Insplorion AB (INSP) AI Stock Analysis

• Market Cap: kr3.50M
• Dividend Yield: N/A
• Average Volume (3M): 457.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.12
• Revenue Growth: -0.75%
• EPS Growth: 65.47%
• Country: SE
• Employees: 11
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.21
• 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): 1.11
• Price to Sales (P/S): 4.49
• P/FCF Ratio: 0.00
• 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): -0.1
• Revenue Forecast (FY): kr15.00M

• Rating: 41 Neutral
• Price Target: kr0.04 ▼(-64.55% Downside)
• Action: Upgraded Date: 02/19/26
• Date: Action: Upgraded 02/19/26

Overall score is driven primarily by weak financial performance—persistent losses, minimal/volatile revenue, and ongoing operating cash burn—partly offset by low leverage. Technicals also weigh heavily given the pronounced downtrend (price below all key moving averages and negative MACD). Valuation provides limited support due to negative earnings (negative P/E) and no dividend yield data.

Positive Factors

Proprietary Technology

Owning a proprietary measurement technology (NPS) gives Insplorion a durable technical moat in specialized sensing. This supports long-term differentiation in R&D and gas-analysis markets, enables higher switching costs for customers, and underpins future product extensions or licensing opportunities.

Multiple Revenue Streams

A revenue model spanning hardware sales, recurring consumables, and engineering/services provides structural diversification. Over 2-6 months this reduces single-product dependence, helps smooth revenue volatility, and creates avenues for recurring margins and customer lifecycle monetization.

Low Leverage

Having little to no debt materially reduces solvency and interest-rate risk, preserving financial flexibility to fund development or withstand cash-flow variability. Low leverage limits refinancing pressure and supports a longer runway while management pursues commercialization.

Negative Factors

Persistent Cash Burn

Consistent negative operating cash flow signals structural inability to self-fund growth or R&D. Over a medium-term horizon this increases reliance on external financing, raises dilution or covenant risk, and constrains investments needed to scale sales, service infrastructure, or product development.

Structural Losses

Deep and recurring operating losses, and a negative gross margin in the latest year, indicate the business lacks sustainable unit economics. Without durable margin recovery, profitability will remain out of reach, undermining free-cash-flow generation and long-term viability without business model change.

Small & Volatile Revenue Base

A tiny, inconsistent revenue stream combined with shrinking assets and equity points to weak market traction and value erosion. Over months this limits scale economies, makes fixed costs harder to absorb, and increases the probability management must seek capital or restructure operations.

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

Financial profile is weak: very small and inconsistent revenue, structurally large losses (EBIT/EBITDA deeply negative) and net losses widening in 2025. Cash generation is a major risk with consistently negative operating cash flow and generally negative free cash flow. Low leverage (zero debt in 2025) is a partial offset, but shrinking assets/equity and strongly negative ROE indicate ongoing value erosion.

Income Statement

Revenue remains very small and inconsistent over time (down in 2023–2024, modestly higher in 2025), while profitability is structurally weak. Gross profit swung from positive in 2020–2024 to sharply negative in 2025, and the business has reported large operating losses every year (EBIT and EBITDA deeply negative throughout). Net losses persist and widened again in 2025 versus 2024, indicating limited operating leverage and a high cost base relative to sales.

Balance Sheet

Leverage is low (debt-to-equity near zero across the period and zero debt in 2025), which reduces solvency risk. However, the balance sheet has been shrinking materially: total assets and equity fell significantly from 2020–2022 levels to 2025, consistent with ongoing losses and cash burn. Returns on equity are strongly negative in years provided (2020–2024), highlighting value erosion despite low debt.

Cash Flow

Operating cash flow is consistently negative each year and deteriorated in 2025 versus 2024, signaling continued cash burn to fund operations. Free cash flow is also negative in most years (2020–2024), and while 2025 shows free cash flow at zero, it coincides with sharply negative gross profit and continued operating cash outflows, suggesting limited underlying improvement. Overall, cash generation remains a key weakness and implies ongoing reliance on external funding or balance-sheet liquidity.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.88M	1.86M	1.95M	3.01M	2.33M
Gross Profit	-19.66M	4.28M	6.61M	2.57M	4.88M
EBITDA	-18.93M	-18.37M	-23.31M	-20.58M	-11.16M
Net Income	-28.81M	-19.66M	-24.27M	-28.71M	-11.78M
Balance Sheet
Total Assets	10.75M	31.52M	30.07M	47.09M	72.08M
Cash, Cash Equivalents and Short-Term Investments	2.60M	12.75M	11.20M	26.41M	49.46M
Total Debt	0.00	269.00K	1.21M	1.58M	2.40M
Total Liabilities	3.15M	5.29M	5.31M	7.71M	11.48M
Stockholders Equity	7.60M	26.23M	24.76M	39.38M	60.60M
Cash Flow
Free Cash Flow	0.00	-15.64M	-19.28M	-22.26M	-17.97M
Operating Cash Flow	-16.97M	-15.64M	-19.28M	-20.33M	-14.68M
Investing Cash Flow	-3.16M	-3.00M	-5.15M	-1.93M	-3.29M
Financing Cash Flow	9.98M	20.20M	9.22M	-784.00K	866.00K

Insplorion AB Technical Analysis

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

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 above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.09, and below the 200-day MA of 0.27, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 33.88 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, 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%
FING.B	49 Neutral	kr57.19M	-2.20	-37.93%	―	-82.93%	94.83%
RO	47 Neutral	kr60.26M	-2.67	-26.75%	―	-0.73%	-136.62%
ACCON	47 Neutral	kr804.34M	-42.57	-9.00%	―	-1.32%	51.89%
GPX	45 Neutral	kr66.22M	-9.07	―	―	-15.54%	-263.54%
INSP	41 Neutral	kr3.50M	-0.29	-93.13%	―	-0.75%	65.47%