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Aethlon Medical Inc

aethlonmedical.com

Aethlon Medical (NASDAQ: AEMD) is a medical device company developing the Hemopurifier, an extracorporeal filtration device designed to remove targeted particles from the bloodstream during clinical use. The company has no approved products and generates no product revenue as of the 10-K filed June 26, 2025. Aethlon operates as a pre-commercial stage device developer, funding operations through capital raises rather than product sales. The Hemopurifier is manufactured at the company's San Diego facility under an FDA-approved Investigational Device Exemption supplement, and the device remains in clinical trials pending FDA clearance or approval. If approved, the company expects medical institutions to be the primary purchasers, with reimbursement flowing through third-party payors including the Centers for Medicare and Medicaid Services. The company is incorporated in Nevada.

Products & Services

Hemopurifier: an extracorporeal blood filtration medical device in clinical trials, manufactured at the company's San Diego facility under FDA IDE supplement approval.

Revenue Model

No product revenue is disclosed in the filing excerpts. The company is pre-commercial, funding operations through equity issuance. Future revenue, if any, would come from sales of the Hemopurifier to medical institutions, with reimbursement dependent on third-party payors including Medicare and private insurance.

Customers & Markets

Target customers, if the Hemopurifier receives FDA approval, are medical institutions. End-market reimbursement would flow from third-party payors including the Centers for Medicare and Medicaid Services and private insurance plans.

Geographic Exposure

Operations based in San Diego, California. Regulatory filings reference both U.S. and international markets, but no geographic revenue breakdown is disclosed in the filing excerpts.

Financial Snapshot

Revenue
TTM
$0.00
Gross Margin
Last 4 Quarters
N/A
Net Income
TTM
-$7.152M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
384.95%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$4.886M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$3.629M

Stock Price

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Market Cap: $2.2877 Million

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