Pulsenmore Ltd. (PLSM) AI Stock Analysis
PLSM AI stock analysis summary
AI ResearchPulsenmore Ltd. is an Israel-based medical device company developing portable ultrasound solutions, including Pulsenmore ES and Pulsenmore FC. In FY2025, the company grew revenue by 315.2% to $40.0M with an 84.2% gross margin, though net income remained negative at -$15.9M. PLSM closed at $1.87 on October 16, 2026, with net cash of $35.7M on its balance sheet.
- Market cap
- $12.2M
- Revenue (TTM)
- $0
- P/E
- —
- 1Y return
- — S&P 500 16.8%
- Avg. target
- —
Bull case
- Revenue surged 315.2% to $40.0M in FY2025, supported by a 4-year revenue CAGR of 124.5%.
- Gross margin improved substantially from 21.4% in FY2024 to 84.2% in FY2025.
- The balance sheet holds $35.7M in net cash and a current ratio of 1.84 as of June 30, 2026.
Bear case
- The company remains unprofitable, recording a net income of -$15.9M in FY2025 and a TTM profit margin of -66.0%.
- Free cash flow was -$33.0M in FY2025, following negative free cash flows in every reported year since FY2021.
- The stock closed at $1.87 on October 16, 2026, reflecting a steep decline from its 52-week high of $12.97.
What Pulsenmore does
Pulsenmore Ltd., a medical device company incorporated in 2014 and based in Omer, Israel, engages in the research, development, manufacture, marketing, and sale of portable ultrasound solutions. The company provides its Pulsenmore ES and Pulsenmore FC products across several international markets, including the United States, the United Kingdom, Northern Ireland, and Europe. Operating with 71 employees following its 2026 IPO on the NASDAQ, Pulsenmore focuses on commercializing portable ultrasound technology.
Growth and profitability
Pulsenmore demonstrated significant top-line expansion, growing revenue from $1.6M in FY2021 to $10.6M in FY2022, before dropping 42.1% to $6.1M in FY2023. Revenue recovered to $9.6M in FY2024 and expanded 315.2% to $40.0M in FY2025, reflecting a 4-year revenue CAGR of 124.5%. Gross margin widened considerably to 84.2% in FY2025 compared to 0.6% in FY2023 and 21.4% in FY2024. While operating margin improved from -1390.2% in FY2021 to -30.4% in FY2025, net income remained negative at -$15.9M. For the latest quarter ended June 30, 2026, quarterly revenue growth was 52.0% year-over-year, alongside a TTM profit margin of -66.0% and TTM EPS of -$1.33.
Balance sheet and cash flow
As of June 30, 2026, Pulsenmore held $70.3M in cash and short-term investments against total debt of $34.6M, resulting in net cash of $35.7M. The company reported total assets of $100.6M and shareholders' equity of $48.7M, supporting a current ratio of 1.84 and a debt-to-equity ratio of 0.71. In FY2025, operating cash flow stood at -$32.9M and free cash flow was -$33.0M, while capital expenditures were $135,000. Over five years, the share count increased by 12.4%.
Valuation and performance
Pulsenmore trades at a price-to-sales multiple of 1.1x, which sits below the 4.1x median of its US-listed Healthcare peers. Its enterprise value stands at -$7.1M with an EV-to-revenue multiple of 0.1x and a price-to-book ratio of 1.0x. The company's market cap is $12.2M, with a stock price of $1.87 as of October 16, 2026, well below its 52-week high of $12.97 and near its 52-week low of $1.71. Meanwhile, the S&P 500 (SPY) delivered a 1-year return of 16.8% and a 5-year return of 83.0%.
What analysts expect
There are no consensus analyst ratings, mean price targets, or earnings estimates published for Pulsenmore. The stock recorded a last close of $1.87 on October 16, 2026, having traded between a 52-week low of $1.71 and a 52-week high of $12.97. With an IPO year of 2026 and trailing twelve-month EPS of -$1.33 through the quarter ended June 30, 2026, the company operates without formal analyst coverage or scheduled next earnings announcement dates in available tracking records.
Key risks and what to watch
- Operating cash flow was negative at -$32.9M in FY2025, which may pressure liquidity if cash burn continues against $70.3M in cash reserves.
- Revenue has shown historical volatility, declining 42.1% in FY2023 before rebounding.
- Total debt of $34.6M represents a debt-to-equity ratio of 0.71 as of June 30, 2026.
- Low institutional ownership of 4.5% contrasts with insider ownership of 35.8%, which could affect float liquidity.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this PLSM AI stock analysis
This page is an AI-written research summary of Pulsenmore Ltd. (PLSM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: PLSM income statement, PLSM balance sheet, PLSM key metrics, PLSM chart. See the PLSM stock overview for the latest quote and news.
PLSM AI stock analysis FAQ
What products does Pulsenmore Ltd. produce?
Pulsenmore produces portable ultrasound solutions, including the Pulsenmore ES and Pulsenmore FC products. These products are offered in the United States, the United Kingdom, Northern Ireland, and Europe.
How fast is Pulsenmore growing its revenue?
Pulsenmore achieved a 4-year revenue CAGR of 124.5% between FY2021 and FY2025, with FY2025 revenue rising 315.2% to $40.0M. For the latest quarter ended June 30, 2026, quarterly revenue grew 52.0% year-over-year.
Is Pulsenmore profitable?
No, Pulsenmore is not currently profitable, reporting net income of -$15.9M in FY2025 and a TTM EPS of -$1.33. Its operating cash flow stood at -$32.9M and free cash flow was -$33.0M for FY2025.
What is Pulsenmore's cash and debt position?
As of June 30, 2026, Pulsenmore held $70.3M in cash and short-term investments and $34.6M in total debt, leaving net cash of $35.7M. Its current ratio was 1.84 and debt-to-equity was 0.71.
Does Pulsenmore pay a dividend?
Pulsenmore does not pay a dividend. The company completed its IPO in 2026 and utilizes its capital to fund operations, recording free cash flow of -$33.0M in FY2025.