Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Aclarion, Inc.

ACONNASDAQ
Wall Street Score · overall investment10/100
$2.04USD+$0.12 (+6.25%)
Company website www.aclarion.com
Headquarters8181 Arista Place, Broomfield, CA, 80021, US
Financial statement currencyUSD · no FX conversion applied
Healthcare · Medical - Healthcare Information Services
Price updated todayFinancials updated Oct 1, 2026

ACON · Price history

Price at last available close

$2.04

−$0.34 (-14.29%) 1M

2026-10-28

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Company & revenue

About Aclarion, Inc.

Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.

Who they are

Aclarion, Inc., a healthcare technology enterprise based in San Mateo, California, was founded in 2008 and operates within the United States. The company specializes in creating software for magnetic resonance spectroscopy (MRS) applications. Its primary product is the NOCISCAN-LS Post-Processor suite, which features two key components: NOCICALC-LS, designed to analyze MRS data from discs to quantify degenerative pain biomarkers, and NOCIGRAM-LS, a software tool that assists in clinical decision-making.

How they make money

Aclarion operates a software-native business model focused on healthcare information services. The company generates revenue primarily by delivering Nociscan reports to customers, recognizing revenue upon the delivery of these diagnostic reports to healthcare providers.

Products & services

Nociscan, a proprietary diagnostic software platform that utilizes magnetic resonance spectroscopy to provide objective data for the evaluation of chronic low back pain.

Brands & revenue mix

Nociscan

Core diagnostic software platform for chronic low back pain evaluation.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

Customer concentration

The company does not disclose specific customer concentration figures in its 2025 annual report.

Suppliers, materials & equipment

  • Cloud and Data Hosting Providers — The company relies on third-party cloud infrastructure and data hosting services to support its software-native platform; specific supplier names are unnamed.Source

Strengths

  • Proprietary Nociscan technology and intellectual property portfolioSource

Risks

  • Dependence on reimbursement coverage and regulatory approval for diagnostic codesSource
  • History of operating losses and need for additional capitalSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

10

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

35

Poor

Financial Strength

65

Business Quality / Moat

0

Management

40

Growth Quality

50

Risk / Durability

0

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

34

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

36/100

Building Historical Record

Model Score 36/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like
  • •Balance-sheet / debt profile scores strongly
  • •Asset quality scores strongly
  • •Insider activity signal is favorable
  • •Recent buyback activity is present
What to watch
  • •Share split detected
  • •Material dilution — approximately 441.8% share-count growth
  • •MAJOR RED FLAG: Reverse split proposed / authorized
  • •CRITICAL: Bankruptcy / liquidation risk
  • •Valuation is a weaker part of the current profile

Company-specific research

Questions worth answering for ACON

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can ACON maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •How long can ACON fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •How is ACON likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
  • •What specifically needs to improve for ACON to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify ACON's current valuation?
⚠ 4 warningsView warning details
Share split detectedMaterial dilution — approximately 441.8% share-count growthMAJOR RED FLAG: Reverse split proposed / authorizedCRITICAL: Bankruptcy / liquidation risk
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

10

0–100 · Poor

Opportunity Score

34

0–100 · Poor

Market Cap

$5.9M

P/E Ratio

-0.3

EPS

$-7.60

52-Week High

$12.03

52-Week Low

$1.95

Beta

1.24

Shares Outstanding

2.9M

Total Revenue

$84K

Total Debt

$0

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$5.90

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
28/ 100
+10 pts / 5d

Strong downward momentum

5D +4.6% · 20D -15.4% · RSI 34 · Price vs 20D avg -3.2%
Volatility
46/ 100
-8 pts / 5d

Normal movement

20D realized vol 56.2% · 60D 68.2% · Acceleration 0.82x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for ACON

Detected from reported data — verify before acting.

Share split detected

A recent SEC filing references a reverse stock split/share consolidation. Repeated reverse splits receive progressively harsher score ceilings.

Supporting source

Material dilution — approximately 441.8% share-count growth

Shares outstanding increased approximately 441.8% across stored score snapshots. This is material dilution and is applying a Wall Street Score ceiling of 25.

MAJOR RED FLAG: Reverse split proposed / authorized

A recent SEC filing discusses authorization, approval, or a proposal for a reverse stock split. This is treated as a major distress/listing-risk signal and caps Wall Street Score below 30 while pending.

Supporting filing

CRITICAL: Bankruptcy / liquidation risk

A recent SEC filing contains bankruptcy/liquidation language. Wall Street Score is capped at 10.

Supporting filing

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on ACON.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Proprietary Nociscan technology and intellectual property portfolio.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Medical - Healthcare Information Services industry.
  • −Dependence on reimbursement coverage and regulatory approval for diagnostic codes.
  • −History of operating losses and need for additional capital.
  • −Shares outstanding increased approximately 441.8% across stored score snapshots. This is material dilution and is applying a Wall Street Score ceiling of 25.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Very Weak10/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

10

Tap for breakdown →

Elite

100

Debt Cost—
Debt Reduction YoY—
Debt / Equity0.00x

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Poor

11

Revenue YoY10.6%
Revenue CAGR0.2%
Net Margin-10978.5%

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Elite

100

Asset Growth YoY543.9%
Liquidation/Share$5.90
Net Assets/MCap2.60x

Tap for breakdown →

Poor

29

Earnings Yield-132.4%
Buyback Yield4.4%
Debt Cost—

Tap for breakdown →

Weak

40

ROIC-983.2%
ROE-54.1%
ROA-51.0%

Tap for breakdown →

Poor

0

EPS Growth—
FCF/Share Growth—
Rev/Share Growth-92.7%

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Poor

0

Intrinsic Value—
Value Reference—
MOS—

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Weak

48

Revenue11
Moat0
Valuation0

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Poor

0

MOS %—
Value Reference—
Deep Discount Reference—

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Weak

40

Interest Coverage—
ROIC-983.2%
FCF Yield-103.4%

Tap for breakdown →

Poor

10

Financial40
Valuation0
Debt100

Tap for breakdown →

Fair

60

Survival Years1.7 yrs
Current Ratio14.81x
FCF Margin-9488.6%

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Score Changes

5 historical score records available

Previous Score

36

Sep 8, 2026

Change

-25.7

points

Current Score

10

Oct 1, 2026

Category Changes

Revenue-0.5
Debt0
Assets0
Capital-4.0
Management0
Moat0
Valuation0
Buffett-0.1

ACON decreased 25.7 points because Capital declined by 4 points.

Negative Contributors

  • − Capital declined by 4 points

Projected Score

Projected Score

8

Projected Change

-2.4 points

Preliminary comparable-period financial changes suggest decline of approximately 2.4 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Valuation unavailable

Current Price

$2.04

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

2019202020212022202320242025$0$20000$40000$60000$80000

Additional Metrics

Operating Cash Flow

2019202020212022202320242025-$8M-$6M-$5M-$3M-$2M

Total Debt

2019202020212022202320242025$0$600000$1M$2M$2M

Total Assets

2019202020212022202320242025$0$4M$7M$11M$14M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Large reported revenue change: +65.6%

Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.

TTM may combine quarters from before and after the event, so its trend can also be distorted.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019
Revenue$84K$76K$46K$75K················
Cost of Revenue$354K$296K$130K$76K················
Gross Profit-$270K-$221K-$84K-$324.00················
Research & Development$1.03T$1.03T$889K$873K················
SG&A Expenses$6.03T$6.03T$4.6M$4.0M················
Operating Expenses$9.4M$6.8M$5.4M$4.9M················
EBITDA-$9.0M-$7.0M-$6.3M-$4.1M················
Operating Income-$9.7M-$7.1M-$5.5M-$4.9M················
Interest Expense$0.00$0.00$535K$608K················
Income Before Tax-$9.2M-$7.2M-$7.0M-$4.9M················
Income Tax Expense$0.00$0.00$0.00$0.00················
Net Income-$9.2M-$7.2M-$7.0M-$4.9M················
Basic EPS$-4.00$-13.61$-7480.22$-79782.00················
Basic Shares2.46M532K94362················
Diluted Shares2.46M532K94362················
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 11, 2026
Estimated EPS: -$1.05Estimated revenue: $40000
Jun 30, 2026Q2FY2026

Revenue

$25208

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$1.12

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

Not available

Cash Change

+27.0%

Margin Change

-2613.6 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Cash position grew

What Weakened

  • Margins contracted

Potential Score Impact

Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 30.5%. EPS declined 59.3%. Cash increased 27.0%. Net income margin declined by 2613.6 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 121 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

5 historical records
Jul 19, 26Aug 11, 26Sep 1, 26Sep 8, 26Oct 1, 260255075100

Historical Score Chart

3 of 5 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 2 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Debt Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Revenue Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Asset Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Capital Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Management Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Moat Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Valuation Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Buffett Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

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News

Rumor Mill · ACON

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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