KALA BIO, Inc.

KALA Healthcare Biotechnology

KALA BIO, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $3.9 million. In the quarter to June 2026, EPS grew 75.1% and free cash flow grew 80.2%, each against the same quarter a year earlier.

0.19 0.00 0.00%
Market cap
$3.7M
P/E
0.0×
Fwd P/E
−0.8×
Dividend yield
—
F-score
3/9
Altman Z
−11.18
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 3.72
Revenue 5.75
Net Income (10.08)
Free Cash Flow (19.86)
Net Debt (7.23)
Current Ratio 6.88 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (0.77) (negative: loss-making)
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth 56.16% (at or above 15%: strong)
Next Y EPS Growth 88.09% (at or above 15%: strong)
Next Y revenue growth (57.09%) (below 0%: weak)
Next 5Y EPS Growth 65.97% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 0.18%
10-year low 10-year high
P/B against its own 10 years 0.15%
10-year low 10-year high
EV/Sales against its own 10 years 51.35%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 51 51 8 7
Receivables — — — —
Inventory — — — —
Other — — — —
53 53 9 11
2023 2024 2025 Q'26
Payables 1 1 1 1
ST’ Debt — 10 — —
Other — — — —
8 17 2 2

Compound Annual Growth %

10y 5y 3y
Sales — — (13.79%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% (41.25%) (28.29%)

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’22 1 2 0 — 4
’21 3 3 3 2 11
’20 1 1 2 2 6
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) (2) — — —
’25 (9) (8) (11) (5) (32)
’24 (11) (9) (5) (5) (29)
’23 (10) (8) (3) (8) (28)
’22 (24) (25) (16) (14) (79)
’21 (33) (22) (26) (28) (108)
’20 (20) (19) (26) (26) (91)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) (2) — — —
’25 (9) (8) (11) (5) (32)
’24 (11) (9) (5) (5) (30)
’23 (10) (8) (3) (8) (28)
’22 (24) (26) (16) (14) (79)
’21 (33) (22) (26) (28) (109)
’20 (20) (20) (26) (26) (93)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.14) (21.32) — — —
’25 (70.50) (85.50) (53.50) 43.00 (165.50)
’24 (210.00) (158.00) (96.50) (87.00) (507.50)
’23 (349.50) (218.00) (170.50) (159.00) (867.50)
’22 (1.12k) (950.00) 962.50 (398.50) (1.47k)
’21 (1.22k) (1.42k) (1.07k) (1.70k) (5.47k)
’20 (1.35k) (1.05k) (1.25k) (1.37k) (4.97k)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — 33,775.00 10,075.00 8,100.00 9,200.00 2,775.00 177.20 255.00 210.50 25.50

Analyst estimates 2026–2028

Powerpack
High — 66,875.00 50,425.00 23,125.00 36,700.00 24,922.50 4,850.00 2,836.00 462.50 1,030.00
People
People Employees 25 37 130 136 188 192 34 43 38 6
Revenue/emp, $m 0.00 0.00 0.00 0.04 0.03 0.06 0.11 0.00 0.00 0.00
Income, $m
Income, $m Revenue — — — 6 6 11 4 — — —
Gross margin, % 0.00 0.00 0.00 66.94 50.13 63.55 34.22 — — —
EBT (33) (42) (67) (94) (104) (143) (45) (42) (39) (27)
EBT margin, % 0.00 0.00 0.00 (1,553.29) (1,639.85) (1,268.73) (1,151.64) 0.00 0.00 0.00
Net income (33) (42) (67) (94) (104) (143) (45) (42) (39) (27)
Depreciation 0 1 1 2 2 2 2 2 2 0
Per share, $
Per share, $ Revenue 0.00 0.00 0.00 443.36 302.95 427.38 128.03 0.00 0.00 0.00
Earnings (70,209.57) (9,277.14) (6,225.00) (6,900.00) (4,975.00) (5,475.00) (1,474.00) (867.50) (507.50) (165.50)
Cash flow (54,696.00) (7,412.61) (5,058.04) (6,767.88) (4,318.76) (4,115.40) (2,595.66) (574.63) (387.11) (196.26)
Capex (306.00) (104.35) (147.48) (97.45) (92.48) (30.19) (6.55) (11.58) (2.74) (0.09)
Free cash flow (55,002.00) (7,516.96) (5,205.51) (6,865.33) (4,411.24) (4,145.59) (2,602.20) (586.21) (389.86) (196.36)
Book value 61,258.00 19,495.43 9,811.03 2,167.30 4,761.67 638.94 624.14 154.40 162.48 42.92
Shares, m 0 0 0 0 0 0 0 0 0 0
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 — — —
P/S — — — 20.81 55.95 7.08 8.45 — — —
P/B — — — 4.26 3.56 4.73 2.56 — — —
EV/Sales — — — 18.68 43.41 7.19 5.21 — — —
EV/FCF — — — (1.21) (2.98) (0.74) (0.38) — — —
Cash, $m
Cash, $m Operating cash flow (27) (34) (54) (93) (91) (108) (79) (28) (29) (32)
Capex 0 0 (2) (1) (2) (1) 0 (1) 0 0
Free cash flow (28) (35) (56) (94) (93) (109) (79) (28) (30) (32)
Balance, $m
Balance, $m Working capital 40 100 160 81 149 87 60 45 36 7
Total debt 10 19 71 73 74 95 52 38 35 —
Net debt (36) (96) (100) (13) (80) 1 (19) (13) (16) (8)
Shareholders’ equity 31 90 105 30 100 17 19 8 12 7
Returns, %
Returns, % ROA (143.18) (51.83) (39.55) (50.28) (55.50) (79.00) (39.62) (59.12) (69.12) (83.05)
ROIC 0.00 0.00 (848.20) (329.12) (297.33) (449.62) (13,403.22) 0.00 0.00 0.00
ROE (3,460.30) (4,403.86) (68.57) (140.12) (160.89) (244.19) (250.56) (318.75) (388.29) (279.19)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2022 · latest quarter Sep 2022

Charts ten years each

KALA BIO, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OSRH OSR Health, Inc. $4.1M — (loss-making) — −72.20% (below 0%: shrinking) n/m −398.76% (below 0%: shrinking) 27.43% (960.69%) Compare
PMCB Nuvilex Inc. $3.8M — (loss-making) — −103.94% (below 0%: shrinking) n/m +60.84% (above 0%: growing) 100.00% 0.00% Compare
KALA KALA BIO, Inc. $3.7M — (loss-making) — (loss-making) −86.31% (below 0%: shrinking) n/m +80.19% (above 0%: growing) 0.00% 0.00%
ERNA Ernexa Therapeutics Inc. $3.5M — (loss-making) — (loss-making) −94.12% (below 0%: shrinking) n/m −64.10% (below 0%: shrinking) 100.00% 0.00% Compare
PPCB Propanc Biopharma Inc $3.5M — (loss-making) — — −99.64% (below 0%: shrinking) −1,637.42% (below 0%: shrinking) — 0.00% Compare
CVKD Cadrenal Therapeutics, Inc. $3.5M — (loss-making) — — n/m +26.24% (above 0%: growing) 0.00% 0.00% Compare
IOBTQ IO Biotech, Inc. $3.5M — (loss-making) — — n/m +11.22% (above 0%: growing) 0.00% 0.00% Compare
UNBX UNITY Biotechnology, Inc. $3.4M — (loss-making) — (loss-making) — n/m −23.10% (below 0%: shrinking) 0.00% 0.00% Compare
LIPO Lipella Pharmaceuticals Inc. $3.4M — (loss-making) — (loss-making) −36.44% (below 0%: shrinking) n/m −41.79% (below 0%: shrinking) 100.00% 0.00% Compare
Median of peers $3.5M — — −83.16% — −32.44% 27.43% 0.00%

All 614 Biotechnology stocks →

KALA BIO, Inc. (KALA) key facts

  • KALA BIO, Inc. (KALA) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
  • KALA BIO, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $3.9 million.
  • As of October 16, 2026, KALA traded at $0.19, a market capitalization of $3.7 million.
  • Return on equity was −279.2% and debt-to-equity 0.00.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −11.18 (distress zone) for fiscal 2022.

Source: company filings (standardised) and stockrow calculations.

KALA BIO, Inc. (KALA) Latest News

7 May

26 Nov

Impact 2 ·

19 Nov

Impact 3 ·

30 Sep

Impact 3 ·
stockrow.com/KALA · Data as of Sep 30, 2022 · For information only; not investment advice. · © 2026 stockrow.com