Firefly Neuroscience Acquires Evoke Neuroscience for $6 Million

The latest announcement is out from Firefly Neuroscience ( (AIFF) ).

On April 30, 2025, Firefly Neurosciences Inc. acquired Evoke Neuroscience, Inc., a medical device company, for $6 million in a deal consisting of cash and stock. This acquisition significantly expands Firefly’s database, intellectual property, and commercial footprint, marking a major step toward building a proprietary foundation model of the human brain. The transaction closed on May 1, 2025, and is expected to enhance Firefly’s industry positioning by leveraging Evoke’s technology and resources, including a large proprietary database and numerous patents. This strategic move aligns with Firefly’s goal of rapid growth and innovation in brain health solutions.

Spark’s Take on AIFF Stock

According to Spark, TipRanks’ AI Analyst, AIFF is a Underperform.

Firefly Neuroscience faces significant financial hurdles, including widening losses and negative equity, which are the most critical factors impacting its stock score. The technical analysis further highlights bearish trends, with the stock trading below key moving averages. The negative P/E ratio and absence of dividends further reflect valuation concerns. Overall, the financial instability and bearish technical indicators result in a low stock score.

To see Spark’s full report on AIFF stock, click here.

More about Firefly Neuroscience

Firefly Neuroscience, Inc. is an AI company focused on developing innovative solutions to improve brain health outcomes for patients with neurological and mental disorders. The company has developed Brain Network Analytics (BNA™) technology, which is FDA-cleared and aims to revolutionize diagnostic and treatment monitoring methods for conditions such as depression, dementia, anxiety disorders, concussions, and ADHD. Firefly targets pharmaceutical companies and medical practitioners for clinical use.

YTD Price Performance: 27.73%

Average Trading Volume: 6,619,807

Technical Sentiment Signal: Strong Buy

Current Market Cap: $38.01M

See more insights into AIFF stock on TipRanks’ Stock Analysis page.