earnings
confidence high
sentiment neutral
materiality 0.50
HeartSciences reports Q2 FY2025 zero revenue; cash $4.1M; MyoVista device on track for FDA submission Q1 2025
HeartSciences Inc.
2025-Q2 EPS
reported -$4.88
vs consensus -$2.29
▼ miss
(-112.6%)
- No revenue in Q2 FY2025; cash and equivalents $4.1M, shareholders' equity ~$4.0M at Oct 31, 2024.
- MyoVista wav ECG device on track for FDA submission around Q1 2025; final pre-submission meeting with FDA requested.
- MyoVista Insights Phase 1 (no regulatory clearance) completion by end of 2024; test sites targeted H1 2025. Phase 2 AI-ECG clearance target H2 2025.
- Pre-validation of Mount Sinai-licensed low ejection fraction AI-ECG algorithm progressing; CMS 2025 OPPS final rule includes reimbursement path.