Financials EDAP TMS S.A.

Equities

EDAP

US2683111072

Advanced Medical Equipment & Technology

Market Closed - Nasdaq Other stock markets 04:00:00 2026-02-13 pm EST			5-day change	1st Jan Change
4.670 ^USD	-2.10%		-1.27%	+41.95%

Feb. 12	EDAP TMS S.A. Announces Board of Directors Changes	CI
Feb. 11	European Equities Traded in the US as American Depositary Receipts Slightly Higher in Wednesday Trading	MT

Projected Income Statement: EDAP TMS S.A.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	48.84	49.17	60.1	65.41	69.15	70.55	75.49	83.11
Change	-	0.68%	22.21%	8.85%	5.71%	2.02%	7.01%	10.09%
EBITDA ¹	-	-	-2.893	-19.33	-19.4	-21	-19	-22
Change	-	-	-	-568.33%	-0.32%	-8.27%	9.52%	-15.79%
EBIT ¹	0.3155	-1.799	-4.642	-21.45	-22.15	-24.35	-25.95	-23.51
Change	-	-670.3%	-158.03%	-362.05%	-3.25%	-9.95%	-6.57%	9.41%
Interest Paid ¹	-0.1149	-	0.2563	-	-	-0.3112	-1.007	-1.025
Earnings before Tax (EBT) ¹	-1.393	0.9966	-2.286	-22.23	-20.2	-25.16	-27.15	-25.01
Change	-	171.54%	-329.34%	-872.52%	9.13%	-24.55%	-7.93%	7.9%
Net income ¹	-1.998	0.7812	-3.198	-22.93	-20.51	-25.52	-27.27	-23.31
Change	-	139.09%	-509.4%	-616.82%	10.54%	-24.41%	-6.88%	14.55%
Announcement Date	3/30/21	3/30/22	3/30/23	3/27/24	3/27/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	8.244	10.94	11.2	18.02	12.54	12.16	10.67	15.59	13.69	14.12	12.74	17.14	16.02	15.49	12.57	21.23	16.2	17.63	14.06	21.91	15.19	16.6	15.05	21.28	16.33	19.31	16.96	21.93
Change	-	32.68%	2.36%	60.92%	-30.42%	-2.99%	-12.26%	46.13%	-12.2%	3.13%	-9.8%	34.59%	-6.55%	-3.27%	-18.84%	68.88%	-23.68%	8.8%	-20.27%	55.89%	-30.69%	9.28%	-9.34%	41.42%	-23.28%	18.27%	-12.19%	29.32%
EBITDA ¹	-	-	-	-	0.9248	-	-	-	-	-	-1.737	-	-	-	-	-	-	-	-	-	-6	-6	-9	-4	-5	-6	-5	-4
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0%	0%	-50%	55.56%	-25%	-20%	16.67%	20%
EBIT ¹	-1.582	0.3581	-0.3478	2.017	0.2908	-0.5017	-2.131	0.5145	-0.1169	-0.4261	-2.234	-1.712	-4.124	-4.584	-5.948	-3.769	-5.235	-6.863	-6.26	-4.031	-6.717	-6.388	-9.547	-5.477	-6.04	-6.081	-5.716	-5.1
Change	-	122.64%	-197.11%	680.02%	-85.58%	-272.51%	-324.69%	124.15%	-122.72%	-264.4%	-424.45%	23.38%	-140.85%	-11.17%	-29.73%	36.64%	-38.91%	-31.1%	8.78%	35.6%	-66.61%	4.89%	-49.44%	42.63%	-10.27%	-0.69%	6.01%	10.77%
Charge d'intérêts	-0.0217	-0.0225	-0.0142	-0.054	0.1996	-0.0235	-0.0249	0.0257	-	-0.0289	-0.00416	0.3239	0.2772	-	-	0.238	-	0.2114	0.11	0.1317	-	-0.0459	-0.0877	-0.1743	-	-	-	-
Earnings before Tax (EBT) ¹	-1.29	-0.0745	-1.043	1.108	1.085	-0.4289	-1.022	1.417	0.4519	1.951	0.9019	-5.832	-8.06	-4.858	-4.179	-5.099	-4.821	-6.704	-6.801	-2.105	-7.771	-6.699	-9.443	-5.548	-6.843	-6.184	-5.969	-5.354
Change	-	94.23%	-1,301.18%	206.22%	-2.06%	-139.51%	-138.26%	238.71%	-68.12%	331.71%	-53.77%	-746.64%	-38.2%	39.73%	13.98%	-22.02%	5.46%	-39.07%	-1.44%	69.04%	-269.11%	13.8%	-40.96%	41.25%	-23.35%	9.62%	3.48%	10.31%
Net income ¹	-1.417	-0.2068	-1.188	0.9147	0.9406	-0.4982	-1.147	1.523	0.376	1.823	0.0135	-5.594	-8.11	-5.098	-4.227	-5.46	-4.941	-6.846	-6.867	-2.092	-7.924	-6.747	-9.467	-5.58	-6.903	-6.244	-6.029	-5.414
Change	-	85.4%	-474.45%	176.99%	2.83%	-152.96%	-130.29%	232.79%	-75.32%	384.8%	-99.26%	-41,478.18%	-44.96%	37.14%	17.08%	-29.16%	9.49%	-38.55%	-0.31%	69.53%	-278.73%	14.86%	-40.32%	41.06%	-23.72%	9.54%	3.45%	10.21%
Announcement Date	5/13/20	8/26/20	11/18/20	3/30/21	5/11/21	8/25/21	11/17/21	3/30/22	5/17/22	8/24/22	11/16/22	3/30/23	5/17/23	8/24/23	11/9/23	3/27/24	5/16/24	8/28/24	11/7/24	3/27/25	5/15/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: EDAP TMS S.A.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	3/30/21	3/30/22	3/30/23	3/27/24	3/27/25	-	-	-

Estimates

Cash Flow Forecast: EDAP TMS S.A.

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	1.416	1.87	1.554	2.183	3.762	3.871
Change	-	32.06%	-16.9%	40.48%	72.33%	2.9%
Free Cash Flow (FCF) ¹	1.574	2.248	2.637	-5.625	-8.254	-10.75
Change	-	42.81%	17.28%	-313.3%	-46.74%	-30.25%
Announcement Date	4/16/20	4/7/21	4/8/22	4/7/23	3/28/24	3/27/25

¹EUR in Million

Estimates

Forecast Financial Ratios: EDAP TMS S.A.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-4.81%	-29.56%	-28.05%	-29.77%	-25.17%	-26.47%
EBIT Margin (%)	-	0.65%	-3.66%	-7.72%	-32.79%	-32.03%	-34.52%	-34.38%	-28.29%
EBT Margin (%)	-	-2.85%	2.03%	-3.8%	-33.98%	-29.21%	-35.66%	-35.97%	-30.09%
Net margin (%)	-	-4.09%	1.59%	-5.32%	-35.05%	-29.66%	-36.17%	-36.13%	-28.04%
FCF margin (%)	-	-	-	-9.8%	-	-	-	-	-
FCF / Net Income (%)	-	-	-	184.18%	-	-	-	-	-
Profitability
ROA	2.7%	0.89%	-1.52%	-2.98%	-10.65%	-14.45%	-	-	-
ROE	5.78%	-6.36%	1.83%	-4.82%	-32.95%	-38.88%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	3.96%	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-82.29%	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-40.41%	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EPS ¹	-	-0.0704	0.0223	-0.0982	-0.6171	-0.55	-0.6793	-0.715	-0.564
Change	-	-	131.72%	-539.74%	-528.71%	10.86%	-23.51%	-5.25%	21.12%
Nbr of stocks (in thousands)	-	29,142	33,346	33,466	36,927	37,104	37,392	37,392	37,392
Announcement Date	-	3/30/21	3/30/22	3/30/23	3/27/24	3/27/25	-	-	-