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Financial statements

CareView Communications Inc financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CareView Communications Inc files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue5.976.266.16.296.497.87.99.688.259.02
Cost of revenue0.10.10.030.03
Gross profit6.165.996.266.46
Research and development1.251.651.431.41.711.711.972.52.352.41
Selling and marketing0.780.690.390.320.580.550.791.031.140.97
General and administrative3.764.013.234.052.723.233.13.242.752.35
Operating expenses12.312.99.759.538.378.959.1710.49.839.07
Operating income-6.31-6.62-3.65-3.24-1.88-1.15-1.27-0.69-1.58-0.06
Interest expense12.613.512.510.910.68.956.263.213.213.21
Interest income0.020.01000000.020.050.07
Other non-operating income-12.4-10.9-9.8-8.93-4.77-3.19-3.15-3.14
Pre-tax income-18.7-20.1-16.1-14.1-11.7-10.1-6.04-3.88-4.73-3.19
Income tax000.07-0.030.01
Net income to minority interests-0.05
Net income-18.6-20.1-16.1-14.1-11.7-10.1-6.04-3.95-4.7-3.2
EBITDA-4.49-4.73-2.37-2.52-1.35-0.57-0.77-0.35-1.330.11
EPS, basic-0.13-0.14-0.12-0.10-0.08-0.07-0.04-0.01-0.01-0.01
EPS, diluted-0.13-0.14-0.12-0.10-0.08-0.07-0.04-0.01-0.01-0.01
Shares, basic (weighted)139139139139139139142448584584
Shares, diluted (weighted)139139139139139139142448584584

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents12.64.571.20.270.360.660.421.150.761.55
Receivables1.071.211.281.671.150.930.951.1711.03
Inventory0.410.350.30.290.420.4
Other current assets0.110.591.410.220.240.240.070.340.480.23
Total current assets11.33.863.892.162.162.181.842.942.663.21
Property, plant and equipment4.153.322.491.981.591.140.640.320.180.1
Lease right-of-use assets0.090.660.560.430.290.130.75
Intangible assets0.610.670.750.830.90.910.820.410.40.37
Other non-current assets2.171.771.811.161.751.771.460.30.260.21
Total assets21.512.18.185.295.55.083.954.263.624.64
Accounts payable0.20.370.510.440.440.410.650.60.470.31
Accrued liabilities6.84
Deferred revenue0.260.470.980.891.752.412.41
Short-term debt14.2
Total current liabilities1.899.6517.425.674.289.366.140.243.846.7
Long-term debt0.440.514.183.661.83
Lease liabilities0.560.450.310.1400.72
Other non-current liabilities0.040.020.180.250
Total liabilities64.274.3869710911880.640.544.147.7
Total debt14.2
Paid-in capital84.183.68484.284.485.1127171172172
Retained earnings-126-146-162-176-188-198-204-208-213-216
Shareholders' equity-42.7-62.2-77.8-91.7-103-113-76.7-36.3-40.4-43
Minority interests-0.55
Total equity-42.7-62.2-77.8-91.7-103-113-76.7-36.3-40.4-43
Total liabilities and equity21.512.18.185.295.55.083.954.263.624.64
Shares outstanding139139139139139142142584584584

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-18.7-20.1-16.1-14.1-11.7-10.1-6.04-3.95-4.7-3.2
Depreciation and amortization1.821.891.280.720.530.580.50.330.250.17
Stock-based compensation0.720.40.260.160.160.220.230.15
Deferred income tax000
Change in receivables0.11-0.14-0.07-0.380.520.21-0.02-0.220.17-0.03
Change in inventory-0.410.060.050.01-0.120.02
Change in payables-0.140.170.14-0.070-0.030.24-0.05-0.13-0.16
Cash from operations-6.07-6.26-4.84-1.44-0.790.68-0.370.7-0.310.81
Capital expenditures-1.43-0.99-0.43-0.16-0.14-0.1-0.01-0.02-0.05-0.01
Cash from investing-1.52-1.26-0.62-0.34-0.3-0.23-0.01-0.06-0.07-0.02
Debt repaid-0.02-0.010
Cash from financing-0-0.52.850.11.18-0.150.24-0.02-0.010
Net change in cash-7.59-8.02-2.62-1.680.090.3-0.140.63-0.390.79
Free cash flow-7.5-7.25-5.27-1.59-0.930.58-0.380.69-0.350.8
Interest paid2.722.72.030.15

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.04 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin4.4%Operating income / revenue.
EBITDA margin6.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-28.9%Pre-tax income / revenue.
Net margin-28.9%Net income / revenue.
FCF margin1.8%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin2.1%Cash from operations / revenue.
Return on assets (ROA)-46.3%Net income / average total assets.
R&D / revenue26.9%Research and development expense / revenue.
Capex / revenue0.4%Capital expenditures / revenue.
D&A / revenue1.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y9.3%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y4.5%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y6.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y28.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y5.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-3.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y60.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y33.2%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.09xCurrent assets / current liabilities.
Quick ratio0.08x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.04x(Cash + short-term investments) / current liabilities.
Liabilities / assets842.2%Total liabilities / total assets.
Interest coverage0.13xOperating income / interest expense.
Working capital-$44.3MCurrent assets - current liabilities.
Goodwill and intangibles / assets5.9%(Goodwill + intangible assets) / total assets.
Tangible book value-$44.1MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.60xRevenue / average total assets.
Fixed asset turnover93.2xRevenue / average property, plant and equipment.
Receivables turnover5.40xRevenue / average receivables.
Days sales outstanding68 days365 x average receivables / revenue.
Capex / operating cash flow17.4%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.00Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.02Revenue / diluted weighted shares.
FCF per share$0.00Free cash flow / diluted weighted shares.
Operating cash flow per share$0.00Cash from operations / diluted weighted shares.
Book value per share-$0.07Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.08Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$20.4MShare price x shares outstanding.
Enterprise value$18.5MMarket cap + total debt - cash - short-term investments.
P/S2.17xMarket cap / revenue.
P/FCF123xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF102xMarket cap / cash from operations, when positive.
EV/Sales1.96xEnterprise value / revenue.
EV/EBIT44.2xEnterprise value / operating income, when both are positive.
EV/EBITDA32.7xEnterprise value / EBITDA, when both are positive.
EV/FCF112xEnterprise value / free cash flow, when both are positive.
FCF yield0.8%Free cash flow / market cap.
Earnings yield-13.4%Net income / market cap (the inverse of P/E).
What was CareView Communications Inc's revenue in fiscal 2025?

CareView Communications Inc reported revenue of $9.0M for fiscal 2025, 9.3% higher than the year before.

Was CareView Communications Inc profitable in fiscal 2025?

No. It reported a net loss of $3.2M.

How much free cash flow did CareView Communications Inc generate in fiscal 2025?

Cash from operations of $805.2K minus capital expenditures of $8.7K left free cash flow of $796.5K.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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