SciBase Holding AB (SE:SCIB)
:SCIB
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SciBase Holding AB
(SCIB)
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Rating:47Neutral
Price Target:
kr0.46
▲(40.30% Upside)
Action:Reiterated
Date:05/14/26
The score is held down primarily by very weak financial performance—large operating losses and significant ongoing cash burn—despite decent revenue growth and manageable leverage. Technicals are supportive (uptrend with positive MACD), but overbought signals (RSI/Stoch) add near-term risk. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Recurring consumable revenue
SciBase’s business model includes recurring, usage-linked sales of consumables and single-use components tied to installed devices. This creates repeatable revenue streams and lifetime customer value, improving long-term revenue visibility and supporting margin scalability as installed base grows.
Negative Factors
Very large operating losses
Operating losses vastly exceed revenues on a TTM basis, indicating the cost base is far ahead of current commercial traction. Such structural unprofitability undermines internal funding capacity and prolongs the timeline to sustainable earnings without material cost reduction or outsized revenue acceleration.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumable revenue
SciBase’s business model includes recurring, usage-linked sales of consumables and single-use components tied to installed devices. This creates repeatable revenue streams and lifetime customer value, improving long-term revenue visibility and supporting margin scalability as installed base grows.
Read all positive factors
SciBase Holding AB (SCIB) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr519.45M
Dividend YieldN/A
Average Volume (3M)318.73K
Price to Earnings (P/E)―
Beta (1Y)-0.08
Revenue Growth41.17%
EPS Growth29.20%
CountrySE
Employees32
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-0.21
Shares Outstanding1,022,529,970
10 Day Avg. Volume218,776
30 Day Avg. Volume318,725
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)18.68
Price to Sales (P/S)3.07
P/FCF Ratio-1.47
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)0.08
Revenue Forecast (FY)kr69.80M
SciBase Holding AB Business Overview & Revenue Model
Company Description
SciBase Holding AB (SCIB) is a Swedish medical technology company that specializes in developing innovative diagnostic solutions for skin cancer detection and monitoring. The company operates primarily in the healthcare sector, focusing on non-inv...
How the Company Makes Money
SciBase primarily makes money by selling and supporting its diagnostic platform for skin assessment used in clinical settings. Revenue is generated from (1) system-related sales (the placement/sale of Nevisense devices to clinics and hospitals) an...
SciBase Holding AB Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.88M | 40.46M | 29.70M | 23.25M | 17.89M | 11.73M |
| Gross Profit | 26.91M | 27.10M | 21.08M | 16.04M | 11.23M | 6.58M |
| EBITDA | -76.00M | -81.49M | -57.59M | -51.83M | -39.33M | -38.58M |
| Net Income | -95.21M | -87.06M | -61.13M | -55.59M | -39.90M | -41.69M |
Balance Sheet | ||||||
| Total Assets | 103.69M | 52.17M | 61.73M | 64.33M | 49.85M | 85.46M |
| Cash, Cash Equivalents and Short-Term Investments | 71.25M | 22.60M | 11.24M | 34.12M | 18.83M | 65.61M |
| Total Debt | 23.93M | 0.00 | 4.18M | 6.80M | 8.12M | 2.86M |
| Total Liabilities | 45.58M | 45.51M | 25.08M | 21.28M | 24.62M | 14.66M |
| Stockholders Equity | 58.11M | 6.66M | 36.65M | 43.06M | 25.24M | 70.80M |
Cash Flow | ||||||
| Free Cash Flow | -85.38M | -84.81M | -57.81M | -52.37M | -44.85M | -40.12M |
| Operating Cash Flow | -85.15M | -84.58M | -57.38M | -51.98M | -44.47M | -39.50M |
| Investing Cash Flow | -228.00K | -228.00K | -428.00K | -383.00K | -381.00K | -526.00K |
| Financing Cash Flow | 122.74M | 96.29M | 34.91M | 67.68M | -2.48M | 64.22M |
SciBase Holding AB Technical Analysis
Positive
0.33
Price Trends
0.39
Positive
0.32
Positive
0.30
Positive
Market Momentum
0.03
Negative
81.18
Negative
89.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SCIB, the sentiment is Positive. The current price of 0.33 is below the 20-day moving average (MA) of 0.44, below the 50-day MA of 0.39, and above the 200-day MA of 0.30, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 81.18 is Negative, neither overbought nor oversold. The STOCH value of 89.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SCIB.
SciBase Holding AB Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr123.91M | 35.29 | ― | ― | -12.51% | -59.88% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
51 Neutral | kr88.86M | -3.95 | ― | ― | ― | -4.00% | |
47 Neutral | kr519.45M | -2.93 | -253.54% | ― | 41.17% | 29.20% | |
47 Neutral | kr84.52M | -2.75 | ― | ― | -22.86% | 57.28% | |
46 Neutral | kr134.17M | -4.76 | -61.62% | ― | -29.16% | 44.24% | |
43 Neutral | kr38.26M | -2.89 | -60.56% | ― | 27.31% | 6.31% |
* Healthcare Sector Average
SE:SCIB
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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.