HSCS Chart
About

HeartSciences Inc., a medical technology company, focuses on applying AI-based technology to an ECG to expand and improve clinical usefulness. It develops artificial intelligence-enhanced electrocardiography (AI-ECG) solutions, an algorithm to detect impaired cardiac relaxation or cardiac dysfunction caused by heart disease and/or age-related cardiac dysfunction; MyoVista wavECG device, a resting 12-lead ECG that provides diagnostic information related to cardiac dysfunction, as well as conventional ECG information in the same test; and MyoVista Insights, a cloud-based platform to host AI-ECG algorithms on an ECG hardware agnostic basis. The company was formerly known as Heart Test Laboratories, Inc. and changed its name to HeartSciences Inc. in October 2024. HeartSciences Inc. was incorporated in 2007 and is headquartered in Southlake, Texas.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Medical Devices Market Cap 8.93M
Enterprise Value 7.86M Income -9.04M Sales 8.67K
Book/sh 1.36 Cash/sh 0.61 Dividend Yield —
Payout 0.00% Employees 15 IPO —
P/E — Forward P/E -0.88 PEG —
P/S 1030.20 P/B 2.06 P/C —
EV/EBITDA -0.96 EV/Sales 906.32 Quick Ratio 1.25
Current Ratio 2.42 Debt/Eq 20.95 LT Debt/Eq —
EPS (ttm) -6.56 EPS next Y -3.19 EPS Growth —
Revenue Growth — Earnings 2025-12-15 16:00 ROA -74.78%
ROE -220.42% ROIC — Gross Margin 57.92%
Oper. Margin -857.13% Profit Margin 0.00% Shs Outstand 3.18M
Shs Float 3.06M Short Float 1.36% Short Ratio 1.08
Short Interest — 52W High 6.47 52W Low 2.01
Beta 2.54 Avg Volume 45.40K Volume 7.05K
Target Price $10.60 Recom None Prev Close $2.83
Price $2.81 Change -0.71%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$10.60
Mean price target
2. Current target
$2.81
Latest analyst target
3. DCF / Fair value
$-24.45
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.81
Low
$9.20
High
$12.00
Mean
$10.60

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-22 main Ascendiant Capital Buy → Buy $9
2025-10-01 main Ascendiant Capital Buy → Buy $9
2025-03-18 main Ascendiant Capital Buy → Buy $14
2024-12-18 reit Maxim Group Buy → Buy $12
2024-09-23 reit Ascendiant Capital Buy → Buy $15
2023-01-30 init Ascendiant Capital — → Buy $3
2022-12-19 main Maxim Group — → Buy $3
2022-11-09 init Maxim Group — → Buy $8
2022-08-08 init Benchmark — → Speculative Buy $8
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 70000 — — Stock Award(Grant) at price 0.00 per share. SIMPSON ANDREW Chief Executive Officer — 2025-11-28 00:00:00 D
1 4416 15621 — Sale at price 3.54 per share. HILZ MARK T Chief Operating Officer — 2025-07-29 00:00:00 D
Financials
Line Item2025-04-302024-04-302023-04-302022-04-30
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-8.14M-6.16M-5.98M-4.68M
TotalUnusualItems0.00250.20K251.86K
TotalUnusualItemsExcludingGoodwill0.00250.20K251.86K
NetIncomeFromContinuingOperationNetMinorityInterest-8.77M-6.61M-6.35M-4.83M
ReconciledDepreciation127.96K95.13K135.45K26.57K
ReconciledCostOfRevenue1.88K6.08K2.80K7.89K
EBITDA-8.14M-6.16M-5.98M-4.43M
EBIT-8.26M-6.25M-6.11M-4.46M
NetInterestIncome-500.45K-354.08K-243.17K-371.62K
InterestExpense500.45K354.08K243.17K371.62K
NormalizedIncome-8.77M-6.61M-6.35M-5.08M
NetIncomeFromContinuingAndDiscontinuedOperation-8.77M-6.61M-6.35M-4.83M
TotalExpenses8.36M6.32M6.12M4.72M
TotalOperatingIncomeAsReported-8.35M-6.31M-6.11M-4.71M
DilutedAverageShares938.26K352.52K101.18K81.12K
BasicAverageShares938.26K352.52K101.18K81.12K
DilutedEPS-9.34-18.74-62.80-59.52
BasicEPS-9.34-18.74-62.80-59.52
DilutedNIAvailtoComStockholders-8.77M-6.61M-6.35M-4.83M
NetIncomeCommonStockholders-8.77M-6.61M-6.35M-4.83M
NetIncome-8.77M-6.61M-6.35M-4.83M
NetIncomeIncludingNoncontrollingInterests-8.77M-6.61M-6.35M-4.83M
NetIncomeContinuousOperations-8.77M-6.61M-6.35M-4.83M
PretaxIncome-8.77M-6.61M-6.35M-4.83M
OtherIncomeExpense87.80K54.64K1.85K252.76K
OtherNonOperatingIncomeExpenses87.80K54.64K1.85K2.56K
SpecialIncomeCharges0.00250.20K251.86K
GainOnSaleOfPPE0.001.66K
OtherSpecialCharges-250.20K-250.20K
NetNonOperatingInterestIncomeExpense-500.45K-354.08K-243.17K-371.62K
InterestExpenseNonOperating500.45K354.08K243.17K371.62K
OperatingIncome-8.35M-6.31M-6.11M-4.71M
OperatingExpense8.36M6.32M6.12M4.72M
ResearchAndDevelopment4.39M2.88M2.46M3.00M
SellingGeneralAndAdministration3.97M3.44M3.65M1.71M
GrossProfit2.47K12.52K2.35K6.48K
CostOfRevenue1.88K6.08K2.80K7.89K
TotalRevenue4.35K18.60K5.15K14.37K
OperatingRevenue4.35K18.60K5.15K14.37K
Line Item2023-04-30
TreasurySharesNumber0.00
OrdinarySharesNumber1.12M676.60K101.18K81.12K
ShareIssued1.12M676.60K101.18K81.12K
NetDebt1.45M5.15M2.16M
TotalDebt2.99M1.04M1.57M6.16M
TangibleBookValue-1.41M5.73M230.18K-6.06M
InvestedCapital2.76M7.82M1.23M15.53K
WorkingCapital-1.53M5.60M863.69K-1.54M
NetTangibleAssets-1.41M5.73M230.56K-6.06M
CapitalLeaseObligations434.05K536.34K565.87K90.97K
CommonStockEquity204.79K7.32M230.18K-6.06M
PreferredStockEquity380.00380.00381.00483.00
TotalCapitalization205.17K7.32M730.56K-1.61M
TotalEquityGrossMinorityInterest205.17K7.32M230.56K-6.06M
StockholdersEquity205.17K7.32M230.56K-6.06M
RetainedEarnings-76.13M-67.36M-60.76M-54.40M
AdditionalPaidInCapital76.33M74.68M60.99M48.34M
CapitalStock1.50K1.06K482.003.81K
CommonStock1.12K677.00101.003.32K
PreferredStock380.00380.00381.00483.00
TotalLiabilitiesNetMinorityInterest4.02M2.19M3.06M8.15M
TotalNonCurrentLiabilitiesNetMinorityInterest314.53K434.05K1.22M4.67M
NonCurrentAccruedExpenses0.00187.45K232.87K132.23K
LongTermDebtAndCapitalLeaseObligation314.53K434.05K1.04M4.44M
LongTermCapitalLeaseObligation314.53K434.05K536.34K0.00
LongTermDebt500.00K4.44M2.50M
CurrentLiabilities3.70M1.75M1.83M3.47M
OtherCurrentLiabilities29.93K34.15K48.60K1.22K
CurrentDebtAndCapitalLeaseObligation2.67M602.29K529.53K1.72M
CurrentCapitalLeaseObligation119.52K102.29K29.54K90.97K
CurrentDebt2.55M500.00K500.00K1.63M
OtherCurrentBorrowings2.55M500.00K500.00K1.63M
PayablesAndAccruedExpenses1.00M1.12M1.25M1.75M
CurrentAccruedExpenses683.93K667.14K623.39K1.05M
InterestPayable177.63K268.81K237.53K
Payables318.66K448.18K631.37K694.75K
AccountsPayable318.66K448.18K631.37K694.75K
TotalAssets4.22M9.50M3.29M2.09M
TotalNonCurrentAssets2.05M2.15M590.65K158.57K
GoodwillAndOtherIntangibleAssets1.62M1.59M0.00
NetPPE435.18K559.97K590.65K158.57K
AccumulatedDepreciation-537.36K-499.76K-471.87K-444.95K
GrossPPE972.53K1.06M1.06M603.52K
Leases32.81K32.81K32.81K32.81K
OtherProperties837.16K924.36K927.14K468.15K
MachineryFurnitureEquipment102.56K102.56K102.56K102.56K
Properties0.000.000.000.00
CurrentAssets2.17M7.35M2.70M1.93M
OtherCurrentAssets40.37K40.37K40.37K40.37K
CurrentDeferredAssets290.93K692.99K175.92K246.40K
PrepaidAssets87.44K183.70K143.46K49.38K
Inventory650.27K629.18K676.36K674.14K
InventoriesAdjustmentsAllowances-85.58K-85.58K-44.48K-81.45K
FinishedGoods44.07K22.58K28.66K28.66K
WorkInProcess21.74K21.74K21.74K21.74K
RawMaterials670.03K670.43K670.43K705.18K
Receivables4.35K0.000.002.32K
AccountsReceivable4.35K0.000.002.32K
CashCashEquivalentsAndShortTermInvestments1.10M5.81M1.66M918.26K
CashAndCashEquivalents1.10M5.81M1.66M918.26K
Line Item2025-04-302024-04-302023-04-302022-04-30
FreeCashFlow-7.44M-6.20M-5.79M-3.65M
RepaymentOfDebt-264.25K-291.62K-398.26K-500.00K
IssuanceOfDebt1.85M334.25K0.004.73M
IssuanceOfCapitalStock1.15M10.30M5.62M0.00
CapitalExpenditure-30.19K-125.27K-18.31K-1.93K
EndCashPosition1.10M5.81M1.66M918.26K
BeginningCashPosition5.81M1.66M918.26K723.48K
ChangesInCash-4.71M4.15M742.21K194.78K
FinancingCashFlow2.73M10.34M6.53M3.84M
CashFlowFromContinuingFinancingActivities2.73M10.34M6.53M3.84M
NetOtherFinancingCharges-385.14K
ProceedsFromStockOptionExercised0.001.31M0.00
NetPreferredStockIssuance0.00200.00K
PreferredStockIssuance0.00200.00K
NetCommonStockIssuance1.15M10.30M5.62M0.00
CommonStockIssuance1.15M10.30M5.62M0.00
NetIssuancePaymentsOfDebt1.59M42.62K-398.26K4.23M
NetShortTermDebtIssuance0.00250.20K
ShortTermDebtIssuance0.00250.20K
NetLongTermDebtIssuance1.59M42.62K-398.26K4.23M
LongTermDebtPayments-264.25K-291.62K-398.26K-500.00K
LongTermDebtIssuance1.85M334.25K0.004.73M
InvestingCashFlow-30.19K-125.27K-18.31K-1.93K
CashFlowFromContinuingInvestingActivities-30.19K-125.27K-18.31K-1.93K
NetIntangiblesPurchaseAndSale-27.03K-60.82K0.00
PurchaseOfIntangibles-27.03K-60.82K0.00
NetPPEPurchaseAndSale-3.16K-64.45K-18.31K-1.93K
SaleOfPPE0.00
PurchaseOfPPE-3.16K-64.45K-18.31K-1.93K
OperatingCashFlow-7.41M-6.07M-5.77M-3.64M
CashFlowFromContinuingOperatingActivities-7.41M-6.07M-5.77M-3.64M
ChangeInWorkingCapital517.89K-504.36K65.45K1.12M
ChangeInOtherWorkingCapital402.06K-517.07K60.43K-246.40K
ChangeInOtherCurrentLiabilities-103.51K-29.53K-108.54K0.00
ChangeInOtherCurrentAssets0.00
ChangeInPayablesAndAccruedExpense-112.73K-241.88K-272.32K1.22M
ChangeInAccruedExpense16.79K-58.69K-310.15K865.34K
ChangeInPayable-129.52K-183.19K37.82K358.96K
ChangeInAccountPayable-129.52K-183.19K37.82K358.96K
ChangeInPrepaidAssets357.51K236.93K385.77K72.52K
ChangeInInventory-21.09K47.18K-2.22K76.64K
ChangeInReceivables-4.35K0.002.32K-2.32K
ChangesInAccountReceivables-4.35K0.002.32K-2.32K
OtherNonCashItems456.51K539.23K131.51K191.72K
StockBasedCompensation249.88K405.02K248.31K68.40K
DepreciationAmortizationDepletion127.96K95.13K135.45K26.57K
DepreciationAndAmortization127.96K95.13K135.45K26.57K
AmortizationCashFlow0.00644.00
AmortizationOfIntangibles0.00644.00
Depreciation127.96K95.13K135.45K26.57K
OperatingGainsLosses-227.31K-248.54K
GainLossOnInvestmentSecurities22.89K
GainLossOnSaleOfPPE0.001.66K
NetIncomeFromContinuingOperations-8.77M-6.61M-6.35M-4.83M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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