NASDAQ · Financial Statements

Firefly Neuroscience, Inc. (AIFF) Financial Statements

$0.92 NASDAQ: AIFF Market Cap $14.43M

Firefly Neuroscience, Inc. most recently reported annual revenue of $1.0M, a net loss of $20.0M. Revenue declined at an average annual rate of 41.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Firefly Neuroscience, Inc.: Revenue fell from $14.0M in 2020 to $1.0M in 2025, a change of -92.9% over 5 years; net profit was positive in 0 of 6 reported years; operating margin moved from 3.0% to -753.5%, a shift of -756.5 percentage points; the most recent year shows a net loss of $20.0M.

Income Statement — 6 Years (USD millions)

Metric202020212022202320242025
Revenue$14.0M$0$0$0$0$1.0M
Operating Expenses$13.0M$5.0M$3.0M$4.0M$9.0M$10.0M
Operating Profit$0$-5.0M$-3.0M$-3.0M$-9.0M$-9.0M
Operating Margin3.0%-14543.8%0.0%-618.1%-8500.0%-753.5%
Other Income$0$0$0$0$-1.0M$-11.0M
Interest$0$0$1.0M$0$0$0
Depreciation$0$0$0$0$0$0
Profit Before Tax$0$-4.0M$-4.0M$-3.0M$-10.0M$-20.0M
Tax$0$0$0$-40,000$-20,000$-30,000
Net Profit$0$-4.0M$-4.0M$-3.0M$-10.0M$-20.0M
EPS$0.05$-0.56$-0.48$-0.33$-1.60$-1.82
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

1 duplicate period label in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$0$0$0$2.0M$0$0$0$0$0$0$0$1.0M
Operating Expenses$1.0M$2.0M$1.0M$2.0M$4.0M$3.0M$2.0M$2.0M$3.0M$3.0M$2.0M$2.0M
Operating Profit$-1.0M$-2.0M$-1.0M$0$-4.0M$-3.0M$-2.0M$-2.0M$-3.0M$-2.0M$-2.0M$-2.0M
Operating Margin-2813.0%-8247.4%-9091.7%-20.1%-12933.3%-6483.0%-4802.3%-546.5%-684.5%-546.1%-414.4%-384.1%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-1.0M$-1.0M$-1.0M$0$-4.0M$-4.0M$-13.0M$-2.0M$-3.0M$-2.0M$-2.0M$-2.0M
Tax$0$-90,000$0$0$0$-50,000$0$-220,000$0$-40,000$0$0
Net Profit$-1.0M$-1.0M$-1.0M$0$-4.0M$-4.0M$-13.0M$-2.0M$-3.0M$-2.0M$-2.0M$-2.0M
EPS$-0.08$-0.14$-0.09$-0.05$-0.61$-0.45$-1.74$-0.14$-0.20$-0.20$-0.13$-0.10

Over the 6 years reported for Firefly Neuroscience, Inc., cash stood at $3.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.33 times.

Balance Sheet — 6 Years (USD millions)

Metric202020212022202320242025
Total Assets$4.0M$1.0M$0$3.0M$5.0M$10.0M
Current Assets$3.0M$1.0M$0$2.0M$3.0M$4.0M
Cash$2.0M$1.0M$0$2.0M$2.0M$3.0M
Inventory$0$0$0$0$0$0
Receivables$1.0M$0$0$0$0$0
Fixed Assets$0$0$0$0$0$0
Capital Work in Progress$0$0$0$0$0$0
Investments$0$0$0$0$0$0
Other Assets$0$0$0$0$0$5.0M
Total Liabilities$2.0M$4.0M$2.0M$3.0M$5.0M$3.0M
Current Liabilities$2.0M$4.0M$2.0M$3.0M$5.0M$3.0M
Borrowings$0$2.0M$0$0$1.0M$0
Other Liabilities$2.0M$2.0M$2.0M$3.0M$4.0M$3.0M
Equity$0$0$0$0$0$0
Reserves$2.0M$-3.0M$-2.0M$0$0$8.0M

For Firefly Neuroscience, Inc., operating cash flow was positive in 0 of 6 reported years; free cash flow in the latest year was negative at $8.0M; free cash flow was positive in 0 of 6 years.

Cash Flow Statement — 6 Years (USD millions)

Metric202020212022202320242025
Operating Cash Flow$0$-4.0M$-3.0M$-2.0M$-6.0M$-8.0M
Investing Cash Flow$0$2.0M$0$-1.0M$-1.0M$-3.0M
Financing Cash Flow$0$0$0$0$0$0
Net Cash Flow$1.0M$0$-1.0M$2.0M$0$1.0M
Free Cash Flow$0$-4.0M$-3.0M$-3.0M$-7.0M$-8.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.02
EV / EBITDA-1.23
FCF Yield-35.79%
Quick Ratio4.85
Interest Coverage-306.55
Return 1Y-57.82%
Return 3Y-88.95%
Return 5Y-98.67%

Firefly Neuroscience, Inc. (AIFF) financials — frequently asked questions

What is Firefly Neuroscience, Inc.'s annual revenue?

Firefly Neuroscience, Inc. (AIFF) reported annual revenue of $1.0M in its most recent fiscal year.

What is Firefly Neuroscience, Inc.'s net profit?

Firefly Neuroscience, Inc. (AIFF) reported a net loss of $20.0M in its most recent fiscal year.

What is AIFF EV/EBITDA?

Firefly Neuroscience, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -1.23. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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