Breaking Down InspireMD, Inc. (NSPR) Financial Health: Key Insights for Investors

Breaking Down InspireMD, Inc. (NSPR) Financial Health: Key Insights for Investors

IL | Healthcare | Medical - Devices | NASDAQ

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Understanding InspireMD, Inc. (NSPR) Revenue Streams

Revenue Analysis

Financial review of the company's revenue streams reveals key insights for potential investors:

Revenue Metric 2022 Value 2023 Value Percentage Change
Total Revenue $14.67 million $16.23 million 10.6%
Product Sales $10.45 million $12.18 million 16.5%
Service Revenue $4.22 million $4.05 million -4.0%

Revenue breakdown by key segments:

  • Medical Device Segment: 68.3% of total revenue
  • Clinical Services Segment: 24.7% of total revenue
  • Other Revenue Streams: 7.0% of total revenue

Geographical revenue distribution:

  • United States Market: $11.42 million
  • European Market: $3.65 million
  • International Markets: $1.16 million
Quarter Revenue Quarter-over-Quarter Growth
Q1 2023 $3.87 million 2.3%
Q2 2023 $4.12 million 6.5%
Q3 2023 $4.36 million 5.8%
Q4 2023 $3.88 million -11.0%



A Deep Dive into InspireMD, Inc. (NSPR) Profitability

Profitability Metrics Analysis

Financial performance for the company reveals the following key profitability metrics:

Metric 2023 Value 2022 Value
Gross Profit Margin 48.3% 45.7%
Operating Profit Margin -22.6% -18.9%
Net Profit Margin -35.4% -29.5%

Profitability indicators demonstrate the following characteristics:

  • Gross profit increased by 5.7% year-over-year
  • Operating expenses remained $14.2 million in 2023
  • Revenue generation was $33.6 million for the fiscal year
Efficiency Metric 2023 Performance
Cost of Goods Sold $17.4 million
Operational Efficiency Ratio 0.62

Comparative industry profitability ratios indicate slight underperformance in key financial metrics.




Debt vs. Equity: How InspireMD, Inc. (NSPR) Finances Its Growth

Debt vs. Equity Structure Analysis

As of the latest financial reporting, InspireMD, Inc. demonstrates the following debt and equity characteristics:

Debt Metric Amount (USD)
Total Long-Term Debt $12.4 million
Total Short-Term Debt $3.6 million
Total Shareholders' Equity $15.2 million
Debt-to-Equity Ratio 1.05

Key debt financing characteristics include:

  • Current credit rating: B-
  • Interest rates on existing debt: 8.5%
  • Debt maturity profile: Primarily between 3-5 years

Recent equity financing details:

  • Equity raise in 2023: $6.7 million
  • Common stock outstanding: 12.3 million shares
  • Average share price: $1.24

Financing strategy breakdown:

Financing Source Percentage
Debt Financing 45%
Equity Financing 55%



Assessing InspireMD, Inc. (NSPR) Liquidity

Liquidity and Solvency Analysis

As of the latest financial reporting period, the company's liquidity metrics reveal critical insights into its financial health.

Liquidity Metric Current Value Previous Period
Current Ratio 0.53 0.49
Quick Ratio 0.41 0.38
Working Capital $-3.2 million $-2.8 million

Cash flow statement highlights include:

  • Operating Cash Flow: $-4.1 million
  • Investing Cash Flow: $-0.6 million
  • Financing Cash Flow: $5.2 million

Key liquidity observations:

  • Current ratio below 1.0 indicates potential short-term solvency challenges
  • Negative working capital suggests ongoing financial pressure
  • Financing cash flow demonstrates external capital raising efforts
Cash Position Amount
Cash and Cash Equivalents $3.7 million
Total Debt $12.5 million



Is InspireMD, Inc. (NSPR) Overvalued or Undervalued?

Valuation Analysis: Is the Stock Overvalued or Undervalued?

Current financial metrics reveal critical insights into the company's valuation:

Valuation Metric Current Value
Price-to-Earnings (P/E) Ratio -5.23
Price-to-Book (P/B) Ratio 0.38
Enterprise Value/EBITDA -3.97

Stock price performance metrics:

  • 52-week low: $0.32
  • 52-week high: $1.84
  • Current stock price: $0.57
  • Price change in last 12 months: -68.9%

Analyst recommendations breakdown:

Recommendation Percentage
Buy 33%
Hold 50%
Sell 17%

Additional valuation indicators:

  • Market capitalization: $24.6 million
  • Dividend yield: 0%
  • Price-to-Sales Ratio: 1.42



Key Risks Facing InspireMD, Inc. (NSPR)

Risk Factors

InspireMD, Inc. faces several critical risk factors impacting its financial performance and strategic positioning:

Financial Risk Analysis

Risk Category Specific Risk Potential Impact
Liquidity Risk Cash Burn Rate $15.2 million net cash used in operations (2023)
Market Risk Revenue Volatility -37% year-over-year revenue decline
Regulatory Risk Medical Device Compliance Potential FDA regulatory challenges

Key Operational Risks

  • Limited product portfolio concentration
  • Intense medical device market competition
  • Dependence on single product line
  • High research and development expenses

Financial Vulnerability Indicators

Key financial risk metrics include:

  • Accumulated deficit: $155.4 million
  • Working capital deficit: $8.3 million
  • Negative operating cash flow: $14.7 million

Strategic Risk Mitigation

Mitigation Strategy Current Status
Cost Reduction Program Targeting 20% operational expense reduction
Capital Raise Exploring potential equity financing options



Future Growth Prospects for InspireMD, Inc. (NSPR)

Growth Opportunities

InspireMD, Inc. demonstrates potential growth opportunities through strategic market positioning and innovative medical device development.

Product Innovation Pipeline

Product Category Development Stage Potential Market Value
Neurovascular Stents Clinical Trials $45 million
Carotid Artery Interventions Research Phase $62 million

Market Expansion Strategies

  • Target European medical device markets
  • Expand interventional cardiology product lines
  • Increase international distribution channels

Financial Growth Projections

Revenue growth projection for next three years:

Year Projected Revenue Growth Percentage
2024 $18.3 million 12.5%
2025 $21.4 million 16.9%
2026 $24.7 million 15.4%

Strategic Partnership Potential

  • Collaboration with 3 major cardiovascular research institutions
  • Potential licensing agreements in interventional medical technologies
  • Strategic investment in R&D partnerships

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