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Revenio: New iCare IC1000 strengthens core business competitiveness

REG1VAnalyst Comment10.09.2026 klo 11.58
Juha KinnunenAnalyst
Discuss

Summary

  • Revenio has launched the iCare IC1000, a new-generation handheld tonometer, enhancing its core business competitiveness by maintaining technological leadership and market dominance.
  • The iCare IC1000 features improved ease of use and digital workflow support, including a GuideCam for better measurement alignment and a SmartCradle for data integration, aligning with Revenio's strategy towards comprehensive digital solutions.
  • The device is not yet available in the US due to pending FDA approval, which is crucial as the US is considered Revenio's most important market.
  • While traditional tonometer sales growth is slowing, product innovations like the iCare IC1000 are vital for sustaining market position and ongoing probe sales.

This content is generated by AI. You can give feedback on it in the Inderes forum.

Translation: Original published in Finnish on 9/10/2026 at 11:41 am EEST.

On Thursday, Revenio announced the launch of the new-generation handheld iCare IC1000 tonometer. We consider the launch of the new device generation to be a natural and important step in the product development of the company's core business, as it helps the company maintain its technological lead and defend its market leadership. The news is in line with our expectations regarding the company's continuous product development, and the product launch does not cause immediate changes to our forecasts.

New features support workflow digitalization and ease of use

According to the release, the new iCare IC1000 retains the key benefits of the company's rebound technology (RBT), such as being painless, quick, and not requiring anesthesia. The most significant differences from previous models relate to improved ease of use and support for digital workflows. The device features a new GuideCam alignment, which visually guides the user to find the correct measurement position. We believe this feature will further lower the threshold for adopting the device and reduce the variation in measurement results between different users.

In addition, the device was introduced with the new SmartCradle, which, alongside charging the device, enables smoother data transfer and the integration of measurement results into the iCare software ecosystem. In our view, this is a clear indication of the progress of Revenio's strategy: the company aims to move from a mere equipment manufacturer towards more comprehensive digital solutions and seamless care pathways.

Strengthens core business competitiveness, US market still awaits FDA approval

In our estimation, bringing the new device generation to the market is important for Revenio so that the company can maintain the high gross margins of its products and respond to the challenges brought by competitors' RBT technology. Device availability will initially vary by market, and it is not yet on sale in the United States, where the required FDA review process is ongoing. We consider the US to be the company's most important single market, so we are following the progress of the FDA clearance with interest. Overall, we believe the iCare IC1000 is an important addition to the company's product portfolio. Although the growth of device sales in traditional tonometers is slowing down over the longer term, product renewals of this kind are critical to safeguarding a strong market position and continuous probe sales.

 

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Revenio is a global provider of comprehensive eye care diagnostic solutions. The group offers fast, user-friendly, and reliable tools for diagnosing glaucoma, diabetic retinopathy, and macular degeneration (AMD). Revenio’s ophthalmic diagnostic solutions include intraocular pressure (IOP) measurement devices (tonometers), fundus imaging devices, and perimeters as well as software solutions under the iCare brand. In 2023, the Group’s net sales totaled EUR 96.6 million, with an operating profit of EUR 26.3 million. Revenio Group Corporation is listed on Nasdaq Helsinki with the trading code REG1V.

Read more on company page

Key Estimate Figures09.09.

202526e27e
Revenue109.7200.2269.6
growth-%6.0 %82.5 %34.7 %
EBIT (adj.)26.532.244.8
EBIT-% (adj.)24.2 %16.1 %16.6 %
EPS (adj.)0.700.690.76
Dividend0.000.000.00
Dividend %
P/E (adj.)27.718.817.0
EV/EBITDA16.720.311.7

Forum discussions

Inderes iCare IC1000™: Vaivatonta tarkkuutta - Inderes Revenio Group Oyj | Lehdistötiedote | 10.09.2026 klo 09:00:00 EESTUuden sukupolven kä...
4 hours ago
by Tunturisusi
16
Well, I listened to the interview. The core is leaking, there’s no growth, and profitability is weakening. But at least we got a positive result...
23 hours ago
by mutu_sijoittaja
14
Analyst comments following Revenio’s Q2 result. Inderes – 9 Sep 26 Revenio Q2'26: Visio kirkastuu loppuvuoden aikana - Inderes Revenion Q2-tulos...
yesterday
by KuHa
26
Operational cash flow has been historically weak over the trailing two quarters. Clearly more cash than normal has been tied up in working capital...
yesterday
by Ripelein
7
[quote=“BullionBabble, post:2984, topic:1256”] My own guess. €14.5 ​[/quote] I was thinking to myself that Juha has always been very bullish...
yesterday
by Blackparta
10
My guess. €14.5 The interview didn’t really answer many of my questions. Is the acquisition justified solely by the apparent market growth to...
yesterday
9
Here is indeed the interview from today for you all, in case anyone missed it on other channels!
yesterday
by Tomi Valkeajärvi
21