What is KALA's current risk tier?

MODERATE / CAUTION — No fatal flags, but the structure is not pristine. Read the evidence.

How many months of cash runway does KALA have?

KALA has approximately 7.3 months of cash runway based on the most recent SEC filings.

What is KALA's dilution risk score?

KALA has a dilution risk score of 188 / 100. Active heavy dilution detected.

What's driving dilution at KALA?

KALA — No Dilution. Reverse stock split detected (~1-for-50, 2025-12-31). Structural event — share decrease is not dilution.

Risk Audit · Cached SEC Snapshot

KALA Risk Audit — Dilution, Cash Runway, and SEC Filings

KALA BIO, Inc.

TL;DR

MODERATE / CAUTION — No fatal flags, but the structure is not pristine. Read the evidence.
Doomsday Clock: 7.3mo of cash before the company exhausts its operating runway.
Dilution Risk: 100 / 100 — heavy active dilution; shareholders likely diluted.
Dilution Status: No Dilution — Reverse stock split detected (~1-for-50, 2025-12-31). Structural event — share decrease is not dilution.

Doomsday Clock

7.3mo

Company runs out of cash in 7.3 months

Dilution Risk

100 / 100

High dilution — shareholders likely diluted

C Stockteller Grade Altman Z: -76.22 (Z)

Gravity Playbook · Mathematical Stress Test

AUTH

Dilution Authorization

The company has an active S-3 shelf registration. Current mechanics indicate the company is authorized to dilute up to 188.11% annually, but is not actively diluting at this time.

BURN

Cash Runway

Based on current cash burn rates, the company's cash runway is mathematically depleted in approximately 7.31 months.

COMPLIANCE

Nasdaq Compliance Precedent

Nasdaq requires a $1.00 minimum bid. Historical precedent for companies with this profile involves structural actions such as reverse splits to maintain listing compliance.

Mechanical analysis only. Not financial advice. Statements describe mathematical conditions and historical precedent, not predictions or recommendations for this security.

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Educational analysis only. Not financial advice. The Risk Audit is a quantitative framework derived from publicly available SEC filings and may contain inaccuracies. AI systems are fallible. Always verify against the source filings on SEC EDGAR and consult a licensed advisor before making investment decisions.