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NVNO · NASDAQ · Medical - Devices

enVVeno Medical (NVNO)

Develops a catheter-delivered tissue valve for severe deep chronic venous insufficiency.

$11.40
At close+0.42 (+3.83%)
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enVVeno Medical CorporationNVNOHealth Care

Develops the enVVe tissue-based replacement venous valve and catheter delivery system for severe deep chronic venous insufficiency. The pre-revenue business is concentrated on an FDA-authorized U.S. pivotal study; commercial sales require clinical success and FDA approval.

Develops bioprosthetic replacement venous valves for severe deep chronic venous insufficiency, in which damaged valves allow blood to pool in the legs. The enVVe System pairs a tissue-based one-way valve with a transcatheter delivery platform intended to restore upward blood flow without open surgery. Design, development, and manufacturing are integrated at an ISO-certified Irvine facility.

The earlier VenoValve surgical program supplied the clinical and engineering foundation for enVVe, but its approval and commercialization path ended after an FDA rejection and unsuccessful appeal. Resources now center on enVVe and the FDA-authorized TAVVE U.S. pivotal study. With no approved products or revenue, commercialization depends on pivotal-trial results, FDA approval, qualified tissue and component suppliers, and hospital and insurer acceptance.

Company facts

CEORobert A. Berman
ListedMay 31, 2018
ExchangeNASDAQ
HeadquartersIrvine, CA
CountryUnited States
Employees33
CIK0001661053
ISINUS29415J2050

Market cap$186.5K
EPS (ttm)−$520.08
P/E (ttm)−0.0217
ROE-62.3%
P/B0.3668
P/S0.00
Dividend yieldDiv yield
Beta1.43vs XLV −0.19

No analyst consensus on record.

Next report
Oct 30, 2026
estimated · in 57 days
EPS estimate
−$3.27
Revenue estimate
$2.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Mar '26May '26Jul '26Oct '26
Reported−$0.30−$0.22−$0.33−$8.07−$10.53−$5.89−$5.37Pending
Estimate−$0.35−$0.34−$0.28−$10.50−$9.80−$8.40−$4.69−$3.27
Surprise+14.3%+35.3%−17.9%+23.1%−7.4%+29.9%−14.5%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Mar '26May '26Jul '26Oct '26
ReportedPending
Estimate$2.6M$500.0K$1.0M$2.3M
Surprise
Estimate−$3.27
ReportedDue Oct 30, 2026
Estimate$2.3M
ReportedDue Oct 30, 2026
View details

Debt to equity2.40%
Current ratio1,170.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$5.6M−$6.2M−$4.5M−$6.7M−$4.5M−$3.7M−$3.8M−$3.6M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$6.2M−$6.7M−$5.0M−$7.0M−$4.9M−$4.0M−$4.1M−$3.8M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $21.5M · Total debt $505.0K · Total assets $22.7M · Shareholders' equity $20.7M

Revenue
$0
Operating income
−$3.8M
Net income
−$3.6M
View details

No dividends on record.

Institutions17 holders · as of Mar 31, 202614.72%100.5K shares
Insiders5 holders · as of Jun 12, 20261.43%9.8K shares
Otherremainder83.85%572.4K shares

682.7K company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (682.7K in the company's Sep 3, 2026 report, 16.5K elsewhere); stakes use the report.

A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Kingdon Capital Management, L.L.C.Institution
5.30%36,16613Fas of Mar 31, 2026
CM Management, LLCInstitution
5.23%35,71413Fas of Mar 31, 2026
Geode Capital Management, LLCInstitution
1.53%10,45513Fas of Mar 31, 2026
Robert Andrew BermanInsiderdirector, officer: Chief Executive Officer
0.93%6,350Form 4filed Dec 19, 2024
Vanguard Capital Management LLCInstitution
0.92%6,28713Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 11, 2026Francis Duhaydirector−140$10.31
Mar 12, 2026Francis Duhaydirector−140$11.52
Dec 11, 2025Francis Duhaydirector−4,900$0.3556
Sep 15, 2025Francis Duhaydirector−4,900$0.8300
View details

Not reported.