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Research

Nexstim: Pressure increased on H2

By Antti SiltanenAnalyst
Nexstim
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Nexstim's Q2 came in below our estimates for both net sales and earnings. The company maintained its guidance, which will require a clear improvement towards the end of the year to achieve. The rapidly declining cash position increases the likelihood of a share issue before cash flows improve with licensing revenues, which we expect to start in H2’2023. The share is priced moderately in relation to our net sales and cash flow estimates, but risks went up with the report.

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 Figures21.08.2023

202223e24e
Revenue9.56.28.3
growth-%48.9 %-35.4 %34.5 %
EBIT (adj.)0.8-1.8-0.7
EBIT-% (adj.)8.8 %-29.8 %-8.3 %
EPS (adj.)0.18-0.27-0.11
Dividend0.000.000.00
Dividend %
P/E (adj.)22.8neg.neg.
EV/EBITDA22.0neg.neg.

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Here is the announcement, gentlemen! nexstim.com Nexstim - Press-release
20 hours ago
by Umpi
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I’ve been waiting for this, for when these multi-orders start coming! For crying out loud!
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