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Senzime AB (SE:SEZI)
:SEZI
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Senzime AB (SEZI) AI Stock Analysis

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SE:SEZI

Senzime AB

(OTC:SEZI)

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Neutral 43 (OpenAI - 4o)
Rating:43Neutral
Price Target:
kr6.00
▼(-4.61% Downside)
Senzime AB's overall stock score is primarily influenced by its financial performance and valuation. The company shows revenue growth but struggles with profitability and cash flow, leading to a lower financial performance score. Technical analysis indicates a neutral to slightly bearish trend, while the valuation reflects current unprofitability. The absence of earnings call and corporate events data limits the analysis to these factors.

Senzime AB (SEZI) vs. iShares MSCI Sweden ETF (EWD)

Senzime AB Business Overview & Revenue Model

Company DescriptionSenzime AB (publ), a medical device company, develops and markets patient monitoring systems to monitor patients under anesthesia in Europe, Oceania, Asia, Canada, and the United States. The company offers TetraGraph, a monitor that stimulates, measures, analyzes, and displays muscle function in surgical patients receiving neuromuscular blocking agents; TetraSens electrode array, which has two proximal stimulating electrodes for recording and reference; TetraConnect, a data management portal that helps clinician to access, view, and export data records from the TetraGraph in PDF or Excel format; TetraGraph Device Connectivity, which transfers data from the TetraGraph Monitor to patient monitoring systems; and TetraGraph Philips Interface that enables the transmission of neuromuscular monitoring parameters, TOFC, TOFR, PTC, and TOF bars to Philips patient monitors, as well as TetraGraph readings are displayed on the Philips Intellivue Monitor. It also develops CliniSenz Analyzer for postoperative and continuous patient monitoring in hospital environments; and Onzurf Probe, a sterile CE-marked single use product based on micro-dialysis technology that enables continuous sampling from gastro-intestinal organs, such as esophagus, stomach, and liver. Senzime AB (publ) has a strategic license and connectivity agreement with Masimo to develop and market the TetraGraph Smart Cable Module that connects directly to Root monitoring system, as well as to their digital hubs to interface with the hospital clinical information system/electronic health records. The company was incorporated in 1999 and is based in Uppsala, Sweden.
How the Company Makes MoneySenzime AB generates revenue through the sale of its medical monitoring devices and associated software solutions. The company has established a subscription-based model for its cloud-based monitoring services, which allows healthcare providers to access real-time analytics and reporting tools, enhancing their operational efficiency. Key revenue streams include direct sales to hospitals and healthcare institutions, recurring subscription fees for ongoing software services, and potential partnerships with medical device distributors and healthcare organizations that facilitate the adoption of Senzime's technologies. Additionally, the company may benefit from grants, research funding, and collaborations with other entities in the medical field, which can further bolster its earnings.

Senzime AB Earnings Call Summary

Earnings Call Date:Jul 18, 2025
(Q3-2024)
|
% Change Since: |
Next Earnings Date:Nov 07, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong sales growth and successful market expansion, particularly in the U.S. and Asia. The launch of the next generation TetraGraph and successful capital raise were notable achievements. However, challenges such as currency effects, softer monitor sales in the U.S., and slower growth in Europe were acknowledged. Overall, the positive achievements outweighed the challenges.
Q3-2024 Updates
Positive Updates
Strong Sales Growth
Achieved SEK 17.4 million in sales for Q3 2024, corresponding to 90% sales growth, with the U.S. market growing by 81%.
Expansion and Market Penetration
Secured over 500 hospitals with the TetraGraph system and achieved significant hospital wins, including a major U.S. healthcare system.
Successful Capital Raise
Raised SEK 86 million through a directed share issue to both existing and new investors.
Launch of Next Generation TetraGraph
Introduced the next generation TetraGraph, featuring advanced features and increased accuracy, receiving positive market feedback.
Partnership Success in Asia
Strong growth in Asian markets, particularly in Japan and South Korea, driven by partnerships with local companies.
Negative Updates
Currency Effects on Sales
Currency effects negatively impacted top-line sales due to fluctuations in the Swedish krona.
Soft Monitor Sales in the U.S.
Monitor sales were softer in Q3, particularly in the U.S., attributed to seasonal effects and comparative deals from the previous year.
Challenges in European Market
Slower growth in Europe due to the stronghold of legacy AMG technology and slower adoption of new technologies.
Gross Margin Pressure
Gross margins were softer due to lower price levels on monitors, particularly in the U.S.
Company Guidance
In the Q3 2024 earnings call for Senzime, CEO Philip Siberg reported robust financial performance with SEK 17.4 million in sales, marking a 90% year-over-year growth, despite negative currency effects impacting the top line. The U.S. market, which constitutes 75% of their business, experienced an 81% increase in sales. The company has placed nearly 2,900 TetraGraph systems globally, with a utilization rate approaching 0.5 million monitored patients. Siberg highlighted that the company's long-term goals include reaching SEK 250-350 million in revenue by 2026 and achieving SEK 1 billion in sales eventually. The recent SEK 86 million capital raise and the introduction of the next-generation TetraGraph system aim to boost gross margins and maintain scalable operations. Despite a temporarily softer gross margin in Q3 due to U.S. pricing dynamics, the outlook remains positive with continued growth in sensor sales across the U.S. and Asia, and strategic partnerships to foster market expansion.

Senzime AB Financial Statement Overview

Summary
Senzime AB is experiencing revenue growth but faces significant profitability and cash flow challenges. The company maintains a stable balance sheet with low leverage, but negative returns and cash flows suggest a need for strategic improvements to achieve sustainable profitability.
Income Statement
35
Negative
Senzime AB has shown a positive revenue growth rate of 15.43% in the TTM, indicating potential market expansion. However, the company struggles with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin has improved over time, but the company remains unprofitable with significant net losses.
Balance Sheet
45
Neutral
The company maintains a low debt-to-equity ratio, suggesting conservative leverage and financial stability. However, the return on equity is negative, reflecting ongoing losses and inefficiencies in generating shareholder value. The equity ratio indicates a strong equity base relative to total assets.
Cash Flow
30
Negative
Senzime AB's cash flow situation is challenging, with negative operating and free cash flows. The free cash flow to net income ratio is above 1, indicating that cash flows are less negative than net income. However, the negative free cash flow growth rate and operating cash flow coverage ratio highlight ongoing cash flow difficulties.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue80.63M58.48M35.75M14.03M10.98M9.34M
Gross Profit32.92M20.12M8.34M-4.39M-4.92M-7.90M
EBITDA-84.03M-95.53M-118.82M-120.05M-73.20M-36.96M
Net Income-126.40M-118.73M-134.15M-132.70M-82.14M-47.45M
Balance Sheet
Total Assets435.22M424.53M433.54M322.68M174.62M258.89M
Cash, Cash Equivalents and Short-Term Investments132.16M100.94M151.01M26.04M74.87M160.31M
Total Debt14.94M22.67M11.47M13.04M1.63M2.40M
Total Liabilities63.82M78.67M58.06M60.78M24.04M27.55M
Stockholders Equity371.40M345.86M375.48M261.90M150.58M231.35M
Cash Flow
Free Cash Flow-125.35M-126.28M-121.73M-141.89M-84.30M-38.66M
Operating Cash Flow-103.29M-105.94M-113.91M-136.78M-81.33M-38.34M
Investing Cash Flow-22.06M-20.34M-7.82M-4.98M-2.97M-327.00K
Financing Cash Flow177.55M75.86M246.51M92.36M-945.00K167.69M

Senzime AB Technical Analysis

Technical Analysis Sentiment
Negative
Last Price6.29
Price Trends
50DMA
6.58
Negative
100DMA
5.86
Positive
200DMA
5.64
Positive
Market Momentum
MACD
-0.03
Positive
RSI
46.48
Neutral
STOCH
56.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SEZI, the sentiment is Negative. The current price of 6.29 is below the 20-day moving average (MA) of 6.42, below the 50-day MA of 6.58, and above the 200-day MA of 5.64, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 46.48 is Neutral, neither overbought nor oversold. The STOCH value of 56.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SEZI.

Senzime AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
kr1.01B39.267.56%-10.34%-59.69%
57
Neutral
kr1.59B-31.31-23.20%36.23%63.14%
48
Neutral
kr1.23B-24.11-5.53%16.27%-22.61%
45
Neutral
kr714.90M-38.78-5.96%11.60%75.76%
43
Neutral
kr988.88M-35.36%71.41%17.26%
43
Neutral
kr293.13M-8.98-18.68%-5.63%-1373.99%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:SEZI
Senzime AB
6.29
-0.61
-8.84%
SE:BACTI.B
Bactiguard Holding AB
20.40
-35.20
-63.31%
SE:CRAD.B
C-Rad AB Class B
30.00
-7.25
-19.46%
SE:INTEG.B
Integrum AB Class B
13.74
-13.56
-49.67%
SE:SEDANA
Sedana Medical AB
12.34
-11.66
-48.58%
SE:OSSD
OssDsign AB
14.38
7.70
115.27%

Senzime AB Corporate Events

Senzime Expands TetraGraph Installations in Leading US Hospital System
Aug 5, 2025

Senzime has achieved a significant milestone by securing the installation of its TetraGraph system across all sites of a top-ranked US hospital system. This expansion is expected to impact approximately 15,000 patients annually, reinforcing Senzime’s position in the market and aligning with clinical guidelines for neuromuscular monitoring. The TetraGraph system, developed through over 40 years of research, offers proprietary capabilities that enhance patient safety and compliance with clinical standards.

Senzime AB Expands Share Capital with New Share Issue
Jul 31, 2025

Senzime AB has increased its total number of shares to 157,215,046 following a directed share issue of 700,000 shares. This move reflects the company’s strategic efforts to strengthen its financial position and potentially expand its influence in the medical device industry, aligning with its commitment to advancing patient safety and operational efficiency.

Senzime’s TetraGraph System Gains Approval for Mexican Market
Jul 23, 2025

Senzime has received regulatory approval from the Mexican Secretariat of Health for its TetraGraph system, allowing its commercialization in Mexico. This approval opens up significant market opportunities in a region that follows US and European clinical guidelines, supported by a partnership with Kezelmedica, a prominent importer of medical devices in Mexico.

Senzime Completes MSEK 110 Share Issue with Full Subscription
Jul 10, 2025

Senzime AB has successfully completed the full subscription of its directed share issue, raising MSEK 110 through the issuance of 24,000,000 shares. This capital increase will support the company’s growth, resulting in a 15.27% dilution of shares, and reflects strong investor confidence in Senzime’s market position and future prospects.

Senzime’s Licensee Secures US and UK Approvals for HN-100 Module
Jul 9, 2025

Senzime AB announced that its licensee, Fukuda Denshi, has obtained FDA and UKCA approvals to introduce the HN-100 neuromuscular transmission module in the US and UK. This development is significant for Senzime as it expands Fukuda’s market reach, leveraging Senzime’s TetraGraph® technology, and potentially increasing revenue through manufacturing and royalty agreements.

Senzime AB Announces Q2 2025 Financial Report Presentation
Jul 8, 2025

Senzime AB has announced a webcast presentation of its second quarter 2025 financial report, scheduled for July 18. The presentation, led by CEO Philip Siberg, will provide insights into the company’s performance and will include a Q&A session, reflecting Senzime’s commitment to transparency and engagement with investors and stakeholders.

Senzime Secures Major U.S. Hospital Contract for TetraGraph Monitors
Jul 1, 2025

Senzime AB has secured a significant contract with a major U.S. university hospital system to supply its TetraGraph monitors and engage in scientific collaboration. This agreement, which involves the installation of 63 monitors in Texas, aims to standardize neuromuscular monitoring for over 27,000 patients annually. The collaboration will leverage Senzime’s TetraConnect platform and AI analysis to enhance anesthesia care through personalized, data-driven approaches. This milestone not only represents one of Senzime’s largest installations but also sets a benchmark for implementing Quality Improvement initiatives in anesthesiology, potentially transforming patient monitoring and management during surgery.

Senzime Secures New U.S. Patent for TetraGraph System
Jul 1, 2025

Senzime AB has been granted a new U.S. patent for its TetraGraph system, which enhances the system’s capabilities by improving the quality of electromyography signals. This patent strengthens Senzime’s competitive position in the neuromuscular monitoring field, highlighting their commitment to innovation and patient safety.

Senzime AB Approves Directed Share Issue to Adam Dahlberg
Jun 30, 2025

Senzime AB held an extraordinary general meeting where shareholders unanimously approved a directed share issue, allowing Adam Dahlberg to subscribe for up to 700,000 new shares at SEK 4.60 each. This decision will increase the company’s share capital by a maximum of SEK 87,500, potentially impacting its financial structure and market positioning.

Senzime Completes First Tranche of Directed Share Issue
Jun 12, 2025

Senzime AB has completed the first tranche of its directed share issue, successfully allocating 22,250,000 out of 23,300,000 shares, resulting in a capital increase of approximately MSEK 102.38. This move, involving new and long-term institutional investors, aims to bolster the company’s financial standing and expand its shareholder base, with the second tranche pending approval at an extraordinary general meeting.

Senzime AB Calls Extraordinary Meeting for Share Issue Approval
Jun 2, 2025

Senzime AB has announced an extraordinary general meeting to be held on June 30, 2025, to approve a directed share issue. This strategic move aims to inject new capital into the company by issuing a maximum of 700,000 new shares, specifically directed to Adam Dahlberg, to strengthen its financial position and support its growth initiatives.

Senzime AB Announces SEK 110 Million Directed Share Issue to Fuel Expansion
Jun 2, 2025

Senzime AB has announced a directed share issue to raise SEK 110 million, aimed at supporting its commercial expansion, innovation projects, and working capital needs. The share issue involves new and existing investors, including significant institutional investors, and is intended to strengthen the company’s shareholder base, providing increased security and stability. The decision to opt for a share issue over loan financing reflects the company’s strategic focus on cost efficiency and investor support.

Senzime Applauds New European Pediatric Guidelines for Neuromuscular Monitoring
May 26, 2025

Senzime AB welcomes the pre-announcement of new European pediatric guidelines for quantitative neuromuscular monitoring during anesthesia, revealed at the Euroanaesthesia 2025 congress. This development is significant for pediatric anesthesia, as it recommends EMG-based monitoring technology, aligning with Senzime’s TetraGraph system, which is FDA-cleared for use on patients as young as one month. The guidelines represent a substantial market opportunity for Senzime, addressing the historical lack of specialized pediatric solutions and aiming to reduce the risks of residual neuromuscular block in pediatric surgeries.

Senzime AB Announces Key Resolutions from Annual General Meeting
May 19, 2025

Senzime AB’s annual general meeting resulted in several key resolutions, including the adoption of the 2024 financial statements, re-election of board members, and the introduction of a new employee stock option program. These decisions aim to strengthen the company’s governance and incentivize its workforce, potentially enhancing its market position and operational effectiveness.

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 27, 2025