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Theraclion SA
(ALTHE)
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Rating:43Neutral
Price Target:
€0.63
▼(-2.03% Downside)
Action:Reiterated
Date:10/21/26
The score is driven primarily by weak financial performance—persistent losses, ongoing cash burn, and balance-sheet pressure (including negative equity and meaningful debt versus revenue). Technical indicators also weigh on the score due to a downtrend across moving averages and negative MACD, despite oversold readings that may offer only limited near-term support. Valuation contributes little because the negative P/E is not informative and there is no dividend yield.
Positive Factors
Non-invasive therapeutic platform
Theraclion’s focus on image-guided, non-invasive ultrasound addresses procedures that can otherwise require surgery. This product positioning may support adoption in selected benign indications and gives the company a focused platform for developing and commercializing additional therapeutic applications over time.
Negative Factors
Persistent unprofitable operations
Losses across gross, operating, and net levels indicate that the current revenue base does not cover the company’s cost structure. Without sustained revenue growth or cost improvement, continued losses can consume capital, restrict investment capacity, and delay the path to self-funded operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Non-invasive therapeutic platform
Theraclion’s focus on image-guided, non-invasive ultrasound addresses procedures that can otherwise require surgery. This product positioning may support adoption in selected benign indications and gives the company a focused platform for developing and commercializing additional therapeutic applications over time.
Read all positive factors
Theraclion SA (ALTHE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€47.96M
Dividend YieldN/A
Average Volume (3M)55.35K
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue Growth-16.98%
EPS Growth20.31%
CountryFR
Employees36
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-0.10
Shares Outstanding73,811,100
10 Day Avg. Volume41,551
30 Day Avg. Volume55,351
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)-13.53
Price to Sales (P/S)29.53
P/FCF Ratio-4.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Theraclion SA Business Overview & Revenue Model
Company Description
Theraclion SA, established in 2004 and based in Malakoff, France, specializes in developing innovative echotherapy medical solutions. These treatments harness high-intensity focused ultrasound (HIFU) technology. Their offerings include SONOVEIN, a...
How the Company Makes Money
Theraclion’s revenues are primarily generated from the sale and/or placement of its therapeutic ultrasound systems to healthcare providers (e.g., hospitals, clinics, and specialty practices), along with recurring revenue from related disposables/c...
Theraclion SA Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.01M | 1.19M | 830.00K | 1.82M | 1.24M | 1.48M |
| Gross Profit | -7.62M | -6.21M | -7.18M | -1.08M | -3.05M | -4.54M |
| EBITDA | -7.26M | -5.98M | -5.92M | -4.49M | -5.74M | -4.40M |
| Net Income | -6.76M | -5.69M | -5.76M | -3.68M | -4.96M | -3.76M |
Balance Sheet | ||||||
| Total Assets | 14.78M | 12.51M | 11.47M | 18.66M | 13.94M | 11.83M |
| Cash, Cash Equivalents and Short-Term Investments | 5.22M | 3.38M | 4.17M | 7.82M | 2.52M | 2.49M |
| Total Debt | 4.95M | 5.09M | 1.30M | 1.95M | 2.51M | 2.39M |
| Total Liabilities | 15.18M | 15.10M | 11.47M | 13.01M | 13.40M | 13.10M |
| Stockholders Equity | -395.00K | -2.59M | -114.00 | 5.65M | 544.87K | -1.27M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -7.16M | -3.01M | -2.60M | -5.59M | -4.03M |
| Operating Cash Flow | 0.00 | -7.16M | -2.91M | -2.48M | -5.27M | -3.88M |
| Investing Cash Flow | 0.00 | -414.00K | -188.00K | -213.52K | -739.63K | -524.46K |
| Financing Cash Flow | 0.00 | 6.78M | -545.00K | 7.99M | 6.03M | 4.56M |
Theraclion SA Technical Analysis
Positive
0.64
Price Trends
0.66
Negative
0.66
Negative
0.62
Positive
Market Momentum
-0.02
Negative
53.16
Neutral
66.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALTHE, the sentiment is Positive. The current price of 0.64 is above the 20-day moving average (MA) of 0.63, below the 50-day MA of 0.66, and above the 200-day MA of 0.62, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 53.16 is Neutral, neither overbought nor oversold. The STOCH value of 66.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALTHE.
Theraclion SA Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
46 Neutral | €32.88M | -0.79 | -159.70% | ― | 10.36% | 29.41% | |
46 Neutral | €21.00M | -4.87 | -22.03% | ― | 37.28% | 7.83% | |
45 Neutral | €19.25M | 0.60 | -157.72% | ― | 3.38% | ― | |
43 Neutral | €47.96M | -6.28 | 453.10% | ― | -16.98% | 20.31% | |
41 Neutral | €217.85M | -3.87 | 90.10% | ― | 1.79% | 15.89% |
* Healthcare Sector Average
FR:ALTHE
Theraclion SA
0.69
0.10
16.78%
FR:ALMKT
MAUNA KEA TECHNOLOGIES
0.10
0.00
0.00%
FR:ALNOV
Novacyt
0.44
-0.02
-4.77%
FR:ALDMS
Diagnostic Medical Systems
0.94
-0.39
-29.17%
FR:ALIKO
Ikonisys SA
1.40
-0.09
-5.72%
FR:ALMDT
Median Technologies
4.37
1.47
50.69%
Theraclion SA Corporate Events
Theraclion deepens losses as it ramps up for Sonovein’s global push and awaits FDA ruling
Sep 16, 2026
Theraclion reported a first-half 2026 operating loss of €3.9 million on revenue of €663,000, as higher regulatory, commercial and industrial costs weighed on earnings while the company prepared for the possible U.S. launch of Sonovein....
Theraclion Updates Share Capital and Voting Rights Structure
Aug 20, 2026
Theraclion has disclosed its latest share capital and voting rights figures, reporting 73,543,457 shares outstanding as of July 31, 2026. The company lists a theoretical total of 88,767,504 voting rights and an actual total of 86,957,843 voting ri...
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.