HeartSciences Inc.
HSCS · Price history
Price at last available close
$3.61
−$0.57 (-13.64%) 1M
2026-10-29
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About HeartSciences Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
HeartSciences Inc. is a medical technology company dedicated to augmenting the clinical utility of electrocardiograms (ECGs) by integrating artificial intelligence (AI). The firm develops AI-enhanced ECG (AI-ECG) solutions, including an algorithm specifically designed to detect impaired cardiac relaxation or other forms of cardiac dysfunction, whether caused by heart disease or the natural aging process. Among its offerings is the MyoVista wavECG device, a 12-lead resting ECG that provides comprehensive diagnostic information concerning cardiac function alongside conventional ECG data in a single examination.
How they make money
HeartSciences is a medical technology company that generates revenue through the development and commercialization of AI-powered cardiovascular diagnostic devices and software platforms. The company's business model focuses on transforming traditional ECG/EKG technology to enable earlier detection of heart disease, with future revenue streams expected from the sale of its MyoVista devices and subscription-based access to its MyoVista Insights AI-ECG algorithm platform.
Products & services
The company's primary product is the MyoVista wav ECG device, which is designed to provide diagnostic information beyond traditional ECGs. Additionally, the company is developing MyoVista Insights, a cloud-based platform intended to provide access to various AI-ECG algorithms for clinical institutions.
Brands & revenue mix
Flagship brand for the company's wav ECG device and associated diagnostic technology.
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
- Clinical institutionsSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Contract Manufacturers — The company relies on third-party contract manufacturers for the production of its medical devices and components.Source
Competitors
- General Electric Company — Competes in the broader market for ECG and cardiovascular diagnostic equipment.Source
- Koninklijke Philips N.V. — Competes in the broader market for ECG and cardiovascular diagnostic equipment.Source
- Hill-Rom Holdings, Inc. — Competes in the broader market for ECG and cardiovascular diagnostic equipment.Source
Strengths
- Proprietary AI-powered cardiovascular diagnostic technologySource
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-07-31.
Diluted weighted-average shares increased 181.5% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Total debt increased 105.7% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
25
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
42
Weak
Financial Strength
27
Business Quality / Moat
50
Management
67
Growth Quality
53
Risk / Durability
0
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?
15
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?
19/100
Building Historical Record
Model Score 19/100 — 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.
No strong positive signal is being highlighted from the currently available summary data.
- •Elevated debt risk
- •M&A headline · Oct 21, 2026
- •M&A headline · Aug 19, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for HSCS
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 HSCS maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can HSCS fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is HSCS likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for HSCS to reach sustainable profitability?
- •What future growth or profitability would be needed to justify HSCS's current valuation?
Essential Investment Snapshot
Wall Street Score
25
Opportunity Score
15
Market Cap
$17.5M
P/E Ratio
-1.3
EPS
$-3.20
52-Week High
$5.25
52-Week Low
$1.63
Beta
1.86
Analyst Target
$3.00
Shares Outstanding
2.6M
Total Revenue
$5K
Total Debt
$4.0M
Dividend
No current dividend
Liquidation Value / Share
$-0.77
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.
Neutral / mixed momentum
Extreme movement
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.
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 HSCS
Detected from reported data — verify before acting.Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative
M&A headline · Oct 21, 2026
HeartSciences Files Definitive Proxy Statement for Proposed Business Combination with Fortitude Mining — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GlobeNewsWireM&A headline · Aug 19, 2026
Fortitude Invests $1.0 Million in HeartSciences at a 22% Premium with No Adjustment to the Merger Consideration — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GlobeNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on HSCS.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary AI-powered cardiovascular diagnostic technology.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −History of operating losses and dependence on additional financing.
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 breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
19
Aug 14, 2026
Change
+6.0
points
Current Score
25
Oct 1, 2026
Category Changes
HSCS increased 6 points because Revenue improved by 4.6 points, Management improved by 65 points, Buffett improved by 9.2 points.
Positive Contributors
- + Revenue improved by 4.6 points
- + Management improved by 65 points
- + Buffett improved by 9.2 points
Negative Contributors
- − Asset declined by 9.8 points
Projected Score
Projected Score
21
Projected Change
-4.0 points
Preliminary comparable-period financial changes suggest decline of approximately 4.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$3.61
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
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 Item | TTM | 2025 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5K | $4K | $4K | $19K | ···· | ···· | ···· | ···· |
| Cost of Revenue | $136K | $133K | $130K | $101K | ···· | ···· | ···· | ···· |
| Gross Profit | -$131K | -$129K | -$125K | -$83K | ···· | ···· | ···· | ···· |
| Research & Development | $905.6M | $2.84B | $4.4M | $2.9M | ···· | ···· | ···· | ···· |
| SG&A Expenses | $2.03B | $5.58B | $3.8M | $3.3M | ···· | ···· | ···· | ···· |
| Operating Expenses | $9.3M | $8.3M | $8.2M | $6.2M | ···· | ···· | ···· | ···· |
| EBITDA | -$9.5M | -$8.4M | -$8.2M | -$6.2M | ···· | ···· | ···· | ···· |
| Operating Income | -$9.5M | -$8.4M | -$8.4M | -$6.3M | ···· | ···· | ···· | ···· |
| Interest Expense | $805K | $753K | $500K | $354K | ···· | ···· | ···· | ···· |
| Income Before Tax | -$10.3M | -$9.1M | -$8.8M | -$6.6M | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Net Income | -$10.3M | -$9.1M | -$8.8M | -$6.6M | ···· | ···· | ···· | ···· |
| Basic EPS | $-3.20 | $-3.48 | $-9.34 | $-18.74 | ···· | ···· | ···· | ···· |
| Basic Shares | 3.67M | 2.63M | 938K | 353K | ···· | ···· | ···· | ···· |
| Diluted Shares | 3.67M | 2.63M | 938K | 353K | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$2100
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.86
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+105.7%
Cash Change
+971.0%
Margin Change
-42906.4 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
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, 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 10.5%. EPS declined 45.6%. Cash increased 971.0%. Total debt increased 105.7%. Net income margin declined by 42906.4 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.
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
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
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.
Start 7-Day Free TrialHistorical 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.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Medical - DevicesNews
Is HeartSciences Inc. (HSCS) Stock Outpacing Its Medical Peers This Year?
HeartSciences Files Definitive Proxy Statement for Proposed Business Combination with Fortitude Mining
HeartSciences Receives FDA 510(k) Clearance for its MyoVista® wavECGTM Device
Fortitude Appoints Kimberly Pittman as Chief Legal Officer
Rumor Mill · HSCS
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial