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Research

Aiforia Technologies: Potential tempts to get back on board

Aiforia Technologies
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We still see clear potential for Aiforia to grow into one of the long-term winners in its market, although weak growth predictability and elevated financing risks argue for caution in pricing the potential. The expansion of the use of the company's software in its customer base seems to be taking time and we cut our growth forecasts slightly. However, we believe that the decline in the share price (-24%) since our last report compensated sufficiently for the cuts, and at the current price we see the company's value creation potential outweighing the risks.

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 Figures2023-12-07

202223e24e
Revenue1.92.75.1
growth-%91.8 %46.5 %86.9 %
EBIT (adj.)-10.2-12.1-12.0
EBIT-% (adj.)-546.2 %-441.0 %-235.3 %
EPS (adj.)-0.41-0.47-0.46
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.

Forum discussions

Answering myself: The volume at Fimlab was approx. 1,600 slides in September 2025 and 3,500 in October, and the volume is growing. Price per...
16 minutes ago
by Jekkku
3
Imaging in this context refers to radiology, so the ambiguity you mentioned does not exist. Aiforia’s solutions are for clinical pathology and...
31 minutes ago
by Nikkoton
2
That pathology field covers a lot of ground, and I suppose it’s about interpreting all kinds of samples digitally using AI, whether we’re talking...
1 hour ago
by Salvelinus
0
Of course, it’s worth remembering here that Aiforia’s solution is for pathology and not for imaging.
1 hour ago
by Nikkoton
1
I’ve been checking the Siemens Healthineers website to see if there are any mentions. It seems like there are big medical events happening right...
1 hour ago
by Salvelinus
1
Without taking a position on the analysis itself, Nuways has a “buy” recommendation for almost every client, “under review” for a few, and a...
13 hours ago
by Verneri Pulkkinen
25
Pre-results update. Despite the share price, target €3.80 & Buy Summary: We remain upbeat on Aiforia’s Foundation Engine and its clinical and...
15 hours ago
by Opa
16
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