Nosa Plugs AB (NOSA) AI Stock Analysis

• Market Cap: kr156.10M
• Dividend Yield: N/A
• Average Volume (3M): 339.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.01
• Revenue Growth: 17.24%
• EPS Growth: 35.77%
• Country: SE
• Employees: 7
• Sector: Services
• Sector Strength: N/A
• Industry: Medical - Devices
• EPS (TTM): -0.02
• Shares Outstanding: 260,172,580
• 10 Day Avg. Volume: 252,761
• 30 Day Avg. Volume: 339,932
• PEG Ratio: 0.23
• Price to Book (P/B): 11.81
• Price to Sales (P/S): 12.14
• P/FCF Ratio: -13.30
• 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: 48 Neutral
• Price Target: kr0.61 ▲(9.64% Upside)

The score is held back primarily by weak financial performance—continued losses and negative free cash flow despite a strong, low-leverage balance sheet. Technicals provide only modest support (price above short-term averages but below the 200DMA), while valuation is constrained by a negative P/E and no dividend yield provided.

Positive Factors

Very low leverage / strong solvency

Extremely low debt loads give the company durable financial flexibility, allowing it to absorb shortfalls, fund targeted investments or R&D, and survive operational volatility while pursuing a path to profitability without heavy interest burdens.

High gross margins

A ~73% gross margin indicates attractive unit economics for nasal products; structurally this supports reinvestment in distribution or marketing and provides room to cover fixed costs, improving the odds of achieving sustainable profits as scale grows.

Improving profitability trend

Narrowing losses versus prior years show management is making progress on cost control or product mix, which is a durable indicator that the business model can move toward breakeven if revenue stabilizes and efficiency gains continue.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flow means the company requires external financing to fund ongoing operations and growth; this dependence constrains strategic choices, increases dilution or refinancing risk, and weakens long-term resilience.

Meaningful net losses

A deep negative net margin and negative returns indicate the capital base isn't producing profits; absent sustained revenue scaling or sharper cost reductions, this structural unprofitability threatens long-term viability and investor patience.

TTM revenue decline

Trailing-twelve-month revenue contraction suggests demand or distribution challenges; for a consumable-driven medical device business, declining top line undermines the ability to leverage high gross margins and threatens the path to sustainable cash generation.

Nosa Plugs AB Business Overview & Revenue Model

Company Description

Nosa Plugs AB, a medical technology company, manufactures and sells intranasal breathing products primarily in Europe and North America. Its products include NOSA plugs, such as NOSA odor control products for odor protection; NOSA microbial control products to reduce the exposure of viruses and bacteria by inhalation through the nose; and NOSA allergy filter that filters harmful airborne particles, such as pollen, pet dander, dust, and mold. The company was incorporated in 2014 and is based in Stockholm, Sweden.

How the Company Makes Money

Nosa Plugs AB generates revenue primarily through the sale of its electrical connectors and plugs, which are sold to various sectors, including automotive manufacturers, telecommunications companies, and electronics manufacturers. The company's revenue model is based on both direct sales to customers and partnerships with distributors who help reach a broader market. Key revenue streams include bulk orders from OEMs, smaller orders from retail clients, and custom connector solutions tailored to specific customer requirements. Additionally, NOSA has established significant partnerships with industry players, enabling collaborative product development and access to new markets, which further enhances its earning potential.

Nosa Plugs AB Financial Statement Overview

Summary

Balance sheet strength (very low leverage; Balance Sheet Score 72) is offset by weak operating fundamentals: revenue is down TTM (-3.7%) with continued large losses (Income Statement Score 34) and ongoing cash burn (Cash Flow Score 28). Profitability has improved versus prior years, but the business remains meaningfully unprofitable and not yet self-funding.

Income Statement

TTM (Trailing-Twelve-Months) revenue is down (-3.7%), but profitability has improved versus prior years: gross margin is strong (about 73%) and losses have narrowed materially from the very large 2023 and 2022 deficits. That said, the company remains meaningfully unprofitable with negative operating profit and a net loss (net margin around -54%), so the current earnings profile still relies on continued scaling and/or cost control to reach breakeven.

Balance Sheet

The balance sheet is a clear strength: leverage is very low in TTM (Trailing-Twelve-Months) with debt-to-equity near 0.01, and equity is sizable relative to the asset base. However, returns remain negative (TTM return on equity is meaningfully below zero), reflecting that the capital base is not yet producing positive earnings—good solvency, but weak profitability on capital.

Cash Flow

Cash generation remains pressured: TTM (Trailing-Twelve-Months) operating cash flow is negative and free cash flow is also negative, indicating ongoing cash burn. Free cash flow burn has improved versus 2024, but it is still not self-funding, and cash flow continues to lag net losses (i.e., the business has not yet converted operations into sustainable cash generation).

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	17.53M	16.10M	10.39M	6.85M	5.85M	1.37M
Gross Profit	12.79M	11.20M	6.92M	-13.64M	-6.45M	-103.59M
EBITDA	-6.99M	-8.45M	-44.98M	-7.59M	-38.60M	-204.69M
Net Income	-9.53M	-10.16M	-46.55M	-17.82M	-58.56M	-229.12M
Balance Sheet
Total Assets	67.06M	20.70M	33.08M	21.67M	40.09M	116.25M
Cash, Cash Equivalents and Short-Term Investments	18.82M	4.31M	1.19M	2.52M	10.40M	87.81M
Total Debt	305.00K	1.01M	1.88M	1.72M	9.04M	3.28M
Total Liabilities	25.36M	4.14M	6.33M	3.33M	980.00K	14.61M
Stockholders Equity	41.71M	16.56M	26.75M	6.70M	39.10M	101.64M
Cash Flow
Free Cash Flow	-3.42M	-14.70M	-18.35M	-5.19M	-16.81M	-79.14M
Operating Cash Flow	-8.04M	-10.03M	-17.50M	-5.13M	-6.21M	-69.96M
Investing Cash Flow	-14.39M	-4.71M	14.55M	-61.00K	-52.20M	-8.21M
Financing Cash Flow	31.31M	17.81M	1.61M	5.29M	-119.00K	139.27M

Nosa Plugs AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.56
• 50DMA: Positive
• 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:NOSA, the sentiment is Positive. The current price of 0.56 is above the 20-day moving average (MA) of 0.54, above the 50-day MA of 0.54, and below the 200-day MA of 0.70, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.22 is Neutral, neither overbought nor oversold. The STOCH value of 59.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NOSA.

Nosa Plugs AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARCOMA	58 Neutral	kr103.88M	22.65	―	―	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
NOSA	48 Neutral	kr156.10M	-14.53	―	―	17.24%	35.77%
BRAIN	48 Neutral	kr148.66M	-3.13	-27.22%	―	16.38%	35.71%
NEOLA	45 Neutral	kr66.10M	-5.74	―	―	―	―
SCIB	44 Neutral	kr207.09M	-0.97	-253.54%	―	36.15%	26.67%
LXB	44 Neutral	kr64.68M	-3.02	-60.20%	―	163.12%	30.50%