Picard Medical Reports Reduced Losses in Q3
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
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Should l Buy PMI?
Source: NASDAQ.COM
Financial Performance: Picard Medical, Inc. reported a narrowed loss per share of $0.19 in Q3, compared to $0.87 the previous year, while revenue increased to $1.19 million from $0.88 million.
EBIT and EBITDA Losses: The EBIT loss widened to $10.43 million from $6.21 million, but the EBITDA loss narrowed to $3.49 million from $4.44 million year-over-year.
Market Reaction: In pre-market trading, shares of Picard Medical fell by 3.69%, trading at $2.3500 on the New York Stock Exchange.
Disclaimer: The views expressed in the report are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
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Analyst Views on PMI
About PMI
Picard Medical, Inc. is a holding company that owns a 100% interest in SynCardia Systems, LLC (SynCardia). SynCardia is a medical technology company that manufactures and sells the only United States Food and Drug Administration (FDA) and Health Canada-approved implantable total artificial heart (SynCardia TAH). The SynCardia TAH is a biventricular replacement device that consists of the SynCardia TAH implant, an external pneumatic driver that delivers precisely calibrated pulses of air to drive the implant, and drivelines that connect the driver to the implant. The SynCardia TAH implant is a system that consists of two independent artificial ventricles which are powered by an external pneumatic driver. Each artificial ventricle is made of a semi-rigid polyurethane housing and a rigid polyurethane base, with a four-layer flexible polyurethane diaphragm separating the blood chamber from the air chamber.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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