The company reported a net income of $935,461 for the second quarter of 2026, with a gross profit of $1,762,232 and operating expenses of $387,000. The company’s total assets increased to $2,170,000, with cash and cash equivalents of $1,344,000 and accounts receivable of $250,000. The company’s common stock outstanding increased to 1,346,000 shares, with a book value per share of $0.3333. The company’s additional paid-in capital increased to $1,022,000, and its accumulated other comprehensive income decreased to $442,700. The company’s retained earnings increased to $1,992,000. The company’s financial position and results of operations are presented in accordance with US GAAP.
Business Overview
Tonix Pharmaceuticals is a fully-integrated biopharmaceutical company commercializing and developing innovative therapies for central nervous system (CNS) disorders, infectious diseases, immunology, and rare diseases. The company’s portfolio consists of both commercial and development-stage programs.
Tonix markets TONMYA® (cyclobenzaprine HCl sublingual tablets) for the treatment of fibromyalgia in adults in the U.S., as well as Zembrace® SymTouch® (sumatriptan injection) and Tosymra® (sumatriptan nasal spray) for the treatment of acute migraine in adults in the U.S. TONMYA is Tonix’s first internally developed product to become FDA approved and is the first new medicine for fibromyalgia in more than 15 years.
Tonix is advancing a diversified development pipeline generated through internal discovery, in-licensing, acquisitions, and collaborations. The pipeline addresses conditions spanning CNS, infectious disease, immunology, and rare disease, with multiple programs in clinical and preclinical development. Key pipeline programs include:
Tonix also has a pre-clinical infectious disease portfolio including TNX-801 (horsepox, live virus vaccine) for mpox and smallpox, and TNX-4200, a small molecule broad-spectrum antiviral agent.
The company is led by an experienced management team and is well-capitalized, with cash resources expected to fund operations into early 2027. However, Tonix faces significant challenges and uncertainties, and may need to obtain additional financing to continue its operations and development activities.