Corline Biomedical AB

Corline Biomedical maintains a strong liquidity position with a current ratio of 2.42 and cash and equivalents of 17.47 million SEK, indicating the company is well-positioned to meet short-term obligations. The company has no long-term debt, and its debt-to-equity ratio is 0.0, suggesting a conservative capital structure. The price-to-book ratio of 4.96 implies that the market is valuing the company at a premium to its book value, which may reflect expectations of future growth or intangible assets.

Profitability metrics are currently negative, with a return on equity of -1.82% and a return on assets of -1.65%. These figures indicate that the company is not generating returns for shareholders or asset holders at this time. The operating loss of 1.67 million SEK and net loss of 1.67 million SEK further underscore the company's current unprofitability. The gross profit of 4.90 million SEK is a positive sign, but it is insufficient to offset operating expenses.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of diversification may expose the company to higher risk if demand in its primary market or product line declines. The absence of segment or geographic breakdowns in the financial data limits the ability to assess the company's exposure to different markets or product lines.

Looking ahead, the company is expected to see a significant increase in revenue, with analyst estimates projecting a jump from 7.65 million SEK in the last reported period to 44.00 million SEK in the current fiscal year. This represents a substantial growth trajectory, although the company is still expected to report a net loss. The mean EBIT estimate of 17.00 million SEK suggests that the company may achieve profitability in the near term, but this remains speculative given the current financial performance.

Risk factors for Corline Biomedical include the absence of long-term debt, which is generally a positive, but the company's unprofitability and negative returns on equity and assets are concerning. The risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. However, the company's reliance on a single product or market and the absence of geographic diversification could pose concentration risks.

Recent events include the publication of the latest financial data, which shows a significant increase in revenue compared to the previous period. Analysts have provided a consistent price target of 32.00 SEK, indicating a strong belief in the company's future potential. The company has not disclosed any recent major events or strategic initiatives in the available data, but the analyst consensus suggests a positive outlook.

Analysts project 79.3% upside to a consensus price target of 32.0 SEK, significantly above the current market price of 17.85 SEK.

The company maintains zero long-term debt, resulting in a debt-to-equity ratio of 0.0, which ranks in the top quartile of its cohort.

Free cash flow improved by 49.0% year-over-year to -15.6 million SEK in FY2026, indicating a reduction in cash burn.

Net income improved by 36.6% year-over-year to -14.7 million SEK in FY2026, showing a narrowing loss compared to the prior year.

Dilution and liquidity risks are assessed as low, suggesting manageable capital structure pressures despite ongoing operational losses.

The company faces high credit risk, reflecting significant concerns regarding its ability to meet financial obligations or sustain operations.

Cash conversion ratio of -1.38 is in the bottom quartile of the cohort, highlighting persistent inability to generate positive cash flow.

Revenue kr 7.7M, −21,7% YoY; Operating income +36,3% YoY.

• ▍Revenue kr 7.7M, −21,7% YoY
• ▍Operating income +36,3% YoY
• ▍Net income +36,6% YoY
• ▍Free cash flow +49,0% YoY
• ▍Net margin -192.3%

Revenue kr 9.8M, −61,0% YoY; Operating income −1 195,6% YoY.

• ▍Revenue kr 9.8M, −61,0% YoY
• ▍Operating income −1 195,6% YoY
• ▍Net income −1 182,1% YoY
• ▍Free cash flow −148,1% YoY
• ▍Net margin -237.3%

Revenue kr 25.0M, +6,3% YoY; Operating income −176,8% YoY.

• ▍Revenue kr 25.0M, +6,3% YoY
• ▍Operating income −176,8% YoY
• ▍Net income −177,7% YoY
• ▍Free cash flow −86,5% YoY
• ▍Net margin -7.2%

Revenue kr 23.6M, +233,5% YoY; Operating income +133,7% YoY.

• ▍Revenue kr 23.6M, +233,5% YoY
• ▍Operating income +133,7% YoY
• ▍Net income +133,7% YoY
• ▍Free cash flow +59,9% YoY
• ▍Net margin 9.9%

Revenue kr 7.1M; Operating income -kr 6.9M.

• ▍Revenue kr 7.1M
• ▍Operating income -kr 6.9M
• ▍Net margin -98.0%