HeartSciences Inc. (HSCS) Stock Price Quote, News & Filings

Summary

HeartSciences Inc. is a medical technology company dedicated to augmenting the clinical utility of electrocardiograms (ECGs) by integrating artificial intelligence (AI). The firm develops AI-enhanced ECG (AI-ECG) solutions, including an algorithm specifically designed to detect impaired cardiac relaxation or other forms of cardiac dysfunction, whether caused by heart disease or the natural aging process. Among its offerings is the MyoVista wavECG device, a 12-lead resting ECG that provides comprehensive diagnostic information concerning cardiac function alongside conventional ECG data in a single examination. Furthermore, the company offers MyoVista Insights, a cloud-based platform capable of hosting its AI-ECG algorithms across various ECG hardware systems. Established in 2007, HeartSciences Inc. operates from its headquarters in Southlake, Texas. The company was formerly named Heart Test Laboratories, Inc. until its rebranding to HeartSciences Inc. in October 2024.

Website

heartsciences.com

Location

Southlake, TX, US

Phone682 237 7781

Employees14

CEOAndrew Simpson

Sector

Materials

Industry

Paper & Forest Products

IPO DateJun 16, 2022

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… saction. From June 2021 to September 2022, Mr. Wells served as Chief Financial Officer of GHS Investments, LLC, a private equity fund. Since December 2022, Mr. Wells has served as a member of the Board of Directors of HeartSciences, Inc. (Nasdaq: HSCS). Mr. Wells has a bachelor's degree in finance and entrepreneurship from Seattle Pacific University and a master of business administration from Pepperdine Graziadio Business School. There are no f …
Global Innovative Platforms Inc.HeartSciences Inc.·8-K - Entry into a Material Definitive Agreement·Q1 27·6 Oct
… nvoy Medical, Inc. (Nasdaq: COCH). From June 2021 to September 2022, he served as Chief Financial Officer of GHS Investments, LLC, a private equity fund. Since December 2022, he has served on the Board of Directors of HeartSciences, Inc. (Nasdaq: HSCS). Mr. Wells holds a bachelor's degree in finance and entrepreneurship from Seattle Pacific University and a Master of Business Administration from Pepperdine Graziadio Business School. Mr. Wells pr …
Global Innovative Platforms Inc.HeartSciences Inc.·EX-99.1 - 8-K - Entry into a Material Definitive Agreement·Q1 27·6 Oct
… ny’s deSPAC transaction. From June 2021 to September 2022, Mr. Wells served as Chief Financial Officer of GHS Investments, LLC, a private equity fund. Since December 2022, Mr. Wells has served as a member of the Board of Directors of HeartSciences, Inc. (Nasdaq: HSCS). Mr. Wells has a bachelor’s degree in finance and entrepreneurship from Seattle Pacific University and a master of business administration from Pepperdine Graziadio Business School.
Fusemachines Inc.HeartSciences Inc.·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q3 26·4 Sep
… es ZEC and operates mining infrastructure on the Zcash Network. Fortitude is a vertically-integrated digital asset mining platform focused on Zcash. While Fortitude has announced a proposed business combination with HeartSciences Inc., it is expected that upon the consummation of such business combination, DCG will maintain control of the combined company. In addition, Foundry Digital LLC (“Foundry”), a subsidiary of DCG and affiliate of the Spon …
Zcash ETFHeartSciences Inc.·424B3 - Prospectus filing (Rule 424(b)(3))·Q3 26·25 Aug
… es ZEC and operates mining infrastructure on the Zcash Network. Fortitude is a vertically-integrated digital asset mining platform focused on Zcash. While Fortitude has announced a proposed business combination with HeartSciences Inc., it is expected that upon the consummation of such business combination, DCG will maintain control of the combined company. In addition, Foundry Digital LLC (“Foundry”), a subsidiary of DCG and affiliate of the Spon …
Zcash ETFHeartSciences Inc.·424B3 - Prospectus filing (Rule 424(b)(3))·Q3 26·24 Aug
… es ZEC and operates mining infrastructure on the Zcash Network. Fortitude is a vertically-integrated digital asset mining platform focused on Zcash. While Fortitude has announced a proposed business combination with HeartSciences Inc., it is expected that upon the consummation of such business combination, DCG will maintain control of the combined company. In addition, Foundry Digital LLC (“Foundry”), a subsidiary of DCG and affiliate of the Spon …
Grayscale Zcash Trust (ZEC)HeartSciences Inc.·S-3/A - Registration statement (primary offering, amendment)·Q3 26·21 Aug

Key Stats

Trading

Px/Chg 1D$4.30 / +10.54%

Avg Volume1.58M

Beta0.15

Mkt Cap9.29M

FD Mkt Cap6.56M

Float

Shrs Out/Float2.16M / 1.96M

Short Float0.06%

Days to Cover1.00

Stock Repurchased$0.00

Current Valuation

EV3.98B

EV/EBITDA-520.75

EV/Sales459,601.21

P/B-0.00

P/S1,071.16

FCF Yield-14202.89%

ROE156.03%

ROA-84.89%

Current Ratio0.14

Estimates

P/E-1.09

Est P/E0.00

Est EPS-0.84

Est PEG0.00

Valuation

Metric	5Yr Avg	Sep '23	Sep '24	Sep '25	Sep '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	-1.33	-1.04	-0.15	-1.76	-3.69	-0.00
Price / Sales	437.33	1,281.34	53.45	847.41	0.00	4.42
Price / Book Value	9.90	28.62	0.14	17.97	2.76	-0.00
Price / Free Cash Flow	-0.72	-1.14	-0.16	-2.31	-0.00	-0.01
ENTERPRISE VALUE METRICS
Enterprise Value	121.3	6.5	-3.8	5.6	-3,385.8	3,984.3
Enterprise Value / Sales	847.72	1,263.05	-203.06	1,281.32	0.00	1,897.28
Enterprise Value / EBITDA	357.25	-1.07	0.61	-2.96	1,791.02	-1.36
Enterprise Value / EBIT	351.34	-1.06	0.60	-2.91	1,760.07	0.00

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Apr '21	Apr '22	Apr '23	Apr '24	Apr '25
INCOME STATEMENT
Revenue	-35.8%	0.0	0.0	0.0	0.0	0.0
Gross Income	61%	-0.0	-0.0	-0.0	-0.1	-0.1
EBITDA	37.4%	-2.3	-4.4	-6.1	-6.2	-8.1
EBIT	37.4%	-2.3	-4.5	-6.1	-6.3	-8.3
Net Income	37.5%	-2.5	-4.8	-6.4	-6.6	-8.8
EPS (Diluted)	-41.2%	-77.89	-137.94	-6,173.88	-18.74	-9.34
BALANCE SHEET
Cash & ST Inv	11%	0.7	0.9	1.7	5.8	1.1
Total Assets	21.7%	1.9	2.1	3.3	9.5	4.2
Total Liabilities	1.2%	3.8	8.1	3.1	2.2	4.0
Total Shareholder Equity	—	-1.9	-6.1	0.2	7.3	0.2
CASH FLOW
Net Operating Cash Flow	31.9%	-2.5	-3.6	-5.8	-6.1	-7.4
Cap Ex	155.2%	-0.0	-0.0	-0.0	-0.1	-0.0
Free Cash Flow	32%	-2.5	-3.6	-5.8	-6.2	-7.4

Enterprise Value Bridge

Millions USD		11 Nov '26
Price (As of 11 Nov '26)		2.39
Basic Shares		2.16
Market Cap		5.2
Diluted Shares		3.67
Fully Diluted Shares Outstanding		3.67
Fully Diluted Market Cap		8.8
+Consolidated Debt		4,004.5
−In-the-Money Convertible Debt		—
+Capital Leases		-
+Operating Leases		—
−Cash & Equivalents		-29.9
−Short-term Investments		-
+Total Preferred		0.4
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		-
+Pension Liabilities		—
Enterprise Value		3,980.1

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