Event-Driven Stocks

Clene Inc.

CLNNNasdaq

Healthcare · Pharmaceutical Preparations · DE · SEC filings ↗ · Compare ⊕

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Signs2 good5 warning2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$200,000$342,000$654,000$473,000$723,000$206,000
Operating income−$23.1M−$33.1M−$40.5M−$48.4M−$50.0M−$20.2M
Net income−$26.2M−$39.4M−$49.5M−$29.9M−$9.7M−$19.3M
Total assets$18.1M$27.3M$52.3M$44.5M$63.1M$68.2M
Total liabilities$35.7M$36.2M$39.0M$41.3M$50.5M$67.9M
Equity−$17.6M−$8.9M$13.4M$3.2M$12.6M$341,000
EPS (diluted)$-2.65$-5.67$-9.43$-0.46$-0.16
Shares out.8.6M128.4M76.9M63.1M59.5M59.5M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−11541.5%
Net margin
−13086.5%
Return on equity
148.8%
Return on assets
−144.4%
Return on capital (ROCE)
−313.8%
Liabilities / assets
197.0%
Debt / equity
Book value / share
$-2.05
Revenue growth (YoY)
−41.5%
Net income growth (YoY)

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-65.16distress
Accruals / assets
42.1%clean
Piotroski F-Score
2/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
24
/ 100
Profitability 20Growth 0Catalyst 33Earnings quality 67Financial strength 0

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

2 severe5 warning2 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Strong return on equity (>15%)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Clinical trials

ClinicalTrials.gov · ongoing · next readout first

Interventional studies led by this company. “Readout” is the trial's primary-completion date — an estimate the sponsor reports, not a guarantee.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20261.3M1.0+51.2%
Apr 30, 2026875,02611.5-0.2%
Apr 15, 2026876,90911.2-9.8%
Mar 31, 2026972,7269.1+13.8%
Mar 13, 2026855,13214.4+1.3%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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