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Firefly Neuroscience (AIFF) AI Stock Analysis

AIFF

Firefly Neuroscience

(NASDAQ:AIFF)

Select Model
Rating:44Neutral
Price Target:$1.00â–¼(-0.10% Downside)
Action:reiterated
Date:10/24/26

Firefly Neuroscience's low overall score is primarily driven by deeply negative profitability, high operational cash burn, and strong bearish technical indicators. While the company benefits from a highly liquid, debt-free balance sheet and has made recent positive capital structure adjustments, its risk profile remains elevated until revenue scaling can outpace cash consumption.

Positive Factors
Revenue growth with positive gross marginImproving revenue and a positive gross margin indicate that Firefly’s software and analytics offering is generating commercial traction. If growth continues, gross profit can provide a foundation for operating leverage, although the company must still scale materially to cover its cost base.
Negative Factors
Deeply negative profitabilityFirefly remains far from break-even, with expenses vastly exceeding its current revenue base and a deeply negative net margin. Persistent operating losses weaken earnings quality and make future performance dependent on substantial revenue scaling or a significant reduction in expenses.

Firefly Neuroscience (AIFF) vs. SPDR S&P 500 ETF (SPY)

-75%-50%-25%0%25%50%75%100%AIFF-40.12%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
$15.69M
Dividend Yield
―
Average Volume (3M)
2.68M
Price to Earnings (P/E)
-1.6
Beta (1Y)
1.57
Revenue Growth
320.33%
EPS Growth
79.09%
Country
US
Employees
17
Sector
Technology
Sector Strength
61
Industry
Software - Application

Firefly Neuroscience Business Overview & Revenue Model

Company Description

Based in Toronto, Canada, Firefly Neuroscience, Inc. is a medical technology and artificial intelligence firm specializing in developing neuroscientific solutions. The company's primary goal is to enhance patient outcomes for individuals affected by...

Firefly Neuroscience Financial Statement Overview

Summary

Despite strong top-line revenue momentum and a pristine, debt-free balance sheet with robust equity, severe net losses and heavy operational cash burn severely weigh down the overall financial profile.

Income Statement

30Negative

Balance Sheet

85Very Positive

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.80M1.14M108.00K498.00K032.00K
Gross Profit802.00K645.00K41.00K498.00K032.00K
EBITDA-8.87M-19.55M-10.32M-2.58M-3.20M-3.82M
Net Income-9.11M-19.88M-10.46M-2.60M-3.79M-4.38M
Balance Sheet
Total Assets16.77M10.48M4.60M2.64M135.00K953.00K
Cash, Cash Equivalents and Short-Term Investments9.23M2.75M1.81M2.14M58.00K653.00K
Total Debt00694.00K001.79M
Total Liabilities2.10M2.84M4.98M2.53M2.25M3.97M
Stockholders Equity14.66M7.64M-375.00K109.00K-2.11M-3.01M
Cash Flow
Free Cash Flow-7.20M-8.32M-6.57M-2.56M-2.89M-3.82M
Operating Cash Flow-6.99M-8.19M-6.16M-2.17M-2.89M-3.82M
Investing Cash Flow-209.00K-2.49M-477.00K-386.00K262.00K1.60M
Financing Cash Flow10.51M11.62M6.30M4.64M2.04M2.04M

Firefly Neuroscience Technical Analysis

Technical Analysis SentimentNegative
Last Price1.00

Price Trends

50DMA1.16Negative
100DMA1.19Negative
200DMA1.37Negative

Market Momentum

MACD-0.06Positive
RSI42.80Neutral
STOCH59.01Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIFF, the sentiment is Negative. The current price of 1.00 is below the 20-day moving average (MA) of 1.08, below the 50-day MA of 1.16, and below the 200-day MA of 1.37, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 42.80 is Neutral, neither overbought nor oversold. The STOCH value of 59.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AIFF.

Firefly Neuroscience Risk Analysis

Firefly Neuroscience disclosed 73 risk factors in its most recent earnings report. Firefly Neuroscience reported the most risks in the "Finance & Corporate" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Firefly Neuroscience Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AIFF against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
IRTCIRTC60Neutral$4.07B-286.91-8.97%―25.58%85.38%
NMTCNMTC54Neutral$8.44M-1.01-126.45%―-1.67%7.34%
AIFFAIFF44Neutral$15.69M-1.57-90.17%―320.33%79.09%
CGTXCGTX39Underperform$66.39M-3.64-50.17%――70.27%

* Technology Sector Average

Performance Comparison

-50%0%50%AIFFIRTCNMTCCGTXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AIFF and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AIFFFirefly Neuroscience, Inc.1.00-0.83-45.36%
IRTCIrhythm Technologies123.37-61.63-33.31%
NMTCNeuroone Medical Technologies Corporation0.93-3.66-79.78%
CGTXCognition Therapeutics, Inc.0.70-0.94-57.44%

Firefly Neuroscience Corporate Events

Executive/Board Changes

Firefly Neuroscience Reshapes Finance and Accounting Leadership

Neutral
Sep 14, 2026

On September 8, 2026, Firefly Neuroscience’s board of directors terminated Chief Financial Officer Paul Krzywicki, effective September 24, 2026, with the company stating the decision did not stem from disagreements over operations, policies or...

Business Operations and StrategyShareholder Meetings

Firefly Neuroscience Expands Incentive Plan, Tightens Capital Structure

Positive
Aug 7, 2026

On August 5, 2026, Firefly Neuroscience stockholders approved an amendment to the 2024 Long-Term Incentive Plan, adding 2,000,000 shares to the pool available for equity awards and updating the plan’s evergreen share replenishment feature. This...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 24, 2026