TIVC (TIVC)
Tivic Health Systems, Inc.
NASDAQ:TIVCHealthcare · Medical - Devices
Mkt Cap-
Float-
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$382K
Net Income-$8.88M
Total Assets$31.61M
Free Cash Flow-$7.58M
Debt & Equity
Debt 28%
Equity 72%
Total Debt$6.45M
Total Equity$16.8M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:17
Nasdaq bars a compliance period at 1:250
- 1:17Reverse splitMar 7, 202517 shares → 1
- 1:100Reverse splitAug 23, 2023100 shares → 1
Balance Sheet Details
Assets$31.61M
Liabilities$14.81M
Accounts Receivable$1K
Accounts Payable$264K
Inventory$0
PP&E (Net)$16.1M
Goodwill$0
Intangible Assets$2.24M
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 | $382K | $780K | $1.18M | $1.84M | $1.17M | $860K | $420K |
| YoY Growth | -51.0% | -33.7% | -36.1% | 57.8% | 35.6% | 104.8% | - |
| Cost of Revenue | $5K | $778K | $889K | $1.54M | $1.29M | $1.08M | $709K |
| Gross Profit | -$5K | $2K | $287K | $299K | -$129K | -$225K | -$289K |
| Gross Margin | -1.3% | 0.3% | 24.4% | 16.3% | -11.1% | -26.2% | -68.8% |
| Research and Development | $3.13M | $1.31M | $1.66M | $1.73M | $878K | $659K | $990K |
| Selling, General, and Administrative | $5.57M | $4.35M | $6.88M | $8.67M | $4.63M | $2.32M | $2.36M |
| Other | -$805K | $0 | $0 | $0 | $0 | $0 | $15K |
| Total Operating Expenses | $7.89M | $5.66M | $8.53M | $10.4M | $5.5M | $2.98M | $3.35M |
| Operating Income (EBIT) | -$7.9M | -$5.66M | -$8.24M | -$10.1M | -$5.63M | -$3.2M | -$3.64M |
| Operating Margin | -2067.5% | -725.8% | -701.1% | -548.8% | -483.0% | -372.6% | -867.4% |
| Interest Expense | $146K | $0 | $0 | $0 | $1.82M | $423K | $443K |
| Interest Income | $23K | $6K | $1K | $2K | $0 | $0 | $0 |
| Other Income (Expense) | -$95K | $6K | $999 | $2K | -$2.86M | -$435K | -$503K |
| Income Before Tax (EBT) | -$7.99M | -$5.66M | -$8.24M | -$10.1M | -$8.49M | -$3.64M | -$4.15M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $1K | $0 | $2K |
| Net Income | -$8.88M | -$5.66M | -$8.24M | -$10.1M | -$8.49M | -$3.64M | -$4.15M |
| Net Income Margin | -2324.1% | -725.0% | -701.0% | -548.7% | -728.5% | -423.1% | -987.6% |
| Supplementary Data | |||||||
| EPS | -7.84 | -19.67 | -176.72 | -104.37 | -243.16 | -177.01 | -180.36 |
| Diluted EPS | -7.84 | -19.67 | -176.72 | -104.37 | -243.15 | -177.01 | -180.35 |
| Weighted Average OS | 287,370 | 287.37M | 46,650 | 96,729 | 34,932 | 23,032 | 22,999 |
| EBITDA | -$7.84M | -$5.31M | -$8.06M | -$9.92M | -$6.65M | -$3.21M | -$3.7M |
| EBITDA Margin | -2052.9% | -680.6% | -685.5% | -539.3% | -570.1% | -373.0% | -880.7% |
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 | $12.64M | $2M | $3.4M | $3.52M | $12.97M | $1.04M | $2.31M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $12.64M | $2M | $3.4M | $3.52M | $12.97M | $1.04M | $2.31M |
| Accounts Receivable | $1K | $69K | $174K | $107K | $92K | $52K | $13K |
| Inventory | $0 | $319K | $756K | $863K | $429K | $241K | $475K |
| Other Current Assets | $360K | $249K | $327K | $235K | -$41K | $160K | $0 |
| Total Current Assets | $13.01M | $2.64M | $4.65M | $4.72M | $14.29M | $1.5M | $2.97M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $16.1M | $119K | $471K | $535K | $698K | $19K | $27K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.24M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $143K | $0 | $0 | $0 |
| Other Long-Term Assets | $260K | $49K | $34K | $618K | $49K | $15K | $23K |
| Total Long-Term Assets | $18.6M | $168K | $505K | $1.3M | $747K | $34K | $50K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $31.61M | $2.81M | $5.16M | $6.02M | $15.04M | $1.53M | $3.02M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $264K | $125K | $713K | $1.32M | $789K | $370K | $369K |
| Short-Term Debt | $0 | $0 | $0 | $163K | $0 | $36K | $0 |
| Current Income Tax Payable | $0 | $0 | $160K | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $2K | $0 | $16K | $1K |
| Other Current Liabilities | $6K | $15K | $277K | $245K | $61K | $853K | $1K |
| Total Current Liabilities | $646K | $272K | $1.4M | $1.88M | $1.22M | $1.27M | $653K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $6.45M | $0 | $0 | $0 | $0 | $1.43M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $143K | $0 | $0 | $0 |
| Other Long-Term Liabilities | $7.71M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $14.16M | $0 | $176K | $510K | $545K | $1.43M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $14.81M | $272K | $1.58M | $2.39M | $1.76M | $2.71M | $653K |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $1K | $0 |
| Common Stock | $2K | $1K | $0 | $1K | $1K | $1K | $1K |
| Retained Earnings | -$52.6M | -$43.54M | -$37.89M | -$29.64M | -$19.55M | -$11.05M | -$7.41M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$1K |
| Other Stockholders' Equity | $69.39M | $46.08M | $41.47M | $33.27M | $32.82M | $9.87M | $9.78M |
| Total Equity | $16.8M | $2.54M | $3.58M | $3.63M | $13.27M | -$1.18M | $2.37M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $31.61M | $2.81M | $5.16M | $6.02M | $15.04M | $1.53M | $3.02M |
| Supplementary Data | |||||||
| Total Debt | $6.45M | $0 | $369K | $530K | $708K | $1.47M | $0 |
| Net Debt | -$6.19M | -$2M | -$3.03M | -$2.99M | -$12.27M | $425K | -$2.31M |
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 | -$7.99M | -$5.66M | -$8.24M | -$10.1M | -$8.49M | -$3.64M | -$4.15M |
| Depreciation & Amortization | $5K | $352K | $182K | $174K | $24K | $8K | $4K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $564K | $229K | $271K | $398K | $57K | $78K | $10K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $0 | $105K | -$67K | $1K | -$66K | -$75K | -$26K |
| Inventory | $0 | $83K | $75K | -$434K | -$181K | $227K | -$476K |
| Accounts Payable | $139K | -$588K | -$610K | $534K | $419K | $1K | $348K |
| Other Working Capital | $313K | -$605K | -$150K | $504K | -$575K | -$109K | $86K |
| Total Working Capital Change | $452K | -$1M | -$752K | $605K | -$403K | $44K | -$68K |
| Other Non-Cash Items | -$27K | $354K | $32K | $398K | $3.2M | $482K | $532K |
| Net Cash from Operating | -$7M | -$5.72M | -$8.51M | -$8.92M | -$5.61M | -$3.03M | -$3.67M |
| Investing Activities | |||||||
| Capital Expenditures | -$38K | $0 | -$118K | -$11K | $0 | $0 | -$31K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$124K | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$543K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$705K | $0 | -$118K | -$11K | $0 | $0 | -$31K |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | -$2.59M | -$1.75M | -$1.71M |
| Common Stock Issuance | $2.45M | $4.38M | $8.51M | -$528K | $14.89M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$308K | -$49K | $0 | $0 | $62K | $3K | $0 |
| Net Cash from Financing | $18.35M | $4.33M | $8.51M | -$528K | $17.54M | $1.76M | $5.55M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $10.64M | -$1.39M | -$122K | -$9.46M | $11.93M | -$1.27M | $1.85M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$7M | -$5.72M | -$8.51M | -$8.92M | -$5.61M | -$3.03M | -$3.67M |
| Capital Expenditure | -$581K | $0 | -$118K | -$11K | $0 | $0 | -$31K |
| Free Cash Flow | -$7.58M | -$5.72M | -$8.63M | -$8.93M | -$5.61M | -$3.03M | -$3.7M |
| Cash at Beginning | $2M | $3.4M | $3.52M | $12.97M | $1.04M | $2.31M | $459K |
| Cash at End | $12.64M | $2M | $3.4M | $3.52M | $12.97M | $1.04M | $2.31M |