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Company price
0.55 USD 0.01 ( 2.06%)
Last update at 2026-10-30T20:25:00Z
VOLUME
1515248
Market Cap
49.12M

Momentum Score

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HeartBeam, Inc. operates as a medical technology company that focuses on developing and commercializing electrocardiogram solutions that enable the detection and monitoring of cardiac disease outside a healthcare facility. The company develops HeartBeam System, a cable-free and ambulatory 12L ECG that captures the heart's electrical signals from three dimensions for high-fidelity data collection and advanced diagnostics for arrhythmia assessment which consists of credit card sized 3D ECG recording device, a patient application, a physician portal, and powerful cloud-based algorithms. HeartBeam, Inc. was incorporated in 2015 and is based in Santa Clara, California.

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Day Price Range
0.52
Low
0.56
High
52 Week Price Range
0.54
Low
4.00
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

HeartBeam Inc develops smartphone-enabled cardiac diagnostic devices and algorithms intended to detect acute cardiac ischemia and enable remote electrocardiographic monitoring. Long-term growth may be supported by aging populations, expanded telehealth adoption and demand for earlier out-of-hospital cardiac detection. Investors may find the company interesting for its portable, patient-facing approach and potential to address gaps in emergency and ambulatory diagnostics.

Key risks include reliance on successful regulatory approvals and clinical validation, uncertain reimbursement and adoption in clinical workflows, competition from established medical-device and digital-health companies, limited commercial revenue to date and potential need for additional financing.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.54
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-987.32%
Net Debt
-4.38M
ROCE
-813.64%
Diluted EPS TTM
-0.62

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -21.02M -19.45M -14.64M -12.96M -4.43M
Net income -21.02M -19.45M -14.64M -12.83M -6.59M
Selling general administrative 7.69M 8.84M 8.52M 7.35M 2.03M
Selling and marketing expenses - - 8.51M - -
Gross profit -0.04M -0.01M - - -
Reconciled depreciation 0.04M 0.01M 0.00M - -
Ebit -21.18M -19.89M -14.64M -13.03M -2.29M
Ebitda -21.14M -19.88M 0.68M -13.03M -2.26M
Depreciation and amortization 0.04M 0.01M 15.31M 0.14M 0.02M
Operating income -21.14M -19.89M -15.31M -13.03M -2.29M
Other operating expenses 21.14M 19.89M 15.31M 13.03M 2.29M
Interest expense - - - 0.07M 2.17M
Tax provision 0.00M 0.00M 0.00M 0.00M 0.00M
Interest income 0.12M 0.45M 0.68M - -
Net interest income 0.12M 0.45M 0.47M 0.07M -2.17M
Income tax expense - - -0.02M -0.14M 2.17M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 21.14M 19.89M 15.31M 13.03M 2.29M
Cost of revenue 0.04M 0.01M - - -
Total other income expense net 0.12M 0.44M 0.68M 0.07M -2.14M
Net income from continuing ops -21.02M -19.45M -14.47M -12.96M -4.43M
Net income applicable to common shares - - - -12.96M -4.43M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 5.84M 3.28M 17.13M 4.04M 14.00M
Other current assets 0.20M 0.39M 0.64M 0.45M 0.81M
Total liab 3.24M 1.62M 1.19M 1.67M 0.59M
Total stockholder equity 2.60M 1.65M 15.94M 2.37M 13.41M
Other current liab 3.24M 1.09M 1.19M 1.67M 0.59M
Common stock 0.00M 0.00M 0.00M 0.00M 0.00M
Capital stock 0.00M 0.00M 0.00M 0.00M 0.00M
Retained earnings -77.29M -56.27M -36.83M -22.19M -9.22M
Other assets - - - 0.45M 0.81M
Cash 4.38M 2.38M 16.19M 3.59M 13.19M
Total current liabilities 3.24M 1.62M 1.19M 1.67M 0.59M
Net debt -4.38M -2.38M -16.19M -3.59M -13.19M
Other stockholder equity 79.89M 57.92M 52.76M 24.56M 22.63M
Total current assets 4.68M 2.77M 16.82M 4.04M 14.00M
Net tangible assets - - - 2.37M 13.41M
Inventory 0.10M 0.00M - - -
Accounts payable 1.05M 0.53M 0.00M 0.00M 0.59M
Non currrent assets other 0.06M 0.06M 0.05M - -
Non current assets total 1.16M 0.51M 0.31M 0.00M 0.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 0.00M -0.20M -0.26M 0.00M -
Change to liabilities - - - 1.53M -0.36M
Total cashflows from investing activities -0.60M -0.20M - - -
Net borrowings - - - - 1.69M
Total cash from financing activities 16.59M 0.87M 24.99M 0.35M 16.40M
Change to operating activities - - - 0.36M -0.78M
Net income -21.02M -19.45M -14.64M -12.96M -4.43M
Change in cash 2.00M -13.81M 12.64M -9.60M 13.17M
Begin period cash flow 2.43M 16.24M 3.59M 13.19M 0.02M
End period cash flow 4.44M 2.43M 16.24M 3.59M 13.19M
Total cash from operating activities -13.99M -14.47M -12.09M -9.95M -3.23M
Issuance of capital stock 16.58M 0.73M 24.76M 0.35M 14.71M
Depreciation 0.04M 0.01M - - -
Change to inventory -0.10M 0.00M - - -
Other cashflows from financing activities 16.59M 0.14M 0.23M 0.00M 1.72M
Change to netincome - - - 1.12M 2.33M
Capital expenditures 0.60M 0.20M 0.26M 0.00M 0.00M
Change in working capital 1.61M 0.67M -0.66M 1.89M -1.14M
Stock based compensation 5.15M 4.30M 3.21M 1.12M 0.19M
Other non cash items 0.23M 0.67M 3.21M 1.12M 2.14M
Free cash flow -14.59M -14.67M -12.35M -9.95M -3.23M

Peer Comparison*

Sector: Healthcare Industry: Health Information Services

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
BEAT
Heartbeam Inc
0.01
2.06%
0.55 - - - 18.96 -2.99
VEEV
Veeva Systems Inc Class A
2.62
0.84%
312.96 43.49 29.59 12.48 5.79 33.41
PMCUF
Pro Medicus Limited
-
-%
137.03 64.90 90.91 49.11 38.05 83.47
TEM
Tempus AI, Inc. Class A Common Stock
-5.62
7.22%
72.22 - - 8.68 25.39 -
MTHRY
M3 Inc
-0.03
0.52%
5.77 31.84 26.25 0.05 4.60 0.12

Profile*

Heartbeam Inc

HeartBeam, Inc. operates as a medical technology company that focuses on developing and commercializing electrocardiogram solutions that enable the detection and monitoring of cardiac disease outside a healthcare facility. The company develops HeartBeam System, a cable-free and ambulatory 12L ECG that captures the heart's electrical signals from three dimensions for high-fidelity data collection and advanced diagnostics for arrhythmia assessment which consists of credit card sized 3D ECG recording device, a patient application, a physician portal, and powerful cloud-based algorithms. HeartBeam, Inc. was incorporated in 2015 and is based in Santa Clara, California.

2118 Walsh Avenue, Santa Clara, CA, United States, 95050

408 899 4443

16

Name Title Year Born
Mr. Richard M. Ferrari Exec. Chairman 1954
Dr. Branislav Vajdic Ph.D. Founder, Pres, CEO & Director 1955
Mr. Richard D. Brounstein CFO & Treasurer 1950
Mr. Ken Persen Chief Technology Officer NA
Dr. Jon Hunt Ph.D. Exec. VP & Chief Bus. Officer 1956
Dr. Peter J. Fitzgerald FACC, M.D., Ph.D. Chief Medical Officer 1957
Mr. Richard M. Ferrari Executive Chairman 1954
Dr. Branislav Vajdic Ph.D. Founder, CEO & Director 1955
Mr. Robert P. Eno President & Chief Business Officer NA
Mr. Kenneth Persen Chief Technology Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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