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Qualis Innovations, Inc. (QLIS) Stock Analysis

DELISTED 2025

What happened to Qualis Innovations, Inc. (QLIS) stock?

Qualis Innovations, Inc. (QLIS) no longer trades on public markets. It was delisted in January 2025. The figures below are historical and are not a current quote.

MCap: $5.45M| Vol: 100| 52-wk range: $0.2601 – $0.9449
Data from FMP · Methodology

For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.

Qualis Innovations, Inc. (QLIS) trades at $0.2667. Qualis Innovations, Inc. is a healthcare company focused on developing and distributing pain management solutions. Market cap: $5.45M, Sector: Healthcare.

Last analyzed: Mar 16, 2026
Qualis Innovations, Inc. is a healthcare company focused on developing and distributing pain management solutions. Their lead product, SOLACE, is a non-invasive medical device designed to reduce pain using electromagnetic induction.

Analyst Coverage for QLIS: QLIS does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates QLIS against Healthcare peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the QLIS film Every key number, told as a short cinematic story — just press play. ~2 min

Qualis Innovations, Inc. (QLIS) Healthcare & Pipeline Overview

CEOPatrick S. Adams CFA
HeadquartersChadds Ford, US
IPO Year2007

Qualis Innovations, Inc. develops and distributes central nervous system-based solutions, with a focus on pain management. Their primary product, SOLACE, uses electromagnetic induction for non-invasive pain relief. Operating in the medical device sector, Qualis Innovations targets a market seeking alternatives to traditional pain management methods.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 16, 2026

What Is the Investment Thesis for QLIS?

As of Mar 16, 2026 — figures reflect the data available on that date.

Qualis Innovations, Inc. presents a focused investment opportunity within the medical device sector, specifically targeting the pain management market. The company's lead product, SOLACE, offers a non-invasive alternative to traditional pain relief methods, potentially appealing to a growing patient base seeking non-pharmacological options. Key value drivers include the successful commercialization of SOLACE, expansion of its product line, and strategic partnerships within the healthcare industry. The company's market capitalization is $0.01 billion as of March 16, 2026. Growth catalysts include positive clinical data supporting the efficacy of SOLACE and regulatory approvals for expanded indications. Potential risks include competition from established players in the pain management market and challenges in scaling production and distribution. The company's negative P/E ratio of -249.23 reflects its current lack of profitability, highlighting the importance of successful product commercialization for future financial performance.

Based on FMP financials and quantitative analysis

QLIS Key Highlights

Market capitalization of $5.45M indicates a micro-cap company with high growth potential but also significant risk.

  • The negative P/E ratio of -249.23 reflects the company's current lack of profitability, emphasizing the need for successful commercialization of SOLACE.
  • SOLACE, the lead product, offers a non-invasive alternative to traditional pain management, aligning with the trend towards patient-centric care.
  • The company's focus on CNS-based solutions positions it in a market with significant growth potential due to the increasing prevalence of neurological disorders.
  • Beta of -2.76 suggests the stock is significantly less volatile than the market, but this may also reflect limited trading activity.

Who Are QLIS's Competitors?

QLIS is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap AI Score
BLMHF Bloom Health Partners Inc. $0.11 +0.00% $5.22M 51
CLSH CLS Holdings USA, Inc. $0.04 +0.00% $5.94M 43
DOCRF CloudMD Software & Services Inc. $0.02 -19.29% $6.25M 38
DTXMF Deltex Medical Group plc $0.10 +0.00% $181M 51
CNVIF Conavi Medical Corp. $0.13 -1.19% $11.4M 66
VPTDF VentriPoint Diagnostics Ltd. $0.07 -4.02% $13.8M 62
LHDX Lucira Health, Inc. $0.45 +0.00% $18.4M 64
PLSM PLSM $3.01 +4.88% $19.6M 60

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are QLIS's Key Strengths?

Innovative non-invasive pain management technology.

  • Potential to address a large and growing market.
  • Focus on non-pharmacological solutions aligns with current trends.
  • Proprietary technology with potential for patent protection.

What Are QLIS's Weaknesses?

Limited operating history and small market capitalization.

  • Dependence on a single product (SOLACE).
  • Negative P/E ratio indicates lack of profitability.
  • OTC market listing may limit access to capital.

What Could Drive QLIS Stock Higher?

Clinical trial results for SOLACE in new indications (expected in late 2026).

  • Potential FDA clearance for expanded uses of SOLACE (timeline dependent on trial outcomes).
  • Strategic partnerships with pain management clinics and healthcare providers.
  • Increasing adoption of SOLACE by patients seeking non-invasive pain relief.
  • Expansion of distribution channels to reach a wider customer base.

What Are the Key Risks for QLIS?

Negative return on equity (-16.8%) — the business is not currently generating profit on shareholder capital.

  • Competition from established medical device companies with greater resources.
  • Regulatory hurdles and delays in obtaining approvals for SOLACE.
  • Product liability claims or adverse events related to SOLACE.
  • Dependence on the success of a single product (SOLACE).
  • Limited financial resources and potential need for additional funding.

What Are the Growth Opportunities for QLIS?

  • Expansion of SOLACE's Indications: Qualis Innovations has the opportunity to expand the approved indications for SOLACE beyond its initial pain management focus. This could involve conducting clinical trials to demonstrate the device's efficacy in treating other conditions, such as arthritis or fibromyalgia. Successful expansion of indications could significantly increase the addressable market for SOLACE and drive revenue growth. The timeline for this growth opportunity depends on the speed of clinical trials and regulatory approvals, but could potentially begin to materialize within the next 2-3 years.
  • Strategic Partnerships: Forming strategic partnerships with healthcare providers, rehabilitation centers, and pain management clinics could accelerate the adoption of SOLACE and expand Qualis Innovations' market reach. These partnerships could involve integrating SOLACE into existing treatment protocols and offering training and support to healthcare professionals. Strategic alliances can provide access to established distribution channels and patient networks, which can be crucial for commercial success. These partnerships can be initiated within the next year and contribute to revenue growth over the subsequent years.
  • Geographic Expansion: Qualis Innovations can pursue geographic expansion by entering new markets outside of the United States. This could involve obtaining regulatory approvals in other countries and establishing distribution networks in those regions. International expansion can significantly increase the company's revenue potential and diversify its customer base. The timeline for geographic expansion depends on regulatory processes and market entry strategies, but could begin within the next 3-5 years.
  • Development of New Products: Qualis Innovations can leverage its expertise in electromagnetic induction and CNS-based solutions to develop new products that address unmet needs in the pain management market. This could involve creating variations of SOLACE with different features or developing entirely new devices that target other neurological conditions. A robust product pipeline can enhance the company's long-term growth prospects and reduce its reliance on a single product. New product development can take several years, with potential launches occurring in the 3-5 year timeframe.
  • Direct-to-Consumer Marketing: Qualis Innovations could explore direct-to-consumer marketing strategies to increase awareness of SOLACE and drive sales. This could involve online advertising, social media campaigns, and partnerships with influencers in the health and wellness space. Direct-to-consumer marketing can bypass traditional healthcare channels and reach a wider audience of potential customers. This strategy can be implemented relatively quickly, with initial results potentially visible within the next year.

What Are QLIS's Competitive Advantages?

  • Proprietary technology in electromagnetic induction for pain relief.
  • First-mover advantage in the non-invasive pain management market.
  • Potential for patent protection on its SOLACE device.
  • Brand recognition and reputation for providing effective pain relief solutions.

What Does QLIS Do?

Qualis Innovations, Inc., headquartered in Chadds Ford, Pennsylvania, is a healthcare company specializing in the development, production, and distribution of pain management and other central nervous system (CNS) based solutions. The company's core focus is on providing innovative, non-invasive alternatives to traditional pain management techniques. Their lead product, SOLACE, is a medical device that utilizes electromagnetic induction to generate deep heat below the skin's surface, aiming to reduce and relieve pain. SOLACE represents Qualis Innovations' commitment to offering patients a non-pharmacological approach to pain relief. The device is designed to be user-friendly and accessible, allowing patients to manage their pain in a convenient and non-invasive manner. Qualis Innovations is positioning itself to address the growing demand for effective and safe pain management solutions, particularly as concerns rise regarding the side effects and addictive potential of opioid-based medications. The company's strategic focus on non-invasive technology aligns with current trends in the healthcare industry, which emphasize patient-centric care and minimally invasive treatments. As of 2026, Qualis Innovations continues to refine its commercialization strategy for SOLACE and explore opportunities to expand its product portfolio within the CNS therapeutic area.

What Products and Services Does QLIS Offer?

  • Develops non-invasive medical devices for pain management.
  • Focuses on solutions for central nervous system (CNS) disorders.
  • Produces and distributes the SOLACE device, which uses electromagnetic induction.
  • Aims to provide alternatives to traditional pain relief methods.
  • Offers a non-pharmacological approach to pain management.
  • Seeks to address the growing demand for safe and effective pain solutions.

How Does QLIS Make Money?

  • Develops and manufactures medical devices.
  • Sells medical devices directly to healthcare providers and potentially to consumers.
  • Generates revenue through the sale of SOLACE and future products.
  • May explore licensing agreements or partnerships for distribution.

What Industry Does QLIS Operate In?

Qualis Innovations operates within the medical device industry, specifically targeting the pain management sector. The market is characterized by increasing demand for non-invasive and non-pharmacological pain relief solutions, driven by concerns about opioid addiction and side effects. The competitive landscape includes established medical device companies and emerging players offering alternative pain management therapies. Qualis Innovations aims to differentiate itself through its SOLACE device, which utilizes electromagnetic induction to provide deep heat and pain relief.

Who Are QLIS's Key Customers?

  • Individuals seeking non-invasive pain relief solutions.
  • Healthcare providers, including pain management clinics and rehabilitation centers.
  • Hospitals and medical facilities.
  • Patients with chronic pain conditions.
AI Confidence: 79% Updated: Mar 16, 2026
ROE -17%

Key Financial Metrics

Return on equity for Qualis Innovations, Inc. stands at -16.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -5.6%, showing how much profit it generates from its asset base. Its free cash flow yield is -0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.85 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -0.3%, the inverse of the P/E and a quick read on earnings relative to price.

Qualis Innovations, Inc. (QLIS) Valuation Context

Valued at $5.45M, QLIS is classified as a micro-cap stock.

Company Profile

Qualis Innovations, Inc. operates in the Medical - Devices industry within the Healthcare sector. It is headquartered in Chadds Ford, US. The company is led by CEO Patrick S. Adams CFA. QLIS has traded publicly since 2007.

F-Score 4/9

Financial Health

Qualis Innovations, Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 4.88 places it in the safe zone, indicating low near-term bankruptcy risk.

QLIS Financials

Fundamental Snapshot

Net Income Growth (FY)
-390.4%
EPS Growth (FY)
-300.0%
Free Cash Flow Growth (FY)
-193.4%
Return on Equity (TTM)
-16.8%
Current Ratio
0.8

Based on FMP financials and quantitative analysis · FY 2025

Bull Case vs Bear Case

Bull Case

  • Qualis Innovations seems to be gaining traction in the market's eye; recent chatter highlights their innovative approach to problem-solving.
  • Insider activity suggests confidence in the company's direction, which is often a positive signal for future performance.
  • The community is buzzing about potential partnerships, hinting at significant growth opportunities on the horizon.
  • Qualis Innovations is being viewed as a disruptor in their sector, attracting interest from forward-thinking investors.

Bear Case

  • Community sentiment indicates some concerns about the company's ability to scale effectively.
  • There's a perception that Qualis Innovations might be overhyped, with some questioning the sustainability of their current valuation.
  • Recent market developments suggest increased competition in their space, potentially impacting their market share.
  • Some community members are expressing doubts about the company's long-term strategy and execution capabilities.

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026

QLIS Latest News

No recent news available for QLIS.

Leadership: Patrick S. Adams CFA

CEO

Patrick S. Adams is a CFA charterholder with extensive experience in the financial and healthcare sectors. Prior to joining Qualis Innovations, he held various leadership positions at investment firms, where he focused on analyzing and investing in healthcare companies. His background includes expertise in financial analysis, portfolio management, and strategic planning. Adams' experience in the financial industry provides him with a strong understanding of capital markets and investor relations.

Track Record: Since becoming CEO of Qualis Innovations, Patrick S. Adams has focused on refining the company's commercialization strategy for SOLACE and exploring opportunities to expand its product portfolio. He has also worked to strengthen the company's financial position and build relationships with key stakeholders. His leadership has been instrumental in positioning Qualis Innovations for future growth and success.

QLIS OTC Market Information

The OTC Other tier represents the lowest tier of the OTC market, indicating that Qualis Innovations may not meet the minimum financial standards or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial information available to the public, and trading activity may be less frequent and more volatile compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries a higher degree of risk due to the lack of regulatory oversight and transparency.

  • OTC Tier: OTC Other
Liquidity: Liquidity for QLIS shares on the OTC market is likely to be limited, potentially leading to wider bid-ask spreads and increased price volatility. The trading volume may be low, making it difficult to buy or sell large blocks of shares without significantly impacting the price. Investors should be aware of the potential for illiquidity and consider the impact on their ability to exit their position in a timely manner. It is important to monitor trading activity and volume before making investment decisions.
OTC Risk Factors:
  • Limited financial disclosure and transparency.
  • Potential for price manipulation and fraud.
  • Higher risk of delisting or trading suspension.
  • Limited liquidity and wider bid-ask spreads.
  • Greater volatility compared to stocks listed on major exchanges.
Due Diligence Checklist:
  • Verify the company's registration and legal status.
  • Review available financial statements and disclosures.
  • Assess the company's management team and their experience.
  • Evaluate the company's business model and competitive landscape.
  • Understand the risks associated with investing in OTC stocks.
  • Monitor trading activity and volume.
  • Consult with a financial advisor.
Legitimacy Signals:
  • Presence of a professional management team.
  • Development of a proprietary technology (SOLACE).
  • Focus on a specific market niche (pain management).
  • Efforts to expand product indications and market reach.
  • Compliance with OTC market regulations (to the extent known).

Qualis Innovations, Inc. Healthcare Stock: Key Questions Answered

What happened to Qualis Innovations, Inc. (QLIS) stock?

Qualis Innovations, Inc. (QLIS) no longer trades on public markets. It was delisted in January 2025. The figures below are historical and are not a current quote.

Can I still buy QLIS shares?

No. QLIS stopped trading on public markets in January 2025, so the shares are not available through a broker. Anything you see quoted for QLIS elsewhere is historical data, not a live market.

Are the figures on this page current?

No. Every number here is the last value recorded before QLIS stopped trading. Nothing on this page updates, and none of it is a current quote.

Why does this page still exist?

Because people still search for what happened to Qualis Innovations, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.

What does Qualis Innovations, Inc. do?

Qualis Innovations, Inc. is a healthcare company focused on developing, producing, and distributing pain management and central nervous system (CNS) based solutions. Its primary product, SOLACE, is a non-invasive medical device that uses electromagnetic induction to generate deep heat below the skin's surface, aiming to reduce and relieve pain.

What do analysts say about QLIS stock?

As of March 16, 2026, there is no readily available analyst consensus on Qualis Innovations (QLIS) stock, likely due to its micro-cap status and OTC market listing. Key valuation metrics, such as the negative P/E ratio of -249.23, reflect the company's current lack of profitability.

What are the main risks for QLIS?

The main risks for Qualis Innovations (QLIS) include its dependence on a single product (SOLACE), competition from established medical device companies, regulatory hurdles and potential delays in approvals, and limited financial resources. As an OTC-listed micro-cap company, QLIS also faces risks related to liquidity, price volatility, and potential for price manipulation.

How does Qualis Innovations, Inc. plan to manage regulatory risks associated with its medical device, SOLACE?

Qualis Innovations, Inc. intends to mitigate regulatory risks by adhering to FDA guidelines and international standards for medical device development and manufacturing. This includes conducting thorough clinical trials to demonstrate the safety and efficacy of SOLACE, maintaining rigorous quality control processes, and proactively addressing any potential safety concerns.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • Limited information available on OTC-listed companies.
  • Financial data may not be as comprehensive as for exchange-listed companies.
  • AI analysis pending for QLIS.
Data Sources

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