CRVWOTCRadio & Tv Broadcasting & Communications EquipmentUS GAAP · USD

CareView Communications Inc

CareView Communications Inc. develops and sells patient monitoring and safety systems for hospitals and other healthcare facilities, with a business centered on video, audio, sensor, and software-enabled monitoring. Its core platform, CareView Patient Safety System, is used to reduce patient falls, lower sitter costs, and support remote observation by clinical staff. The company also offers CareView Connect for long-term care settings, extending its sensor-based monitoring approach to nursing care, assisted living, home care, and independent living. CareView operates with both subscription-style contracts and a newer sales-based model that bills hardware upfront and then charges installation and annual software fees.

Revenue9.0m USD
+9.3 %y/y
Operating profit (EBIT)-0.1m USD
+96.5 %y/y
EBIT margin-0.6%
+18.5 ppy/y
Net income-3.2m USD
+31.9 %y/y
Free cash flow0.8m USD
+379.7 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-2.50.02.55.07.510.0m USD2020: EBIT -1.9 m USD20202021: 7.8 m USD2021: EBIT -1.1 m USD20212022: 7.9 m USD2022: EBIT -1.3 m USD20222023: 9.7 m USD2023: EBIT -0.69 m USD20232024: 8.3 m USD2024: EBIT -1.6 m USD20242025: 9.0 m USD2025: EBIT -0.06 m USD20259.0-0.06
RevenueOperating profit (EBIT)

Business

Share of revenue
Hospital patient safety monitoring55 %

Video, audio, and sensor-based systems used in acute-care hospitals to monitor patients and reduce falls and sitter usage.

Long-term care monitoring15 %

CareView Connect solutions tailored to nursing care, assisted living, home care, and independent living facilities.

Software licensing and recurring services20 %

Annual software fees, recurring monitoring, and support services recognized over time under customer contracts.

Hardware sales and installation10 %

Upfront sale of proprietary equipment plus installation, training, and go-live services under the sales-based model.

Products

Reported · share of revenue
44.3%43.5%12.2%FY2025100 %
  • Sales Based Software Bundle44.3 %
  • Subscription Based Lease43.5 %
  • Sales Based Equipment Package12.2 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

CareView sells primarily to healthcare facilities that need continuous patient observation and workflow support, especially hospitals facing staffing shortages and high sitter costs. Under its subscription model, customers pay a monthly fee for selected installed services, while the newer sales-based model appeals to facilities that prefer to purchase equipment upfront and capitalize the investment. The company also works with healthcare groups through master agreements that roll down to individual facility-level contracts. In long-term care, CareView Connect is aimed at operators that want resident monitoring and quality-of-life analytics across nursing care, assisted living, home care, and independent living. Family members can also be indirect users of the platform through mobile alerts and remote awareness features.

Acute-care hospitals

Buy video monitoring, audio communication, and sensor-based safety systems to reduce falls, improve observation, and lower sitter expense.

Healthcare systems and group purchasing organizations

Enter master or purchasing agreements that standardize deployment across multiple facilities and support broader rollouts.

Long-term care facilities

Buy CareView Connect to monitor residents and support nursing, assisted living, home care, and independent living operations.

Clinical staff and care teams

Use the platform operationally to observe patients remotely, communicate via two-way video, and respond to alerts.

Family members and loved ones

Use mobile alerts and notifications for remote awareness of resident or patient status, especially in long-term care.

Strategy

CareView’s strategy is to expand adoption of its patient safety platform by aligning contract structures with how hospitals prefer to buy, including both subscription and sales-based models. The company is emphasizing recurring annual software revenue while also using upfront hardware sales to improve cash collection and replenish liquidity faster. It is also broadening the addressable market by adapting the platform for long-term care through CareView Connect and by adding family-facing and analytics features. Given its going-concern pressure, management is also focused on cost control, inventory discipline, debt modifications, capital raising, and new business partnerships to sustain operations.

Expand sales-based contractingShort term

Upfront hardware billing improves near-term cash flow and better matches hospital purchasing preferences.

Increase recurring software revenueMedium term

Recurring annual software fees provide more predictable revenue than one-time equipment sales.

Broaden use cases into long-term careMedium term

CareView Connect extends the platform into adjacent healthcare settings and widens the customer base.

Preserve liquidity and secure financingShort term

The company has a working capital deficit and substantial doubt about going concern without additional funding.

Geography

CareView is a U.S.-based business and the disclosures provided describe installations in more than 150 hospitals across the country. The company’s revenue and customer base are tied to domestic healthcare facilities rather than a broad international footprint. Its operating exposure is therefore concentrated in the U.S. hospital and long-term care markets, where reimbursement dynamics, staffing shortages, and facility capital budgets influence adoption. The company also relies on U.S.-based contracting structures such as master agreements, facility-level agreements, and group purchasing arrangements. No country-level revenue split was disclosed in the provided excerpts.

Risks

CareView faces substantial liquidity and going-concern risk because it has reported accumulated deficits, working capital deficits, and dependence on external financing to continue operations. Its revenue model mixes subscription and sales-based contracts, so timing of hardware shipments, installations, and annual software recognition can create quarter-to-quarter volatility. Demand is tied to hospital budgets, staffing conditions, and adoption of remote monitoring technology, which can slow if customers delay capital spending or contract renewals. The company also depends on proprietary technology and patent protection, so competitive imitation or intellectual property disputes could weaken its position. More generally, healthcare technology vendors face implementation risk, customer concentration risk, and the possibility that product performance or integration issues reduce adoption.

Sorted by severity
Going-concern and financing dependenceCritical

Management disclosed substantial doubt about the company’s ability to continue without additional funding.

ExposureWorking capital deficitDebt payablesOperating cash needs
Revenue timing and contract mix volatilityHigh

The company uses both subscription and sales-based models, which recognize revenue at different times.

Exposure: Quarterly revenue comparability and cash flow timing

Customer adoption and budget riskMedium

Hospitals and care facilities may delay purchases if capital budgets tighten or staffing priorities change.

Exposure: Healthcare facility purchasing cycles

Intellectual property and competitive riskMedium

The business relies on patented technology and proprietary monitoring workflows.

Exposure: Patent portfolio and product differentiation

Accounting

Judgemental items
Revenue recognition under mixed contract models

Subscription fees are recognized over time, while sales-based contracts include point-in-time hardware billing and separate service/license recognition.

Impact: Affects revenue timing, gross margin mix, and quarterly comparability

Going-concern basis

Management disclosed substantial doubt about continuing operations without additional funding.

Impact: Affects financial statement presentation and investor assessment of solvency

Accrued interest and debt payables

Working capital deficits are driven primarily by notes payable and accrued interest.

Impact: Affects liabilities, liquidity analysis, and potential restructuring outcomes

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

CareView Communications Inc (OTC) – Radio & Tv Broadcasting & Communications | Financial Analysis – Clarifo