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IceCure Medical Ltd (ICCM) 10-Year Financial Performance & Capital Metrics

ICCM • • Industrial / General
HealthcareMedical DevicesSurgical & Minimally Invasive DevicesSurgical Energy & Ablation Systems
AboutIceCure Medical Ltd, a medical device company, engages in the research, development, and commercialization of medical devices for cryoablation (freezing) of tumors in the human body. It offers ProSense system, a cryoablation solution for the treatment of breast tumors. The company was incorporated in 2006 and is headquartered in Caesarea, Israel.Show more
  • Revenue $3M +1.9%
  • EBITDA -$15M -0.7%
  • Net Income -$15M -4.5%
  • EPS (Diluted) -0.30 +6.3%
  • Gross Margin 44.09% +9.5%
  • EBITDA Margin -466.85% +1.2%
  • Operating Margin -476.94% +1.1%
  • Net Margin -465.45% -2.6%
  • ROE -160.7% -106.1%
  • ROIC -1162.67% -128.4%
  • Debt/Equity 0.07 +35.1%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y sales CAGR of 14.7%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 13 (bottom 13%)
  • ✗Shares diluted 11.5% 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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.91%
5Y14.7%
3Y-7.35%
TTM-20.25%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-9.53%

EPS CAGR

10Y-
5Y-
3Y-
TTM9.33%

ROCE

10Y Avg-106.57%
5Y Avg-89.09%
3Y Avg-101.06%
Latest-160.16%

Peer Comparison

Surgical Energy & Ablation Systems
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
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BDMDBaird Medical Investment Holdings Limited45.91M1.252.5517.74%33.62%33%0.53
IVFINVO Fertility, Inc.12.29M0.81-0.03116.25%-417.01%-495.09%0.78
AEMDAethlon Medical, Inc.2.64M2.71-0.03-0.2%0.13
HYPDHyperion DeFi, Inc.27.38M3.35-0.0614.14%-73.86%-36.05%
NAOVNanoVibronix, Inc.1.59M1.46-0.1112.05%-133.04%-8.41%0.19
ALURAllurion Technologies Inc.23.21M1.89-0.16-39.94%-251.56%
RBOTVicarious Surgical Inc.18.48M2.86-0.27-380.42%0.30
TELATELA Bio, Inc.44.09M0.99-0.7418.56%-50.61%-25.05%1.51

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+762.87K625.49K689.38K1.07M1.66M4.08M4.14M3.08M3.23M3.29M
Revenue Growth %-0.29%-0.18%0.1%0.55%0.55%1.46%0.01%-0.25%0.05%0.02%
Cost of Goods Sold+486.21K403.99K514.44K623.17K1.08M1.43M1.94M1.64M1.93M1.84M
COGS % of Revenue0.64%0.65%0.75%0.58%0.65%0.35%0.47%0.53%0.6%0.56%
Gross Profit+276.66K221.49K174.93K448.73K576.41K2.66M2.19M1.45M1.3M1.45M
Gross Margin %0.36%0.35%0.25%0.42%0.35%0.65%0.53%0.47%0.4%0.44%
Gross Profit Growth %-0.27%-0.2%-0.21%1.57%0.28%3.61%-0.17%-0.34%-0.1%0.12%
Operating Expenses+3.81M3.33M2.84M3.62M5.19M7.02M11.92M18.18M16.88M17.15M
OpEx % of Revenue4.99%5.32%4.12%3.38%3.13%1.72%2.88%5.89%5.23%5.21%
Selling, General & Admin2.82M1.66M1.34M1.68M2.34M2.87M6.04M9.06M8.6M10.05M
SG&A % of Revenue3.7%2.66%1.95%1.57%1.41%0.7%1.46%2.94%2.66%3.05%
Research & Development980.87K1.66M1.5M1.94M2.85M4.08M5.88M9.12M8.27M7.1M
R&D % of Revenue1.29%2.66%2.17%1.81%1.72%1%1.42%2.96%2.56%2.16%
Other Operating Expenses0000070.59K0000
Operating Income+-3.53M-3.1M-2.66M-3.17M-4.61M-4.36M-9.72M-16.74M-15.58M-15.7M
Operating Margin %-4.63%-4.96%-3.87%-2.96%-2.78%-1.07%-2.35%-5.43%-4.82%-4.77%
Operating Income Growth %0.14%0.12%0.14%-0.19%-0.45%0.05%-1.23%-0.72%0.07%-0.01%
EBITDA+-3.47M-3.05M-2.63M-3.14M-4.45M-4.3M-9.6M-16.49M-15.25M-15.36M
EBITDA Margin %-4.54%-4.88%-3.82%-2.93%-2.69%-1.05%-2.32%-5.35%-4.72%-4.67%
EBITDA Growth %0.13%0.12%0.14%-0.19%-0.42%0.03%-1.23%-0.72%0.08%-0.01%
D&A (Non-Cash Add-back)63.02K54.07K33.38K30.8K155.37K63K127K248K323K332K
EBIT-3.75M-3.27M-2.82M-3.47M-4.75M-4.14M-9.72M-16.74M-15.58M-15.7M
Net Interest Income+-189.82K-151.04K-59.22K-72.59K-201.57K412K-171K-239K924K378K
Interest Income8.71K3.9K1.95K556-178.76K4.04K00924K378K
Interest Expense198.53K154.94K61.16K73.15K22.81K31.72K171K239K00
Other Income/Expense-222.87K-166.64K-210.9K-363.76K-165.18K412K-171K-239K924K378K
Pretax Income+-3.75M-3.27M-2.88M-3.53M-4.77M-4.69M-9.89M-16.98M-14.65M-15.32M
Pretax Margin %-4.92%-5.23%-4.17%-3.3%-2.88%-1.15%-2.39%-5.5%-4.54%-4.65%
Income Tax+0000086.77K0000
Effective Tax Rate %1%1%1%1%1%1.02%1.02%1.01%1%1%
Net Income+-3.75M-3.27M-2.88M-3.53M-4.76M-4.78M-10.07M-17.22M-14.65M-15.32M
Net Margin %-4.92%-5.23%-4.17%-3.3%-2.87%-1.17%-2.43%-5.58%-4.54%-4.65%
Net Income Growth %0.2%0.13%0.12%-0.23%-0.35%-0%-1.11%-0.71%0.15%-0.05%
Net Income (Continuing)-3.75M-3.27M-2.88M-3.53M-4.77M-3.73M-9.89M-16.98M-14.65M-15.32M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-1.15-0.62-0.46-0.30-0.35-0.28-0.35-0.47-0.32-0.30
EPS Growth %0.69%0.46%0.26%0.35%-0.17%0.2%-0.25%-0.34%0.32%0.06%
EPS (Basic)-0.82-0.62-0.46-0.30-0.35-0.28-0.35-0.47-0.32-0.30
Diluted Shares Outstanding4.6M5.3M6.26M11.67M13.62M17.13M28.55M37.02M45.64M50.88M
Basic Shares Outstanding4.6M5.3M6.26M11.67M13.62M17.13M28.55M37.02M45.64M50.88M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+4.92M3.23M1.86M5.15M6.9M9.68M30.32M28.13M14.18M10.75M
Cash & Short-Term Investments4.52M2.82M1.46M4.19M5.78M3.5M25.62M23.66M11.06M7.56M
Cash Only4.52M2.82M1.46M4.19M5.78M3.5M25.62M23.66M10.53M7.56M
Short-Term Investments00000000529K0
Accounts Receivable265.77K2250.38K2165K771K366K103K221K
Days Sales Outstanding038.38085.26014.7468.0143.311.6424.51
Inventory322.26K319.5K300.38K653.18K717.34K1.14M1.96M2.86M2.27M1.99M
Days Inventory Outstanding241.92288.66213.12382.57242.16292.33367.25635.86430.47394.36
Other Current Assets64.3K062.44K1104.54K266K0296K11K188K
Total Non-Current Assets+127.83K86.83K74.81K101.43K417.58K658.36K1.96M2.06M2.23M1.82M
Property, Plant & Equipment91.71K61.87K43.73K73.81K377.44K621.67K1.63M2.02M2.19M1.78M
Fixed Asset Turnover8.32x10.11x15.76x14.52x4.39x6.57x2.54x1.52x1.47x1.85x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments000020.27K00000
Other Non-Current Assets36.12K24.96K31.07K27.61K19.88K36.7K333K34K34K46K
Total Assets+5.05M3.31M1.93M5.25M7.32M10.34M32.28M30.19M16.41M12.58M
Asset Turnover0.15x0.19x0.36x0.20x0.23x0.40x0.13x0.10x0.20x0.26x
Asset Growth %0.53%-0.34%-0.42%1.72%0.39%0.41%2.12%-0.06%-0.46%-0.23%
Total Current Liabilities+649.65K557.12K1.57M1.17M3.63M3.91M4.02M4.34M3.87M5.51M
Accounts Payable88.12K124.78K152.49K452.98K425.67K645K881K714K502K1.23M
Days Payables Outstanding66.15112.74108.19265.31143.7165.07165.5158.9194.99244.39
Short-Term Debt00936.24K000000298K
Deferred Revenue (Current)00-1000K01000K0884K646K187K334K
Other Current Liabilities359.15K297.93K292.9K520.15K2.66M3.05M472K601K677K468K
Current Ratio7.58x5.79x1.18x4.42x1.90x2.48x7.54x6.49x3.66x1.95x
Quick Ratio7.08x5.22x0.99x3.86x1.70x2.18x7.06x5.83x3.08x1.59x
Cash Conversion Cycle175.77214.3104.93202.5298.46142.01269.76520.25347.13174.48
Total Non-Current Liabilities+552.3K652.78K621.19K720.62K1.06M1.85M1.3M430K376K161K
Long-Term Debt0000000000
Capital Lease Obligations0000110.6K118K685K430K376K161K
Deferred Tax Liabilities0000-1.76M00000
Other Non-Current Liabilities0000346.83K815.9K618K000
Total Liabilities1.2M1.21M2.19M1.89M4.69M5.75M5.32M4.77M4.25M5.67M
Total Debt+00936.24K0245.18K301.04K909K597K599K459K
Net Debt-4.52M-2.82M-521.06K-4.19M-5.53M-3.2M-24.71M-23.06M-9.93M-7.11M
Debt / Equity----0.09x0.07x0.03x0.02x0.05x0.07x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-17.78x-20.03x-43.57x-43.34x-202.02x-137.50x-56.87x-70.04x--
Total Equity+3.85M2.1M-256.93K3.37M2.63M4.58M26.96M25.42M12.16M6.9M
Equity Growth %1.09%-0.45%-1.12%14.1%-0.22%0.75%4.88%-0.06%-0.52%-0.43%
Book Value per Share0.840.40-0.040.290.190.270.940.690.270.14
Total Shareholders' Equity3.85M2.1M-256.93K3.37M2.63M4.58M26.96M25.42M12.16M6.9M
Common Stock680.13K1.13M1.26M2.7M3.47M5.03M0000
Retained Earnings-29.63M-33.34M-39.78M-40.24M-48.54M-56.97M-58.43M-75.41M-90.06M-105.38M
Treasury Stock-44.57K-45.23K-50.06K-46.2K-50.25K-41K0000
Accumulated OCI00002.3M2.68M0000
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-3.35M-3.13M-2.62M-3.06M-1.74M-3.69M-12.61M-14.29M-12.52M-12.56M
Operating CF Margin %-4.39%-5.01%-3.81%-2.86%-1.05%-0.9%-3.05%-4.63%-3.88%-3.82%
Operating CF Growth %0.01%0.07%0.16%-0.17%0.43%-1.12%-2.42%-0.13%0.12%-0%
Net Income-3.75M-3.27M-2.88M-3.53M-4.77M-3.73M-9.89M-16.98M-14.65M-15.32M
Depreciation & Amortization63.02K54.07K33.38K30.8K155.37K63K127K248K323K332K
Stock-Based Compensation364.02K14.82K115.38K209.76K363.58K229K316K1.86M1.31M869K
Deferred Taxes73.78K17.16K76.82K7.43K2.6K00000
Other Non-Cash Items-64.56K139.6K4.89K212.68K-59.49K-452K5K359K-25K39K
Working Capital Changes-34.58K-86.83K20.43K9.56K2.57M200K-3.16M214K523K1.51M
Change in Receivables000098.15K44K-362K378K471K-118K
Change in Inventory-31.25K7.54K53.23K-375.98K-6.93K-386K-891K-902K582K287K
Change in Payables00002.29M217K236K-167K-212K730K
Cash from Investing+-6.15K-22.88K-8.63K-64.26K-102.23K-4.67M3.79M-891K-713K446K
Capital Expenditures-6.15K-22.88K-8.63K-64.26K-102.23K-223K-533K-891K-480K-71K
CapEx % of Revenue0.01%0.04%0.01%0.06%0.06%0.05%0.13%0.29%0.15%0.02%
Acquisitions----------
Investments----------
Other Investing0000004.33M0-233K-12K
Cash from Financing+5.35M1.4M1.05M5.98M3.06M5.86M30.89M13.58M83K9.19M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-51.23K-47.31K26.18K-2.66K-205.9K171.98K337K2K00
Net Change in Cash----------
Free Cash Flow+-3.36M-3.15M-2.63M-3.13M-1.84M-3.91M-13.14M-15.18M-13M-12.63M
FCF Margin %-4.4%-5.04%-3.82%-2.92%-1.11%-0.96%-3.17%-4.92%-4.03%-3.84%
FCF Growth %0.02%0.06%0.17%-0.19%0.41%-1.12%-2.36%-0.16%0.14%0.03%
FCF per Share-0.73-0.60-0.42-0.27-0.14-0.23-0.46-0.41-0.28-0.25
FCF Conversion (FCF/Net Income)0.89x0.96x0.91x0.87x0.37x0.77x1.25x0.83x0.85x0.82x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-131.83%-109.86%-311.57%-227.28%-158.86%-132.53%-63.83%-65.74%-77.97%-160.7%
Return on Invested Capital (ROIC)------236.64%-402%-545.13%-509.13%-1162.67%
Gross Margin36.27%35.41%25.38%41.86%34.77%65.08%53.04%46.84%40.26%44.09%
Net Margin-491.81%-522.82%-417.15%-329.7%-287.18%-116.96%-243.26%-558.09%-453.76%-465.45%
Debt / Equity----0.09x0.07x0.03x0.02x0.05x0.07x
Interest Coverage-17.78x-20.03x-43.57x-43.34x-202.02x-137.50x-56.87x-70.04x--
FCF Conversion0.89x0.96x0.91x0.87x0.37x0.77x1.25x0.83x0.85x0.82x
Revenue Growth-28.61%-18.01%10.21%55.49%54.64%146.41%1.31%-25.45%4.67%1.92%

Revenue by Geography

202220232024
Other Countries Member1.29M1.51M1.46M
Other Countries Member Growth-17.27%-3.83%
UNITED STATES604K751K870K
UNITED STATES Growth-24.34%15.85%
JAPAN1.13M480K481K
JAPAN Growth--57.52%0.21%
INDIA--413K
INDIA Growth---
CHINA-440K41K
CHINA Growth---90.68%
ISRAEL30K30K30K
ISRAEL Growth-0.00%0.00%
THAILAND30K14K-
THAILAND Growth--53.33%-

Frequently Asked Questions

Growth & Financials

IceCure Medical Ltd (ICCM) reported $3.0M in revenue for fiscal year 2024. This represents a 178% increase from $1.1M in 2014.

IceCure Medical Ltd (ICCM) grew revenue by 1.9% over the past year. Growth has been modest.

IceCure Medical Ltd (ICCM) reported a net loss of $15.3M for fiscal year 2024.

Dividend & Returns

IceCure Medical Ltd (ICCM) has a return on equity (ROE) of -160.7%. Negative ROE indicates the company is unprofitable.

IceCure Medical Ltd (ICCM) had negative free cash flow of $13.8M in fiscal year 2024, likely due to heavy capital investments.

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