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Analyst Comment

Aiforia wins new clinical segment client in Turkey

Aiforia Technologies

Translation: Original published in Finnish on 12/2/2024 at 4:24 pm EET.

According to a press release, Memorial Hospitals Group in Turkey has selected Aiforia as its partner for AI-assisted clinical diagnostics in pathology. Memorial Hospitals Group is the largest private hospital group in Turkey, serving 75,000 patients annually in 11 hospitals. The collaboration will utilize Aiforia's regulatory-approved clinical AI solutions to analyze biopsies from breast, prostate and lung cancer patients at the Memorial Pathology Center laboratory.

According to the press release, Memorial Pathology is the first pathology laboratory in Turkey with a fully digital workflow and all biopsy samples are digitalized. This phase is required to implement Aiforia's image analysis solutions and is often time-consuming, but with a fully digital setting, the customer could start generating revenue for Aiforia as early as the beginning of 2025. We have included new deals in our forecasts and have been waiting for the company to announce them, so this release does not come as a surprise or put immediate pressure on our forecasts. Of course, the announcement supports our forecasts and is another sign that Aiforia's solution is competitive in the market and that the market development in Europe will continue.

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.

Read more on company page

Key Estimate Figures2024-10-02

202324e25e
Revenue2.43.45.8
growth-%49.3 %41.2 %71.1 %
EBIT (adj.)-12.9-12.1-11.8
EBIT-% (adj.)-537.1 %-358.4 %-204.4 %
EPS (adj.)-0.50-0.42-0.41
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.

Forum discussions

Here are Siltanen’s preview comments as Aiforia reports its H2 results on Friday, March 6. We expect Aiforia’s revenue growth to have accelerated...
13 hours ago
by Sijoittaja-alokas
11
This also happened last February, the same amount of 400,000.
yesterday
by Puutaheinää
3
…”apparently for some reason moved to a nominee register.” Pardon me, but I cannot believe that shares would accidentally move to a nominee ...
yesterday
by Optis
3
It’s great when the CEO himself is commenting and shutting down a couple of days of speculation and rumors This is how it goes on the Inderes...
yesterday
by rigetus
15
Hi, yeah, preview tomorrow and interview on Friday.
yesterday
by Antti Siltanen
9
Hi, just confirming that I haven’t sold any Aiforia shares, they have apparently for some reason moved to a nominee register. I changed banks...
yesterday
by Jukka Tapaninen
101
@Antti_Siltanen @Antti_Luiro Will there be a preview and/or a CEO interview for Aiforia after the report?
yesterday
by Jekkku
0
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