VYCOOTCSurgical & Medical Instruments & ApparatusUS GAAP · USD

Vycor Medical Inc

Vycor Medical Inc. is a U.S.-based medical device company focused on neurosurgical access systems and non-invasive vision rehabilitation therapies. Its business is organized around two operating units: Vycor Medical, which designs and markets the ViewSite Brain Access System for brain and spine procedures, and NovaVision, which offers computer-based therapy for patients with vision disorders caused by neurological injury.

Liikevaihto1,9milj. USD
+17,2 %v/v
Liikevoitto (EBIT)0,0milj. USD
+470,7 %v/v
EBIT-marginaali1,8%
+2,4 %-yks.v/v
Nettotulos−0,1milj. USD
+32,4 %v/v
Vapaa kassavirta−0,0milj. USD
−134,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1012milj. USD2020: 1,1 milj. USD2020: EBIT −0,73 milj. USD20202021: 1,4 milj. USD2021: EBIT −0,44 milj. USD20212022: 1,2 milj. USD2022: EBIT −0,31 milj. USD20222023: 1,5 milj. USD2023: EBIT 0,04 milj. USD20232024: 1,6 milj. USD2024: EBIT −0,01 milj. USD20242025: 1,9 milj. USD2025: EBIT 0,03 milj. USD20251,90,03
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Neurosurgical access devices75 %

Brain and spine surgery access and retraction systems, including VBAS.

Vision rehabilitation therapies25 %

Computer-based therapies for patients with vision disorders after brain injury.

Asiakkaat

Vycor sells primarily to hospitals and surgical users that need specialized tools for neurosurgery, especially brain and spine procedures. NovaVision serves patients with neurological vision impairment through providers, distributors, and potential digital-health partners that can reach end users efficiently. The company also targets international markets where its products are cleared or distributed through local channels.

Hospitals and surgical centers

Buy VBAS and related neurosurgical tools for brain and spine procedures because they need specialized access systems.

Neurosurgeons and operating teams

Use the access and retraction systems in procedures where precision and minimally invasive access matter.

Vision rehabilitation patients

Use NovaVision therapies for vision loss caused by stroke or other brain injury.

Healthcare distributors and partners

Help commercialize NovaVision and expand international access to Vycor products.

Strategia

Vycor’s strategy centers on expanding revenue through deeper U.S. penetration, broader international distribution, and continued product development around its neurosurgical platform. The company also seeks to add complementary products and pursue partnerships or alternatives for NovaVision to extend reach without building a large direct sales force.

Expand U.S. market penetrationLyhyt aikaväli

The domestic hospital market is the core commercial base for VBAS and related products.

Grow international distributionKeskipitkä aikaväli

International markets diversify revenue and can scale the neurosurgical platform beyond the U.S.

Partner or monetize NovaVisionKeskipitkä aikaväli

Partnerships can extend reach for a niche therapy platform without heavy direct commercialization spend.

Broaden the product portfolioPitkä aikaväli

Complementary products can increase wallet share and leverage the existing distribution network.

Maantiede

Q1/2026

Vycor is headquartered in the United States and manufactures its products and raw materials domestically. Most sales are to U.S. hospitals, but the company also exports to Canada, Japan, the UK, and the EU, making international market access an important part of the business. Regulatory approvals such as FDA 510(k) clearance and CE Marking support sales across multiple regions.

USA99 %
Europe0,6 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Vycor depends on a small number of specialized products and on hospital purchasing cycles, so adoption or reimbursement delays can affect growth. Its international business is exposed to regulatory approvals, trade tariffs, and channel execution, while NovaVision’s commercialization depends on finding effective partners or strategic alternatives. As a medical device company, it also faces product development, clinical adoption, and quality/regulatory risks that can slow market expansion.

Järjestetty vakavuuden mukaan
Dependence on VBAS and a narrow product baseKorkea

A large share of the business is tied to one neurosurgical access system, so adoption changes can move revenue materially.

Kohdistuu: Neurosurgical device sales

Partner dependence for NovaVisionKorkea

NovaVision’s reach relies on third parties with direct access to end users or digital-health capability.

Kohdistuu: Distribution and licensing

Regulatory and quality complianceKorkea

Medical devices require ongoing certification, clearance, and quality-system compliance to sell and maintain market access.

KohdistuuFDACE MarkingISO 13485
International trade and tariff exposureKeskitaso

The company exports to Canada, Japan, the UK and the EU, so retaliatory tariffs or trade friction could reduce international demand.

Kohdistuu: Export markets

Supply chain and raw material disruptionKeskitaso

Although products are manufactured in the U.S., raw material prices and supply availability can still be affected by global trade conditions.

Kohdistuu: Manufacturing inputs

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition on product sales

Small shipment timing changes can materially affect quarterly revenue in a low-volume business.

Vaikutus: Reported sales and gross profit

Customer credits and write-offs

Historic customer credits were written off in prior periods, showing that recoverability and adjustments can affect other income.

Vaikutus: Other income and net results

Discontinued operations

Residual wind-down costs from discontinued operations can continue even after revenue stops.

Vaikutus: Below-the-line operating results

Estimates and judgments

Management must estimate amounts that are not directly observable, which can materially change reported figures.

Vaikutus: Assets, liabilities, revenue, and expenses

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Vycor Medical Inc (OTC) – Surgical & Medical Instruments & Apparat | Analyysi – Clarifo