STOCK TITAN

Baird Medical Stock Price, News & Analysis

BDMD NASDAQ

Company Description

Baird Medical Investment Holdings Ltd (NASDAQ: BDMD) is a healthcare company in the medical devices industry that focuses on minimally invasive diagnostics and treatment. The company is closely associated with Microwave Ablation (MWA) technology, a technique used for the minimally invasive treatment of tumors and other lesions. According to available information, Baird Medical has developed proprietary microwave ablation medical devices that are used for the treatment of benign and malignant tumors, including thyroid nodules, liver cancer, lung cancer, and breast lumps, as well as bone lesions.

Microwave ablation is described as a minimally invasive treatment technique that denaturalizes and coagulates the protein of tumor cells using extreme heat generated by microwave energy. The company indicates that microwave ablation treatments have been applied to benign and malignant tumors and that its products are designed to offer a safer, minimally invasive option that is easier to operate, with faster recovery periods and lower complication rates for patients compared with traditional treatment methods.

Core focus on minimally invasive microwave ablation

Baird Medical is repeatedly characterized in its public communications as a market leader in Microwave Ablation (MWA) technology and as a medical device company specializing in minimally invasive diagnostics and treatment. Its MWA systems have been used in procedures for thyroid nodules and liver tumors and have also been applied in bone tumor ablation cases. The company highlights the use of its systems in non-surgical treatment of large thyroid nodules and other tumor types, positioning MWA as an alternative to open surgery.

The company notes that its microwave ablation products are used in the minimally invasive treatment of tumors and that microwave ablation can be applied across different tissues, including thyroid, liver, lung, breast, and bone. This breadth of application is presented as an important aspect of the technology's versatility.

Research, development, and technology orientation

In its own description, Baird Medical states that it is dedicated to the research and development of surgical robotic systems and minimally invasive surgical instruments. It presents its mission as enhancing patient outcomes through precision technology and advanced diagnostic solutions. The company also states that it will foster strategic collaborations with leading academic institutions and that its vision extends beyond surgical assistance toward the development of intelligent systems intended to guide diagnostic decisions and preventive healthcare strategies.

These statements indicate a technology-oriented approach that combines device development for minimally invasive procedures with longer-term ambitions in surgical robotics and intelligent diagnostic support, while remaining anchored in the medical device and healthcare technology space.

Clinical use and institutional footprint

Baird Medical describes itself as an FDA 510(k)-certified medical device company. According to the company, its solutions have been used in over 30 hospitals and clinics in the United States. Institutions mentioned in its public materials include Mayo Clinic, Tulane Medical Center, Columbia University Medical Center, UCSF Medical Center, Weill Cornell Medical Center, The George Washington University Hospital, Johns Hopkins Hospital, and other prominent academic and clinical centers.

The company also reports that it is the market leader in China in thyroid microwave ablation devices and consumables. In addition, it states that its minimally invasive treatment products are gradually expanding their commercial presence in more than 20 countries worldwide. Public announcements reference clinical use and training activities in locations such as Egypt, Bangladesh, Malaysia, Pakistan, Vietnam, and the United States, illustrating the geographic spread of its MWA-related activities and product registrations.

Manufacturing and global expansion

Baird Medical has announced the establishment of a dedicated manufacturing base in the United States, in partnership with MPS Medical, to support its transition from a specialized exporter to what it describes as a comprehensive global medical technology enterprise. This U.S. production hub is intended to supply the company’s proprietary technologies to global markets and to support its commercial footprint across multiple countries.

The company’s communications emphasize a global commercialization strategy for its minimally invasive treatment products, including regulatory approvals and product registrations in several international markets. It has highlighted regulatory milestones in countries such as Pakistan and Vietnam and has reported first procedures and training initiatives in markets including Egypt and Bangladesh, as well as workshops and physician education programs in Malaysia and China.

Educational and collaborative activities

Baird Medical’s public updates describe a strong emphasis on physician education and clinical training in microwave ablation. Examples include company-sponsored advanced MWA training sessions for surgeons and participation in international workshops on thermal ablation of thyroid tumors and related conditions. These activities are presented as part of the company’s effort to accelerate adoption of minimally invasive therapies and to support knowledge exchange among clinicians.

The company also notes that it will foster strategic collaborations with leading academic institutions and that it participates in international academic events and workshops related to thermal ablation and minimally invasive treatments. These collaborations and educational initiatives are positioned as a way to support clinical practice, refine procedural techniques, and promote broader access to MWA-based therapies.

Position within the medical devices and healthcare sector

Within the broader healthcare and medical devices sector, Baird Medical is focused on tumor treatment and minimally invasive interventions using microwave ablation technology. Its activities span device development, regulatory approvals, clinical usage in hospitals and clinics, physician training, and manufacturing arrangements. The company’s statements emphasize its role in thyroid microwave ablation in China and its expanding international presence in multiple regions.

For investors and observers analyzing BDMD stock, the company’s profile is defined by its specialization in microwave ablation medical devices for tumor treatment, its stated leadership in thyroid microwave ablation devices and consumables in China, its FDA 510(k) certification, and its reported use in numerous high-profile medical centers in the United States and other countries. Its ongoing focus on surgical robotics research, minimally invasive instruments, and potential intelligent diagnostic systems adds a technology development dimension to its core medical device business.

Stock Performance

$2.00
-1.48%
0.03
Last updated: March 27, 2026 at 18:19
-65.88%
Performance 1 year
$74.6M

Baird Medical (BDMD) stock last traded at $2.02, down 1.48% from the previous close. Over the past 12 months, the stock has lost 65.9%. At a market capitalization of $74.6M, BDMD is classified as a micro-cap stock with approximately 36.7M shares outstanding.

SEC Filings

Baird Medical has filed 4 recent SEC filings, including 1 Form 3, 1 Form 6-K, 1 Form 424B3, 1 Form EFFECT. The most recent filing was submitted on March 27, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all BDMD SEC filings →

Financial Highlights

Baird Medical generated $37.0M in revenue over the trailing twelve months, retaining a 88.2% gross margin, operating income reached $15.3M (41.3% operating margin), and net income was $12.6M, reflecting a 34.0% net profit margin. Diluted earnings per share stood at $0.49. The company generated -$6.3M in operating cash flow. With a current ratio of 1.77, the balance sheet reflects a strong liquidity position.

$37.0M
Revenue (TTM)
$12.6M
Net Income (TTM)
-$6.3M
Operating Cash Flow

Upcoming Events

Short Interest History

Last 12 Months

Short interest in Baird Medical (BDMD) currently stands at 37.6 thousand shares, down 78.5% from the previous reporting period, representing 0.3% of the float. Over the past 12 months, short interest has increased by 16.6%. This relatively low short interest suggests limited bearish sentiment.

Days to Cover History

Last 12 Months

Days to cover for Baird Medical (BDMD) currently stands at 1.0 days, down 60.9% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 2.6 days.

BDMD Company Profile & Sector Positioning

Baird Medical (BDMD) operates in the Medical Devices industry within the broader Healthcare sector and is listed on the NASDAQ.

Investors comparing BDMD often look at related companies in the same sector, including Icad Inc (ICAD), Inspiremd (NSPR), Apyx Medical Corporation (APYX), Icecure Medical Ltd. (ICCM), and Xtant Medical (XTNT). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate BDMD's relative position within its industry.

Frequently Asked Questions

What is the current stock price of Baird Medical (BDMD)?

The current stock price of Baird Medical (BDMD) is $2.02 as of March 27, 2026.

What is the market cap of Baird Medical (BDMD)?

The market cap of Baird Medical (BDMD) is approximately 74.6M. Learn more about what market capitalization means .

What is the revenue (TTM) of Baird Medical (BDMD) stock?

The trailing twelve months (TTM) revenue of Baird Medical (BDMD) is $37.0M.

What is the net income of Baird Medical (BDMD)?

The trailing twelve months (TTM) net income of Baird Medical (BDMD) is $12.6M.

What is the earnings per share (EPS) of Baird Medical (BDMD)?

The diluted earnings per share (EPS) of Baird Medical (BDMD) is $0.49 on a trailing twelve months (TTM) basis. Learn more about EPS .

What is the operating cash flow of Baird Medical (BDMD)?

The operating cash flow of Baird Medical (BDMD) is -$6.3M. Learn about cash flow.

What is the profit margin of Baird Medical (BDMD)?

The net profit margin of Baird Medical (BDMD) is 34.0%. Learn about profit margins.

What is the operating margin of Baird Medical (BDMD)?

The operating profit margin of Baird Medical (BDMD) is 41.3%. Learn about operating margins.

What is the gross margin of Baird Medical (BDMD)?

The gross profit margin of Baird Medical (BDMD) is 88.2%. Learn about gross margins.

What is the current ratio of Baird Medical (BDMD)?

The current ratio of Baird Medical (BDMD) is 1.77, indicating the company's ability to pay short-term obligations. Learn about liquidity ratios.

What is the gross profit of Baird Medical (BDMD)?

The gross profit of Baird Medical (BDMD) is $32.7M on a trailing twelve months (TTM) basis.

What is the operating income of Baird Medical (BDMD)?

The operating income of Baird Medical (BDMD) is $15.3M. Learn about operating income.

What does Baird Medical Investment Holdings Ltd do?

Baird Medical Investment Holdings Ltd focuses on minimally invasive diagnostics and treatment in the medical devices industry. The company develops and provides microwave ablation medical devices used for treating benign and malignant tumors, including thyroid nodules, liver cancer, lung cancer, breast lumps, and certain bone lesions.

How does Baird Medical’s microwave ablation technology work?

According to the company’s description, microwave ablation is a minimally invasive technique that denaturalizes and coagulates tumor cell proteins using extreme heat generated by microwave energy. This process is applied through proprietary medical devices designed for the treatment of benign and malignant tumors.

What medical conditions are treated with Baird Medical’s devices?

Baird Medical reports that its microwave ablation devices are used for minimally invasive treatment of benign and malignant tumors, including thyroid nodules, liver cancer, lung cancer, breast lumps, and bone lesions. The company also highlights their use in non-surgical treatment of large thyroid nodules and liver tumors in clinical practice.

How does microwave ablation compare with traditional surgery?

The company states that its microwave ablation products are intended to be safer, minimally invasive, and easier to operate, with faster recovery periods and lower complication rates for patients compared with traditional treatment methods. These claims are presented as part of the rationale for using microwave ablation as an alternative to open surgery in appropriate cases.

In which markets does Baird Medical operate?

Baird Medical reports that it is the market leader in China in thyroid microwave ablation devices and consumables and that its minimally invasive treatment products are expanding their commercial presence in more than 20 countries worldwide. Public announcements reference activities and procedures in regions such as the United States, Egypt, Bangladesh, Malaysia, Pakistan, and Vietnam.

What is Baird Medical’s presence in the United States?

The company describes itself as an FDA 510(k)-certified medical device company and states that its solutions have been used in over 30 hospitals and clinics across the United States. Institutions mentioned include Mayo Clinic, Johns Hopkins Hospital, UCSF Medical Center, Tulane Medical Center, Weill Cornell Medicine, Columbia University Medical Center, and The George Washington University Hospital.

Does Baird Medical engage in research and development beyond ablation devices?

Yes. Baird Medical states that it is dedicated to the research and development of surgical robotic systems and minimally invasive surgical instruments. It also describes a vision of developing intelligent systems that can help guide diagnostic decisions and preventive healthcare strategies, in addition to its current focus on microwave ablation devices.

How is Baird Medical expanding its manufacturing capabilities?

The company has announced the establishment of a dedicated manufacturing base in the United States through a partnership with MPS Medical. This facility is intended to serve as a centralized production hub to supply Baird Medical’s proprietary technologies to global markets and support its international commercial footprint.

What role does physician training play in Baird Medical’s strategy?

Baird Medical’s public communications highlight multiple training initiatives, including advanced microwave ablation training sessions and participation in international workshops on thyroid microwave ablation and thermal ablation. These programs are presented as ways to support physician education, refine procedural skills, and encourage broader adoption of minimally invasive therapies.

Is Baird Medical considered a market leader in any specific segment?

In its own materials, Baird Medical describes itself as a market leader in microwave ablation technology and specifically as the market leader in China in thyroid microwave ablation devices and consumables. It also refers to itself as a global leader in minimally invasive microwave ablation technology in several public announcements.