KALA BIO, Inc.

KALA BIO, Inc.

KALA
KALA BIO, Inc.US flagNASDAQ Global Select
0.39
USD
-0.03
- -
7.45MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.51
- -
- -
- -
443.91
303.66
426.91
127.98
- -
- -
- -
- -
Basic EPS, GAAP
-2,413.13
-4,797.77
-15,288.3
-6,236.61
-6,895.2
-4,979.57
-5,416.27
-1,473.83
-867.58
-507.26
-165.56
-2.5
Free Cash Flow per Basic Share
-2,219.15
-3,978.16
-12,523.72
-5,205.03
-6,873.86
-4,421.56
-4,321.24
-2,604.93
-586.7
-389.75
-196.4
-4.93
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-6,084.4
-9,423.6
9,136.93
7,750.31
2,057.09
4,243.19
641.37
555.79
135.97
101.23
12.56
0.47
Tangible Book Value per Share
-6,084.4
-9,423.6
9,136.93
7,750.31
2,057.09
4,243.19
641.37
555.79
135.97
101.23
12.56
0.47
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4
Sales/Revenue/Turnover
- -
- -
- -
- -
6
6
11
4
- -
- -
- -
- -
Operating Margin (%)
-35,435.56
- -
- -
- -
-1,452.49
-1,512.59
-973.6
-2,090.34
- -
- -
- -
- -
Depreciation Expense
- -
- -
1
- -
1
1
1
1
- -
- -
- -
- -
Net Income, GAAP
-17
-33
-42
-67
-94
-104
-143
-45
-42
-39
-27
-10
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-37,071.11
- -
- -
- -
-1,553.29
-1,639.85
-1,268.73
-1,151.64
- -
- -
- -
- -
Working Capital
2
40
100
160
81
149
87
60
45
36
7
9
LT Debt
8
9
12
99
100
99
79
38
36
22
- -
- -
Total Equity
-57
-88
90
105
30
100
17
19
8
12
7
9
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
36.16
Return on Common Equity (%)
- -
- -
- -
-68.57
-140.12
-160.89
-244.19
-250.56
-318.75
-388.29
-279.19
-517.89

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
19
19
Market Capitalization
15
161
33

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9
12
11
Cash, Cash Equivalents & STI
8
9
7
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2
2
2
Payables & Accruals
2
2
2
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-7.49%
-21.93%
-43.27%
Free Cash Flow
17.37%
-11.94%
8.16%
Net Income, GAAP
15.97%
-15.28%
-29.94%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-209.85
-158.06
-96.7
-87.07
-507.26
2025
-70.49
-85.64
-53.7
- -
-165.56
2026
-0.14
-21.32
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Avi Minkowitz
Full Time Employees
6
Sector
Healthcare
Industry
Biotechnology
Address
1167 Massachusetts Avenue Arlington MA United States of America 02476
IPO Date
Jul 20, 2017
Website
kalarx.com
Business
KALA BIO, Inc. (NASDAQ:KALA) is a clinical-stage biopharmaceutical company focused on the research, development, and commercialization of innovative biologics-based therapies for rare and severe diseases of the eye. The company utilizes its proprietary mesenchymal stem cell secretome (MSC-S) platform to develop product candidates that provide regenerative healing effects for ocular surface and retinal diseases; its lead product candidate, KPI-012, is a topically administered human MSC-S containing numerous biofactors including growth factors, protease inhibitors, matrix proteins, and neurotrophic factors, currently in Phase 2b clinical development for persistent corneal epithelial defect (PCED) with FDA orphan drug and fast track designations, and under evaluation for additional indications such as limbal stem cell deficiency (LSCD) and other rare corneal diseases; its preclinical candidate, KPI-014, targets rare inherited retinal diseases (IRDs) including retinitis pigmentosa and Stargardt disease via intravitreal administration to slow retinal degeneration in a gene-agnostic manner. KALA BIO, formerly known as Kala Pharmaceuticals, Inc., changed its name in August 2023 to reflect its sharpened focus on the MSC-S platform following the July 2022 sale of its previously approved commercial ophthalmic products, EYSUVIS and INVELTYS, to Alcon Inc.; most recently, in December 2025, the company entered into a $6 million securities purchase agreement with investor David E. Lazar, who was appointed CEO and Chairman to lead capital restructuring, product candidate redevelopment, and exploration of strategic alternatives after the Phase 2b CHASE trial of KPI-012 missed its primary endpoint in September 2025; earlier in 2025, KALA BIO completed a $10.75 million private placement and a $1.8 million preferred stock offering to support operations. Founded in 2009 and headquartered in Arlington, Massachusetts, with additional facilities in Menlo Park, California, KALA BIO targets underserved patient populations in the ophthalmology sector across the United States and Latin America through its clinical programs.

Company News

  • KALA Bio Signs Non-Binding LOI to Acquire Nationwide Telehealth Platform with Approximately $48 Million in Sales Since Inception

  • Kala Bio and Virotek Sign Letter of Intent with U.S. DNA Testing Platform to Resell Virotek's Suite of Genetic Testing Products

  • KALA BIO, Inc. (NASDAQ:KALA) Given Consensus Recommendation of “Reduce” by Brokerages

  • KALA BIO Adds Healthcare Operator Yenvy Truong to Advisory Team

  • Kala Bio and Virotek Finalize Definitive Agreement Establishing Exclusive U.S. Distribution Partnership for Ophthalmology Genetic Testing Program

  • Kala Bio and Virotek Announce Letter of Intent to Establish an Exclusive U.S. Distribution Partnership for Ophthalmology Genetic Testing Program

  • KALA BIO (KALA) Expected to Post Earnings on Thursday

  • KALA BIO Announces Reverse Stock Split

  • Kala Bio Celebrates Trump Executive Order as Game-Changer for Psychedelic Medicine

  • KALA BIO (NASDAQ:KALA) vs. Celularity (NASDAQ:CELU) Financial Survey

  • Kala Bio Engages Dr. Saeid Babaei as Senior Scientific Advisor to Evaluate Clinical Assets and Precision Development Opportunities

  • KALA BIO Delivers Industry-Leading AI Infrastructure: Bionic Intelligence Research Agent Now Live

  • EXCLUSIVE: Penny Stock Kala Bio Transitions To Revenue Model With AI Platform Launch

  • KALA BIO, Inc. (NASDAQ:KALA) Receives Consensus Rating of “Hold” from Analysts

  • Red Light Holland Engages Kala Bio's Researgency.AI Platform to Support Clinical Development of Filament's Patented PEX010 Botanical Psilocybin Drug Candidate

  • Red Light Holland Engages Kala Bio's Researgency.ai Platform to Support Clinical Development of Filament Health's Patented PEX010 Botanical Psilocybin Drug Candidate

  • Younet.ai Highlights Researgency.ai Collaboration with Kala Bio (KALA) as New "AutoResearch" Milestone Signals the Rise of Autonomous Research Agents

  • Kala Bio Launches a Revolution for Biotech- First AI Agent Deploying in 14 Days as $180 Billion Agentic AI Healthcare Revolution Accelerates

  • Stock Trend Capital Provides Younet AI Investment Update

  • KALA BIO Eyes Pharma R&D Spend With Secure AI Licensing Model