Nosa Plugs AB (NOSA) AI Stock Analysis

Nosa Plugs AB

(Nasdaq OMX AB:NOSA)

Select Model

Rating:44Neutral

Price Target:SEK 0.39▼(-8.27% Downside)

Action:reiterated

Date:10/27/26

The score is primarily constrained by persistent losses and negative cash flow, with additional pressure from weak technical momentum and a negative P/E. Strong revenue growth and a relatively conservative balance sheet provide partial support.

Positive Factors

Revenue GrowthContinued top-line growth indicates that NOSA is expanding sales of its nasal plug products and gaining commercial traction. If maintained, increasing revenue can improve operating leverage, support broader distribution, and create a stronger base for eventual profitability.

Negative Factors

Persistent UnprofitabilityNOSA has not yet demonstrated that its current revenue base can support its cost structure. Persistent negative margins constrain internal funding, reduce resilience during execution challenges, and leave the business dependent on further growth or cost improvement to reach sustainable earnings.

Nosa Plugs AB (NOSA) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 110.18M
Dividend Yield: ―
Average Volume (3M): 235.97K
Price to Earnings (P/E): -14.1
Beta (1Y): 0.12
Revenue Growth: 74.89%
EPS Growth: 16.90%
Country: Sweden
Employees: 7
Sector: General
Sector Strength: 55
Industry: Medical - Devices

Nosa Plugs AB Business Overview & Revenue Model

Company Description

Nosa Plugs AB, a medical technology firm, specializes in developing and marketing intranasal respiratory aids, predominantly across Europe and North America. Their NOSA product portfolio encompasses various solutions: odor control devices for protect...

How the Company Makes Money

NOSA primarily makes money by selling its nasal plug products through a product-sales model. Revenue is generated when NOSA supplies nose plugs (and associated product variants/packaging) to customers, which can include professional/institutional buy...

Nosa Plugs AB Financial Statement Overview

Summary

Strong revenue growth and a relatively low-debt balance sheet are offset by persistent losses and consistently negative operating and free cash flow.

Income Statement

40Negative

Balance Sheet

62Positive

Cash Flow

33Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	31.84M	23.91M	16.10M	10.39M	6.85M	5.85M
Gross Profit	-1.98M	-8.03M	11.20M	6.92M	-13.64M	-6.45M
EBITDA	-2.85M	-4.12M	-8.16M	-44.98M	-7.68M	-38.60M
Net Income	-7.80M	-8.04M	-10.16M	-46.55M	-17.82M	-58.56M
Balance Sheet
Total Assets	62.48M	64.71M	20.70M	33.08M	21.67M	40.09M
Cash, Cash Equivalents and Short-Term Investments	16.09M	17.30M	4.31M	1.19M	2.52M	10.40M
Total Debt	1.76M	716.00K	1.01M	1.88M	1.72M	9.04M
Total Liabilities	24.31M	23.65M	4.14M	6.33M	3.33M	980.00K
Stockholders Equity	38.17M	41.06M	16.56M	26.75M	6.70M	39.10M
Cash Flow
Free Cash Flow	-4.13M	-6.59M	-14.70M	-18.35M	-5.19M	-16.81M
Operating Cash Flow	-4.31M	-6.39M	-10.03M	-17.50M	-5.13M	-6.21M
Investing Cash Flow	-12.66M	-12.40M	-4.71M	14.55M	-61.00K	-52.20M
Financing Cash Flow	-554.00K	31.96M	17.81M	1.61M	5.29M	-119.00K

Nosa Plugs AB Technical Analysis

Technical Analysis SentimentNegative

Last Price0.42

Price Trends

50DMA0.45Negative

100DMA0.48Negative

200DMA0.52Negative

Market Momentum

MACD-0.01Negative

RSI48.46Neutral

STOCH80.13Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NOSA, the sentiment is Negative. The current price of 0.42 is above the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.45, and below the 200-day MA of 0.52, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 48.46 is Neutral, neither overbought nor oversold. The STOCH value of 80.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NOSA.

Nosa Plugs AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:NOSA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:MNTC	58Neutral	SEK 435.95M	-90.48	-3.61%	―	15.87%	92.43%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:BACTI.B	53Neutral	SEK 560.70M	88.89	1.93%	―	-0.51%	―
SE:INTEG.B	50Neutral	SEK 243.48M	-5.77	-20.71%	―	1.43%	6.65%
SE:SEDANA	49Neutral	SEK 926.81M	-26.86	-3.88%	―	0.42%	15.03%
SE:OSSD	44Neutral	SEK 373.36M	-7.46	―	―	-2.61%	-0.28%
SE:NOSA	44Neutral	SEK 110.18M	-14.07	―	―	74.89%	16.90%

* General Sector Average

Performance Comparison

SE:NOSA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:NOSA	Nosa Plugs AB	0.42	-0.26	-37.89%
SE:BACTI.B	Bactiguard Holding AB	16.00	-1.00	-5.88%
SE:INTEG.B	Integrum AB Class B	8.30	0.03	0.31%
SE:SEDANA	Sedana Medical AB	9.33	-0.83	-8.17%
SE:MNTC	Mentice AB	15.50	6.02	63.50%
SE:OSSD	OssDsign AB	3.38	-9.51	-73.80%

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 27, 2026

Nosa Plugs AB AI Stock Analysis