Vivani Medical, Inc. VANI

1.24 0.01 0.81% as of 25 Sep
Market cap
$111.0M
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 26.62
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 2 1 2 2 1 1 1 1 1 1 — —
Sell — — — — — — — — — — — —
Insider Ownership 56.55%

Capital & Financial Ratios

Market Cap 110.95
Revenue 3.38
Net Income (26.31)
Free Cash Flow (26.50)
Net Debt (19.89)
Current Ratio 3.25
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 31.96
P/B ratio 5.69
Past 5Y EPS Growth 42.59%
This Y EPS Growth 25.58%
Next Y EPS Growth (22.92%)
Next 5Y EPS Growth 2.38%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 21 18 16 20
Receivables — 0 1 1
Inventory — — — —
Other — — — —
23 20 18 22
2023 2024 2025 Q'26
Payables 1 1 1 1
ST’ Debt — — — —
Other 2 2 2 2
6 6 7 7
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — (0.11%) (5.35%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (2.50%) 0.00% (29.19%)

Revenue

Mar Jun Sep Dec Year
’26 — — — — —
’19 1 1 0 0 3
’18 1 2 2 2 7
’17 1 2 2 3 8
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (6) (6) — — —
’25 (5) (6) (6) (7) (24)
’24 (5) (5) (6) (6) (21)
’23 (7) (6) (8) (3) (24)
’22 (3) (3) (7) (5) (19)
’21 (1) (4) (3) (3) (11)
’20 (9) (5) (1) (1) (17)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (6) (6) — — —
’25 (5) (6) (7) (7) (25)
’24 (5) (5) (6) (6) (21)
’23 (7) (6) (8) (4) (25)
’22 (3) (4) (7) (5) (19)
’21 (1) (4) (3) (3) (12)
’20 (9) (5) (1) (1) (17)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.08) (0.07) — — —
’25 (0.11) (0.12) (0.11) (0.09) (0.43)
’24 (0.12) (0.10) (0.11) (0.11) (0.43)
’23 (0.12) (0.13) (0.13) (0.12) (0.50)
’22 (0.11) (0.11) 0.04 (0.18) (0.36)
’21 (0.36) (0.24) (0.10) (0.06) (0.39)
’20 (1.70) (0.45) (0.21) 0.20 (2.17)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
41.04 21.60 15.24 15.36 2.07 4.20 0.82 0.75 1.00 0.91

Analyst estimates 2026–2028

Powerpack
Low Price
166.32 67.92 61.92 28.80 19.20 60.00 8.10 1.65 7.80 1.92
High Price
110 112 123 112 12 15 50 44 36 36
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
4 8 7 3 — — — — — —
Revenue
(152.85%) 35.75% 29.12% 36.31% 0.00% 0.00% — — — —
Gross Margin
(33) (29) (35) (34) (15) (13) (14) (26) (23) (27)
EBT
(832.60%) (358.06%) (508.90%) (994.14%) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBT Margin
(33) (29) (35) (34) (15) (13) (14) (26) (23) (27)
Net Income
0 0 0 0 0 0 0 0 0 0
Depreciation
2.42 3.53 2.49 0.69 0.00 0.00 0.00 0.00 0.00 0.00
Revenue/Sh
(20.16) (12.72) (12.72) (6.84) (2.10) (0.39) (0.36) (0.50) (0.43) (0.43)
Earnings/Sh
(15.21) (10.61) (10.78) (5.64) (2.45) (0.33) (0.49) (0.47) (0.38) (0.39)
Cash Flow/Sh
(0.30) (0.12) (0.06) (0.10) 0.01 (0.02) (0.01) (0.02) (0.01) (0.02)
Capex/Sh
(15.51) (10.73) (10.84) (5.74) (2.44) (0.35) (0.50) (0.48) (0.39) (0.41)
Free CF/Sh
6.77 3.49 1.12 1.48 (0.10) 0.07 1.16 0.41 0.32 0.25
Book Value/Sh
2 2 3 5 7 33 38 51 55 62
Shares
0.00 0.00 0.00 0.00 — — — — — —
PE Ratio
19.55 13.67 8.53 25.84 — — — — — —
PS Ratio
6.99 13.81 19.06 12.00 — — — — — —
PB Ratio
16.82 12.68 7.88 22.56 — — — — — —
EV/Sales
(2.62) (4.17) (1.81) (2.71) — — — — — —
EV/FCF
(25) (24) (30) (28) (17) (11) (19) (24) (21) (24)
Op' Cash Flow
0 0 0 0 0 (1) 0 (1) (1) (1)
Capex
(26) (24) (30) (28) (17) (12) (19) (25) (21) (25)
FCF
10 7 2 6 (1) 0 41 17 14 11
Working Cap'
— — — 0 2 0 1 — — —
Total Debt
(11) (8) (4) (11) (1) (2) (44) (21) (18) (16)
Net Debt
11 8 3 7 (1) 2 44 21 18 16
Sh' Equity
(147.28%) (182.17%) (278.76%) (246.27%) (141.32%) (257.70%) (49.09%) (52.93%) (53.77%) (65.74%)
ROA
(7,603.02%) (41,582.85%) 0.00% 0.00% 0.00% (1,764.17%) (7,099.26%) (15,750.58%) 0.00% 0.00%
ROIC
(211.26%) (299.70%) (640.05%) (648.56%) (450.70%) (1,424.76%) (59.39%) (78.85%) (122.42%) (159.62%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2019 · latest quarter Dec 2019

Vivani Medical, Inc. peers in Biotechnology

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Vivani Medical, Inc. (VANI) key facts

  • Vivani Medical, Inc. (VANI) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
  • Vivani Medical, Inc. reported a net loss of $26.6 million, or a loss of $0.43 per share, for fiscal 2025.
  • As of September 25, 2026, VANI traded at $1.24, a market capitalization of $111.0 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 32.0× sales.
  • Return on equity was −159.6% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Vivani Medical, Inc. (VANI) Latest News

News by impact score

Fine-tune

13 Aug

3

Vivani Medical reported second quarter 2026 financial results and issued a business update. Quarterly results and updates supply data that can moderately shift investor views on performance.

6 Aug

3

Vivani Medical completed dosing all participants in SLIM-1 Phase 1 trial of NPM-139, a miniature ultra long-acting semaglutide implant for chronic weight management. Phase 1 dosing completion marks incremental progress on NPM-139 weight management implant with limited near-term market effects.

15 Jul

4

Vivani Medical targets August human trials for semaglutide implant after deal with Novo Nordisk. Human trials for semaglutide implant after Novo Nordisk deal mark major pipeline advance likely to shift company trajectory.

9 Jul

4

Novo Nordisk could be 13% overvalued following its deal with Vivani Medical. Deal with major player Novo Nordisk marks significant strategic partnership for Vivani.

8 Jul

5

Novo Nordisk signs pact with Vivani for long-lasting semaglutide implant. Partnership with Novo Nordisk on semaglutide implant technology drives major growth potential for Vivani.

7 Jul

5

Novo Nordisk partners with Vivani Medical to test a semaglutide implant. Partnership with Novo Nordisk to test semaglutide implant can fundamentally redefine Vivani's competitive position and long-term prospects.

4

Vivani Medical enters agreement with Novo Nordisk to evaluate NPM-139, a miniature ultra long-acting semaglutide implant for chronic weight management. Partnership with Novo Nordisk advances evaluation of NPM-139 implant and strengthens Vivani position in weight management.

3 Jul

4

Vivani Medical enters reverse-merger agreement with ClearOne for BCI business. Reverse-merger agreement constitutes major strategic move that can significantly alter Vivani's trajectory and investor sentiment.

2 Jul

4

Vivani Medical enters merger agreement for wholly owned subsidiary Cortigent with Nasdaq-listed ClearOne. Subsidiary merger with ClearOne signals major strategic restructuring for Vivani.

3

ClearOne enters merger agreement with Cortigent, Inc., a wholly-owned subsidiary of Vivani Medical, Inc. Merger involving VANI subsidiary Cortigent may affect corporate structure and holdings but does not directly alter core operations.

25 Jun

4

Vivani Medical received regulatory approval to initiate SLIM-1 Phase 1 trial of NPM-139 semaglutide implant for obesity and chronic weight management. Approval launches first clinical test of NPM-139 implant and advances Vivani pipeline in high-value obesity space.

15 May

3

Investors are closely watching Vivani Medical (NASDAQ:VANI) due to its concerning cash burn situation, which highlights potential risks to financial runway amid ongoing operations. Vivani Medical's cash burn raises moderate concerns for financial performance and investor sentiment without fundamentally altering long-term trajectory.

13 May

3

Vivani Medical, Inc. (VANI) reported first quarter 2026 financial results and provided a business update. Quarterly financial results and business updates moderately affect financial performance and investor sentiment.

26 Mar

3

Vivani Medical (VANI) released Q4 earnings snapshot. Q4 earnings directly affect financial performance and short-term market sentiment.

3

Vivani Medical, Inc. (VANI) reported fourth quarter and full-year 2025 financial results and provided a business update. Financial results and business update directly affect key financial performance and investor sentiment with moderate influence.

29 Jan

4

Vivani Medical's subsidiary, Cortigent, presented promising results from a 6-year early feasibility study for the Orion System at the NANS 2026 conference. The study demonstrated significant advancements in the system's performance, indicating potential benefits for patients with neurological conditions. These findings could pave the way for further development and commercialization of the Orion System, enhancing Vivani's position in the medical technology market. The positive study results could significantly influence Vivani's future product offerings and market positioning.

27 Jan

3

Vivani Medical, Inc. has successfully closed its common stock offering, raising approximately $5.5 million. The offering consisted of 5.5 million shares priced at $1.00 each. The proceeds will be utilized to support the company's ongoing development of its implantable drug delivery system and for general corporate purposes. The offering was managed by a financial institution, and the shares are expected to be listed on the NASDAQ under the ticker symbol VANI. The capital raised will support product development and corporate initiatives, which may influence financial performance.

3

GameStop CEO Ryan Cohen has acquired 1 million shares of Vivani Medical, Inc. (VANI), signaling confidence in the company's future. This move comes as other insiders also return to buying shares, indicating a potential positive shift in sentiment towards VANI. The increased insider buying could suggest that executives believe the stock is undervalued or that significant developments are on the horizon. Insider buying may indicate confidence in the company's future, but its overall impact on VANI's trajectory remains limited.

25 Jan

3

Vivani Medical, Inc. has announced the pricing of its common stock offering, which is expected to raise approximately $10 million. The offering consists of 2 million shares priced at $5.00 each. The company plans to use the proceeds for general corporate purposes, including funding clinical trials and advancing its product pipeline. The offering is expected to close on or about October 30, 2023, subject to customary closing conditions. The stock offering may provide necessary funding for clinical trials and product development, impacting financial performance moderately.

23 Jan

3

Vivani Medical, Inc. (VANI) has seen a significant increase in its stock value, reaching a market capitalization of US$110 million. As a result, insiders have benefited from an additional US$1.9 million in investments. This surge in stock value reflects positive market sentiment towards the company's prospects. The increase in stock value and insider investment indicates a moderately noticeable influence on the company's market performance.

22 Jan

4

Vivani Medical, Inc.'s subsidiary, Cortigent, is set to present the advanced brain implant technology of the Orion System at the upcoming NANS 2026 conference. This presentation highlights the innovative capabilities of the Orion System in the field of neuromodulation and brain-computer interfaces, showcasing Cortigent's commitment to advancing medical technology. The presentation of advanced brain implant technology at a significant conference is likely to enhance investor sentiment and position the company favorably in the competitive landscape.

5 Dec

3

Insiders of Vivani Medical, Inc. (NASDAQ:VANI) currently hold 43% of the company's shares and have been actively purchasing more recently. This trend indicates a strong confidence in the company's future prospects among its leadership. Insider buying can signal confidence in the company's future, potentially influencing market sentiment and performance.

13 Nov

4

Vivani Medical, Inc. (VANI) provided a business update alongside its financial results for the third quarter of 2025. The company reported significant advancements in its product pipeline and highlighted key financial metrics, including revenue growth and expense management. Management expressed optimism about future developments and strategic initiatives aimed at enhancing market presence and operational efficiency. Significant advancements in the product pipeline and strategic initiatives are likely to impact future performance and investor sentiment.

3

Vivani Medical, Inc. reported its Q3 earnings, highlighting key financial metrics and operational updates. The company continues to focus on its innovative drug delivery systems, with ongoing developments in its pipeline. Financial results indicate a mixed performance, with certain areas showing growth while others faced challenges. Management provided insights into future strategies and market positioning, emphasizing the importance of upcoming product launches and partnerships. The earnings report reflects both growth and challenges, indicating a moderate influence on financial performance and market sentiment.

28 Oct

3

Vivani Medical, Inc. has successfully closed its common stock offering, raising approximately $10 million. The offering was conducted through a registered direct placement of shares, with proceeds intended to support the company's ongoing development efforts and operational needs. This capital infusion is expected to enhance Vivani's financial position as it advances its innovative therapeutic solutions. The capital raised will support ongoing development efforts, potentially influencing financial performance and product innovation.

3

Insider buying activity has been reported for Vivani Medical, Inc. (VANI), indicating confidence from company executives in the stock's future performance. This trend is often viewed as a positive signal by investors, suggesting that insiders believe the company's prospects are strong. Alongside VANI, two other stocks are also experiencing significant insider purchases, highlighting a broader trend of executive optimism in the market. Insider buying can indicate confidence in the company's future, potentially influencing market sentiment and performance.

26 Oct

3

Vivani Medical, Inc. has announced the pricing of its common stock offering, which is expected to raise approximately $10 million. The offering consists of 2 million shares priced at $5.00 per share. The company plans to use the proceeds for general corporate purposes, including funding clinical trials and product development. The offering is expected to close on a specified date, subject to customary closing conditions. The stock offering may provide necessary funding for clinical trials and product development, impacting financial performance and innovation.

20 Oct

3

Vivani Medical, Inc. (VANI) is highlighted as one of three promising penny stocks with market caps under $900 million. The company focuses on developing innovative therapies for chronic conditions, particularly through its implantable drug delivery systems. Investors are encouraged to consider VANI due to its potential for growth in the healthcare sector, especially as it advances its product pipeline and seeks to address unmet medical needs. The company's focus on innovative therapies and product pipeline may moderately influence its financial performance and market positioning.

17 Sep

4

Vivani Medical, Inc. has announced the record date for the spin-off of its Cortigent neuromodulation subsidiary to shareholders, marking a significant corporate restructuring aimed at enhancing shareholder value and focusing on core operations. The spin-off is a major strategic move that could significantly alter the company's trajectory and investor sentiment.

5 Sep

4

Vivani Medical, Inc. (VANI) is highlighted as a promising penny stock opportunity for September 2025, with potential for significant growth driven by advancements in its product pipeline and market positioning. The company focuses on innovative medical technologies, which may attract investor interest and enhance its competitive edge in the healthcare sector. Analysts suggest that VANI's strategic initiatives could lead to improved financial performance and market sentiment, making it a stock to watch in the coming months. Strategic initiatives and product advancements are expected to significantly influence the company's future performance and market position.

stockrow.com/VANI · Data as of Dec 31, 2019 · For information only; not investment advice. · © 2026 stockrow.com