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EBR Systems, Inc. (EBRCZ)

USD0.27 -0.04 (-11.49%)
US OTC Healthcare Medical - Devices
Address 480 Oakmead Parkway 94085
Sunnyvale, CA, US
CEO John Graham McCutcheon
IPO 2023-08-31
CIK 1347123 ISIN AU0000182552

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Also trades on Australian Securities Exchange · EBR.AX (AUD) Other OTC · EBRCZ (USD)
Description

EBR Systems, Inc. focuses on developing internal medical devices that utilize wireless technology for tissue stimulation. A key offering is their WiSE cardiac resynchronization therapy (CRT) system, which leverages proprietary cable-free technology to deliver electrical pacing directly into the heart's left ventricle. This innovative approach aims to address and eliminate the typical difficulties associated with traditional wired leads, such as challenging insertion, unintended nerve activation, device displacement, complex removal procedures, and the need for frequent repositioning. The company was established in 2003 and operates from its headquarters in Sunnyvale, California.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD0.27 -0.04 (-11.49%)
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Volume Profile
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Liquidity & share structure
Average Volume
6.1K
Beta
0.55
Float Shares
620.84M
Free Float %
83.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+8.40% -7.17% -22.15% -41.21% -45.00% -72.27% -39.79% -39.79% -39.79% -39.79% -39.79%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.27
Quality scores
Altman Z-Score
-442.45
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Devices: +11.2%
  • EPS growth Medical - Devices: +28.5%
    +0.0% Q1'26: +86.5% (vs Q1'25)
  • FCF margin FCF growth · Medical - Devices: +30.9%
    -3,878.5% Q1'26: -1,003.9% (vs Q1'25)
  • EBIT margin Medical - Devices: +6.2%
    -2,949.3% Q1'26: -684.7% (vs Q1'25)
  • ROIC Medical - Devices: +3.3%
    -153.9% Q1'26: -162.0% (vs Q1'25)
  • Share dilution Medical - Devices: 0.0%
    +34.1% Q1'26: +20.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Devices: -0.35×
    -1.24× Q1'26: -0.94× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.18) × ERP
WACC = 70% × Ke + 30% × Kd (10.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 0.27
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
1 EPS Ana.
Dec 2027
4 Rev. Ana.
1 EPS Ana.
Dec 2028
2 Rev. Ana.
1 EPS Ana.
Dec 2029
3 Rev. Ana.
1 EPS Ana.
Dec 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
est: 1.50M (-100.0%)
est: 500.0K (-100.0%)
est: 125.0K (-100.0%)
1.62M
est: 1.32M (+22.9%)
16.15M
13.80M – 17.50M
+1,127.4% YoY
43.05M
30.70M – 70.90M
+166.6% YoY
77.00M
57.88M – 114.98M
+78.9% YoY
322.93M
242.75M – 482.22M
+319.4% YoY
1.62M
1.22M – 2.41M
-99.5% YoY
EBITDA
-23.62M
est: 900.0K (-2,725.0%)
-24.66M
est: 300.0K (-8,321.6%)
-32.06M
est: 75.0K (-42,844.9%)
-47.27M
est: 789.5K (-6,087.9%)
9.69M
8.28M – 10.50M
+1,127.4% YoY
25.83M
18.42M – 42.54M
+166.6% YoY
46.20M
34.73M – 68.99M
+78.9% YoY
193.76M
145.65M – 289.33M
+319.4% YoY
970.2K
729.3K – 1.45M
-99.5% YoY
EBIT
-39.78M
est: 900.0K (-4,520.4%)
-31.20M
est: 300.0K (-10,500.8%)
-32.61M
est: 75.0K (-43,579.6%)
-47.69M
est: 789.5K (-6,140.8%)
9.69M
8.28M – 10.50M
+1,127.4% YoY
25.83M
18.42M – 42.54M
+166.6% YoY
46.20M
34.73M – 68.99M
+78.9% YoY
193.76M
145.65M – 289.33M
+319.4% YoY
970.2K
729.3K – 1.45M
-99.5% YoY
Net Income
-33.09M
est: -31.68M (-4.5%)
-35.04M
est: -34.28M (-2.2%)
-20.17M
est: -54.98M (+63.3%)
-48.76M
est: -48.41M (-0.7%)
-45.05M
-73.93M – -30.51M
+6.9% YoY
-40.28M
-66.10M – -27.27M
+10.6% YoY
-26.30M
-43.17M – -17.81M
+34.7% YoY
-33.39M
-54.80M – -22.61M
-26.9% YoY
59.89M
40.55M – 98.28M
+279.4% YoY
SGA
13.51M
est: 3.18M (+324.5%)
13.59M
est: 1.06M (+1,180.8%)
5.82M
est: 450.0K (+1,192.4%)
22.64M
est: 4.74M (+377.9%)
58.14M
49.68M – 63.00M
+1,127.4% YoY
154.97M
110.52M – 255.23M
+166.6% YoY
277.19M
208.36M – 413.91M
+78.9% YoY
1.16B
873.85M – 1.74B
+319.4% YoY
5.82M
4.38M – 8.69M
-99.5% YoY
EPS
-122.73
est: -0.11 (-111,818.7%)
-121.29
est: -0.11 (-110,003.5%)
-0.12
est: -0.13 (+8.9%)
-0.12
est: -0.12 (-3.4%)
-0.11
-0.18 – -0.07
+6.9% YoY
-0.10
-0.16 – -0.07
+10.6% YoY
-0.06
-0.10 – -0.04
+34.7% YoY
-0.08
-0.13 – -0.05
-26.9% YoY
0.14
0.10 – 0.24
+279.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
31.52B
OE per share TTM
79.18
Owner's Yield
21,207.26%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
1,092.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-5.4K
Shares Outstanding
745.63M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 John McCutcheon President and Chief Executive Officer 543.8K 1.94M 308.0K 5.0K 2.80M 69.38%
2 2025 Erik Strandberg Chief Commercial Officer 373.8K 192.0K 192.5K 2.9K 761.2K 25.22%
3 2025 Gary Doherty Chief Financial Officer 363.6K 240.0K 132.0K 5.0K 740.6K 32.41%
4 2024 John McCutcheon President and Chief Executive Officer 518.8K 588.3K 316.3K 1.42M 41.33%
5 2024 Erik Strandberg Chief Commercial Officer 229.2K 90.7K 650.0K 970.5K 66.98%
6 2024 Gary Doherty Chief Financial Officer 347.8K 130.0K 142.3K 630.0K 20.63%
7 2024 Michael Hendricksen Chief Operating Officer 324.5K 130.0K 114.7K 569.1K 22.84%
8 2023 Gary Doherty Chief Financial Officer 108.6K 43.4K 1.34M 1.49M 89.80%
9 2023 John McCutcheon President and Chief Executive Officer 493.8K 209.3K 241.7K 944.7K 22.15%
10 2023 Michael Hendricksen Chief Operating Officer 311.3K 69.0K 76.8K 457.1K 15.10%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-03-26 DEFA14A
2026-03-26 DEF 14A
2026-03-16 PRE 14A
2026-01-26 DEFA14A
2026-01-26 DEF 14A
2026-01-16 PRE 14A
2025-04-11 DEFA14A
2025-04-11 DEF 14A
2025-04-01 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-11 10-Q
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-07 8-K
2026-04-09 8-K

Executive team

NameTitleCompensationGender
John Graham McCutcheon President, Chief Executive Officer & Director 856.8K male
Erik Strandberg Chief Commercial Officer 569.2K male
Gary W. Doherty Chief Financial Officer 500.6K male
Michael Hendricksen Chief Operating Officer 439.1K male
Allan R. Will Executive Chairman 205.0K male
Spencer H. Kubo Chief Medical Officer
Aimee Einstein Chief Human Resources Officer female
Zheng Li Company Secretary male
Andrew Shute Chief Corporate Development Officer male
N. Parker Willis Chief Technology Officer
Pharoah Garma Chief Regulatory Officer female
Philip H. Oettinger Corporate Secretary male
ESG Rating
B
MEDICAL - SPECIALTIES
Rank: 3 out of 5
2026
E (Environmental)
63.8 / 58.8
Company / Sector avg.
S (Social)
73.9 / 64.4
Company / Sector avg.
G (Governance)
71.7 / 65.6
Company / Sector avg.
ESG Total
69.8 / 62.9
Company / Sector avg.
ESG Score History MEDICAL - SPECIALTIES
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits