Pulse Biosciences, Inc. Financial Ratios — PLSE Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-17.45	-46.84	-67.16	-62.34	-83.46	-119.82	-133.26	-88.56	-61.61	-55.93	-64.12
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	-38.79	-1,606.29	- -	- -	-54
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	-4,363.05	-8,100.29	- -	- -	-21,676.57
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	-4,443.86	-8,293.86	- -	- -	-21,982.57
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2,069	- -	- -
Pretax Margin (%)	- -	- -	- -	- -	- -	- -	- -	-4,489.42	-8,357.86	- -	- -	-20,794.57
Profit Margin (%)	- -	- -	- -	- -	- -	- -	- -	-4,489.42	-8,357.86	- -	- -	-20,794.57
Net Income to Common Margin (%)	- -	- -	- -	- -	- -	- -	- -	-4,489.42	-8,357.86	- -	- -	-20,794.57
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	- -	- -	- -	- -	7	11	11	76	9	9	8
ST Debt	- -	- -	- -	- -	- -	- -	1	1	2	1	1	2
LT Debt	- -	- -	- -	- -	- -	7	11	10	74	8	8	6
Total Debt/EBITDA	- -	- -	- -	- -	- -	-0.14	-0.23	-0.18	-1.34	-0.22	-0.16	-0.1
Net Debt/EBITDA	- -	0.96	0.24	0.14	1.39	0.15	0.26	0.46	-0.08	1.05	2.14	1.06
Total Debt/EBIT	- -	- -	- -	- -	- -	-0.14	-0.23	-0.18	-1.31	-0.21	-0.16	-0.1
Net Debt/EBIT	- -	0.81	0.22	0.13	1.35	0.14	0.25	0.45	-0.08	1.02	2.1	1.05
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-1.5	-21.5	-47.86	-76.59	-107.16	-292.66	-417.78	-435.35	-378.38	-569.46	-294.76	-489.97
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	21.86	47.24	28.13	- -	18.23	6.57	7.39
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	-5.79	-6.71	-4.46	-33.9	-2.47	-1.98	-1.31
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	16.03	26.19	18.51	95.21	13.67	5.69	6.3
Total Debt/Equity (%)	- -	- -	- -	- -	- -	21.86	49.6	31.52	-3,378.87	20.61	7.75	9.34
Total Debt/Capital (%)	- -	- -	- -	- -	- -	-5.79	-7.05	-5	-34.73	-2.79	-2.33	-1.65
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	16.03	27.5	20.74	97.53	15.46	6.72	7.96
Net Debt to Equity	-43.6	-26.39	-8.26	-7.36	-77.04	-22.45	-54.44	-78.95	-212.54	-100.01	-102.77	-100.1
Net Debt/Capital (%)	96.3	53.93	14.23	8.15	40.3	5.62	7.18	11.11	-1.71	11.92	23.63	15.05
EBITDA	- -	-4	-9	-25	-37	-47	-49	-62	-57	-42	-55	-76
EBITDA-CapEx	- -	-4	-9	-27	-37	-47	-49	-62	-57	-42	-55	-76
Operating Income (Loss)	- -	-4	-10	-26	-38	-48	-50	-63	-58	-44	-56	-77

Liquidity (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	42.53	5.46	16.14	17.2	19.17	5.7	2.7	3.36	10.22	6.61	11.74	10.19
Current Ratio	42.66	6.06	16.4	17.39	19.42	5.92	2.95	4.3	10.39	6.76	11.88	10.53
Quick Ratio	42.53	5.46	16.14	17.2	19.17	5.7	2.7	3.37	10.22	6.61	11.74	10.22
CFO/Avg Current Liab	- -	-8.04	-9.61	-6.87	-8.98	-9.04	-5.87	-6.72	-6.48	-5.21	-4.34	-6.02
Common Equity/Total Assets	-1.5	-21.5	-47.86	-76.59	-107.16	-292.66	-417.78	-435.35	-378.38	-569.46	-294.76	-489.97
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	21.86	47.24	28.13	- -	18.23	6.57	7.39
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	-5.79	-6.71	-4.46	-33.9	-2.47	-1.98	-1.31
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	16.03	26.19	18.51	95.21	13.67	5.69	6.3
Total Debt/Equity (%)	- -	- -	- -	- -	- -	21.86	49.6	31.52	-3,378.87	20.61	7.75	9.34
Total Debt/Capital (%)	- -	- -	- -	- -	- -	-5.79	-7.05	-5	-34.73	-2.79	-2.33	-1.65
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	16.03	27.5	20.74	97.53	15.46	6.72	7.96
CFO/Total Liabilities	- -	-502.58	-792.42	-289.78	-554.95	-305.82	-192.21	-291.49	-58.67	-223.34	-206.52	-389.84
CFO/CapEx	- -	-38.57	-125.8	-4.35	-86.58	-56.23	-80.19	-123.79	-117.24	-273.07	-290.74	-161.56
Altman's Z-Score	1.09	-3.48	41.18	53.22	25.14	6.4	7.17	3.18	-6.67	14.24	29.98	31.09

Working Capital (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	46.49	22.95	- -	- -	2.55
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	7.85	15.9	- -	- -	142.87
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	0.68	4.1	- -	- -	7.93
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	540.08	88.99	- -	- -	46.05
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	3.37	2.73	- -	- -	0.3
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	108.23	133.51	- -	- -	1,203.15
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	439.7	-28.61	- -	- -	-1,014.23
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	-532.23	-73.09	- -	- -	96.82
Inventories	- -	- -	- -	- -	- -	- -	- -	6	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	73	354	199	283	564	421	96	609	1,017	925
- Cash & Cash Equivalents	7	4	2	3	51	7	12	29	61	44	118	81
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	7	11	11	76	9	9	8
Enterprise Value	-7	-4	56	316	139	264	555	404	110	574	908	852
Total Capital	- -	-3	-13	-38	-76	-116	-161	-225	-219	-328	-382	-456
Total Debt/Capital (%)	- -	- -	- -	- -	- -	-5.79	-7.05	-5	-34.73	-2.79	-2.33	-1.65
Total Debt / EV	- -	- -	- -	- -	- -	0.03	0.02	0.03	0.69	0.02	0.01	0.01
EV/Sales	- -	- -	- -	- -	- -	- -	- -	284.77	157.73	- -	- -	2,434.67
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	73	354	199	283	564	421	96	609	1,017	925
Diluted Enterprise Value	-7	-4	71	351	148	283	563	404	110	574	908	852
EV per Share	- -	- -	5.04	21.06	8.03	12.52	23.47	14.2	3.2	11.53	15.54	12.64
TTM Sales	- -	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -
TTM EBITDA	- -	-4	-9	-25	-37	-47	-49	-62	-57	-42	-55	-76
TTM Operating Income	- -	-4	-10	-26	-38	-48	-50	-63	-58	-44	-56	-77
TTM Cash Flow to Firm	- -	-3	-8	-11	-24	-34	-35	-54	-47	-33	-36	-54
TTM Free Cash Flow to Firm	- -	-3	-8	-9	-24	-34	-35	-54	-47	-33	-36	-54

Multiples (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	-9.11	-41.48	-8.43	-8.43	-16.15	-7.85	-2.05	-18.49	-28.07	-17.2
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-7	-4	56	316	139	264	555	404	110	574	908	852
Low Price	- -	- -	4.03	5.82	8.6	10.6	5.11	14.11	1.18	2.36	6.6	12.56
EV/Sales	- -	- -	- -	- -	- -	- -	- -	284.77	157.73	- -	- -	2,434.67
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-6.18	-12.84	-7.18	-6.34	-5.47	-10.06	-2.14	-6.65	-14.59	-15.4
Price/Earnings High	- -	- -	-7.96	-23.18	-11.5	-8.88	-11.86	-20.47	-9.07	-16.05	-24.73	-23.15
Price/Earnings Low	- -	- -	-4.74	-3.42	-3.98	-4.76	-2.42	-6.3	-0.7	-2.78	-7.19	-11.63
Price/Book Value	- -	- -	-5.78	-9.28	-2.63	-2.31	-3.27	-1.78	-0.32	-1.81	-2.6	-2
Price/Book Value Average	- -	- -	-4.67	-8.61	-3.56	-2.43	-1.58	-2.71	-0.42	-0.83	-2	-2.42
Price/Book Value High	- -	- -	-6.02	-15.53	-5.71	-3.4	-3.43	-5.52	-1.8	-2.01	-3.39	-3.64
Price/Book Value Low	- -	- -	-3.58	-2.29	-1.97	-1.82	-0.7	-1.7	-0.14	-0.35	-0.99	-1.83
Price/Tangible Book Value	- -	- -	4.56	9.49	3.41	12.09	34.78	14.19	-12.59	15.34	9.17	11.97
Price/Tangible Book Value Average	- -	- -	3.69	8.8	4.62	12.73	16.81	21.57	-16.46	7.07	7.05	14.5
Price/Tangible Book Value High	- -	- -	4.75	15.88	7.4	17.83	36.44	43.9	-69.93	17.07	11.95	21.8
Price/Tangible Book Value Low	- -	- -	2.83	2.34	2.56	9.56	7.45	13.52	-5.37	2.96	3.48	10.95
Price/Sales	- -	- -	- -	- -	- -	- -	- -	297.02	136.56	- -	- -	2,643.82
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	451.54	178.48	- -	- -	3,201.83
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	918.92	758.24	- -	- -	4,813.95
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	282.98	58.17	- -	- -	2,418.53
Price/Cash Flow	- -	- -	-9.04	-31.94	-8.33	-8.28	-15.95	-7.79	-2.03	-18.43	-27.98	-17.1
Price/Cash Flow Average	- -	- -	-7.31	-29.62	-11.29	-8.72	-7.71	-11.84	-2.66	-8.5	-21.51	-20.71
Price/Cash Flow High	- -	- -	-9.41	-53.46	-18.08	-12.2	-16.71	-24.09	-11.29	-20.5	-36.46	-31.13
Price/Cash Flow Low	- -	- -	-5.6	-7.88	-6.25	-6.54	-3.42	-7.42	-0.87	-3.55	-10.61	-15.64
Price/Free Cash Flow Average	- -	- -	-7.37	-38.47	-11.42	-8.87	-7.81	-11.93	-2.68	-8.53	-21.59	-20.83
Price/Free Cash Flow High	- -	- -	-9.49	-69.43	-18.29	-12.42	-16.92	-24.28	-11.39	-20.58	-36.59	-31.33
Price/Free Cash Flow Low	- -	- -	-5.65	-10.23	-6.32	-6.66	-3.46	-7.48	-0.87	-3.57	-10.64	-15.74
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	439.29	199.65	- -	- -	2,992.67
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	906.68	779.41	- -	- -	4,604.8
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	270.73	79.34	- -	- -	2,209.37
EV/EBITDA Average	- -	0.96	-6.43	-13.1	-5.97	-6.36	-5.56	-10.07	-2.46	-5.79	-12.21	-13.81
EV/EBITDA High	- -	0.96	-8.35	-23.75	-10.39	-8.91	-12.07	-20.78	-9.62	-15.16	-22.08	-21.24
EV/EBITDA Low	- -	0.96	-4.87	-3.38	-2.68	-4.78	-2.45	-6.21	-0.98	-1.94	-5.02	-10.19
EV/EBIT Average	- -	0.81	-5.92	-12.59	-5.76	-6.21	-5.43	-9.89	-2.41	-5.63	-11.96	-13.61
EV/EBIT High	- -	0.81	-7.69	-22.83	-10.03	-8.69	-11.81	-20.4	-9.4	-14.74	-21.61	-20.95
EV/EBIT Low	- -	0.81	-4.49	-3.25	-2.59	-4.66	-2.4	-6.09	-0.96	-1.89	-4.91	-10.05
Last Price	- -	- -	6.5	23.6	11.46	13.41	23.86	14.81	2.77	12.24	17.41	13.73
High Price	- -	- -	6.77	39.5	24.87	19.77	25	45.82	15.38	13.62	22.69	25
Enterprise Value Average	-7	-4	57	325	219	298	272	623	140	245	673	1,047
Enterprise Value High	-7	-4	74	589	381	417	590	1,286	546	642	1,216	1,612
Enterprise Value Low	-7	-4	43	84	98	223	120	384	56	82	276	773

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	13	13	14	17	21	21	26	30	38	56	66	68
Diluted Weighted Avg Shares	- -	8	11	15	17	21	24	28	35	50	58	67
Basic Weighted Avg Shares	- -	8	11	15	17	21	24	28	35	50	58	67
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	0.05	0.02	- -	- -	0.01
EBITDA per Share	- -	-0.49	-0.79	-1.65	-2.11	-2.22	-2.07	-2.18	-1.64	-0.85	-0.94	-1.13
Operating Income per Share	- -	-0.58	-0.86	-1.72	-2.19	-2.27	-2.11	-2.22	-1.68	-0.88	-0.96	-1.14
Basic EPS, GAAP	- -	-0.37	-0.85	-1.7	-2.16	-2.23	-2.11	-2.24	-1.7	-0.85	-0.92	-1.08
Basic EPS from Cont Ops	- -	-0.37	-0.85	-1.7	-2.16	-2.23	-2.11	-2.24	-1.7	-0.85	-0.92	-1.08
Diluted EPS, GAAP	- -	-0.37	-0.85	-1.7	-2.16	-2.23	-2.11	-2.24	-1.7	-0.85	-0.92	-1.08
Diluted EPS from Cont Ops	- -	-0.37	-0.85	-1.7	-2.16	-2.23	-2.11	-2.24	-1.7	-0.85	-0.92	-1.08
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	-0.43	-0.72	-0.74	-1.38	-1.62	-1.5	-1.9	-1.36	-0.66	-0.62	-0.8
Free Cash Flow per Basic Share	- -	-0.44	-0.72	-0.91	-1.39	-1.65	-1.51	-1.92	-1.37	-0.67	-0.62	-0.81
Cash & Equivalents per Share	- -	0.47	1.46	2.54	3.43	1.2	0.87	1.01	1.77	0.89	2.02	1.2
Book Value per Share	- -	-0.4	-1.12	-2.54	-4.36	-5.81	-7.3	-8.3	-8.54	-6.77	-6.69	-6.87
Tangible Book Value per Share	- -	0.48	1.43	2.49	3.36	1.11	0.69	1.04	-0.22	0.8	1.9	1.15

Pulse Biosciences, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)