earnings
confidence high
sentiment negative
materiality 0.60
HeartSciences reports no FY2025 revenue, $1.1M cash; advances MyoVista platform
HeartSciences Inc.
- Zero revenue for fiscal year ended April 30, 2025; cash and equivalents $1.1M, shareholders' equity $0.2M.
- Raised $3.1M gross in Reg A+ offering post-year-end; converted $0.9M debt to equity.
- Launched MyoVista Insights cloud software platform in May 2025 at early adopter sites.
- MyoVista wavECG device nearing FDA 510(k) submission; CMS approved $128/test reimbursement for AI-ECG algorithms.
- FDA Breakthrough Device designation for aortic stenosis algorithm; 44 granted patents worldwide.
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