WinstonWınston
Optimi Health logo

Optimi Health

OPTH
27
Drug Manufacturers - Specialty & Generic · Healthcare
Price
$5.01
+0.05 (+1.01%)
Market Cap
$16.1M
Exchange
NASDAQ Capital Market
Winston Score
27
Winston is worried
Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+37.4% over 4y

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

Diluted shares outstanding: 2.3M (2021) → 3.2M (2025)

Optimi Health Corp. is a Canadian company that grows and manufactures psilocybin and MDMA — substances being studied as potential treatments for mental health conditions like depression and PTSD. It produces these compounds in a regulated facility in British Columbia, supplying researchers, licensed therapists, and clinical trial programs. The company operates in the emerging psychedelic medicine space, which is still in early regulatory development in most countries.

Optimi makes money by selling its manufactured compounds to authorized buyers under Health Canada's special access and research frameworks. It is a very small company with essentially no meaningful revenue yet, and its deeply negative margins reflect the high cost of building out production while sales remain minimal. The key growth driver is regulatory progress — if psilocybin or MDMA gain broader medical approval in Canada or the United States, demand for licensed, pharmaceutical-grade supply could grow significantly, but regulatory delays or rejection remain the central risk to the business.

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

+62.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-716.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$348,190/ year

Rising (+141% vs prior year)

81.6% of revenue

4.5x the sector average (18%)

Investing heavily in future products and technology

Insider Activity

25.8%ownership

Insiders own a meaningful stake in the company

Cash Runway

~1 months

$106,711 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Optimi Health grew revenue 62% 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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
89.9%
Premium pricing power — 89.9% gross margin
Operating Margin
-1363.7%
Losing money on operations — -1363.7%
ROCE
-13.7%
Weak — -13.7% return on capital

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY
+10.7%
Steady sales growth (10.7% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-936.3%
Burning cash (-936.3%)

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity
1.81
Elevated debt (1.81)
Interest Cover
N/A
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial