Estados financieros detallados de Biomerica, Inc. (BMRA): 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
Biomerica, Inc. registró ingresos de $4.5M en el último ejercicio fiscal, con un CAGR de 5 años del -9.2%.
Márgenes de los últimos 12 meses: margen bruto 8.1%, margen operativo -119.5%, margen neto -84.8%.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $5.8M | $5.6M | $5.2M | $6.7M | $7.2M | $18.9M | $5.3M | $5.4M | $5.3M | $4.5M |
| Coste de Ventas | $3.8M | $3.8M | $3.9M | $4.9M | $6.8M | $15.9M | $4.9M | $4.8M | $4.8M | $4.1M |
| Beneficio Bruto | $2.0M | $1.8M | $1.3M | $1.8M | $366285 | $3.0M | $446000 | $611000 | $498000 | $362000 |
| I+D | $1.1M | $1.4M | $1.7M | $1.9M | $2.2M | $1.8M | $1.6M | $1.5M | $1.0M | $788000 |
| Generales y Administrativos | $1.8M | $1.8M | $2.0M | $2.3M | $5.7M | $5.7M | $6.1M | $5.5M | $4.6M | $4.9M |
| Gastos Operativos | $3.0M | $3.2M | $3.7M | $4.2M | $7.9M | $7.5M | $7.7M | $7.0M | $5.6M | $5.7M |
| Beneficio Operativo | -$954633 | -$1.5M | -$2.4M | -$2.4M | -$7.5M | -$4.5M | -$7.2M | -$6.4M | -$5.1M | -$5.3M |
| EBITDA | -$689340 | -$1.2M | -$2.2M | -$1.9M | -$7.1M | -$3.9M | -$6.7M | -$5.6M | -$4.6M | -$4.9M |
| Gastos por Intereses | $282 | $37 | $47 | $9 | $367 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$908561 | -$1.4M | -$2.4M | -$2.3M | -$7.4M | -$4.5M | -$7.1M | -$5.9M | -$5.0M | -$3.8M |
| Impuestos | 0 | $31800 | $24237 | $7390 | $13057 | $23719 | $51000 | $42000 | $1000 | $23000 |
| Beneficio Neto | -$908561 | -$1.5M | -$2.4M | -$2.3M | -$7.4M | -$4.5M | -$7.1M | -$6.0M | -$5.0M | -$3.8M |
| BPA | $-0.11 | $-0.17 | $-0.26 | $-0.23 | $-0.54 | $-0.36 | $-0.50 | $-0.36 | $-2.16 | $-1.30 |
| BPA Diluido | $-0.11 | $-0.17 | $-0.26 | $-0.23 | $-0.54 | $-0.36 | $-0.50 | $-0.36 | $-2.16 | $-1.30 |
| Acciones en Circulación (Diluidas) | $8.3M | $8.6M | $9.2M | $10.2M | $11.9M | $12.7M | $14.2M | $16.8M | $2.3M | $2.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $1.4M | $1.2M | $987000 | $875000 |
| Beneficio Bruto | $424000 | $51000 | -$44000 | -$71000 |
| Beneficio Operativo | -$1.1M | -$1.4M | -$1.3M | -$1.5M |
| EBITDA | $107000 | -$1.2M | -$1.2M | -$1.4M |
| Beneficio Neto | $2000 | -$1.3M | -$1.3M | -$1.1M |
| BPA | $0.00 | $-0.45 | $-0.44 | $-0.37 |
| BPA Diluido | $0.00 | $-0.45 | $-0.44 | $-0.37 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $1.2M | $1.2M | $686785 | $8.6M | $4.2M | $5.9M | $9.7M | $4.2M | $2.4M | $1.3M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.1M | $799940 | $1.5M | $1.8M | $1.5M | $773818 | $722000 | $947000 | $731000 | $785000 |
| Inventario | $1.7M | $2.2M | $2.2M | $2.9M | $3.2M | $2.4M | $2.1M | $2.4M | $1.5M | $1.7M |
| Activos Corrientes | $4.2M | $4.5M | $4.5M | $14.8M | $9.2M | $9.4M | $12.8M | $7.7M | $4.9M | $4.0M |
| Inmovilizado Material | $331857 | $351149 | $351070 | $2.0M | $1.9M | $1.5M | $1.2M | $943000 | $564000 | $2.0M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $174469 | $98923 | $107209 | $168655 | $294830 | $170000 | $165000 | $212000 | $228000 | $209000 |
| Activos Totales | $5.0M | $5.2M | $5.2M | $17.3M | $11.8M | $11.4M | $14.5M | $9.3M | $5.9M | $6.8M |
| Cuentas por Pagar | $336430 | $655599 | $999593 | $833412 | $431000 | $736000 | $344000 | $288000 | $295000 | $377000 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $500000 |
| Pasivos Corrientes | $528866 | $896808 | $1.3M | $1.5M | $1.3M | $2.0M | $1.9M | $2.2M | $1.7M | $2.5M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $528866 | $896808 | $1.3M | $3.0M | $2.6M | $3.0M | $2.7M | $2.7M | $1.8M | $4.1M |
| Reservas | -$15.7M | -$17.2M | -$19.6M | -$21.9M | -$30.5M | -$35.1M | -$42.2M | -$48.2M | -$53.2M | -$56.9M |
| Patrimonio Neto | $4.5M | $4.3M | $4.0M | $14.2M | $9.2M | $8.3M | $11.7M | $6.6M | $4.1M | $2.6M |
| Deuda Total | 0 | 0 | 0 | $1.8M | $1.6M | $1.4M | $1.1M | $785000 | $458000 | $2.4M |
| Deuda Neta | -$1.2M | -$1.2M | -$686785 | -$6.9M | -$2.6M | -$4.5M | -$8.6M | -$3.4M | -$1.9M | $1.1M |
| Capital Circulante | $3.7M | $3.6M | $3.2M | $13.3M | $7.9M | $7.4M | $10.9M | $5.5M | $3.1M | $1.5M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $3.1M | $2.5M | $1.3M | $1.3M |
| Activos Totales | $6.9M | $6.0M | $4.9M | $6.8M |
| Pasivos Totales | $1.7M | $1.6M | $1.6M | $4.1M |
| Patrimonio Neto | $5.2M | $4.4M | $3.3M | $2.6M |
| Deuda Total | $373000 | $284000 | $193000 | $1.9M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$908561 | -$1.5M | -$2.4M | -$2.3M | -$7.4M | -$4.5M | -$7.1M | -$6.0M | -$5.0M | -$3.8M |
| Amortizaciones | $219219 | $186601 | $162905 | $398632 | $375855 | $594821 | $351000 | $374000 | $400000 | $421000 |
| Compensación en Acciones | $21727 | $18473 | $151224 | $200470 | $1.4M | $1.3M | $1.2M | $837000 | $460000 | $476000 |
| Cambio en Capital Circulante | -$46808 | $32137 | -$188023 | -$2.5M | -$1.1M | $2.9M | -$38000 | -$625000 | $268000 | -$143000 |
| Flujo de Caja Operativo | -$722858 | -$1.2M | -$2.2M | -$4.3M | -$5.3M | -$480532 | -$5.5M | -$5.4M | -$3.8M | -$3.4M |
| Inversiones (CapEx) | -$96085 | -$130347 | -$171111 | -$118927 | -$295583 | -$170336 | -$78000 | -$115000 | -$37000 | -$1000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$165919 | -$85000 | -$705000 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$818943 | -$1.3M | -$2.4M | -$4.4M | -$5.5M | -$650868 | -$5.6M | -$5.5M | -$3.9M | -$3.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$268000 | -$991000 | -$1.2M | -$912000 |
| Inversiones (CapEx) | 0 | $37000 | -$37000 | -$37000 |
| Flujo de Caja Libre | -$268000 | -$954000 | -$1.3M | -$949000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $460000 | -$210000 | $135000 | $418000 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -3.9% | -6.5% | +28.7% | +7.6% | +162.1% | -71.7% | +1.4% | -1.9% | -16.2% |
| Crecimiento Beneficio Neto (anual) | | -61.3% | -63.3% | +2.3% | -218.3% | +39.2% | -57.6% | +16.3% | +16.8% | +24.1% |
| Crecimiento BPA (anual) | | -54.5% | -52.9% | +11.5% | -134.8% | +33.3% | -38.9% | +28.0% | -500.0% | +39.8% |
| Cambio en Acciones (anual) | | +2.9% | +7.5% | +10.4% | +17.3% | +6.2% | +11.7% | +18.8% | -86.3% | +26.9% |
| Crecimiento FCF (anual) | | -59.3% | -85.1% | -82.9% | -25.6% | +88.3% | -753.0% | +1.4% | +29.2% | +11.8% |
| Margen Bruto | 34.9% | 31.5% | 24.8% | 26.6% | 5.1% | 15.8% | 8.4% | 11.3% | 9.4% | 8.1% |
| Margen Operativo | -16.5% | -26.6% | -46.4% | -35.9% | -104.2% | -24.0% | -135.3% | -117.6% | -96.7% | -119.5% |
| Margen EBITDA | -11.9% | -22.4% | -42.4% | -28.9% | -98.0% | -20.9% | -126.2% | -102.7% | -86.1% | -110.0% |
| Margen Neto | -15.7% | -26.3% | -46.0% | -34.9% | -103.4% | -24.0% | -133.7% | -110.4% | -93.6% | -84.8% |
| Margen FCF | -14.1% | -23.4% | -46.4% | -66.0% | -77.1% | -3.4% | -104.0% | -101.1% | -73.0% | -76.8% |
| Tasa Impositiva Efectiva | -0.0% | -2.2% | -1.0% | -0.3% | -0.2% | -0.5% | -0.7% | -0.7% | -0.0% | -0.6% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.10 | $-0.15 | $-0.26 | $-0.43 | $-0.47 | $-0.05 | $-0.39 | $-0.33 | $-1.69 | $-1.17 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $8.3M | $8.6M | $9.2M | $10.2M | $11.9M | $12.7M | $14.2M | $16.8M | $2.3M | $2.9M |
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
| Margen bruto | 8.09% |
| Margen operativo | -119.54% |
| Margen neto | -84.79% |
Salud financiera
| Deuda / Patrimonio | 0.72 |
| Ratio corriente | 1.62 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -181.82 | -191.53 | -69.23 | -220.87 | -54.07 | -77.78 | -21.92 | -12.89 | -1.41 | -1.82 |
| P/VC | 36.80 | 64.51 | 41.65 | 36.34 | 37.75 | 42.63 | 13.23 | 11.84 | 1.71 | 2.62 |
| P/V | 28.52 | 50.15 | 31.89 | 77.17 | 48.39 | 18.80 | 29.06 | 14.41 | 1.32 | 1.54 |
| Margen Bruto | 34.9% | 31.5% | 24.8% | 26.6% | 5.1% | 15.8% | 8.4% | 11.3% | 9.4% | 8.1% |
| Margen Operativo | -16.5% | -26.6% | -46.4% | -35.9% | -104.2% | -24.0% | -135.3% | -117.6% | -96.7% | -119.5% |
| Margen Neto | -15.7% | -26.3% | -46.0% | -34.9% | -103.4% | -24.0% | -133.7% | -110.4% | -93.6% | -84.8% |