Positron Financials
This page shows Positron (POSC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 looks like a balance-sheet reset funded by new capital, while the core business still sells below cost.
The move from negative equity in FY2024 to$1.4M of equity in FY2025 can look like an operating recovery, but the cash-flow pattern says otherwise. Financing cash of$7.3M more than covered operating cash burn of-$4.7M , so the stronger balance sheet came from outside funding even as the underlying economics worsened.
In FY2024, inventory exceeded annual revenue: inventory was
The company is also overhead-heavy: SG&A reached
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Positron's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Positron has an operating margin of -2275.1%, meaning the company retains $-2275 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -375.3% the prior year.
Positron's revenue declined 21.5% year-over-year, from $588K to $461K. This contraction results in a growth score of 0/100.
Positron carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Positron's current ratio of 1.39 is below the typical benchmark, resulting in a score of 23/100. However, the company holds substantial cash reserves (105% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Positron generates a -734.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
Positron passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Positron generates $0.44 in operating cash flow (-$4.7M OCF vs -$10.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Positron earns $-83.8 in operating income for every $1 of interest expense (-$10.5M vs $125K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Positron generated $461K in revenue in fiscal year 2025. This represents a decrease of 21.5% from the prior year.
Positron's EBITDA was -$10.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 379.7% from the prior year.
Positron reported -$10.6M in net income in fiscal year 2025. This represents a decrease of 345.7% from the prior year.
Positron earned $-0.34 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 277.8% from the prior year.
Cash & Balance Sheet
Positron held $2.5M in cash against $154K in long-term debt as of fiscal year 2025.
Positron had 33M shares outstanding in fiscal year 2025. This represents an increase of 20.1% from the prior year.
Margins & Returns
Positron's gross margin was -458.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 400.0 percentage points from the prior year.
Positron's operating margin was -2275.1% in fiscal year 2025, reflecting core business profitability. This is down 1899.8 percentage points from the prior year.
Positron's net profit margin was -2297.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1892.9 percentage points from the prior year.
Positron's ROE was -734.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
POSC Income Statement
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 | Q3'15 | Q2'15 | Q1'15 | Q4'14 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $111K | N/A | $119K | N/A | $304K-7.3% | $328K-5.2% | $346K+33.6% | $259K |
| Cost of Revenue | $638K | N/A | $377K | N/A | $197K+3.7% | $190K-9.5% | $210K | N/A |
| Gross Profit | -$527K | N/A | -$258K | N/A | $107K-22.5% | $138K+1.5% | $136K+403.7% | $27K |
| R&D Expenses | N/A | N/A | N/A | N/A | $2K-60.0% | $5K-95.8% | $120K | N/A |
| SG&A Expenses | $838K | N/A | $1.2M | N/A | $255K-23.2% | $332K-34.3% | $505K | N/A |
| Operating Income | -$1.4M | N/A | -$1.5M | N/A | -$170K+23.8% | -$223K+58.0% | -$531K | N/A |
| Interest Expense | $23K | N/A | $35K | N/A | $141K-0.7% | $142K+4.4% | $136K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | $0 | $0 | $0 | N/A |
| Net Income | -$1.4M | N/A | -$1.5M | N/A | -$255K+32.0% | -$375K+32.3% | -$554K-744.2% | $86K |
| EPS (Diluted) | $-0.04 | N/A | $-0.05 | N/A | N/A | N/A | N/A | N/A |
POSC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 | Q3'15 | Q2'15 | Q1'15 | Q4'14 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.8M-30.2% | $4.0M | N/A | $1.8M+18.5% | $1.5M-7.4% | $1.6M-2.6% | $1.7M-9.8% | $1.9M |
| Current Assets | $2.2M-35.6% | $3.3M | N/A | $1.4M+163.1% | $514K-14.8% | $603K+1.2% | $596K-18.4% | $730K |
| Cash & Equivalents | $1.4M-44.2% | $2.5M | N/A | $70K+149.3% | $28K-68.5% | $89K+12.7% | $79K-62.0% | $208K |
| Inventory | $680K0.0% | $680K | N/A | $1.3M+297.7% | $316K-1.6% | $321K-2.7% | $330K0.0% | $330K |
| Accounts Receivable | N/A | $8K | N/A | $17K-88.7% | $147K-13.5% | $170K+3.7% | $164K-6.3% | $175K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Total Liabilities | $2.6M+3.0% | $2.6M | N/A | $2.5M-20.8% | $3.1M+4.5% | $3.0M+12.6% | $2.6M-2.5% | $2.7M |
| Current Liabilities | $2.5M+3.5% | $2.4M | N/A | $2.4M-21.6% | $3.1M+4.5% | $3.0M+12.9% | $2.6M-2.5% | $2.7M |
| Long-Term Debt | $146K-4.7% | $154K | N/A | $24K | N/A | N/A | $1.0M-4.0% | $1.1M |
| Total Equity | $161K-88.9% | $1.4M-57.2% | $3.4M+614.0% | -$657K+58.5% | -$1.6M-19.2% | -$1.3M-39.3% | -$953K-13.9% | -$837K |
| Retained Earnings | -$146.3M-1.0% | -$144.9M | N/A | -$134.3M-5.6% | -$127.2M-0.2% | -$126.9M-200.3% | $126.6M+200.4% | -$126.0M |
POSC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 | Q3'15 | Q2'15 | Q1'15 | Q4'14 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$789K | N/A | -$1.4M | N/A | -$48K+70.2% | -$161K+52.1% | -$336K+36.8% | -$532K |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0 | $0 | $0-100.0% | $1K |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$48K+70.2% | -$161K+52.1% | -$336K+37.0% | -$533K |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$325K | N/A | $5.3M | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $2.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
POSC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 | Q3'15 | Q2'15 | Q1'15 | Q4'14 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -474.6% | N/A | -215.9% | N/A | 35.2%-6.9pp | 42.1%+2.8pp | 39.3%+28.9pp | 10.4% |
| Operating Margin | -1229.7% | N/A | -1238.1% | N/A | -55.9%+12.1pp | -68.0%+85.5pp | -153.5% | N/A |
| Net Margin | -1241.2% | N/A | -1267.4% | N/A | -83.9%+30.4pp | -114.3%+45.8pp | -160.1%-193.3pp | 33.2% |
| Return on Equity | -858.1% | N/A | -44.8% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -49.4% | N/A | N/A | N/A | -16.8%+6.1pp | -22.8%+10.0pp | -32.9%-37.5pp | 4.6% |
| Current Ratio | 0.87-0.5 | 1.39 | N/A | 0.56+0.4 | 0.17-0.0 | 0.20-0.0 | 0.23-0.0 | 0.27 |
| Debt-to-Equity | 0.91+0.8 | 0.11 | N/A | -0.04+1.9 | -1.96+0.3 | -2.24-1.2 | -1.08+0.2 | -1.28 |
| FCF Margin | N/A | N/A | N/A | N/A | -15.8%+33.3pp | -49.1%+48.0pp | -97.1%+108.7pp | -205.8% |
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Frequently Asked Questions
What is Positron's annual revenue?
Positron (POSC) reported $461K in total revenue for fiscal year 2025. This represents a -21.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Positron's revenue growing?
Positron (POSC) revenue declined by 21.5% year-over-year, from $588K to $461K in fiscal year 2025.
Is Positron profitable?
No, Positron (POSC) reported a net income of -$10.6M in fiscal year 2025, with a net profit margin of -2297.8%.
What is Positron's EBITDA?
Positron (POSC) had EBITDA of -$10.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Positron have?
As of fiscal year 2025, Positron (POSC) had $2.5M in cash and equivalents against $154K in long-term debt.
What is Positron's gross margin?
Positron (POSC) had a gross margin of -458.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Positron's operating margin?
Positron (POSC) had an operating margin of -2275.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Positron's net profit margin?
Positron (POSC) had a net profit margin of -2297.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Positron's return on equity (ROE)?
Positron (POSC) has a return on equity of -734.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Positron's operating cash flow?
Positron (POSC) generated -$4.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Positron's total assets?
Positron (POSC) had $4.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Positron's current ratio?
Positron (POSC) had a current ratio of 1.39 as of fiscal year 2025, which is considered adequate.
What is Positron's debt-to-equity ratio?
Positron (POSC) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Positron's return on assets (ROA)?
Positron (POSC) had a return on assets of -265.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Positron's cash runway?
Based on fiscal year 2025 data, Positron (POSC) had $2.5M in cash against an annual operating cash burn of $4.7M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Positron's Piotroski F-Score?
Positron (POSC) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Positron's earnings high quality?
Positron (POSC) has an earnings quality ratio of 0.44x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Positron cover its interest payments?
Positron (POSC) has an interest coverage ratio of -83.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Positron?
Positron (POSC) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.