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    HeartSciences Inc.

    Company overview

    Market capitalization
    $21.26M
    Employees
    15
    Latest publication
    2026-09-29
    About HeartSciences Inc.

    HeartSciences Inc., a medical technology company, focuses on applying AI-based technology to an ECG to expand and improve clinical usefulness. It develops artificial intelligence-enhanced electrocardiography (AI-ECG) solutions, an algorithm to detect impaired cardiac relaxation or cardiac dysfunction caused by heart disease and/or age-related cardiac dysfunction; MyoVista wavECG device, a resting 12-lead ECG that provides diagnostic information related to cardiac dysfunction, as well as conventional ECG information in the same test; and MyoVista Insights, a cloud-based platform to host AI-ECG algorithms on an ECG hardware agnostic basis. The company was formerly known as Heart Test Laboratories, Inc. and changed its name to HeartSciences Inc. in October 2024. HeartSciences Inc. was incorporated in 2007 and is headquartered in Southlake, Texas.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20272026-07-31 · USDQ3 20262026-01-31 · USDQ2 20262025-10-31 · USDQ1 20262025-07-31 · USDQ4 20252025-04-30 · USDQ3 20252025-01-31 · USDQ2 20252024-10-31 · USDQ1 20252024-07-31 · USD
    Total Revenue2,100USD0USD2,419USD1,900USD4,350USD0USD0USD0USD
    Cost Of Revenue760USD33,238USD33,443USD760USD33,141USD-67,728USD34,410USD33,318USD
    Gross Profit1,340USD-33,238USD-31,024USD1,140USD-28,791USD67,728USD-34,410USD-33,318USD
    Research Development906,629USD638,575,000USD727,026USD997,206USD929,091USD1,033,118USD1,198,965USD1,224,931USD
    Selling General Administrative2,033,801USD1,290,365USD1,347,788USD878,053USD993,778USD1,338,354USD786,068USD850,736USD
    Total Operating Expenses2,940,430USD1,895,702USD2,042,379USD1,875,259USD1,891,608USD2,371,472USD1,950,623USD2,042,349USD
    Operating Income-2,939,090USD-1,928,940USD-2,073,403USD-1,874,119USD-1,920,399USD-2,371,472USD-1,985,033USD-2,075,667USD
    Total Other Income Expense Net-233,254USD-56,268USD-277,366USD-180,875USD-173,931USD-164,820USD-97,884USD23,978USD
    Interest Expense235,261USD61,509USD279,534USD183,688USD180,852USD179,477USD117,598USD22,526USD
    Net Income-3,172,344USD-1,985,208USD-2,350,769USD-2,054,994USD-2,094,329USD-2,536,292USD-2,082,917USD-2,051,689USD
    Unclassified Operating Expenses—-637,969,663USD——————
    Net Interest Income—-61,509USD-279,534USD-183,688USD-180,852USD-179,477USD-117,598USD-22,526USD
    Income Before Tax—-1,985,208USD-2,350,769USD-2,054,994USD-2,094,330USD-2,536,292USD-2,082,917USD-2,051,689USD
    Net Income From Continuing Ops—-1,985,208USD-2,350,769USD-2,054,994USD-2,094,330USD-2,536,292USD-2,082,918USD-2,051,689USD
    Ebit—-1,923,699USD-2,071,235USD-1,871,306USD-1,913,478USD-2,356,815USD-1,965,320USD-2,029,167USD
    Ebitda—-1,890,461USD-2,038,800USD-1,839,631USD-1,882,217USD-2,327,848USD-1,930,910USD-1,995,849USD
    Depreciation And Amortization—33,238USD32,435USD31,675USD31,261USD28,967USD34,410USD33,318USD
    Reconciled Depreciation—33,238USD32,435USD31,675USD31,261USD28,967USD34,410USD33,318USD
    Income Tax Expense———————69,030USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20262026-04-30 · USDFY 20252025-04-30 · USDFY 20242024-04-30 · USDFY 20222022-04-30 · USDFY 20212021-04-30 · USDFY 20202020-04-30 · USD
    Total Revenue4,319USD4,350USD18,600USD14,373USD25,604USD64,182USD
    Cost Of Revenue1,768USD129,836USD101,214USD34,456USD44,276USD110,287USD
    Gross Profit2,551USD-125,485USD-82,614USD-20,083USD-18,672USD-46,105USD
    Research Development2,839,012USD4,386,105USD2,878,554USD3,001,532USD1,708,447USD2,040,227USD
    Selling General Administrative5,576,406USD3,968,936USD3,439,735USD1,714,350USD874,620USD1,795,679USD
    Total Operating Expenses8,415,418USD8,227,085USD6,223,156USD4,689,316USD2,549,456USD3,772,079USD
    Operating Income-8,412,867USD-8,352,571USD-6,305,770USD-4,709,399USD-2,568,128USD-3,818,184USD
    Total Other Income Expense Net-729,008USD-412,658USD-299,438USD-118,861USD115,958USD7,066USD
    Interest Expense753,041USD500,453USD354,080USD371,619USD132,454USD2,811USD
    Net Income-9,141,875USD-8,765,229USD-6,605,208USD-4,828,260USD-2,452,170USD-3,811,118USD
    Net Interest Income—-500,453USD-354,080USD-371,619USD-132,454USD-2,811USD
    Income Before Tax—-8,765,229USD-6,605,208USD-4,828,260USD-2,452,170USD-3,811,118USD
    Net Income From Continuing Ops—-8,765,229USD-6,605,208USD-4,828,260USD-2,452,170USD-3,811,118USD
    Ebit—-8,264,776USD-6,251,128USD-4,456,639USD-2,319,718USD-3,808,303USD
    Ebitda—-8,136,820USD-6,155,995USD-4,430,073USD-2,286,107USD-3,744,477USD
    Depreciation And Amortization—127,956USD95,133USD26,566USD33,611USD63,826USD
    Reconciled Depreciation—127,956USD95,133USD26,566USD33,611USD63,827USD
    Income Tax Expense——-95,133USD-250,200USD129,003USD22,704USD
    Net Income Applicable To Common Shares———-4,828,260USD-2,452,170USD-3,811,118USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20272026-07-31 · USDQ2 20262025-10-31 · USDQ1 20262025-07-31 · USDQ4 20252025-04-30 · USDQ3 20252025-01-31 · USDQ2 20252024-10-31 · USDQ1 20252024-07-31 · USDQ4 20242024-04-30 · USD
    Total Assets3,737,092USD5,996,117USD6,437,186USD4,222,909USD5,703,855USD7,777,241USD8,191,390USD9,503,113USD
    Cash And Equivalents29,906USD———————
    Total Current Assets811,768USD3,793,488USD4,416,595USD2,171,457USD3,628,954USD5,689,074USD6,074,655USD7,353,893USD
    Other Current Assets40,374USD1,185,100USD974,857USD418,742USD380,285USD984,047USD1,091,838USD917,066USD
    Total Liabilities5,770,237USD———————
    Total Current Liabilities5,632,971USD1,566,384USD3,014,505USD3,703,211USD3,571,322USD3,302,706USD1,351,689USD1,751,767USD
    Other Current Liabilities181,128USD———————
    Total Stockholder Equity-2,033,145USD4,182,470USD3,141,111USD205,171USD1,786,689USD4,016,721USD5,933,958USD7,317,301USD
    Total Equity Including Noncontrolling Interest-2,033,145USD———————
    Inventory402,989USD657,285USD649,507USD650,267USD652,147USD652,907USD643,039USD629,179USD
    Property Plant Equipment Net272,851USD374,619USD403,500USD435,175USD466,436USD495,403USD526,656USD559,974USD
    Accounts Payable1,022,767USD317,390USD283,225USD318,661USD405,076USD276,848USD396,506USD448,183USD
    Short Term Debt144,304USD628,977USD1,665,293USD2,670,688USD2,641,235USD2,477,445USD106,402USD602,293USD
    Common Stock3,904USD3,071USD2,281USD1,119USD1,032USD948USD907USD677USD
    Retained Earnings-88,441,854USD-80,533,398USD-78,182,629USD-76,127,635USD-74,033,305USD-71,497,013USD-69,414,095USD-67,362,406USD
    Intangible Assets—1,828,010USD1,617,091USD1,616,277USD1,608,465USD1,592,764USD1,590,079USD1,589,246USD
    Total Liab—1,813,647USD3,296,075USD4,017,738USD3,917,166USD3,760,520USD2,257,432USD2,185,812USD
    Other Current Liab—620,017USD1,065,987USD713,862USD525,011USD548,413USD848,781USD701,291USD
    Capital Stock—4,031USD3,091USD1,499USD1,412USD1,328USD1,287USD1,057USD
    Cash—1,951,103USD2,792,231USD1,098,098USD2,596,522USD4,052,120USD4,339,778USD5,807,648USD
    Cash And Short Term Investments—1,951,103USD2,792,231USD1,098,098USD2,596,522USD4,052,120USD4,339,778USD5,807,648USD
    Net Debt—-1,074,863USD-845,368USD1,887,117USD390,557USD-1,148,964USD-3,327,633USD-4,771,310USD
    Short Long Term Debt—500,000USD1,541,120USD2,551,170USD2,526,220USD2,366,800USD—500,000USD
    Short Long Term Debt Total—876,240USD1,946,863USD2,985,215USD2,987,079USD2,903,156USD1,012,145USD1,036,338USD
    Net Receivables—0USD0USD4,350USD——1,051,464USD876,692USD
    Property Plant Equipment Gross—926,094USD947,969USD972,533USD996,281USD1,019,241USD1,038,279USD1,059,733USD
    Common Stock Shares Outstanding—2,780,496shares1,303,532shares1,113,672shares986,057shares917,445shares777,746shares676,598shares
    Non Current Assets Total—2,202,629USD2,020,591USD2,051,452USD2,074,901USD2,088,167USD2,116,735USD2,149,220USD
    Non Current Liabilities Total—247,263USD281,570USD314,527USD345,844USD457,814USD905,743USD434,045USD
    Non Currrent Assets Other—198,703,000USD——135,274USD1,591,171,236USD663,490USD—
    Net Working Capital—2,227,104USD1,402,090USD-1,531,754USD57,632USD2,386,368USD4,722,966USD5,602,126USD
    Unclassified Non Current Assets—-198,703,000USD———-1,591,171,236USD-1,326,980USD—
    Unclassified Equity—84,708,766USD81,318,368USD76,330,188USD75,817,550USD75,511,458USD75,725,859USD74,677,973USD
    Unclassified Current Liabilities——-1,541,120USD-2,551,170USD-2,526,220USD-2,366,800USD—-1,167,144USD
    Other Assets————1USD-7,769,463,759USD663,490USD—
    Long Term Debt—————49,470USD500,000USD—
    Good Will——————-1,588,488,921USD—
    Current Deferred Revenue——————622,438USD667,144USD
    Accumulated Other Comprehensive Income——————-380,000USD0USD
    Unclassified Current Assets——————-1,051,464USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-04-30 · USDFY 20242024-04-30 · USDFY 20232023-04-30 · USDFY 20222022-04-30 · USDFY 20212021-04-30 · USDFY 20202020-04-30 · USD
    Total Assets4,222,909USD9,503,113USD3,287,233USD2,089,447USD1,927,371USD1,955,856USD
    Intangible Assets1,616,277USD1,589,246USD————
    Other Current Assets418,742USD917,066USD359,755USD336,158USD163,787USD183,948USD
    Total Liab4,017,738USD2,185,812USD3,056,676USD8,145,244USD3,836,961USD1,640,305USD
    Total Stockholder Equity205,171USD7,317,301USD230,557USD-6,055,797USD-1,909,590USD315,551USD
    Other Current Liab713,862USD701,291USD671,987USD1,054,856USD290,147USD338,809USD
    Common Stock1,119USD677USD101USD3,323USD3,313USD3,313USD
    Capital Stock1,499USD1,057USD10,499USD3,806USD3,796USD3,788USD
    Retained Earnings-76,127,635USD-67,362,406USD-60,757,198USD-54,402,908USD-49,574,648USD-47,122,478USD
    Cash1,098,098USD5,807,648USD1,660,467USD918,260USD723,481USD496,853USD
    Cash And Short Term Investments1,098,098USD5,807,648USD1,660,467USD918,260USD723,481USD496,853USD
    Total Current Assets2,171,457USD7,353,893USD2,696,581USD1,930,878USD1,638,042USD1,537,809USD
    Total Current Liabilities3,703,211USD1,751,767USD1,832,891USD3,470,569USD1,113,760USD1,141,706USD
    Net Debt1,887,117USD-4,771,310USD-94,597USD5,244,515USD2,355,318USD445,857USD
    Short Term Debt2,670,688USD602,293USD529,535USD1,720,968USD487,832USD444,111USD
    Short Long Term Debt2,551,170USD500,000USD500,000USD1,630,000USD380,200USD350,766USD
    Short Long Term Debt Total2,985,215USD1,036,338USD1,565,870USD6,162,775USD3,078,799USD942,710USD
    Net Receivables4,350USD876,692USD319,381USD2,321USD94,750USD131,174USD
    Inventory650,267USD629,179USD676,359USD674,139USD750,774USD857,008USD
    Accounts Payable318,661USD448,183USD631,369USD694,745USD335,781USD358,786USD
    Property Plant Equipment Net435,175USD559,974USD590,652USD158,570USD289,329USD418,047USD
    Property Plant Equipment Gross972,533USD1,059,733USD1,062,519USD603,522USD707,715USD804,620USD
    Common Stock Shares Outstanding938,257shares352,520shares79,505shares33,189shares33,138shares33,138shares
    Non Current Assets Total2,051,452USD2,149,220USD590,652USD158,570USD289,329USD418,047USD
    Non Current Liabilities Total314,527USD434,045USD1,223,785USD4,674,675USD2,723,201USD498,599USD
    Net Working Capital-1,531,754USD5,602,126USD863,690USD-1,539,692USD392,048USD396,103USD
    Unclassified Current Liabilities-2,551,170USD-1,167,144USD-1,123,391USD-1,630,000USD——
    Unclassified Equity76,330,188USD75,057,973USD61,358,155USD48,339,982USD47,657,949USD47,430,928USD
    Good Will—-1,587,656,754USD————
    Current Deferred Revenue—667,144USD623,391USD—421,161USD337,589USD
    Accumulated Other Comprehensive Income—-380,000USD-381,000USD0USD——
    Other Liab——187,450USD232,868USD132,234USD—
    Long Term Debt——500,000USD4,441,807USD2,500,000USD300,000USD
    Net Tangible Assets——230,176USD-6,056,280USD-1,910,073USD315,076USD
    Non Currrent Assets Other————-289,329USD-418,047USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20272026-07-31 · USDQ4 20262026-04-30 · USDQ2 20262025-10-31 · USDQ1 20262025-07-31 · USDQ4 20252025-04-30 · USDQ3 20252025-01-31 · USDQ1 20252024-07-31 · USDQ4 20242024-04-30 · USD
    Depreciation6,332USD-32,375,435USD32,435USD31,675USD31,261USD28,967USD33,318USD76,442USD
    Stock Based Compensation738,889USD-550,999,884USD436,884USD174,558USD95,945USD54,824USD54,554USD78,447USD
    Change To Account Receivables0USD-4,350,000USD0USD4,350USD-4,350USD0USD0USD14,700USD
    Change To Inventory760USD7,018,000USD-7,778USD760USD1,880USD760USD-13,860USD41,099USD
    Change To Liabilities669,862USD———————
    Change In Working Capital772,990USD947,530USD-746,270USD-214,556USD105,943USD722,467USD-64,949USD54,899USD
    Operating Cash Flow-1,318,859USD———————
    Investing Cash Flow-280,107USD———————
    Financing Cash Flow-27,942USD———————
    Change In Cash-1,626,908USD6,597,965USD-841,128USD1,694,133USD-1,498,424USD-1,455,598USD-1,467,870USD-1,268,849USD
    End Cash Flow29,906USD———————
    Net Income—4,029,876,769USD-2,350,769USD-2,054,994USD-2,094,330USD-2,536,292USD-2,051,689USD-1,846,164USD
    Other Non Cash Items—-3,419,842,821USD293,454USD109,950USD270,541USD109,950USD10,046USD100,000USD
    Total Cash From Operating Activities—24,541,159USD-2,334,266USD-1,953,367USD-1,590,640USD-1,620,084USD-2,018,720USD-1,536,376USD
    Capital Expenditures—-19,032,970USD-13,030USD-814USD-7,812USD-15,701USD-833USD-109,615USD
    Free Cash Flow—3,417,985,296USD-2,347,296USD-1,954,181USD-1,598,452USD-1,635,785USD-2,019,553USD-1,645,991USD
    Total Cashflows From Investing Activities—-22,604,548USD-15,770USD-814USD-7,812USD-15,701USD-833USD-109,615USD
    Total Cash From Financing Activities—1,263,452USD1,508,908USD3,648,314USD100,028USD180,187USD551,683USD377,142USD
    Begin Period Cash Flow—3,397,035USD2,792,231USD1,098,098USD2,596,522USD4,052,120USD5,807,648USD7,076,497USD
    End Period Cash Flow—9,995,000USD1,951,103USD2,792,231USD1,098,098USD2,596,522USD4,339,778USD5,807,648USD
    Other Cashflows From Investing Activities—-3,574,318USD-2,740,000USD-813,186USD—-15,701USD-833USD-60,816USD
    Other Cashflows From Financing Activities—9,357,000USD1,507,399,092USD3,748,314USD—-192,998USD-833USD-109,615USD
    Unclassified Operating Cash Flow—-3,065,000USD——————
    Unclassified Financing Cash Flow—-8,093,548USD-1,507,351,030USD-3,796,376USD————
    Net Borrowings——-464,824USD-100,000USD-71,248USD-71,249USD0USD—
    Issuance Of Capital Stock——1,925,670USD3,796,376USD171,276USD251,436USD603,746USD451,182USD
    Unclassified Investing Cash Flow——2,737,260USD—————
    Investments———-814USD-7,812USD-15,701USD-833USD-109,615USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20262026-04-30 · USDFY 20252025-04-30 · USDFY 20242024-04-30 · USDFY 20232023-04-30 · USDFY 20222022-04-30 · USDFY 20212021-04-30 · USDFY 20202020-04-30 · USD
    Net Income-9,141,875USD-8,765,229USD-6,605,208USD-6,354,290USD-4,828,260USD-2,452,170USD-3,811,118USD
    Depreciation27,791USD127,956USD95,133USD26,915USD26,566USD33,611USD63,827USD
    Stock Based Compensation1,312,383USD249,884USD405,025USD248,308USD68,396USD24,675USD135,067USD
    Unclassified Operating Cash Flow138,477USD——101,099,000USD———
    Change To Account Receivables4,350USD-4,350USD0USD2,321USD-2,321USD-2,321USD-7,000USD
    Change To Inventory-5,362USD-21,088USD47,180USD-2,220USD76,635USD106,234USD147,311USD
    Change To Liabilities121,145USD——37,824USD358,964USD-20,651USD-305,936USD
    Change In Working Capital236,517USD517,888USD-504,363USD173,983USD1,124,745USD190,127USD-195,965USD
    Operating Cash Flow-7,426,707USD——————
    Capital Expenditures-3,554USD-30,188USD-125,271USD-18,308USD-1,932USD-712USD-11,424USD
    Unclassified Investing Cash Flow-40,898USD——————
    Investing Cash Flow-44,452USD——————
    Financing Cash Flow8,029,875USD——————
    Change In Cash558,716USD-4,709,550USD4,147,181USD742,207USD194,779USD226,628USD-2,021,639USD
    End Cash Flow1,656,814USD——————
    Other Non Cash Items—456,507USD539,228USD-100,967,493USD-35,591USD-248,537USD-21,790USD
    Total Cash From Operating Activities—-7,412,994USD-6,070,185USD-5,773,577USD-3,644,144USD-2,452,294USD-3,839,995USD
    Free Cash Flow—-7,443,182USD-6,195,456USD-5,791,885USD-3,646,076USD-2,453,006USD-3,851,419USD
    Investments—-30,188USD-125,271USD-18,308USD-1,932USD-712USD8,167USD
    Total Cashflows From Investing Activities—-30,188USD-125,271USD-18,308USD-1,932USD-712USD8,167USD
    Net Borrowings—1,586,054USD42,624USD-398,260USD4,226,000USD2,479,634USD633,791USD
    Total Cash From Financing Activities—2,733,632USD10,342,637USD6,534,092USD3,840,855USD2,679,634USD1,810,189USD
    Issuance Of Capital Stock—1,147,578USD10,300,013USD5,624,065USD5,194,740USD200,000USD1,176,398USD
    Begin Period Cash Flow—5,807,648USD1,660,467USD918,260USD723,481USD496,853USD2,518,492USD
    End Period Cash Flow—1,098,098USD5,807,648USD1,660,467USD918,260USD723,481USD496,853USD
    Other Cashflows From Investing Activities—-27,031USD-60,816USD———19,591USD
    Other Cashflows From Financing Activities——-125,271USD1,308,287USD-385,145USD200,000USD1,175,813USD
    Unclassified Financing Cash Flow————-5,194,740USD—-1,175,813USD
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    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.