Qlucore AB (QCORE) AI Stock Analysis

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Qlucore AB

(Nasdaq OMX AB:QCORE)

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Rating:43Neutral

Price Target:SEK 0.31▼(-3.44% Downside)

Action:reiterated

Date:09/29/26

The overall score is low because the company’s financial profile is high risk, with persistent losses, shrinking equity, and heavy cash burn despite low leverage, while a negative P/E and lack of dividends weaken valuation; technical indicators show a mildly bearish, oversold setup that offers only limited offsetting support.

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)

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

Financial performance is very weak, with small but volatile revenue, deeply negative operating and net results, heavy equity erosion, and persistently negative operating and free cash flow, partially offset by low debt levels.

Income Statement

12Very Negative

Balance Sheet

35Negative

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2022
Income Statement
Total Revenue	7.57M	6.74M	10.21M	14.37M	14.12M	12.67M
Gross Profit	-16.95M	-20.51M	-9.75M	7.40M	5.43M	5.80M
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 Assets	42.74M	42.01M	69.95M	90.01M	121.90M	109.36M
Cash, Cash Equivalents and Short-Term Investments	6.06M	2.97M	5.26M	28.62M	97.97M	69.73M
Total Debt	1.25M	1.40M	2.00M	3.18M	5.33M	4.46M
Total Liabilities	9.28M	5.71M	11.49M	10.90M	11.34M	14.63M
Stockholders Equity	33.47M	36.30M	58.47M	79.11M	110.56M	94.73M
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 Flow	13.79M	13.79M	-1.18M	-1.27M	86.25M	-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
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:VIT.B	75Outperform	SEK 12.31B	25.95	9.27%	1.18%	5.55%	18.93%
SE:CARA	73Outperform	SEK 1.72B	44.98	―	―	―	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:MODEL	47Neutral	SEK 165.84M	-8.20	-83.32%	―	-17.82%	53.79%
SE:PREC	43Neutral	SEK 133.94M	-1.82	-18.04%	―	-11.14%	-152.87%
SE:QCORE	43Neutral	SEK 13.73M	-0.32	―	―	-18.34%	59.68%
SE:SUBGEN	41Neutral	SEK 58.11M	-0.23	-34.88%	―	―	―

* General Sector Average

Performance Comparison

SE:QCORE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:QCORE	Qlucore AB	0.32	-0.18	-36.00%
SE:PREC	Precise Biometrics AB	0.49	-1.74	-78.00%
SE:SUBGEN	AegirBio AB	0.03	-11.77	-99.78%
SE:MODEL	Modelon AB	9.10	-1.70	-15.74%
SE:VIT.B	Vitec Software Group AB Class B	308.60	5.43	1.79%
SE:CARA	Carasent AB	25.75	-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

Qlucore AB AI Stock Analysis