On this page of StockholderLetter.com we present the latest annual shareholder letter from FIREFLY NEUROSCIENCE, INC. — ticker symbol WAVD. Reading current and past WAVD letters to shareholders can bring important insights into the investment thesis.

 •  12/6/2024 Letter Continued (Full PDF)
 •  More "Miscellaneous" Category Stockholder Letters
 •  WAVD Benford's Law Stock Score = 80

WAVD Shareholder/Stockholder Letter Transcript:

FIREFLY NEUROSCIENCE, INC.
2023 Annual Report to Stockholders

Table of Contents
UNTIED STAlES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM10-K
(Mark One)
lZJ
D
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2023
or
TRANSIDON REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file nnmber: 001-41092
WAVEDANCER, INC.
(Exact name of registrant as specified in its charter)
Delawa1  e
State or other jurisdiction of
incorporation or organization
54-1167364
(I.R.S. Employer
Identification No.)
12015 Lee Jackson Memorial Highway Ste 210
Fairfax, Virginia
(Address of principal executive offices)
22033
(Zip Code)
Registrant's telephone number, including area code: (703) 383-3000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Common Stock, par value $0.001 per share
Trading Symbol(s)
WAVD
Name of each exchange on which registered
The Nasdaq Stock Ma1  ket LLC
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes D
No lZJ
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes D
No lZJ
Indicate by check mark whether the registrant (I) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90
days. Yes lZJ NoD
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation
S-T (   232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes lZI No D
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging
growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the
Exchange Act.
Large accelerated filer D
Non-accelerated filer
lZJ
Accelerated filer D
Smaller reporting company lZI
Emerging growth company D

Table of Contents
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 0
Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over
financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. 0
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing
reflect the correction of an error to previously issued financial statements. 0
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any
of the registrant's executive officers during the relevant recovery period pursuant to   240.1 OD-1 (b). 0
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes 0 No lZI
The aggregate market value of the I ,657 ,I 05 shares of common stock held by non-affiliates of the registrant based on the closing price of the registrant's common
stock on June 30,2023, was approximately $5,054,170. For purposes of this computation, all officers, directors and 10% beneficial owners of the registrant are deemed to
be affiliates. Such determination should not be deemed to be an admission that such officers, directors or I 0% beneficial owners are, in fact, affiliates of the registrant.
As of March 15,2024, there were 2,013,180 outstanding shares of the registrant's common stock.
2

Table of Contents
TABLE OF CONTENTS
Item I.
Item lA.
Item lB.
Item !C.
Item 2.
Item 3.
Item 4.
Business
Risk Factors
Unresolved Staff Comments
Cybersecuritv
Properties
Legal Proceedings
Mine Safetv Disclosures
Item 5.
Item 6.
Item 7.
Item ?A.
Item 8.
Item 9.
Item 9A.
Item9B.
Item9C.
Market for Registrant's Common Eguitv, Related Stockholder Matters and Issuer Purchases ofEguitv Securities
[Reserved]
Management's Discussion and Analysis of Financial Condition and Results of Operations
Quantitative and Qualitative Disclosures About Market Risk
Financial Statements and Supplementary Data
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Controls and Procedures
Other Information
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 10.
Item II.
Item 12.
Item 13.
Item 14.
Directors, Executive Officers and Corporate Governance
Executive Compensation
Securitv Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Certain Relationships and Related Transactions, and Director Independence
Principal Accounting Fees and Services
Item 15.
Item 16.
Exhibits Financial Statement Schedules
Form 10-K Summary
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
SIGNATURES
3

Table of Contents
Cautionary Statement Regarding Forward-Looking Statement
This Form 10-K contains forward-looking statements regarding our business, customer prospects, or other factors that may affect future earnings or financial results
that are subject to the safe harbor created by the Priv ate Securities Litigation Reform Act of 1995. In some cases, y ou can identify forward-looking statements by terms
such as "may," "will," "should, " " could," "would," "expect," "plans," "anticipates," "believ es," " estimates," "projects," "predicts," " intends," "potential" and similar
expressions intended to identify forward-looking statements. These statements reflect our current v iews with respect to future events and represent our estimates and
assumptions only as of the date of this report. Except as required by law, we assume no obligation to update any forward-looking statements after the date of this report.
Additionally, these forward-looking statements are based on assumptions and are subject to risks and uncertainties w hich could cause actual results to vary materially
from those expressed in the forward-looking statements. These risks include, among others, those detailed under the heading " Risk Factors Summary" and under the
heading " Risk Factors" in Item lA of thi s report. G iv en these uncertainties, you should not place undue reliance on these forward-looking statements. Inv estors should
read and understand the risk factors detailed in this report and in other filings w ith the Securities and Exchange Commission (" SEC").
4



 12/6/2024 Letter Continued (Full PDF)