SpectraCure AB (SPEC) AI Stock Analysis

• Market Cap: €100.33M
• Dividend Yield: N/A
• Average Volume (3M): 5.03M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.49
• Revenue Growth: N/A
• EPS Growth: -61.38%
• Country: SE
• Employees: 16
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Devices
• EPS (TTM): -0.02
• Shares Outstanding: 401,334,320
• 10 Day Avg. Volume: 13,099,715
• 30 Day Avg. Volume: 5,026,116
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €0.45
• Price Target Upside: 78.83% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 39 Underperform
• Price Target: kr0.00 ▼(-100.00% Downside)

The overall stock score is heavily influenced by the company's financial distress, as indicated by negative profitability and cash flow challenges. The technical analysis also points to a bearish trend, reinforcing the negative outlook. Valuation metrics further highlight the investment risks due to the lack of profitability and dividend yield.

SpectraCure AB Business Overview & Revenue Model

Company Description

SpectraCure AB (publ) focuses on cancer treatment utilizing laser light sources and photo reactive drugs. It develops IDOSE software with interstitial photodynamic therapy system, which is in Phase II clinical trial for the treatment of solid tumors. The company was founded in 2003 and is based in Lund, Sweden.

How the Company Makes Money

SpectraCure AB generates revenue primarily through the development, sales, and licensing of its proprietary photodynamic therapy systems. The company's IPDT system is designed for use in clinical settings, and revenue is earned from selling the system to hospitals and clinics. Additional revenue streams may include service agreements, maintenance contracts, and the sale of consumables required for treatment procedures. SpectraCure may also engage in strategic partnerships with healthcare providers and research institutions to expand the adoption of its technology, potentially leading to collaborative revenue-sharing arrangements. The company's income is influenced by the adoption rate of its technology, clinical trial outcomes, and regulatory approvals that permit market expansion.

SpectraCure AB Financial Statement Overview

Summary

SpectraCure AB exhibits financial distress with consistent net losses, negative margins, and cash flow challenges despite some revenue growth. The high equity ratio and low debt offer some stability, but operational inefficiencies and negative profitability metrics pose significant risks.

Income Statement

SpectraCure AB has shown a significant increase in total revenue from 2023 to 2024, but this growth is overshadowed by consistently high net losses over the years. Gross profit margin has improved, indicating better cost management, but negative EBIT and EBITDA margins highlight ongoing operational struggles. Revenue growth is positive, yet the persistent negative net profit margin signals financial instability.

Balance Sheet

SpectraCure AB maintains a high equity ratio, suggesting financial stability and a low reliance on debt. However, the company has experienced declining stockholders' equity over recent years. Despite a low debt-to-equity ratio, the negative net income affects the return on equity, indicating inefficiencies in generating returns from equity investments.

Cash Flow

The cash flow statement reflects challenges in achieving positive cash flows, with negative operating and free cash flows throughout. The free cash flow to net income ratio remains concerning, as cash outflows exceed inflows. Operating cash flow relative to net income suggests difficulties in converting sales into actual cash, hampering financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	318.00K	539.00K	0.00	1.21K
Gross Profit	9.85M	9.77M	-9.22M	3.58M	1.39M	2.35M
EBITDA	-20.81M	-20.42M	-20.97M	-22.27M	-20.43M	-12.88M
Net Income	-24.44M	-23.00M	-20.44M	-25.33M	-23.34M	-15.41M
Balance Sheet
Total Assets	173.51M	121.00M	144.83M	162.42M	190.52M	210.53M
Cash, Cash Equivalents and Short-Term Investments	9.25M	18.27M	56.95M	93.18M	129.69M	157.24M
Total Debt	3.99M	5.14M	6.72M	2.70M	4.90M	5.36M
Total Liabilities	38.63M	14.15M	14.97M	12.12M	14.84M	13.32M
Stockholders Equity	134.88M	106.86M	129.86M	150.30M	175.68M	197.22M
Cash Flow
Free Cash Flow	-27.49M	-37.10M	-34.45M	-33.08M	-27.09M	-19.99M
Operating Cash Flow	-11.51M	-21.83M	-18.68M	-22.96M	-18.60M	-9.40M
Investing Cash Flow	-15.98M	-15.28M	-15.56M	-11.35M	-8.49M	-10.58M
Financing Cash Flow	870.00K	-1.57M	-1.99M	-2.20M	-453.00K	123.02M

SpectraCure AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SPEC, the sentiment is Positive. The current price of 0.25 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and below the 200-day MA of 0.59, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 73.57 is Negative, neither overbought nor oversold. The STOCH value of 64.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SPEC.

SpectraCure AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SCIB	46 Neutral	155.32M	-1.13	-166.78%	―	34.78%	26.34%
SPEC	39 Underperform	€100.33M	―	-19.36%	―	―	-61.38%
LXB	37 Underperform	87.98M	-4.03	0.00%	―	163.12%	30.50%
HEART	34 Underperform	97.97M	-1.18	0.00%	―	0.00%	0.00%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%