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MARKETS / NASDAQ / ACON
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
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
-2.5M-5.0M20212022202320242025
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
−9561 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -9312.5% · Net -9560.7%
-5000%-10000%-15000%20212022202320242025
ROE
FY2025 · ROE -104.8%
-2000%-4000%20212022202320242025

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
-2.5M-5.0M20212022202320242025

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
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 %·····
ROE %−104.8−5777.8−655.7··
Shares out B0.000.000.000.000.00

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

Provenance
Company facts, as filed
How we verify · 0 failures in 25 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 70 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 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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