Heartbeam, Inc. ( (BEAT) ) has released its Q2 earnings. Here is a breakdown of the information Heartbeam, Inc. presented to its investors.
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HeartBeam, Inc. is a medical technology company specializing in innovative cardiac care solutions, notably through its cable-free 3D ECG technology designed for portable use, aiming to transform cardiac health management outside of traditional medical settings.
In its second quarter of 2025, HeartBeam reported significant strides in its commercial readiness and regulatory progress, particularly with its 12-lead ECG synthesis software, which is under review by the FDA. The company is actively preparing for commercialization, anticipating FDA clearance by the end of the year.
Key highlights from the quarter include ongoing productive discussions with the FDA, successful clinical trial results, and increased business development efforts. The company presented pivotal study results showing a 93.4% diagnostic agreement with standard ECGs, expanded its business development team, and received multiple industry recognitions, including an Innovation Award in Remote Cardiac Diagnostics.
Financially, HeartBeam reported a net loss of $5.0 million for the quarter, consistent with the previous year, while research and development expenses increased to $3.3 million. The company ended the quarter with $5.1 million in cash and short-term investments, supported by recent equity financing activities.
Looking ahead, HeartBeam is poised for a successful commercial launch of its 12-lead ECG synthesis software pending FDA clearance, with plans to expand its transformative technology into patient hands outside of healthcare settings, addressing the critical need for timely cardiac event diagnosis.