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Heartbeam (BEAT) investor relations material
Heartbeam Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved foundational FDA 510(k) clearance for the HeartBeam System for arrhythmia assessment in December 2024, with 12-lead ECG synthesis software clearance anticipated by Q4 2025.
Entered partnerships with HeartNexus and AccurKardia for on-demand, board-certified cardiologist ECG interpretation and automated ECG analysis, supporting commercial launch.
Early access (beta) program provided valuable feedback, enhancing onboarding and user experience ahead of commercial launch.
Presented pivotal clinical study results showing 93.4% diagnostic agreement with standard 12-lead ECGs and advanced AI algorithm data at major conferences.
Expanded IP portfolio to 24 issued patents worldwide, recognized as #2 globally in 12-lead ECG innovation.
Financial highlights
Q3 2025 net loss was $5.3 million, or $0.15 per share, with operating expenses of $5.29 million and cash used in operations down 8% quarter-over-quarter.
Cash and cash equivalents at September 30, 2025, were $1.9 million, down from $2.4 million at year-end 2024.
Net cash used in operating activities for Q3 2025 was $3.2 million; for the nine months ended September 30, 2025, $11.1 million.
Raised $10.3 million from a public offering and $0.5 million from ATM sales during the nine months ended September 30, 2025.
Weighted average shares outstanding for Q3 2025: 34.4 million.
Outlook and guidance
FDA clearance for 12-lead ECG synthesis software expected by end of 2025, enabling initial commercial launch in early 2026.
Initial commercialization to focus on two U.S. regions with prominent concierge and preventive cardiology practices, with national expansion to follow.
No material commercial revenue expected in 2025; more meaningful sales and user growth anticipated in H2 2026 and into 2027.
Plans to expand indications to myocardial infarction detection, with ongoing FDA discussions and proof-of-concept studies completed.
Management plans to raise additional capital through equity, debt, or strategic partnerships.
- TimeTickerHeadlineOpen
- 5 FebEQH
Record AUM/A, strong cash generation, and $1.8B capital return set up double-digit EPS growth. - 5 FebRAL
Q4 revenue rose 1% to $555M, with strong cash flow and a $1.4B goodwill impairment. - 5 FebSNA
Q4 sales up 2.8%, EPS at $4.94, strong cash flow, and a 14% dividend increase. - 5 FebTW
Record revenue, robust earnings growth, and digital asset expansion drive strong results. - 5 FebLSPD
Revenue and gross profit rose, margins improved, and guidance was raised for fiscal 2026. - 5 FebSCSC
Q2 FY26 sales grew 2.5%, but margin pressure led to reduced full-year guidance. - 5 FebAMSC
Q3 FY25 revenue up 21% to $74.5M, record net income, and Q4 guidance above $80M. - 5 FebBSIG
Record AUM, strong net inflows, and margin expansion drove all-time high ENI EPS. - 5 FebDIGIA
Record Q4, €217.0M net sales, and strong international and AI-driven growth outlook. - 5 FebTSN
Strong financials, higher dividends, and all management proposals approved; all shareholder proposals defeated.
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