DRRX — Stock Film
STOCK FILMSCENE 1/12DRRX · $1.91
Stock Expert AI presents
DRRX
DURECT Corporation
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
DURECT Corporation. What it actually does.

Researches and develops medicines based on epigenetic regulator programs. Offers ALZET osmotic pumps and accessories for research in laboratory animals. Now — the numbers.

on the stock market since 2000
21 employees
$59.3M market value
WHERE DOES THE MONEY COME FROM?
93%Collaborative Research and Development and Other Revenue
Collaborative Research and Development and Other RevenueProducts 7%
93% of all revenue comes from a single line: Collaborative Research and Development and Other Revenue.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$2M
The loss that same year:
$8.3M
For every $1 it earns, the company spends $5.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales have been shrinking.

An average decline of 49% a year over the last 4 years — the most striking risk in this picture. Red columns mark years that ended in a loss.

$30.1M
2020
2021
2022
2023
$2M
2024
In the vault right now:
$11.8M
DEBT: $2.2M
At this pace, that money lasts about 1.4 years.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
29.2×

This company is not turning a profit, so the market is pricing its sales instead: 29.2× for every dollar of annual revenue.

No analyst target is on record for this company.

THE COUNCIL REVIEW
9

angles, checked one by one.

The 4 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

STRENGTHS
Heavy investment in the future10/10
WEAK SPOTS
The stock has lost its spark0/10
Sales are shrinking2/10
Costs eat into the margin4/10
WORTH WATCHING

Revenue Growth: Sales are going backwards, not just slowing.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 93% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

THE BRIGHT SIDE

Our checks did not surface a specific strength to highlight here.

1
THE RISKS · 1/2
Small sales, big loss

A loss of $8.3M against $2.0M in annual sales. And on top of that, sales fell from the year before.

2
THE RISKS · 2/2
The cash has a countdown

At the current pace of spending, the cash lasts about 1.4 years. After that, the company needs to find new money.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film