HeartSciences Inc.
HSCSNasdaqHealthcare · Orthopedic, Prosthetic & Surgical Appliances & Supplies · TX · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | $4,350 | $18,600 | $5,150 | $14,373 |
| Operating income | −$8.4M | −$6.3M | −$6.1M | −$4.7M |
| Net income | −$8.8M | −$6.6M | −$6.4M | −$4.8M |
| Total assets | $4.2M | $9.5M | $3.3M | $2.1M |
| Total liabilities | $4.0M | $2.2M | $3.1M | $8.1M |
| Equity | $205,171 | $7.3M | $230,557 | −$6.1M |
| EPS (diluted) | $-9.34 | $-18.74 | $-80.00 | $-1.45 |
| Shares out. | 1.9M | 855,966 | 10.4M | 3.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −192013.1%
- Net margin
- −201499.5%
- Return on equity
- −4272.2%
- Return on assets
- −207.6%
- Return on capital (ROCE)
- −1607.2%
- Liabilities / assets
- 95.1%
- Debt / equity
- 19.58×
- Book value / share
- $0.11
- Revenue growth (YoY)
- −76.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -74.39distress
- Accruals / assets
- −32.0%clean
- Piotroski F-Score
- 1/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 5 warning● 1 good- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 37,672 | 1.4 | +19.0% |
| Apr 30, 2026 | 31,647 | 1.0 | +10.0% |
| Apr 15, 2026 | 28,778 | 2.0 | -18.2% |
| Mar 31, 2026 | 35,192 | 3.2 | +8.3% |
| Mar 13, 2026 | 32,498 | 3.5 | -14.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 6, 2026
- Director / officer changeApr 3, 2026
- Results of operationsMar 16, 2026
- Entered a material agreement · New financial obligation · Unregistered equity saleJan 16, 2026
- Entered a material agreementDec 16, 2025
- Results of operationsDec 15, 2025
- Unregistered equity sale · Director / officer changeNov 28, 2025
- Entered a material agreement · New financial obligation · Other material eventOct 1, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 253G2OFFERING CIRCULARJun 1, 2026
- 8-KCURRENT REPORTMay 6, 2026
- QUALIFApr 17, 2026
- 253G2OFFERING CIRCULARApr 17, 2026
- 1-A POSApr 10, 2026
- 8-KCURRENT REPORTApr 3, 2026
- DEFA14ADEFINITIVE ADDITIONAL MATERIALSMar 19, 2026
- DEF 14APROXY STATEMENTMar 17, 2026
- 8-KFORM 8-KMar 16, 2026
- 10-QFORM 10-QMar 16, 2026
- PRE 14APRELIMINARY PROXY STATEMENTMar 6, 2026
- 8-KCURRENT REPORTJan 16, 2026
- 4Jan 12, 2026
- 4Jan 12, 2026
- 4Dec 22, 2025