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Biovica International AB Class B (SE:BIOVIC.B)
:BIOVIC.B
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Biovica International AB Class B (BIOVIC.B) AI Stock Analysis

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SE:BIOVIC.B

Biovica International AB Class B

(BIOVIC.B)

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Neutral 42 (OpenAI - Gpt-5.6Sol)
Rating:42Neutral
Price Target:
kr0.32
▼(-9.71% Downside)
Action:Reiterated
Date:09/11/26
The score is primarily held down by weak financial performance (negative gross profit, large losses, and significant ongoing cash burn) and very bearish technicals (price below major moving averages with negative MACD). Low leverage and improving revenue/loss trends provide some support, but valuation metrics are constrained by negative earnings and no dividend.
Positive Factors
Revenue Growth
Growing TTM revenue indicates improving commercial traction for DiviTum and related services. If sustained, broader customer adoption can strengthen operating leverage, support investment in the platform, and provide a foundation for scaling the business over coming quarters.
Negative Factors
Negative Gross Profit
Negative gross profit means current revenue does not cover the direct cost base, leaving little foundation for durable operating leverage. Deeply negative margins also show that increased adoption has not yet translated into an economically sustainable business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Growing TTM revenue indicates improving commercial traction for DiviTum and related services. If sustained, broader customer adoption can strengthen operating leverage, support investment in the platform, and provide a foundation for scaling the business over coming quarters.
Read all positive factors

Biovica International AB Class B (BIOVIC.B) vs. iShares MSCI Sweden ETF (EWD)

Biovica International AB Class B Business Overview & Revenue Model

Company Description
Biovica International AB (publ) operates as a biotechnology enterprise, concentrating on the development and market introduction of sophisticated blood-based biomarker tests. These diagnostic solutions aim to enhance the tracking and prediction of...
How the Company Makes Money
Biovica makes money primarily by selling access to and usage of its DiviTum blood test and related services. Key revenue streams include: (1) sales associated with testing (e.g., provision of the DiviTum assay for use in laboratories and/or fees t...

Biovica International AB Class B Financial Statement Overview

Summary
Revenue is growing (~10.8% TTM) and losses/cash burn have narrowed versus earlier years, and leverage is low (debt-to-equity ~0.05). However, profitability remains extremely weak with negative gross profit and very large net losses (TTM net margin roughly -5.2x revenue), alongside continued heavy operating and free-cash-flow burn (TTM FCF about -64.0M) and declining equity.
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
21
Negative
BreakdownTTMApr 2025Apr 2024Apr 2023Apr 2022Apr 2022
Income Statement
Total Revenue14.83M13.38M8.62M7.29M3.38M2.04M
Gross Profit-47.52M-70.05M8.08M6.88M4.62M4.67M
EBITDA-63.18M-61.75M-76.22M-119.51M-105.96M-53.47M
Net Income-72.23M-69.86M-87.62M-124.82M-110.49M-60.00M
Balance Sheet
Total Assets90.07M107.75M64.95M131.41M172.29M151.63M
Cash, Cash Equivalents and Short-Term Investments51.59M70.41M24.41M79.41M114.33M89.79M
Total Debt6.02M4.30M4.65M7.83M10.45M13.25M
Total Liabilities23.50M21.42M21.74M34.77M33.65M27.54M
Stockholders Equity66.57M86.33M43.21M96.64M138.63M124.09M
Cash Flow
Free Cash Flow-64.04M-63.28M-85.65M-114.72M-97.42M-55.52M
Operating Cash Flow-61.71M-62.81M-85.37M-114.58M-94.64M-52.13M
Investing Cash Flow-2.33M-474.00K-287.00K-585.00K-2.78M-3.40M
Financing Cash Flow99.41M109.36M30.93M79.50M122.01M-136.00K

Biovica International AB Class B Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.35
Price Trends
50DMA
0.46
Negative
100DMA
0.40
Negative
200DMA
0.41
Negative
Market Momentum
MACD
-0.03
Positive
RSI
18.76
Positive
STOCH
17.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BIOVIC.B, the sentiment is Negative. The current price of 0.35 is below the 20-day moving average (MA) of 0.43, below the 50-day MA of 0.46, and below the 200-day MA of 0.41, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 18.76 is Positive, neither overbought nor oversold. The STOCH value of 17.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BIOVIC.B.

Biovica International AB Class B Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
kr451.39M2.3363.09%
71
Outperform
kr289.11M3.8094.09%135.48%
56
Neutral
kr44.51M16.3421.37%837.37%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
48
Neutral
kr181.86M-8.14-56.09%14.10%
48
Neutral
kr82.63M-2.32-106.23%-97.37%25.28%
42
Neutral
kr95.01M-1.24-75.51%56.06%63.95%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:BIOVIC.B
Biovica International AB Class B
0.31
-0.32
-50.80%
SE:ELIC
Elicera Therapeutics AB
2.88
-2.89
-50.07%
SE:SPAGO
Spago Nanomedical AB
0.11
-0.06
-35.88%
SE:CANTA
Cantargia AB
1.59
-1.06
-40.04%
SE:SPRINT
Sprint Bioscience AB
2.74
2.15
365.99%
SE:FLUI
Fluicell AB
33.40
20.30
154.96%
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: Sep 11, 2026