FENC

Fennec Pharmaceuticals Inc. Health Care Biological Products, (No Diagnostic Substances) Russell 3000
$10.24Close $349.8MMarket cap $5.77 – $12.7852-week range Nov 12, 2026Next report

Highlights

Strengths

  • Leading the market RS 81 · stronger than 81% of stocks over 12 months
  • Volume drying up last 10 days 35% under the 50-day average

Cautions

  • Trend not confirmed 7 of 8 conditions · under the 50-day
  • Results soon Nov 12, 2026, in 11 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 13, 2026
Off 12-month high 20%
1wk up 1.6% price change
1mo down 3.8% price change
12-month return up 23% market up 11% · its own up 10%
F-score — — Not assessed
Altman Z 2.73 Moderate risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 9.9× price / book
Earnings yield down 2.0% EBIT / enterprise value
Cheaper than 16% of the market · expensive
Revenue growth down 6% year on year
EPS growth — latest quarter
Sales growth up 85% latest quarter · +13 pts
ROE down 27461% return on equity
Free cash margin down 28% -$12.5M FCF
D/E — long-term debt / equity
Net debt / EBITDA —
Interest cover Lossoperating loss

Trade setup

ATR% 5.3% $0.54 a day · 2×ATR $9.16
RS 81 / 99 vs the universe
Trend 7 / 8 under the 50-day
Relative volume 1.1× vs 50-day average
Up/down volume 0.99 50 sessions
Implied move — no option chain · report Nov 12, 2026
Trend template · 7 of 8
  • Price above the 50-day average: fails

Screen verdict

Did not qualify for any screen.

Warning signs

3 flagged
  • Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
  • Shareholders diluted The share count rose 24.1% over the year, from 28m to 34m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
  • Revenue shrinking Revenue fell 6.1% over the year, from $47.5M to $44.6M.
Last reported Mar 24, 2026

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $44.6M -6% on FY2024
$0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $200,000 FY2021 FY2022 · $1.5M FY2023 · $21.3M FY2024 · $47.5M FY2025 · $44.6M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$9.7B
-$20B $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$18.1M FY2021 · -$17.3M FY2022 · -$23.7M FY2023 · -$16.0B FY2024 · -$436.0M FY2025 · -$9.7B
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$12.5M down to a loss
-$20M $0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$15.6M FY2021 · -$14.2M FY2022 · -$18.1M FY2023 · -$17.1M FY2024 · $27.0M FY2025 · -$12.5M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross
  • Net -21820%
  • Free cash -28%
-100000% 0% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net -9054% · Free cash -7797% FY2021 FY2022 · Gross 94% · Net -1545% · Free cash -1176% FY2023 · Gross 94% · Net -75499% · Free cash -81% FY2024 · Net -917% · Free cash 57% FY2025 · Net -21820% · Free cash -28%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $30.3M FY2021 · Cash $21.1M · Long-term debt $5.0M FY2022 · Cash $23.8M · Long-term debt $24.9M FY2023 · Cash $13.3M · Long-term debt $30.9M FY2024 · Cash $26.6M · Long-term debt $19.3M FY2025 · Cash $36.8M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 34.16m +31.4% since FY2020
34.16m 26m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 26m FY2021 · 26.01m FY2022 · 26.36m FY2023 · 27.03m FY2024 · 27.53m FY2025 · 34.16m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $200,000 — $1.5M $21.3M $47.5M $44.6M
Gross margin — — 94% 94% — —
Operating income -$17.9M -$17.2M -$22.6M -$12.8M $2.6M -$6.3M
Net income -$18.1M -$17.3M -$23.7M -$16.0B -$436.0M -$9.7B
Net margin -9054% — -1545% -75499% -917% -21820%
Earnings per share -$763.96 -$0.67 -$0.90 -$603.79 -$15.97 -$340.87
Free cash flow -$15.6M -$14.2M -$18.1M -$17.1M $27.0M -$12.5M
Free cash margin -7797% — -1176% -81% 57% -28%
Cash $30.3M $21.1M $23.8M $13.3M $26.6M $36.8M
Long-term debt — $5.0M $24.9M $30.9M $19.3M —
Shareholders' equity $29.1M $15.8M -$2.6M -$11.6M -$5.9M $35.5M
Shares outstanding 26m 26.01m 26.36m 27.03m 27.53m 34.16m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 13, 2026 Quarterly ↗ Jun 30, 2026 44d
May 14, 2026 Quarterly ↗ Mar 31, 2026 44d
Mar 27, 2026 Annual ↗ Dec 31, 2025 86d
Nov 13, 2025 Quarterly ↗ Sep 30, 2025 44d
Aug 14, 2025 Quarterly ↗ Jun 30, 2025 45d
May 14, 2025 Quarterly ↗ Mar 31, 2025 44d
Mar 26, 2025 Annual ↗ Dec 31, 2024 85d
Nov 8, 2024 Quarterly ↗ Sep 30, 2024 39d
Aug 13, 2024 Quarterly ↗ Jun 30, 2024 44d
May 14, 2024 Quarterly ↗ Mar 31, 2024 44d
Mar 29, 2024 Annual ↗ Dec 31, 2023 89d
Nov 9, 2023 Quarterly ↗ Sep 30, 2023 40d

Current reports

FiledDisclosed
Sep 17, 2026 Other events ↗
Jun 10, 2026 Shareholder vote ↗
May 22, 2026 Other events ↗
May 18, 2026 Director or officer change ↗
Apr 28, 2026 Director or officer change ↗
Apr 22, 2026 Other events ↗
Apr 7, 2026 Other events ↗
Mar 24, 2026 Results ↗
Mar 16, 2026 Other events ↗
Mar 4, 2026 Other events ↗
Feb 20, 2026 Other events ↗
Dec 9, 2025 Other events ↗