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Spago Nanomedical AB
(SPAGO)
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Rating:44Neutral
Price Target:
kr0.11
▲(13.00% Upside)
Action:Reiterated
Date:07/03/26
The score is held down primarily by weak financial performance—minimal/volatile revenue, sustained large losses, and ongoing cash burn—despite the benefit of a debt-free balance sheet. Technical indicators are broadly neutral with slightly negative longer-term trend signals, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Debt-free balance sheet
A consistent zero-debt position materially lowers solvency risk for a clinical-stage biotech. It preserves financial flexibility to fund R&D through equity or partnerships rather than interest-bearing borrowings, reducing fixed costs and supporting multi-stage clinical programs over months.
Negative Factors
Sharp revenue decline
A ~72% TTM revenue drop signals weak commercialization or one-off revenues drying up, reducing internal funding capacity and increasing reliance on external capital. For a pre-commercial biotech, declining receipts undermine optionality and heighten financing and execution risk over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A consistent zero-debt position materially lowers solvency risk for a clinical-stage biotech. It preserves financial flexibility to fund R&D through equity or partnerships rather than interest-bearing borrowings, reducing fixed costs and supporting multi-stage clinical programs over months.
Read all positive factors
Spago Nanomedical AB (SPAGO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr94.60M
Dividend YieldN/A
Average Volume (3M)1.01M
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth-93.63%
EPS Growth29.38%
CountrySE
Employees13
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.06
Shares Outstanding808,588,800
10 Day Avg. Volume1,158,815
30 Day Avg. Volume1,005,829
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.42
Price to Sales (P/S)99.92
P/FCF Ratio-1.53
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)-0.05
Revenue Forecast (FY)N/A
Spago Nanomedical AB Business Overview & Revenue Model
Company Description
Operating primarily in Sweden, Spago Nanomedical AB (publ) is dedicated to pioneering nanomedicines for both the diagnosis and treatment of cancer. The company is actively pursuing two key projects: the SpagoPix initiative, centered on SN132D, a g...
How the Company Makes Money
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Spago Nanomedical AB Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 121.00K | 437.00K | 1.91M | 1.20M | 1.05M | 660.00K |
| Gross Profit | -21.50M | -19.38M | -12.36M | -23.28M | -15.60M | -16.78M |
| EBITDA | -27.04M | -26.39M | -33.40M | -42.22M | -38.73M | -38.69M |
| Net Income | -25.92M | -26.55M | -32.51M | -42.22M | -39.31M | -39.08M |
Balance Sheet | ||||||
| Total Assets | 30.34M | 36.68M | 39.58M | 52.98M | 205.95M | 191.62M |
| Cash, Cash Equivalents and Short-Term Investments | 25.92M | 29.67M | 32.47M | 45.22M | 62.10M | 52.46M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.14M | 5.94M | 6.35M | 11.67M | 8.80M | 6.81M |
| Stockholders Equity | 24.20M | 30.75M | 33.23M | 41.32M | 197.16M | 184.81M |
Cash Flow | ||||||
| Free Cash Flow | -25.13M | -28.53M | -34.90M | -45.06M | -42.02M | -40.20M |
| Operating Cash Flow | -25.13M | -28.30M | -34.67M | -44.91M | -38.19M | -35.57M |
| Investing Cash Flow | 38.00K | 633.00K | -230.00K | -506.00K | -3.83M | -4.63M |
| Financing Cash Flow | 24.43M | 24.87M | 22.15M | 28.53M | 51.66M | 64.21M |
Spago Nanomedical AB Technical Analysis
Neutral
0.10
Price Trends
0.12
Negative
0.12
Negative
0.12
Negative
Market Momentum
<0.01
Negative
51.41
Neutral
62.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SPAGO, the sentiment is Neutral. The current price of 0.1 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.41 is Neutral, neither overbought nor oversold. The STOCH value of 62.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:SPAGO.
Spago Nanomedical AB Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | kr45.37M | -1.74 | -457.91% | ― | ― | -28.21% | |
49 Neutral | kr131.67M | -2.74 | -52.45% | ― | 7.80% | 42.81% | |
48 Neutral | kr152.55M | 1.72 | -294.38% | ― | 57.22% | ― | |
44 Neutral | kr94.60M | -2.09 | -106.95% | ― | -93.63% | 29.38% | |
42 Neutral | kr14.68M | -0.36 | -120.13% | ― | ― | 24.27% |
* Healthcare Sector Average
SE:SPAGO
Spago Nanomedical AB
0.12
-0.08
-39.06%
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SE:NICA
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SE:MODTX
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0.37
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-24.19%
SE:NXTCL
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1.18
0.17
16.34%
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.