EDAP - Edap Tms S.a. Stock Analysis | Stock Taper
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Edap Tms S.a.

EDAP

Edap Tms S.a. NASDAQ
$4.37 -1.24% (-0.06)

Market Cap $163.40 M
52w High $5.05
52w Low $1.21
P/E -7.67
Volume 36.14K
Outstanding Shares 37.39M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $13.88M $10.9M $-5.01M -36.13% $-0.13 $-4.22M
Q2-2025 $16.04M $12.59M $-5.6M -34.91% $-0.15 $-5.13M
Q1-2025 $13.56M $11.69M $-7.07M -52.18% $-0.19 $-5.35M
Q4-2024 $20.32M $12.84M $-1.94M -9.55% $-0.05 $-3.1M
Q3-2024 $13.1M $10.99M $-6.4M -48.85% $-0.17 $-5.35M

What's going well?

The company managed to reduce its losses even as sales dropped, showing some cost control. Gross margins held steady, and interest expense remains low.

What's concerning?

Revenue is falling fast, and the company is still losing money every quarter. Without a turnaround in sales, ongoing losses could become a bigger problem.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $10.57M $61.46M $38.14M $23.32M
Q2-2025 $16.27M $68.34M $40.52M $27.82M
Q1-2025 $22.82M $74.98M $40.52M $34.46M
Q4-2024 $29.84M $86.06M $45.17M $40.9M
Q3-2024 $25.48M $79.04M $36.4M $42.64M

What's financially strong about this company?

EDAP has more current assets than current liabilities and paid down some debt this quarter. Asset quality is solid, with most assets in cash, receivables, and equipment.

What are the financial risks or weaknesses?

Cash fell 35% and deferred revenue disappeared, which could mean less upfront business and tighter liquidity. Equity also dropped, and most debt is due soon.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $0 $0 $0 $0 $0 $0
Q2-2025 $-6.35M $-4.66M $-1.6M $60.94K $0 $-6.26M
Q1-2025 $-7.45M $-5.34M $-1.3M $-1.25M $-30.9M $-6.64M
Q4-2024 $-2.07M $0 $0 $0 $30.9M $0
Q3-2024 $-6.4M $-4.86M $-979K $614K $-30.21M $-5.84M

What's strong about this company's cash flow?

There is a slight improvement in working capital impact, and no new debt or dilution. However, strengths are limited based on available data.

What are the cash flow concerns?

EDAP is burning real cash, with last quarter showing a $6.26 million free cash outflow and no evidence of improvement. Missing cash flow and balance data this quarter raises red flags about transparency and sustainability.

Revenue by Products

Product Q4-2016Q2-2018Q4-2018Q1-2020
Licenses and Others
Licenses and Others
$0 $0 $0 $0
Product and Service Other
Product and Service Other
$0 $0 $0 $0
HIFU Treatments and Devices Leased
HIFU Treatments and Devices Leased
$0 $0 $0 $0
Parts and Services
Parts and Services
$0 $0 $10.00M $0
Product
Product
$0 $10.00M $30.00M $0
High Intensity Focused Ultrasound HIFU
High Intensity Focused Ultrasound HIFU
$0 $0 $0 $0
Urology Devices and Services UDS
Urology Devices and Services UDS
$0 $0 $0 $0

Revenue by Geography

Region Q1-2020
Asia
Asia
$20.00M
FRANCE
FRANCE
$10.00M
Other Geographical Areas
Other Geographical Areas
$10.00M
UNITED STATES
UNITED STATES
$10.00M

Q3 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at Edap Tms S.a.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

EDAP combines strong revenue growth with a differentiated technology platform in a promising, minimally invasive area of medical treatment. It has historically maintained solid liquidity, carries manageable debt, and benefits from a deep innovation pipeline and growing clinical validation. Its integrated diagnostic and therapeutic solution in prostate cancer, together with expansion plans into additional indications, gives it a clear strategic focus and potential for meaningful long-term market impact.

! Risks

The main concerns center on financial sustainability and execution. Profitability has deteriorated, cash burn is persistent, and the balance sheet, while still adequate, is weakening. Retained losses continue to accumulate, debt reliance is rising, and free cash flow is materially negative. On the strategic side, EDAP must overcome adoption, reimbursement, and competitive hurdles in a conservative and crowded healthcare landscape, while ensuring its clinical trials and regulatory processes deliver the outcomes needed to support broader use.

Outlook

Looking ahead, EDAP appears to be in a high-risk, high-potential phase. Its technology, pipeline, and growing revenue base suggest meaningful upside if it can translate innovation and clinical evidence into wider market adoption and eventually restore profitability and positive cash flow. Conversely, if revenue growth slows or key clinical and regulatory milestones disappoint, the current cost structure and cash burn could become more problematic. The trajectory of margins, cash generation, and uptake of new indications over the next few years will likely be decisive for its long-term trajectory.