STIM · Neuronetics, Inc.
$1.83
-0.04 (-2.14%)
At close · Jul 29
Going-concern doubt
— flagged May 5, 2026
Substantial doubt about the company's ability to continue as a going concern.
“The Company currently projects trailing twelve-month revenue for the period ended March 31, 2027 to be below the minimum required revenue for that period as stated in the credit facility agreement. Should the Company not be able to meet its March 31, 2027 minimum revenue covenant, the lender may at that time and at its discretion, call the credit facility. Should the lender call the facility, the Company is not projected to have the liquidity required to meet its requirement to pay off the loan. Therefore, substantial doubt exists about the Company's ability to continue as a going concern. However, at this time, these actions do not fully mitigate the risk related to compliance with the revenue covenant for the March 31, 2027 period.”View the 10-Q filed May 5, 2026
Market Cap
$130.13M
Shares
69.59M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Keith J. Sullivan | CEO | $4,365,064 |
| Steven E. Pfanstiel | CFO | $2,331,784 |
| W. Andrew Macan | Executive Vice President, Chief Legal Officer, and Corporate Secretary | $2,114,519 |
| Stephen Furlong | CFO | $1,218,467 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Keith J. Sullivan | CEO | $2,430,610 |
| Stephen Furlong | CFO | $1,182,179 |
| W. Andrew Macan | General Counsel | $1,059,526 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Keith J. Sullivan | CEO | $2,990,985 |
| Stephen Furlong | CFO | $1,361,385 |
| W. Andrew Macan | General Counsel | $1,160,703 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Keith J. Sullivan | CEO | $2,452,214 |
| Stephen Furlong | CFO | $1,370,130 |
| W. Andrew Macan | General Counsel | $1,174,556 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Keith J. Sullivan | CEO | $2,838,730 |
| Stephen Furlong | CFO | $1,860,323 |
| W. Andrew Macan | General Counsel | $1,299,128 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Keith J. Sullivan | CEO | $3,566,068 |
| W. Andrew Macan | General Counsel | $1,351,430 |
| Stephen Furlong | CFO | $1,273,699 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Nir Naor | Executive Vice President, Chief Financial Officer, and Treasurer | Appointed | 2026-07-20 |
| W. Andrew Macan | Executive Vice President, Chief Legal Officer, and Corporate Secretary | Resigned | 2026-07-20 |
| Cory Anderson | Executive Vice President, General Manager of Greenbrook | Appointed | 2026-06-23 |
| Francis X. Brown III | Interim Principal Financial and Accounting Officer | Appointed | 2026-05-22 |
| Steven E. Pfanstiel | Executive Vice President, Chief Financial Officer, and Treasurer | Resigned | 2026-04-06 |
| Daniel L. Reuvers | President and Chief Executive Officer | Appointed | 2026-03-17 |