HEARTSCIENCES INC C/WTS (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 1.9 K
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q1, the actual value is USD 1.9 K.
EPS: As of FY2025 Q1, the actual value is USD -1.58.
Segment Revenue
- Revenue: $2,000 for the three months ended July 31, 2025, compared to $0 for the same period in 2024.
Operational Metrics
- Net Loss: - $2,054,994 for the three months ended July 31, 2025, compared to - $2,051,689 for the same period in 2024.
- Gross Margin: $1,140 for the three months ended July 31, 2025, compared to $0 for the same period in 2024.
- Research and Development Expenses: $997,206 for the three months ended July 31, 2025, compared to $1,224,931 for the same period in 2024.
- Selling, General and Administrative Expenses: $878,053 for the three months ended July 31, 2025, compared to $850,736 for the same period in 2024.
- Loss from Operations: - $1,874,119 for the three months ended July 31, 2025, compared to - $2,075,667 for the same period in 2024.
- Interest Expense: - $183,688 for the three months ended July 31, 2025, compared to - $22,526 for the same period in 2024.
- Other Income: $2,813 for the three months ended July 31, 2025, compared to $46,504 for the same period in 2024.
Cash Flow
- Net Cash Used in Operating Activities: - $1,953,367 for the three months ended July 31, 2025, compared to - $2,018,720 for the same period in 2024.
- Net Cash Used in Investing Activities: - $814 for the three months ended July 31, 2025, compared to - $833 for the same period in 2024.
- Net Cash Provided by Financing Activities: $3,648,314 for the three months ended July 31, 2025, compared to $551,683 for the same period in 2024.
Future Outlook and Strategy
- Core Business Focus: The company plans to continue investing in research and development to develop technology for new products and to seek regulatory clearance for the MyoVista wavECG and MyoVista Insights Cloud Platform.
- Non-Core Business: The company is exploring strategic partnerships and additional equity financing to support its operations and growth initiatives.
- Priority: The company aims to achieve FDA clearance for its products and to commercialize its AI-ECG algorithms, with a focus on expanding its market presence and improving its financial performance.
