HTGMQ (HTG Molecular Diagnostics) Beneish M-Score: 0.00 (As of Jun. 29, 2026)


HTGMQ HTG Molecular Diagnostics Inc HTGMQ
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What is HTG Molecular Diagnostics Beneish M-Score?

HTG Molecular Diagnostics HTGMQ 12 Beneish M-Score is 0.00 as of Jun. 29, 2026. GuruFocus rates HTGMQ with a GF Score™ of 12/100.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for HTG Molecular Diagnostics's Beneish M-Score or its related term are showing as below:

During the past 11 years, the highest Beneish M-Score of HTG Molecular Diagnostics was 0.00. The lowest was 0.00. And the median was 0.00.

HTG Molecular Diagnostics Beneish M-Score Historical Data

* Premium members only.

The historical data trend for HTG Molecular Diagnostics's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HTG Molecular Diagnostics Beneish M-Score Chart

HTG Molecular Diagnostics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 222.37 -3.20 -3.97 1.23 -3.10

HTG Molecular Diagnostics Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.92 104.51 7.77 -3.10 -2.58

HTGMQ vs ABMC, TMO, DHR: Beneish M-Score Comparison

For the Diagnostics & Research subindustry, HTG Molecular Diagnostics's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HTG Molecular Diagnostics Beneish M-Score vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, HTG Molecular Diagnostics's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where HTG Molecular Diagnostics's Beneish M-Score falls into.


HTGMQ
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HTG Molecular Diagnostics Inc HTGMQ
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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HTG Molecular Diagnostics Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of HTG Molecular Diagnostics for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 2.1047+0.528 * 2.3924+0.404 * 0.7859+0.892 * 0.7181+0.115 * 0.9567
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1608+4.679 * -0.302595-0.327 * 1.4585
=-2.66

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar23) TTM:Last Year (Mar22) TTM:
Total Receivables was $1.13 Mil.
Revenue was 1.033 + 2.439 + 1.251 + 1.492 = $6.22 Mil.
Gross Profit was -0.117 + 0.408 + 0.58 + 0.477 = $1.35 Mil.
Total Current Assets was $9.19 Mil.
Total Assets was $10.87 Mil.
Property, Plant and Equipment(Net PPE) was $1.42 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.49 Mil.
Selling, General, & Admin. Expense(SGA) was $14.46 Mil.
Total Current Liabilities was $6.56 Mil.
Long-Term Debt & Capital Lease Obligation was $0.42 Mil.
Net Income was -5.055 + -4.693 + -4.516 + -5.888 = $-20.15 Mil.
Non Operating Income was -0.04 + 0 + 0.008 + 0 = $-0.03 Mil.
Cash Flow from Operations was -4.364 + -2.023 + -4.595 + -5.85 = $-16.83 Mil.
 Total Receivables was $0.75 Mil.
Revenue was 1.184 + 2.877 + 2.52 + 2.074 = $8.66 Mil.
Gross Profit was 0.329 + 1.522 + 1.537 + 1.103 = $4.49 Mil.
Total Current Assets was $25.42 Mil.
Total Assets was $28.46 Mil.
Property, Plant and Equipment(Net PPE) was $2.19 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.71 Mil.
Selling, General, & Admin. Expense(SGA) was $17.35 Mil.
Total Current Liabilities was $8.49 Mil.
Long-Term Debt & Capital Lease Obligation was $4.05 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(1.132 / 6.215) / (0.749 / 8.655)
=0.18214 / 0.08654
=2.1047

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(4.491 / 8.655) / (1.348 / 6.215)
=0.518891 / 0.216895
=2.3924

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (9.187 + 1.421) / 10.866) / (1 - (25.417 + 2.187) / 28.464)
=0.023744 / 0.030214
=0.7859

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=6.215 / 8.655
=0.7181

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0.708 / (0.708 + 2.187)) / (0.488 / (0.488 + 1.421))
=0.24456 / 0.255631
=0.9567

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(14.462 / 6.215) / (17.35 / 8.655)
=2.326951 / 2.004622
=1.1608

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0.423 + 6.559) / 10.866) / ((4.046 + 8.494) / 28.464)
=0.642555 / 0.440556
=1.4585

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-20.152 - -0.032 - -16.832) / 10.866
=-0.302595

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

HTG Molecular Diagnostics has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
HTG Molecular Diagnostics (HTGMQ) has a Beneish M-Score of 0.00 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on HTG Molecular Diagnostics and its competitors.
Is HTG Molecular Diagnostics' Beneish M-Score too high?
HTG Molecular Diagnostics' current Beneish M-Score is 0.00. Overall, HTG Molecular Diagnostics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does HTG Molecular Diagnostics' Beneish M-Score compare to ABMC and TMO?
HTG Molecular Diagnostics' Beneish M-Score of 0.00 can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Medical Diagnostics & Research company?
A good Beneish M-Score depends on the Medical Diagnostics & Research industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on HTG Molecular Diagnostics and its competitors. HTG Molecular Diagnostics's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HTG Molecular Diagnostics stock overvalued right now?
HTG Molecular Diagnostics (HTGMQ) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. HTG Molecular Diagnostics' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For HTG Molecular Diagnostics (HTGMQ), the current Beneish M-Score is 0.00 as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

HTG Molecular Diagnostics Business Description

Address 3430 E. Global Loop, Tucson, AZ, USA, 85706
HTG Molecular Diagnostics Inc is a life science company whose mission is to advance precision medicine through its transcriptome-wide profiling and medicinal chemistry technologies. The company derives revenue from sales of its HTG EdgeSeq system and integrated next-generation sequencing-based HTG EdgeSeq research use only assays and from sample processing services performed in its VERI/O laboratory. The company operates in one segment and its customers and distributors are located in the United States and Europe.
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