Clearmind Medicine Inc. is a pre-clinical biopharmaceutical company dedicated to pioneering the development of novel psychedelic-based treatments. Their primary goal is to ...
Clearmind Medicine Inc. (NASDAQ: CMND) is a healthcare/biotechnology company headquartered in Vancouver, Canada, focused on discovering and developing next-generation psychedelic-derived medicines. The company’s strategy centers on addressing behavioral and mental-health disorders that are difficult to treat with current options—particularly conditions involving “binge” patterns and compulsive behaviors. Its target indications include ...Clearmind Medicine Inc. (NASDAQ: CMND) is a healthcare/biotechnology company headquartered in Vancouver, Canada, focused on discovering and developing next-generation psychedelic-derived medicines. The company’s strategy centers on addressing behavioral and mental-health disorders that are difficult to treat with current options—particularly conditions involving “binge” patterns and compulsive behaviors. Its target indications include alcohol use disorder (including problematic binge drinking), binge eating/eating disorders, depression, and other binge-related compulsive behaviors.
From a product and pipeline perspective, Clearmind is building toward therapeutics derived from psychedelic science, with an emphasis (as commonly described in market materials) on novel, non-hallucinogenic or second-generation approaches. This matters for both clinical positioning and patient/physician adoption, since safety, tolerability, and regulatory feasibility are key differentiators in psychedelic-adjacent drug development. The company’s efforts are therefore heavily research-and-development driven—spanning discovery, preclinical work, and progression into clinical development—where success depends on demonstrating efficacy, durability, and safety in appropriately selected patient populations.
Business model and cost structure: as a small biopharma, Clearmind’s costs are primarily R&D and program execution expenses (e.g., laboratory work, drug-development activities, clinical trial operations, regulatory/quality work, and IP protection). “BOM” in a conventional manufacturing sense is less central than in manufacturing-oriented companies; instead, the primary “inputs” are scientific talent, proprietary assets (know-how/compounds), development services, and trial-related infrastructure. With a very small workforce (reported full-time employees of 2), execution relies on experienced leadership and likely external partnerships/vendors, which can keep overhead low but increases reliance on external services and funding continuity.
Financially, the provided TTM snapshot indicates the business is loss-making (e.g., negative return on assets/equity and negative profitability margins). However, it also reflects strong liquidity ratios such as a high current ratio and cash/quick ratio measures reported in the dataset, suggesting the company is able to fund parts of its development activity while it advances programs. Market-capitalization data in the overview points to a small-cap scale and, together with the clinical-stage nature, implies that valuation is largely expectation-driven (trial/program milestones) rather than supported by operating cash generation.
Key people: Adi Zuloff-Shani, PhD is identified as CEO, and is presented in the provided materials as a biomedical research and development executive with long experience in healthcare R&D leadership. The company’s organizational priority is to translate scientific and translational insights into developable drug candidates and clinical evidence.
Overall, Clearmind’s “wishes” and near-term drivers—typical for companies of this stage—would be to generate robust clinical or preclinical efficacy/safety outcomes, strengthen IP defensibility, progress development programs toward registrational pathways, and maintain sufficient financing to sustain operations until key clinical milestones are achieved.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-3.9M
+26.6%
+46.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-4.7M
+30.0%
+14.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
149.2%
+8622.4%
+669.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.22x
-29.1%
+26.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.