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ENDRA Life Sciences Inc (NDRA)
NASDAQ:NDRA
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ENDRA Life Sciences
(NASDAQ:NDRA)
34Underperform
Positive Factors
Financial Stability
The company has $5 million in cash and no debt, believed to be enough cash into mid-2025.
Leadership
ENDRA appointed Alexander Tokman as acting CEO, a growth-driven executive with 24+ years of experience in the development and commercialization of new technology products and services.
Market Potential
Maintaining a BUY rating, with a significant upside potential suggested by a 12-month price target of $75, balancing high risks with high growth prospects and large upside opportunities.
Negative Factors
Product Commercialization
In March 2020, ENDRA received CE Mark approval, and is now starting initial commercialization activity in Europe.
Revenue Generation
ENDRA is a late stage medical device development/early stage commercialization company so it generates no revenues.
ENDRA Life Sciences (NDRA) vs. S&P 500 (SPY)
Market Cap
$1.99M
Dividend YieldN/A
Average Volume (3M)8.34K
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue GrowthN/A
EPS Growth71.89%
CountryUS
Employees21
SectorHealthcare
Sector Strength77
IndustryMedical - Diagnostics & Research
Share Statistics
EPS (TTM)-934.10
Shares Outstanding562,213
10 Day Avg. Volume5,412
30 Day Avg. Volume8,340
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-0.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$75.00Price Target Upside2018.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
ENDRA Life Sciences Business Overview & Revenue Model
Company DescriptionENDRA Life Sciences Inc. develops technology for improving the capabilities of clinical diagnostic ultrasound. The company develops thermo-acoustic enhanced ultrasound technology that transmits sound waves, which bounce off tissues, organs, and blood in the body for use in the treatment of nonalcoholic fatty liver disease, as well as in temperature monitoring of thermoablative surgery, vascular imaging, and tissue perfusion. It also offers diagnostic imaging technologies, such as computed tomography, magnetic resonance imaging, and ultrasound that allow physicians to look inside a person's body to guide treatment or gather information about medical conditions, such as broken bones, cancers, signs of heart disease, or internal bleeding. The company has a collaborative research agreement with General Electric Company. ENDRA Life Sciences Inc. was incorporated in 2007 and is based in Ann Arbor, Michigan.
How the Company Makes MoneyENDRA Life Sciences generates revenue primarily through the sale and licensing of its TAEUS system. As the company targets healthcare providers, hospitals, and clinics, its revenue model relies on the adoption of its technology within the medical community. ENDRA may also engage in strategic partnerships or collaborations with other medical technology companies or research institutions to expand the application and reach of its technology. Additionally, the company might explore opportunities to generate revenue through service agreements or support contracts related to its TAEUS system. However, detailed financial data or specific partnership information is not available.
ENDRA Life Sciences Financial Statement Overview
Summary
ENDRA Life Sciences is in an early revenue generation phase with significant profitability and cash flow challenges. Despite a positive gross profit margin in the TTM, the company operates with extensive net losses and negative cash flows. The balance sheet shows a low leverage risk, but continued dependence on external financing raises concerns about long-term financial stability. The company must focus on improving profitability and cash flow efficiency to enhance its financial standing.Income Statement
ENDRA Life Sciences has shown some positive development with revenue growth; however, the overall profitability remains a concern. The TTM (Trailing-Twelve-Months) gross profit margin is positive at approximately 61%, but the company continues to operate at a net loss, with a net profit margin of -2058%. The EBIT and EBITDA margins are also negative, indicating ongoing operational challenges. While there is some revenue in the latest period, historical data shows no revenue, highlighting a nascent revenue generation phase.20
Very Negative
Balance Sheet
The balance sheet presents a moderate picture of financial health. The company has a low debt-to-equity ratio of 0.03, which suggests limited leverage risk. The return on equity remains negative due to continued net losses. The equity ratio stands at 78.8%, indicating a strong equity position relative to total assets. These factors suggest potential for stability, but profitability remains a significant challenge.35
Negative
Cash Flow
ENDRA Life Sciences faces substantial cash flow challenges. The operating cash flow to net income ratio is slightly below 1, reflecting inefficient cash flow generation relative to net losses. The free cash flow remains negative, with no clear improvement trajectory, as evidenced by the minimal change in free cash flow growth. The company's reliance on financing activities for cash inflow is evident, posing sustainability concerns.15
Very Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 428.41K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 261.36K | -275.45K | -234.26K | -224.41K | -165.25K | -115.01K | EBIT |
| -7.98M | -10.52M | -13.16M | -11.50M | -11.50M | -10.84M | EBITDA |
| -7.79M | -9.78M | -12.94M | -11.01M | -11.33M | -10.84M | Net Income Common Stockholders |
| -8.82M | -10.06M | -13.20M | -11.19M | -11.97M | -15.55M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 156.44K | 2.83M | 4.89M | 9.46M | 7.23M | 6.17M | Total Assets |
| 0.00 | 6.75M | 9.27M | 12.87M | 8.76M | 7.18M | Total Debt |
| 0.00 | 394.40K | 546.63K | 678.96K | 685.47K | 707.07K | Net Debt |
| 156.44K | -2.44M | -4.34M | -8.78M | -6.54M | -5.47M | Total Liabilities |
| 0.00 | 1.10M | 2.07M | 2.09M | 1.60M | 2.42M | Stockholders Equity |
| 361.65K | 5.66M | 7.20M | 10.78M | 7.17M | 4.76M |
| Cash Flow | Free Cash Flow | ||||
| -8.08M | -9.58M | -12.97M | -11.17M | -10.82M | -8.63M | Operating Cash Flow |
| -8.06M | -9.55M | -12.77M | -11.12M | -10.77M | -8.59M | Investing Cash Flow |
| -10.52K | -24.72K | -202.58K | -45.00K | -51.33K | -43.59K | Financing Cash Flow |
| 9.48M | 7.52M | 8.40M | 13.40M | 11.88M | 8.34M |
ENDRA Life Sciences Technical Analysis
Negative
3.54
Price Trends
4.42
Negative
4.96
Negative
36.19
Negative
Market Momentum
-0.10
Negative
42.79
Neutral
18.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NDRA, the sentiment is Negative. The current price of 3.54 is below the 20-day moving average (MA) of 3.98, below the 50-day MA of 4.42, and below the 200-day MA of 36.19, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 42.79 is Neutral, neither overbought nor oversold. The STOCH value of 18.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NDRA.
ENDRA Life Sciences Risk Analysis
ENDRA Life Sciences disclosed 46 risk factors in its most recent earnings report. ENDRA Life Sciences reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ENDRA Life Sciences Peers Comparison
Overall Rating
UnderperformOutperform
Sector (48)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $67.76M | ― | -63.82% | ― | -9.49% | 39.20% | |
52 Neutral | $83.41M | ― | -80.11% | ― | -7.43% | 69.03% | |
48 Neutral | $6.36B | 1.14 | -49.00% | 2.63% | 17.14% | 1.39% | |
47 Neutral | $51.84M | ― | -21.57% | ― | 11.33% | -317.76% | |
41 Neutral | $32.38M | ― | -301.80% | ― | -13.78% | -34.45% | |
34 Underperform | $1.99M | ― | -280.02% | ― | ― | 71.89% |
* Healthcare Sector Average
Performance Comparison
NDRA
ENDRA Life Sciences
3.54
-615.96
-99.43%
CASI
CASI Pharmaceuticals
2.09
-1.02
-32.80%
VERU
Veru
0.57
-0.46
-44.66%
MLSS
Milestone Scientific
0.87
0.24
38.10%
VIVE
Viveve Medical
―
―
―
ZOMDF
Zomedica
0.05
-0.09
-64.29%
ENDRA Life Sciences Earnings Call Summary
Earnings Call Date: Mar 31, 2025 | % Change Since: -12.59% | Next Earnings Date: May 19, 2025
Earnings Call Sentiment Neutral
The earnings call presented several strategic initiatives aimed at improving ENDRA's focus and operational efficiency, alongside positive developments in management, regulatory strategy, and intellectual property. However, financial challenges and stock performance issues remain concerns.Highlights
Enhanced Management Team
ENDRA has strengthened its management team by adding two experienced operators: Richard Jacroux as CFO and Ziad Rouag as Head of Clinical and Regulatory Affairs, both bringing significant expertise in transforming technology companies and navigating regulatory processes.
Strategic Regulatory Changes
The company is implementing a new FDA regulatory strategy, transitioning from retrospective data to a hypothesis-driven, statistically-powered prospective clinical trial, increasing the number of subjects from 20 to about 250 to achieve statistical power.
Significant Reduction in Operating Expenses
ENDRA reduced operating expenses by over $3 million, approximately a 26% reduction on an annualized basis, without impacting key deliverables, such as clinical data collection for FDA submission.
Strong Intellectual Property Portfolio
The patent portfolio now includes 81 issued patents globally, with 5 additional patents issued in Q2 2024, covering thermoacoustic technology and other applications.
Positive FDA Alignment
Positive feedback from an FDA meeting confirmed alignment on product configuration, clinical study design, and regulatory pathway, setting a clear path for the TAEUS liver device.
Lowlights
Reverse Stock Split Challenges
The reverse stock split intended to maintain NASDAQ listing was derailed by high volume of exercised warrants, resulting in trading below $1, creating uncertainty for the company's stock performance.
Limited Cash Runway
As of June 30, 2024, ENDRA had cash and cash equivalents of $6.4 million, projected to fund operations only into the first half of 2025, highlighting potential future financial constraints.
Company Guidance
During the ENDRA Life Sciences Q2 2024 earnings call, significant guidance was provided by the management team, outlining various strategic initiatives. Notably, the company has completed a 1-for-50 reverse stock split aimed at maintaining its NASDAQ listing, though recent high warrant exercise volumes have impacted their stock price adversely. Six key operational changes were introduced, including the enhancement of the management team with the addition of a seasoned CFO and a new Head of Clinical and Regulatory Affairs. The company plans to conduct a statistically-powered multicenter prospective clinical trial, expanding the number of subjects from 20 to 250. The financial update revealed a $7.3 million net raise from a public offering, with operating expenses reduced by 26% on an annual basis. ENDRA's goal is to complete clinical work and submit a de novo application to the FDA by mid-2025, with the current cash runway projected to fund the company into the first half of 2025. The management reiterated their confidence in ENDRA's technology and market potential, highlighting ongoing efforts to formalize a long-term business strategy and improve financial execution.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.