NASDAQ : AIFF
Firefly Neuroscience, Inc. — Financial statements
Technology · Software - Application · United States
Last price 1 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.69M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Firefly Neuroscience, Inc. (AIFF) reported revenue of 1.80M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.80M | 1.14M | 108.00K | 498.00K | 32.00K | |
| Cost of Revenue | 997.00K | 497.00K | ||||
| Gross Profit | 802.00K | 645.00K | 108.00K | 498.00K | 32.00K | |
| Selling, General & Admin | 7.86M | 7.72M | 7.33M | 2.83M | 2.07M | 1.76M |
| Research & Development | 1.78M | 1.48M | 1.95M | 741.00K | 1.30M | 2.93M |
| Operating Expenses | 9.64M | 9.20M | 9.29M | 3.58M | 3.37M | 4.69M |
| Operating Income | -8.84M | -8.55M | -9.18M | -3.08M | -3.37M | -4.65M |
| Interest Expense | -29.00K | -159.00K | -69.00K | -18.00K | -440.00K | -135.00K |
| Interest & Investment Income | 114.00K | 89.00K | ||||
| Currency Exchange Gain (Loss) | -2.00K | -5.00K | 11.00K | 37.00K | -134.00K | |
| Other Non Operating Income (Expenses) | -48.00K | -9.59M | -346.00K | 457.00K | 7.00K | -3.00K |
| EBT Excluding Unusual Items | -8.80M | -18.22M | -9.58M | -2.60M | -3.93M | -4.79M |
| Merger & Restructuring Charges | -50.00K | -50.00K | ||||
| Gain (Loss) on Sale of Investments | 551.00K | |||||
| Gain (Loss) on Sale of Assets | 166.00K | 309.00K | ||||
| Asset Writedown | -251.00K | -251.00K | -874.00K | -79.00K | ||
| Other Unusual Items | -1.35M | -59.00K | -449.00K | |||
| Pretax Income | -9.11M | -19.88M | -10.46M | -2.60M | -3.90M | -4.38M |
| Income Tax Expense | 1.00K | 5.00K | 2.00K | 1.00K | ||
| Net Income | -9.11M | -19.88M | -10.46M | -2.60M | -3.90M | -4.38M |
| Preferred Dividends & Other Adjustments | 329.00K | 4.65M | ||||
| Net Income to Common | -9.44M | -24.53M | -10.46M | -2.60M | -3.90M | -4.38M |
| Shares Outstanding (Basic) | 15.63M | 12.44M | 6.55M | 3.23M | 1.38M | |
| Shares Outstanding (Diluted) | 15.63M | 12.44M | 6.55M | 3.23M | 1.38M | |
| EPS (Basic) | -0.60 | -1.97 | -1.60 | -0.81 | -2.83 | |
| EPS (Diluted) | -0.60 | -1.97 | -1.60 | -0.81 | -2.83 | |
| Free Cash Flow | -7.20M | -8.32M | -6.30M | -2.17M | -2.89M | -3.82M |
| Free Cash Flow Per Share | -0.46 | -0.67 | -0.96 | -0.67 | -2.10 | |
| Gross Margin | 44.58% | 56.48% | 100.00% | 100.00% | 100.00% | |
| Operating Margin | -491.38% | -749.12% | -8,500.00% | -618.07% | -14,543.75% | |
| Profit Margin | -524.51% | -2,148.07% | -9,685.18% | -522.69% | -13,690.62% | |
| Free Cash Flow Margin | -400.22% | -728.72% | -5,836.11% | -436.14% | -11,937.50% | |
| EBITDA | -8.72M | -8.46M | -9.17M | -3.06M | -3.35M | -4.22M |
| D&A For EBITDA | 121.00K | 91.00K | 12.00K | 14.00K | 14.00K | 429.00K |
| EBIT | -8.84M | -8.55M | -9.18M | -3.08M | -3.37M | -4.65M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.23M | 2.75M | 1.81M | 2.14M | 58.00K | 653.00K |
| Cash & Short-Term Investments | 9.23M | 2.75M | 1.81M | 2.14M | 58.00K | 653.00K |
| Accounts Receivable | 128.00K | 194.00K | 121.00K | 84.00K | ||
| Other Receivables | 60.00K | 19.00K | 41.00K | |||
| Receivables | 188.00K | 194.00K | 121.00K | 84.00K | 19.00K | 41.00K |
| Inventory | 44.00K | 108.00K | ||||
| Prepaid Expenses | 373.00K | 198.00K | 280.00K | 28.00K | 6.00K | 9.00K |
| Other Current Assets | 394.00K | 780.00K | 417.00K | |||
| Total Current Assets | 10.22M | 4.03M | 2.63M | 2.25M | 83.00K | 703.00K |
| Property, Plant & Equipment | 230.00K | 146.00K | 136.00K | 188.00K | ||
| Goodwill | 5.17M | 5.17M | ||||
| Other Intangible Assets | 177.00K | 213.00K | 180.00K | 386.00K | 1.00K | |
| Long-Term Deferred Charges | 609.00K | 648.00K | 974.00K | |||
| Other Long-Term Assets | 352.00K | 268.00K | 683.00K | 52.00K | 61.00K | |
| Total Assets | 16.77M | 10.48M | 4.60M | 2.64M | 135.00K | 953.00K |
| Accounts Payable | 881.00K | 1.35M | 1.82M | 630.00K | 420.00K | 500.00K |
| Accrued Expenses | 524.00K | 261.00K | 1.63M | 1.90M | 855.00K | 753.00K |
| Short-Term Debt | 694.00K | 177.00K | 2.25M | |||
| Current Portion of Leases | 505.00K | |||||
| Current Unearned Revenue | 215.00K | 228.00K | 13.00K | 909.00K | 459.00K | |
| Other Current Liabilities | 478.00K | 478.00K | 827.00K | |||
| Total Current Liabilities | 2.10M | 2.82M | 4.98M | 2.53M | 2.36M | 3.97M |
| Long-Term Unearned Revenue | 7.00K | 21.00K | ||||
| Total Liabilities | 2.10M | 2.84M | 4.98M | 2.53M | 2.36M | 3.97M |
| Common Stock | 2.00K | 1.00K | ||||
| Additional Paid-In Capital | 130.22M | 119.25M | 86.71M | 76.73M | 71.80M | 61.89M |
| Retained Earnings | -115.56M | -111.61M | -87.08M | -76.62M | -74.02M | -67.33M |
| Total Common Equity | 14.66M | 7.64M | -375.00K | 109.00K | -2.23M | -5.44M |
| Shareholders' Equity | 14.66M | 7.64M | -375.00K | 109.00K | -2.23M | -3.01M |
| Total Liabilities & Equity | 16.77M | 10.48M | 4.60M | 2.64M | 135.00K | 953.00K |
| Total Debt | 505.00K | 694.00K | 177.00K | 2.25M | ||
| Net Cash (Debt) | 9.23M | 2.24M | 1.12M | 2.14M | -119.00K | -1.60M |
| Net Cash Per Share | 0.59 | 0.18 | 0.17 | 0.66 | -0.09 | |
| Filing Date Shares Outstanding | 15.69M | 14.79M | 11.62M | 35.37M | 2.55M | |
| Total Common Shares Outstanding | 15.68M | 13.96M | 8.12M | 35.37M | 2.55M | |
| Working Capital | 8.13M | 1.21M | -2.35M | -277.00K | -2.28M | -3.26M |
| Book Value Per Share | 0.93 | 0.55 | -0.05 | 0.00 | -0.87 | |
| Tangible Book Value | 9.31M | 2.25M | -555.00K | -277.00K | -2.23M | -5.44M |
| Tangible Book Value Per Share | 0.59 | 0.16 | -0.07 | -0.01 | -0.87 | |
| Machinery | 188.00K | 180.00K | 148.00K | 3.98M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.11M | -19.88M | -10.46M | -2.60M | -3.90M | -4.38M |
| Depreciation & Amortization | 121.00K | 91.00K | 12.00K | 14.00K | 429.00K | |
| Other Amortization | 81.00K | 81.00K | 55.00K | |||
| Loss (Gain) From Sale of Assets | 45.00K | -87.00K | -308.00K | |||
| Asset Writedown & Restructuring Costs | 251.00K | 251.00K | 874.00K | |||
| Loss (Gain) From Sale of Investments | -551.00K | |||||
| Stock-Based Compensation | 1.82M | 1.35M | 2.59M | 295.00K | 60.00K | 608.00K |
| Other Operating Activities | 141.00K | 11.10M | 325.00K | 519.00K | 576.00K | |
| Change in Accounts Receivable | -28.00K | -28.00K | -37.00K | -65.00K | 27.00K | 36.00K |
| Change in Inventory | 64.00K | -37.00K | ||||
| Change in Accounts Payable | -621.00K | -630.00K | 883.00K | 35.00K | -80.00K | 206.00K |
| Change in Unearned Revenue | -104.00K | -44.00K | 13.00K | -909.00K | 450.00K | -370.00K |
| Change in Other Net Operating Assets | 344.00K | -443.00K | -414.00K | 1.07M | 109.00K | -65.00K |
| Operating Cash Flow | -6.99M | -8.19M | -6.16M | -2.17M | -2.89M | -3.82M |
| Capital Expenditures | -209.00K | -128.00K | -148.00K | |||
| Sale of Property, Plant & Equipment | 262.00K | 597.00K | ||||
| Cash Acquisitions | -2.36M | |||||
| Sale (Purchase) of Intangibles | -267.00K | -386.00K | ||||
| Investment in Securities | 1.00M | |||||
| Other Investing Activities | -62.00K | |||||
| Investing Cash Flow | -209.00K | -2.49M | -477.00K | -386.00K | 262.00K | 1.60M |
| Short-Term Debt Issued | 1.75M | 2.04M | ||||
| Long-Term Debt Issued | 2.53M | 1.96M | ||||
| Total Debt Issued | 2.53M | 2.53M | 1.96M | 1.75M | 2.04M | |
| Net Debt Issued (Repaid) | 2.53M | 2.53M | 1.96M | 1.75M | 2.04M | |
| Issuance of Common Stock | 7.98M | 9.09M | 4.34M | 4.64M | 290.00K | |
| Financing Cash Flow | 10.51M | 11.62M | 6.30M | 4.64M | 2.04M | 2.04M |
| Net Cash Flow | 3.31M | 937.00K | -333.00K | 2.08M | -595.00K | -181.00K |
| Free Cash Flow | -7.20M | -8.32M | -6.30M | -2.17M | -2.89M | -3.82M |
| Free Cash Flow Margin | -400.22% | -728.72% | -5,836.11% | -436.14% | -11,937.50% | |
| Free Cash Flow Per Share | -0.46 | -0.67 | -0.96 | -0.67 | -2.10 | |
| Levered Free Cash Flow | -4.41M | -7.08M | -2.49M | -1.76M | -1.81M | |
| Unlevered Free Cash Flow | -4.39M | -6.98M | -2.45M | -1.75M | -1.53M | |
| Cash Interest Paid | 11.00K | |||||
| Change in Working Capital | -345.00K | -1.18M | 445.00K | 136.00K | 506.00K | -193.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.69M | 11.81M | 22.53M | |||
| Enterprise Value | 6.46M | 7.48M | 21.30M | |||
| Last Close Price | 1.00 | 0.88 | 2.65 | |||
| PS Ratio | 8.72 | 10.34 | 208.65 | |||
| PB Ratio | 1.07 | 1.55 | -60.09 | |||
| P/TBV Ratio | 1.69 | 5.25 | ||||
| EV/Sales Ratio | 3.59 | 6.55 | 197.26 | |||
| Debt / Equity Ratio | 0.07 | -1.85 | -0.08 | -0.75 | ||
| Net Debt / Equity Ratio | -0.63 | -0.29 | 2.98 | -19.66 | -0.05 | -0.53 |
| Net Debt / EBITDA Ratio | 1.06 | 0.27 | 0.12 | 0.70 | -0.04 | -0.38 |
| Net Debt / FCF Ratio | 1.28 | 0.27 | 0.18 | 0.99 | -0.04 | -0.42 |
| Asset Turnover | 0.11 | 0.15 | 0.03 | 0.36 | ||
| Quick Ratio | 4.49 | 1.04 | 0.39 | 0.88 | 0.03 | 0.17 |
| Current Ratio | 4.87 | 1.43 | 0.53 | 0.89 | 0.04 | 0.18 |
| Return on Equity (ROE) | -68.06% | -547.56% | ||||
| Return on Assets (ROA) | -34.85% | -70.92% | -158.45% | -138.60% | -386.60% | |
| Return on Capital Employed (ROCE) | -60.30% | -111.70% | 2,448.00% | -2,823.90% | 151.20% | 154.40% |
| Earnings Yield | -60.38% | -168.40% | -46.42% | |||
| FCF Yield | -45.89% | -70.49% | -27.97% | |||
| Buyback Yield / Dilution | -62.62% | -90.07% | -102.48% | -134.29% |