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Statera Biopharma, Inc.

staterabiopharma.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 14, 2022. Its latest SEC filing is a 25-NSE from Mar 3, 2023.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Develops immune-based drug candidates for patients with immune disorders, infections and cancers, and provides preclinical research services to pharmaceutical developers.

How Did They Make Money?

Customers pay a fixed fee for preclinical research projects; Statera is paid when it delivers the final report.

FY2021 revenue

Who Were Their Customers?

ImQuest provides preclinical research services to customers assessing pharmaceutical products; one ImQuest employee is devoted to marketing and sales of those services.

Did Revenues Turn Into Profits?

No. It lost $101.9M in FY2021.

Operating income, FY2021
−6613% of revenue
▲ +836% (Loss) vs FY2020 (−$10.5M)
Net income, FY2021
−6849% of revenue
▲ +742% (Loss) vs FY2020 (−$12.1M)
Free cash flow, FY2021
−1908% of revenue
▲ +457% (Loss) vs FY2020 (−$5.1M)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q3 FY2022, the three months to Sep 30, 2022
Revenue
▲ +183%
vs $236.5K in Q3 FY2021
Net income
▼ −74% (Loss)
vs −$12.7M in Q3 FY2021
  • Jan 20, 2023 Nasdaq delisted the company's common stock Trading moved to OTC Pink Open Market under STAB; the company said it planned to appeal.

Broader pipeline and research services The older report centered on entolimod as a radiation countermeasure, while the latest describes a broader immunotherapy pipeline for immune disorders, infections and cancers, alongside ImQuest's preclinical research services.

Who Did They Compete With?

Competes with Amgen, Sanofi-Aventis, J&J, Partner therapeutics, Aeolus Pharmaceuticals, Araim Pharmaceuticals, Cellerant Therapeutics, Humanetics, Neumedicines, Pluristem Therapeutics, RxBio, and Soligenix

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