AIFF · NASDAQ · Software - Application

Firefly Neuroscience (AIFF)

FDA-cleared EEG assessment systems and brain-function reports for clinicians and drug developers.

$1.16
vs last close−0.04 (−3.33%)
Loading prices…

Firefly Neuroscience, Inc.AIFF
Information Technology

Provides FDA-cleared EEG and event-related-potential assessment systems that turn standardized recordings into clinician-facing brain-function reports, while serving pharmaceutical research partners. Revenue comes from equipment-linked subscriptions, assessments, sales, rentals, services, and projects through a single core platform concentrated primarily in North America.

Combines the FDA-cleared Evoke System and Brain Network Analytics platform to capture EEG and event-related-potential data, compare it with standardized reference data, and produce structured reports that complement clinical evaluation, treatment planning, and longitudinal management. Sales reach healthcare professionals in neurology, psychiatry, transcranial magnetic stimulation, and cognitive care, alongside pharmaceutical collaborators supporting neuroscience drug development.

Generates revenue through equipment-linked subscriptions, per-assessment fees, equipment sales and rentals, projects or clinical studies, and related services. The Firefly Products segment uses one core software platform and derives revenue primarily in North America. Commercialization depends on use within FDA-cleared claims, health-data and privacy compliance, database quality, cloud availability, and continued clinical-site and pharmaceutical-project activity.

Company facts

CEOGreg Lipschitz
ListedAug 13, 2024
ExchangeNASDAQ
HeadquartersKenmore, NY
CountryCanada
Employees17
CIK0000803578
ISINUS3179701012

Market cap$17.8M
EPS (ttm)−$0.6264
P/E (ttm)−1.92
ROE-90.2%
P/B1.21
P/S9.87
Dividend yieldDiv yield
Beta1.48vs XLK −0.01

No analyst consensus on record.

EPSReportedEstimate

Nov '24Apr '25May '25Aug '25Nov '25May '26Jun '26Aug '26
Reported−$0.61−$0.45−$1.30−$0.14−$0.20−$0.13−$0.13−$0.10
Estimate
Surprise

RevenueReportedEstimate

Nov '24Apr '25May '25Aug '25Nov '25May '26Jun '26Aug '26
Reported$33.0K$53.0K$43.0K$299.0K$388.0K$412.0K$485.0K$514.0K
Estimate
Surprise
Estimate
Reported−$0.10
Estimate
Reported$514.0K
View details

Debt to equity0.00%
Current ratio487.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$33.0K$53.0K$43.0K$299.0K$388.0K$412.0K$485.0K$514.0K
Net income−$4.3M−$3.8M−$12.9M−$1.8M−$2.6M−$2.5M−$2.0M−$2.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$4.3M−$3.4M−$2.1M−$1.6M−$2.7M−$2.3M−$2.0M−$2.0M
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $9.2M · Total debt $0 · Total assets $16.8M · Shareholders' equity $14.7M

Revenue
$514.0K
Operating income
−$2.0M
Net income
−$2.0M
View details

No dividends on record.

Institutions10.93%1.62M shares
22 holders · as of Jun 30, 2026
Insiders11.51%1.70M shares
5 holders · as of Mar 13, 2026
Strategic holders8.36%1.24M shares
1 holder · as of Oct 22, 2025
Other69.20%10.24M shares
remainder

14.79M company shares as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Windsor Private Capital LPStrategic10 percent owner
8.36%1.24Mfiled Oct 22, 2025
Gregory LipschitzInsiderdirector, officer: Interim CEO
6.31%933,891filed Mar 13, 2026
Murchinson Ltd.Institution
4.39%650,000as of Jun 30, 2026
David Ian JohnsonInsiderdirector, officer: Executive Chairman
3.77%557,885filed Oct 24, 2024
BlackRock, Inc.Institution
1.27%187,168as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Oct 22, 2025Windsor Private Capital LP10 percent owner−78,031$2.07
Oct 21, 2025Windsor Private Capital LP10 percent owner−19,222$2.40
Oct 20, 2025Windsor Private Capital LP10 percent owner−33,500$2.46
Oct 17, 2025Windsor Private Capital LP10 percent owner−45,036$2.55
Oct 16, 2025Windsor Private Capital LP10 percent owner−40,139$2.65
View details

  • Compass Minerals

    Broad clinical and research EEG-system overlap.

  • Ceribell

    Rapid EEG and AI interpretation overlap in acute care.

Compare

CompanyPriceChange
Firefly Neuroscience$1.16−3.33%$17.8M9.9+71.9%
Compass Minerals$23.37−1.83%$998.6M55.319.00.8+0.3%
Ceribell$24.15−0.41%$920.1M9.0+32.5%
Median55.319.04.9+16.4%