MeiraGTx Holdings PLC

MeiraGTx Holdings PLC

MGTX · NASDAQ · Healthcare / Biotechnology

9.18USD+0.39 (+4.44%)

Price History

Full chart

Market Stats

Previous Close8.79
Open8.80
Day Range8.60 – 9.28
52-Week Range6.62 – 15.35
Volume731.59K
Market Cap1.07B
P/E (TTM)13.55
Forward P/E64.10
EPS0.82
Dividend Yield0.00%
Beta1.27
50-Day Avg12.98
200-Day Avg10.06

About

MeiraGTx Holdings plc, a clinical-stage genetic medicines company, focusing on developing treatments for patients with serious diseases. The company develops various therapies for ocular diseases, including inherited retinal diseases and large degenerative ocular diseases; neurodegenerative diseases; and xerostomia. It is also develops AAV-AQP1 for radiation-induced grade 2/3 radiation-induced xerostomia, as well as for Sjogren's syndrome; AAV-GAD in Phase 2 trial for Parkinson's disease; AAV-RPE65 in Phase 2 trial for RPE65-associated retinal dystrophy; and AAV-CNGB3 and AAV-CNGA3, which are both in Phase ½ clinical trial for achromatopsia, as well as offers AAV-AIPL1 for Leber congenital amaurosis (LCA) 4. In addition, the company's products under preclinical development include AAV-RDH12 for retinol dehydrogenase 12 mutation-associated retinal dystrophy; AAV-BBS10 for Bardet-Biedl syndrome (BBS) due to BBS10 mutations; AAV-RetGC for LCA type 1; and AAV-UPF1 for amyotrophic lateral sclerosis, as well as programs for Alzheimer's disease, and wet and dry neovascular age related macular degeneration. Further, it provides riboswitch platform for the delivery of metabolic peptides; and cell therapies for oncology, autoimmune disease, and long term intractable pain. The company has collaborations with Johnson & Johnson Innovative Medicine for the research, development, and commercialization of gene therapies for the treatment of inherited retinal disease; and Hologen Limited for the research, development, manufacture, and commercialization of AAV-GAD investigational gene therapy for the treatment of Parkinson's disease, AAV-BDNF investigational gene therapy for genetic obesity disorders, and other genetic medicines to the central nervous system. MeiraGTx Holdings plc was founded in 2015 and is based in New York, New York.

Company Details

  • SectorHealthcare
  • IndustryBiotechnology
  • CEODr. Alexandria Forbes Ph.D.
  • Employees393
  • Headquarters655 Third Avenue, New York, NY, United States, 10017, USA
  • Websitehttps://www.meiragtx.com

Leadership

  • Dr. Alexandria Forbes Ph.D.CEO, President & Director · b. 1965
  • Mr. Richard Brian Giroux B.A.COO & CFO · b. 1974
  • Dr. Robert K. Zeldin M.D.Chief Medical Officer · b. 1963
  • Mr. Robert J. Wollin J.D.General Counsel & Secretary · b. 1976
  • Dr. Stuart Naylor Ph.D.Chief Scientific Officer of Ophthalmology · b. 1963
  • Dr. Michel Michaelides F.A.C.S., M.D., MBBSHead of Clinical Ophthalmology
  • Ms. Christine Elise SheehySenior Vice President of Global Integration · b. 1968
  • Mr. Tim RandallSenior Vice President of Risk & Internal Controls
  • Dr. David Rubinstein Ph.D.Senior Vice President of Business Development
  • Dr. Tassos Georgiadis Ph.D.Senior Vice President of Discovery & Preclinical Development

Financials

Income Statement

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue00013.29M15.56M37.70M15.92M14.02M33.28M81.39M
Growth (%)----+17.09%+142.25%-57.77%-11.95%+137.42%+144.57%
Cost of Revenue243.08K679.18K2.05M--7.87M8.72M13.73M23.79M4.84M
Gross Profit-243.08K-679.18K-2.05M13.29M15.56M37.70M15.92M14.02M9.49M76.55M
Gross Margin---100.00%100.00%100.00%100.00%100.00%28.51%94.05%
Operating Expense19.82M31.01M76.05M71.56M78.12M110.46M132.28M151.08M173.70M182.52M
Operating Income-20.06M-31.68M-78.10M-58.27M-62.55M-72.76M-116.36M-137.06M-164.21M-105.97M
Operating Margin----438.37%-401.94%-192.99%-730.87%-977.82%-493.44%-130.20%
EBITDA-19.82M-31.01M-78.10M-52.46M-53.68M-71.40M-116.07M-57.05M-121.69M-89.40M
EBITDA Margin----394.67%-344.93%-189.38%-729.06%-407.02%-365.67%-109.84%
Net Income-19.49M-31.04M-82.87M-54.75M-57.99M-79.56M-129.62M-84.03M-147.79M-114.20M
Net Income Margin----411.87%-372.63%-211.03%-814.16%-599.46%-444.10%-140.31%
R&D14.04M22.36M33.62M24.88M33.91M66.69M85.72M103.78M119.48M129.62M
R&D as % of Total Revenue---187.15%217.89%176.90%538.47%740.42%359.04%159.25%
Interest Expense25.44K42.86K33.43K48.61K139.20K288.00K4.95M13.24M13.27M12.20M
Interest Expense % of Total Revenue---0.37%0.89%0.76%31.07%94.49%39.88%14.99%

Balance Sheet

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets22.55M25.85M96.89M323.89M363.70M320.16M318.24M326.74M269.75M244.43M
Total Liabilities39.69M73.22M15.84M133.09M125.14M134.76M200.50M188.57M201.92M250.22M
Total Equity-17.14M-47.37M81.06M190.80M238.56M185.40M117.74M138.18M67.83M-5.79M
Cash17.48M8.55M68.08M227.23M209.52M137.70M115.52M129.57M103.66M65.93M
Total Debt11.47K1.51M34.30K23.18M22.25M23.73M92.25M89.26M84.80M88.69M
Net Debt-17.47M-7.04M-68.05M-204.05M-187.27M-113.97M-23.27M-40.30M-18.86M22.75M

Cash Flow

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-14.37M-18.06M-58.89M20.04M-63.97M-10.53M-73.10M-105.36M-104.50M-46.36M
Investing Cash Flow-2.59M-10.54M-11.26M-9.37M-37.02M-61.72M-44.96M34.03M23.48M-4.11M
Financing Cash Flow20.76M19.34M130.04M148.23M82.73M1.71M95.20M84.02M54.53M12.27M
Capital Expenditure2.59M10.54M11.26M8.98M37.02M55.22M44.96M20.17M4.96M3.83M
Free Cash Flow-16.96M-28.59M-70.15M11.06M-100.99M-65.75M-118.06M-125.54M-109.45M-50.19M
Dividends Paid-----069.97M0--
FCF to OCF118.05%158.35%119.12%55.20%157.87%624.38%161.51%119.15%104.74%108.25%
Dividend Paid to FCF-----0.00%-59.27%0.00%--

Earnings

Report DateMar 7, 2018Jun 8, 2018Aug 8, 2018Nov 8, 2018Mar 26, 2019May 14, 2019Aug 7, 2019Nov 7, 2019Mar 11, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Mar 11, 2021May 11, 2021Aug 11, 2021Nov 10, 2021Mar 10, 2022May 12, 2022Aug 11, 2022Nov 10, 2022Mar 14, 2023May 11, 2023Aug 10, 2023Nov 14, 2023Mar 14, 2024May 9, 2024Aug 12, 2024Nov 13, 2024Mar 12, 2025May 13, 2025Aug 14, 2025Nov 13, 2025Mar 12, 2026May 14, 2026Aug 13, 2026Nov 12, 2026
EPS Estimate0.000.00-0.50-0.58-0.63-0.64-0.16-0.52-0.51-0.47-0.51-0.70-0.35-0.42-0.55-0.50-0.51-0.53-0.64-0.60-0.49-0.66-0.56-0.55-0.11-0.41-0.40-0.52-0.56-0.49-0.47-0.49-0.56-0.45-0.39-0.46
EPS Actual0.02-1.75-1.47-0.59-0.58-0.62-0.63-0.30-0.12-0.43-0.69-0.17-0.25-0.54-0.46-0.59-0.22-0.70-0.76-0.83-0.60-0.62-0.53-0.74-0.42-0.77-0.76-0.55-0.50-0.51-0.48-0.620.19-0.571.71-
Surprise---194.00%-1.72%7.94%3.13%-293.75%42.31%76.47%8.51%-35.29%75.71%28.57%-28.57%16.36%-18.00%56.86%-32.08%-18.75%-38.33%-22.45%6.06%5.36%-34.55%-281.82%-87.80%-90.00%-5.77%10.71%-4.08%-2.13%-26.53%133.69%-26.67%538.46%-
Timing-After-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.07B
Enterprise Value1.10B
Trailing P/E13.55
Forward P/E64.10
Price / Sales2.68
Price / Book5.23
EPS0.82
Book Value2.29
Revenue (TTM)397.50M
Gross Profit (TTM)389.35M
EBITDA196.13M
Profit Margin19.87%
Operating Margin76.04%
Return on Equity72.17%
Return on Assets38.65%
Shares Outstanding96.04M
Shares Float53.75M
Beta1.27
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 5 analystsTarget 27.75
  • Strong Buy
    3
  • Buy
    2

Ownership Breakdown

Institutions
70.48%
Insiders
16.39%
Retail / Other
13.13%

Top Institutional Holders

  • Sanofi
    12.20M12.70%
  • Perceptive Advisors LLC
    10.79M11.23%
  • Rubric Capital Management LP
    7.00M7.29%
  • Johnson & Johnson
    6.64M6.91%
  • Adage Capital Partners Gp LLC
    4.40M4.58%
  • Opaleye Management Inc
    3.55M3.70%
  • BlackRock Inc
    3.17M3.30%
  • Millennium Management LLC
    2.97M3.09%
  • 683 Capital Management LLC
    2.45M2.55%
  • Morgan Stanley - Brokerage Accounts
    1.59M1.66%
  • Knoll Capital Management LP
    1.25M1.30%
  • Kennedy Capital Management Inc
    1.11M1.15%
  • Long Focus Capital Management, LLC
    1.08M1.12%
  • D. E. Shaw & Co LP
    852.90K0.89%
  • State Street Corp
    753.38K0.78%
  • Erste Asset Management GmbH
    719.70K0.75%
  • Citadel Advisors Llc
    650.49K0.68%
  • Geode Capital Management, LLC
    584.90K0.61%

Top Fund Holders

  • iShares Russell 2000 ETF
    1.53M1.60%
  • Fidelity Small Cap Index
    651.08K0.68%