Feed / ETON

Eton Pharmaceuticals, Inc.

ETON

Healthcare · 58.07 -1.2% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Eton Pharmaceuticals, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-1.2% todayVolume comparison unavailable
Market group0 of 11 activeHealthcare Real Estate · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • ETON's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if ETON's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Drug Manufacturers - Specialty & Generic

No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • ETON's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods7
Price observations319
Usable filing statements26
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +104.9% year over year.
  • Operating margin changed +5.6 percentage points in the latest annual period.
  • Net margin changed +4.0 percentage points in the latest annual period.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

58.07
6m+241.8%12m+236.1%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$21.8M+55879.5%
2022-12-31$21.3M-2.7%
2023-12-31$31.6M+48.9%
2024-12-31$39.0M+23.3%
2025-12-31$80.0M+104.9%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 1 filings
As a result of subsequent amendments to the SWK Credit Agreement, the Company expanded its credit facility to $ 30,000 , extended the facility’s maturity to three years from closing with a loan maturity date of December 17, 2027, and reduced the facility’s an…
10-K · Mar 19, 2026
Legal and regulatory exposuremixed · 1 filings
Our rights to use the pharmaceutical compounds we were assigned are subject to the negotiation of, continuation of and compliance with the terms of those assignments and licenses.
10-K · Mar 19, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales · EV/sales . Comparisons use only industry-matched filing peers.

Scenario scaffold

No usable price/earnings or price/sales multiple (need a fresh price).

Price action

How the market is pricing the story

58.07-1.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ETON. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ETON. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ETON

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

TEVATeva Pharmaceutical Industries LimitedsupplierMar 19, 2026

In December 2024, the Company acquired GALZIN® (zinc acetate) from Teva Pharmaceuticals USA, Inc and assumed the commercialization of the product in the U.S.

Depended on by

HROWHarrow, Inc.investeeNov 10, 2025

Investment Loss from Eton During the three and nine months ended September 30, 2024, we recorded a loss of $0 and $3,171,000, respectively, related to the change in fair market value of common stock of Eton Pharmaceuticals, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ETON is currently a Leader in the organic co-movement group Healthcare Real Estate. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for ETON; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.