HeartSciences Inc.
Business
HeartSciences Inc. is a medical technology company developing AI-based electrocardiogram (ECG) algorithms and devices to expand ECG's clinical capability in detecting heart disease. The company offers AI-ECG solutions through a proprietary MyoVista wavECG device and a cloud-based MyoVista Insights Cloud Platform designed to work with existing ECG hardware. Products target frontline healthcare settings including primary care, emergency departments, hospitals, and retail clinics in the U.S. and international markets, pending FDA regulatory clearance.
Summary from 10-K filed 2025-07-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|
| Revenue | 4,350 | 18,600 | 5,150 | 14,373 | |
| Cost of sales | 1,880 | 6,081 | 2,796 | 7,890 | |
| Gross margin | 2,470 | 12,519 | 2,354 | 6,483 | |
| Research and development | 4 | 3 | 2 | 3 | |
| Selling, general and administrative | 4 | 3 | 4 | 2 | |
| Total operating expenses | 8 | 6 | 6 | 5 | |
| Loss from operations | −8 | −6 | −6 | −5 | |
| Interest expense | −500,453 | −354,080 | — | — | |
| Other income | 87,795 | 54,642 | 1,848 | 2,558 | |
| Total other expense | −412,658 | −299,438 | −241,326 | −118,861 | |
| Net loss | −9 | −7 | −6 | −5 | |
| Net loss per share, basic | −9.34 | −18.74 | −80 | −1.45 | |
| Net loss per share, diluted | −9.34 | −18.74 | −80 | −1.45 | |
| Weighted average common shares outstanding, basic | 938,257 | 352,520 | 79,506 | 3 | |
| Weighted average common shares outstanding, diluted | 938,257 | 352,520 | 79,506 | 3 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1 | 6 | 2 | 918,260 | — | |
| Accounts receivable | 4,350 | — | — | 2,321 | — | |
| Inventory, net | 650,267 | 629,179 | 676,359 | 674,139 | — | |
| Prepaid expenses | 87,443 | 183,704 | 143,460 | 49,384 | — | |
| Other current assets | 40,374 | 40,374 | 40,374 | 40,374 | — | |
| Deferred offering costs | 290,925 | 692,988 | 175,921 | 246,400 | — | |
| Total current assets | 2 | 7 | 3 | 2 | — | |
| Property and equipment, net | 63,549 | 97,991 | 61,428 | 70,035 | — | |
| Intangible assets, net | 2 | 2 | — | — | — | |
| Right-of-use assets, net | 371,626 | 461,983 | 529,224 | 88,535 | — | |
| TOTAL ASSETS | 4 | 10 | 3 | 2 | — | |
| Accounts payable | 318,661 | 448,183 | 631,369 | 694,745 | — | |
| Accrued expenses | 506,307 | 398,331 | 385,857 | 1 | — | |
| Accrued interest expense | 177,628 | 268,813 | — | — | — | |
| Operating lease liabilities, current portion | 119,518 | 102,293 | 29,535 | 90,968 | — | |
| Notes payable | 3 | 500,000 | 500,000 | 2 | — | |
| Other current liabilities | 29,927 | 34,147 | 48,596 | 1,220 | — | |
| Total current liabilities | 4 | 2 | 2 | 3 | — | |
| Operating lease liabilities, long-term portion | 314,527 | 434,045 | 536,335 | — | — | |
| Total long-term liabilities | 314,527 | 434,045 | 1 | 5 | — | |
| TOTAL LIABILITIES | 4 | 2 | 3 | 8 | — | |
| COMMITMENTS AND CONTINGENCIES (NOTE 2, 4-6, and 8) | — | — | — | — | — | |
| Common Stock, $0.001 par value, 500,000,000 shares authorized; 1,119,107 shares issued and outstanding as of April 30, 2025 and 676,598 shares issued and outstanding as of April 30, 2024. | 1,119 | 677 | 101 | 3,324 | — | |
| Additional paid-in capital | 76 | 75 | 61 | 48 | — | |
| Accumulated deficit | −76 | −67 | −61 | −54 | — | |
| TOTAL STOCKHOLDERS EQUITY | 205,171 | 7 | 230,557 | −6 | −2 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 4 | 10 | 3 | 2 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|
| Depreciation | 37,599 | 27,892 | 26,915 | 26,566 | |
| Amortization of debt discounts and deferred financing costs | 285,870 | 103,595 | 61,381 | 156,719 | |
| Amortization - Right-of-use assets, operating lease | 90,357 | 67,241 | 108,538 | — | |
| Stock-based compensation | 249,884 | 405,025 | 248,307 | 68,396 | |
| Warrants issued to non-employees | 170,637 | 335,633 | 171,326 | — | |
| Issuance of Common Stock for consulting services | — | 100,000 | — | — | |
| Accounts receivable | −4,350 | — | 2,321 | 2,321 | |
| Inventory | −21,088 | 47,180 | −2,220 | 76,635 | |
| Prepaid and other current assets | 357,507 | 236,932 | 385,773 | 72,524 | |
| Deferred offering costs | 402,063 | −517,067 | 60,432 | 246,400 | |
| Accounts payable | −129,522 | −183,186 | 37,824 | 358,964 | |
| Accrued liabilities | 16,791 | −58,690 | −310,146 | 865,343 | |
| Other current liabilities | −1,220 | — | — | — | |
| Lease liability, operating lease | −102,293 | −29,532 | −108,538 | — | |
| Net cash used in operating activities | −7 | −6 | −6 | −4 | |
| Purchase of property and equipment | −3,157 | −64,455 | −18,308 | −1,932 | |
| Acquisition of intellectual property - intangibles | −27,031 | −60,816 | — | — | |
| Net cash used in investing activities | −30,188 | −125,271 | −18,308 | −1,932 | |
| Issuance of Common Stock, net of fees | 1 | 10 | — | — | |
| Proceeds from shareholder note, net | — | 334,249 | — | 500,000 | |
| Principal repayments of operating lease obligations | −264,246 | −291,625 | — | — | |
| Net cash provided by investing activities | 3 | 10 | 7 | 4 | |
| Net change in cash and cash equivalents during the year | −5 | 4 | 742,207 | 194,779 | |
| Issuance of Common Stock resulting from the Reverse Stock Split | 94 | — | — | — | |
| Issuance of Common Stock for Series C Preferred Stock conversions | — | 2 | 348 | — | |
| Issuance of Common Stock for note exchanges | 85,000 | 1 | — | — | |
| Issuance of Common Stock as consideration for acquired intangible assets | — | 2 | — | — | |
| Financed insurance premiums | 261,246 | 277,176 | 445,636 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is HeartSciences Inc.'s CIK number?
HeartSciences Inc.'s SEC CIK number is 0001468492 (1468492). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find HeartSciences Inc.'s SEC filings?
All of HeartSciences Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did HeartSciences Inc. last report earnings?
HeartSciences Inc. (HSCS) most recently filed an earnings 8-K with the SEC on Mar 16, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-008420). This is HeartSciences Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is HeartSciences Inc.'s most recent earnings 8-K?
HeartSciences Inc.'s latest earnings 8-K (Item 2.02) was filed Mar 16, 2026 under accession 0001437749-26-008420. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View HeartSciences Inc.'s latest earnings 8-K →
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