AIFF

– Quarterly performance characterized by higher revenues, reduced cost structure and improved bottom line – – Successful business integration drives 10.9% sequential quarter-over-quarter EEG/ERP scan volumes and 30% sequential revenue growth – KENMORE, N.Y., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Firefly Neuroscience, Inc. (“Firefly”) (NASDAQ: AIFF), an Artificial Intelligence (“AI”) company developing innovative solutions that improve brain health outcomes for patients with neurological and mental disorders, today reported financial results for the three and nine months ended September 30, 2025. Business Highlights Third quarter 2025 revenue grew more than tenfold year-over-year and 30% sequentially quarter-over-quarter, demonstrating both the immediate benefits from Firefly’s May 2025 acquisition of Evoke Neuroscience, Inc. (“Evoke”) and the early success of the two businesses’ integration. Also a reflection of the successful Evoke acquisition and business integration, Firefly’s Q3-2025 EEG/ERP scan volumes grew 10.9% sequentially over the previous quarter. In addition, the Company’s Q3-2025 total operating expenses decreased 35% versus Q3-2024, contributing to a significantly lower net loss ($2.6 million vs. $4.3 million). In a July press release, Firefly highlighted its ongoing collaboration with Prof. Dr. med. Christian Schaaf, Director of the Institute of Human Genetics at Heidelberg University Hospital and Chairman of Human Genetics at the Medical Faculty of Heidelberg University, on a first-of-its-kind study investigating the neurophysiological impact of 15q13.3 copy number variants (CNVs). In August, the Company unveiled its new ‘CLEAR’ ( CL eaning E EG AR tifacts) Platform, a proprietary next-generation preprocessing technology designed to deliver best-in-class electroencephalogram (EEG) data quality. The CLEAR Platform was developed using NVIDIA’s L40S GPU with Ada Lovelace architecture. In September, Firefly partnered with HealingMaps to offer cognitive electrophysiology analytics to over 2,500 ketamine, psilocybin, and TMS clinics across North America. “As demonstrated by our revenue growth, reduced cost structure and improved bottom line in Q3-2025, we have been able to rapidly integrate the Evoke business,” said Greg Lipschitz, Firefly’s Chief Executive Officer. “Moving forward, we remain focused on aggressively executing our commercial growth stra...