Heartbeam IncHeartbeam Inc
Heartbeam Inc

Heartbeam Inc

BEAT
Health Care·Health Care Technology

HeartBeam, Inc. is a development stage company, which engages in cardiovascular diagnostic technology. Its electrocardiogram (ECG) collection device provides physicians with cardiac diagnostic information for a patient that is outside of a medical institution. The device sends ECG signals to the patient's smartphone and on to a cloud-based software expert system. The company was founded by Branislav Vajdic in 2015 and is headquartered in Santa Clara, CA.

California; U.S.A
Market cap
$27.6MNo data
Revenue
No dataNo data
Net income
$-21M−8.1% YoY
Free cash flow
$-14.6M+0.6% YoY

Market

Listed stock
BEATPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
No dataNo data
Operating income
$-21.1M−6.3% YoY
Net income
$-21M−8.1% YoY
Free cash flow
$-14.6M+0.6% YoY

Revenue, profit & cash trend

Revenue
Reference
Revenue: 2021 $0, 2022 $0, 2023 $0, 2024 $0. Reference line: Reference at $0.

Growth & profitability

Revenue growth
No dataNo data
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-2.3M, 2022-12-31 $-13M, 2023-12-31 $-15.3M, 2024-12-31 $-19.9M, 2025-12-31 $-21.1M. Net income: 2021-12-31 $-4.4M, 2022-12-31 $-13M, 2023-12-31 $-14.6M, 2024-12-31 $-19.4M, 2025-12-31 $-21M. Free cash flow: 2021-12-31 $-3.2M, 2022-12-31 $-9.9M, 2023-12-31 $-12.3M, 2024-12-31 $-14.7M, 2025-12-31 $-14.6M

Growth heatmap

202220232024CAGR
Revenue
No data
No data
No data
No data
Gross profit
No data
No data
No data
No data
Operating income
-470.3%
-17.5%
-29.9%
-6.3%
No data
Free cash flow
-208.0%
-24.1%
-18.8%
+0.6%
No data

Earnings quality

Operating cash flow
$-14M+3.3% YoY
Net income
$-21M−8.1% YoY
Free cash flow
$-14.6M+0.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 67%, 2024-12-31 74%, 2023-12-31 83%, 2022-12-31 77%, 2021-12-31 73%. Free cash flow: 2025-12-31 69%, 2024-12-31 75%, 2023-12-31 84%, 2022-12-31 77%, 2021-12-31 73%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
No data
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No data
EV / EBITDA
No data
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Free cash flow yield
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