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Firefly Neuroscience, Inc., an artificial intelligence company, develops, markets, and distributes medical devices and technologies that allow high-resolution visualization and evaluation of the complex neurophysiological interconnections of the human brain in North America. The company offers the Evoke System, a system used to perform electroencephalographic (EEG) and event-related potential (ERP) assessments, which are analyzed by its cloud-based platform and returned as structured reports designed to support clinical decision-making for various diseases, including depression, anxiety, ADHD, PTSD, MCI, dementia, Parkinson's disease, bipolar disorder, schizophrenia, schizoaffective disorder, ASD, and traumatic brain injury. It serves clinicians. Firefly Neuroscience, Inc. was founded in 2006 and is based in Kenmore, New York.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Firefly Neuroscience develops portable, non‑invasive brain monitoring systems and digital biomarkers intended to measure neural function for neurological disorders and clinical research. Growth drivers may include demand for objective biomarkers, adoption by clinical trials and research organizations, and population aging increasing focus on neurodegenerative disease, making the company potentially attractive to investors seeking exposure to scalable neurodiagnostic tools.
Principal risks include limited public clinical validation and regulatory clearance for its biomarkers, intense competition from established EEG and neurotechnology firms, and execution and financing risk associated with early‑stage medical device companies.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| 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 | -19.88M | -10.46M | -2.60M | -3.79M | -4.38M |
| Net income | -19.88M | -10.46M | -2.60M | -3.79M | -4.38M |
| Selling general administrative | 6.97M | 6.13M | 2.20M | 1.98M | 1.68M |
| Selling and marketing expenses | 0.80M | 1.20M | 0.64M | - | - |
| Gross profit | 0.65M | 0.04M | 0.50M | 0.00M | 0.03M |
| Reconciled depreciation | 0.17M | 0.07M | 0.00M | 0.01M | 0.43M |
| Ebit | -19.72M | -10.39M | -3.08M | - | - |
| Ebitda | -19.55M | -10.32M | -2.58M | - | - |
| Depreciation and amortization | 0.17M | 0.07M | - | - | - |
| Operating income | -8.61M | -9.18M | -3.08M | -3.25M | -4.62M |
| Other operating expenses | 9.75M | 9.29M | 3.58M | - | - |
| Interest expense | 0.16M | 0.07M | 0.02M | 0.57M | 0.14M |
| Tax provision | 0.01M | 0.00M | 0.00M | 0.00M | 0.00M |
| Interest income | 0.09M | 0.00M | - | - | - |
| Net interest income | -0.07M | -0.07M | -0.02M | -0.57M | -0.14M |
| Income tax expense | 0.01M | 0.00M | 0.00M | - | - |
| Total revenue | 1.14M | 0.11M | 0.50M | 0.00M | 0.03M |
| Total operating expenses | 9.25M | 9.22M | 3.58M | 3.25M | 4.65M |
| Cost of revenue | 0.50M | 0.07M | - | 0.00M | 0.00M |
| Total other income expense net | -11.27M | -1.28M | 0.48M | 0.04M | 0.37M |
| Net income from continuing ops | -19.88M | -10.46M | -2.60M | -3.79M | -4.38M |
| 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 | 10.48M | 4.60M | 2.64M | 0.14M | 0.95M |
| Intangible assets | 0.86M | 0.18M | 0.39M | - | - |
| Other current assets | 0.98M | 0.70M | 0.03M | - | - |
| Total liab | 2.84M | 4.98M | 2.53M | 2.25M | 3.97M |
| Total stockholder equity | 7.64M | -0.38M | 0.11M | -2.11M | -3.01M |
| Other current liab | 1.24M | 2.45M | 1.90M | - | - |
| Common stock | 0.00M | - | - | - | - |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.02M | 2.43M |
| Retained earnings | -111.61M | -87.08M | -76.62M | -73.91M | -67.33M |
| Good will | 5.17M | 0.00M | - | - | - |
| Cash | 2.75M | 1.81M | 2.14M | 0.06M | 0.65M |
| Total current liabilities | 2.82M | 4.98M | 2.53M | 2.25M | 3.97M |
| Current deferred revenue | 0.23M | 0.01M | - | - | - |
| Net debt | -2.75M | -1.12M | -2.14M | - | 1.14M |
| Short term debt | - | 0.69M | - | - | - |
| Short long term debt | - | 0.69M | - | - | 1.79M |
| Short long term debt total | - | 0.69M | - | - | - |
| Other stockholder equity | 119.25M | 86.71M | 76.73M | - | - |
| Total current assets | 4.03M | 2.63M | 2.25M | 0.08M | 0.70M |
| Net receivables | 0.19M | 0.12M | 0.08M | - | - |
| Inventory | 0.11M | 0.00M | - | - | - |
| Accounts payable | 1.35M | 1.82M | 0.63M | 0.42M | 0.50M |
| Non currrent assets other | 0.27M | 1.66M | - | - | - |
| Non current assets total | 6.45M | 1.97M | 0.39M | 0.05M | 0.25M |
| 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 | - | -0.48M | -0.39M | 0.26M | 1.60M |
| Total cashflows from investing activities | -2.49M | -0.48M | -0.39M | - | - |
| Net borrowings | 2.53M | 1.96M | 0.00M | - | - |
| Total cash from financing activities | 11.62M | 6.30M | 4.64M | 2.04M | 2.04M |
| Net income | -19.88M | -10.46M | -2.60M | -3.79M | -4.38M |
| Change in cash | 0.94M | -0.33M | 2.08M | -0.59M | -0.18M |
| Begin period cash flow | 1.81M | 2.14M | 0.06M | 0.65M | 0.83M |
| End period cash flow | 2.75M | 1.81M | 2.14M | 0.06M | 0.65M |
| Total cash from operating activities | -8.19M | -6.16M | -2.17M | -2.89M | -3.82M |
| Issuance of capital stock | 0.00M | 4.31M | 4.64M | 0.29M | 0.00M |
| Depreciation | 0.17M | 0.07M | 0.00M | 0.01M | 0.43M |
| Other cashflows from investing activities | - | -0.33M | - | - | - |
| Change to inventory | -0.04M | 0.00M | - | - | - |
| Change to account receivables | -0.03M | -0.04M | -0.07M | - | - |
| Other cashflows from financing activities | - | 0.04M | - | - | - |
| Capital expenditures | 0.13M | 0.41M | 0.39M | 0.00M | 0.00M |
| Change in working capital | -1.18M | 0.45M | 0.14M | 0.39M | -0.19M |
| Stock based compensation | 0.78M | 2.72M | 0.29M | 0.06M | 0.61M |
| Other non cash items | 11.92M | 1.07M | - | 0.46M | 0.13M |
| Free cash flow | -8.32M | -6.57M | -2.56M | -2.89M | -3.82M |
Sector: Technology Industry: Software - Application
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| AIFF Firefly Neuroscience, Inc. |
0.06 6.12% |
1.04 | - | - | 8.72 | 1.13 | 8.62 |
| SAP SAP SE ADR |
0.36 0.15% |
234.10 | 28.16 | 22.42 | 6.52 | 4.85 | 5.60 |
| CRM Salesforce Inc |
4.02 1.88% |
217.50 | 23.41 | 15.55 | 4.79 | 5.56 | 5.55 |
| SAPGF SAP SE |
-0.33 0.14% |
234.00 | 76.28 | 22.88 | 5.61 | 3.84 | 5.59 |
| SHOP Shopify Inc |
2.65 1.81% |
149.26 | 90.18 | 53.19 | 12.70 | 13.17 | 12.23 |
Firefly Neuroscience, Inc., an artificial intelligence company, develops, markets, and distributes medical devices and technologies that allow high-resolution visualization and evaluation of the complex neurophysiological interconnections of the human brain in North America. The company offers the Evoke System, a system used to perform electroencephalographic (EEG) and event-related potential (ERP) assessments, which are analyzed by its cloud-based platform and returned as structured reports designed to support clinical decision-making for various diseases, including depression, anxiety, ADHD, PTSD, MCI, dementia, Parkinson's disease, bipolar disorder, schizophrenia, schizoaffective disorder, ASD, and traumatic brain injury. It serves clinicians. Firefly Neuroscience, Inc. was founded in 2006 and is based in Kenmore, New York.
| Name | Title | Year Born |
|---|---|---|
| Mr. Jon Olsen | CEO & Director | 1965 |
| Mr. Gil Issachar | Chief Technology Officer | 1982 |
| Mr. David Ian Johnson | Executive Chairman | 1958 |
| Dr. Jason DuBraski | Vice President of Sales | NA |
| Dr. Samer E. Kaba M.D. | Chief Medical Officer | 1962 |
| Mr. Greg Lipschitz | CEO & Director | 1989 |
| Mr. David DeCaprio | President, COO & Director | 1973 |
| Mr. Gil Issachar | Chief Technology Officer | 1983 |
| Mr. Paul Krzywicki CPA, CGA | CFO & Company Secretary | 1985 |
| Mr. Gil Issachar | Head of AI & Neuroscience | 1983 |
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