Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Analyst Comment

Nexstim NBS6 system receives approval for therapy use in Canada

By Antti SiltanenAnalyst
Nexstim

Translation: Original comment published in Finnish on 5/7/2024 at 7:40 am EEST.

Nexstim announced on Monday that it had received approval from Health Canada for the marketing and commercial distribution of its NBS 6 system for the treatment of Major Depressive Disorder (MDD). The approval expands the commercial potential of Nexstim's latest system beyond the major markets of the US and Europe. The company's previous system models have already been available in Canada. The positive news has no immediate impact on our forecasts or our view of the stock.

Launched last year, NBS6 is gradually replacing older models

The NBS6 system is Nexstim’s latest model. The modular solution is suitable for both therapeutic and diagnostic applications. The system was launched last year in Europe and the US, where it received regulatory approvals for therapeutic use. For diagnostic applications, regulatory approvals are expected this year. To our knowledge, the Canadian approval is the next geographic expansion for the NBS6 after Europe and the United States. Nexstim has sold a few systems to the Canadian market, so commercially this market plays a complementary role for Nexstim. The clear majority of the company's business is in the United States and Europe.

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 Figures2024-04-28

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.212.9
EV/EBITDAneg.1,040.785.3

Forum discussions

Thank you @Jatast for your clarifying question. Regarding the communication of Brainlab equipment sales, we operate in accordance with our long...
22 minutes ago
by Mikko Karvinen, Nexstim Oyj
19
Yep. I have strong confidence that this will still be a positive surprise in late winter. As long as the same trend continues until the end,...
20 hours ago
by MagnificRat
14
It has also been stated in the interview that as distributors gradually withdraw, inquiries will subsequently be directed to Brainlab regarding...
21 hours ago
by Hannu
3
Based on announcements and my calculations, 31 machines have been delivered or ordered this year. Correct me if I calculated wrong. Regarding...
yesterday
by Jatast
28
My theory is as follows: Terveystalo has now purchased two devices to update the NBS 5 devices that came with Recuror to the latest generation...
yesterday
by Kyhnykeisari
14
It was not directly mentioned in the press release, but the only Finnish private operator that has had two old devices in use has been Recuror...
yesterday
by Kyhnykeisari
25
Here is the announcement, gentlemen! nexstim.com Nexstim - Press-release
yesterday
by Umpi
18
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
  • 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.