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Visual21 Nov 2025
Data center suppliers
Heartbeam (BEAT) investor relations material
Heartbeam Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
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 year-end 2025.
Announced partnerships with HeartNexus and AccurKardia for on-demand cardiologist ECG review and automated ECG interpretation, supporting commercial launch.
Early access (beta) program provided valuable feedback to enhance onboarding and user experience ahead of commercialization.
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, ranking #2 globally in 12-lead ECG innovation.
Financial highlights
Net loss for Q3 2025 was $5.3 million, or $0.15 per share, consistent with prior quarters and up 6% year-over-year.
Operating expenses for Q3 2025 were $5.3 million, up 4–5% year-over-year.
Net cash used in operating activities was $3.2 million for Q3 2025, an 8% decrease quarter-over-quarter.
Cash and cash equivalents at September 30, 2025, were $1.9 million, down from $2.4 million at year-end 2024.
Raised $10.3 million from a public offering and $0.5 million from ATM sales during the nine months ended September 30, 2025.
Outlook and guidance
FDA clearance for 12-lead ECG synthesis software is expected by year-end 2025, enabling initial commercialization in early 2026.
Initial commercial rollout will focus on Southern California and South Florida, targeting approximately 75,000 patients per region.
No material commercial revenue expected in 2025; focus remains on regulatory milestones and commercial readiness.
Management believes current liquidity is insufficient to fund operations for the next twelve months, requiring additional capital.
Plans to expand into additional regions and accelerate growth as data and demand support.
How will initial market entry prove business model?
Post-clearance funding strategy to minimize dilution?
Pathway for myocardial infarction detection indication?
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Q4 202513 Mar, 2026
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Frequently asked questions
HeartBeam, Inc. is a medical technology company focused on developing innovative cardiac care solutions. The company’s primary product is a proprietary 3D-vector ECG platform designed to assist in the detection and diagnosis of heart attacks and other cardiac conditions. HeartBeam aims to provide more accurate and accessible cardiac care tools, enabling healthcare professionals to monitor and diagnose heart-related issues in both clinical and remote settings. The company serves the healthcare industry, particularly in the fields of cardiology and emergency medicine, with a focus on improving diagnostic accuracy and patient outcomes. The company is headquartered in Santa Clara, California, and its shares are listed on the NASDAQ.
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