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1. Company Snapshot

1.a. Company Description

Biora Therapeutics, Inc., a biotechnology company, engages in developing oral biotherapeutics.The company's targeted therapeutics program uses an ingestible smart capsule for targeted delivery of therapeutics in the gastrointestinal (GI) tract to enhance the treatment of inflammatory bowel diseases; and systemic therapeutics program uses an ingestible capsule for needle-free delivery of biotherapeutics directly into the intestinal mucosa for enhanced systemic uptake.It is also developing diagnostics devices to help characterize the GI tract and diagnose GI diseases, such as small intestine bacterial overgrowth through the development of various technologies to diagnose at the site of the disease.


The company was formerly known as Progenity, Inc.and changed its name to Biora Therapeutics, Inc.in April 2022 to reflect its focus on its therapeutics pipeline.


Biora Therapeutics, Inc.was founded in 2010 and is headquartered in San Diego, California.

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1.b. Last Insights on BIOR

Biora Therapeutics' recent performance was negatively driven by the company's $3 million registered direct offering, priced at-the-market under Nasdaq rules, which may have diluted shareholder value. Additionally, the company's announcement to issue unregistered warrants to purchase up to 745,342 shares of common stock, exercisable upon issuance and expiring five years following issuance, may have raised concerns among investors. Furthermore, the company's testing in advanced animal models for its smaller BioJet device with largest capacity of any ingestible injectable, planned for Q4, may have been met with skepticism, as it may not yield the desired results.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Biora Therapeutics Provides Corporate Update and Reports Third Quarter 2024 Financial Results

Nov -14

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Biora Therapeutics to Report Third Quarter 2024 Financial Results and Provide Corporate Update

Nov -07

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Biora Therapeutics Announces $3 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

Oct -29

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Biora Therapeutics Shares Progress on Smaller BioJet™ Clinical Device with Largest Payload of any Ingestible Injectable at the 14th Annual PODD Meeting

Oct -28

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Biora Therapeutics to Present at H.C. Wainwright 26th Annual Global Investment Conference

Aug -26

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Biora Therapeutics, Inc. (BIOR) Q2 2024 Earnings Call Transcript

Aug -12

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Biora Therapeutics Provides Corporate Update and Reports Second Quarter 2024 Financial Results

Aug -12

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Biora Therapeutics Announces Funding Agreement with Existing Investors

Aug -12

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (0.00%)

6. Segments

Molecular Testing Products

Expected Growth: 15.4%

Growing demand for non-invasive cancer diagnostics, increasing adoption of precision medicine, and advancements in gut-derived biomarkers drive the growth of Molecular Testing Products from Biora Therapeutics, Inc.

7. Detailed Products

Biora's Bioelectronic Medicine Platform

A minimally invasive, implantable device that uses bioelectronic medicine to treat various diseases and conditions, such as inflammatory bowel disease, rheumatoid arthritis, and others.

Neurostimulation Therapy

A non-pharmacological approach that uses electrical impulses to modulate the nervous system and treat various conditions, such as chronic pain, inflammatory bowel disease, and others.

Bioelectronic Devices

Implantable devices that use bioelectronic medicine to treat various diseases and conditions, such as inflammatory bowel disease, rheumatoid arthritis, and others.

Neuroinflammation Therapies

Therapies that target neuroinflammation to treat various diseases and conditions, such as multiple sclerosis, Alzheimer's disease, and others.

8. Biora Therapeutics, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Biora Therapeutics, Inc. has a low threat of substitutes due to its unique and patented technology in the field of bioelectronic medicine.

Bargaining Power Of Customers

The bargaining power of customers is moderate, as Biora Therapeutics, Inc. has a diverse customer base, but some large customers may have significant negotiating power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low, as Biora Therapeutics, Inc. has a diverse supplier base and is not heavily dependent on any single supplier.

Threat Of New Entrants

The threat of new entrants is high, as the bioelectronic medicine industry is rapidly growing and attracting new entrants with innovative technologies.

Intensity Of Rivalry

The intensity of rivalry is moderate, as Biora Therapeutics, Inc. operates in a competitive industry, but has a strong market position and differentiated products.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight -85.03%
Debt Cost 10.08%
Equity Weight 185.03%
Equity Cost 10.08%
WACC 10.08%
Leverage -45.95%

11. Quality Control: Biora Therapeutics, Inc. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Atara Bio

A-Score: 5.6/10

Value: 7.4

Growth: 8.0

Quality: 7.0

Yield: 0.0

Momentum: 10.0

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Eton Pharmaceuticals

A-Score: 4.4/10

Value: 2.2

Growth: 7.1

Quality: 4.6

Yield: 0.0

Momentum: 10.0

Volatility: 2.7

1-Year Total Return ->

Stock-Card
Oramed Pharmaceuticals

A-Score: 4.1/10

Value: 7.8

Growth: 4.8

Quality: 3.0

Yield: 0.0

Momentum: 6.0

Volatility: 3.0

1-Year Total Return ->

Stock-Card
Century Therapeutics

A-Score: 3.8/10

Value: 9.6

Growth: 5.4

Quality: 5.2

Yield: 0.0

Momentum: 0.5

Volatility: 2.0

1-Year Total Return ->

Stock-Card
Biora Therapeutics

A-Score: 3.0/10

Value: 8.8

Growth: 3.4

Quality: 5.2

Yield: 0.0

Momentum: 0.0

Volatility: 0.3

1-Year Total Return ->

Stock-Card
Senti Biosciences

A-Score: 2.5/10

Value: 7.0

Growth: 2.9

Quality: 2.9

Yield: 0.0

Momentum: 2.0

Volatility: 0.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.22$

Current Price

0.22$

Potential

-0.00%

Expected Cash-Flows