---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027850"
form_type: "8-K"
ticker: "AIFF"
cik: "0000803578"
company_name: "FIREFLY NEUROSCIENCE, INC."
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T15:26:37.217487+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WaveDancer Q3 2022 revenue down 47% to $2.3M, net loss $4.7M including goodwill impairment

## Summary
- Total revenues $2.3M vs $4.3M YoY; professional fees $2.1M vs $2.8M.
- Gross profit $0.48M vs $0.98M; gross margin 20.9% vs 22.8%.
- Net loss $(4.7)M includes $2.3M goodwill impairment, vs $(0.1)M loss.
- Adjusted EBITDA $(1.5)M vs $0.1M positive.
- Signed first commercial customer for Maverix platform; advanced discussions with others.

## SEC filing metadata
- accession: 0001437749-22-027850
- form_type: 8-K
- ticker: AIFF
- cik: 0000803578
- company_name: FIREFLY NEUROSCIENCE, INC.
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/803578/000143774922027850/0001437749-22-027850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/803578/000143774922027850/iaic20221121_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027850
- JSON: https://secwatch.observer/filing/0001437749-22-027850.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027850.txt

## Key facts
- Earnings Releases
  FIREFLY NEUROSCIENCE, INC. reported the nine months ended September 30, 2022 results: revenue $9.6 million, net income $(8.3) million.
  - Period: the nine months ended September 30, 2022
  - Revenue: $9.6 million
  - Net income: $(8.3) million
  - Result: reported results
  source text: Nine Months 2022 Key Financial Items (all comparisons to prior year period unless otherwise noted) ● Total revenues decreased to $9.6 million, compared with $12.5 million. ● Professional fees decreased to $7.0 million, down from $8.6 million. ● Gross margin for our Tellenger business unit improved to 25.8% compared with 23.7%; higher-margin professional fees accounted for 71.3% of revenues. ● Net loss of $(8.3) million, including a goodwill impairment charge of $2.3 million, compared with net income of $0.2 million. ● Adjusted EBITDA of $(4.6) million, compared with $0.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/803578/000143774922027850/0001437749-22-027850-index.htm
- Earnings Releases
  FIREFLY NEUROSCIENCE, INC. reported the three months ended September 30, 2022 results: revenue $2.3 million, net income $(4.7) million.
  - Period: the three months ended September 30, 2022
  - Revenue: $2.3 million
  - Net income: $(4.7) million
  - Result: reported results
  source text: Total revenues decreased to $2.3 million, compared with $4.3 million. ● Professional fees decreased to $2.1 million, down from $2.8 million. ● Gross profit decreased to $0.48 million, compared with $0.98 million. ● Gross margin declined to 20.9% from 22.8%; higher-margin professional fees accounted for 91.7% of revenues. ● Net loss of $(4.7) million, including a goodwill impairment charge of $2.3 million, compared with net loss of $(0.1) million. ● Adjusted EBITDA 1 of $(1.5) million, compared with $0.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/803578/000143774922027850/0001437749-22-027850-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.