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OF BUSINESS General Picard Medical, Inc. ("PMI") was incorporated in the state of Delaware on April 8, 2021. Unless the context requires otherwise, in this Annual Report, the terms "we," "us," "our," the "Company," "Picard," the "Registrant," and similar references refer to the combined operations of PMI and its consolidated subsidiaries and affiliates, including SynCardia Systems, LLC ("SynCar…
The business is unprofitable at the operating level (-268.36% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 12.5% YoY with margins expanding 43.9pp.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$5M
▲ +12.5% YoY
Net Income (TTM)
-$29M
▼ -28.2% YoY
Op. Margin
-265.48%
▲ +43.9pp YoY
ROIC
-161.03%
▲ +741.4pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$17M
▼ -32.0% YoY
Net Debt
$296K
Cash & Equiv.
$121K
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