Company Analysis

HeartSciences Inc. (HSCS)

Nasdaq: HSCS · Orthopedic, Prosthetic & Surgical Appliances & Supplies · Southlake, TX · filing with the SEC since 2009
Grade3.4
◀ Past 2.6● Present 2.5▶ Future 5.3
4 est.

The grade of HeartSciences Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.4/10
◀ Past2.630% of the headline
● Present2.540% of the headline
▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 5 read as filed from the record and 4 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.6/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.4/10

Has it survived what it has been through?

12 warning events since 2017; the latest 2026-08-07.

weight 33% of this tense · 24th percentile among 29 sector filers · read for itself

From the record

HeartSciences Inc.'s filings since 2017 show 12 warning events: a notice about its exchange listing (8-K item 3.01, 12 times, the latest 2026-08-07) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
0.9/10

What has it actually done, year after year?

-26% a year over 5 filed years; profitable in 0 of 5.

weight 45% of this tense · 9th percentile among 25 sector filers · read for its customers

From the record

HeartSciences Inc.'s 5 filed years say what it did: revenue went from $14 thousand in fiscal 2022 to $4 thousand in fiscal 2026, down 26% a year; it rose in 1 of 4 years; the deepest fall was 77% from fiscal 2024 to fiscal 2026; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-26.0%bottom 2% of its family
  • the share of years revenue rosebottom 2% of its family
  • the share of filed years with a profitbottom 22% of its family
  • the deepest fall from a revenue peak76.8%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.5/10

How has it treated the people who own it?

SI estimate 6.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 18 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 18 members with one.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
family median, 18 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: HeartSciences Inc.'s shareholder treatment is put at 6.5 of 10 with a confidence of 20 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 18 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.5/1040% of the headline grade · 1 of 3 filed, 2 estimated

Financial health

SI estimate
4.7/10

Is it financially healthy right now?

SI estimate 4.7/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 28 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the four checks can be read, so the desk assumes the typical reading of its industry family, the median of 28 members with one.
What the record cannot read
Fewer than two of the four checks can be read.
How it was reasoned
family median, 28 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: HeartSciences Inc.'s financial health is put at 4.7 of 10 with a confidence of 20 of 100, because fewer than two of the four checks can be read, so the desk assumes the typical reading of its industry family, the median of 28 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
0.4/10

How strong is its position in its industry?

bottom 4% of 26 in its family; net margin -211666.5%.

weight 33% of this tense · 4th percentile among 26 sector filers · read for its customers

From the record

HeartSciences Inc.'s standing among 26 graded names in its industry family: revenue of $4 thousand in fiscal 2026 ranks in the bottom 2% by size; a net margin of -211666.5% ranks in the bottom 2%; revenue growth of -5.7% a year over the last 3 filed years ranks in the bottom 9% (its annual reports).

What it rests on

  • revenue against the family$4319.00bottom 2% of its family
  • net margin-211666.5%bottom 2% of its family
  • three-year revenue growth-5.7%bottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
1.1/10

What are the people in charge doing?

SI estimate 1.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 11th percentile among 23 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 11% of 23 in its family; the record of its people begins on 2022-07-06 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.4 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2022-07-06 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.4 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 23 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: HeartSciences Inc.'s leadership is put at 1.1 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 11% of 23 in its family; the record of its people begins on 2022-07-06 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.4 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
6.8/10

How much room does it have to grow?

SI estimate 6.8/10, confidence 35 of 100 (one part).

weight 45% of this tense · 69th percentile among 27 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the top 31% of 27 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 27 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: HeartSciences Inc.'s room to expand is put at 6.8 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the top 31% of 27 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
4.4/10

What could actually drive growth from here?

bottom 44% of 25 in its family for growth drivers.

weight 33% of this tense · 44th percentile among 25 sector filers · read for its customers

From the record

HeartSciences Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew -5.7% a year over the last three filed years against -26% over all 5, speeding up (top 10% of its family); the newest year grew -0.7% (bottom 18%); research spending grew 4.9% a year (top 44%); capital spending grew -42.1% a year (bottom 10%) (its annual reports). HeartSciences Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+20.3 points a yeartop 10% of its family
  • the newest year's revenue growth-0.7%bottom 18% of its family
  • three-year growth of research spending4.9%top 44% of its family
  • three-year growth of capital spending-42.1%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.7/10

Did its newest year beat what its own record pointed to?

bottom 37% of 23 in its family for expectations against reality.

weight 22% of this tense · 37th percentile among 23 sector filers · read for its shareholders

From the record

HeartSciences Inc.'s newest year against its own record: revenue of $4 thousand in fiscal 2026 came in 8% above the $4 thousand its prior three years' pace pointed to (top 23% of its family); net income of $9 million against a prior three-year average of $7 million (bottom 33%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 2%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace8.0%top 23% of its family
  • net income against the prior three years' average-26%bottom 33% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton HSCS · research, not advice