Estados financieros detallados de Aclarion, Inc. (ACON): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Aclarion, Inc. registró ingresos de $75730 en el último ejercicio fiscal, con un CAGR de 5 años del 9.3%.
Márgenes de los últimos 12 meses: margen bruto -51.0%, margen operativo -115.9%, margen neto -109.8%.
Al precio actual de $2.55, ACON presenta beneficios negativos (P/E no significativo) y un ROE del -59.34%. La capitalización bursátil es de $1M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $26897 | $48652 | $60292 | $60444 | $75404 | $45724 | $75730 |
| Coste de Ventas | $63180 | $66245 | $69175 | $65298 | $75728 | $129767 | $296308 |
| Beneficio Bruto | -$36283 | -$17593 | -$8883 | -$4854 | -$324 | -$84043 | -$220578 |
| I+D | $1.7M | $1.1M | $787850 | $1.1M | $873336 | $888767 | $1.03T |
| Generales y Administrativos | $2.2M | $1.4M | $2.2M | $4.5M | $4.0M | $4.6M | $6.03T |
| Gastos Operativos | $4.0M | $4.5M | $2.9M | $5.6M | $4.9M | $5.4M | $6.8M |
| Beneficio Operativo | -$4.0M | -$4.5M | -$3.0M | -$5.6M | -$4.9M | -$5.5M | -$7.1M |
| EBITDA | -$3.8M | -$4.3M | -$4.3M | -$5.4M | -$4.1M | -$6.3M | -$7.0M |
| Gastos por Intereses | $4995 | $156059 | $476479 | $1.5M | $608288 | $535470 | 0 |
| Beneficio Antes de Impuestos | -$4.0M | -$4.6M | -$5.0M | -$7.1M | -$4.9M | -$7.0M | -$7.2M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$4.0M | -$4.6M | -$5.0M | -$7.1M | -$4.9M | -$7.0M | -$7.2M |
| BPA | $-97680.00 | $-110583.00 | $-120035.00 | $-177396.00 | $-79782.00 | $-7480.22 | $-13.61 |
| BPA Diluido | $-97680.00 | $-110583.00 | $-120035.00 | $-177396.00 | $-79782.00 | $-7480.22 | $-13.61 |
| Acciones en Circulación (Diluidas) | $50 | $50 | $50 | $42 | $62 | $943 | $532036 |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $18942 | $18479 | $21140 | $25208 |
| Beneficio Bruto | $4386 | $1791 | -$57159 | $8297 |
| Beneficio Operativo | -$1.8M | -$2.0M | -$3.0M | -$2.9M |
| EBITDA | -$1.6M | -$1.8M | -$2.8M | -$2.7M |
| Beneficio Neto | -$1.7M | -$1.9M | -$2.9M | -$2.7M |
| BPA | $-2.93 | $-2.21 | $-1.34 | $-1.12 |
| BPA Diluido | $-2.93 | $-2.21 | $-1.34 | $-1.12 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $128165 | $14984 | $432530 | $1.5M | $1.0M | $453661 | $12.0M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $14695 | $22502 | $6280 | $18653 | $13424 | $18326 | $29680 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $218510 | $97129 | $732204 | $1.7M | $1.3M | $824279 | $12.4M |
| Inmovilizado Material | $48509 | $25617 | $12636 | $3346 | $1782 | $5499 | $24169 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $1.2M | $1.2M | $1.1M | $1.2M | $1.2M | $1.3M | $1.3M |
| Activos Totales | $1.4M | $1.3M | $1.9M | $2.9M | $2.5M | $2.1M | $13.7M |
| Cuentas por Pagar | $501033 | $859526 | $1.1M | $457558 | $760535 | $531603 | $324470 |
| Deuda a Corto | $515553 | $2.4M | $2.0M | 0 | $1.1M | 0 | 0 |
| Pasivos Corrientes | $3.1M | $8.4M | $7.6M | $688671 | $3.2M | $1.2M | $837287 |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $3.1M | $8.4M | $7.6M | $688671 | $3.2M | $1.2M | $837287 |
| Reservas | -$20.4M | -$25.9M | -$31.9M | -$39.4M | -$44.3M | -$51.3M | -$58.5M |
| Patrimonio Neto | -$1.7M | -$7.1M | -$5.7M | $2.2M | -$727995 | $970057 | $12.8M |
| Deuda Total | $515553 | $2.4M | $2.0M | 0 | $1.1M | 0 | 0 |
| Deuda Neta | $387388 | $2.4M | $1.6M | -$1.5M | $104655 | -$453661 | -$12.0M |
| Capital Circulante | -$2.9M | -$8.3M | -$6.9M | $1.0M | -$1.9M | -$329147 | $11.6M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $11.3M | $12.0M | $19.0M | $16.3M |
| Activos Totales | $13.2M | $13.7M | $20.6M | $18.0M |
| Pasivos Totales | $699747 | $837287 | $986208 | $1.0M |
| Patrimonio Neto | $12.5M | $12.8M | $19.7M | $17.0M |
| Deuda Total | 0 | 0 | 0 | 0 |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$4.0M | -$4.6M | -$5.0M | -$7.1M | -$4.9M | -$7.0M | -$7.2M |
| Amortizaciones | $178209 | $196282 | $189373 | $143621 | $162671 | $193138 | $227406 |
| Compensación en Acciones | $28042 | $26132 | $177489 | $1.3M | $456001 | $287455 | $105368 |
| Cambio en Capital Circulante | -$358226 | $539903 | $676287 | -$616095 | $622872 | -$564244 | -$357902 |
| Flujo de Caja Operativo | -$4.2M | -$1.8M | -$2.3M | -$4.9M | -$3.6M | -$5.3M | -$7.2M |
| Inversiones (CapEx) | -$267215 | -$179026 | -$1 | -$208870 | -$119522 | -$321937 | -$21526 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$1.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$4.4M | -$2.0M | -$2.3M | -$5.2M | -$3.8M | -$5.6M | -$7.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.2M | -$1.6M | -$2.6M | -$2.7M |
| Inversiones (CapEx) | -$7318 | -$41461 | $5 | $49345 |
| Flujo de Caja Libre | -$1.2M | -$1.7M | -$2.6M | -$2.6M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $16746 | $4365 | $4694 | $102117 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +80.9% | +23.9% | +0.3% | +24.8% | -39.4% | +65.6% |
| Crecimiento Beneficio Neto (anual) | | -15.3% | -6.8% | -42.8% | +30.5% | -42.4% | -3.4% |
| Crecimiento BPA (anual) | | -13.2% | -8.5% | -47.8% | +55.0% | +90.6% | +99.8% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | -15.0% | +45.9% | +1431.6% | +56329.2% |
| Crecimiento FCF (anual) | | +55.6% | -19.1% | -119.5% | +27.0% | -48.5% | -28.5% |
| Margen Bruto | -134.9% | -36.2% | -14.7% | -8.0% | -0.4% | -183.8% | -291.3% |
| Margen Operativo | -14921.0% | -9203.0% | -4897.9% | -9201.2% | -6466.5% | -12057.2% | -9312.5% |
| Margen EBITDA | -14262.0% | -8803.1% | -7111.1% | -8962.7% | -5491.0% | -13700.3% | -9251.6% |
| Margen Neto | -14943.1% | -9527.3% | -8210.5% | -11694.4% | -6513.4% | -15293.8% | -9551.9% |
| Margen FCF | -16501.6% | -4055.0% | -3897.6% | -8533.5% | -4995.1% | -12233.3% | -9488.6% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-89452.45 | $-39760.38 | $-47360.88 | $-122259.39 | $-61183.95 | $-5932.66 | $-13.51 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $50 | $50 | $50 | $42 | $62 | $943 | $532036 |
Qué mirar en Salud / Farma
El pipeline de I+D es el activo invisible. Patentes que caducan = ingresos que evaporan. Mira innovación y flujo de caja.
- I+D / Ingresos — Indica inversión en pipeline futuro. Farma seria reinvierte 15-20%
- Crecimiento EPS 5y — Tras caducidad de patentes, ¿siguen creciendo?
- Margen bruto — Farma de marca >70%. Genéricos mucho más bajo — define el tipo de negocio
- FCF / Net Income — Calidad del beneficio — farma grande debería convertir >90%
- ROIC — Capital reinvertido con eficiencia — clave en farma por ciclos de I+D largos
- Deuda neta / EBITDA — Adquisiciones de farma generan mucha deuda — ojo al post-M&A
- P/E vs historial 10y propio — La mejor comparación es con su propia historia, no con competidores
Rentabilidad
| Rentabilidad sobre capital | -59.34% |
| Rentabilidad sobre capital invertido | -57.11% |
| Rentabilidad sobre activos | -50.98% |
| Margen bruto | -50.96% |
| Margen operativo | -11592.14% |
| Margen neto | -10978.48% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 16.20 |
| Piotroski F-Score | 3 |
| Altman Z-Score | -4.92 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -4.03 | -3.56 | -3.28 | -0.47 | -0.36 | -0.02 | -0.34 |
| P/VC | -11.48 | -2.76 | -3.41 | 1.59 | -2.45 | 0.13 | 0.19 |
| P/V | 726.15 | 401.45 | 323.95 | 58.59 | 23.63 | 2.69 | 32.32 |
| Margen Bruto | -134.9% | -36.2% | -14.7% | -8.0% | -0.4% | -183.8% | -291.3% |
| Margen Operativo | -14921.0% | -9203.0% | -4897.9% | -9201.2% | -6466.5% | -12057.2% | -9312.5% |
| Margen Neto | -14943.1% | -9527.3% | -8210.5% | -11694.4% | -6513.4% | -15293.8% | -9551.9% |