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InspireMD
(NASDAQ:NSPR)
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Rating:44Neutral
Price Target:
$0.60
▼(-34.78% Downside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by very weak financial performance—deep operating losses, heavy cash burn, and slowing TTM revenue—alongside a clear technical downtrend with bearish momentum. Offsetting factors include a low-leverage balance sheet, upcoming regulatory catalysts and cost-reduction plans discussed on the earnings call, and financing support from amended warrants, but these positives are tempered by liquidity sensitivity and Nasdaq compliance risk.
Positive Factors
Low leverage
Low leverage provides financial flexibility relative to the company’s substantial operating losses. With limited debt obligations, InspireMD faces less interest and refinancing pressure, preserving more capacity to direct future funding toward regulatory submissions, product development, and commercialization.
Negative Factors
Severe operating losses
Losses remain exceptionally large relative to revenue, showing that the current business has not reached an economically sustainable scale. Unless revenue expands materially or expenses decline, continued losses will consume equity, constrain investment choices, and keep profitability dependent on future execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Low leverage provides financial flexibility relative to the company’s substantial operating losses. With limited debt obligations, InspireMD faces less interest and refinancing pressure, preserving more capacity to direct future funding toward regulatory submissions, product development, and commercialization.
Read all positive factors
InspireMD Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down where the company earns sales across countries and regions, showing which markets drive current revenue. For a small medical-device firm like InspireMD, geographic concentration highlights dependence on a few markets, distributors, or regulatory approvals, while expansion into new regions points to commercial traction and growth potential. Also signals exposure to currency moves, local reimbursement and healthcare funding, and where future upside or downside is most likely to occur.
Breaks down where the company earns sales across countries and regions, showing which markets drive current revenue. For a small medical-device firm like InspireMD, geographic concentration highlights dependence on a few markets, distributors, or regulatory approvals, while expansion into new regions points to commercial traction and growth potential. Also signals exposure to currency moves, local reimbursement and healthcare funding, and where future upside or downside is most likely to occur.
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The Fly
The FlyInspireMD (NSPR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$28.94M
Dividend YieldN/A
Average Volume (3M)57.99K
Price to Earnings (P/E)―
Beta (1Y)-0.09
Revenue Growth53.42%
EPS Growth22.08%
CountryUS
Employees127
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-0.50
Shares Outstanding46,489,117
10 Day Avg. Volume81,565
30 Day Avg. Volume57,989
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)2.37
Price to Sales (P/S)14.56
P/FCF Ratio-3.56
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue2.94
Enterprise Value/Gross Profit16.29
Enterprise Value/Ebitda-0.84
Forecast
1Y Price Target
$3.33Price Target Upside262.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.61
Revenue Forecast (FY)$10.38M
InspireMD Business Overview & Revenue Model
Company Description
InspireMD, Inc., an Israel-based medical technology company established in 2005, specializes in creating and commercializing advanced medical devices. Its core expertise lies in the proprietary MicroNet stent platform technology, engineered to add...
InspireMD Earnings Call Summary
Earnings Call Date:Aug 17, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Neutral
The call presented a mix of encouraging operational and regulatory progress (21% international revenue growth, constructive FDA interactions, multiple potential approvals, enrollment in a pivotal SwitchGuard study, and planned annualized cost savings of ~$9 million) alongside significant near‑term challenges (voluntary recall driving $734k in customer credits and a $612k inventory impairment, a swing to negative GAAP gross margin, a wider net loss of $14.3M, and a substantial cash decline from $54.2M to $30.4M). Management articulated a clear remediation and relaunch plan and emphasized underlying demand, but financial impacts and regulatory timing risk keep the outlook balanced between opportunity and near‑term execution/liquidity challenges.Positive Updates
Stable Total Revenue Year‑over‑Year
Total revenue of $1.8 million in Q2 2026 was essentially unchanged versus Q2 2025 (flat YoY), despite a temporary U.S. commercial pause due to the voluntary recall.
Negative Updates
Voluntary Recall Impacted Reported Results
Voluntary recall of CGuard Prime 135 delivery system led to U.S. commercial pause (less than one month of U.S. sales in Q2), a $734,000 customer credit booked in Q2 and a $612,000 inventory impairment for product no longer commercially viable, which materially impacted reported revenue and gross margin.
Read all updates
Q2-2026 Updates
Positive
Negative
Stable Total Revenue Year‑over‑Year
Total revenue of $1.8 million in Q2 2026 was essentially unchanged versus Q2 2025 (flat YoY), despite a temporary U.S. commercial pause due to the voluntary recall.
Read all positive updates
Company Guidance
Management provided multi‑pronged guidance focused on regulatory and commercial milestones: potential FDA decisions in Q4 2026 for CGuard Prime 80 (TCAR) and the original CGuard CAS platform, targeted market re‑entry for the redesigned CGuard Prime 135 in H1 2027 (possible earlier approval), and a SwitchGuard pivotal program aiming toward a H2 2027 U.S. approval/launch; if approvals occur, the company expects to address roughly 75,000 annual U.S. stenting procedures and says Prime 80 would roughly double its addressable market. Financial and operational metrics/guidance included Q2 FY2026 results of total revenue $1.8M (international revenue $2.1M, +21% YoY), a Q2 gross loss of $0.8M (‑43.7% of revenue) driven by a $734k customer credit and $612k inventory impairment (adjusted non‑GAAP gross profit $0.6M), operating expenses $13.7M, net loss $14.3M (‑$0.17/share), cash & marketable securities $30.4M (6/30/26), a ~20% workforce reduction expected to save ~$9M annually with a Q3 restructuring charge of $0.9–1.2M, and most cost savings expected to be realized by Q4 2026.InspireMD Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.84M | 8.98M | 7.01M | 6.21M | 5.17M | 4.50M |
| Gross Profit | 1.96M | 2.65M | 1.51M | 1.81M | 1.12M | 754.00K |
| EBITDA | -37.88M | -48.25M | -31.67M | -19.62M | -18.27M | -14.55M |
| Net Income | -38.50M | -48.79M | -32.01M | -19.92M | -18.49M | -14.92M |
Balance Sheet | ||||||
| Total Assets | 44.64M | 69.40M | 46.81M | 47.64M | 24.65M | 39.71M |
| Cash, Cash Equivalents and Short-Term Investments | 30.42M | 54.21M | 34.64M | 39.02M | 17.80M | 34.04M |
| Total Debt | 1.97M | 3.29M | 2.34M | 1.59M | 1.61M | 1.20M |
| Total Liabilities | 13.13M | 14.20M | 10.72M | 8.14M | 7.26M | 6.18M |
| Stockholders Equity | 31.51M | 55.20M | 36.09M | 39.50M | 17.39M | 33.53M |
Cash Flow | ||||||
| Free Cash Flow | -42.46M | -36.77M | -23.27M | -16.76M | -16.02M | -13.55M |
| Operating Cash Flow | -41.21M | -35.10M | -21.87M | -16.38M | -15.54M | -13.21M |
| Investing Cash Flow | -8.15M | -30.56M | 12.64M | -16.09M | 8.44M | -22.46M |
| Financing Cash Flow | 52.93M | 55.57M | 18.45M | 37.53M | -140.00K | 35.03M |
InspireMD Technical Analysis
Negative
0.92
Price Trends
0.78
Negative
0.80
Negative
1.21
Negative
Market Momentum
-0.05
Positive
25.29
Positive
16.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NSPR, the sentiment is Negative. The current price of 0.92 is above the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.78, and below the 200-day MA of 1.21, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 25.29 is Positive, neither overbought nor oversold. The STOCH value of 16.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NSPR.
InspireMD Risk Analysis
InspireMD disclosed 46 risk factors in its most recent earnings report. InspireMD reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
InspireMD Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $255.61M | -70.87 | -2.70% | ― | -2.50% | 93.57% | |
52 Neutral | $110.95M | -3.51 | -191.05% | ― | ― | 19.38% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
45 Neutral | $107.42M | -12.34 | -78.70% | ― | 25.59% | 55.35% | |
44 Neutral | $28.94M | -1.25 | -79.21% | ― | 53.42% | 22.08% | |
44 Neutral | $47.85M | -4.14 | -23.45% | ― | -14.27% | -132.84% |
* Healthcare Sector Average
NSPR
InspireMD
0.62
-1.88
-75.12%
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VANI
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XTNT
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0.34
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InspireMD Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
InspireMD Amends Warrants to Support CGuard Prime Launch
Positive
Sep 21, 2026
On September 21, 2026, InspireMD amended certain Series J and Series K warrants originally issued in a May 2023 private placement, covering roughly 4.8 million Series J and 9.5 million Series K underlying shares held by participating investors, in...
Business Operations and StrategyExecutive/Board Changes
InspireMD Eliminates Chief Commercial Officer Position
Negative
Jul 29, 2026
On July 23, 2026, InspireMD, Inc. notified Chief Commercial Officer Shane Gleason that his position had been eliminated. His employment with the company is scheduled to end on July 31, 2026.The removal of the CCO role marks a notable change in Ins...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
InspireMD Receives Nasdaq Notice on Bid Price Compliance
Negative
Jul 23, 2026
On July 17, 2026, InspireMD, Inc. disclosed that it received a notice from Nasdaq stating its shares no longer meet the minimum $1.00 bid price requirement, after trading below that threshold for 30 consecutive business days ending July 16, 2026. ...
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.