DRUG Stock - Bright Minds Biosciences Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $-2,616,636 | $-7,199,763 | $-14,732,012 | $-8,623,119 | $-474,926 |
| Net Income | $-2,801,946 | $-7,372,225 | $-14,964,940 | $-8,650,763 | $-480,377 |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| EPS | $-0.65 | $-1.98 | $-6.15 | $-4.74 | $-0.38 |
Bright Minds Biosciences Inc., a pre-clinical biosciences company, develops 5-HT (serotonin) medicines to improve the lives of patients with severe and life-altering diseases. Its portfolio of selective 5-HT receptor agonists comprises 5-HT2C, 5-HT2A, and 5-HT2C/A for the treatment of epilepsy, pain, and neuropsychiatry. The company has collaboration with National Institutes of Health for the treatment of epilepsy; University of Texas Medical Branch to treat impulse control disorders, such as binge eating; and Medical College of Wisconsin. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 8th 2025 | BTIG Research | Initiation | Buy | $72 |
| May 13th 2025 | TD Cowen | Initiation | Buy | - |
| May 7th 2025 | Chardan Capital Markets | Initiation | Buy | $80 |
| January 23rd 2025 | Piper Sandler | Initiation | Overweight | $93 |
| January 10th 2025 | Cantor Fitzgerald | Initiation | Overweight | - |
| January 10th 2025 | H.C. Wainwright | Initiation | Buy | $85 |
| November 26th 2024 | Robert W. Baird | Initiation | Outperform | $75 |
Earnings History & Surprises
DRUGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2025 | Aug 14, 2025 | $-0.59 | $-0.53 | +10.2% | ✓ BEAT |
Q1 2025 | Feb 13, 2025 | $-0.23 | $0.01 | +104.3% | ✓ BEAT |
Q4 2024 | Dec 30, 2024 | $-0.44 | $-0.12 | +72.9% | ✓ BEAT |
Q3 2024 | Aug 14, 2024 | — | $0.04 | — | — |
Q2 2024 | May 15, 2024 | — | $-0.10 | — | — |
Q1 2024 | Feb 12, 2024 | — | $-0.32 | — | — |
Q4 2023 | Dec 29, 2023 | — | $-0.30 | — | — |
Q3 2023 | Aug 14, 2023 | — | $-0.29 | — | — |
Q2 2023 | May 15, 2023 | — | $-0.08 | — | — |
Q1 2023 | Feb 7, 2023 | — | $-0.10 | — | — |
Q4 2022 | Dec 29, 2022 | — | $-0.15 | — | — |
Q3 2022 | Aug 12, 2022 | — | $-0.87 | — | — |
Q2 2022 | May 16, 2022 | — | $-1.51 | — | — |
Q1 2022 | Feb 14, 2022 | — | $-1.61 | — | — |
Q4 2021 | Dec 29, 2021 | — | $-0.24 | — | — |
Q3 2021 | Jul 17, 2021 | — | $-1.26 | — | — |
Q2 2021 | Jun 17, 2021 | — | $-0.46 | — | — |
Q1 2021 | Mar 31, 2021 | — | $-0.91 | — | — |
Q3 2020 | Sep 30, 2020 | — | $-0.25 | — | — |
Q2 2020 | Jun 30, 2020 | — | $-0.03 | — | — |
Latest News
'Psychedelics Show Promise As An 'Entirely New Type Of Anti-Inflammatory Treatment,' Research Suggests' - Marijuana Moment
📈 Positive'New York Lawmakers Hold Hearing Psilocybin's Medical Benefits Amid Broader Debate Over Psychedelics Reform' - Marijuana Moment
➖ NeutralHC Wainwright & Co. Reiterates Buy on Bright Minds Biosciences, Maintains $85 Price Target
📈 Positive'Massachusetts Lawmakers Approve Bill To Create Psychedelic Therapy Pilot Program' - Marijuana Moment
📈 PositiveBTIG Initiates Coverage On Bright Minds Biosciences with Buy Rating, Announces Price Target of $72
📈 PositiveReported Earlier, Bright Minds Biosciences Enters Equity Distribution Agreement For At-The-Market Offering Of Up To $100M Common Shares
➖ NeutralBright Minds Biosciences Announced Preclinical Results For BMB‑201.
📈 Positive'Military To Start Testing Service Members For The Psychedelic Psilocin, Memo Shows' - Marijuana Moment
➖ Neutral'GOP Senator Is 'Confident' Psychedelics Access Will Expand Under Trump, Saying Many Veterans Speak To Him About The Benefits' - Marijuana Moment
📈 PositiveHC Wainwright & Co. Reiterates Buy on Bright Minds Biosciences, Maintains $85 Price Target
📈 PositiveFrequently Asked Questions about DRUG
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