Insplorion AB (INSP) AI Stock Analysis

• Market Cap: kr5.16M
• Dividend Yield: N/A
• Average Volume (3M): 457.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.70
• 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: kr0.06 ▼(-42.73% Downside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is driven primarily by weak financial performance (persistent losses and ongoing operating cash burn) and bearish technicals (below key moving averages with negative MACD). Valuation is constrained by negative earnings and no provided dividend yield, offering limited offset.

Positive Factors

Proprietary NPS technology

Insplorion’s proprietary Nanoplasmonic Sensing (NPS) platform provides a durable technical differentiation in niche measurement markets (materials R&D and gas analysis). Specialized instrumentation and domain expertise create higher switching costs and long product development cycles, supporting persistent competitive advantage if commercial traction scales.

Low leverage / zero debt

The company’s near-zero debt profile reduces solvency risk and gives financial flexibility to fund development or restructure operations without immediate refinancing pressure. Over a multi-month horizon this balance-sheet conservatism supports continued operations and strategic options while losses persist.

Diversified revenue mix potential

Insplorion’s business model includes hardware sales, consumables, service/engineering and collaboration/licensing, offering structural potential for recurring and higher-margin aftermarket revenue. If adoption grows, this mix can stabilize cash flows and improve lifetime customer economics versus single-sale hardware dependency.

Negative Factors

Persistent operating losses

Consistent, material operating losses and a swing to sharply negative gross profit in 2025 signal structural unprofitability. Enduring negative margins limit internally generated reinvestment capacity and imply the company must materially improve pricing, volumes, or cost structure to achieve sustainable profitability over the medium term.

Consistent operating cash burn

Persistent negative operating cash flow and mostly negative free cash flow indicate ongoing cash burn to fund operations. This chronic outflow necessitates external funding or asset drawdowns, creating execution risk and potential dilution unless the company demonstrably generates positive operating cash or secures reliable financing sources.

Shrinking assets and eroding equity

Material declines in total assets and shareholders’ equity, paired with strongly negative returns on equity, reflect capital erosion from sustained losses. This weakens the company’s capacity to invest in R&D, scale production, or absorb shocks, increasing long-term operational vulnerability despite low debt.

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

Income statement and cash flow are very weak: revenue is small and inconsistent, losses are persistent (EBIT/EBITDA deeply negative), and operating cash flow remains negative with ongoing cash burn. The main offset is low leverage and zero debt in 2025, but shrinking assets/equity and strongly negative returns indicate continued financial pressure.

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: Neutral
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Neutral. The current price of 0.11 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.08, and below the 200-day MA of 0.25, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.39 is Neutral, neither overbought nor oversold. The STOCH value of 68.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	47 Neutral	kr63.25M	-2.20	-37.93%	―	-82.93%	94.83%
ACCON	47 Neutral	kr797.96M	-42.57	-9.00%	―	-1.32%	51.89%
GPX	45 Neutral	kr69.40M	-9.07	―	―	-15.54%	-263.54%
RO	44 Neutral	kr59.99M	-2.67	-26.75%	―	-0.73%	-136.62%
INSP	41 Neutral	kr5.16M	-0.29	-153.88%	―	-0.75%	65.47%