Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Nexstim navigates its way to the United Arab Emirates

NXTMHAnalyst Comment2026-02-17 07:23
Antti SiltanenAnalyst
Discuss

Translation: Original published in Finnish on 02/17/2026 at 07:35 am EET

On Monday, Nexstim announced it had received marketing authorization for its latest generation NBS 6 diagnostic system in the United Arab Emirates. The news represents a step forward in the company's gradual international expansion, which in turn supports our estimates for the company's growth in the coming years.

International availability of the NBS 6 system expands

NBS 6 is Nexstim’s latest, modular system generation, which the company has designed to be more user-friendly and flexible than before. The system's diagnostic features received regulatory approvals in Europe and the US at the end of 2025, and the UAE marketing authorization supports the company's geographical expansion. Nexstim already received marketing authorizations for the therapy features of the system in 2023. The diagnostics business is Nexstim's traditional strength, and NBS 6 is currently the only FDA-approved and CE-marked navigated TMS system used for pre-surgical mapping of the brain's speech and motor cortices.

Nexstim has entered into a cooperation agreement with Brainlab for the sale and distribution of diagnostic equipment. The marketing authorization received by Nexstim enables the sale of the system in a new market, where, in our estimation, Brainlab is responsible for the actual sales efforts.

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 Figures04/01

202425e26e
Revenue8.712.315.2
growth-%20.5 %41.1 %23.4 %
EBIT (adj.)-0.51.52.7
EBIT-% (adj.)-6.1 %11.8 %17.8 %
EPS (adj.)-0.120.170.35
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.56.128.0
EV/EBITDA189.931.018.1

Forum discussions

I understand that thought, but all of these companies are such unique beasts that I personally don’t find direct comparison very relevant. I...
9/10/2026, 2:52 PM
by Kyhnykeisari
7
I’ve been calculating and playing with the exact same scenarios using similar mental models. Revenio used to have strong growth, but in my opinion...
9/10/2026, 12:11 PM
by Informaatio
8
Erinomainen arvaustyökalu Välillä tulee mallinnettua Nexstimin tulevaisuutta käyttämällä jonkin toisen yrityksen historiaa verrokkina. Esimerkiksi...
9/10/2026, 10:37 AM
by Mark_Renton
8
I’ll also throw my two cents into the pile here in this vibe coding arena. I’ve previously played around with my own forecasts in Google Sheets...
9/10/2026, 8:06 AM
by Kyhnykeisari
20
Sinaptica is progressing very well, and you can get quite a lot out of that comment by Mariash from HCW. In July, Mariash described the treatment...
9/10/2026, 6:30 AM
by AccionHombre
13
PubMed Central (PMC) Design and Rationale for the RETAIN Trial of Non‐invasive Brain Stimulation... Altered cortical plasticity is considered...
9/9/2026, 7:31 PM
by Jatast
3
Personally, I don’t expect those 20 devices to go to Sinaptica, at least not in the early stages of Phase 3. In some interview/keynote, Mariash...
9/9/2026, 7:16 PM
by Kyhnykeisari
4