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Nutriband

NTRB
25
Biotechnology · Healthcare
Price
$3.08
-0.12 (-3.61%)
pre-market:$3.16+2.76%
Market Cap
$37.4M
Exchange
NASDAQ Capital Market
Winston Score
25
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 13, 2026 · filings through Apr 30, 2026

Share count rising — dilution

+46.7% over 4y

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

Diluted shares outstanding: 7.9M (2022) → 11.6M (2026)

Nutriband Inc. is a small biotechnology company that develops drug-delivery patches — thin strips worn on the skin that release medicine into the body. Its main focus is a product called AVERSA, an abuse-deterrent fentanyl patch designed to make it harder for people to misuse the powerful painkiller. The company sells to the pharmaceutical and healthcare markets, targeting patients who need strong pain relief while addressing the opioid crisis.

Nutriband earns money by developing and licensing its patch technology, though it currently generates very little revenue and spends far more than it takes in — reflected in its deeply negative operating margin. The company operates primarily in the United States and is very small, with a market cap under $100 million. Its main competitive edge depends on FDA approval of AVERSA, which remains the central risk: without regulatory clearance, the company has no major commercial product and continues to burn through cash.

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

-37.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+84.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$2M/ year

Declining (-39% vs prior year)

92.9% of revenue

5.2x the sector average (18%)

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

Insider Activity

56.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~19 months

$5M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Revenue declining

Nutriband's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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

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Quality

Gross Margin
45.4%
Healthy — 45.4% gross margin
Operating Margin
-289.4%
Losing money on operations — -289.4%
ROCE
-20.3%
Weak — -20.3% return on capital

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

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Growth

Sales YoY
-24.8%
Shrinking sales (-24.8% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-242.2%
Burning cash (-242.2%)

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

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Stability

Debt / Equity
0.03
Conservative — low debt load (0.03)
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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