NMTC - NeuroOne Medical Te... Stock Analysis | Stock Taper
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NeuroOne Medical Technologies Corporation

NMTC

NeuroOne Medical Technologies Corporation NASDAQ
$0.67 -2.91% (-0.02)

Market Cap $33.87 M
52w High $1.16
52w Low $0.40
P/E -3.72
Volume 133.97K
Outstanding Shares 50.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $2.89M $3.28M $-1.44M -49.71% $-0.03 $-1.64M
Q4-2025 $2.74M $2.9M $-1.62M -59.08% $-0.04 $-1.55M
Q3-2025 $1.7M $2.8M $-1.5M -88.49% $-0.03 $-1.42M
Q2-2025 $1.39M $3.45M $-2.27M -163.76% $-0.07 $-2.2M
Q1-2025 $3.27M $215.68K $1.79M 54.53% $0.06 $2.18M

What's going well?

Revenue is growing steadily, and the net loss is smaller than last quarter. Gross margins are stable, and there are no big one-time charges distorting results.

What's concerning?

Operating losses are getting worse, expenses are rising faster than revenue, and a big jump in share count is diluting shareholders. The company is still far from profitability.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $3.56M $8.58M $2.18M $6.4M
Q4-2025 $6.57M $10.79M $3.71M $7.07M
Q3-2025 $8.04M $10.82M $2.64M $8.18M
Q2-2025 $1.32M $4.46M $3.33M $1.13M
Q1-2025 $1.13M $6.49M $3.56M $2.94M

What's financially strong about this company?

The company has very little debt, lots of liquid assets, and no risky goodwill or hidden obligations. They can easily pay their bills and have a clean, high-quality asset base.

What are the financial risks or weaknesses?

Cash reserves dropped sharply this quarter, and receivables are piling up, which could signal collection problems. The company has a long history of losses, as shown by large negative retained earnings.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-1.44M $-3.12M $-40.75K $147.82K $-3.01M $-3.16M
Q4-2025 $-1.62M $-1.53M $-10.61K $66.98K $-1.47M $-1.54M
Q3-2025 $-1.5M $-1.46M $-43.55K $8.23M $6.72M $-1.51M
Q2-2025 $-2.27M $-56.14K $-3.17K $245.22K $185.9K $-59.31K
Q1-2025 $1.79M $208.05K $-24.42K $-509.32K $-325.69K $183.63K

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

The company is not taking on debt and capital spending is low, so it's not overextending itself on big projects. Stock-based compensation is steady, not rising.

What are the cash flow concerns?

Cash burn has doubled in one quarter, working capital is draining cash, and the company will run out of money soon unless it raises more. Shareholder dilution is ongoing.

Q1 2026 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at NeuroOne Medical Technologies Corporation's financial evolution and strategic trajectory over the past five years.

+ Strengths

NeuroOne combines explosive recent revenue growth with improving margins and much lower cash burn, signaling progress toward a more scalable business model. The balance sheet is currently supported by strong liquidity and low debt, giving management room to pursue its strategy. On the strategic side, the company benefits from a clearly differentiated technology platform, strong clinical roots, key FDA clearances, and a powerful distribution partnership with Zimmer Biomet. Its pipeline spans multiple neurological and pain indications, offering diversified potential growth paths from a single core technology.

! Risks

The company remains loss‑making with negative free cash flow and a history of accumulating deficits, making it dependent on external capital to fund operations and R&D. Results across the balance sheet and cash flow statement have been volatile, reflecting sensitivity to capital markets and execution. Competitive pressure from large, entrenched medtech players, along with regulatory, reimbursement, and adoption risks, could slow or limit commercialization. Dependence on a single major commercial partner adds concentration risk, and any setback in clinical outcomes, regulatory processes, or IP protection could materially impact the story.

Outlook

NeuroOne’s overall outlook is that of a high‑risk, innovation‑driven medtech company transitioning from development to commercialization. Financial trends are moving in a favorable direction, with rapid sales growth and improving margins helping to narrow losses and reduce cash burn. The future trajectory will be shaped by the pace of clinical adoption of its thin‑film electrodes and OneRF system, the success of pipeline programs in pain and other neurological indications, and the durability of its partnership with Zimmer Biomet. If these elements fall into place, the company could evolve into a more self‑sustaining, higher‑margin platform business, but the path remains uncertain and execution‑dependent.