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NASDAQ · SERVICES-MEDICAL LABORATORIES · SMALL CAP

Aclarion, Inc. ACON

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$75,730
▲ 65.6% YoY
$-7.2M
$-7.2M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The Company is addressing the chronic low back pain market by initially focusing on improving the outcomes of surgical interventions to treat chronic discogenic low back pain, with the technology intended to assist surgeons in determining the optimal surgical procedure for a patient undergoing surgery for pain isolated to their lumbar spine. Aclarion has developed proprietary signal processing software that transforms spectroscopy data into clear biomarkers, which are exclusively licensed from the Regents of University of California, San Francisco ("UCSF"), and are the key data inputs for Aclarion's proprietary algorithms that, when applied, determine if an intervertebral disc is consistent with pain. As of December 31, 2025, Aclarion's patent portfolio includes 28 U.S. Patents, 24 Foreign Patents, 7 pending U.S. patent applications, and 12 pending Foreign patent applications, including patents and patent applications exclusively licensed from the Regents of the University of California. Aclarion has developed a software application called NOCISCAN, which uses the existing MRS capabilities of many commercially available scanners to non-invasively analyze the chemical makeup of intervertebral discs in the spine. The NIH included Aclarion's technology as one of the technologies selected to participate in its $150 million Back Pain Consortium (BACPAC) Research Program, a translational, patient-centered effort to address the need for effective and personalized therapies for chronic low back pain.

Written from the business description in Aclarion, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 March 2026. Every sentence was checked against that document before publication.

Growth

USD 75,730.00
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.1 · Net income -7.2
-3M-6M
202120242025
Compound annual growth
+7.8%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2025 · Operating -9312.5%
-5000%-10000%
202120232025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.

Each USD of equity lost 105 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -7.2
-3M-6M
202120232025

Total assetsUSD 13.7M
EquityUSD 12.8M
CashUSD 12.0M
Current ratio14.81×

Equity funds 94% of total assets.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ACON, 5-year financial record
Metric 20252024202320222021
Revenue $B0.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0◌◌
EPS, diluted $−13.61−7478.90−79782.00−19.61−6.58
Dividend / sh $◌◌◌◌◌
Payout % — not applicable: no dividend—————
ROE %−104.8————
Shares out B0.000.000.000.010.00

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 25 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 14 checks were skipped: EPS is not tagged before 2021. 14 checks were skipped: revenue is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Medical Laboratories
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2021

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