Investment Thesis
CEL SCI CORP faces an acute financial crisis with negative revenue, mounting losses, and critical liquidity distress. Operating cash burn of $8.0M annually against only $1.9M in cash reserves creates an immediate solvency threat. The company cannot service its debt or operations, with current ratio of 0.60x and interest coverage of -52.2x indicating imminent default risk.
Strengths
- Moderate debt-to-equity ratio of 0.83x provides some theoretical leverage capacity
- Total assets of $17.7M represent potential liquidation value
- YoY improvements in loss metrics, though from deeply negative base
Risks
- Negative revenue of -205.3K indicates fundamental operational failure or accounting anomalies
- Critical liquidity crisis: current ratio 0.60x and quick ratio 0.39x signal inability to meet short-term obligations
- Severe cash burn: -$8.0M operating cash flow against only $1.9M cash reserves (less than 3 months runway)
- Cannot service debt: interest coverage ratio of -52.2x shows operating income insufficient to cover interest
- Negative returns: ROE -159.1% and ROA -61.8% destroying shareholder value
- Long-term debt of $5.7M with no operational cash flow to support repayment
Key Metrics to Watch
- Monthly cash burn rate and remaining runway to insolvency
- Operating cash flow turnaround timing
- Revenue stabilization and path to profitability
- Debt restructuring, refinancing announcements, or capital raise activity
Financial Metrics
Revenue
-205.3K
Net Income
-10.9M
EPS (Diluted)
$-1.35
Free Cash Flow
-8.0M
Total Assets
17.7M
Cash
1.9M
Profitability Ratios
Gross Margin
N/A
Operating Margin
5,210.0%
Net Margin
5,327.1%
ROE
-159.1%
ROA
-61.8%
FCF Margin
3,918.9%
Balance Sheet & Liquidity
Current Ratio
0.60x
Quick Ratio
0.39x
Debt/Equity
0.83x
Debt/Assets
61.2%
Interest Coverage
-52.17x
Long-term Debt
5.7M
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings.
It does not include stock price data and should not be considered financial advice.
All fundamental data is sourced from SEC public domain filings.
Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR |
Analysis Date: 2026-05-16T08:05:15.641032 |
Data as of: 2026-03-31 |
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