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Companies $ONCO
$0.49 +$0.02 (4.07%) Pre-market
Onconetix Inc logo

Onconetix Inc

onconetix.com

What Do They Do?

Sells Proclarix, a blood-based prostate cancer test, to laboratories, hospitals and medical centers.

How Do They Make Money?

Customers buy diagnostic products, with the sale completed when the product is transferred to them. The company bills life-sciences customers for testing and assay-development work as projects proceed, and receives license payments when rights are transferred, with royalties tied to later product sales.

FY2025 revenue

Who Are Their Customers?

Proclarix is sold directly to laboratories, hospitals and medical centers, and also through distributors. The company describes pursuing collaboration access to integrated diagnostic systems and using commercial laboratory networks to reach physicians.

Do Revenues Turn Into Profits?

No. It lost $14M in FY2025.

Operating income, FY2025
−2190% of revenue
▼ −68% (Loss) vs FY2024 (−$56.5M, −2238%)
Net income, FY2025
−1721% of revenue
▼ −76% (Loss) vs FY2024 (−$58.7M, −2325%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −84%
vs $106.5K in Q2 FY2025
Net income
▲ +21% (Loss)
vs −$2.4M in Q2 FY2025
  • Sep 11, 2026 Onconetix agreed to lend up to $5.0 million to acquisition target Realbotix It advanced $2.5 million; the note will be canceled if the pending share exchange closes.
  • Apr 24, 2026 Sammy Dorf became chairman after Andrew Oakley resigned
  • Mar 24, 2026 David White was appointed chief executive officer

Vaccines to prostate diagnostics The older report described a vaccine research and development business with licensed vaccine candidates and potential licensing partners. The latest report centers on commercializing Proclarix, a blood test for prostate cancer.

Who Do They Compete With?

Competes with Abbott Laboratories, Roche Diagnostics, Siemens Healthineers, Beckman Coulter, OPKO Health, Cleveland Diagnostics, Gen-Probe, Hologic, MdxHealth, Exosome Diagnostics, Bio-Techne, and A3P Biomedical

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