Picard Medical, Inc. (PMI): Nasdaq/NYSE listing notice — Picard Medical Q1 revenue up 85% to $1.2M; reports $1.4M negative equity, NYSE listing notices

Picard Medical, Inc.

Revenue $1.2M (+85% YoY); gross profit $0.3M (24% margin) vs gross loss of $0.4M in Q1 2025.
Net loss $7.6M including non-cash debt settlement and fair value charges.
Reduced senior secured note balance from ~$10.8M to ~$1.3M via cash, equity, and cashless transactions.
Subsequent public offering raised $5.0M gross; warrant exchange replaced 7M high-price warrants with 10M at $0.35.
Received NYSE American non-compliance notices for equity standards (deficit $1.4M); must submit plan by June 7, 2026.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Picard Medical, Inc. reported the first quarter ended March 31, 2026 results: revenue $1.2 million, net income $7.6 million.

Period: the first quarter ended March 31, 2026
Revenue: $1.2 million
Net income: $7.6 million
Result: reported results

Exact text from the filing

Revenue grew 85% to $1.2 million for the first quarter of 2026

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Picard Medical, Inc. received a nyse_american deficiency notice notice regarding other (rules 1003(a)(ii)).

Exchange: nyse american
Notice: deficiency notice
Rules: 1003(a)(ii)

Exact text from the filing

reviously disclosed, on May 8, 2026, the Company received a notice that it was not in compliance with Section 1003(a)(ii) (the “May 8 Notice,” and together with the May 15 Notice, the “ Notices ”). In connection with the

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Picard Medical, Inc. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(i)).

Exchange: nyse american
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 1003(a)(i)

Exact text from the filing

May 15, 2026, the Company received a written notice (the “May 15 Notice”) from the NYSE American LLC (the “NYSE American”) indicating that the Company is not in compliance with the NYSE American continued listing standar

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

Picard Medical, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-26-005568

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