BGLC
BGLC
BioNexus Gene Lab Corp.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.54M ▲ | $1.08M ▲ | $-708.99K ▼ | -27.87% ▼ | $-0.39 ▼ | $-665.64K ▼ |
| Q2-2025 | $2.26M ▲ | $979.32K ▲ | $-616.17K ▲ | -27.26% ▲ | $-0.34 ▲ | $-569.56K ▼ |
| Q1-2025 | $2.14M ▼ | $961.91K ▲ | $-623.33K ▼ | -29.17% ▼ | $-0.35 ▼ | $-546.92K ▼ |
| Q4-2024 | $2.52M ▼ | $725.45K ▼ | $-348.32K ▲ | -13.8% ▲ | $-0.19 ▲ | $-373.2K ▲ |
| Q3-2024 | $2.63M | $1.66M | $-1.35M | -51.15% | $-0.75 | $-1.29M |
What's going well?
Sales are up 12% from last quarter, showing strong demand. Gross profit also improved slightly, and there are no big one-time charges distorting results.
What's concerning?
Losses are growing, with net loss and operating loss both increasing. Margins are getting squeezed, and the company is still far from profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $2.89M ▼ | $7.62M ▼ | $804.97K ▼ | $6.82M ▼ |
| Q2-2025 | $3.06M ▼ | $9.42M ▼ | $1.9M ▲ | $7.52M ▼ |
| Q1-2025 | $3.6M ▼ | $9.48M ▼ | $1.71M ▼ | $7.77M ▼ |
| Q4-2024 | $4.38M ▲ | $10.43M ▼ | $2.11M ▲ | $8.32M ▼ |
| Q3-2024 | $4.14M | $11M | $1.61M | $9.39M |
What's financially strong about this company?
The company holds a lot of cash, has very little debt, and can easily pay all its bills. Most assets are high quality and tangible, and working capital is managed efficiently.
What are the financial risks or weaknesses?
Total assets and equity are shrinking, and the company has a history of losses shown by negative retained earnings. Book value per share is down, which could worry investors if the trend continues.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-708.99K ▼ | $-1.23M ▼ | $990.45K ▲ | $34.19K ▲ | $-164.22K ▲ | $-1.24M ▼ |
| Q2-2025 | $-616.17K ▲ | $-737.91K ▲ | $-28.53K ▼ | $-1.03K ▼ | $-552.25K ▲ | $-759.37K ▲ |
| Q1-2025 | $-623.33K ▼ | $-824.07K ▼ | $-15.65K ▼ | $-860 ▼ | $-797.53K ▼ | $-833.12K ▼ |
| Q4-2024 | $-348.32K ▲ | $-54.32K ▲ | $485.68K ▲ | $139.61K ▲ | $240.21K ▲ | $-58.34K ▲ |
| Q3-2024 | $-1.35M | $-1.42M | $-221.94K | $-196.98K | $-1.28M | $-1.62M |
What's strong about this company's cash flow?
The company still has nearly $2.9 million in cash and no debt, so it isn't immediately at risk of running out of money. No dilution or new debt means existing shareholders aren't being diluted yet.
What are the cash flow concerns?
Cash burn from operations is rising fast, now over $1.2 million per quarter, and working capital is draining cash even more. If this continues, the company will need to raise money or cut spending soon.
Revenue by Geography
| Region | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|
INDONESIA | $0 ▲ | $0 ▲ | $0 ▲ |
MALAYSIA | $0 ▲ | $0 ▲ | $0 ▲ |
SINGAPORE | $0 ▲ | $0 ▲ | $0 ▲ |
SRI LANKA | $0 ▲ | $0 ▲ | $0 ▲ |
5-Year Trend Analysis
A comprehensive look at BioNexus Gene Lab Corp.'s financial evolution and strategic trajectory over the past five years.
Key strengths include a differentiated technology portfolio in early diagnostics and cancer monitoring, exclusive regional rights to an important MRD platform, and a strong focus on affordability in a large, underserved healthcare market. The company benefits from a secondary, more traditional chemicals business that can help support operations, and from a balance sheet that, while weakening, still carries low debt and reasonable liquidity. Partnerships in AI and therapeutics add optionality and broaden the potential opportunity set beyond diagnostics alone.
Major risks revolve around financial sustainability and execution. The company has experienced several years of declining revenue, shrinking margins, and deepening losses, leading to negative free cash flow and erosion of equity. Cash reserves are falling and liquidity ratios, while still comfortable, are moving down, increasing the importance of securing additional capital or quickly improving operations. Competitive and regulatory risks are also significant: large global players, evolving technologies, clinical validation requirements, and reimbursement hurdles could slow adoption or compress pricing. Recent reverse stock splits highlight the pressure the company has faced in public markets and hint at ongoing capital‑market sensitivity.
The outlook is that of a high‑potential but high‑risk transition story. Strategically, BGLC is pivoting from a relatively simple distribution business toward becoming a regional precision‑medicine and biotech player, with promising technologies and partnerships in its pipeline. Financially, however, the company is in a weak position, with negative earnings, heavy cash burn, and a shrinking buffer on the balance sheet. Future performance will depend heavily on its ability to stabilize and grow revenue, successfully launch and scale its key diagnostic platforms, manage costs, and maintain access to funding. Until there is clear evidence of commercial traction and improving cash generation, the path forward remains uncertain and execution‑dependent.
About BioNexus Gene Lab Corp.
https://www.bionexusgenelab.comBioNexus Gene Lab Corp., through its subsidiary, Chemrex Corporation Sdn. Bhd., engages in the wholesale of chemical raw material products in Malaysia, Indonesia, Vietnam, and other countries in Southeast Asia. Its chemical raw material products used to produce handrails, bench tops, automotive and aero parts, cleanroom panels, and instruments.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.54M ▲ | $1.08M ▲ | $-708.99K ▼ | -27.87% ▼ | $-0.39 ▼ | $-665.64K ▼ |
| Q2-2025 | $2.26M ▲ | $979.32K ▲ | $-616.17K ▲ | -27.26% ▲ | $-0.34 ▲ | $-569.56K ▼ |
| Q1-2025 | $2.14M ▼ | $961.91K ▲ | $-623.33K ▼ | -29.17% ▼ | $-0.35 ▼ | $-546.92K ▼ |
| Q4-2024 | $2.52M ▼ | $725.45K ▼ | $-348.32K ▲ | -13.8% ▲ | $-0.19 ▲ | $-373.2K ▲ |
| Q3-2024 | $2.63M | $1.66M | $-1.35M | -51.15% | $-0.75 | $-1.29M |
What's going well?
Sales are up 12% from last quarter, showing strong demand. Gross profit also improved slightly, and there are no big one-time charges distorting results.
What's concerning?
Losses are growing, with net loss and operating loss both increasing. Margins are getting squeezed, and the company is still far from profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $2.89M ▼ | $7.62M ▼ | $804.97K ▼ | $6.82M ▼ |
| Q2-2025 | $3.06M ▼ | $9.42M ▼ | $1.9M ▲ | $7.52M ▼ |
| Q1-2025 | $3.6M ▼ | $9.48M ▼ | $1.71M ▼ | $7.77M ▼ |
| Q4-2024 | $4.38M ▲ | $10.43M ▼ | $2.11M ▲ | $8.32M ▼ |
| Q3-2024 | $4.14M | $11M | $1.61M | $9.39M |
What's financially strong about this company?
The company holds a lot of cash, has very little debt, and can easily pay all its bills. Most assets are high quality and tangible, and working capital is managed efficiently.
What are the financial risks or weaknesses?
Total assets and equity are shrinking, and the company has a history of losses shown by negative retained earnings. Book value per share is down, which could worry investors if the trend continues.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-708.99K ▼ | $-1.23M ▼ | $990.45K ▲ | $34.19K ▲ | $-164.22K ▲ | $-1.24M ▼ |
| Q2-2025 | $-616.17K ▲ | $-737.91K ▲ | $-28.53K ▼ | $-1.03K ▼ | $-552.25K ▲ | $-759.37K ▲ |
| Q1-2025 | $-623.33K ▼ | $-824.07K ▼ | $-15.65K ▼ | $-860 ▼ | $-797.53K ▼ | $-833.12K ▼ |
| Q4-2024 | $-348.32K ▲ | $-54.32K ▲ | $485.68K ▲ | $139.61K ▲ | $240.21K ▲ | $-58.34K ▲ |
| Q3-2024 | $-1.35M | $-1.42M | $-221.94K | $-196.98K | $-1.28M | $-1.62M |
What's strong about this company's cash flow?
The company still has nearly $2.9 million in cash and no debt, so it isn't immediately at risk of running out of money. No dilution or new debt means existing shareholders aren't being diluted yet.
What are the cash flow concerns?
Cash burn from operations is rising fast, now over $1.2 million per quarter, and working capital is draining cash even more. If this continues, the company will need to raise money or cut spending soon.
Revenue by Geography
| Region | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|
INDONESIA | $0 ▲ | $0 ▲ | $0 ▲ |
MALAYSIA | $0 ▲ | $0 ▲ | $0 ▲ |
SINGAPORE | $0 ▲ | $0 ▲ | $0 ▲ |
SRI LANKA | $0 ▲ | $0 ▲ | $0 ▲ |
5-Year Trend Analysis
A comprehensive look at BioNexus Gene Lab Corp.'s financial evolution and strategic trajectory over the past five years.
Key strengths include a differentiated technology portfolio in early diagnostics and cancer monitoring, exclusive regional rights to an important MRD platform, and a strong focus on affordability in a large, underserved healthcare market. The company benefits from a secondary, more traditional chemicals business that can help support operations, and from a balance sheet that, while weakening, still carries low debt and reasonable liquidity. Partnerships in AI and therapeutics add optionality and broaden the potential opportunity set beyond diagnostics alone.
Major risks revolve around financial sustainability and execution. The company has experienced several years of declining revenue, shrinking margins, and deepening losses, leading to negative free cash flow and erosion of equity. Cash reserves are falling and liquidity ratios, while still comfortable, are moving down, increasing the importance of securing additional capital or quickly improving operations. Competitive and regulatory risks are also significant: large global players, evolving technologies, clinical validation requirements, and reimbursement hurdles could slow adoption or compress pricing. Recent reverse stock splits highlight the pressure the company has faced in public markets and hint at ongoing capital‑market sensitivity.
The outlook is that of a high‑potential but high‑risk transition story. Strategically, BGLC is pivoting from a relatively simple distribution business toward becoming a regional precision‑medicine and biotech player, with promising technologies and partnerships in its pipeline. Financially, however, the company is in a weak position, with negative earnings, heavy cash burn, and a shrinking buffer on the balance sheet. Future performance will depend heavily on its ability to stabilize and grow revenue, successfully launch and scale its key diagnostic platforms, manage costs, and maintain access to funding. Until there is clear evidence of commercial traction and improving cash generation, the path forward remains uncertain and execution‑dependent.

CEO
Su-Leng Tan
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-04-07 | Reverse | 1:10 |
| 2023-07-20 | Reverse | 1:12 |
Ratings Snapshot
Rating : C+

