Carlsmed, Inc.

CARL

CARLCarlsmed, Inc. US flag

NASDAQ

11.02

USD

-0.48

- -

299.58MMarket Cap

Income Statement (USD)

API ChatGPT

	2023 Y	2024 Y	2025 Y
As of date	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	14	27	51
+ Sales & Services Revenue	14	27	51
- Cost of Revenue	4	7	12
+ Cost of Goods & Services	4	7	12
Gross Profit	10	20	38
+ Other Operating Income	- -	- -	- -
- Operating Expenses	28	44	69
+ Selling, General & Admin	21	30	52
+ Research & Development	7	14	17
+ Other Operating Expense	- -	- -	- -
Operating Income (Loss)	-19	-24	-31
- Non-Operating (Income) Loss	- -	- -	-1
+ Interest Expense, Net	- -	- -	-1
+ Interest Expense	1	1	1
- Interest Income	- -	1	3
+ Other Non-Op (Income) Loss	- -	- -	- -
Pretax Income	-19	-24	-30
- Income Tax Expense (Benefit)	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -
Income (Loss) from Cont Ops	-19	-24	-30
- Net Extraordinary Losses (Gains)	- -	- -	- -
+ Discontinued Operations	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -
Income (Loss) Incl. MI	-19	-24	-30
- Minority Interest	- -	- -	- -
Net Income, GAAP	-19	-24	-30
- Preferred Dividends	- -	1	1
- Other Adjustments	- -	- -	- -
Net Income Avail to Common, GAAP	-19	-25	-30
EBIT	-19	-24	-31
EBITDA	-18	-24	-30
EBITDA Margin (%)	-133.95	-88.26	-59.97
EBITA	-19	-24	-31
Gross Margin (%)	71.88	73.8	75.31
Operating Margin (%)	-134.93	-88.8	-60.53
Profit Margin (%)	-137.16	-89.3	-58.67
Sales per Employee	- -	- -	- -
Dividend per Share	- -	- -	- -
Depreciation Expense	- -	- -	- -
Basic Weighted Avg Shares	4	4	14
Basic EPS, GAAP	-4.25	-6.11	-2.12
Basic EPS from Cont Ops	-4.25	-5.97	-2.08
Diluted Weighted Avg Shares	4	4	14
Diluted EPS, GAAP	-4.25	-6.11	-2.12
Diluted EPS from Cont Ops	-4.25	-5.97	-2.08

Balance Sheet (USD)

API ChatGPT

	2023 Y	2024 Y	2025 Y
As of date	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	12	49	127
+ Cash, Cash Equivalents & STI	7	40	110
+ Cash & Cash Equivalents	7	40	86
+ ST Investments	- -	- -	24
+ Accounts & Notes Receiv	3	7	11
+ Accounts Receivable, Net	3	7	11
+ Notes Receivable, Net	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -
+ Inventories	1	1	2
+ Raw Materials	- -	- -	- -
+ Work In Process	- -	- -	- -
+ Finished Goods	- -	1	2
+ Inventory Adjustments	- -	- -	- -
+ Other Inventory	- -	- -	- -
+ Other ST Assets	1	1	4
+ Misc ST Assets	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -
Total Noncurrent Assets	2	2	3
+ Property, Plant & Equip, Net	2	2	3
+ Property, Plant & Equip	2	2	4
- Accumulated Depreciation	- -	- -	1
+ LT Investments & Receivables	- -	- -	- -
+ LT Investments	- -	- -	- -
+ LT Receivables	- -	- -	- -
+ Other LT Assets	- -	1	- -
+ Total Intangible Assets	- -	- -	- -
+ Goodwill	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -
+ Misc LT Assets	- -	1	- -
Total Assets	14	52	130
+ Payables & Accruals	3	5	8
+ Accounts Payable	2	2	4
+ Accrued Taxes	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -
+ Other Payables & Accruals	1	3	3
+ ST Debt	2	- -	1
+ ST Borrowings	2	- -	- -
+ ST Finance Leases	- -	- -	1
+ Other ST Liabilities	2	3	6
+ Deferred Revenue	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Misc ST Liabilities	2	3	6
Total Current Liabilities	7	9	14
+ LT Debt	9	17	17
+ LT Borrowings	7	15	15
+ LT Finance Leases	2	1	1
+ Other LT Liabilities	43	97	- -
+ Accrued Liabilities	- -	- -	- -
+ Pension Liabilities	- -	- -	- -
+ Deferred Revenue	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -
+ Misc LT Liabilities	43	97	- -
Total Noncurrent Liabilities	53	114	17
Total Liabilities	60	122	31
+ Preferred Equity and Hybrid Capital	- -	- -	- -
+ Share Capital & APIC	1	1	200
+ Common Stock	- -	- -	- -
+ Additional Paid in Capital	1	1	200
- Treasury Stock	- -	- -	- -
+ Retained Earnings	-47	-71	-101
+ Other Equity	- -	- -	- -
Equity Before Minority Interest	-46	-71	99
+ Minority/Non Controlling Interest	- -	- -	- -
Total Equity	-46	-71	99
Total Liabilities & Equity	14	52	130
Shares Outstanding	27	27	27
Number of Employees	- -	- -	- -
Capital Leases - Total	2	2	2
Net Debt	2	-25	-70
Net Debt to Equity	-4.53	34.99	-71.25
Tangible Common Equity Ratio	-328.94	-136.29	75.98
Current Ratio	1.58	5.6	8.87
Cash Conversion Cycle	- -	7.56	12.62

Cash Flow Statement (USD)

API ChatGPT

	2023 Y	2024 Y	2025 Y
As of date	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-19	-24	-30
+ Depreciation & Amortization	- -	- -	- -
+ Non-Cash Items	2	3	5
+ Stock-Based Compensation	- -	- -	2
+ Deferred Income Taxes	- -	- -	- -
+ Asset Impairment Charge	1	1	2
+ Other Non-Cash Adj	1	1	2
+ Chg in Non-Cash Work Cap	-1	-4	-5
+ (Inc) Dec in Accts Receiv	-2	-4	-5
+ (Inc) Dec in Inventories	-1	-2	-3
+ (Inc) Dec in Prepaid Assets	- -	-1	-2
+ Inc (Dec) in Accts Payable	3	3	5
+ Inc (Dec) in Other	-1	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Operating Activities	-17	-25	-29
+ Change in Fixed & Intang	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	-1
+ Acq of Fixed Prod Assets	- -	- -	-1
+ Acq of Intangible Assets	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	93
+ Increase in Capital Stock	- -	- -	93
+ Decrease in Capital Stock	- -	- -	- -
+ Net Change in LT Investment	- -	- -	-24
+ Dec in LT Investment	- -	- -	- -
+ Inc in LT Investment	- -	- -	-24
+ Net Cash From Acq & Div	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -
+ Cash for JVs	- -	- -	- -
+ Other Investing Activities	- -	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Investing Activities	- -	- -	-25
+ Dividends Paid	- -	- -	- -
+ Net Cash From Debt	3	6	- -
+ Cash From Debt	3	6	- -
+ Repayments of Debt	- -	- -	- -
+ Other Financing Activities	- -	52	7
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Financing Activities	3	58	100
Effect of Foreign Exchange Rates	- -	- -	- -
Net Changes in Cash	-14	33	46
EBITDA	-18	-24	-30
EBITDA Margin (%)	-133.95	-88.26	-59.97
Free Cash Flow	-18	-26	-30
Net Cash Paid for Acquisitions	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -
Free Cash Flow to Equity	- -	-20	-30
Free Cash Flow per Basic Share	-3.96	-6.31	-2.08
Price/Free Cash Flow	- -	- -	-6.2
Cash Flow to Net Income	0.92	1.05	0.98
Capital Expenditures	- -	- -	-1