Want to see SE:ACARIX full AI Analyst Report?
Top Page
Acarix AB
(ACARIX)
Select Model
Select Model
Rating:43Neutral
Price Target:
kr0.23
▼(-17.50% Downside)
Action:Reiterated
Date:08/19/26
The score is primarily held down by very large operating losses and ongoing cash burn despite improving revenue and gross margin. Technicals also show a weak trend (below major moving averages with negative MACD). Valuation is difficult to support with a negative P/E and no dividend yield.
Positive Factors
Revenue Growth
Improving revenue shows continued commercial traction for Acarix’s cardiovascular diagnostic offering. Sustained growth can expand the installed base and improve operating leverage if adoption continues across healthcare providers.
Negative Factors
Deep Operating Losses
Profitability remains far below breakeven, showing that the current revenue base does not cover the company’s cost structure. Persistent operating losses could limit reinvestment capacity and require additional capital before scale benefits emerge.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Improving revenue shows continued commercial traction for Acarix’s cardiovascular diagnostic offering. Sustained growth can expand the installed base and improve operating leverage if adoption continues across healthcare providers.
Read all positive factors
Acarix AB (ACARIX) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr274.65M
Dividend YieldN/A
Average Volume (3M)1.57M
Price to Earnings (P/E)―
Beta (1Y)-0.21
Revenue Growth65.82%
EPS Growth41.28%
CountrySE
Employees8
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,123,320,200
10 Day Avg. Volume1,780,482
30 Day Avg. Volume1,572,056
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)7.91
Price to Sales (P/S)41.02
P/FCF Ratio-6.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.1
Revenue Forecast (FY)kr19.10M
Acarix AB Business Overview & Revenue Model
Company Description
Acarix AB (publ) is a medical technology company that develops and introduces diagnostic solutions for cardiovascular conditions to markets including Germany, Sweden, the Middle East, Switzerland, Austria, and globally. Their key product is the CA...
How the Company Makes Money
Acarix makes money primarily by selling and/or licensing its CADScor System for clinical use. Revenue is generated from (1) system-related sales to healthcare providers (e.g., devices and associated components) and (2) recurring income tied to usa...
Acarix AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.22M | 7.36M | 6.20M | 6.24M | 5.82M | 3.76M |
| Gross Profit | 5.15M | 2.76M | 5.59M | 5.30M | 4.62M | 2.82M |
| EBITDA | -34.79M | -44.53M | -62.63M | -77.12M | -76.12M | -50.52M |
| Net Income | -39.38M | -48.09M | -66.19M | -77.84M | -76.98M | -51.80M |
Balance Sheet | ||||||
| Total Assets | 47.74M | 48.33M | 80.76M | 62.88M | 69.48M | 118.60M |
| Cash, Cash Equivalents and Short-Term Investments | 28.88M | 18.27M | 53.99M | 35.15M | 11.31M | 15.81M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 251.00K | 523.00K |
| Total Liabilities | 3.96M | 10.16M | 5.06M | 11.00M | 17.66M | 18.06M |
| Stockholders Equity | 43.78M | 38.17M | 75.70M | 51.88M | 51.83M | 100.54M |
Cash Flow | ||||||
| Free Cash Flow | -23.23M | -49.14M | -64.25M | -81.37M | -75.02M | -48.05M |
| Operating Cash Flow | -34.77M | -48.38M | -63.33M | -81.37M | -74.87M | -48.01M |
| Investing Cash Flow | -454.00K | -757.00K | -920.00K | 0.00 | -151.00K | -43.00K |
| Financing Cash Flow | 32.04M | 11.11M | 86.98M | 106.23M | 69.03M | -164.00K |
Acarix AB Technical Analysis
Negative
0.28
Price Trends
0.25
Negative
0.26
Negative
0.27
Negative
Market Momentum
>-0.01
Positive
36.76
Neutral
18.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ACARIX, the sentiment is Negative. The current price of 0.28 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.25, and above the 200-day MA of 0.27, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.76 is Neutral, neither overbought nor oversold. The STOCH value of 18.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ACARIX.
Acarix AB Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | kr386.73M | -80.27 | -3.61% | ― | 15.87% | 92.43% | |
52 Neutral | kr543.18M | -64.58 | -2.84% | ― | -13.72% | 52.47% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
47 Neutral | kr276.41M | -6.02 | -25.09% | ― | 6.49% | 25.03% | |
44 Neutral | kr622.57M | -5.58 | -37.43% | ― | 27.40% | 26.07% | |
43 Neutral | kr274.65M | -7.19 | -106.02% | ― | 65.82% | 41.28% | |
42 Neutral | kr464.63M | -9.28 | ― | ― | -2.61% | -0.28% |
* Healthcare Sector Average
SE:ACARIX
Acarix AB
0.24
-0.12
-33.43%
SE:SEZI
Senzime AB
4.04
-2.56
-38.86%
SE:BACTI.B
Bactiguard Holding AB
15.20
-12.80
-45.71%
SE:BRAIN
BrainCool AB
0.70
-0.35
-33.14%
SE:MNTC
Mentice AB
13.80
-0.15
-1.08%
SE:OSSD
OssDsign AB
3.96
-12.58
-76.09%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.