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Private company

Avinger Inc

In its 2024 annual report the company says: “We are a commercial-stage medical device company that designs, manufactures, and sells real-time high-definition image-guided, minimally invasive catheter-based systems that are used by physicians to treat patients with peripheral artery disease. We design, manufacture, and sell a suite of products in the United States and select international markets. We are located in Redwood City, California.”4

Last updated Oct 21, 2026.

Overview

  • IndustrySurgical & Medical Instruments & Apparatus2
  • HeadquartersRedwood City, United States2
  • Incorporated inDE3
  • Business address400 Chesapeake Drive, Redwood City, Ca 940633
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300MRCUER3C2G16592
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 40270012

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We are a commercial-stage medical device company that designs, manufactures, and sells real-time high-definition image-guided, minimally invasive catheter-based systems that are used by physicians to treat patients with peripheral artery disease (“PAD”). Patients with PAD have a build-up of plaque in the arteries that supply blood to areas away from the heart, particularly the pelvis and legs. Our mission is to significantly improve the treatment of vascular disease through the introduction of products based on our Lumivascular platform, the only intravascular real-time high-definition image-guided system available in this market.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

26.2%Gross margin5
-217.4%Operating margin5
-239.4%Net margin5
-7.5%Revenue growth, 20235
-$14.4MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue22¢$5.6M
  • Research and development17¢$4.5M
  • Selling, general and admin54¢$14.1M
  • Interest7¢$1.7M

Out of $7.7M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$7.7M in 2023−23% since 2017
0$5.0M$10.0M$15.0M2017: $9.9M$9.9M20172018: $7.9M$7.9M2018−20%2019: $9.1M$9.1M2019+15%2020: $8.8M$8.8M2020−4%2021: $10.1M$10.1M2021+16%2022: $8.3M$8.3M2022−18%2023: $7.7M$7.7M2023−8%
Gross profit11789105$2.0M in 2023
-$4.0M-$2.0M0$2.0M$4.0M2017: -$3.1M-$3.1M20172018: $1.4M$1.4M20182019: $2.9M$2.9M2019+107%2020: $2.6M$2.6M2020−9%2021: $3.4M$3.4M2021+31%2022: $2.7M$2.7M2022−22%2023: $2.0M$2.0M2023−25%
Operating income11789105-$16.6M in 2023−61% since 2017
-$60.0M-$40.0M-$20.0M02017: -$42.6M-$42.6M20172018: -$23.0M-$23.0M2018−46%2019: -$19.4M-$19.4M2019−16%2020: -$17.4M-$17.4M2020−10%2021: -$18.1M-$18.1M2021+4%2022: -$16.0M-$16.0M2022−12%2023: -$16.6M-$16.6M2023+4%
Net income11789105-$18.3M in 2023−62% since 2017
-$60.0M-$40.0M-$20.0M02017: -$48.7M-$48.7M20172018: -$27.6M-$27.6M2018−43%2019: -$19.4M-$19.4M2019−29%2020: -$19.0M-$19.0M2020−2%2021: -$17.4M-$17.4M2021−8%2022: -$17.6M-$17.6M2022+1%2023: -$18.3M-$18.3M2023+4%
Fiscal year2017201820192020202120222023
Revenue$9.9M6$7.9M7$9.1M8$8.8M9$10.1M10$8.3M5$7.7M5
Cost of revenue$13.0M11$6.5M7$6.3M8$6.1M9$6.7M10$5.6M5$5.6M5
Gross profit-$3.1M11$1.4M7$2.9M8$2.6M9$3.4M10$2.7M5$2.0M5
Research and development$11.3M11$6.0M7$5.7M8$5.7M9$5.9M10$4.4M5$4.5M5
Selling, general and admin$25.1M11$18.4M7$16.5M8$14.3M9$15.6M10$14.2M5$14.1M5
Operating expenses$21.5M10$18.6M5$18.6M5
Operating income-$42.6M11-$23.0M7-$19.4M8-$17.4M9-$18.1M10-$16.0M5-$16.6M5
Interest$6.3M11$5.7M7$1.5M8$1.7M9$1.6M10$1.7M5$1.7M5
Income tax$09$010$05$05
Net income-$48.7M11-$27.6M7-$19.4M8-$19.0M9-$17.4M10-$17.6M5-$18.3M5
Earnings per share-$4.5710-$65.335-$23.315
Shares (weighted, basic)4.7M shares10417.0K shares5786.0K shares5

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Corporate structure

Avinger Inc sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Avinger Inc

  • Avinger Inc Redwood City, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Avinger Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$4.6M5 Dec 31, 2023$4.7M5 Dec 31, 2022−1.4%
Accumulated depreciation$4.1M5 Dec 31, 2023$4.0M5 Dec 31, 2022+3.8%
Property and equipment, net$487.0K5 Dec 31, 2023$702.0K5 Dec 31, 2022−30.6%
Operating-lease assets (leased space)$1.1M5 Dec 31, 2023$2.2M5 Dec 31, 2022−49.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.3M5 Dec 31, 2023$14.6M5 Dec 31, 2022−63.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$5.3M5 Dec 31, 2023$5.0M5 Dec 31, 2022+6.7%
Raw materials$3.2M5 Dec 31, 2023$3.4M5 Dec 31, 2022−5.1%
Work in process$25.0K5 Dec 31, 2023$17.0K5 Dec 31, 2022+47.1%
Finished goods$2.1M5 Dec 31, 2023$1.6M5 Dec 31, 2022+31.5%

Leadership

Who has led Avinger Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jeffrey M. Soinski2015–2025

President

  1. Jeffrey M. Soinski2015

Chief financial officer

  1. Matthew Ferguson2015–2018
  2. Mark Weinswig2018–2021
20202025
Board members and other officers (12)

Timeline

  1. Feb 10, 20258-K Entered a material agreement; Bankruptcy or receivership; Completed an acquisition or sale28
  2. Feb 5, 20258-K Shareholder vote29
  3. Jan 24, 20258-K Shareholder vote30
  4. Jan 3, 20258-K Other events31
  5. Jan 2, 20258-K Unregistered sale of shares; Change to shareholders' rights; Bylaws or fiscal year changed32
  6. Dec 19, 20248-K Executive or director change; Shareholder vote33
  7. Dec 13, 20248-K Executive or director change34
  8. Dec 11, 20248-K Debt or obligation accelerated; Other events35
  9. Nov 22, 20248-K Listing notice or transfer36
  10. Nov 7, 20248-K Results of operations37
  11. Oct 18, 20248-K Other events38
  12. Aug 12, 20248-K Shareholder vote39
  13. Jan 29, 2015New chief executive Jeffrey M. Soinski becomes CEO15

Calendar

When it reported results

  1. Nov 7, 2024Reported quarterly or annual results37
  2. Aug 8, 2024Reported quarterly or annual results40
  3. May 15, 2024Reported quarterly or annual results41
  4. Mar 20, 2024Reported quarterly or annual results42
  5. Oct 26, 2023Reported quarterly or annual results43
  6. Jul 27, 2023Reported quarterly or annual results44
  7. May 10, 2023Reported quarterly or annual results45
  8. Mar 15, 2023Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

193 filings to the SEC since October 2021: 4 annual reports, 10 quarterly reports, 74 major events, 24 insider forms, 10 large holders, 1 private raises, 70 other. The latest 20:

  1. Feb 14, 2025SCHEDULE 13G/A EDGAR
  2. Feb 10, 20258-K EDGAR
  3. Feb 5, 20258-K EDGAR
  4. Jan 24, 20254 EDGAR
  5. Jan 24, 20254 EDGAR
  6. Jan 24, 20254 EDGAR
  7. Jan 24, 2025DEFA14A EDGAR
  8. Jan 24, 20258-K EDGAR
  9. Jan 23, 2025144 EDGAR
  10. Jan 23, 2025144 EDGAR
  11. Jan 23, 2025144 EDGAR
  12. Jan 13, 2025DEFR14A EDGAR
  13. Jan 13, 2025DEFA14A EDGAR
  14. Jan 3, 20258-K EDGAR
  15. Jan 2, 20258-K EDGAR
  16. Dec 23, 2024DEF 14A EDGAR
  17. Dec 19, 20248-K EDGAR
  18. Dec 13, 20248-K EDGAR
  19. Dec 11, 20248-K EDGAR
  20. Dec 11, 2024PRE 14A EDGAR

The 193 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 0 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 23, 2025Subainati Nabeel PaulVice President, FinanceSale1,255$0.56$703Form 4
Jan 23, 2025SOINSKI JEFFREY MChief Executive OfficerSale3,690$0.56$2.1KForm 4
Jan 23, 2025Patel HimanshuChief Technology OfficerSale2,215$0.56$1.2KForm 4
Mar 23, 2023Subainati Nabeel PaulVice President, FinanceSale223$0.81$181Form 4
Nov 30, 2021CULLEN JAMESDirectorSale184$0.57$105Form 4
Nov 24, 2021CULLEN JAMESDirectorSale32$0.62$20Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$2.4M 2022–2022
Money received by yearMoney received by year, 2022–2022: $2.4M in all. Private raises (Form D) $2.4M.$0$1M$2M$3M2022 · Private raises (Form D): $2.4M2022
Figures by year
YearPrivate raises (Form D)Total
2022$2.4M$2.4M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 8, 2022Raised $2.4 million in a private offering of equity51 Form D: 1 investor so far Form D

SEC filer profile

How Avinger Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAvinger Inc1
  • CIK0001506928
  • Employer ID (EIN)20-88734531
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address400 Chesapeake Drive, Redwood City, CA 940631
  • Phone650-363-24001
  • Shares outstanding3,196,791 as of Nov 4, 202414
  • Public float$6.8M as of Jun 30, 20235
  • On EDGAR sinceDec 3, 20101
  • Filings739 in all: 4 (250), 8-K (168), 10-Q (30), CORRESP (27), 424B5 (23), SC 13G/A (20), DEFA14A (19), 3 (17)1
    All 41 form types

    UPLOAD (17), EFFECT (16), DEF 14A (15), S-1/A (15), SC 13G (14), 10-K (10), S-1 (10), PRE 14A (8), S-8 (8), 424B4 (7), D (7), FWP (7), SD (7), 4/A (6), 8-K/A (6), S-3 (5), S-1MEF (4), 144 (3), 424B3 (3), DEFR14A (3), 10-K/A (2), 25-NSE (1), 3/A (1), 8-A12B (1), CERTNAS (1), DRS (1), DRS/A (1), DRSLTR (1), POS AM (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1), SD/A (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2024
    Quarterly report (10-Q) Nov 7, 2024
    Proxy statement (DEF 14A) Dec 23, 2024
    Latest 8-K (8-K) Feb 10, 2025

Sources

The numbers on this page point here. Each one links to the record it came from.

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