Overview
- IndustrySurgical & Medical Instruments & Apparatus1
- HeadquartersFramingham, Massachusetts1
- Incorporated inNV2
- Business address235 Walnut Street, Suite 6, Framingham, Ma 017022
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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The following discussion should be read in conjunction with our consolidated financial statements and the related notes and other financial information included in this Annual Report.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue1¢$78.2K
- Research and development8¢$670.9K
- Selling, general and admin53¢$4.4M
- Interest38¢$3.1M
Out of $75.7K in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $05 | $06 | $07 | $08 | $11.6K9 | $15.7K4 | $75.7K4 |
| Cost of revenue | $26.3K9 | $51.5K4 | $78.2K4 | ||||
| Research and development | $2.1M5 | $2.9M6 | $2.4M7 | $1.6M8 | $1.4M9 | $1.2M4 | $670.9K4 |
| Selling, general and admin | $3.7M8 | $5.0M9 | $4.5M4 | $4.4M4 | |||
| Operating expenses | $5.7M4 | $5.1M4 | |||||
| Operating income | -$7.3M5 | -$7.4M6 | -$6.4M7 | -$5.4M8 | -$6.4M9 | -$5.7M4 | -$5.0M4 |
| Interest | $52.4K5 | $05 | $18.5K8 | $150.5K9 | $567.0K4 | $3.1M4 | |
| Net income | -$7.8M5 | -$4.8M6 | -$4.5M7 | -$4.7M8 | -$6.2M9 | -$5.3M4 | -$7.0M4 |
| Earnings per share | -$0.028 | -$0.039 | -$4.404 | -$2.274 | |||
| Earnings per share (diluted) | -$0.028 | -$0.038 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $6.0M5 | $4.7M5 | $2.2M8 | $959.3K8 | $2.3M8 | ||
| Inventory | $1.4M4 | $1.4M4 | |||||
| Current assets | $6.1M5 | $4.8M6 | $2.9M7 | $2.1M8 | $3.7M9 | $2.6M4 | $2.0M4 |
| Property, plant and equipment | $2.0K4 | $4.6K4 | |||||
| Total assets | $6.1M5 | $4.8M6 | $2.9M7 | $2.2M8 | $3.7M9 | $2.6M4 | $2.0M4 |
| Accounts payable | $1.3M4 | $2.3M4 | |||||
| Current liabilities | $433.5K5 | $288.4K6 | $713.8K7 | $628.5K8 | $1.7M9 | $3.3M4 | $9.5M4 |
| Long-term debt | $07 | $138.9K8 | $08 | ||||
| Long-term liabilities | $3.5M4 | $04 | |||||
| Total liabilities | $3.9M5 | $3.5M6 | $3.7M7 | $3.7M8 | $4.7M9 | $6.8M4 | $9.5M4 |
| Retained earnings | -$55.1M4 | -$62.1M4 | |||||
| Shareholders’ equity | $2.2M6 | $1.4M7 | -$807.3K8 | -$1.5M9 | -$1.0M4 | -$4.2M4 | -$7.5M4 |
| Shares outstanding | 153.9M shares12 | 164.4M shares5 | 187.9M shares6 | 193.0M shares7 | 237.2M shares13 | 249.9M shares9 | 4.7M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$5.6M5 | -$5.9M6 | -$5.3M7 | -$5.0M8 | -$6.0M9 | -$4.5M4 | -$3.4M4 |
| Stock-based compensation | $499.6K4 | $249.6K4 | |||||
| Capital spending | $8.7K5 | $15.4K6 | $07 | $2.5K8 | $3.3K9 | $04 | $4.5K4 |
| Free cash flow | -$5.6M | -$5.9M | -$5.3M | -$5.0M | -$6.0M | -$4.5M | -$3.4M |
| Cash from investing | $04 | -$4.5K4 | |||||
| Cash from financing | $2.9M4 | $2.9M4 |
Corporate structure
Arch Therapeutics, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Arch Therapeutics, Inc.
- Bigger Capital, LLC Filed SC 13G/A on Arch Therapeutics, Inc., latest Nov 13, 2024
- Michael Andrew Parker Filed SC 13G/A on Arch Therapeutics, Inc., latest Jan 22, 2024 (4 filings since Jan 12, 2022)
- Andrew Stahl Filed SC 13G on Arch Therapeutics, Inc., latest Aug 9, 2023
- Brandt Wilson Filed SC 13G on Arch Therapeutics, Inc., latest Jul 25, 2023
- BIGGER CAPITAL FUND L P Filed SC 13G on Arch Therapeutics, Inc., latest Jul 14, 2023
- Oasis Capital, LLC Filed SC 13G on Arch Therapeutics, Inc., latest Jul 12, 2023
- Arch Therapeutics, Inc. Framingham, Massachusetts
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Arch Therapeutics, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $33.8K9 Sep 30, 2022 | $33.8K9 Sep 30, 2021 | 0% |
| Accumulated depreciation | $31.7K9 Sep 30, 2022 | $28.5K9 Sep 30, 2021 | +11.2% |
| Property and equipment, net | $4.6K4 Sep 30, 2023 | $2.0K4 Sep 30, 2022 | +125.0% |
| Operating-lease assets (leased space) | $09 Sep 30, 2022 | $09 Sep 30, 2021 |
Inventory
Leadership
Who has led Arch Therapeutics, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerTerrence W. Norchi Jun 26, 2013 to Sep 8, 202314
- PresidentTerrence W. Norchi Jan 23, 2015 to Sep 8, 202315
- Chief financial officerMichael S. Abrams May 10, 2021 to Sep 8, 202316
- Chief financial officerRichard E. Davis Jul 8, 2014 to Dec 23, 201917
- Chief financial officerAlan Barber Jun 26, 2013 to Sep 11, 201318
- Chief operating officerWilliam M. Cotter Jul 12, 2013 to Mar 25, 201419
Board members and other officers (9)
- Vice President, SalesDan Yrigoyen Aug 11, 2021 to Nov 10, 202220
- OfficerTerrence W. Norchi Mar 25, 2014 to Mar 25, 201421
- Board memberGuy L. Fish Jan 4, 2022 to Nov 10, 202222
- Board memberLaurence Hicks Oct 12, 2021 to Sep 8, 202323
- Board memberPunit Dhillon Jul 20, 2018 to Nov 10, 202224
- Board memberJames R. Sulat Aug 20, 2015 to Oct 1, 202125
- Board memberArthur L. Rosenthal Jun 26, 2013 to Jan 23, 201526
- Board memberAvtar S. Dhillon Jun 26, 2013 to Jul 20, 201827
- Board memberTerrence W. Norchi Jun 26, 2013 to Sep 8, 202314
Former names
- ALMAH,INCJan 5, 2012 to May 24, 20132
Timeline
- May 23, 20258-K Bankruptcy or receivership; Debt or obligation accelerated; Listing notice or transfer28
- Feb 7, 20258-K Executive or director change29
- Jan 23, 20258-K Entered a material agreement; New debt or obligation; Unregistered sale of shares30
- Nov 7, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares31
- Nov 4, 20248-K Entered a material agreement32
- Sep 26, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares33
- Sep 19, 20248-K Entered a material agreement34
- Sep 13, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares35
- Aug 30, 20248-K Executive or director change36
- Aug 20, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares37
- Aug 16, 20248-K Executive or director change38
- Aug 16, 20248-K Entered a material agreement39
- Jun 26, 2013New chief executive Terrence W. Norchi becomes CEO14
Filings
154 filings to the SEC since October 2021: 5 annual reports, 9 quarterly reports, 60 major events, 22 insider forms, 9 large holders, 1 private raises, 48 other. The latest 20:
- Jan 12, 202615-12G EDGAR
- May 23, 20258-K EDGAR
- May 23, 2025RW EDGAR
- Feb 7, 20258-K EDGAR
- Jan 23, 20258-K EDGAR
- Dec 31, 2024NT 10-K EDGAR
- Nov 13, 2024SC 13G/A EDGAR
- Nov 7, 20248-K EDGAR
- Nov 4, 20248-K EDGAR
- Sep 26, 20248-K EDGAR
- Sep 19, 20248-K EDGAR
- Sep 13, 20248-K EDGAR
- Aug 30, 20248-K EDGAR
- Aug 20, 20248-K EDGAR
- Aug 19, 202410-Q EDGAR
- Aug 16, 20248-K EDGAR
- Aug 16, 20248-K EDGAR
- Aug 14, 2024NT 10-Q EDGAR
- Aug 2, 20248-K EDGAR
- Jul 22, 20248-K EDGAR
The 154 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 31, 2023 | ABRAMS MICHAEL SCHIEF FINANCIAL OFFICER | Buy | 10,292 | $0.28 | $2.9K | Form 4 |
| Aug 31, 2023 | Norchi Terrence WPRESIDENT AND CHIEF EXECUTIVE | Buy | 6,862 | $0.28 | $1.9K | Form 4 |
| Aug 31, 2023 | Hicks LaurenceDirector | Buy | 10,292 | $0.28 | $2.9K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Bigger Capital, LLCSC 13G/A, 1 filing Nov 13, 202440
- Michael Andrew ParkerSC 13G/A, 4 filings Jan 12, 2022 to Jan 22, 202441
- Andrew StahlSC 13G, 1 filing Aug 9, 202342
- Brandt WilsonSC 13G, 1 filing Jul 25, 202343
- BIGGER CAPITAL FUND L PSC 13G, 1 filing Jul 14, 202344
- Oasis Capital, LLCSC 13G, 1 filing Jul 12, 202345
Money raised
Private offerings the company reported to the SEC on Form D.
- Jul 6, 2022Raised $4.2 million in a private offering of equity Form D: 16 investors so far Form D
SEC filer profile
How Arch Therapeutics, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARArch Therapeutics, Inc.1
- CIK0001537561
- Employer ID (EIN)46-05241021
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inNevada1
- Fiscal year endsSeptember 301
- Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address235 Walnut Street, Suite 6, Framingham, MA 017021
- Phone617-431-23131
- Shares outstanding4,444,364 as of Aug 19, 202411
- Public float$4.0M as of Mar 31, 202346
- On EDGAR sinceJan 5, 20121
- Filings558 in all: 8-K (156), 424B3 (147), 4 (58), 10-Q (38), EFFECT (16), CORRESP (13), 10-K (12), 3 (12)1
All 35 form types
S-1/A (12), SC 13G/A (12), S-8 (9), UPLOAD (9), S-1 (8), D (7), POS AM (6), SC 13G (5), 424B5 (4), NT 10-Q (4), S-3 (4), S-3/A (4), 10-K/A (3), 8-K/A (2), DEF 14A (2), NT 10-K (2), PRE 14A (2), SC 13D (2), 15-12G (1), 4/A (1), 424B4 (1), 8-A12G (1), CT ORDER (1), DEF 14C (1), DEFR14A (1), PRE 14C (1), RW (1)
- Latest filingsAnnual report (10-K) Feb 15, 2024
Quarterly report (10-Q) Aug 19, 2024
Proxy statement (DEF 14A) Aug 30, 2022
Latest 8-K (8-K) May 23, 2025
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15SEC EDGARTerrence W. Norchi, President
- 16
- 17
- 18SEC EDGARAlan Barber, Chief financial officer
- 19
- 20SEC EDGARDan Yrigoyen, Vice President, Sales
- 21SEC EDGARTerrence W. Norchi, Officer
- 22SEC EDGARGuy L. Fish, Board member
- 23SEC EDGARLaurence Hicks, Board member
- 24SEC EDGARPunit Dhillon, Board member
- 25SEC EDGARJames R. Sulat, Board member
- 26SEC EDGARArthur L. Rosenthal, Board member
- 27SEC EDGARAvtar S. Dhillon, Board member
- 28
- 29SEC EDGARExecutive or director change
- 30
- 31
- 32SEC EDGAREntered a material agreement
- 33
- 34SEC EDGAREntered a material agreement
- 35
- 36SEC EDGARExecutive or director change
- 37
- 38SEC EDGARExecutive or director change
- 39SEC EDGAREntered a material agreement
- 40
- 41
- 42
- 43
- 44
- 45
- 46