$75.4m market cap
$2.8 last close
OpGen is focused on revolutionizing the identification and treatment of bacterial infections. Following the merger with Curetis, it has technology platforms to detect pathogens and predict resistance. Importantly, the AMR Gene Panel and Unyvero platforms have the ability to provide results in hours instead of days.
Investment summary
OpGen reported 2020 sales of $4.2m, up 20% compared to the $3.5m in sales in 2019, with growth mainly due to the merger with Curetis. We expect the company to be able to build on this level with the help of the future 510(k) clearance of its Acuitas AMR Gene Panel test in bacterial isolates as well as potential approvals for the Unyvero platform in China and Colombia. To maintain the momentum, OpGen plans to initiate a clinical trial program for complicated urinary tract infections (cUTI) and invasive joint infections (IJI) with the Unyvero platform in H221.
Y/E Dec |
Revenue (US$m) |
EBITDA (US$m) |
PBT (US$m) |
EPS (c) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2019A | 3.5 | (11.7) | (11.9) | (737.6) | N/A | N/A |
| 2020A | 4.2 | (22.0) | (25.3) | (157.4) | N/A | N/A |
| 2021E | 10.5 | (20.8) | (25.6) | (64.9) | N/A | N/A |
| 2022E | 26.4 | (11.9) | (16.8) | (42.3) | N/A | N/A |
Industry outlook
It currently takes days to test a patient sample to find out if they have an infection, what they are infected with and to which drugs that infection might be susceptible. This can lead to a delay in treatment or the wrong treatment being prescribed. According to the Centers for Disease Control and Prevention, there are over two million cases of drug-resistant bacterial infections every year.
Last updated on 06/04/2021
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| Healthcare |
Share price graph
Balance sheet |
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| Forecast net cash (US$m) | 2.4 |
| Forecast gearing ratio (%) | N/A |
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Key management |
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| Oliver Schacht | CEO |
| Tim Dec | CFO |
