SLRX - Salarius Pharmaceut... Stock Analysis | Stock Taper
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Salarius Pharmaceuticals, Inc.

SLRX

Salarius Pharmaceuticals, Inc. NASDAQ
$0.84 29.23% (+0.19)

Market Cap $4.92 M
52w High $52.95
52w Low $0.52
P/E -0.03
Volume 5.96M
Outstanding Shares 5.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $894.02K $-873.47K 0% $-1.81 $-872.36K
Q2-2025 $0 $965.57K $-957.83K 0% $-6.75 $-964.46K
Q1-2025 $0 $1.72M $-1.71M 0% $-15.45 $-1.72M
Q4-2024 $0 $1.49M $-1.46M 0% $-22.8 $-1.49M
Q3-2024 $0 $1.01M $-972.12K 0% $-11.4 $-1.01M

What's going well?

The company reduced its losses this quarter, mainly by cutting R&D and other expenses. Interest income helped offset some of the loss. No debt or interest expense is a positive.

What's concerning?

There is still no revenue at all, and the company is burning cash with high overhead. Massive share dilution hurts existing shareholders and signals a need for more funding.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.81M $6.1M $1.85M $4.25M
Q2-2025 $794.89K $1.39M $2.22M $-829.72K
Q1-2025 $1.8M $2.34M $2.28M $61.87K
Q4-2024 $2.43M $3.02M $1.51M $1.51M
Q3-2024 $3.28M $3.86M $934.58K $2.92M

What's financially strong about this company?

The company now has no debt, a strong cash cushion, and enough current assets to easily cover all short-term bills. The shift to positive equity and high liquidity means it is much more stable than last quarter.

What are the financial risks or weaknesses?

Despite the turnaround, the company has a history of heavy losses (retained losses of $85 million). There are no tangible assets or investments beyond cash, and the improvement may be due to a one-time event.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-873.47K $-1.65M $-200K $5.86M $4.01M $-1.65M
Q2-2025 $-957.83K $-862.3K $0 $-141.2K $-1M $-862.3K
Q1-2025 $-1.71M $-1.18M $0 $545.57K $-636.15K $-1.18M
Q4-2024 $-1.46M $-742.52K $0 $-106.98K $-849.5K $-742.52K
Q3-2024 $-972.12K $-1.36M $0 $1.37M $11.21K $-1.36M

What's strong about this company's cash flow?

The company managed to raise enough outside cash to boost its balance to $4.8 million, giving it a temporary cushion. No new debt or shareholder dilution this quarter.

What are the cash flow concerns?

The business is burning cash at an increasing rate, with operating losses and negative free cash flow nearly doubling. It relies entirely on outside funding to survive, and working capital changes are draining cash.

Revenue by Products

Product Q1-2021Q1-2024Q2-2024Q3-2024
Grant
Grant
$0 $0 $0 $0
Grant CastrationResistant Prostate Study
Grant CastrationResistant Prostate Study
$0 $0 $0 $0

Q2 2022 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at Salarius Pharmaceuticals, Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Key strengths include a significantly refocused strategy built around a modern AI‑driven discovery platform, external validation and non‑dilutive support from respected public‑health and technology organizations, low levels of traditional debt, and recent improvements in operating losses and cash burn through tighter cost control. The combination of antiviral and oncology applications offers diversified scientific opportunities if the platform proves effective.

! Risks

Major risks stem from the absence of revenue, a long history of losses, and a sharply weakened balance sheet with a much smaller cash cushion and equity base than in prior years. The company is highly dependent on raising additional capital or securing sizable partnerships, which could be challenging and potentially dilutive. Scientific, clinical, and regulatory risks are substantial given the early stage of most programs, and competition from better‑capitalized pharma and AI‑driven biotech peers is intense.

Outlook

The outlook is highly uncertain and hinges on two parallel tracks: financial survival and scientific execution. In the near term, the company’s priority will be extending its cash runway and funding development of its lead antiviral and oncology programs. Over the longer term, if the IMP³ACT platform can reliably generate differentiated candidates and attract strong partners, the business could evolve from a distressed, pre‑revenue biotech into a credible platform company. Until there is clearer evidence of clinical progress and sustainable funding, however, the risk profile remains elevated and the path forward remains speculative.