earnings
confidence medium
sentiment neutral
materiality 0.60
Picard Medical FY2025 revenue $4.94M (+12.5% YoY); U.S. rev +33.5%
Picard Medical, Inc.
- Revenue $4.94M (+12.5% YoY); U.S. revenue +33.5% to 88.25% of total.
- Net loss ~$27M (incl. $14.5M non-cash); cash burn $15.67M; IPO raised $35.55M.
- Emperor TAH in preclinical; FDA Breakthrough designation possible in 2026; 2028 clinical study target.
- Manufacturing: valve assembly in-house, driver transfer to China, second source qualification.