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SpectraCure AB (SE:SPEC)
:SPEC

SpectraCure AB (SPEC) AI Stock Analysis

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SE:SPEC

SpectraCure AB

(SPEC)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
kr0.08
▼(-55.56% Downside)
Action:ReiteratedDate:03/02/26
The score is primarily weighed down by weak financial performance (minimal revenue, deepening losses, and continued negative free cash flow implying ongoing funding needs). Technicals add further pressure with a sustained downtrend and negative MACD. Valuation metrics provide little support due to a negative P/E and no dividend yield data.
Positive Factors
Low Financial Leverage
Low absolute debt relative to equity reduces financing fixed-cost burden and preserves balance-sheet flexibility over the medium term. With modest leverage the company can pursue additional funding or partnerships without high interest expense, supporting continued clinical development and strategic optionality.
Negative Factors
Minimal Revenue and Widening Losses
The company remains effectively pre-commercial with negligible revenue while losses have widened materially. Without scalable revenue to absorb R&D and operating costs, sustained negative profitability undermines internal funding capacity and increases reliance on external capital to reach commercialization milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Low absolute debt relative to equity reduces financing fixed-cost burden and preserves balance-sheet flexibility over the medium term. With modest leverage the company can pursue additional funding or partnerships without high interest expense, supporting continued clinical development and strategic optionality.
Read all positive factors

SpectraCure AB (SPEC) vs. iShares MSCI Sweden ETF (EWD)

SpectraCure AB Business Overview & Revenue Model

Company Description
SpectraCure AB (SPEC) is a medical technology company operating primarily in the field of cancer treatment. The company specializes in developing and commercializing innovative systems for photodynamic therapy (PDT), a minimally invasive treatment...
How the Company Makes Money
null...

SpectraCure AB Financial Statement Overview

Summary
Financial profile is pressured by minimal revenue and persistent, worsening losses (2025 net loss deepened materially vs 2024) alongside consistently negative operating and free cash flow (2025 FCF about -24.0M). The main offset is a relatively low-debt balance sheet versus equity, which reduces leverage risk but does not solve ongoing funding needs if cash burn persists.
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.00318.00K539.00K0.00
Gross Profit-30.14M9.77M-9.22M3.58M1.39M
EBITDA-24.22M-20.42M-20.97M-22.27M-20.43M
Net Income-56.08M-23.00M-20.44M-25.33M-23.34M
Balance Sheet
Total Assets104.47M121.00M144.83M162.42M190.52M
Cash, Cash Equivalents and Short-Term Investments13.53M18.27M56.95M93.18M129.69M
Total Debt3.01M5.14M6.72M2.70M4.90M
Total Liabilities10.92M14.15M14.97M12.12M14.84M
Stockholders Equity93.55M106.86M129.86M150.30M175.68M
Cash Flow
Free Cash Flow-24.03M-37.10M-34.45M-33.08M-27.09M
Operating Cash Flow-24.03M-21.83M-18.68M-22.96M-18.60M
Investing Cash Flow-19.64M-15.28M-15.56M-11.35M-8.49M
Financing Cash Flow38.92M-1.57M-1.99M-2.20M-453.00K

SpectraCure AB Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.18
Price Trends
50DMA
0.09
Negative
100DMA
0.12
Negative
200DMA
0.16
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
41.88
Neutral
STOCH
31.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SPEC, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.88 is Neutral, neither overbought nor oversold. The STOCH value of 31.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SPEC.

SpectraCure AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
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%
47
Neutral
kr306.50M-1.43-253.54%36.15%26.67%
44
Neutral
kr56.44M-8.36
43
Neutral
kr49.07M-1.14-50.21%-108.64%
43
Neutral
kr137.46M-1.96
42
Neutral
kr20.11M-2.89-60.56%163.12%30.50%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:SPEC
SpectraCure AB
0.09
-0.68
-88.80%
SE:SCIB
SciBase Holding AB
0.37
0.04
11.11%
SE:LXB
Luxbright AB
0.15
-0.63
-80.46%
SE:HEART
Scandinavian Real Heart AB
13.75
0.70
5.34%
SE:SDOS
ScandiDos AB
0.99
-0.29
-22.66%
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.Date of analysis: Mar 02, 2026