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New NBS 6 system order for Nexstim from USA

NXTMHAnalyst Comment06.07.2026, 08.17
Atte RiikolaAnalyst
Discuss

Translation: Original published in Finnish on 7/6/2026 at 9:04 am EEST.

Nexstim announced on Friday that it had received an order for an NBS 6 system from a new customer in the United States. The system is used for therapy applications, such as the treatment of major depressive disorder (MDD) and obsessive-compulsive disorder (OCD). The news is a positive continuation of the larger device order announced in June and supports our growth forecasts.

The US is a key market for Nexstim in the therapy business, and winning a new customer supports the company's growth strategy. We expect the company's full-year 2026 revenue to grow by just under 16% to 12.7 MEUR, which necessitates a steady flow of equipment orders throughout the year.

Nexstim operates in medical technology. The company has developed a non-invasive brain stimulation technology called SmartFocus®. It is a navigated transcranial magnetic stimulation (nTMS) technology with 3D navigation providing targeting of the TMS to the specific area of the brain. The technology is aimed for the treatment of major depression and chronic neuropathic pain. The company was founded in 2000 and has its headquarters in Helsinki.

Read more on company page

Key Estimate Figures14.05

202526e27e
Revenue11.012.716.1
growth-%25.5 %15.7 %26.8 %
EBIT (adj.)0.61.22.3
EBIT-% (adj.)5.8 %9.5 %14.1 %
EPS (adj.)0.080.120.27
Dividend0.000.000.00
Dividend %
P/E (adj.)123.377.836.2
EV/EBITDA43.030.920.1

Forum discussions

It seems that we need something extra for it to really take off. For example, 10-20 more for Brainlab, or strong in-house sales, a new move ...
yesterday
by Jatast
16
Nexstim H1’26: Strong growth driven by Sinaptica license fees - Inderes Nexstim H1'26: Vahvaa kasvua Sinaptican lisenssimaksujen vetämänä - ...
yesterday
by Fin Master
14
That 0.7 million from Brainlab was interesting, considering that 0.1 million was recognized from the warranty provision last year. So, the sales...
yesterday
by Jatast
11
Hi, I had assumed 1 million from Sinaptica for H2, so on an annual basis, we are roughly in line with the assumptions. However, it was not assumed...
yesterday
by Antti Siltanen
7
Nexstim published its long-term financial targets for the first time: • Average annual revenue growth of over 20%. • Operating profit margin...
yesterday
by Ledificazione
23
Funding rounds are notoriously expensive, and that has likely been factored into the forecast. Although, of course, it does weigh down the figures...
yesterday
by Jippe
1
On the other hand, on the other side of the scale, there is a one-off expense of €0.6m due to financing. So the net effect of these is +€0.2m...
yesterday
by Informaatio
4