Company Reports Cash Assets of Approximately $3.38 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2026
0mins
The company said, "We reported that, as of March 31, 2026, we had cash and cash equivalent current assets balance of approximately $3.38 Million. In addition, we reported approximately $10.20 Million in total Assets including $6.53 Million of Net Property and Equipment assets. The strong P&E assets comprise our cGMP-capable manufacturing and R&D facility in Shelton, CT. The total current liabilities were approximately $1.07 Million. The net cash utilized during the nine months ended March 31, 2026 was approximately $5.58 Million. This included certain non-recurring expenditures including R&D expenditures in preparation for a Phase II clinical trial application. Based on budgeting considerations, we reported that we do not have sufficient funding in hand to continue operations through May 14, 2027, for our planned objectives that include a Phase II clinical trial of NV-387 for MPox infection in Central Africa, a Phase II clinical trial of NV-387 for Viral Acute and Severe Acute Respiratory Infections, and Preparation and pre-IND filing for a Phase II clinical trial of NV-387 for RSV indication in the USA. As such, we have focused on the objective , the Phase II Mpox clinical trial. We continue to have access to an "At-The-Market" common stock facility under a shelf registration, with D. Boral Capital, LLC, the sales agent. We also note that an additional gross cash financing of $6.25 Million would result into the Company if and when the Series A warrants from the November, 2025 financing are exercised. Additionally, we continue to have access to an available line of credit of $3 million provided by our founder and President Dr. Anil Diwan. No funds have been drawn on this facility as of now. At present, we have sufficient funding to execute and complete the Phase II clinical trial of NV-387 for MPox infection in DRC according to our plans and projections."
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Analyst Views on NNVC
Wall Street analysts forecast NNVC stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.590
Low
6.00
Averages
6.00
High
6.00
Current: 1.590
Low
6.00
Averages
6.00
High
6.00
About NNVC
NanoViricides, Inc. is a clinical-stage company. The Company is engaged in developing a class of drugs that it calls nanoviricides, using a platform technology based on the application of nanomedicine technologies to the complex issues of viral diseases. Its lead drug candidate is NV-387, a broad-spectrum antiviral drug that has demonstrated activity in lethal lung infection animal model studies of Coronavirus (COVID), Respiratory Syncytial Virus, Influenza, Orthopoxvirus model for Smallpox and MPox, and even in a humanized mice model for Measles. It is focused on advancing Phase II clinical trials. Its other advanced drug candidate is NV-HHV-1 for the treatment of Shingles rash. Its NV-CoV-2 and NV-CoV-2-R are drug candidates for the treatment of COVID. Its portfolio also includes NV-HIV-1, a novel mechanism Anti-HIV Drug Candidate. Its other drug candidates include treatment for viral infections, including Dengue viruses, Ebola viruses, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Cash Flow Status: As of March 31, 2026, the company had approximately $3.2 million in cash and cash equivalents, highlighting liquidity constraints that may limit future operational and investment capabilities.
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- Going Concern Doubt: Due to insufficient funding, management expressed substantial doubt about the company's ability to continue as a going concern, which may lead to decreased investor confidence and negatively impact stock performance.
See More
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- Warrant Details: Each warrant has an exercise price of $1.75 per share and will expire three years from issuance, providing investors with potential future value while also securing necessary funding for the company.
- Transaction Timeline: The closing of this offering is expected to occur on or about May 18, 2026, allowing the company ample time to plan the utilization of funds and future business development.
- Financial Performance Overview: NanoViricides recently reported a GAAP EPS of -$0.09, and while current financial performance is weak, this financing could provide essential support for subsequent R&D and market expansion efforts.
See More
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- Positive Market Reaction: Following the announcement of the Orphan Drug Designation, NanoViricides' shares surged 17% on Monday, reflecting strong investor confidence in the company's future potential, while the stock has gained 20% over the past 12 months, indicating market recognition of its antiviral products.
- Rare Pediatric Disease Application: The company has also applied for Rare Pediatric Disease Designation for NV-387; if granted, it would make the company eligible for a tradable Priority Review Voucher, historically valued between $150 million and $200 million, providing a significant early revenue source for the company.
- Clinical Trial Preparations: NanoViricides is preparing to initiate a mid-stage trial of NV-387 for mpox in the Democratic Republic of Congo, further validating its effectiveness against multiple human viral infections and enhancing its competitive position in the antiviral treatment market.
See More
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- Addressing Measles Epidemics: NV-387 is recognized as the only drug candidate demonstrating strong efficacy against the measles virus in animal models, making its development crucial amidst rising global measles cases, particularly in Bangladesh and Guatemala, positioning it as a vital tool against measles resurgence.
- Significant Market Potential: The US reported 1,803 confirmed measles cases in 2026, a notable increase from 2,251 in 2025, highlighting the urgent need for effective treatments; successful development of NV-387 could yield substantial market opportunities and revenue for the company.
- Application for Priority Review Voucher: NanoViricides has also applied for Rare Pediatric Disease Drug (RPDD) designation, which, if granted, would qualify the company for a Priority Review Voucher, potentially generating $150 to $200 million in early revenue, further propelling the development of NV-387.
See More
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