Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Apimeds Pharmaceuticals US, Inc

APUSAMEX
Wall Street ScoreInsufficient data
$3.05USD+$0.15 (+5.35%)

A complete Wall Street Score is unavailable because required model components are missing. Missing model components: revenue, moat, financial, Buffett-style model component. These are scoring components, not a claim that the company has no assets or earnings. Missing inputs are not zero and do not by themselves make this a weak company. Available financial statements and source-backed research remain visible.

Company website www.mindwavedao.com
Headquarters100 Matawan Rd, Matawan, NJ, 07747, US
Financial statement currencyUSD · no FX conversion applied
Healthcare · Biotechnology
Price updated todayFinancials updated Oct 1, 2026

APUS · Price history

Price at last available close

$3.05

−$3.34 (-52.27%) 1M

2026-10-27

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Company & revenue

About Apimeds Pharmaceuticals US, Inc

Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.

Who they are

Apimeds Pharmaceuticals US, Inc. provides digital asset treasury solutions in bitcoin treasury infrastructure. The company was incorporated in 2020 and is based in Matawan, New Jersey. Apimeds Pharmaceuticals US, Inc. operates as a subsidiary of Inscobee.

How they make money

Apimeds Pharmaceuticals US, Inc. is a clinical-stage biopharmaceutical company that does not currently generate revenue from product sales. The company funds its operations and clinical development activities primarily through the issuance of equity securities and support from its parent company and strategic partners.

Products & services

The company is developing Apitox, a purified bee venom-based therapeutic candidate intended for the treatment of knee osteoarthritis and multiple sclerosis, which is currently in the clinical trial stage and has not received FDA approval.

Brands & revenue mix

Apitox

Purified bee venom-based therapeutic candidate for knee osteoarthritis and multiple sclerosis.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Healthcare providers and patients (potential future market)Source

Customer concentration

No quantified customer-concentration disclosure is available in the current saved research.

Suppliers, materials & equipment

  • Contract Research Organizations — The company utilizes unnamed third-party contract research organizations to conduct clinical trials and manage regulatory development processes.Source

Business relationships & partnerships

  • Apimeds Inc. (Korea) — A strategic partner and affiliate that provides access to clinical data and development opportunities for the Apitox therapeutic candidate.Source
  • Inscobee Inc. — The parent company of Apimeds Korea which holds a controlling interest in Apimeds Pharmaceuticals US, Inc. and provides strategic support.Source

Competitors

  • Biotechnology and pharmaceutical companies — Various companies developing treatments for osteoarthritis and multiple sclerosis that compete for clinical success and market share.Source

Strengths

  • Access to clinical data and development history from Apimeds KoreaSource

Risks

  • Lack of revenue and history of operating lossesSource
  • Dependence on FDA approval for ApitoxSource
  • Reliance on strategic partners and parent company fundingSource

Company-specific research

Questions worth answering for APUS

Research inputs 64% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •How long can APUS fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •Is APUS's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •What specifically needs to improve for APUS to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify APUS's current valuation?
  • •What does the current corporate distress warning mean for the reliability or interpretation of APUS's score?
⚠ 4 warningsView warning details
Share split detectedMAJOR RED FLAG: Reverse split proposed / authorizedCRITICAL: Going-concern warningDebt service risk
Business analysis: 15 days ago · Fresh

Essential Investment Snapshot

Market Cap

$4.6M

P/E Ratio

-0.1

EPS

$-49.29

52-Week High

$59.70

52-Week Low

$1.51

Beta

0.15

Shares Outstanding

1.1M

Total Debt

$14.6M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$97.82

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
10/ 100
-32 pts / 5d

Strong downward momentum

5D -10.6% · 20D -39.2% · RSI 7 · Price vs 20D avg -29.6%
Volatility
87/ 100
-13 pts / 5d

Extreme movement

20D realized vol 266.0% · 60D 267.2% · Acceleration 1.00x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for APUS

Detected from reported data — verify before acting.

Share split detected

A recent SEC filing references a reverse stock split/share consolidation. Repeated reverse splits receive progressively harsher score ceilings.

Supporting source

MAJOR RED FLAG: Reverse split proposed / authorized

A recent SEC filing discusses authorization, approval, or a proposal for a reverse stock split. This is treated as a major distress/listing-risk signal and caps Wall Street Score below 30 while pending.

Supporting filing

CRITICAL: Going-concern warning

A recent SEC filing contains explicit going-concern language. Wall Street Score is capped at 15 until the distress condition is resolved in later filings.

Supporting filing

Debt service risk

Interest coverage is low (~-42.1x). Earnings may be strained to cover interest expense.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on APUS.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Access to clinical data and development history from Apimeds Korea.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Biotechnology industry.
  • −Lack of revenue and history of operating losses.
  • −Dependence on FDA approval for Apitox.
  • −Reliance on strategic partners and parent company funding.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

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Scores

Click any score for full breakdown

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Tap for breakdown →

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Debt Cost3.6%
Debt Reduction YoY-1200.2%
Debt / Equity0.05x

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Revenue YoY—
Revenue CAGR—
Net Margin—

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Asset Growth YoY1257338.4%
Liquidation/Share$97.82
Net Assets/MCap14.98x

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—

Earnings Yield-770.9%
Buyback Yield0.0%
Debt Cost3.6%

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—

ROIC-9.9%
ROE-54.6%
ROA-45.6%

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—

EPS Growth—
FCF/Share Growth—
Rev/Share Growth—

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—

Intrinsic Value—
Value Reference—
MOS—

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Revenue—
Moat—
Valuation—

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MOS %—
Value Reference—
Deep Discount Reference—

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Interest Coverage-42.1x
ROIC-9.9%
FCF Yield-119.1%

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Financial—
Valuation—
Debt—

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Survival Years0.4 yrs
Current Ratio1.31x
FCF Margin—

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Score Changes

Score changes will appear once more historical records are available.

Price vs. Value

Valuation unavailable

Current Price

$3.05

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

20212022202320242025$0$1$2$3$4

Additional Metrics

Operating Cash Flow

20212022202320242025-$10M-$8M-$5M-$3M$0

Total Debt

20212022202320242025$0$2M$4M$6M$8M

Total Assets

20212022202320242025$0$45M$90M$135M$180M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM20252024202320222021
Revenue$0.00$0.00$0.00$0.00········
Cost of Revenue$20K$6K$0.00$0.00········
Gross Profit-$20K-$6K$0.00$0.00········
Research & Development$2.8M$1.6M$0.00$99K········
SG&A Expenses$24.5M$10.3M$1.3M$649K········
Operating Expenses$19.2M$11.9M$1.3M$747K········
EBITDA-$53.8M-$5.7M-$1.3M-$740K········
Operating Income-$19.2M-$11.9M-$1.3M-$747K········
Interest Expense$4.3M$283K$118K$38K········
Income Before Tax-$58.2M-$6.0M-$1.4M-$778K········
Income Tax Expense$0.00$0.00$0.00$0.00········
Net Income-$58.2M-$6.0M-$1.4M-$778K········
Basic EPS$-49.29$-5.50$-12.00$-6.75········
Basic Shares1.63M1.09M115K115K········
Diluted Shares1.63M1.09M127K127K········
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026

Revenue

$0

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$11.77

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+2816.1%

Cash Change

-96.8%

Margin Change

Not available

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Weakened

  • Cash position declined
  • Debt increased

Potential Score Impact

Pressure indicators included EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

EPS declined 54.7%. Cash declined 96.8%. Total debt increased 2816.1%.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Earnings data: 120 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

3 historical records
Sep 6, 26Sep 8, 26Oct 1, 260255075100

Historical Score Chart

3 of 3 records shown

Wall Street Score

Sep 6, 26Sep 8, 26Oct 1, 260255075100

Debt Score

Sep 6, 26Sep 8, 26Oct 1, 260255075100

Revenue Score

No data

Asset Score

Sep 6, 26Sep 8, 26Oct 1, 260255075100

Capital Score

Sep 6, 26Sep 8, 26Oct 1, 260255075100

Management Score

Sep 6, 26Sep 8, 26Oct 1, 260255075100

Moat Score

No data

Valuation Score

Sep 6, 26Sep 8, 26Oct 1, 260255075100

Buffett Score

No data

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

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News

Rumor Mill · APUS

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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