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Research

Nightingale Health: Market opening will soon be tested

By Antti LuiroHead of Nordic ER Development, Analyst
Nightingale Health
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Nightingale’s growth journey has clearer guidelines thanks to revised strategy. Although the coming year will not yet be a turning point business wise for the company, the Terveystalo customer reference that is being built and new international reference that are sought still have conditions to generate evidence of successful commercial use of the company’s technology. The visibility of success still remains weak and we stay on the sidelines waiting for the risk/return ratio to strengthen.

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Nightingale Health operates in the medical technology sector. The company specializes in the development of medical technology products. The product portfolio is broad and includes platforms and services within blood analysis that are used for disease prevention purposes. In addition to the main business, service and related ancillary services are also offered. The business is operated globally with the largest presence in Europe.

Read more on company page

Key Estimate Figures29.09.2023

202324e25e
Revenue4.25.08.5
growth-%80.8 %19.6 %69.0 %
EBIT (adj.)-18.5-20.0-18.7
EBIT-% (adj.)-442.9 %-399.7 %-220.8 %
EPS (adj.)-0.30-0.32-0.29
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDA0.8neg.neg.

Forum discussions

Some forum detective could do some digging to figure out the buyer. It’s a pretty hefty ownership stake if it is indeed going to a single entity...
3/8/2026, 5:28 PM
by Cle
3
There wasn’t really much revenue to speak of. Mostly just hiring new people and investing in sales activities. Some smaller research projects...
3/7/2026, 7:51 PM
by Monsieur
1
Could you briefly tell me what he said? Has there been any revenue? What does the outlook look like?
3/7/2026, 4:49 PM
by Mikko67
0
Yes, Suna most recently spoke about Japan in Nightingale’s own webcast.
3/7/2026, 1:47 PM
by Monsieur
1
Has the Japanese market been mentioned anywhere? They’ve been there for quite a long time already. If things don’t start working in Japan, why...
3/7/2026, 11:23 AM
by Mikko67
1
The IT strategy consultant was spouting jargon again. After watching the Boston Heart webinar last May, I noted that Jeffrey Barrett was the...
3/6/2026, 9:02 AM
by omegaalpha
4
Am I interpreting correctly that yesterday’s volume on the OTC market was 110,100 shares? otcmarkets.com OTC Markets | Official site of OTCQX...
3/6/2026, 6:33 AM
by Monsieur
1
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