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Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Biofrontera Inc., a biopharmaceutical company, engages in the commercialization of pharmaceutical products for the treatment of dermatological conditions in the United States. It offers Ameluz, BF-RhodoLED, RhodoLED XL lamp series, and RhodoLED Lamps, which are used for the treatment of actinic keratosis, which are pre-cancerous skin lesions. The company was incorporated in 2015 and is headquartered in Woburn, Massachusetts.
How they make money
Biofrontera Inc. generates revenue primarily by selling its pharmaceutical products, specifically Ameluz and the RhodoLED lamp series, directly to dermatology offices and medical groups in the United States through its national commercial sales team.
Products & services
The company markets Ameluz (aminolevulinic acid hydrochloride) for photodynamic therapy and the RhodoLED and RhodoLED XL lamp series for the treatment of actinic keratosis.
Brands & revenue mix
Ameluz
Prescription drug for photodynamic therapy.
Separate brand revenue is not available in this research.Source
RhodoLED
Lamp series used for photodynamic therapy.
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.
Overall investment score · Quality, value, risk and opportunity
10
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
25
Poor
Financial Strength
38
Business Quality / Moat
17
Management
0
Growth Quality
65
Risk / Durability
0
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
What we like
•Asset quality scores strongly
What to watch
•Share split detected
•MAJOR RED FLAG: Reverse split proposed / authorized
•CRITICAL: Bankruptcy / liquidation risk
•Debt service risk
•Valuation is a weaker part of the current profile
Company-specific research
Questions worth answering for BFRI
Research inputs 100% 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.
•Can BFRI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•How long can BFRI fund negative free cash flow using its current cash position before it may need more debt or new shares?
•Does BFRI's balance between cash and debt leave enough flexibility if business conditions weaken?
•What specifically needs to improve for BFRI to reach sustainable profitability?
•What future growth or profitability would be needed to justify BFRI's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
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 BFRI
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.
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.
Interest coverage is low (~-20.2x). 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 BFRI.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+National commercial sales team.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Medical - Pharmaceuticals industry.
−Reliance on a single supplier for key products.
−Dependence on the commercial success of Ameluz and RhodoLED.
−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.
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
Wall Street Score
Very Weak10/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Fair
55
Debt Cost7.3%
Debt Reduction YoY-25.2%
Debt / Equity0.59x
Tap for breakdown →
Revenue
Poor
39
Revenue YoY10.7%
Revenue CAGR10.6%
Net Margin-13.8%
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Asset
Strong
75
Asset Growth YoY29.2%
Liquidation/Share$0.51
Net Assets/MCap1.20x
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Capital
Poor
0
Earnings Yield-46.0%
Buyback Yield0.0%
Debt Cost7.3%
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Management
Poor
0
ROIC-103.9%
ROE-106.9%
ROA-26.5%
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Moat
Poor
17
EPS Growth—
FCF/Share Growth—
Rev/Share Growth-43.9%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
35
Revenue39
Moat17
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
25
Interest Coverage-20.2x
ROIC-103.9%
FCF Yield-96.6%
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Master
Poor
10
Financial25
Valuation0
Debt55
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Resilience
Poor
30
Survival Years0.5 yrs
Current Ratio1.52x
FCF Margin-32.0%
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Score Changes
5 historical score records available
Previous Score
22
Sep 9, 2026
Change
-11.9
points
Current Score
10
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets+8.7
Capital0
Management0
Moat0
Valuation0
Buffett+1.3
BFRI decreased 11.9 points because some fundamentals weakened.
Positive Contributors
+ Asset improved by 8.7 points
Projected Score
Projected Score
5
Projected Change
-4.8 points
Preliminary comparable-period financial changes suggest decline of approximately 4.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$0.89
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.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
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 Item
TTM
2025
2024
2023
2022
2021
2020
2019
Revenue
$46.2M
$41.7M
$37.3M
$34.1M
····
····
····
····
Cost of Revenue
$7.2M
$8.9M
$18.6M
$17.4M
····
····
····
····
Gross Profit
$39.0M
$32.8M
$18.7M
$16.6M
····
····
····
····
Research & Development
$3.0M
$3.7M
$2.1M
$77K
····
····
····
····
SG&A Expenses
$39.7M
$38.1M
$33.8M
$39.1M
····
····
····
····
Operating Expenses
$43.4M
$42.0M
$35.9M
$39.3M
····
····
····
····
EBITDA
-$5.6M
-$9.2M
-$14.4M
-$18.5M
····
····
····
····
Operating Income
-$4.4M
-$9.1M
-$17.2M
-$22.7M
····
····
····
····
Interest Expense
$232K
$452K
$2.1M
$600K
····
····
····
····
Income Before Tax
-$6.3M
-$10.5M
-$17.7M
-$20.1M
····
····
····
····
Income Tax Expense
$29K
$25K
$22K
$14K
····
····
····
····
Net Income
-$6.4M
-$10.5M
-$17.8M
-$20.1M
····
····
····
····
Basic EPS
$-0.60
$-1.04
$-3.22
$-13.02
····
····
····
····
Basic Shares
12.92M
10.17M
5.52M
1.55M
····
····
····
····
Diluted Shares
12.92M
11.65M
5.52M
1.55M
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where 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 Improved
Margins expanded
What Weakened
Cash position declined
Debt increased
Potential Score Impact
Positive indicators included revenue growth, net income margin. 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
Revenue increased 32.9%. EPS declined 91.2%. Cash declined 35.6%. Total debt increased 50.0%. Net income margin improved by 53.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
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
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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.
The reliability percentage measures the strength of the supporting evidence—not the probability that the event will occur or that the stock will rise. Rumor Mill is separate from the WSS score.
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