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ENDRA Life Sciences (NDRA) AI Stock Analysis

NDRA

ENDRA Life Sciences

(NASDAQ:NDRA)

Select Model
Rating:51Neutral
Price Target:$5.00â–²(0.00% Upside)
Action:reiterated
Date:10/02/26

The score is primarily held down by very weak financial performance (no revenue, ongoing losses, and significant cash burn) and the limited usefulness of valuation metrics with a negative P/E. Partially offsetting this, technicals show an improving uptrend with neutral-to-positive momentum, while corporate events are mixed—greater deal/financing flexibility but continued Nasdaq monitoring risk.

Positive Factors
Low LeverageModest leverage reduces near-term solvency pressure and limits interest obligations while ENDRA develops its imaging platform. A relatively light debt burden preserves more flexibility to allocate future capital toward clinical progress, commercialization, and operating needs.
Negative Factors
No Revenue TractionPersistent zero revenue shows that ENDRA has not yet demonstrated commercial adoption of its TAEUS platform. Without product sales or recurring customer revenue, the company remains dependent on future regulatory and market execution to convert development work into a sustainable operating model.

ENDRA Life Sciences (NDRA) vs. SPDR S&P 500 ETF (SPY)

-40%-30%-20%-10%0%10%20%30%NDRA-7.69%SPY+12.58%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
$7.12M
Dividend Yield
―
Average Volume (3M)
31.16K
Price to Earnings (P/E)
-0.8
Beta (1Y)
1.81
Revenue Growth
―
EPS Growth
98.17%
Country
US
Employees
10
Sector
Healthcare
Sector Strength
51
Industry
Medical - Diagnostics & Research

ENDRA Life Sciences Business Overview & Revenue Model

Company Description

ENDRA Life Sciences Inc. specializes in advancing the capabilities of clinical diagnostic ultrasound. The company's primary development is thermo-acoustic enhanced ultrasound technology, which operates by emitting sound waves that echo off internal b...

How the Company Makes Money

ENDRA’s revenue model is based primarily on commercializing its imaging technology and related products/services. Key expected/targeted revenue streams include: (1) System sales (capital equipment): selling TAEUS-based imaging systems to hospitals, i...

ENDRA Life Sciences Earnings Call Summary

Earnings Call Date:Aug 21, 2024(Q2-2024)|% Change Since:-67.91%|Next Earnings Date:May 14, 2025
Earnings Call SentimentNeutral

The earnings call presented several strategic initiatives aimed at improving ENDRA's focus and operational efficiency, alongside positive developments in management, regulatory strategy, and intellectual property. However, financial challenges and stock performance issues remain concerns.

Positive Updates

Enhanced Management Team
ENDRA has strengthened its management team by adding two experienced operators: Richard Jacroux as CFO and Ziad Rouag as Head of Clinical and Regulatory Affairs, both bringing significant expertise in transforming technology companies and navigating regulatory processes.

Negative Updates

Reverse Stock Split Challenges
The reverse stock split intended to maintain NASDAQ listing was derailed by high volume of exercised warrants, resulting in trading below $1, creating uncertainty for the company's stock performance.

Company Guidance

During the ENDRA Life Sciences Q2 2024 earnings call, significant guidance was provided by the management team, outlining various strategic initiatives. Notably, the company has completed a 1-for-50 reverse stock split aimed at maintaining its NASDAQ listing, though recent high warrant exercise volumes have impacted their stock price adversely. Six key operational changes were introduced, including the enhancement of the management team with the addition of a seasoned CFO and a new Head of Clinical and Regulatory Affairs. The company plans to conduct a statistically-powered multicenter prospective clinical trial, expanding the number of subjects from 20 to 250. The financial update revealed a $7.3 million net raise from a public offering, with operating expenses reduced by 26% on an annual basis. ENDRA's goal is to complete clinical work and submit a de novo application to the FDA by mid-2025, with the current cash runway projected to fund the company into the first half of 2025. The management reiterated their confidence in ENDRA's technology and market potential, highlighting ongoing efforts to formalize a long-term business strategy and improve financial execution.

ENDRA Life Sciences Financial Statement Overview

Summary

Fundamentals remain highly speculative: revenue is consistently $0 while losses and cash burn are substantial (TTM net loss ~-$5.9M; operating cash flow ~-$4.8M; free cash flow ~-$7.8M). Balance-sheet leverage is modest (low debt), but equity volatility and deeply negative returns reflect ongoing funding risk despite narrowing losses.

Income Statement

8Very Negative

Balance Sheet

46Neutral

Cash Flow

12Very Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue000000
Gross Profit-39.72K00000
EBITDA-7.40M-6.87M-11.30M-9.78M-12.92M-11.01M
Net Income-5.92M-7.03M-11.51M-10.06M-13.18M-11.23M
Balance Sheet
Total Assets7.94M3.85M4.45M6.75M9.27M12.87M
Cash, Cash Equivalents and Short-Term Investments1.74M762.37K3.23M2.83M4.89M9.46M
Total Debt429.27K492.35K754.14K394.40K546.63K796.09K
Total Liabilities1.63M1.59M1.89M1.10M2.07M2.09M
Stockholders Equity6.31M2.26M2.56M5.66M7.20M10.78M
Cash Flow
Free Cash Flow-7.84M-5.20M-7.42M-9.58M-12.97M-11.17M
Operating Cash Flow-4.82M-5.18M-7.40M-9.55M-12.77M-11.12M
Investing Cash Flow-332.89K-3.02M-12.80K-24.72K-202.58K-45.00K
Financing Cash Flow8.89M5.73M7.81M7.52M8.40M13.40M

ENDRA Life Sciences Technical Analysis

Technical Analysis SentimentNegative
Last Price5.00

Price Trends

50DMA5.43Negative
100DMA5.14Negative
200DMA4.80Negative

Market Momentum

MACD-0.22Positive
RSI42.03Neutral
STOCH61.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NDRA, the sentiment is Negative. The current price of 5.00 is below the 20-day moving average (MA) of 5.11, below the 50-day MA of 5.43, and above the 200-day MA of 4.80, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 42.03 is Neutral, neither overbought nor oversold. The STOCH value of 61.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NDRA.

ENDRA Life Sciences Risk Analysis

ENDRA Life Sciences disclosed 46 risk factors in its most recent earnings report. ENDRA Life Sciences 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

ENDRA Life Sciences Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

NDRA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
NDRANDRA51Neutral$7.12M-0.75-224.80%――98.17%
BNBXBNBX47Neutral$573.24K-0.00-337.10%―-27.39%99.29%
ISPCISPC41Neutral$2.08M-0.02-524.37%―-92.11%86.78%
INBSINBS31Underperform$5.84M-0.19-170.36%―38.09%54.22%

* Healthcare Sector Average

Performance Comparison

-50%0%50%100%NDRABNBXINBSISPCBGLCDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
NDRA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
NDRAEndra Life Sciences4.80-0.19-3.81%
BNBXBnb Plus Corp.0.09-3.32-97.45%
INBSIntelligent Bio Solutions Inc.1.66-6.77-80.31%
ISPCIspecimen Inc0.83-25.21-96.80%
BGLCBionexus Gene Lab Corporation1.00-4.31-81.09%

ENDRA Life Sciences Corporate Events

Business Operations and StrategyM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance

ENDRA Life Sciences Amends Merger Agreement and Warrants

Positive
Oct 1, 2026

On October 1, 2026, ENDRA Life Sciences and its merger partners executed a first amendment to their June 25, 2026 merger agreement, revising governance, financing and closing conditions for the planned combination. The amendment removes the requireme...

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 02, 2026