HeartSciences Provides Business Update and Reports Third Quarter Fiscal 2025 Financial Results
Company Progress and Innovations: HeartSciences Inc. reported significant advancements in their AI-powered ECG technology, with expectations for FDA submissions of their MyoVista® wavECG™ device and the MyoVista Insights platform within 2025, aiming to modernize ECG management systems and improve heart disease detection.
Financial Overview: The company had no revenues during Q3 FY2025, with cash reserves of approximately $2.6 million, while also highlighting the establishment of reimbursement rates for AI-ECG services by CMS, indicating a promising commercial opportunity in the healthcare market.
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HeartSciences Shares Business Update and Announces Financial Results for First Quarter of Fiscal 2026
Company Overview: HeartSciences Inc. is an AI-powered medical technology company focused on enhancing ECGs/EKGs for earlier heart disease detection, recently achieving FDA Breakthrough Device Designation and launching the MyoVista Insights software platform.
MyoVista Insights Launch: The MyoVista Insights platform modernizes ECG management systems, allowing integration with existing devices and hospital workflows without additional capital expenditures, while also introducing CPT reimbursement codes for AI-ECG algorithms.
Financial Performance: For the first quarter of fiscal 2026, HeartSciences reported no significant revenue, with approximately $2.8 million in cash and $3.1 million in shareholders' equity, but has since raised additional funds to strengthen its balance sheet.
Future Plans: The company aims to submit its MyoVista wavECG device for FDA approval and expand its intellectual property portfolio, while positioning itself to achieve regulatory clearances and initial revenues in 2026.
HeartSciences Announces Conference Participation and Investor Webinar
Company Announcement: HeartSciences Inc., an AI-powered medical technology company, is hosting multiple virtual events in August 2025 to introduce its ECG/EKG technology and update investors, including an Investor Webinar on August 20 and a presentation at the Emerging Growth Conference 85 on the same day.
Product Focus: The company's MyoVista® wavECG™ aims to enhance cardiac screening by providing diagnostic information related to cardiac dysfunction, traditionally available only through imaging, while also delivering conventional ECG data.