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Scilex Holding Company

SCLX
Drug Manufacturers - General · Healthcare
Price
$8.44
-0.35 (-3.98%)
Market Cap
$71.7M
Exchange
NASDAQ
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+190.7% over 4y

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

Diluted shares outstanding: 3.8M (2021) → 11.0M (2025)

Scilex Holding Company, a biopharmaceutical company, focuses on developing and commercializing non-opioid management products for the treatment of acute and chronic pain. Its commercial product is ZTlido 1.8%, a prescription lidocaine topical product for the relief of neuropathic pain related with post-herpetic neuralgia, which is a form of post-shingles nerve pain. It also offers SP-102, a viscous gel formulation of corticosteroid for epidural injections that is in a Phase III clinical trial to

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

-67.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-143.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$21M/ year

Rising (+115% vs prior year)

68.5% of revenue

3.8x the sector average (18%)

Investing heavily in future products and technology

Insider Activity

17.6%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~1 months

$5M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Heavy R&D investment

Scilex Holding Company is putting 68% of revenue into R&D and that number is rising. That's 3.8x the sector average.

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
12.3%
Thin — 12.3% gross margin
Operating Margin
-782.0%
Losing money on operations — -782.0%
ROCE
N/A
Data not available

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Growth

Sales YoY
-46.5%
Shrinking sales (-46.5% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
9.3%
Modest free cash flow (9.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
N/A
Data not available
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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