stockrowPalisade Bio, Inc.
PALIPalisade Bio, Inc.’s revenue for fiscal 2023 (year ended December 2023) was $250,000.00.
- Revenue
- +19,900.0%
- EPS
- +91.4%
- Free cash flow
- −318.4%
Quarter to June 2026, against a year earlier
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Palisade Bio, Inc. (PALI) Piotroski F-score
Palisade Bio, Inc.'s Piotroski F-score for fiscal 2023 cannot be worked out: no comparable prior fiscal year (a missing year or a changed year end).
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2020 | 3 | 1.00 |
| FY2019 | 2 | (1.00) |
| FY2018 | 3 | (2.00) |
| FY2017 | 5 | 0.00 |
| FY2016 | 5 | — |
How fiscal 2023’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | — | — | n/a | — |
| Positive operating cash flow | (11.13m) | — | Fail | 0 |
| Rising return on assets | — | — | n/a | — |
| Cash flow above net income | 1.18m | — | Pass | 1 |
| Falling long-term leverage | — | — | n/a | — |
| Rising current ratio | 5.15 | — | n/a | — |
| No new shares issued | 456,000 | — | n/a | — |
| Rising gross margin | 100.00% | — | n/a | — |
| Rising asset turnover | — | — | n/a | — |
| Piotroski F-score | n/a — no comparable prior fiscal year (a missing year or a changed year end) | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| SLGL Sol-Gel Technologies Ltd. compare | 6 |
| PLX Protalix BioTherapeutics, Inc. compare | 3 |
| IKT Inhibikase Therapeutics, Inc. compare | 3 |
| RNAC Cartesian Therapeutics, Inc. compare | 2 |
| IFRX InflaRx N.V. compare | 2 |
| ELDN Eledon Pharmaceuticals, Inc. compare | — |
| DRUG Bright Minds Biosciences Inc. compare | — |
| ARTV Artiva Biotherapeutics, Inc. compare | — |
| PALI Palisade Bio, Inc. | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover