Nicox SA

Nicox SA

0.29
EUR
+0.00
(+0.93%)
19.54MMarket Cap
Mar 03Next Earn
2013 Y
2014 Y
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
0.03
0.37
- -
- -
0.56
0.16
0.27
0.43
0.23
0.1
0.14
0.11
0.19
- -
Basic EPS, GAAP
-1.22
-1.43
-1.25
-0.8
-0.13
-0.62
-0.62
-0.54
-1.17
-0.62
-0.42
-0.32
-0.03
- -
Free Cash Flow per Basic Share
-1.37
-2.13
-1.13
-1.08
-0.46
-0.66
-0.53
-0.16
-0.49
-0.46
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4.13
4.85
4.44
4.19
4.3
3.82
3.29
2.72
1.75
0.84
0.43
0.05
0.07
0.05
Tangible Book Value per Share
3.5
-0.71
-1.01
-0.03
1.17
0.57
0.34
0.33
0.23
0.84
0.43
0.05
0.07
0.05
Basic Weighted Avg Shares
15
16
22
24
27
30
30
34
37
50
50
70
88
66
Sales/Revenue/Turnover
- -
6
- -
- -
15
5
8
14
9
5
7
8
17
- -
Operating Margin (%)
-3,312.61
-436.52
-24,959.7
-128,225
-113.06
-444.56
-221.84
-48.62
-211.65
-560.3
-203.14
-108.4
-81.33
- -
Depreciation Expense
1
2
- -
- -
- -
- -
1
2
29
11
- -
- -
18
- -
Net Income, GAAP
-18
-23
-28
-19
-4
-18
-19
-18
-44
-31
-21
-22
-2
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-4,080.96
-387.19
-41,700
-118,968.75
-23.99
-389.89
-229.08
-125.48
-509.86
-596.81
-302.48
-284.9
-14.39
- -
Working Capital
53
29
11
17
36
18
22
37
40
63
46
21
8
21
LT Debt
- -
- -
1
- -
- -
- -
10
13
21
25
26
18
- -
18
Total Equity
61
96
101
105
127
114
109
101
76
42
21
3
6
3
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-26.18
-29.38
-28.28
-18.49
-3.13
-15.3
-16.97
-17.23
-49.62
-53.1
-65.55
-180.37
-51.16
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
- -
4
- -
LT Borrowings
25
20
15
LT Finance Leases
1
- -
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50
63
69
Market Capitalization
22
14
20

Working Capital

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
51
14
24
Cash, Cash Equivalents & STI
11
8
11
Accounts Receivable, Net
3
3
2
Inventories
- -
- -
- -
Total Current Liabilities
5
9
3
Payables & Accruals
- -
- -
- -
ST Debt
- -
4
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-12.36%
-25.22%
76.4%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
29.2%
-0.39%
-89.22%
Sales/Revenue/Turnover
9,423.44%
15.9%
113.41%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
7
2024
- -
- -
8
2025
- -
- -
17

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.42
2024
- -
- -
-0.32
2025
- -
- -
-0.03

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Gavin M. Spencer
Full Time Employees
5
Sector
Health technology
Industry
Pharmaceuticals: major
Address
Sundesk Sophia Antipolis Biot France 06410
IPO Date
Nov 2, 1999
Website
nicox.com
Business
Nicox S.A. Nicox S.A. (Euronext Growth Paris: ALCOX) is an international ophthalmology company that develops innovative therapeutics to help maintain vision and improve ocular health; its lead product candidate is NCX 470, a nitric oxide (NO)-donating bimatoprost eye drop formulation in Phase 3 clinical development for open-angle glaucoma and ocular hypertension, demonstrating non-inferiority to latanoprost in the pivotal Mont Blanc trial with sustained efficacy through 12 months in the ongoing Denali trial, alongside potential retinal benefits observed in preclinical models; the pipeline also includes NCX 4251, a fluticasone propionate nanocrystal suspension in Phase 2b for dry eye disease, and NCX 1728, an NO-donating phosphodiesterase-5 inhibitor in preclinical evaluation for retinal conditions and intraocular pressure lowering; the company generates recurrent royalty revenue from partnered products including VYZULTA (latanoprostene bunod ophthalmic solution 0.024%), commercialized by Bausch + Lomb for glaucoma in over 15 countries with U.S. patent extension to 2029, and ZERVIATE (cetirizine ophthalmic solution 0.24%), approved in the U.S. by Harrow and launched commercially in China by Ocumension Therapeutics following approval in September 2024, with rights also in Southeast Asia. Nicox S.A. was founded in 1996 and is headquartered in Biot, France, near Sophia Antipolis, with a U.S. subsidiary Nicox Ophthalmics, Inc. in Durham, North Carolina, focused on development; it maintains direct commercial presence or partnerships in key markets including Europe (Germany, France, UK, Italy, Spain), the U.S., Japan, China, and international territories, targeting eye care practitioners and patients with unmet needs in glaucoma, dry eye, and allergic conjunctivitis. Recent developments include a July 2025 agreement with Kowa Company worth up to €191.5 million granting exclusive rights to NCX 470 in the U.S. and all remaining unlicensed territories, building on prior Japan rights signed in February 2024; positive topline results from the Phase 3 Denali trial announced August 2025 confirming efficacy and safety; expectation of full financial debt repayment by 2026 following NCX 470 de-risking and global licensing, with NDA submissions planned for the U.S. in H1 2026 and China thereafter; Kowa's initiation of NCX 470 Phase 3 in Japan in August 2025; first commercial sales of ZERVIATE in China in December 2024 creating new recurrent revenue; a September 2024 research and global licensing option agreement for NCX 1728 with Glaukos; leadership changes including Gavin Spencer's appointment as CEO in February 2024, Damian Marron as Board Chair in July 2024, and equity financing of €3.3 million in June 2024 to extend cash runway.