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PharmaCyte Biotech, Inc.
PMCBCIK 0001157075NasdaqNon-AcceleratedSmaller ReportingBiological Products, (No Diagnostic Substances)NevadaFY ends Apr 30
Period
FY 2025
Revenue
$0
Net Income
$30.66M
Total Assets
$55.17M
Equity
$51.89M
Shares Out
10.74M
Op. Cash Flow
$-2.98M
Business
PharmaCyte Biotech, Inc. develops cellular therapies for cancer using its proprietary cellulose-based live cell encapsulation platform, Cell-in-a-Box®. Its main product candidates include CypCaps™, encapsulated genetically engineered human cells intended to locally convert chemotherapy prodrugs into active cancer-killing agents, and associated prodrug/activator therapy approaches for locally advanced pancreatic cancer. Key business activities center on preclinical and clinical development programs, regulatory interactions, and collaborations and manufacturing arrangements with SG Austria/Austrianova. The company operates globally and pursues regulatory approvals and clinical trials primarily through the U.S. FDA and comparable foreign regulatory authorities, with delivery intended via interventional radiology procedures and clinical centers.
Summary from filing dated 2025-08-11
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and development costs | 438,416 | 407,431 | 468,536 | 690,937 | 916,249 | |
| Intangible asset impairment | 0 | 2 | 0 | — | — | |
| General and administrative | 4 | 6 | 1 | 1 | 418,145 | |
| Total operating expenses | 4 | 9 | 6 | 4 | 4 | |
| Loss from operations | −4 | −9 | −6 | −4 | −4 | |
| Interest income | 1 | 3 | 2 | 157,645 | 0 | |
| Change in fair value of warrant liability | 10 | 3 | 0 | — | — | |
| Change in fair value of derivative liability | 2 | 586,000 | 0 | — | — | |
| Change in fair value of convertible note receivable Femasys | 941,000 | 1 | 0 | — | — | |
| Change in fair value of warrant asset Femasys | −2 | 2 | — | — | — | |
| Change in fair value of investment TNF | 5 | 0 | — | — | — | |
| Change in fair value of warrant assets - TNF | −2 | 0 | — | — | — | |
| Gain on investment in preferred stock TNF | 21 | 0 | — | — | — | |
| Unrealized gain on marketable securities | 66,316 | 0 | — | — | — | |
| Loss on legal settlement | −2 | 0 | — | — | — | |
| Loss on long term asset | 0 | −2 | 0 | — | — | |
| Other income (expense), net | −965 | 191,145 | 202,002 | −4,283 | 71,745 | |
| Total other income (expense), net | 35 | 9 | 2 | 152,853 | 71,745 | |
| Income tax benefit (expense) | 0 | 0 | — | — | — | |
| Net income | 31 | 333,763 | −4 | −4 | −4 | |
| Preferred stock dividends | −1 | −3 | 0 | — | — | |
| Undistributed income to Series B convertible preferred stock | −3 | — | — | — | — | |
| Preferred stock accretion | −3 | −15 | 0 | — | — | |
| Net income (loss) attributable to common stockholders | 23 | −17 | −4 | — | — | |
| Basic income (loss) per share attributable to common stockholders | 3.19 | −1.8 | −0.22 | −0.27 | −2.45 | |
| Diluted income (loss) per share attributable to common stockholders | 3.19 | −1.8 | −0.22 | −0.27 | −2.45 | |
| Weighted average shares outstanding basic | 7 | 10 | 19 | 16 | 1 | |
| Weighted average shares outstanding diluted | 7 | 10 | 19 | 16 | 1 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 15 | 50 | 68 | 85 | — | |
| Marketable equity securities | 366,316 | 0 | — | — | — | |
| Warrant asset TNF - current | 3 | 0 | — | — | — | |
| Convertible Note receivable Femasys - current | 4 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 223,759 | 259,800 | 107,681 | 94,172 | 73,131 | |
| Total current assets | 22 | 50 | 68 | 85 | 2 | |
| Intangible assets | 2 | 2 | 4 | 4 | — | |
| Investment in preferred stock TNF | 22 | 0 | — | — | — | |
| Warrant assets TNF - non current | 6 | 0 | — | — | — | |
| Convertible note receivable Femasys - non current | 0 | 3 | — | — | — | |
| Warrant assets - Femasys | 3 | 5 | — | — | — | |
| Other assets | 7,688 | 7,688 | 7,688 | 7,688 | 7,372 | |
| Total other assets | 33 | 9 | 5 | 5 | 5 | |
| Total Assets | 55 | 60 | 73 | 91 | 7 | |
| Accounts payable | 399,204 | 389,369 | 128,281 | 205,361 | 172,261 | |
| Accrued expenses | 3 | 735,199 | 458,300 | 499,009 | 552,517 | |
| Accrued Series B convertible preferred stock redemption and dividends payable | 0 | 6 | 0 | — | — | |
| Total current liabilities | 3 | 7 | 586,581 | 704,370 | 724,778 | |
| Long-term portion of accrued expenses | 25,000 | 0 | — | — | — | |
| Warrant liability | 338,000 | 11 | 0 | — | — | |
| Derivative liability | 0 | 2 | 0 | — | — | |
| Total other liabilities | 363,000 | 13 | 0 | — | — | |
| Total Liabilities | 3 | 20 | 586,581 | 704,370 | 724,778 | |
| Commitments and Contingencies (Note 9) | — | — | — | — | — | |
| Preferred stock value | 0 | 0 | 0 | — | — | |
| Common stock, authorized: 200,000,000 shares, $0.0001 par value; shares issued 21,672,095, shares outstanding 6,795,779 as of April 30, 2025, and shares issued 21,672,078, shares outstanding 8,037,624 as of April 30, 2024 | 2,167 | 2,167 | 2,160 | 2,072 | 159 | |
| Additional paid-in capital | 181 | 185 | 202 | 202 | 114 | |
| Accumulated deficit | −85 | −116 | −116 | −112 | −107 | |
| Treasury stock, at cost, 14,876,316 and 13,634,454 shares as of April 30, 2025, and 2024, respectively | −45 | −42 | −14 | 0 | — | |
| Accumulated other comprehensive loss | −23,869 | −23,511 | −23,003 | −15,757 | −20,382 | |
| Total stockholders' equity | 52 | 28 | 73 | 90 | 7 | |
| Total Liabilities, Convertible Preferred Stock and Stockholders' Equity | 55 | 60 | 73 | 91 | 7 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Non-cash interest income | −300,000 | 0 | — | — | — | |
| Non-cash warrant liability | 469,000 | 0 | — | — | — | |
| Other non-cash income | 0 | −195,000 | 171,744 | — | — | |
| Stock-based compensation | 478,637 | 674,693 | 7,334 | 33,146 | 194,261 | |
| Change in fair value of convertible note receivable - Femasys | −941,000 | −1 | — | — | — | |
| (Increase) decrease in prepaid expenses and other current assets | 36,041 | −152,119 | −13,509 | −21,041 | 69,653 | |
| Increase in accounts payable | 9,835 | 261,090 | −242,948 | — | — | |
| Increase in accrued expenses | 1 | 189,923 | −40,709 | — | — | |
| Net cash used in operating activities | −3 | −2 | −4 | −4 | −3 | |
| Investment in preferred stock and warrants | −7 | 0 | — | — | — | |
| Investment convertible note receivable and warrants | 0 | −5 | — | — | — | |
| Net cash used in investing activities | −7 | −5 | 0 | 0 | 0 | |
| Repurchase of common stock, net | −3 | −28 | −14 | 0 | — | |
| Proceeds from issuance of preferred stock, net of transaction costs | 0 | 34 | 0 | — | 0 | |
| Redemption of preferred stock | −22 | −16 | 0 | — | — | |
| Proceeds from warrant exercise | 0 | 70 | 880 | 0 | — | |
| Net cash used in financing activities | −25 | −11 | −14 | 87 | 5 | |
| Effect of currency rate exchange on cash and cash equivalents | −358 | −508 | −7,246 | 4,625 | — | |
| Net decrease in cash and cash equivalents | −35 | −18 | −17 | 83 | 1 | |
| Cash paid during the year for income taxes | 0 | 1,600 | 0 | 1,600 | 800 | |
| Non-cash derivative liability at initial fair value | 0 | 3 | 0 | — | — | |
| Non-cash warrant liability at initial fair value | 0 | 14 | 0 | — | — | |
| Accrued Series B Convertible Preferred Stock dividends | — | 22 | — | — | — | |
| Series B Convertible Preferred stock dividends | 1 | 0 | — | — | — | |
| Excise tax accrued on repurchase of common stock | 25,424 | 281,976 | 0 | — | — |
Filings
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