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Median Technologies (ALMDT) AI Stock Analysis

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FR:ALMDT

Median Technologies

(Paris:ALMDT)

Select Model
Rating:43Neutral
Price Target:EUR 3.50â–¼(-5.15% Downside)
Action:reiterated
Date:10/31/26

The score is held down primarily by weak financial performance—large ongoing losses, negative cash flow, and negative equity—despite revenue growth. Technicals add further pressure with the price below key moving averages, while valuation is difficult to justify positively given the negative P/E and lack of dividend data.

Positive Factors
Revenue GrowthThe acceleration in reported revenue growth indicates that Median is expanding its commercial activity despite substantial profitability challenges. If this trajectory persists, greater scale could improve operating leverage, support investment in its imaging platform, and strengthen its position in oncology-focused clinical research.
Negative Factors
Persistent LossesPersistent and exceptionally deep losses show that revenue growth has not yet translated into an economically sustainable business. Continued losses can restrict reinvestment, weaken negotiating flexibility, and make future performance dependent on achieving substantial improvements in pricing, costs, or operating scale.

Median Technologies (ALMDT) vs. iShares MSCI France ETF (EWQ)

-25%0%25%50%75%100%125%FR:ALMDT+24.03%EWQ-1.36%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
EUR 180.85M
Dividend Yield
―
Average Volume (3M)
145.96K
Price to Earnings (P/E)
-3.0
Beta (1Y)
0.93
Revenue Growth
2.16%
EPS Growth
-5.26%
Country
France
Employees
199
Sector
Healthcare
Sector Strength
51
Industry
Medical - Devices

Median Technologies Business Overview & Revenue Model

Company Description

Headquartered in Valbonne, France, Median Technologies S.A. was established in 2002. This company specializes in developing and commercializing advanced software and platforms designed for medical image analysis. Its reach extends globally, serving m...

How the Company Makes Money

Median Technologies primarily makes money through (1) imaging services and software provided to biopharmaceutical companies and clinical research organizations to support oncology drug development and clinical trials, and (2) commercialization of its...

Median Technologies Financial Statement Overview

Summary

Financial health is weak despite improved revenue growth. The company remains deeply loss-making with sharply negative gross profit in 2024–2025, persistent negative operating cash flow (ongoing cash burn), and a strained capital structure with negative equity in recent years—raising financing/dilution risk.

Income Statement

18Very Negative

Balance Sheet

22Negative

Cash Flow

16Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue23.82M23.36M22.95M22.23M23.67M20.55M
Gross Profit16.50M24.05M-21.07M-2.55M24.42M20.43M
EBITDA-23.95M-25.13M-19.28M-19.35M-17.39M-16.98M
Net Income-51.80M-34.07M-25.24M-22.98M-20.21M-19.29M
Balance Sheet
Total Assets77.83M35.87M24.37M35.94M34.75M49.39M
Cash, Cash Equivalents and Short-Term Investments60.83M18.41M8.29M19.63M21.67M39.25M
Total Debt26.12M21.76M29.44M23.01M18.15M16.52M
Total Liabilities80.81M71.02M58.34M46.23M42.01M44.45M
Stockholders Equity-2.99M-35.15M-33.97M-10.29M-7.25M4.94M
Cash Flow
Free Cash Flow-10.58M-18.17M-19.03M-21.53M-17.18M-10.61M
Operating Cash Flow-19.63M-17.43M-17.95M-20.24M-15.79M-10.13M
Investing Cash Flow-1.12M-824.00K-1.17M-1.25M-1.39M-672.00K
Financing Cash Flow77.06M28.43M7.67M19.72M-277.00K33.20M

Median Technologies Technical Analysis

Technical Analysis SentimentNegative
Last Price3.69

Price Trends

50DMA3.96Negative
100DMA4.23Negative
200DMA4.58Negative

Market Momentum

MACD0.08Negative
RSI42.29Neutral
STOCH48.70Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALMDT, the sentiment is Negative. The current price of 3.69 is below the 20-day moving average (MA) of 3.91, below the 50-day MA of 3.96, and below the 200-day MA of 4.58, indicating a bearish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 42.29 is Neutral, neither overbought nor oversold. The STOCH value of 48.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALMDT.

Median Technologies Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

FR:ALMDT against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
FR:ALERSFR:ALERS58NeutralEUR 258.39M37.573.89%―6.28%204.56%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
FR:ALIKOFR:ALIKO46NeutralEUR 22.42M-5.20-22.03%―37.28%7.83%
FR:ALTHEFR:ALTHE46NeutralEUR 51.65M-6.76453.10%―-16.98%20.31%
FR:ALMKTFR:ALMKT45NeutralEUR 18.94M1.53-157.72%―3.38%―
FR:ALMDTFR:ALMDT43NeutralEUR 180.85M-3.00271.64%―2.16%-5.26%

* Healthcare Sector Average

Performance Comparison

0%50%100%FR:ALMDTFR:ALMKTFR:ALTHEFR:ALERSFR:ALDMSFR:ALIKODec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
FR:ALMDT and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
FR:ALMDTMedian Technologies3.690.7927.24%
FR:ALMKTMAUNA KEA TECHNOLOGIES0.10-0.00-1.02%
FR:ALTHETheraclion SA0.700.057.69%
FR:ALERSEurobio-Scientific SA26.302.158.90%
FR:ALDMSDiagnostic Medical Systems0.91-0.41-30.95%
FR:ALIKOIkonisys SA1.42-0.04-2.74%

Median Technologies Corporate Events

Median Technologies posts record iCRO quarter as it ramps up U.S. launch of AI lung cancer tool

Oct 29, 2026

Median Technologies reported a record third-quarter 2026 performance in its iCRO imaging services arm, with revenue rising 14.4% year-on-year to €6.7 million and the order book reaching €90.9 million, underpinned by strong demand from bio...

Median Technologies to Highlight AI Imaging Capabilities at ESMO 2026

Oct 21, 2026

Median Technologies will showcase its latest AI-driven central imaging and image analysis capabilities for oncology trials at the ESMO Congress 2026 in Madrid, underscoring its role as a technology partner for cancer drug developers. The company&#821...

Median Technologies Showcases FDA-Cleared AI Lung Screening Tool at I-ELCAP Conference

Oct 20, 2026

Median Technologies and its U.S. subsidiary eyonis Inc. will showcase their AI-powered lung cancer screening software, eyonis LCS, at the 50th International Conference on Lung Cancer Screening organized by I-ELCAP in New York in October 2026. The eve...

Median Technologies Targets U.S. Lung Cancer Screening Market With High-Performing AI Software at CHEST 2026

Oct 14, 2026

Median Technologies’ U.S. subsidiary Eyonis Inc. will showcase its FDA-cleared eyonis LCS software at the CHEST 2026 congress in Phoenix, targeting pulmonologists who are central to lung cancer screening program adoption. The company aims to de...

Median Technologies Updates Share Capital and Warrants Status

Oct 12, 2026

Median Technologies has reported updated share capital and voting rights figures, confirming a total of 49,071,263 shares and 48,998,813 actual voting rights as of September 30, 2026. The disclosure, made under French commercial and market regulation...

Median Technologies Wins €8.4 Million Global Phase III Brain Cancer Imaging Contract

Sep 15, 2026

Median Technologies has secured one of the largest contracts in its history, a €8.4 million global phase III oncology project awarded by a leading European pharmaceutical group for a rare and complex brain cancer trial. The deal will see Median...

Median Technologies sets H1 2026 earnings date and intensifies investor outreach

Sep 10, 2026

Median Technologies has outlined its upcoming financial communication schedule, stating that its H1 2026 results will be released after market close on October 29, 2026. The announcement provides investors with visibility on the next key financial re...

Median Technologies Updates Capital Structure and Outstanding Warrants

Sep 8, 2026

Median Technologies disclosed updated capital and voting rights data, reporting a share capital composed of 49,071,263 shares and an actual voting rights count of 49,002,485, alongside a theoretical voting rights total of 49,048,063. The company also...

Median Technologies launches strategic review to unlock value in AI oncology businesses

Sep 2, 2026

Median Technologies’ board has launched a Strategic Review Committee to examine structural, transactional and financing options, including a possible separation of its iCRO unit from the eyonis® medical device business and a potential U.S....

Median Technologies Updates Share Capital and Warrants in Regulatory Filing

Aug 10, 2026

Median Technologies has disclosed its latest capital structure and voting rights data, reporting a total of 49,071,263 shares outstanding. The company lists 49,011,540 real voting rights, with a slightly higher theoretical voting rights figure that i...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 31, 2026