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Financial statements

Pulsenmore Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data Pulsenmore Ltd. 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

FY2025
Revenue12.5
Cost of revenue1.99
Gross profit10.6
Research and development5.44
Interest income1.11
Pre-tax income-4.97
Net income-4.97
EPS, basic0.77
EPS, diluted0.77

Balance sheet

FY2025
Cash and equivalents6.77
Inventory6.25
Total current assets25.5
Property, plant and equipment1.83
Lease right-of-use assets0.4
Total assets31.9
Accounts payable0.62
Total current liabilities3.24
Lease liabilities0.17
Total liabilities5.88
Paid-in capital80.3
Retained earnings-57.4
Total equity26
Total liabilities and equity31.9

Cash flow statement

FY2025
Net income-4.97
Depreciation and amortization0.88
Cash from operations-10.3
Capital expenditures-0.04
Cash from investing4.34
Cash from financing0
Exchange rate effect-0.17
Net change in cash-5.96
Free cash flow-10.3

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $2.41 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin84.2%Gross profit / revenue.
Pre-tax margin-39.6%Pre-tax income / revenue.
Net margin-39.6%Net income / revenue.
FCF margin-82.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-82.1%Cash from operations / revenue.
Return on assets (ROA)-15.6%Net income / average total assets.
R&D / revenue43.3%Research and development expense / revenue.
Capex / revenue0.3%Capital expenditures / revenue.
D&A / revenue7.0%Depreciation and amortization / revenue.

Balance sheet health

MetricValueHow it is calculated
Current ratio7.88xCurrent assets / current liabilities.
Quick ratio2.09x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio2.09x(Cash + short-term investments) / current liabilities.
Liabilities / assets18.4%Total liabilities / total assets.
Working capital$22.3MCurrent assets - current liabilities.

Efficiency

MetricValueHow it is calculated
Asset turnover0.39xRevenue / average total assets.
Fixed asset turnover6.88xRevenue / average property, plant and equipment.
Inventory turnover0.32xCost of revenue / average inventory.
Days inventory1,147 days365 x average inventory / cost of revenue.
Days payables114 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted$0.77Net 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.
EPS, basic$0.77Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$15.7MShare price x shares outstanding.
Enterprise value$8.9MMarket cap + total debt - cash - short-term investments.
P/S1.25xMarket cap / revenue.
EV/Sales0.71xEnterprise value / revenue.
FCF yield-66.0%Free cash flow / market cap.
Earnings yield-31.7%Net income / market cap (the inverse of P/E).
What was Pulsenmore Ltd.'s revenue in fiscal 2025?

Pulsenmore Ltd. reported revenue of $12.5M for fiscal 2025.

Was Pulsenmore Ltd. profitable in fiscal 2025?

No. It reported a net loss of $5.0M.

How much free cash flow did Pulsenmore Ltd. generate in fiscal 2025?

Cash from operations of $10.3M minus capital expenditures of $42.0K left free cash flow of -$10.3M.

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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