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Aiforia's product portfolio expands with new CE-IVD approved solution for breast cancer diagnostics

AIFORIAAnalyst Comment24.06.2025, 12.49
Antti Luiro, Frans-Mikael Rostedt
Discuss

Translation: Original published in Finnish on 6/24/2025 at 1:41 pm EEST.

Aiforia announced a new CE-IVD marking for its clinical AI solution for breast cancer classification. According to the company, the approved AI solution automates breast cancer classification by supporting pathologists with five separate AI models. The solution accurately identifies invasive carcinoma and ductal carcinoma in situ variant (DCIS). In addition, it identifies and objectively counts the number of mitoses, tubule formation, and nuclear atypia according to the Nottingham classification system. Prior to the now approved solution, Aiforia already had four models supporting breast cancer diagnostics (KI-67, ER and PR cells, HER-2 classification).

This solution is Aiforia's ninth to receive CE-IVD approval in Europe. However, unlike previous approvals, the solution includes five separate AI models, so the approval significantly expands the company's product portfolio (8 models + 1 viewer -> 13 models + 1 viewer). The approval increases the potential scale of the company's new customer agreements and also enables larger expansions for existing customers. The release supports our view that the company's revenue growth will accelerate during the current year, as well as supporting the company's competitive position in a rapidly emerging market. 

Aiforia Technologies equips pathologists and researchers in preclinical and clinical laboratories with software to translate images into discoveries, decisions and diagnoses. The company's products and services are used for medical image analysis, across a variety of fields such as oncology and neuroscience. Aiforia Technologies is headquartered in Finland.

Read more on company page

Key Estimate Figures23.04.2025

202425e26e
Revenue2.94.77.6
growth-%18.9 %65.7 %60.0 %
EBIT (adj.)-12.2-11.9-12.0
EBIT-% (adj.)-427.8 %-252.9 %-158.1 %
EPS (adj.)-0.41-0.37-0.38
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.

Forum discussions

Aiforia Technologies Plc – Managerial transactions – Tuomas Tenkanen Aiforia Technologies Plc, Company Release, Managers’ Transactions June ...
18 hours ago
by Index
22
With today’s rise, Aiforia is now only -22% in my portfolio, so with this news, I’m definitely going to see this through to the end…
21 hours ago
by KooJii
6
And should have been the Chairman of the Board from the very beginning
yesterday
by kovatuotto
2
To clarify, Tuomas Tenkanen—who sold Mobidiag for 662 million—is one of Aiforia’s major owners, heavily involved in this and all of Aiforia’...
yesterday
by JusaVaan
17
I put in a bottom-fishing bid at the open just in case some fat cat panicked over the news and dumped their shares into the bid side, but the...
yesterday
5
Let’s hope for a similar process.. This was quite a significant deal. Ilta-Sanomat – 14 Apr 21 Koronatestin kehittänyt suomalaisyhtiö myytiin...
yesterday
by kovatuotto
4
The company has communicated about growth quite bullishly as long as funding for it is found, and now it has been found.
yesterday
by Puutaheinää
8