Heart Test Laboratories, Inc. (d/b/a HeartSciences) is medical technology company focused on applying innovative AI-based technology to an ECG (also known as an EKG) to expand and improve an ECG’s clinical usefulness. The Company’s objective is to make an ECG a far more valuable cardiac screening tool, particularly in frontline or point-of-care clinical settings. HeartSciences’ first product candidate for FDA clearance, the MyoVista wavECG, or the MyoVista, is a resting 12-lead ECG that is also designed to provide diagnostic information related to cardiac dysfunction which has traditionally only been available through the use of cardiac imaging. The MyoVista also provides conventional ECG information in the same test. The business model, which involves the use of the MyoVista device and consumables for each test, is expected to be “razor-razorblade” as the electrodes used with the MyoVista are proprietary to HeartSciences, and new electrodes are required for every test performed. Additional information about the Company is available at www.heartsciences.com.
Company profile
Ticker
HSCS, HSCSW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Zimmer Biomet • Enovis • Steris • Intuitive Surgical • Avanos Medical • Edwards Lifesciences • Invacare • MSA Safety • Align Technology • Surgalign ...
SEC CIK
IRS number
261344466
HSCS stock data
Analyst ratings and price targets
Latest filings (excl ownership)
424B3
Prospectus supplement
16 Mar 23
8-K
HeartSciences Provides Business Update and Reports Third Quarter Fiscal 2023 Financial Results
16 Mar 23
10-Q
2023 Q3
Quarterly report
16 Mar 23
424B3
Prospectus supplement
14 Mar 23
8-K/A
Unregistered Sales of Equity Securities
13 Mar 23
424B3
Prospectus supplement
13 Mar 23
8-K
Entry into a Material Definitive Agreement
13 Mar 23
424B3
Prospectus supplement
22 Feb 23
8-K
Unregistered Sales of Equity Securities
22 Feb 23
424B3
Prospectus supplement
13 Feb 23
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 1.93 mm | 1.93 mm | 1.93 mm | 1.93 mm | 1.93 mm | |
Cash burn (monthly) | 381.67 k | 195.13 k | 436.43 k | 376.19 k | 150.98 k | |
Cash used (since last report) | 664.64 k | 339.80 k | 760.01 k | 655.10 k | 262.91 k | |
Cash remaining | 1.27 mm | 1.59 mm | 1.17 mm | 1.28 mm | 1.67 mm | |
Runway (months of cash) | 3.3 | 8.2 | 2.7 | 3.4 | 11.0 |
Institutional ownership, Q4 2022
13F holders | Current |
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Total holders | 0 |
Opened positions | 0 |
Closed positions | 7 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
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Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Mar 23 | Bruce Bent | Director Stock Option Common Stock | Grant | Acquire A | No | No | 0.97 | 50,000 | 48.50 k | 50,000 |
20 Mar 23 | Mark T Hilz | Employee Stock Option Common Stock | Grant | Acquire A | No | No | 0.97 | 300,000 | 291.00 k | 300,000 |
20 Mar 23 | Danielle Watson | Employee Stock Option Common Stock | Grant | Acquire A | No | No | 0.97 | 75,000 | 72.75 k | 75,000 |
20 Mar 23 | Andrew Simpson | Employee Stock Option Common Stock | Grant | Acquire A | No | No | 0.97 | 300,000 | 291.00 k | 300,000 |
20 Mar 23 | Brian Szymczak | Director Stock Option Common Stock | Grant | Acquire A | No | No | 0.97 | 50,000 | 48.50 k | 50,000 |
News
Heart Test Laboratories Q3 EPS $(0.16) Beats $(0.22) Estimate, Sales $1.95K
16 Mar 23
Heart Test Laboratories Shares Moving Higher; HeartSciences CEO Invited As Featured Guest On The Big Biz Show, February 7 At 2:45 p.m. ET
7 Feb 23
Why Omeros Are Trading Higher By 32%? Here Are Other Stocks Moving In Monday's Mid-Day Session
6 Feb 23
12 Health Care Stocks Moving In Monday's Intraday Session
6 Feb 23
12 Health Care Stocks Moving In Monday's Pre-Market Session
6 Feb 23
Press releases
HeartSciences Provides Business Update and Reports Third Quarter Fiscal 2023 Financial Results
16 Mar 23
HeartSciences CEO Invited as Featured Guest on The Big Biz Show, February 7 at 11:45 a.m. Pacific Time
7 Feb 23
HeartSciences Granted Key Israeli International Patent for its MyoVista® Wavelet Technology Utilizing Artificial Intelligence (AI) for Early Detection of Heart Disease
6 Feb 23
Thinking about buying stock in Genetic Technologies, Heart Test Laboratories, Magenta Therapeutics, Carvana, or C3.ai?
3 Feb 23
HeartSciences Announces Further Internationalization of its Patent Portfolio
3 Feb 23