Vivani Medical, Inc. (VANI) Financial Ratio Screen

NASDAQ Healthcare United States USD 86M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Vivani Medical, Inc. (VANI) is potentially non-compliant in the automated ratio model. The company's debt ratio of 46.5% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Vivani Medical, Inc. operates in the Healthcare sector.

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MSCI new-inclusion financial-ratio snapshot

VANI financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
46.5%
Fail vs 30%
Cash ratio
44.2%
Fail vs 30%
Receivables + cash
44.8%
Fail vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-10-16. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-10-16S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Biotechnology) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Vivani Medical, Inc., a clinical-stage biopharmaceutical company, engages in the development of miniaturized and subdermal drug implants that treat chronic diseases. The company uses its NanoPortal implant technology to develop and potentially commercialize drug implant candidates in the treatment of chronic disease and medication non-adherence. Its pipeline includes NPM-115, a high-dose exenatide implant candidate is in clinical stage development for the treatment of chronic weight management in patients with obesity or overweight; NPM-119, an exenatide implant candidate is in preclinical stage development for the treatment of patients with type 2 diabetes; NPM-139, a miniature and subdermal GLP-1 implant in development for chronic weight management; and OKV-119, an exenatide implant for metabolic diseases in cats. The company is headquartered in Alameda, California.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 46.5%
/ 30%
44.2%
/ 30%
44.8%
/ 30%
N/A RATIOS FAIL*
FTSE 46.5%
/ 33%
44.2%
/ 33%
44.8%
/ 50%
N/A RATIOS FAIL*

Financial Highlights

EPS
currency unverified -0.43
P/B Ratio
48.6
EV/EBITDA
-3.5
EV: 94M (currency unverified)
Revenue
0 (currency unverified)
Beta
3.4
High volatility
Current Ratio
0.6

Profitability

Gross Margin 0.0%
Operating Margin 0.0%
Net Margin 0.0%
Return on Equity (ROE) -265.0%
Return on Assets (ROA) -50.1%

Cash Flow & Balance Sheet

Operating Cash Flow-21M (currency unverified)
Free Cash Flow-21M (currency unverified)
Total Debt19M (currency unverified)
Debt-to-Equity1397.5
Current Ratio0.6
Total Assets42M (currency unverified)

Price & Trading

Last Close$1.08
50-Day MA$1.26
200-Day MA$1.35
Avg Volume320K
Beta3.4
52-Week Range
$0.91
$1.92

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Vivani Medical, Inc. (VANI)

CEO
Dr. Adam Mendelsohn Ph.D.
Employees
37
Sector
Healthcare
Industry
Biotechnology
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 86M
Currency
USD

Vivani Medical, Inc., a clinical-stage biopharmaceutical company, engages in the development of miniaturized and subdermal drug implants that treat chronic diseases. The company uses its NanoPortal implant technology to develop and potentially commercialize drug implant candidates in the treatment of chronic disease and medication non-adherence. Its pipeline includes NPM-115, a high-dose exenatide implant candidate is in clinical stage development for the treatment of chronic weight management in patients with obesity or overweight; NPM-119, an exenatide implant candidate is in preclinical stage development for the treatment of patients with type 2 diabetes; NPM-139, a miniature and subdermal GLP-1 implant in development for chronic weight management; and OKV-119, an exenatide implant for metabolic diseases in cats. The company is headquartered in Alameda, California.

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Frequently Asked Questions

Is Vivani Medical, Inc. (VANI) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Vivani Medical, Inc.'s debt ratio?

Vivani Medical, Inc.'s debt ratio is 46.5% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Vivani Medical, Inc.'s key financial metrics?

Vivani Medical, Inc. has a market capitalization of USD 86M in its listing currency. Return on equity stands at -265.0%.

How often is the screening data updated?

Calculation date: 2026-10-16. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.