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Sernova Biotherapeutics Inc operates as a clinical-stage biotechnology company in Canada. The company develops regenerative medicine therapeutics comprising proprietary Cell Pouch, a bio-hybrid organ system to replicate natural body functions. Its Cell Pouch creates vascularized organs for the longevity and functionality of therapeutic cells and ensures containment for retrievability. Sernova Biotherapeutics Inc was formerly known as Sernova Corp. and changed its name to Sernova Biotherapeutics Inc in February 2025. Sernova Biotherapeutics Inc is based in Mississauga, Canada.
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Sernova Corporation is a clinical-stage company developing the Cell Pouch System, an implanted, vascularized device designed to host therapeutic cells for chronic conditions such as insulin-dependent diabetes. Major long-term growth drivers include clinical trial progress and regulatory approvals, licensing or partnerships to commercialize the platform, and the ability to scale cell manufacturing and distribution. Investors may find the company attractive because the platform could support multiple cell therapies addressing large unmet needs in metabolic and endocrine diseases.
The most important investment risks are high clinical and regulatory uncertainty, substantial financing and execution requirements to complete development and scale manufacturing, competitive alternative cell-therapy approaches and diabetes treatments, and limited liquidity and disclosure typical of a small-cap OTC-listed firm.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Income before tax | -15.73M | -32.19M | -39.00M | -24.42M | -6.97M |
| Net income | -15.74M | -32.19M | -39.00M | -24.42M | -6.97M |
| Selling general administrative | 7.50M | 8.94M | 8.43M | 7.83M | 2.29M |
| Reconciled depreciation | 0.34M | 0.54M | 0.45M | 0.44M | 0.27M |
| Ebit | - | - | - | -24.75M | -6.94M |
| Ebitda | - | - | - | -23.86M | -6.64M |
| Operating income | -15.02M | -31.66M | -40.50M | -24.75M | -6.94M |
| Interest expense | 0.75M | 0.59M | 0.03M | 0.12M | 0.06M |
| Tax provision | 0.01M | 0.01M | 0.00M | - | - |
| Interest income | 0.03M | 0.39M | 1.50M | 0.58M | 0.07M |
| Net interest income | -0.73M | -0.20M | 1.47M | 0.46M | 0.01M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 15.02M | 31.66M | 40.50M | 24.75M | 6.94M |
| Total other income expense net | 0.02M | -0.32M | 0.04M | -0.13M | -0.04M |
| Net income from continuing ops | -15.74M | -32.19M | -39.00M | -24.42M | -6.97M |
| Net income applicable to common shares | - | - | - | -24.42M | -6.97M |
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Total assets | 0.76M | 7.53M | 22.11M | 52.48M | 29.82M |
| Intangible assets | - | - | - | 0.52M | 0.72M |
| Other current assets | 0.14M | 0.16M | 0.16M | - | - |
| Total liab | 25.84M | 20.48M | 9.59M | 4.88M | 1.75M |
| Total stockholder equity | -25.08M | -12.96M | 12.51M | 47.61M | 28.07M |
| Other current liab | 3.73M | - | - | - | 0.07M |
| Common stock | - | - | - | 110.99M | 74.01M |
| Capital stock | 118.70M | 116.68M | 110.99M | 110.99M | 74.01M |
| Retained earnings | -166.10M | -150.36M | -118.17M | -79.17M | -54.75M |
| Other assets | - | - | - | 0.22M | 0.21M |
| Cash | 0.27M | 6.01M | 8.72M | 3.78M | 27.87M |
| Total current liabilities | 24.80M | 20.02M | 9.59M | 4.74M | 1.48M |
| Net debt | 4.51M | - | - | - | - |
| Short long term debt | 3.73M | - | - | - | - |
| Other stockholder equity | - | - | - | 3.30M | 3.69M |
| Property plant equipment | - | - | - | 0.65M | 0.56M |
| Total current assets | 0.52M | 6.47M | 21.02M | 51.09M | 28.33M |
| Net tangible assets | - | - | - | 47.09M | 27.35M |
| Short term investments | - | 0.00M | 11.08M | 46.00M | - |
| Net receivables | - | - | - | 1.15M | 0.45M |
| Long term debt | 1.04M | - | - | - | - |
| Accounts payable | 5.16M | 17.24M | 6.85M | 3.61M | 0.38M |
| Non currrent assets other | - | - | - | - | 0.39M |
| Non current assets total | 0.24M | 1.06M | 1.08M | 1.39M | 1.49M |
| Capital lease obligations | 0.00M | 0.57M | 0.14M | 0.28M | 0.39M |
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Investments | 0.00M | 11.08M | 34.78M | -46.00M | -46.00M |
| Change to liabilities | - | - | - | 3.31M | 0.46M |
| Total cashflows from investing activities | - | - | - | -46.34M | -0.23M |
| Net borrowings | 4.82M | -0.17M | -0.17M | -0.17M | -0.03M |
| Total cash from financing activities | 5.14M | 5.07M | 0.50M | 36.66M | 31.00M |
| Change to operating activities | - | - | - | -0.16M | 0.14M |
| Net income | -15.74M | -32.19M | -39.00M | -24.42M | -6.97M |
| Change in cash | -5.75M | -2.71M | 4.95M | -24.10M | 23.92M |
| Begin period cash flow | 6.01M | 8.72M | 3.78M | 27.87M | 3.95M |
| End period cash flow | 0.27M | 6.01M | 8.72M | 3.78M | 27.87M |
| Total cash from operating activities | -10.91M | -18.90M | -30.34M | -14.42M | -6.84M |
| Issuance of capital stock | 0.25M | 4.96M | 0.00M | 20.28M | 21.13M |
| Depreciation | 0.34M | 0.54M | 0.45M | 0.44M | 0.27M |
| Other cashflows from investing activities | - | - | - | -0.01M | -0.21M |
| Change to account receivables | - | - | - | -0.20M | -0.09M |
| Other cashflows from financing activities | - | - | - | 0.28M | 3.47M |
| Change to netincome | - | - | - | 6.61M | -0.66M |
| Capital expenditures | 0.00M | 0.00M | 0.10M | 0.33M | 0.02M |
| Change in working capital | 1.74M | 11.16M | 4.99M | 2.95M | 0.52M |
| Stock based compensation | 2.30M | 1.75M | 3.90M | 7.45M | 0.22M |
| Other non cash items | 0.52M | -0.15M | -0.68M | -0.84M | -0.88M |
| Free cash flow | -10.91M | -18.90M | -30.44M | -14.75M | -6.86M |
Sector: Healthcare Industry: Biotechnology
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|
| SEOVF Sernova Corp |
- -% |
0.08 | - | - | - | 24.48 | -13.97 |
| NVO Novo Nordisk A/S |
0.01 0.02% |
40.31 | 41.58 | 31.15 | 2.13 | 32.99 | 4.70 |
| VRTX Vertex Pharmaceuticals Inc |
4.59 0.85% |
547.09 | 30.22 | 24.27 | 10.36 | 6.50 | 24.66 |
| REGN Regeneron Pharmaceuticals Inc |
1.45 0.16% |
904.35 | 29.07 | 20.12 | 7.57 | 3.82 | 19.42 |
| ARGNF argenx SE |
- -% |
900.30 | 45.77 | 31.25 | 13.84 | 7.12 | 36.06 |
Sernova Biotherapeutics Inc operates as a clinical-stage biotechnology company in Canada. The company develops regenerative medicine therapeutics comprising proprietary Cell Pouch, a bio-hybrid organ system to replicate natural body functions. Its Cell Pouch creates vascularized organs for the longevity and functionality of therapeutic cells and ensures containment for retrievability. Sernova Biotherapeutics Inc was formerly known as Sernova Corp. and changed its name to Sernova Biotherapeutics Inc in February 2025. Sernova Biotherapeutics Inc is based in Mississauga, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Frank A. Holler MBA | Exec. Chairman | 1957 |
| Dr. Philip M. Toleikis B.A., M.Sc., Ph.D. | Pres, CEO & Director | NA |
| Mr. David Swetlow C.A, C.A., CPA | Chief Financial Officer | NA |
| Mr. Douglas Maret | Chief Science Officer | NA |
| Mr. Christopher Barnes | VP of Investor Relations | NA |
| Mr. Jonathan M. N. Rigby M.B.A. | President, CEO & Director | 1968 |
| Mr. James T. Parsons CPA-CA, MAcc | Chief Financial Officer | 1965 |
| Ms. Marylyn Rigby | Chief Communications Officer | NA |
| Dr. Pericles Calias Ph.D. | Chief Development Officer and Head of R&D | 1968 |
| Mr. David Burke | Vice President of Investor Relations | NA |
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