Opus Genetics, Inc. is a clinical-stage biopharmaceutical company focused on ophthalmology. The company is dedicated to discovering and commercializing innovative therapies to ...
Opus Genetics, Inc. (Nasdaq: IRD) is a clinical-stage biopharmaceutical company headquartered in Durham, North Carolina, with a focus on developing gene therapies to restore vision and prevent blindness in patients with inherited retinal diseases (IRDs). The company was originally founded in 2018 as Ocuphire Pharma, Inc. and later merged with ...Opus Genetics, Inc. (Nasdaq: IRD) is a clinical-stage biopharmaceutical company headquartered in Durham, North Carolina, with a focus on developing gene therapies to restore vision and prevent blindness in patients with inherited retinal diseases (IRDs). The company was originally founded in 2018 as Ocuphire Pharma, Inc. and later merged with Opus Genetics in October 2024, adopting the current name. The company is publicly traded on the NASDAQ Global Market with a market capitalization of approximately $302 million. As of the latest data, Opus Genetics has 27 full-time employees. The company's lead product, Phentolamine Ophthalmic Solution, is approved for reversing pharmacologically induced mydriasis and is in Phase III trials for presbyopia and impaired vision in dim light. In its retinal pipeline, APX3330, a small-molecule inhibitor of the Ref-1 protein, has completed Phase II trials for diabetic retinopathy. Additionally, preclinical candidates APX2009 and APX2014 are being developed for various retinal indications. The company is led by CEO George Magrath, though recent announcements indicate Ben Yerxa, Ph.D. has been appointed as permanent CEO, possibly reflecting a leadership change. Financially, the company reported a working capital of $85 million and has a price-to-sales ratio of 30.7, reflecting its early-stage nature. The company operates with a focus on innovation and aims to address significant unmet medical needs in ophthalmology. With FDA clearance to launch clinical trials in 2025, Opus Genetics is advancing its pipeline and continuing its mission to prevent blindness and restore vision for patients with inherited retinal diseases.
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).
$14.2M
+29.1%
-65.0%
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.
$-49.6M
+13.8%
+87.6%
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.
+100.0%
0.0%
+0.6%
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).
-271.9%
+51.9%
-227.8%
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.
-349.3%
+33.3%
+64.7%
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.
$-35.3M
-37.8%
+6.1%
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.
-248.3%
-6.7%
-168.3%
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.
0.0%
—
-375.4%
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.
6.43x
+98.4%
+70.9%
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.