NASDAQ : HSCS
HeartSciences Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 3.61 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 17.33M
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Financial statements
HeartSciences Inc. (HSCS) reported revenue of 4.52K USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 4.52K | 4.32K | 4.35K | 18.60K | 5.15K | 14.37K |
| Cost of Revenue | 1.77K | 1.77K | 1.88K | 6.08K | 2.80K | 7.89K |
| Gross Profit | 2.75K | 2.55K | 2.47K | 12.52K | 2.35K | 6.48K |
| Selling, General & Admin | 6.73M | 5.58M | 3.97M | 3.44M | 3.65M | 1.71M |
| Research & Development | 2.75M | 2.84M | 4.39M | 2.88M | 2.46M | 3.00M |
| Operating Expenses | 9.48M | 8.42M | 8.36M | 6.32M | 6.12M | 4.72M |
| Operating Income | -9.48M | -8.41M | -8.35M | -6.31M | -6.11M | -4.71M |
| Interest Expense | -804.61K | -753.04K | -500.45K | -354.08K | -243.17K | -371.62K |
| Interest & Investment Income | 24.03K | 24.03K | 87.80K | |||
| Other Non Operating Income (Expenses) | -806.00 | 54.64K | 1.85K | 2.56K | ||
| EBT Excluding Unusual Items | -10.26M | -9.14M | -8.77M | -6.61M | -6.35M | -5.08M |
| Other Unusual Items | 250.20K | |||||
| Pretax Income | -10.26M | -9.14M | -8.77M | -6.61M | -6.35M | -4.83M |
| Net Income | -10.26M | -9.14M | -8.77M | -6.61M | -6.35M | -4.83M |
| Net Income to Common | -10.26M | -9.14M | -8.77M | -6.61M | -6.35M | -4.83M |
| Shares Outstanding (Basic) | 3.22M | 2.63M | 938.26K | 352.52K | 79.51K | 33.19K |
| Shares Outstanding (Diluted) | 3.22M | 2.63M | 938.26K | 352.52K | 79.51K | 33.19K |
| EPS (Basic) | -3.19 | -3.48 | -9.34 | -18.74 | -79.92 | -145.48 |
| EPS (Diluted) | -3.19 | -3.48 | -9.34 | -18.74 | -79.92 | -145.48 |
| Free Cash Flow | -6.80M | -7.43M | -7.42M | -6.13M | -5.79M | -3.65M |
| Free Cash Flow Per Share | -2.11 | -2.83 | -7.90 | -17.40 | -72.85 | -109.86 |
| Gross Margin | 60.88% | 59.06% | 56.78% | 67.31% | 45.71% | 45.11% |
| Operating Margin | -209,733.08% | -194,787.38% | -192,013.13% | -33,901.99% | -118,698.33% | -32,765.60% |
| Profit Margin | -227,024.23% | -211,666.47% | -201,499.52% | -35,511.87% | -123,384.27% | -33,592.57% |
| Free Cash Flow Margin | -150,381.79% | -172,036.61% | -170,486.23% | -32,981.93% | -112,463.79% | -25,367.54% |
| EBITDA | -9.45M | -8.39M | -8.31M | -6.28M | -6.09M | -4.68M |
| D&A For EBITDA | 27.01K | 27.79K | 37.60K | 27.89K | 26.91K | 26.57K |
| EBIT | -9.48M | -8.41M | -8.35M | -6.31M | -6.11M | -4.71M |
Balance sheet
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 29.91K | 1.66M | 1.10M | 5.81M | 1.66M | 918.26K |
| Cash & Short-Term Investments | 29.91K | 1.66M | 1.10M | 5.81M | 1.66M | 918.26K |
| Receivables | 4.35K | 2.32K | ||||
| Inventory | 402.99K | 655.63K | 650.27K | 629.18K | 676.36K | 674.14K |
| Prepaid Expenses | 213.34K | 83.05K | 87.44K | 183.70K | 143.46K | 49.38K |
| Other Current Assets | 165.54K | 187.44K | 331.30K | 733.36K | 216.29K | 286.77K |
| Total Current Assets | 811.77K | 2.58M | 2.17M | 7.35M | 2.70M | 1.93M |
| Property, Plant & Equipment | 272.85K | 307.38K | 435.18K | 559.97K | 590.65K | 158.57K |
| Other Intangible Assets | 2.65M | 2.37M | 1.62M | 1.59M | ||
| Total Assets | 3.74M | 5.26M | 4.22M | 9.50M | 3.29M | 2.09M |
| Accounts Payable | 1.02M | 318.33K | 318.66K | 448.18K | 631.37K | 694.75K |
| Accrued Expenses | 561.82K | 760.41K | 683.93K | 667.14K | 623.39K | 1.05M |
| Current Portion of Long-Term Debt | 3.72M | 3.62M | 2.55M | 500.00K | 500.00K | 1.63M |
| Current Portion of Leases | 144.30K | 139.03K | 119.52K | 102.29K | 29.54K | 90.97K |
| Other Current Liabilities | 181.13K | 21.23K | 29.93K | 34.15K | 48.60K | 1.22K |
| Total Current Liabilities | 5.63M | 4.86M | 3.70M | 1.75M | 1.83M | 3.47M |
| Long-Term Debt | 500.00K | 4.44M | ||||
| Long-Term Leases | 137.27K | 175.50K | 314.53K | 434.05K | 536.34K | |
| Other Long-Term Liabilities | 187.45K | 232.87K | ||||
| Total Liabilities | 5.77M | 5.04M | 4.02M | 2.19M | 3.06M | 8.15M |
| Common Stock | 3.90K | 3.19K | 1.12K | 677.00 | 101.00 | 3.32K |
| Additional Paid-In Capital | 86.40M | 85.49M | 76.33M | 74.68M | 60.99M | 48.34M |
| Retained Earnings | -88.44M | -85.27M | -76.13M | -67.36M | -60.76M | -54.40M |
| Total Common Equity | -2.03M | 225.15K | 204.79K | 7.32M | 230.18K | -6.06M |
| Shareholders' Equity | -2.03M | 226.06K | 205.17K | 7.32M | 230.56K | -6.06M |
| Total Liabilities & Equity | 3.74M | 5.26M | 4.22M | 9.50M | 3.29M | 2.09M |
| Total Debt | 4.00M | 3.94M | 2.99M | 1.04M | 1.57M | 6.16M |
| Net Cash (Debt) | -3.97M | -2.28M | -1.89M | 4.77M | 94.60K | -5.24M |
| Net Cash Per Share | -1.24 | -0.87 | -2.01 | 13.53 | 1.19 | -158.02 |
| Filing Date Shares Outstanding | 4.80M | 3.90M | 1.93M | 855.97K | 103.62K | 82.36K |
| Total Common Shares Outstanding | 3.90M | 3.19M | 1.12M | 676.60K | 101.18K | 33.24K |
| Working Capital | -4.82M | -2.28M | -1.53M | 5.60M | 863.69K | -1.54M |
| Book Value Per Share | -0.52 | 0.07 | 0.18 | 10.81 | 2.27 | -182.20 |
| Tangible Book Value | -4.69M | -2.15M | -1.41M | 5.73M | 230.18K | -6.06M |
| Tangible Book Value Per Share | -1.20 | -0.67 | -1.26 | 8.47 | 2.27 | -182.20 |
| Machinery | 571.65K | 571.65K | 568.10K | 564.94K | 500.48K | 482.18K |
| Leasehold Improvements | 32.81K | 32.81K | 32.81K | 32.81K | 32.81K | 32.81K |
Cash flow statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -10.26M | -9.14M | -8.77M | -6.61M | -6.35M | -4.83M |
| Depreciation & Amortization | 134.20K | 131.35K | 127.96K | 95.13K | 135.45K | 26.57K |
| Other Amortization | 1.24M | 1.24M | 285.87K | 103.59K | 61.38K | 156.72K |
| Stock-Based Compensation | 1.88M | 1.31M | 249.88K | 505.02K | 248.31K | 68.40K |
| Other Operating Activities | 360.21K | 108.33K | 170.64K | 335.63K | 70.13K | -192.31K |
| Change in Accounts Receivable | 4.35K | -4.35K | 2.32K | -2.32K | ||
| Change in Inventory | -5.36K | -5.36K | -21.09K | 47.18K | -2.22K | 76.64K |
| Change in Accounts Payable | 739.54K | -334.00 | -129.52K | -183.19K | 37.82K | 358.96K |
| Change in Other Net Operating Assets | -873.72K | -1.08M | 672.85K | -368.36K | 27.52K | 691.47K |
| Operating Cash Flow | -6.79M | -7.43M | -7.41M | -6.07M | -5.77M | -3.64M |
| Capital Expenditures | -3.55K | -3.55K | -3.16K | -64.45K | -18.31K | -1.93K |
| Sale (Purchase) of Intangibles | -320.19K | -40.90K | -27.03K | -60.82K | ||
| Investing Cash Flow | -323.75K | -44.45K | -30.19K | -125.27K | -18.31K | -1.93K |
| Short-Term Debt Issued | 334.25K | 500.00K | ||||
| Long-Term Debt Issued | 3.00M | 1.85M | 4.23M | |||
| Total Debt Issued | 3.00M | 3.00M | 1.85M | 334.25K | 4.73M | |
| Short-Term Debt Repaid | -450.00K | -500.00K | ||||
| Long-Term Debt Repaid | -242.17K | -264.25K | -291.62K | -398.26K | ||
| Lease Payments | -291.62K | |||||
| Total Debt Repaid | -582.28K | -692.17K | -264.25K | -291.62K | -398.26K | -500.00K |
| Net Debt Issued (Repaid) | 2.42M | 2.31M | 1.59M | 42.62K | -398.26K | 4.23M |
| Issuance of Common Stock | 183.07K | 172.84K | 1.15M | 10.30M | 6.92M | |
| Other Financing Activities | 17.25K | -385.14K | ||||
| Financing Cash Flow | 4.35M | 8.03M | 2.73M | 10.34M | 6.53M | 3.84M |
| Net Cash Flow | -2.76M | 558.72K | -4.71M | 4.15M | 742.21K | 194.78K |
| Free Cash Flow | -6.80M | -7.43M | -7.42M | -6.13M | -5.79M | -3.65M |
| Free Cash Flow Margin | -150,381.79% | -172,036.61% | -170,486.23% | -32,981.93% | -112,463.79% | -25,367.54% |
| Free Cash Flow Per Share | -2.11 | -2.83 | -7.90 | -17.40 | -72.85 | -109.86 |
| Levered Free Cash Flow | -2.24M | -2.87M | -4.54M | -4.25M | -4.02M | -1.90M |
| Unlevered Free Cash Flow | -2.23M | -2.90M | -4.52M | -4.13M | -3.92M | -1.82M |
| Free Cash Flow After Leases | -6.80M | -7.43M | -7.42M | -6.43M | -5.79M | -3.65M |
| Change in Working Capital | -139.54K | -1.08M | 517.89K | -504.36K | 65.45K | 1.12M |
Ratios
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.35M | 6.21M | 3.79M | 6.06M | 8.64M | |
| Enterprise Value | 18.33M | 6.68M | 4.18M | 40.95K | 8.39M | |
| Last Close Price | 2.99 | 1.95 | 3.50 | 9.24 | 88.75 | |
| PS Ratio | 3,176.04 | 1,438.50 | 870.97 | 325.69 | 1,678.48 | |
| PB Ratio | 27.48 | 18.47 | 0.83 | 37.49 | ||
| P/TBV Ratio | 1.06 | 37.55 | ||||
| EV/Sales Ratio | 4,055.57 | 1,547.56 | 960.84 | 2.20 | 1,629.68 | |
| Debt / Equity Ratio | -1.97 | 17.41 | 14.55 | 0.14 | 6.79 | -1.02 |
| Net Debt / Equity Ratio | -1.96 | 10.09 | 9.20 | -0.65 | -0.41 | -0.87 |
| Net Debt / EBITDA Ratio | -0.42 | -0.27 | -0.23 | 0.76 | 0.02 | -1.12 |
| Net Debt / FCF Ratio | -0.58 | -0.31 | -0.25 | 0.78 | 0.02 | -1.44 |
| Asset Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 |
| Quick Ratio | 0.01 | 0.34 | 0.30 | 3.31 | 0.91 | 0.27 |
| Current Ratio | 0.14 | 0.53 | 0.59 | 4.20 | 1.47 | 0.56 |
| Return on Equity (ROE) | -1,851.90% | -4,239.91% | -233.04% | -175.02% | ||
| Return on Assets (ROA) | -116.44% | -110.86% | -76.06% | -61.63% | -142.12% | -146.55% |
| Return on Capital Employed (ROCE) | 499.90% | -2,095.00% | -1,607.20% | -81.40% | -420.30% | 341.00% |
| Earnings Yield | -106.67% | -147.14% | -231.35% | -109.03% | -73.51% | |
| FCF Yield | -47.35% | -119.59% | -195.74% | -101.27% | -67.00% | |
| Buyback Yield / Dilution | -200.72% | -179.82% | -166.16% | -343.39% | -139.56% | -0.15% |