Insplorion AB (INSP) AI Stock Analysis

• Market Cap: kr8.55M
• Dividend Yield: N/A
• Average Volume (3M): 457.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.09
• Revenue Growth: -0.75%
• EPS Growth: 65.47%
• Country: SE
• Employees: 11
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.04
• Shares Outstanding: 78,827,700
• 10 Day Avg. Volume: 289,893
• 30 Day Avg. Volume: 457,192
• PEG Ratio: 0.01
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 6.79
• P/FCF Ratio: -0.81
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: kr0.10 ▼(-9.09% Downside)

The score is held down primarily by very weak financial fundamentals (deep losses and ongoing cash burn despite revenue growth). Technicals also remain bearish with the stock below major moving averages and negative MACD. Valuation offers limited support because the company is unprofitable and has no dividend yield.

Positive Factors

Proprietary Nanoplasmonic Sensing (NPS) tech

Owning a proprietary NPS platform gives Insplorion a durable product differentiation in niche gas and nanoparticle measurement markets. This supports sales of instruments, recurring consumables and services, enabling higher-margin project work and potential licensing or collaboration revenue over the medium term.

Low financial leverage

Very low debt materially reduces financial risk and preserves flexibility to finance R&D, commercialization, or strategic partnerships. With limited leverage, the company can access new funding without high fixed interest burdens, which is a durable buffer while it transitions toward profitability.

Reported TTM revenue growth

Sustained ~31% TTM revenue growth, albeit from a small base, indicates product traction and demand in core markets. If management can convert this adoption into scale and stabilize margins, the trend supports long-term revenue expansion and the build-out of recurring sales channels.

Negative Factors

Negative gross profit and wide operating losses

Negative gross profit and operating losses many times revenue reflect structural margin issues: the core product/service economics are currently unprofitable. Unless unit costs or pricing are materially improved, losses will persist and undermine the firm's ability to become self-sustaining.

Persistent cash burn and negative cash flow

Consistent, sizeable negative operating cash flow and deeply negative free cash flow indicate the business cannot fund operations internally. Over months, this increases reliance on external financing, dilutes equity, and limits capacity to invest in product scaling or customer support without new capital.

Eroding equity and very negative ROE

Material declines in equity and assets and extremely negative ROE signal that cumulative losses are eroding the balance sheet. This weakens financial resilience, reduces borrowing capacity, and poses a structural solvency risk if profitability and cash generation are not achieved within the medium term.

Insplorion AB Business Overview & Revenue Model

Company Description

Insplorion AB (INSP) is a Swedish technology company specializing in advanced measurement solutions for research and industrial applications. The company focuses on the development and commercialization of its proprietary Nano-Optical Sensor technology, which enables real-time monitoring and analysis of various materials and processes. Insplorion operates primarily in the sectors of nanotechnology, materials science, and environmental monitoring, providing innovative solutions to industries such as energy, pharmaceuticals, and electronics.

How the Company Makes Money

Insplorion AB generates revenue through the sale of its Nano-Optical Sensor products and related services. The company's revenue model is primarily based on direct sales to research institutions, universities, and industrial clients who require advanced measurement solutions for their applications. Additionally, Insplorion may engage in collaborations and partnerships with other companies and research organizations, allowing for joint development projects that can lead to new revenue opportunities. The company may also earn income through licensing agreements for its technology, further diversifying its revenue streams. Overall, Insplorion's earnings are supported by its innovative product offerings and strategic partnerships within the scientific and industrial communities.

Insplorion AB Financial Statement Overview

Summary

Despite strong TTM revenue growth (~31%), the company remains structurally weak financially: negative gross profit, extremely large operating losses versus revenue, and persistent cash burn (TTM operating cash flow about -16.3m; FCF about -11.8m). The balance sheet has very low leverage, but equity/assets have been eroding from ongoing losses.

Income Statement

TTM (Trailing-Twelve-Months) revenue is small (about 1.8m) but shows strong growth (~31%) versus the prior period; however, profitability remains very weak. Gross profit is negative in TTM (negative gross margin), and operating losses are extremely large versus revenue (EBIT margin around -10x revenue), with net losses staying near ~19–29m across the history. While losses narrowed from 2023 to 2024/TTM, the business is still far from breakeven and margins are highly volatile year to year.

Balance Sheet

Leverage is very low (TTM debt-to-equity ~0.5%), which meaningfully reduces financial risk and provides flexibility. That said, equity and total assets have declined materially since 2020–2022, reflecting ongoing losses and cash consumption, and returns on equity are sharply negative (around -75% to -98% in recent years), signaling weak capital efficiency. Overall, the balance sheet is conservatively financed but being eroded by persistent deficits.

Cash Flow

Cash generation is a major pressure point: operating cash flow is consistently negative and sizeable (TTM about -16.3m), with free cash flow also deeply negative (TTM about -11.8m). Free cash flow improved versus 2024 but remains negative, and the multi-year pattern shows continued cash burn rather than self-funding operations. The company’s losses are not being offset by cash inflows from the core business, increasing reliance on external funding over time.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.84M	1.86M	1.95M	3.01M	2.33M	1.18M
Gross Profit	-1.32M	4.28M	6.61M	2.57M	4.88M	5.24M
EBITDA	-18.39M	-18.37M	-23.31M	-20.58M	-11.16M	-12.34M
Net Income	-19.26M	-19.66M	-24.27M	-28.71M	-11.78M	-13.01M
Balance Sheet
Total Assets	27.54M	31.52M	30.07M	47.09M	72.08M	87.60M
Cash, Cash Equivalents and Short-Term Investments	7.27M	12.75M	11.20M	26.41M	49.46M	66.56M
Total Debt	122.00K	269.00K	1.21M	1.58M	2.40M	4.49M
Total Liabilities	3.60M	5.29M	5.31M	7.71M	11.48M	17.00M
Stockholders Equity	23.94M	26.23M	24.76M	39.38M	60.60M	70.60M
Cash Flow
Free Cash Flow	-11.83M	-15.64M	-19.28M	-22.26M	-17.97M	-10.01M
Operating Cash Flow	-16.27M	-15.64M	-19.28M	-20.33M	-14.68M	-5.30M
Investing Cash Flow	-3.50M	-3.00M	-5.15M	-1.93M	-3.29M	-4.71M
Financing Cash Flow	25.81M	20.20M	9.22M	-784.00K	866.00K	54.23M

Insplorion AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INSP, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.13, and below the 200-day MA of 0.32, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.32 is Neutral, neither overbought nor oversold. The STOCH value of 55.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:INSP.

Insplorion AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ACCON	54 Neutral	kr751.69M	-30.12	-9.00%	―	-1.32%	51.89%
GPX	46 Neutral	kr64.91M	-6.62	―	―	-15.54%	-263.54%
RO	44 Neutral	kr57.33M	-2.29	-26.75%	―	-0.73%	-136.62%
FING.B	43 Neutral	kr68.18M	-0.75	-37.93%	―	-82.93%	94.83%
INSP	42 Neutral	kr8.55M	-0.31	-93.13%	―	-0.75%	65.47%