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Research

Seasonally calm start to the year

By Antti SiltanenAnalyst
Nexstim
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Nexstim published its Q1 business update on Friday. The company reported that it delivered two NBS systems during the period. Deliveries were slightly below our expectations in a seasonally slow start to the year. Based on the new data, we are modestly lowering our forecasts for the coming years. There have been no material changes in the valuation picture of the share. The stock is cheaply priced, but the risks are also elevated due to low visibility and a tight financial situation.

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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 Figures28.04.2024

202324e25e
Revenue7.28.310.8
growth-%-23.9 %14.8 %30.3 %
EBIT (adj.)-1.2-0.70.6
EBIT-% (adj.)-16.9 %-8.5 %5.4 %
EPS (adj.)-0.18-0.110.07
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.134.9
EV/EBITDAneg.665.754.5

Forum discussions

An interesting summary article on the efficacy, benefits, pricing, pharmacological treatment, and more regarding TMS in relation to Alzheimer...
7 hours ago
by AccionHombre
16
Could this be it: hankintailmoitukset.fi Hilma
yesterday
5
It went to the public sector, so at some point it must have been in Hilma.
yesterday
by ekoira
3
hankintailmoitukset.fi Hilma I wonder if it’s this one or if this is something else? I don’t think this has popped up here yet?
yesterday
by Hannu
4
University Hospital in Finland Orders a Nexstim NBS 6 System Press release, Helsinki, 10 March 2026 at 9 AM (EET) Nexstim Plc (“Nexstim” or ...
yesterday
by Kyhnykeisari
32
Cognito has a Phase 3 trial ongoing, and results are expected in August. I don’t know how comparable Cognito’s and Sinaptica’s Phase 2 trials...
yesterday
by Tee
1
Medical tech should otherwise be immune, but rising interest rates obviously have an impact. I’m still a bit surprised that they are among the...
3/9/2026, 11:00 AM
by Puutaheinää
5
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