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Qlucore AB (QCORE) AI Stock Analysis

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SE:QCORE

Qlucore AB

(Nasdaq OMX AB:QCORE)

Select Model
Rating:44Neutral
Price Target:SEK 0.31â–¼(-3.13% Downside)
Action:reiterated
Date:09/29/26

The score is driven primarily by weak financial performance—especially severely negative profitability and ongoing cash burn—partly offset by low leverage on the balance sheet. Technicals add a modest headwind with price below key moving averages and negative MACD, while valuation is neutral-to-weak due to a negative P/E and no dividend yield data.

Positive Factors
Low LeverageVery low leverage reduces refinancing and solvency pressure, giving Qlucore greater flexibility than a highly indebted software company. Lower debt can preserve resources for product development and operations, although this benefit depends on improving profitability and cash generation.
Negative Factors
Severe UnprofitabilityNegative gross profit indicates that cost of revenue is exceeding sales, while persistent operating and net losses show the problem extends beyond a temporary earnings dip. Unless the cost structure changes materially, revenue growth alone may not translate into sustainable earnings.

Qlucore AB (QCORE) vs. iShares MSCI Sweden ETF (EWD)

-50%-40%-30%-20%-10%0%10%20%30%SE:QCORE-31.91%EWD+15.64%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
SEK 13.73M
Dividend Yield
―
Average Volume (3M)
26.16K
Price to Earnings (P/E)
-0.3
Beta (1Y)
0.26
Revenue Growth
-18.34%
EPS Growth
59.68%
Country
Sweden
Employees
12
Sector
General
Sector Strength
55
Industry
Software - Application

Qlucore AB Business Overview & Revenue Model

Company Description

Based in Lund, Sweden, Qlucore AB (publ) delivers advanced bioinformatics data analysis tools for global application in both scientific research and accurate medical diagnostics. Its product suite includes Qlucore Omics Explorer, an AI-powered bioinf...

Qlucore AB Financial Statement Overview

Summary

Overall financials are weak: the income statement shows sharply deteriorated profitability with deeply negative gross profit and large, persistent losses, and cash flows remain consistently negative with ongoing free-cash-flow burn. The main offset is a relatively stronger balance sheet with very low leverage and reduced debt, though equity has been eroding meaningfully.

Income Statement

18Very Negative

Balance Sheet

62Positive

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMApr 2025Apr 2024Apr 2023Apr 2022Apr 2022
Income Statement
Total Revenue7.57M6.74M10.21M14.37M14.12M12.67M
Gross Profit-16.95M-20.51M-9.75M7.40M5.43M5.80M
EBITDA-32.05M-20.43M-15.44M-11.27M-7.99M-11.86M
Net Income-32.77M-36.52M-20.54M-15.68M-11.66M-15.94M
Balance Sheet
Total Assets42.74M42.01M69.95M90.01M121.90M109.36M
Cash, Cash Equivalents and Short-Term Investments6.06M2.97M5.26M28.62M97.97M69.73M
Total Debt1.25M1.40M2.00M3.18M5.33M4.46M
Total Liabilities9.28M5.71M11.49M10.90M11.34M14.63M
Stockholders Equity33.47M36.30M58.47M79.11M110.56M94.73M
Cash Flow
Free Cash Flow-13.84M-12.51M-22.38M-39.47M-15.76M-27.06M
Operating Cash Flow-10.30M-12.46M-14.15M-16.95M-6.81M-8.05M
Investing Cash Flow-3.54M-3.67M-8.22M-22.52M-8.95M-19.02M
Financing Cash Flow13.79M13.79M-1.18M-1.27M86.25M-808.00K

Qlucore AB Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.32

Price Trends

50DMA0.35Negative
100DMA0.36Negative
200DMA0.40Negative

Market Momentum

MACD-0.01Negative
RSI47.28Neutral
STOCH76.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:QCORE, the sentiment is Neutral. The current price of 0.32 is above the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.35, and below the 200-day MA of 0.40, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.28 is Neutral, neither overbought nor oversold. The STOCH value of 76.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:QCORE.

Qlucore AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

SE:QCORE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:VIT.BSE:VIT.B75OutperformSEK 12.31B25.959.27%1.18%5.55%18.93%
SE:CARASE:CARA73OutperformSEK 1.72B44.98――――
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
SE:MODELSE:MODEL47NeutralSEK 165.84M-8.20-83.32%―-17.82%53.79%
SE:QCORESE:QCORE44NeutralSEK 13.73M-0.32――-18.34%59.68%
SE:PRECSE:PREC43NeutralSEK 133.94M-1.82-18.04%―-11.14%-152.87%
SE:SUBGENSE:SUBGEN41NeutralSEK 58.11M-0.23-34.88%―――

* General Sector Average

Performance Comparison

-100%-50%0%SE:QCORESE:PRECSE:SUBGENSE:MODELSE:VIT.BSE:CARADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
SE:QCORE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:QCOREQlucore AB0.32-0.18-36.00%
SE:PRECPrecise Biometrics AB0.49-1.74-78.00%
SE:SUBGENAegirBio AB0.03-11.77-99.78%
SE:MODELModelon AB9.10-1.70-15.74%
SE:VIT.BVitec Software Group AB Class B308.605.431.79%
SE:CARACarasent AB25.75-2.05-7.37%
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 29, 2026