Aclarion Inc (OQ:ACON)
Business Focus: Biotechnology & Medical Research
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| Company Contact | |
| Address: | 8181 Arista Place, Ste 100 BROOMFIELD CO 80021 |
| Tel: | N/A |
| Website: | https://aclarion.com |
| IR: | See website |
| Key People | ||
| Jeff Thramann Executive Chairman of the Board | Brent Ness President, Chief Executive Officer, Director | John Lorbiecki Chief Financial Officer | Ryan Bond Chief Strategy Officer |
| Business Overview |
| Aclarion, Inc. is a healthcare technology company. The Company leverages magnetic resonance spectroscopy (MRS), and proprietary biomarkers to optimize clinical treatments. It has developed a software application called NOCISCAN. The product uses the existing MRS capabilities of many commercially available scanners to non-invasively analyze the chemical makeup of intervertebral discs in the spine. The software post-processes the MRS exam data and detects the presence of chemical biomarkers that the Company has demonstrated to be associated with degenerative pain and structural integrity of the lumbar discs. It uses a magnet to apply a pulsed magnetic field to a patient, sensors to detect radio waves that emanate from the resonant vibrations of different chemicals in the body in response to that pulsed magnetic field and a computer to create detailed images of tissue structures in the patient based on those detected chemical signals. |
| Financial Overview |
| For the three months ended 31 March 2024, Aclarion Inc revenues decreased 60% to $10K. Net loss increased from $1.2M to $2.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Interest expense increase from $1K to $336K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$2.39 to -$0.44. |
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