Pulsenmore Ltd. (PLSM)
Pulsenmore Ltd. specializes in delivering self-scanning ultrasound technology for distant medical diagnosis and health screening throughout Israel and Europe. Its primary offering is the Pulsenmore at-home ultrasound system, which consists of a portable ultrasound unit that attaches to a patient's smartphone. An accompanying mobile application then securely uploads diagnostic images to the cloud for review. Furthermore, a specialized clinician dashboard enables medical professionals to examine stored video recordings or provide real-time guidance during a scan. Founded in 2014, the company is headquartered in Omer, Israel.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
Pulsenmore Ltd. Ordinary Shares
NASDAQ:PLSMHealthcare · Medical - Devices
+3.09%$1.67
Mkt Cap$12.34M
Float5.37M
O/S7.39M
Vol
$ Vol
RVOL
Inst Own4.9%
SI0.1%
Earnings
Dilution
Financials Summary
Revenue$12.79M
Net Income-$5.07M
Total Assets$32.56M
Free Cash Flow-$10.55M
Debt & Equity
Debt 2%
Equity 98%
Total Debt$500K
Total Equity$26.56M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PLSM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$32.56M
Liabilities$6M
Accounts Receivable$1.56M
Accounts Payable$633K
Inventory$2.11M
PP&E (Net)$2.27M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $12.79M | $3.08M | $1.96M | $3.39M | $504K | $0 | $0 |
| YoY Growth | 315.2% | 57.1% | -42.1% | 571.7% | - | - | - |
| Cost of Revenue | $2.03M | $2.42M | $1.95M | $2.15M | $438K | $112K | $78K |
| Gross Profit | $10.77M | $660K | $13K | $1.24M | $66K | -$112K | -$78K |
| Gross Margin | 84.2% | 21.4% | 0.6% | 36.5% | 13.1% | - | - |
| Research and Development | $5.55M | $6.03M | $9.61M | $9.04M | $3.39M | $3.29M | $875K |
| Selling, General, and Administrative | $3.39M | $10.87M | $10.42M | $9.37M | $5.2M | $845K | $385K |
| Other | $5.72M | -$2.77M | -$2.41M | -$2.71M | -$1.52M | $0 | $0 |
| Total Operating Expenses | $14.65M | $14.12M | $17.63M | $15.7M | $7.07M | $4.13M | $1.26M |
| Operating Income (EBIT) | -$3.89M | -$13.46M | -$17.62M | -$14.47M | -$7.01M | -$4.25M | -$1.34M |
| Operating Margin | -30.4% | -437.0% | -898.3% | -427.2% | -1390.2% | - | - |
| Interest Expense | $101K | $172K | $194K | $109K | $92K | $30K | $26K |
| Interest Income | $1.13M | $1.7M | $2.17M | $967K | $24K | $0 | $2K |
| Other Income (Expense) | -$1.18M | $1.73M | -$905K | $7.54M | -$1.18M | -$148K | -$145K |
| Income Before Tax (EBT) | -$5.07M | -$11.73M | -$18.52M | -$6.93M | -$8.19M | -$4.39M | -$1.48M |
| Income Tax Expense | $320 | -$18K | $40K | $0 | $0 | $0 | $0 |
| Net Income | -$5.07M | -$11.72M | -$18.56M | -$6.93M | -$8.19M | -$4.39M | -$1.48M |
| Net Income Margin | -39.6% | -380.3% | -946.5% | -204.5% | -1623.9% | - | - |
| Supplementary Data | |||||||
| EPS | -2.47 | -5.71 | -9.07 | -3.58 | -5.00 | -2.22 | -0.77 |
| Diluted EPS | -2.47 | -5.71 | -9.07 | -3.58 | -5.00 | -2.22 | -0.77 |
| Weighted Average OS | 6.43M | 6.40M | 6.40M | 6.03M | 5.13M | 6.17M | 6.17M |
| EBITDA | -$4.07M | -$10.65M | -$17.57M | -$6.41M | -$7.91M | -$4.25M | -$1.38M |
| EBITDA Margin | -31.8% | -345.7% | -895.7% | -189.3% | -1570.1% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $6.91M | $13.18M | $7.61M | $4.86M | $36.1M | $1.96M | $1.56M |
| Short-Term Investments | $15.19M | $20.05M | $37.35M | $52.54M | $12.93M | $0 | $0 |
| Cash and Short-Term Investments | $22.1M | $33.22M | $44.96M | $57.4M | $49.02M | $1.96M | $1.56M |
| Accounts Receivable | $1.56M | $1.47M | $665K | $3.56M | $1.7M | $88K | $151K |
| Inventory | $2.11M | $7.44M | $7.58M | $5.29M | $2.09M | $598K | $0 |
| Other Current Assets | $45K | $3 | $45K | $2 | $1 | $1 | $0 |
| Total Current Assets | $26.02M | $42.23M | $53.21M | $66.25M | $52.82M | $2.65M | $1.71M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $2.27M | $3.01M | $3.81M | $2.85M | $576K | $235K | $309K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $4.88M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $4.26M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $6.54M | $3.01M | $3.81M | $7.74M | $576K | $235K | $309K |
| Other Assets | $0 | $0 | $1 | $1 | $1 | $0 | $0 |
| Total Assets | $32.56M | $45.23M | $57.02M | $73.99M | $53.39M | $2.88M | $2.02M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $633K | $752K | $1.56M | $1.83M | $265K | $214K | $92K |
| Short-Term Debt | $325K | $319K | $293K | $270K | $177K | $28K | $85K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $300K | $1.64M | $1.63M | $1.61M | $731K | $0 | $0 |
| Other Current Liabilities | -$221K | $636K | $270K | $307K | $559K | $474K | $42K |
| Total Current Liabilities | $3.3M | $4.55M | $4.57M | $4.87M | $2.14M | $918K | $325K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $357K | $763K | $972K | $74K | $277K | $433K |
| Long-Term Unearned Revenue | $0 | $7.3M | $7.26M | $7.12M | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2.52M | -$305K | -$286K | -$577K | $189K | -$42K | -$160K |
| Total Long-Term Liabilities | $2.69M | $7.71M | $8.5M | $8.48M | $337K | $277K | $433K |
| Other Liabilities | $0 | $0 | $1 | $1 | $1 | $0 | $0 |
| Total Liabilities | $6M | $12.26M | $15.24M | $15.59M | $2.48M | $1.19M | $757K |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $639 | $638 | $634 | $626 | $319 | $320 | $337 |
| Retained Earnings | -$58.54M | -$53.35M | -$41.38M | -$22.54M | -$15.93M | -$7.75M | -$3.54M |
| Comprehensive Income & Other | $3.23M | $3.5M | $3.27M | $2.26M | $807K | $216K | $0 |
| Other Stockholders' Equity | $85.1M | $84.25M | $83.28M | $81.25M | $65.03M | $8.68M | $4.81M |
| Total Equity | $26.56M | $30.9M | $41.91M | $58.71M | $49.11M | $925K | $1.26M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $32.56M | $43.16M | $57.15M | $74.31M | $51.59M | $2.12M | $2.02M |
| Supplementary Data | |||||||
| Total Debt | $500K | $1.03M | $1.82M | $2.21M | $325K | $346K | $677K |
| Net Debt | -$6.41M | -$12.14M | -$5.79M | -$2.64M | -$35.77M | -$1.61M | -$880K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$5.07M | -$11.72M | -$18.56M | -$6.93M | -$8.19M | -$4.39M | -$1.48M |
| Depreciation & Amortization | $896K | $910K | $761K | $406K | $179K | $112K | $78K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $213K | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$124K | -$897K | $3.3M | -$2.08M | -$2.27M | $59K | -$147K |
| Inventory | $1.01M | $191K | -$2.99M | -$3.06M | -$834K | -$598K | $0 |
| Accounts Payable | -$121K | -$818K | -$297K | $1.57M | $52K | $127K | $79K |
| Other Working Capital | -$8.45M | $395K | $108K | $6.59M | $880K | $1.3M | $110K |
| Total Working Capital Change | -$7.69M | -$1.13M | $124K | $3.03M | -$2.18M | $885K | $41K |
| Other Non-Cash Items | $1.14M | $1.16M | $4.11M | -$4.34M | $1.87M | $371K | $140K |
| Net Cash from Operating | -$10.51M | -$10.78M | -$13.57M | -$7.83M | -$8.31M | -$3.03M | -$1.22M |
| Investing Activities | |||||||
| Capital Expenditures | -$43K | -$162K | -$1.24M | -$1.41M | -$248K | -$124K | -$59K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$93.75M | -$12.93M | $0 | $0 |
| Sales of Investments | $3.39M | $16.4M | $17.04M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $1.08M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $4.43M | $16.24M | $15.8M | -$95.16M | -$13.18M | -$124K | -$59K |
| Financing Activities | |||||||
| Debt Repaid | $376K | - | - | - | - | - | - |
| Common Stock Issuance | $8K | $957 | $634 | $16.02M | $55.72M | $3.9M | $2.93M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $370K | -$500K | -$363K | -$64K | $1.28M | -$111K | -$77K |
| Net Cash from Financing | $1K | -$499K | -$363K | $15.96M | $57M | $3.79M | $2.85M |
| Forex Effect | -$173K | $530K | $668K | $51.82M | -$1.31M | -$55K | -$9K |
| Net Change in Cash | -$6.25M | $5.49M | $2.54M | -$35.21M | $34.2M | $587K | $1.56M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$10.51M | -$10.78M | -$13.57M | -$7.83M | -$8.31M | -$3.03M | -$1.22M |
| Capital Expenditure | -$43K | -$162K | -$1.24M | -$1.41M | -$248K | -$124K | -$59K |
| Free Cash Flow | -$10.55M | -$10.94M | -$14.81M | -$9.24M | -$8.56M | -$3.15M | -$1.28M |
| Cash at Beginning | $13.16M | $7.68M | $5.07M | $40.07M | $1.89M | $1.37M | $0 |
| Cash at End | $6.91M | $13.18M | $7.61M | $4.86M | $36.1M | $1.96M | $1.56M |