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Analyst Comment

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

Aiforia Technologies

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 is organizing a webinar to present Aiforia’s new Foundation Engine. "AI model development used to be a marathon of data and time, but...
yesterday
by Jekkku
15
We’ll know more within a couple of weeks. The minutes of the Annual General Meeting The minutes of the General Meeting will be available on ...
yesterday
by Puutaheinää
5
The largest owners apparently disagreed with the board on the method of raising funds. Is it correct that the board needs over 50% of the individual...
yesterday
by Vino Pino
9
I’m linking the mentioned Kauppalehti discussion thread here, even though I don’t consider it a reliable source: Aiforia | Sivu 21 | Kauppalehden...
yesterday
by NukkeNukuttaja
6
On the KL discussion board, in the Aiforia thread, a user named Aksolotli shed light on the matter yesterday at 7:17 PM, so it might be worth...
yesterday
by Optis
5
There’s no sense in not approving the authorization unless there’s an alternative plan to finance growth. A loan is, of course, out of the question...
yesterday
by Puutaheinää
1
If a share issue is desired, an extraordinary general meeting must first be held to authorize the board to arrange a new share issue. It’s quite...
yesterday
by Ripelein
3
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