contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


aiforia-promisingly-started-growth-journey-just-beginning

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Head of Nordic ER Development, Analyst

Antti Luiro

Analyst

Frans-Mikael Rostedt

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.

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 we have built a shortcut. Join Aiforia’s CPO and Director of Software Development to discover how Aiforia’s Foundation Engine elevates your research and diagnostics. This session explores the design principles of Aiforia’s Foundation Engine and explains how this patent-pending technology sets a new benchmark for high-performance pixel-level image analysis and clinical-grade quality.”                   aiforia.com              Webinar registration | Why Aiforia’s Foundation Engine is advancing digital...    Join this webinar on April 16th to discover how Aiforia’s Foundation Engine elevates your research and diagnostic.

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 the company’s website by April 16, 2026 at the latest.

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 votes among themselves to make a proposal, but in the general meeting, over one-third of the voting power is enough to oppose the decision? So it could also be that some on the board were against the proposal and managed to defeat it only at the general meeting. Sentiment in these small companies is now at an all-time low, and it might be a bad time to raise money, yet. There has been talk of loan capital before. Who knows on what terms and under what pressure Aiforia would be able to acquire such. Annual General Meeting 2025: “The maximum number of shares to be issued under the authorization may be a total of 5,000,000 shares… However, the authorization does not override previous authorizations granted to the board for the issuance of special rights entitling to shares.” Directed issues were made in 2025, first 2.5M and later in the year 2M. 0.5M remains. Annual General Meeting 2024: “The maximum number of shares to be issued under the authorization may be a total of 3,500,000 shares… However, the authorization does not override previous share issue authorizations.” Directed issue 5/24: “With the share issue, the Company will issue a total of 2,843,851 shares.” Approximately 0.65M remained. I did not look further back in history. So, just over a million shares can still be directed to issues by a board decision, which at the current share price won’t get very far. The largest owners have probably had some idea of how their ownership will also be secured.

I’m linking the mentioned Kauppalehti discussion thread here, even though I don’t consider it a reliable source: Aiforia | Sivu 21 | Kauppalehden keskustelupalsta I’m not sure how credible it is that a 3% ownership stake can push anything through, especially with the current possibility of advance voting, which doesn’t require physical presence. I believe nominee accounts and pension companies will ensure their voting rights are exercised. Could the explanation then be that truly large owners wanted to prevent further share dilution based solely on a board decision, placing it under the responsibility of an extraordinary general meeting to get proper justifications for the need from the board? If one shareholder could, by merely speaking up, bring about such decisions against a board proposal, then it must be said that Aiforia’s board would be a truly amateurish group of hobbyists .

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 reading it there. “There will be a quick EGM where the matter will be corrected…” I believe this myself.

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, so that leaves some kind of corporate restructuring? Edit, adding: … or partnerships that include financial elements. If the old plans are to be continued, i.e., with equity financing, then a new general meeting will indeed be required now.

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 strange that approval was not given, as the funds are definitely not sufficient until the next general meeting.

Aiforia Technologies

Aiforia has gained a promising first foothold in the clinical segment of digital pathology. We continue to see the company in a good competitive position and on a clear trajectory to grow into one of the long-term winners in its market. On the other hand, poor growth predictability and elevated financing risks argue for some caution in pricing the company's potential.

<p>Aiforia has gained a promising first foothold in the clinical segment of digital pathology. We continue to see the company in a good competitive position and on a clear trajectory to grow into one of the long-term winners in its market. On the other hand, poor growth predictability and elevated financing risks argue for some caution in pricing the company's potential. However, at the current share price, we believe that the company's value creation potential outweighs the risks. </p> 

	2022	23e	24e
Revenue	1.6	2.5	4.5
growth-%	64.9 %	56.2 %	79.2 %
EBIT (adj.)	-11.8	-12.6	-11.2
EBIT-% (adj.)	-731.9 %	-502.9 %	-248.7 %
EPS (adj.)	-0.47	-0.50	-0.43
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	neg.	neg.	neg.
EV/EBITDA	neg.	neg.	neg.

Aiforia: Promisingly started growth journey is just beginning

Key Estimate Figures28.02.2024

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