NASDAQ : PLSM
Pulsenmore Ltd. — Financial statements
Technology · Software - Application · Israel
Last price 1.62 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 13.73M
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Financial statements
Pulsenmore Ltd. (PLSM) reported revenue of 42.10M ILS (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in ILS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 11.56M | 9.48M | 9.66M | 6.19M | 10.81M | 1.58M |
| Other Revenue | 30.54M | 30.54M | ||||
| Revenue | 42.10M | 40.02M | 9.66M | 6.19M | 10.81M | 1.58M |
| Cost of Revenue | 7.66M | 6.34M | 6.08M | 3.99M | 5.69M | 864.00K |
| Gross Profit | 34.45M | 33.68M | 3.58M | 2.20M | 5.12M | 714.00K |
| Selling, General & Admin | 28.97M | 28.50M | 25.66M | 26.39M | 21.70M | 11.81M |
| Research & Development | 17.78M | 17.35M | 20.13M | 31.40M | 29.62M | 10.85M |
| Other Operating Expenses | 6.00K | |||||
| Operating Expenses | 46.75M | 45.85M | 45.79M | 57.79M | 51.33M | 22.66M |
| Operating Income | -12.30M | -12.16M | -42.22M | -55.59M | -46.20M | -21.94M |
| Interest Expense | -11.51M | -315.00K | -502.00K | -586.00K | -323.00K | -267.00K |
| Interest & Investment Income | 2.95M | 3.54M | 5.32M | 6.85M | 3.09M | 76.00K |
| Currency Exchange Gain (Loss) | -5.56M | -5.56M | 552.00K | 6.42M | 10.62M | -4.33M |
| Other Non Operating Income (Expenses) | -1.35M | -1.35M | 52.00K | -15.55M | 10.70M | 839.00K |
| EBT Excluding Unusual Items | -27.77M | -15.85M | -36.79M | -58.44M | -22.12M | -25.62M |
| Pretax Income | -27.77M | -15.85M | -36.79M | -58.44M | -22.12M | -25.62M |
| Income Tax Expense | 1.00K | -56.00K | 127.00K | |||
| Net Income | -27.77M | -15.85M | -36.74M | -58.57M | -22.12M | -25.62M |
| Net Income to Common | -27.77M | -15.85M | -36.74M | -58.57M | -22.12M | -25.62M |
| Shares Outstanding (Basic) | 6.48M | 6.44M | 6.40M | 6.40M | 6.03M | 5.13M |
| Shares Outstanding (Diluted) | 6.48M | 6.44M | 6.40M | 6.40M | 6.03M | 5.13M |
| EPS (Basic) | -4.29 | -2.46 | -5.74 | -9.15 | -3.67 | -5.00 |
| EPS (Diluted) | -4.29 | -2.46 | -5.74 | -9.15 | -3.67 | -5.00 |
| Free Cash Flow | -35.05M | -33.01M | -41.97M | -53.59M | -32.03M | -26.81M |
| Free Cash Flow Per Share | -5.41 | -5.12 | -6.55 | -8.37 | -5.31 | -5.23 |
| Gross Margin | 81.82% | 84.16% | 37.03% | 35.57% | 47.38% | 45.25% |
| Operating Margin | -29.21% | -30.39% | -436.96% | -898.29% | -427.24% | -1,390.62% |
| Profit Margin | -65.95% | -39.61% | -380.25% | -946.46% | -204.54% | -1,623.89% |
| Free Cash Flow Margin | -83.24% | -82.48% | -434.43% | -866.03% | -296.18% | -1,698.73% |
| EBITDA | -10.38M | -10.33M | -40.37M | -54.19M | -45.79M | -21.77M |
| EBITDA Margin | -24.64% | -25.80% | ||||
| D&A For EBITDA | 1.93M | 1.84M | 1.84M | 1.39M | 409.00K | 178.00K |
| EBIT | -12.30M | -12.16M | -42.22M | -55.59M | -46.20M | -21.94M |
| EBIT Margin | -29.21% | -30.39% | ||||
| Revenue as Reported | 40.02M | 40.02M | 9.66M | 6.19M | ||
| Advertising Expenses | 4.56M | 4.27M | 3.55M | 3.56M | 2.32M |
Balance sheet
Fiscal year January - December; amounts in ILS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.58M | 21.60M | 41.17M | 23.87M | 15.37M | 112.86M |
| Short-Term Investments | 26.18M | 47.53M | 62.85M | 117.85M | 167.81M | 40.48M |
| Cash & Short-Term Investments | 69.76M | 69.14M | 104.02M | 141.72M | 183.18M | 153.34M |
| Accounts Receivable | 2.38M | 4.14M | 3.91M | 962.00K | 9.93M | 1.28M |
| Other Receivables | 1.83M | 743.00K | 652.00K | 930.00K | 1.44M | 4.04M |
| Receivables | 4.21M | 4.89M | 4.56M | 1.89M | 11.37M | 5.33M |
| Inventory | 6.34M | 6.59M | 23.09M | 23.69M | 14.25M | 4.48M |
| Prepaid Expenses | 377.00K | 293.00K | 206.00K | |||
| Restricted Cash | 140.00K | 140.00K | 140.00K | 140.00K | 140.00K | |
| Other Current Assets | 271.00K | 292.00K | 236.00K | 2.66M | 2.07M | |
| Total Current Assets | 80.32M | 81.40M | 132.40M | 167.88M | 211.59M | 165.36M |
| Property, Plant & Equipment | 5.84M | 7.11M | 9.43M | 12.02M | 9.12M | 1.80M |
| Other Long-Term Assets | 13.74M | 13.34M | 15.60M | |||
| Total Assets | 99.91M | 101.85M | 141.83M | 179.91M | 236.30M | 167.16M |
| Accounts Payable | 3.46M | 1.98M | 2.36M | 4.92M | 5.86M | 830.00K |
| Accrued Expenses | 1.97M | 6.39M | 5.77M | 4.46M | 3.67M | 2.14M |
| Current Portion of Leases | 840.00K | 1.02M | 999.00K | 923.00K | 863.00K | 554.00K |
| Other Current Liabilities | 37.40M | 938.00K | 5.13M | 5.21M | 5.16M | 3.19M |
| Total Current Liabilities | 43.67M | 10.33M | 14.26M | 15.52M | 15.55M | 6.71M |
| Long-Term Leases | 319.00K | 542.00K | 1.12M | 2.41M | 3.10M | 232.00K |
| Other Long-Term Liabilities | 7.58M | 7.89M | 29.56M | 29.75M | 30.14M | 6.48M |
| Total Liabilities | 51.57M | 18.76M | 44.94M | 47.68M | 48.79M | 13.43M |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 1.00K |
| Additional Paid-In Capital | 256.14M | 256.14M | 253.21M | 252.47M | 252.28M | 201.07M |
| Retained Earnings | -218.21M | -183.14M | -167.29M | -130.55M | -71.98M | -49.87M |
| Comprehensive Income & Other | 10.41M | 10.09M | 10.97M | 10.31M | 7.22M | 2.52M |
| Shareholders' Equity | 48.34M | 83.09M | 96.89M | 132.23M | 187.52M | 153.73M |
| Total Liabilities & Equity | 99.91M | 101.85M | 141.83M | 179.91M | 236.30M | 167.16M |
| Total Debt | 1.16M | 1.56M | 2.12M | 3.33M | 3.97M | 786.00K |
| Net Cash (Debt) | 68.61M | 67.57M | 101.90M | 138.39M | 179.21M | 152.55M |
| Net Cash Per Share | 10.59 | 10.49 | 15.91 | 21.61 | 29.71 | 29.75 |
| Filing Date Shares Outstanding | 6.50M | 6.50M | 6.27M | 6.24M | 6.24M | 5.78M |
| Total Common Shares Outstanding | 6.50M | 6.50M | 6.27M | 6.24M | 6.24M | 5.78M |
| Working Capital | 36.65M | 71.07M | 118.14M | 152.37M | 196.05M | 158.65M |
| Book Value Per Share | 7.43 | 12.78 | 15.45 | 21.19 | 30.05 | 26.58 |
| Tangible Book Value | 48.34M | 83.09M | 96.89M | 132.23M | 187.52M | 153.73M |
| Tangible Book Value Per Share | 7.43 | 12.78 | 15.45 | 21.19 | 30.05 | 26.58 |
| Machinery | 11.80M | 11.66M | 11.15M | 5.96M | 1.50M |
Cash flow statement
Fiscal year January - December; amounts in ILS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -27.77M | -15.85M | -36.74M | -58.57M | -22.12M | -25.62M |
| Depreciation & Amortization | 2.89M | 2.80M | 2.85M | 2.40M | 1.30M | 560.00K |
| Stock-Based Compensation | 481.00K | 667.00K | 1.39M | 3.28M | 4.73M | 2.04M |
| Other Operating Activities | 14.37M | 3.56M | -5.42M | 2.83M | -21.10M | 3.81M |
| Change in Accounts Receivable | 287.00K | -235.00K | -2.95M | 8.96M | -8.64M | -1.28M |
| Change in Inventory | 1.54M | 3.16M | 598.00K | -9.44M | -9.77M | -2.61M |
| Change in Accounts Payable | 1.31M | -379.00K | -2.56M | -936.00K | 5.03M | 162.00K |
| Change in Unearned Revenue | -28.14M | -27.09M | 157.00K | 20.51M | 2.29M | |
| Change in Other Net Operating Assets | 149.00K | 491.00K | 1.37M | 1.65M | 2.54M | -5.37M |
| Operating Cash Flow | -34.88M | -32.88M | -41.46M | -49.66M | -27.52M | -26.03M |
| Capital Expenditures | -172.00K | -135.00K | -509.00K | -3.93M | -4.51M | -775.00K |
| Investment in Securities | 32.14M | 10.62M | 51.42M | 53.78M | -122.55M | -40.62M |
| Other Investing Activities | 3.69M | 3.37M | 7.67M | 6.85M | 2.50M | 35.00K |
| Investing Cash Flow | 35.66M | 13.85M | 58.58M | 56.71M | -124.55M | -41.36M |
| Long-Term Debt Repaid | -1.18M | -1.17M | -994.00K | -1.10M | -512.00K | |
| Lease Payments | -1.25M | -1.18M | -1.17M | -994.00K | -1.10M | -512.00K |
| Net Debt Issued (Repaid) | -1.25M | -1.18M | -1.17M | -994.00K | -1.10M | -512.00K |
| Issuance of Common Stock | 22.53M | 25.00K | 3.00K | 2.00K | 51.17M | 174.43M |
| Other Financing Activities | -1.74M | 1.16M | -400.00K | -152.00K | 892.00K | 4.53M |
| Financing Cash Flow | 19.53M | 4.00K | -1.56M | -1.14M | 50.97M | 178.45M |
| Foreign Exchange Rate Adjustments | -1.17M | -542.00K | 1.75M | 2.60M | 3.62M | -4.29M |
| Net Cash Flow | 19.14M | -19.57M | 17.30M | 8.50M | -97.49M | 106.77M |
| Free Cash Flow | -35.05M | -33.01M | -41.97M | -53.59M | -32.03M | -26.81M |
| Free Cash Flow Margin | -83.24% | -82.48% | -434.43% | -866.03% | -296.18% | -1,698.73% |
| Free Cash Flow Per Share | -5.41 | -5.12 | -6.55 | -8.37 | -5.31 | -5.23 |
| Levered Free Cash Flow | 33.12M | 7.69M | -26.41M | -31.02M | -35.05M | -17.70M |
| Unlevered Free Cash Flow | 40.32M | 7.89M | -26.10M | -30.65M | -34.84M | -17.54M |
| Free Cash Flow After Leases | -36.30M | -34.19M | -43.14M | -54.58M | -33.13M | -27.32M |
| Cash Interest Paid | 130.00K | 165.00K | 292.00K | 347.00K | 188.00K | 39.00K |
| Change in Working Capital | -24.86M | -24.05M | -3.54M | 392.00K | 9.67M | -6.82M |
Ratios
Fiscal year January - December; amounts in ILS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.61M | 42.60M | 69.08M | 98.52M | 105.42M | 206.07M |
| Enterprise Value | -8.22M | 15.96M | 36.77M | 53.39M | 45.12M | 149.89M |
| PS Ratio | 0.96 | 3.39 | 26.05 | 57.34 | 34.28 | 406.17 |
| PB Ratio | 0.84 | 1.64 | 2.60 | 2.68 | 1.98 | 4.17 |
| P/TBV Ratio | 0.84 | 1.64 | 2.60 | 2.68 | 1.98 | 4.17 |
| EV/Sales Ratio | 1.27 | 13.86 | 31.07 | 14.67 | 295.44 | |
| Debt / Equity Ratio | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.01 |
| Net Debt / Equity Ratio | -1.42 | -0.81 | -1.05 | -1.05 | -0.96 | -0.99 |
| Net Debt / EBITDA Ratio | 6.61 | 6.54 | 2.52 | 2.55 | 3.91 | 7.01 |
| Net Debt / FCF Ratio | 1.96 | 2.05 | 2.43 | 2.58 | 5.59 | 5.69 |
| Asset Turnover | 0.38 | 0.33 | 0.06 | 0.03 | 0.05 | 0.02 |
| Inventory Turnover | 0.55 | 0.43 | 0.26 | 0.21 | 0.61 | 0.27 |
| Quick Ratio | 1.69 | 7.17 | 7.61 | 9.26 | 12.51 | 23.65 |
| Current Ratio | 1.84 | 7.88 | 9.28 | 10.82 | 13.61 | 24.64 |
| Return on Equity (ROE) | -45.21% | -17.62% | -32.07% | -36.63% | -12.96% | -32.72% |
| Return on Assets (ROA) | -6.98% | -6.24% | -16.40% | -16.69% | -14.31% | -15.57% |
| Return on Capital Employed (ROCE) | -21.90% | -13.30% | -33.10% | -33.80% | -20.90% | -13.70% |
| Earnings Yield | -81.60% | -11.67% | -14.60% | -16.51% | -5.97% | -4.00% |
| FCF Yield | -81.91% | -24.31% | -16.68% | -15.10% | -8.64% | -4.18% |
| Buyback Yield / Dilution | -1.06% | -0.60% | -0.03% | -6.13% | -17.66% | -71.82% |