Bluejay Diagnostics, Inc.
Business
Bluejay Diagnostics, Inc. develops rapid diagnostic tests for critical care settings based on its Symphony technology platform, an analyzer and single-use cartridges. Its main product candidate is the Symphony IL-6 immunoassay for measuring interleukin-6 to monitor disease progression in sepsis, and it also maintains a subsidiary for the ALLEREYE point-of-care allergic conjunctivitis test. Key business activities include platform and cartridge development, clinical studies and regulatory interactions, and contractual manufacturing and licensing arrangements. It targets U.S. critical care markets (ERs, ICUs) and plans sales via direct and distributor channels, financing arrangements for devices, and cartridge consumable sales, with potential research-use sales.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Research and development | 3 | 3 | 6 | 4 | 1 | |
| General and administrative | 4 | 4 | 4 | 5 | 2 | |
| Sales and marketing | — | 8,297 | 283,443 | 451,421 | 289,726 | |
| Total operating expenses | 7 | 7 | 10 | 9 | 3 | |
| Operating loss | −7 | −7 | −10 | −9 | −3 | |
| Interest expense | −839 | −823,028 | — | — | — | |
| Interest income | 97,559 | 145,823 | 164,900 | — | — | |
| Other income, net | 7,769 | 129,027 | 192,429 | 168,464 | — | |
| Total other income (expense), net | 104,489 | −548,178 | 357,329 | 20,828 | −258,135 | |
| Net loss | −7 | −8 | −10 | −9 | −3 | |
| Deemed dividend on warrant modification | — | 13 | — | — | — | |
| Net loss applicable to common stockholders | −7 | −21 | −10 | — | — | |
| Net Loss per share to common stockholders Basic (in Dollars per share) | −15.25 | −456.75 | −3,631 | −9.22 | −0.41 | |
| Net Loss per share to common stockholders Diluted (in Dollars per share) | −15.25 | −456.75 | −3,631 | −9.22 | −0.41 | |
| Weighted average common shares outstanding Basic (in Shares) | 449,043 | 45,848 | 2,741 | 1 | 9 | |
| Weighted average common shares outstanding Diluted (in Shares) | 449,043 | 45,848 | 2,741 | 1 | 9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 5 | 4 | 2 | 10 | 19 | |
| Prepaid expenses and other current assets | 275,957 | 596,938 | 747,263 | 2 | 2 | |
| Assets held for sale | 22,770 | — | — | — | — | |
| Total current assets | 5 | 5 | 3 | 12 | 21 | |
| Property and equipment, net | 2 | 2 | 1 | 1 | 337,366 | |
| Operating lease right-of-use assets | 113,289 | 209,788 | 333,267 | 465,514 | — | |
| Other non-current assets | 7,905 | 35,257 | 28,663 | 35,211 | 21,019 | |
| Total assets | 7 | 7 | 5 | 14 | 21 | |
| Accounts payable | 214,255 | 145,122 | 491,474 | 635,818 | 295,778 | |
| Operating lease liability, current | 100,000 | 113,260 | 162,990 | 168,706 | — | |
| Accrued expenses | 804,942 | 551,986 | 1 | 835,730 | 341,384 | |
| Total current liabilities | 1 | 810,368 | 2 | 2 | 637,162 | |
| Operating lease liability, non-current | 20,211 | 108,989 | 189,987 | 323,915 | — | |
| Other non-current liabilities | 4,540 | 8,567 | 12,321 | 15,823 | — | |
| Total liabilities | 1 | 927,924 | 2 | 2 | 637,162 | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Common stock, $0.0001 par value; 250,000,000 shares authorized; 604,534 and 138,503 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 60 | 14 | — | 101 | 2,011 | |
| Additional paid-in capital | 47 | 40 | 30 | 29 | — | |
| Accumulated deficit | −42 | −35 | −27 | −17 | −8 | |
| Total stockholders equity | 6 | 6 | 3 | 12 | 20 | |
| Total liabilities and stockholders equity | 7 | 7 | 5 | 14 | 21 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation expense | 74,182 | 75,618 | 648,708 | 156,598 | — | |
| Stock-based compensation expense | 6 | 20,094 | 189,245 | 433,004 | — | |
| Amortization of right-of-use asset | 96,499 | 123,479 | 132,247 | 149,770 | — | |
| Non-cash interest expense for note payable | — | 307,563 | — | — | — | |
| Write-off and impairment of property and equipment | 42,937 | 3,411 | 1,787 | 237,309 | — | |
| Prepaid expenses and other current assets | 333,881 | 150,325 | 926,217 | −40,772 | — | |
| Deferred offering costs | — | 265,081 | — | — | — | |
| Other non-current assets | 27,352 | −6,594 | 6,548 | −14,192 | −21,019 | |
| Accounts payable | 69,133 | −346,352 | −235,760 | 298,881 | −79,150 | |
| Accrued expenses and other current and non-current liabilities | 150,918 | −695,653 | −30,279 | 336,620 | — | |
| Net cash used in operating activities | −6 | −8 | −8 | −8 | −4 | |
| Purchase of property and equipment | −173,735 | −306,783 | −704,166 | −1 | −23,947 | |
| Net cash used in investing activities | −173,735 | −306,783 | −704,166 | −1 | −23,947 | |
| Proceeds from issuance of common stock, gross | 8 | 12 | 2 | — | — | |
| Payment for issuance costs of common stock | −1 | −2 | −413,544 | — | — | |
| Proceeds from issuance of notes payable | — | 2 | — | — | — | |
| Repayment of notes payable | — | −2 | — | — | −289,617 | |
| Proceeds from exercise of Class D warrants | — | 558 | — | — | 9,079 | |
| Fractional shares adjustment for reverse stock split | — | −395 | — | — | — | |
| Payment of finance lease | −4,027 | −3,754 | −4,807 | −801 | — | |
| Net cash provided by financing activities | 7 | 10 | 1 | 8,075 | 23 | |
| Net increase in cash and cash equivalents | 862,930 | 2 | −8 | −9 | — | |
| Fair value of common stock issued in connection with notes payable | — | 307,563 | — | — | — |