N4 Pharma stock analysis
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N4 Pharma (THAT) Share Price & Analysis
THAT Stock Chart & Stats
- Day’s Range
- GBX 0.55 - GBX 0.60
- 52-Week Range
- GBX 0.40 - GBX 0.95
- Previous Close
- GBX 0.58
- Volume
- N/A
- Average Volume (3M)
- 576.99K
- Market Cap
- GBP 14.18M
- Enterprise Value
- GBP 4.01M
- Total Cash (Recent Filing)
- GBP 1.50M
- Total Debt (Recent Filing)
- GBP 0
- Price to Earnings (P/E)
- ―
- Beta
- 1.33
- Next Earnings
- Feb 24, 2027 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Proprietary Nuvec Platform
Nuvec gives N4 Pharma a defined technology platform that can be applied across multiple drug-delivery markets, including vaccines and oncology. If development and external collaboration progress, the platform could support several commercialization paths rather than relying on one single therapeutic product.
Debt-free Balance Sheet
Having no debt reduces solvency and refinancing pressure while preserving flexibility during the company’s development stage. This structure avoids interest obligations and gives management more capacity to direct available resources toward research, partnerships and platform development as opportunities emerge.
Narrowing Cash Outflows
Although N4 Pharma remains cash-burning, the reduction in operating and free-cash-flow outflows versus 2023 indicates some improvement in cash discipline or spending intensity. If maintained, lower burn could extend financial runway and reduce the pace at which additional funding may be required.
Bears Say
Persistent Unprofitability
Deep and recurring operating and net losses show that the current business is not economically self-sustaining. Margins substantially below zero indicate costs remain far above the revenue base, creating a durable execution challenge until products, partnerships or licensing generate materially larger income.
Ongoing Cash Burn
Persistent negative operating and free cash flow means accounting losses are translating into actual cash consumption rather than being mainly non-cash charges. Continued development therefore depends on available funding and successful commercial progress, increasing the financial consequences of delays or setbacks.
Small, Volatile Revenue Base
A very small and fluctuating revenue base provides limited evidence of repeatable commercial traction and makes results difficult to forecast. The reported zero gross profit in 2025 further questions current revenue quality, while fixed development costs continue to overwhelm the top line.
N4 Pharma News
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Company Description
N4 Pharma
Thalia Therapeutics Plc, a specialized pharmaceutical company established in 1979 and headquartered in Chellaston, UK, focuses on developing advanced nanoparticle silica delivery systems. These innovative systems are designed to enhance the cellular uptake and effectiveness of various cancer treatments and vaccines. The company's product portfolio includes Nuvec, a unique silica nanoparticle delivery platform distinguished by its irregular surface structure that effectively encapsulates and safeguards genetic material such as siRNA, RNA, and DNA. Additionally, it offers Liptide, a specialized platform engineered for the targeted delivery of a proprietary siRNA sequence to silence fibrotic genes. Thalia Therapeutics is also advancing N4 101, an orally administered inflammation inhibitor currently undergoing pre-clinical evaluation for the treatment of inflammatory bowel disease, alongside ECP105, which is being developed to prevent ocular scarring. The firm, previously known as N4 Pharma Plc, officially rebranded to Thalia Therapeutics Plc in March 2026.
- Sector
- Healthcare
- Industry
- Biotechnology
- CEO
- David Horn Solomon
- Employees
- 3
- Website
- www.thaliatx.com
- Address
- 2 Portman Street, London, W1H 6DU, GB
N4 Pharma (THAT) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 9 | 4 | 8 |
| Technical Analysis | 4 | 4 | 1 |
| Moving Averages | 5 | 0 | 7 |









