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ACON logoAclarion, Inc.(ACON)Earnings, Financials & Key Ratios

ACON•NASDAQ
Price updated Jun 19, 2026
SectorHealthcareIndustryHealthcare ITSub-IndustryLife Sciences and Precision Medicine Software
AboutAclarion, Inc., a healthcare technology company, develops software application for magnetic resonance spectroscopy (MRS) in the United States. It offers NOCISCAN-LS Post-Processor suite comprising NOCICALC-LS that receives and processes the acquired disc MRS data to calculate levels of degenerative pain biomarkers; and NOCIGRAM-LS, a clinical decision support software. The company was formerly known as Nocimed, Inc. and changed its name to Aclarion, Inc. in December 2021. Aclarion, Inc. was founded in 2008 and is based in San Mateo, California.Show more
  • Revenue$76K+65.6%
  • EBITDA-$7M-28.3%
  • Net Income-$7M-3.4%
  • EPS (Diluted)-13.61+99.8%
  • Gross Margin-291.27%-58.5%
  • EBITDA Margin-9012.26%+22.5%
  • Operating Margin-9312.55%+22.8%
  • Net Margin-9551.87%+37.5%
  • ROE-104.8%+98.2%

ACON Key Insights

Aclarion, Inc. (ACON) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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ACON Price & Volume

Aclarion, Inc. (ACON) stock price & volume — 10-year historical chart

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ACON Growth Metrics

Aclarion, Inc. (ACON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years9.25%
3 Years7.8%
TTM42.63%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-21.39%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM99.78%

Return on Capital

10 Years-1389.53%
5 Years-1389.53%
3 Years-1769.42%
Last Year-102.17%

ACON Recent Earnings

Aclarion, Inc. (ACON) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 2/12 qtrs (18%)
Q2 2026Latest
May 21, 2026
Metric
Actual
Est
EPS
$1.34+13.5%
$1.55
Rev
$21,140-15.4%
$25,000
Q2 2026
May 13, 2026
Metric
Actual
Est
EPS
$1.34+13.5%
$1.55
Rev
$21,140-15.4%
$25,000
Q1 2026
Feb 25, 2026
Metric
Actual
Est
EPS
$3.60+0.0%
$3.60
Rev
$20,000+0.0%
$20,000
Q4 2025
Nov 12, 2025
Metric
Actual
Est
EPS
$2.93-11.0%
$2.64
Rev
$18,942-0.3%
$19,000
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 21, 2026
$1.34vs $1.55+13.5%
$21,140vs $25,000-15.4%
Q2 2026May 13, 2026
$1.34vs $1.55+13.5%
$21,140vs $25,000-15.4%
Q1 2026Feb 25, 2026
$3.60vs $3.60+0.0%
$20,000vs $20,000+0.0%
Q4 2025Nov 12, 2025
$2.93vs $2.64-11.0%
$18,942vs $19,000-0.3%
Based on last 12 quarters of dataView full earnings history →

ACON Peer Comparison

Aclarion, Inc. (ACON) competitors in Life Sciences and Precision Medicine Software — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
XTNT logoXTNTXtant Medical Holdings, Inc.Direct Competitor61.8M0.4414.6914.21%1.5%3.68%0.56
GKOS logoGKOSGlaukos CorporationDirect Competitor7.65B130.68-39.8432.33%-34.34%-26.46%0.21
MDXG logoMDXGMiMedx Group, Inc.Product Competitor545.24M3.6711.4719.99%7.88%12.86%0.09
ATEC logoATECAlphatec Holdings, Inc.Product Competitor1.33B8.81-9.1824.95%-21.07%-443.09%17.21
NVCR logoNVCRNovoCure LimitedProduct Competitor1.62B14.28-11.708.28%-25.66%-50.82%0.85
OFIX logoOFIXOrthofix Medical Inc.Product Competitor381.98M9.45-4.142.85%-7.27%-13.44%0.51
ISRG logoISRGIntuitive Surgical, Inc.Supply Chain144.48B406.7851.6920.51%28.15%16.89%0.02
MDT logoMDTMedtronic plcSupply Chain101.86B79.3421.983.62%13%9.49%0.59

Compare ACON vs Peers

Aclarion, Inc. (ACON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs XTNT

Most directly comparable listed peer for ACON.

Scale Benchmark

vs ISRG

Larger-name benchmark to compare ACON against a more recognizable public peer.

Peer Set

Compare Top 5

vs XTNT, GKOS, MDXG, ATEC

ACON Income Statement

Aclarion, Inc. (ACON) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
26.9K48.65K60.29K60.44K75.4K45.72K75.73K77.88K
Revenue Growth %
-80.88%23.93%0.25%24.75%-39.36%65.62%42.63%
Cost of Goods Sold
63.18K66.25K69.17K65.3K75.73K129.77K296.31K123.72K
COGS % of Revenue
234.9%136.16%114.73%108.03%100.43%283.81%391.27%-
Gross Profit
-36.28K▲ 0%
-17.59K▲ 51.5%
-8.88K▲ 49.5%
-4.85K▲ 45.4%
-324▲ 93.3%
-84.04K▼ 25839.2%
-220.58K▼ 162.5%
-45.84K▲ 0%
Gross Margin %
-134.9%-36.16%-14.73%-8.03%-0.43%-183.81%-291.27%-58.86%
Gross Profit Growth %
-51.51%49.51%45.36%93.33%-25839.2%-162.46%-
Operating Expenses
3.98M4.46M2.94M5.56M4.88M5.43M6.83M8.5M
OpEx % of Revenue
14786.11%9166.87%4883.16%9193.16%6466.05%11873.42%9021.28%-
Selling, General & Admin
2.24M1.41M2.16M4.49M4M4.59M6.03T7.41M
SG&A % of Revenue
8329.58%2893.48%3576.44%7426.25%5307.84%10028.32%99999900%-
Research & Development
1.74M1.05M787.85K1.07M873.34K888.77K1.03T1.15M
R&D % of Revenue
6456.53%2162.56%1306.72%1766.91%1158.21%1943.76%99999900%-
Other Operating Expenses
02M000-45.11K-7.06T-60.91K
Operating Income
-4.01M▲ 0%
-4.48M▼ 11.6%
-2.95M▲ 34.0%
-5.56M▼ 88.3%
-4.88M▲ 12.3%
-5.51M▼ 13.1%
-7.05M▼ 27.9%
-8.55M▲ 0%
Operating Margin %
-14921.01%-9203.03%-4897.89%-9201.19%-6466.48%-12057.23%-9312.55%-10975.1%
Operating Income Growth %
--11.57%34.05%-88.33%12.33%-13.07%-27.92%-
EBITDA
-3.84M-4.28M-2.77M-5.42M-4.71M-5.32M-6.82M-8.31M
EBITDA Margin %
-14258.45%-8799.59%-4588.75%-8963.58%-6250.74%-11634.83%-9012.26%-10675.73%
EBITDA Growth %
--11.63%35.38%-95.83%13.01%-12.87%-28.29%-50.44%
D&A (Non-Cash Add-back)
178.21K196.28K186.39K143.62K162.67K193.14K227.41K233.15K
EBIT
-4.01M-4.48M-4.47M-5.56M-4.3M-6.46M-7.05M-8.18M
Net Interest Income
-5K-156.04K-476.48K-1.51M-608.12K-535.15K411.06K133.03K
Interest Income
01502.51K172318411.06K133.03K
Interest Expense
5K156.06K476.48K1.51M608.29K535.47K00
Other Income/Expense
-5.96K-157.79K-2M-1.51M-35.39K-1.48M-181.24K497.64K
Pretax Income
-4.02M▲ 0%
-4.64M▼ 15.3%
-4.95M▼ 6.8%
-7.07M▼ 42.8%
-4.91M▲ 30.5%
-6.99M▼ 42.4%
-7.23M▼ 3.4%
-8.05M▲ 0%
Pretax Margin %
-14943.15%-9527.35%-8210.53%-11694.45%-6513.41%-15293.78%-9551.87%-10336.12%
Income Tax
00000000
Effective Tax Rate %
0%0%0%0%0%0%0%0%
Net Income
-4.02M▲ 0%
-4.64M▼ 15.3%
-4.95M▼ 6.8%
-7.07M▼ 42.8%
-4.91M▲ 30.5%
-6.99M▼ 42.4%
-7.23M▼ 3.4%
-8.05M▲ 0%
Net Margin %
-14943.15%-9527.35%-8210.53%-11694.45%-6513.41%-15293.78%-9551.87%-10336.12%
Net Income Growth %
--15.33%-6.8%-42.79%30.52%-42.38%-3.44%-21.39%
Net Income (Continuing)
-4.02M-4.64M-4.95M-7.07M-4.91M-6.99M-7.23M-8.05M
Discontinued Operations
00000000
Minority Interest
00000000
EPS (Diluted)
-97680.00▲ 0%
-110583.00▼ 13.2%
-120035.00▼ 8.5%
-177396.00▼ 47.8%
-79782.00▲ 55.0%
-7480.22▲ 90.6%
-13.61▲ 99.8%
-3.78▲ 0%
EPS Growth %
--13.21%-8.55%-47.79%55.03%90.62%99.82%99.78%
EPS (Basic)
-97680.00-110583.00-120035.00-177396.00-79782.00-7480.22-13.61-
Diluted Shares Outstanding
5050504262943532.04K2.13M
Basic Shares Outstanding
5050504262943532.04K2.13M
Dividend Payout Ratio
--------

ACON Balance Sheet

Aclarion, Inc. (ACON) balance sheet — assets, liabilities & shareholders' equity

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
218.51K97.13K732.2K1.7M1.29M824.28K12.4M19.38M
Cash & Short-Term Investments
128.16K14.98K432.53K1.47M1.02M453.66K12.02M19M
Cash Only
128.16K14.98K432.53K1.47M1.02M453.66K12.02M19M
Short-Term Investments
00000000
Accounts Receivable
14.7K22.5K6.28K18.65K13.42K18.33K29.68K40.58K
Days Sales Outstanding
199.42168.8238.02112.6464.98146.29143.05144.35
Inventory
00000000
Days Inventory Outstanding
--------
Other Current Assets
0020K59.56K152.22K133.9K25K330.99K
Total Non-Current Assets
1.21M1.19M1.16M1.21M1.17M1.3M1.28M1.26M
Property, Plant & Equipment
48.51K25.62K12.64K3.35K1.78K5.5K24.17K22.87K
Fixed Asset Turnover
0.55x1.90x4.77x18.06x42.31x8.31x3.13x4.67x
Goodwill
00000000
Intangible Assets
1.16M1.17M1.14M1.21M1.17M1.29M1.25M1.24M
Long-Term Investments
00000000
Other Non-Current Assets
00000000
Total Assets
1.43M▲ 0%
1.29M▼ 9.7%
1.89M▲ 46.3%
2.91M▲ 54.3%
2.46M▼ 15.6%
2.12M▼ 13.7%
13.67M▲ 543.9%
20.64M▲ 0%
Asset Turnover
0.02x0.04x0.03x0.02x0.03x0.02x0.01x0.01x
Asset Growth %
--9.69%46.27%54.26%-15.61%-13.67%543.87%1260.85%
Total Current Liabilities
3.13M8.38M7.62M688.67K3.19M1.15M837.29K986.21K
Accounts Payable
501.03K859.53K1.06M457.56K760.53K531.6K324.47K587.29K
Days Payables Outstanding
2.89K4.74K5.59K2.56K3.67K1.5K399.691.08K
Short-Term Debt
515.55K2.38M2M01.13M000
Deferred Revenue (Current)
00000000
Other Current Liabilities
2.02M2M0165.95K768.87K543.12K459.67K398.92K
Current Ratio
0.07x0.01x0.10x2.47x0.40x0.71x14.81x19.65x
Quick Ratio
0.07x0.01x0.10x2.47x0.40x0.71x14.81x19.65x
Cash Conversion Cycle
--------938.09
Total Non-Current Liabilities
00000000
Long-Term Debt
00000000
Capital Lease Obligations
00000000
Deferred Tax Liabilities
00000000
Other Non-Current Liabilities
00000000
Total Liabilities
3.13M8.38M7.62M688.67K3.19M1.15M837.29K986.21K
Total Debt
515.55K2.38M2M01.13M000
Net Debt
387.39K2.36M1.57M-1.47M104.66K-453.66K-12.02M-19M
Debt / Equity
-------0.00x
Debt / EBITDA
--------0.00x
Net Debt / EBITDA
-------2.29x
Interest Coverage
-803.66x-28.70x-9.39x-3.69x-7.07x-12.06x--
Total Equity
-1.7M▲ 0%
-7.08M▼ 316.2%
-5.73M▲ 19.1%
2.23M▲ 138.9%
-728K▼ 132.7%
970.06K▲ 233.3%
12.84M▲ 1223.1%
19.65M▲ 0%
Equity Growth %
--316.21%19.12%138.85%-132.7%233.25%1223.13%2409.85%
Book Value per Share
-34300.81-142762.87-115468.6652761.77-11825.831028.8724.129.23
Total Shareholders' Equity
-1.7M-7.08M-5.73M2.23M-728K970.06K12.84M19.65M
Common Stock
68689580925
Retained Earnings
-20.44M-25.93M-31.89M-39.37M-44.28M-51.26M-58.5M-61.35M
Treasury Stock
00000000
Accumulated OCI
00000000
Minority Interest
00000000

ACON Cash Flow Statement

Aclarion, Inc. (ACON) cash flow — operating, investing & free cash flow history

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-4.17M-1.79M-2.35M-4.95M-3.65M-5.27M-7.16M-7.3M
Operating CF Margin %
-15508.17%-3687.01%-3897.61%-8187.93%-4836.54%-11529.19%-9460.19%-
Operating CF Growth %
-57%-31%-110.61%26.31%-44.55%-35.9%-155.91%
Net Income
-4.02M-4.64M-4.95M-7.07M-4.91M-6.99M-7.23M-8.05M
Depreciation & Amortization
178.21K196.28K189.37K143.62K162.67K193.14K227.41K233.15K
Stock-Based Compensation
28.04K26.13K177.49K1.29M456K287.45K049.47K
Deferred Taxes
00000000
Other Non-Cash Items
02.08M1.56M1.3M22.88K1.8M199.92K4.59K
Working Capital Changes
-358.23K539.9K676.29K-616.1K622.87K-564.24K-357.9K467.29K
Change in Receivables
-14.7K-7.81K16.22K-12.29K-1.49K7.27K-11.35K-21.41K
Change in Inventory
00000000
Change in Payables
-249.96K342.23K199.6K-603.1K220.63K-156.4K-198.64K58.89K
Cash from Investing
-267.21K-179.03K-152K-207.87K-119.52K-321.94K-203.9K-174.96K
Capital Expenditures
-22.36K-4.74K-152K-208.87K-119.52K-321.94K-203.9K-174.96K
CapEx % of Revenue
83.12%9.74%252.11%345.56%158.51%704.09%269.25%224.65%
Acquisitions
00000000
Investments
--------
Other Investing
-244.86K-174.28K01K0001
Cash from Financing
2.95M1.86M2.94M6.19M3.31M5.03M18.95M11.74M
Debt Issued (Net)
515.55K1.86M2.94M-2M2.25M-300.97K00
Equity Issued (Net)
2.43M008.55M1.46M6.57M18.95M11.9M
Dividends Paid
00000000
Share Repurchases
000000-1.21M0
Other Financing
000-365.06K-398.22K-1.25M0-164.65K
Net Change in Cash
-1.49M▲ 0%
-113.18K▲ 92.4%
437.55K▲ 486.6%
1.03M▲ 135.5%
-451.74K▼ 143.8%
-567.41K▼ 25.6%
11.58M▲ 2140.4%
4.27M▲ 0%
Free Cash Flow
-4.44M▲ 0%
-1.97M▲ 55.6%
-2.35M▼ 19.1%
-5.16M▼ 119.5%
-3.77M▲ 27.0%
-5.59M▼ 48.5%
-7.19M▼ 28.5%
-7.34M▲ 0%
FCF Margin %
-16501.65%-4054.98%-3897.61%-8533.49%-4995.05%-12233.28%-9488.62%-9430.56%
FCF Growth %
-55.55%-19.12%-119.49%26.98%-48.51%-28.46%-57.84%
FCF per Share
-89452.45-39760.38-47360.88-122259.39-61183.95-5932.66-13.51-3.45
FCF Conversion (FCF/Net Income)
1.04x0.39x0.47x0.70x0.74x0.75x0.99x0.91x
Interest Paid
000010.71K13.07K00
Taxes Paid
00000000

ACON Key Ratios

Aclarion, Inc. (ACON) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)
---317.55%-655.74%-5777.8%-104.8%-54.41%
Return on Invested Capital (ROIC)
----5634.28%--791.97%-642.26%
Gross Margin
-36.16%-14.73%-8.03%-0.43%-183.81%-291.27%-58.86%
Net Margin
-9527.35%-8210.53%-11694.45%-6513.41%-15293.78%-9551.87%-10336.12%
Debt / Equity
------0.00x
Interest Coverage
-28.70x-9.39x-3.69x-7.07x-12.06x--
FCF Conversion
0.39x0.47x0.70x0.74x0.75x0.99x0.91x
Revenue Growth
80.88%23.93%0.25%24.75%-39.36%65.62%42.63%
Related:ACON Dividend History·ACON Revenue History·ACON Price History·ACON P/E History·ACON Financial Ratios·ACON Institutional Holders

ACON SEC Filings & Documents

Aclarion, Inc. (ACON) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Jan 13, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 18, 2026·SEC

FY 2025

Apr 9, 2025·SEC

FY 2024

Mar 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 14, 2025·SEC

ACON Frequently Asked Questions

Aclarion, Inc. (ACON) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Aclarion, Inc. (ACON) reported $0.1M in revenue for fiscal year 2025. This represents a 190% increase from $0.0M in 2019.

Aclarion, Inc. (ACON) grew revenue by 65.6% over the past year. This is strong growth.

Aclarion, Inc. (ACON) reported a net loss of $8.0M for fiscal year 2025.

Dividend & Returns

Aclarion, Inc. (ACON) has a return on equity (ROE) of -104.8%. Negative ROE indicates the company is unprofitable.

Aclarion, Inc. (ACON) had negative free cash flow of $7.3M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in ACON back in 2019?

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