ACTUHIGH SIGNALFINANCIAL10-K

ACTU shows dramatic financial improvement with stockholders' equity surging 7,506% from $104K to $7.9M, likely driven by equity financing that significantly strengthened the balance sheet.

This massive increase in stockholders' equity combined with substantial cash growth suggests a major capital raise that has transformed the company's financial position. The improved financial metrics across the board - reduced losses, lower liabilities, and stronger cash position - indicate ACTU has successfully addressed previous liquidity concerns and now has runway to execute its clinical programs.

Comparing 2026-03-26 vs 2025-03-13View on EDGAR →
FINANCIAL ANALYSIS

ACTU experienced a dramatic financial transformation with stockholders' equity exploding from $104K to $7.9M (+7,506%) while cash increased 52% to $13.2M, indicating a significant equity financing event. Operating performance improved meaningfully with net losses narrowing 19% to -$22.2M and R&D expenses declining 45% to $10.3M, while current liabilities dropped 35%. The overall picture signals a company that has successfully recapitalized and improved operational efficiency, providing substantial runway for its clinical-stage biopharmaceutical operations.

FINANCIAL STATEMENT CHANGES
Stockholders Equity
Balance Sheet
+7505.6%
$104K$7.9M

Equity base grew 7505.6% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Cash & Equivalents
Balance Sheet
+52.3%
$8.6M$13.2M

Cash position surged 52.3% — strong cash generation or capital raise providing significant financial cushion.

Total Assets
Balance Sheet
+50.6%
$9.3M$14.0M

Asset base grew 50.6% — expansion through organic growth, acquisitions, or capital deployment.

Current Assets
Balance Sheet
+48.2%
$9.2M$13.6M

Current assets grew 48.2% — improving short-term liquidity or inventory/receivables build.

R&D Expense
P&L
-44.9%
$18.7M$10.3M

R&D spending cut 44.9% — could signal cost discipline or concerning reduction in innovation investment.

Current Liabilities
Balance Sheet
-35.2%
$8.8M$5.7M

Current liabilities reduced — improved short-term financial position and working capital health.

Total Liabilities
Balance Sheet
-33.7%
$9.2M$6.1M

Liabilities reduced 33.7% — deleveraging improves balance sheet strength and financial flexibility.

Net Income
P&L
+18.5%
-$27.3M-$22.2M

Net income grew 18.5% — bottom-line growth signals improving overall business health.

Operating Cash Flow
Cash Flow
+12.1%
-$21.8M-$19.2M

Operating cash flow grew 12.1% — strong conversion of earnings to cash, healthy business fundamentals.

Operating Income
P&L
+10.6%
-$25.2M-$22.5M

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

LANGUAGE CHANGES
NEW — 2026-03-26
PRIOR — 2025-03-13
ADDED
Shares of common stock held by each officer and director and by each person who is known to own 10% or more of the outstanding common stock have been excluded in that such persons may be deemed to be affiliates of the registrant.
This determination of affiliate status is not necessarily a conclusive determination for other purposes.
The forward-looking statements in this Report include, but are not limited to, statements concerning the following: our expectations for the results of our ongoing Phase 2 clinical trial of elraglusib for the treatment of mPDAC; our plans to meet with the U.S.
These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those summarized under the heading Risk Factor Summary and discussed further under the heading Risk Factors in this Report.
ii RISK FACTOR SUMMARY The following is a summary of the key risks and uncertainties that make an investment in our securities speculative and risky.
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REMOVED
The registrant has elected to use August 30, 2024 as the calculation date because, as on June 28, 2024 (the last business day of the registrant s most recently completed second fiscal quarter) the registrant was a privately held company until its initial public offering in August 2024.
On March 10 , 2025, 19,531,636 shares of common stock, $0.000001 par value per share, were outstanding.
In addition, from time to time, we or our representatives have made or will make forward-looking statements.
The forward-looking statements involve substantial risks and uncertainties.
In addition, any forward-looking statements are qualified in their entirety by reference to the factors summarized under the heading Risk Factor Summary and discussed further under the heading Risk Factors in this Report.
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