AIMDW
AIMDW
Ainos, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.17K ▼ | $2.79M ▼ | $-2.93M ▲ | -135.29K% ▼ | $-0.64 ▲ | $-1.55M ▲ |
| Q2-2025 | $4.66K ▼ | $3.75M ▲ | $-4.08M ▼ | -87.6K% ▼ | $-0.99 ▲ | $-2.71M ▼ |
| Q1-2025 | $106.21K ▲ | $3.25M ▼ | $-3.29M ▲ | -3.09K% ▼ | $-207.15 ▼ | $-1.93M ▲ |
| Q4-2024 | $0 | $4.63M ▲ | $-4.65M ▼ | 0% | $-0.49 ▼ | $-3.28M ▼ |
| Q3-2024 | $0 | $3.04M | $-3.7M | 0% | $-0.33 | $-2.22M |
What's going well?
The company managed to cut its losses by nearly $1.2 million compared to last quarter. Operating expenses, especially in admin and R&D, were reduced. Loss per share also improved from -$0.99 to -$0.64.
What's concerning?
Revenue collapsed by more than half, and the company is still losing far more than it earns. Heavy spending on R&D and admin is unsustainable at these sales levels, and dilution is hurting shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.13M ▼ | $22.68M ▼ | $12.63M ▲ | $10.04M ▼ |
| Q2-2025 | $1.22M ▼ | $23.92M ▼ | $12.48M ▼ | $11.44M ▼ |
| Q1-2025 | $2.63M ▼ | $26.35M ▼ | $13.23M ▼ | $13.12M ▼ |
| Q4-2024 | $3.89M ▼ | $28.82M ▼ | $13.3M ▼ | $15.52M ▼ |
| Q3-2024 | $5.16M | $31.37M | $13.35M | $18.02M |
What's financially strong about this company?
The company can cover its near-term bills with current assets and has no short-term debt. All debt is long-term, and there are no hidden or unusual liabilities.
What are the financial risks or weaknesses?
Most assets are intangible, so there's little in hard assets or cash. Retained earnings are deeply negative, showing a long history of losses, and equity is shrinking.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-2.93M ▲ | $-1.18M ▲ | $4.93K ▲ | $1.13M ▲ | $-94.97K ▲ | $-1.19M ▲ |
| Q2-2025 | $-4.08M ▼ | $-1.35M ▼ | $2.54K ▲ | $-295.51K ▼ | $-1.41M ▼ | $-1.34M ▼ |
| Q1-2025 | $-3.29M ▲ | $-1.22M ▼ | $-20.59K ▼ | $14.61K ▲ | $-1.26M ▼ | $-1.26M ▼ |
| Q4-2024 | $-4.65M ▼ | $-864.23K ▲ | $13.29K ▲ | $-270K ▲ | $-1.26M ▲ | $-865.14K ▲ |
| Q3-2024 | $-3.7M | $-1.48M | $-18.79K | $-1.48M | $-2.86M | $-1.49M |
What's strong about this company's cash flow?
Cash burn is shrinking, and working capital changes provided a small cash boost. Non-cash expenses like depreciation and stock comp make up a big part of losses, so actual cash burn is less than net losses suggest.
What are the cash flow concerns?
The company is still burning over $1.1 million in cash per quarter and only has enough cash for about one more quarter. Survival depends on constantly raising new money and shareholders are being heavily diluted.
5-Year Trend Analysis
A comprehensive look at Ainos, Inc.'s financial evolution and strategic trajectory over the past five years.
Key positives include a clearly differentiated technology vision, a substantial patent and IP base, strong commitment to R&D, and early strategic partnerships that validate its platforms. The balance sheet today shows improved liquidity compared with the past, supported by the ability to raise capital through both equity and debt. If successful, the dual AI‑biotech approach could unlock multiple revenue streams across healthcare, industrial, and veterinary markets.
Major risks center on persistent and growing losses, deteriorating margins, and heavy negative cash flow, all funded largely by rising leverage. Commercial traction is limited so far, making the revenue outlook uncertain despite promising pilots. Clinical, regulatory, and market‑adoption risks are high for both platforms, and the heavy tilt toward intangible assets means that setbacks could quickly erode perceived balance‑sheet strength.
The company’s future hinges on execution: proving its technologies at scale, achieving regulatory and clinical milestones, and demonstrating that customers will pay for its solutions at economically attractive terms. If it succeeds, its early‑mover position and IP could support meaningful growth; if not, ongoing cash burn and rising debt may become increasingly difficult to sustain. Overall, AIMDW currently looks like a high‑risk, innovation‑driven development story rather than a mature operating business, with outcomes highly dependent on milestones over the next several years.
About Ainos, Inc.
https://www.ainos.comAinos, Inc., a healthcare company, engages in developing medical technologies for point-of-care testing and safe and novel medical treatment for disease indications.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.17K ▼ | $2.79M ▼ | $-2.93M ▲ | -135.29K% ▼ | $-0.64 ▲ | $-1.55M ▲ |
| Q2-2025 | $4.66K ▼ | $3.75M ▲ | $-4.08M ▼ | -87.6K% ▼ | $-0.99 ▲ | $-2.71M ▼ |
| Q1-2025 | $106.21K ▲ | $3.25M ▼ | $-3.29M ▲ | -3.09K% ▼ | $-207.15 ▼ | $-1.93M ▲ |
| Q4-2024 | $0 | $4.63M ▲ | $-4.65M ▼ | 0% | $-0.49 ▼ | $-3.28M ▼ |
| Q3-2024 | $0 | $3.04M | $-3.7M | 0% | $-0.33 | $-2.22M |
What's going well?
The company managed to cut its losses by nearly $1.2 million compared to last quarter. Operating expenses, especially in admin and R&D, were reduced. Loss per share also improved from -$0.99 to -$0.64.
What's concerning?
Revenue collapsed by more than half, and the company is still losing far more than it earns. Heavy spending on R&D and admin is unsustainable at these sales levels, and dilution is hurting shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.13M ▼ | $22.68M ▼ | $12.63M ▲ | $10.04M ▼ |
| Q2-2025 | $1.22M ▼ | $23.92M ▼ | $12.48M ▼ | $11.44M ▼ |
| Q1-2025 | $2.63M ▼ | $26.35M ▼ | $13.23M ▼ | $13.12M ▼ |
| Q4-2024 | $3.89M ▼ | $28.82M ▼ | $13.3M ▼ | $15.52M ▼ |
| Q3-2024 | $5.16M | $31.37M | $13.35M | $18.02M |
What's financially strong about this company?
The company can cover its near-term bills with current assets and has no short-term debt. All debt is long-term, and there are no hidden or unusual liabilities.
What are the financial risks or weaknesses?
Most assets are intangible, so there's little in hard assets or cash. Retained earnings are deeply negative, showing a long history of losses, and equity is shrinking.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-2.93M ▲ | $-1.18M ▲ | $4.93K ▲ | $1.13M ▲ | $-94.97K ▲ | $-1.19M ▲ |
| Q2-2025 | $-4.08M ▼ | $-1.35M ▼ | $2.54K ▲ | $-295.51K ▼ | $-1.41M ▼ | $-1.34M ▼ |
| Q1-2025 | $-3.29M ▲ | $-1.22M ▼ | $-20.59K ▼ | $14.61K ▲ | $-1.26M ▼ | $-1.26M ▼ |
| Q4-2024 | $-4.65M ▼ | $-864.23K ▲ | $13.29K ▲ | $-270K ▲ | $-1.26M ▲ | $-865.14K ▲ |
| Q3-2024 | $-3.7M | $-1.48M | $-18.79K | $-1.48M | $-2.86M | $-1.49M |
What's strong about this company's cash flow?
Cash burn is shrinking, and working capital changes provided a small cash boost. Non-cash expenses like depreciation and stock comp make up a big part of losses, so actual cash burn is less than net losses suggest.
What are the cash flow concerns?
The company is still burning over $1.1 million in cash per quarter and only has enough cash for about one more quarter. Survival depends on constantly raising new money and shareholders are being heavily diluted.
5-Year Trend Analysis
A comprehensive look at Ainos, Inc.'s financial evolution and strategic trajectory over the past five years.
Key positives include a clearly differentiated technology vision, a substantial patent and IP base, strong commitment to R&D, and early strategic partnerships that validate its platforms. The balance sheet today shows improved liquidity compared with the past, supported by the ability to raise capital through both equity and debt. If successful, the dual AI‑biotech approach could unlock multiple revenue streams across healthcare, industrial, and veterinary markets.
Major risks center on persistent and growing losses, deteriorating margins, and heavy negative cash flow, all funded largely by rising leverage. Commercial traction is limited so far, making the revenue outlook uncertain despite promising pilots. Clinical, regulatory, and market‑adoption risks are high for both platforms, and the heavy tilt toward intangible assets means that setbacks could quickly erode perceived balance‑sheet strength.
The company’s future hinges on execution: proving its technologies at scale, achieving regulatory and clinical milestones, and demonstrating that customers will pay for its solutions at economically attractive terms. If it succeeds, its early‑mover position and IP could support meaningful growth; if not, ongoing cash burn and rising debt may become increasingly difficult to sustain. Overall, AIMDW currently looks like a high‑risk, innovation‑driven development story rather than a mature operating business, with outcomes highly dependent on milestones over the next several years.

CEO
Chun-Hsien Tsai
Compensation Summary
(Year 2024)
Ratings Snapshot
Rating : C

