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AIM ImmunoTech

AIM
16
Biotechnology · Healthcare
Price
$0.26
-0.02 (-5.86%)
Market Cap
$874,710
Exchange
New York Stock Exchange American
Winston Score
16
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+24.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.3M (2021) → 1.6M (2025)

AIM ImmunoTech is a small biotechnology company focused on developing drugs to treat serious diseases, including certain cancers and viral infections. Its main product candidate is Ampligen (rintatolimod), a drug designed to boost the immune system. The company is working to get Ampligen approved as a treatment for conditions like ME/CFS (chronic fatigue syndrome) and has explored its use against various cancers and viruses.

AIM ImmunoTech makes very little revenue and operates at a significant loss, funding itself primarily through stock offerings and grants rather than product sales. The company is based in Ocala, Florida, and operates almost entirely in the United States. Its financial metrics reflect a pre-commercial stage business with deeply negative margins. The central risk is that Ampligen has faced a long and difficult path through clinical trials and regulatory review, and the company's survival depends heavily on securing FDA approval or finding a larger partner to fund further development.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+37.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+63.9% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$4M/ year

Declining (-37% vs prior year)

>1,000% of revenue

247.7x the sector average (18%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

18.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

~6 months

$6M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Revenue accelerating

AIM ImmunoTech grew revenue 38% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
-113.6%
Thin — -113.6% gross margin
Operating Margin
-10118.2%
Losing money on operations — -10118.2%
ROCE
-35.1%
Weak — -35.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-35.6%
Shrinking sales (-35.6% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-12417.0%
Burning cash (-12417.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
1.98
Elevated debt (1.98)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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