View ValuationBrainCool 将来の成長Future 基準チェック /16BrainCool利益と収益がそれぞれ年間56.6%と11.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に-6.2% 60.4%なると予測されています。主要情報56.6%収益成長率60.44%EPS成長率Medical Equipment 収益成長21.6%収益成長率11.5%将来の株主資本利益率-6.23%アナリストカバレッジLow最終更新日08 May 2026今後の成長に関する最新情報Major Estimate Revision • Apr 22Consensus revenue estimates decrease by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr72.0m to kr54.0m. EPS estimate unchanged from -kr0.06 per share at last update. Medical Equipment industry in Sweden expected to see average net income growth of 41% next year. Consensus price target of kr1.00 unchanged from last update. Share price rose 11% to kr0.87 over the past week.Major Estimate Revision • Feb 19Consensus EPS estimates fall by 200%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr73.0m to kr72.0m. Losses expected to increase from kr0.02 per share to kr0.06. Medical Equipment industry in Sweden expected to see average net income growth of 38% next year. Consensus price target of kr1.00 unchanged from last update. Share price rose 3.4% to kr0.50 over the past week.すべての更新を表示Recent updatesBuy Or Sell Opportunity • Jun 17Now 23% undervaluedOver the last 90 days, the stock has risen 25% to kr0.70. The fair value is estimated to be kr0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 75% in the next 2 years.Board Change • Jun 10No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Annelie Vikner is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: kr10.9m (down 4.6% from 1Q 2025). Net loss: kr8.12m (loss narrowed 2.8% from 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.Major Estimate Revision • Apr 22Consensus revenue estimates decrease by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr72.0m to kr54.0m. EPS estimate unchanged from -kr0.06 per share at last update. Medical Equipment industry in Sweden expected to see average net income growth of 41% next year. Consensus price target of kr1.00 unchanged from last update. Share price rose 11% to kr0.87 over the past week.分析記事 • Apr 02We're Not Very Worried About BrainCool's (STO:BRAIN) Cash Burn RateJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...お知らせ • Feb 21BrainCool AB (publ), Annual General Meeting, May 20, 2026BrainCool AB (publ), Annual General Meeting, May 20, 2026.Reported Earnings • Feb 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: kr0.15 loss per share (improved from kr0.20 loss in FY 2024). Revenue: kr45.1m (up 5.7% from FY 2024). Net loss: kr37.1m (loss narrowed 16% from FY 2024). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings.Major Estimate Revision • Feb 19Consensus EPS estimates fall by 200%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr73.0m to kr72.0m. Losses expected to increase from kr0.02 per share to kr0.06. Medical Equipment industry in Sweden expected to see average net income growth of 38% next year. Consensus price target of kr1.00 unchanged from last update. Share price rose 3.4% to kr0.50 over the past week.New Risk • Feb 18New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: kr37m Forecast net loss in 3 years: kr14m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr14m net loss in 3 years). Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (kr203.4m market cap, or US$22.6m).New Risk • Jan 17New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (kr225.1m market cap, or US$24.4m).Reported Earnings • Oct 26Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr15.0m (up 61% from 3Q 2024). Net loss: kr9.24m (loss narrowed 18% from 3Q 2024). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.お知らせ • Oct 24BrainCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.231865 million.BrainCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.231865 million. Security Name: Shares Security Type: Common Stock Securities Offered: 84,463,730 Price\Range: SEK 0.5 Transaction Features: Rights OfferingNew Risk • Oct 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr59m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Revenue is less than US$5m (kr41m revenue, or US$4.3m). Market cap is less than US$100m (kr215.4m market cap, or US$22.8m).Reported Earnings • Aug 17Second quarter 2025 earnings: Revenues miss analyst expectationsSecond quarter 2025 results: Revenue: kr7.41m (down 35% from 2Q 2024). Net loss: kr10.8m (loss narrowed 16% from 2Q 2024). Revenue missed analyst estimates by 65%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.New Risk • Aug 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr72m free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Revenue is less than US$5m (kr45m revenue, or US$4.7m). Market cap is less than US$100m (kr299.0m market cap, or US$31.3m).New Risk • May 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr72m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr72m free cash flow). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (kr44m revenue, or US$4.5m). Market cap is less than US$100m (kr445.0m market cap, or US$46.3m).お知らせ • May 02+ 3 more updatesBrainCool AB (publ) to Report Q2, 2025 Results on Aug 15, 2025BrainCool AB (publ) announced that they will report Q2, 2025 results on Aug 15, 2025Buy Or Sell Opportunity • Apr 22Now 25% undervaluedOver the last 90 days, the stock has risen 29% to kr1.67. The fair value is estimated to be kr2.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 151% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.Buy Or Sell Opportunity • Mar 10Now 21% undervaluedOver the last 90 days, the stock has risen 24% to kr1.83. The fair value is estimated to be kr2.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 151% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.お知らせ • Feb 21BrainCool AB (publ), Annual General Meeting, May 12, 2025BrainCool AB (publ), Annual General Meeting, May 12, 2025.New Risk • Feb 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr70m free cash flow). Earnings have declined by 4.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Revenue is less than US$5m (kr43m revenue, or US$4.0m). Market cap is less than US$100m (kr456.1m market cap, or US$42.8m).Reported Earnings • Feb 13Full year 2024 earnings released: kr0.17 loss per share (vs kr0.37 loss in FY 2023)Full year 2024 results: kr0.17 loss per share (improved from kr0.37 loss in FY 2023). Revenue: kr44.8m (up 63% from FY 2023). Net loss: kr44.0m (loss narrowed 28% from FY 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr71m free cash flow). Earnings have declined by 4.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Revenue is less than US$5m (kr41m revenue, or US$3.6m). Market cap is less than US$100m (kr333.0m market cap, or US$29.8m).Reported Earnings • Nov 03Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr9.18m (up 93% from 3Q 2023). Net loss: kr11.3m (loss widened 3.8% from 3Q 2023).Reported Earnings • Aug 16Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr11.7m (up 38% from 2Q 2023). Net loss: kr12.8m (flat on 2Q 2023).お知らせ • Jun 26Braincool AB (Publ) Approves Board AppointmentsBrainCool AB (publ) announced that annual general meeting held on June 26, 2024, Klaus Bratlie, Jens Lindberg and Michelle Hessius were elected as new members of the board of directors for the period until the end of the next annual general meeting.お知らせ • May 29BrainCool AB (publ) Announces Roger Henriksson Declines Re-Election as Board MemberBrainCool AB (publ) announced that Roger Henriksson has declined re-election as board member but will remain as a senior advisor to the Company.お知らせ • May 18BrainCool AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 85.763172 million.BrainCool AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 85.763172 million. Security Name: Shares Security Type: Common Stock Securities Offered: 77,966,520 Price\Range: SEK 1.1 Transaction Features: Rights Offeringお知らせ • Apr 17BrainCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 85.763172 million.BrainCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 85.763172 million. Security Name: Shares Security Type: Common Stock Securities Offered: 77,966,520 Price\Range: SEK 1.1 Transaction Features: Rights Offeringお知らせ • Apr 16+ 4 more updatesBrainCool AB (publ) to Report Q3, 2024 Results on Nov 01, 2024BrainCool AB (publ) announced that they will report Q3, 2024 results on Nov 01, 2024Reported Earnings • Apr 01Full year 2023 earnings releasedFull year 2023 results: Revenue: kr30.9m (up 2.7% from FY 2022). Net loss: kr61.3m (loss widened 34% from FY 2022).お知らせ • Mar 27Braincool AB (Publ) Announces Karolinska Starts the Clinical Study PRINCESS 2 with BrainCool's Product RhinoChill® SystemBrainCool AB (publ) announced that Karolinska Institutet/University Hospital on March 27, 2024 will start the recruitment of patients for the large and groundbreaking clinical study PRINCESS 2, which is based on BrainCool's product RhinoChill®? System. RhinoChill®? System enables a unique cooling method for early and ultra-fast cooling of the brain. This means that as of tomorrow, a number of Swedish physician manned emergency vehicles (Sw. Akutlakarbilar) are equipped with BrainCool's product Rhino Chill®? System. Thus, RhinoChill®? System is now used in practice for acute treatment of cardiac arrest in the daily Swedish emergency care within the framework of this study. As soon as one of the equipped vehicles reaches a patient with cardiac arrest, the patient will be treated with RhinoChill®? System.New Risk • Mar 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr92m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Revenue is less than US$5m (kr22m revenue, or US$2.1m). Market cap is less than US$100m (kr391.2m market cap, or US$37.0m).お知らせ • Jan 05BrainCool AB (publ) and University of Freiburg Announces Start of Pivotal Clinical Trial (Cottis 2) for Combined Target Temperature Management and Thrombectomy After Ischemic StrokeBrainCool AB announced the start of the pivotal (phase 3) clinical trial COTTIS 2 after approval from the German pharmaceutical agency ("The BfArM"). COTTIS 2 is an EU funded multicenter randomized controlled clinical trial of a total of 400 patients led by the University of Freiburg, Germany. The objective of the COTTIS 2 study is planned to evaluate the efficiency of combining cooling treatment of patients undergoing thrombectomy. Two interim analyses are planned after 100 and 200 patients. The study follows the COTTIS 1 study (Ref. 1) which proved that this novel cooling treatment was safe and feasible, and associated with very strong data on survival with very good functional outcomes. Treating stroke remains one of the grand challenges of medicine. It is the second leading cause of death worldwide and the leading cause of neurological disability, greater than all dementias combined, including Alzheimer's. BrainCool's ultra early cooling solution is by far the most promising solution for protecting the brain after a stroke. Securing national approval from BfArM in Germany to commence COTTIS 2 as a non-CE trial, based on MDR, marks an important milestone in journey to make this treatment accessible to patients in the near future. COTTIS aims to enhance patient outcomes by minimizing the occurrence and severity of brain damage associated with strokes. In COTTIS-1, 68% of patients treated with thrombectomy in combination with hypothermia achieved a favorable score of 0-2 on the mRS scale within 3 months. Comparatively, retrospective studies on only thrombectomy-treated patients at the University Hospital of Freiburg revealed a 35% rate of mRS 0-2 after 3 months when patients arrived directly at the hospital for the procedure, and 30% for those transferred from another hospital. The results suggest a remarkable achievement, with a doubling in the number of patients showing good neurological function compared to typical survivors. Thrombectomy, a minimally invasive surgical procedure, involves the removal of blood clots from arteries, significantly improving outcomes for stroke patients. Thrombectomy stands as one of the most efficacious treatments in medicine, with a potential to prevent disability in one patient with stroke for every 2.3 patients treated. However, the majority of the patients undergoing thrombectomy still experience major disabilities. The study participants are randomized into two groups, with 200 patients in each group. The intervention group will receive cooling treatment with BrainCool's products combined with thrombectomy and will be compared with a control group receiving the current standard treatment (thrombectomy with/without thrombolysis) of today. The primary endpoint and objective of the study is to measure the proportion of survivors with good neurological function (mRS 0-2), with the aim of showing a statistically significant difference corresponding to an effective size difference of 14%, in terms of survival with good neurological function (defined as mRS 0 - 2). Two interim analyzes are planned after 100 and 200 patient. The pre-specified cut-off value for ending the study earlier, requires a p-value of p<0.0025. The thrombectomy technique employed in the early phases of ischemic stroke, coupled with periinterventional procedures, offers an opportunity to apply hypothermia within the optimal time frame identified through initial animal experiments and subsequently a human clinical trial encompassning 22 patients - COTTIS 1. RhinoChill®? System facilitates the administration of hypothermia in the initial stages of ischemic stroke, preceding reperfusion, and during a specified period post-reperfusion. Consequently, it becomes feasible to impact crucial elements of the pathophysiological cascade following ischemic stroke and reperfusion. The findings from COTTIS 1 strongly indicate that two-thirds of patients survived with good neurological recovery, suggesting a positive outcome associated with this procedure.Recent Insider Transactions • Dec 27CEO & Director recently sold kr254k worth of stockOn the 22nd of December, Martin Waleij sold around 42k shares on-market at roughly kr6.09 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Martin has been a net seller over the last 12 months, reducing personal holdings by kr309k.Reported Earnings • Dec 01Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr5.04m (down 31% from 3Q 2022). Net loss: kr10.9m (loss narrowed 4.4% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Nov 29Braincool AB (Publ) Announces New Clinical Study Evaluating Early Hypothermia Treatment After Cardiac Arrest with the Braincool System and Rhinochill SystemBrainCool AB (publ) announced that a clinical study with BrainCool products has been published in JCM (impact factor 3.9) by researchers at the Center for Cardiac arrest Research at Karolinska Institute (Ref 1). The study evaluated the RhinoChill®? System to initiate early cooling treatment immediately after arrival at the hospital instead of waiting until patients arrived in the intensive care unit. The research group at Karolinska Institute has shown for the first time that it is possible that RhinoChill®?, as the only method on the market, can deliver effective and continuous cooling that can be started in the emergency department and continue during transport to and in connection with X-rays and advanced heart examinations. When patients arrived in theintensive care unit, the BrainCool™? System was used for systemic cooling for 24 hours. Karolinska Institute, with support from BrainCool AB, is also running the European multicenter study PRINCESS2 to study ultra-early cooling with RhinoChill®? in patients who suffer cardiac arrest outside the hospital.Recent Insider Transactions • Oct 29CEO & Director recently bought kr53k worth of stockOn the 24th of October, Martin Waleij bought around 14k shares on-market at roughly kr3.79 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr62k. Martin has been a buyer over the last 12 months, purchasing a net total of kr115k worth in shares.お知らせ • Oct 28American Medical Association Approves New Current Procedural Terminology Code for Cryotherapy Using BrainCool's Cooral SystemBrainCool AB (publ) announced that the American Medical Association (AMA) formally announced the approval of a new Current Procedural Terminology (CPT®) code for cryotherapy - using the company' s Cooral® System - in patients undergoing chemotherapy. The new code CPT 3 will be released on January 1, 2024, and become effective on July 1 2024. The new code has several positive implications for BrainCool and its product Cooral® System. It opens for reimbursement for Cooral® System from Medicare - the U. S public health care system. Reimbursement in this case does not require a U. S-based clinical trial over a period of 5 years. This implies that BrainCool can bring forward the official launch of Cooral® System on the U. S market to mid 2024 instead of 2025/26. Reimbursement will facilitate a more rapid penetration of the market and provide more clinical evidence of Cooral´s benefits to other players than Medicare in the market such as the major private insurers. The benefits include alleviating pain to patients undergoing chemotherapy and reducing cost. The medical costs for treating oral mucositis are estimated at approximately 25,000 USD per patient. BrainCool will in the long-term benefit in seeking to establish a reimbursement framework also for the private insurance sector. As previously announced, BrainCool will establish a robust U. S structure with a randomized, controlled trial with U. S patients only. The focus is on patients affected by lymphoma that are also treated with stem cell transplants. The clinical trial will encompass 80-100 patients with the first patient enrolled in the first quarter of 2024. The study is expected to be completed by the end of 2025. The new CPT code is unique as there previously was no code at all for treating oral mucositis with cryotherapy. The application process for the code was very smooth and there were no objections on the path to approval.お知らせ • Sep 23BrainCool AB (publ) Announces New CPT Code from AMA for Cooral® System supports Pathway to Reimbursement in the U.SBrainCool AB reported that the American Medical Association (AMA) have announced the approval of a new Current Procedural Terminology (CPT®) code for reduction of complications associated with oral mucositis in patients undergoing chemotherapy, thereby creating a clear path for reimbursement of the Cooral® System. The new CPT code, an action resulted from the AMA CPT Editorial Panel's September 21st - 23rd 2023 meeting, will become effective for use in 2024, and establishing a pathway for widespread adoption and reimbursement. Worth highlighting is that the code application was included by the CPT Committee as a `consent' application. Meaning the application was approved without further discussions and a vote.Recent Insider Transactions • Sep 06CEO & Director recently bought kr62k worth of stockOn the 4th of September, Martin Waleij bought around 12k shares on-market at roughly kr5.20 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months.Reported Earnings • Aug 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr9.37m (up 4.9% from 2Q 2022). Net loss: kr12.7m (loss widened 7.2% from 2Q 2022).New Risk • Aug 27New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr64m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 4.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (146% increase in shares outstanding). Minor Risks Revenue is less than US$5m (kr24m revenue, or US$2.2m). Market cap is less than US$100m (kr715.5m market cap, or US$64.8m).お知らせ • Jul 29Braincool AB (Publ) Introduces Minichill in JapanBrainCool AB (publ) introduced MiniChill in Japan, the next generation RhinoChill technology. The company has committed to provide products (with limited revenue of EUR 6,000) for an animal-based clinical trial/study, focusing on selective brain cooling using the updated Rhinochill technology. The clinical trial will be initiated at Nagoya University, at the Department of Emergency and Critical Care, with Dr. Mitsuaki Nishikimi as trial leader. Funding for the trial has been made possible through support from the ZOLL Foundation. In this study, MiniChill, the new generation RhinoChill, will be used. This innovative product was developed under the COOLHEAD project, which received an EU grant from Eurostars in 2019. MiniChill represents significant progress and reduces the weight of today's product from 13 kg to only 5 kg. The improvement is a direct response to valuable feedback from the PRINCESS study, in which the ambulance service and EMS highlighted the size and weight as a limiting factor during emergency situations. BrainCool welcomed this feedback and created the next generation RhinoCill (MiniChill), now three times lighter, making it easier to adapt to different situations and easier to transport. Design and functionality have mainly been retained. Some adjustments have been made to the electronic components and the alarm, to match the appropriate medical device standards. The main objective of the Japanese study is to collect crucial data for selective brain cooling in a 'cardiac arrest model'. The process of selective brain cooling involves targeting specific brain regions to protect them from damage during a cardiac arrest. This is achieved by inducing rapid brain cooling while keeping the body warm using an endovascular catheter. The study results could be a game changer and lead to major medical advances, especially with regard to neuroprotection in the intensive care for heart disease.お知らせ • Jul 27Braincool AB (Publ) Announces New Patent Application for Rhinochill Technology Paves the Way for New PossibilitiesBrainCool AB (publ) announced that the patent application for a newly developed technology resulting in updated cooling systems of RhinoChill, has reduced its weight significantly, from 13 kg to only 5 kg. Even the size has been reduced. The development of the product has been fully financed within the framework of two EU grants. The clinical results of the Princess 2 also apply to the new lighter generation of the device. The new generation of RhinoChill will be evaluated in collaboration with Karolinska Institutet (1) in a substudy to Princess 2, with the aim of: evaluating the effectiveness and feasibility of the compact RhinoChill version in a real clinical setting. further validating its potential applications and overall performance. BrainCool and Karolinska will seek additional funding to support the substudy and the final stages of product development leading to market approval. The new lightweight generation RhinoChill, creates new possibilities and will also target new areas such as: traumatic brain injuries (TBI) in the military market. the growing medical problem of heat stroke caused by climate change. BrainCool's goal is to introduce a new standard of care with cooling technology in public settings, schools and sports facilities, similar to the implementation of defibrillators/AEDs.お知らせ • Jul 15BrainCool AB (publ) Receives Patent Approval for "Shivering" in the EU for the Product BrainCool SystemBrainCool AB (publ) received a patent approval for "shivering" in the EU for the product BrainCool™ System. The final step for patent protection of the BrainCool System has been completed with the approval of technology to manage shivering during cooling in the EU. The patent for addressing 'shivering' has already been approved in the USA, Sweden, Japan, South Korea, and China.お知らせ • Jun 15Braincool AB (Publ) Announces International Clinical Study with Rhinochill®System of Patients with Sudden Cardiac Arrest Obtain Ethical ApprovalBrainCool AB (publ) has been notified by Karolinska Institutet about the clinical study, PRINCESS 2, has now have received ethical approval both from the ethical committee and the national body (Swedish Medical Agency (Svenska Läkemedelsverket - LMV), The clinical trial is to study the neuroprotective effect of ultra-early cooling on cardiac arrest. On the 28th of March 2023, BrainCool announced that the company will supply Karolinska with its product RhinoChill®System for the study. The order is worth 3 million SEK over a three-year period. Karolinska Institutet will now be able to start recruiting patients for the study that will cover up to 924 patients. The approval should then automatically apply to other EU-states after or in parallel with applications for ethical approval of the clinical study. The ethical approval application is made by the specific hospital implementing the trial and approved by a regional agency in each EU-state.Reported Earnings • Jun 01First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr4.34m (down 58% from 1Q 2022). Net loss: kr15.6m (loss widened 71% from 1Q 2022).お知らせ • Jun 01+ 1 more updateBrainCool AB (publ) to Report Q3, 2023 Results on Nov 30, 2023BrainCool AB (publ) announced that they will report Q3, 2023 results on Nov 30, 2023お知らせ • May 04BraincCool Launches New Commercialization Strategy for Its Breakthrough Product Cooral ®System Aiming for Reimbursement in the U.SBrainCool AB (publ) launches a new commercialization strategy in the U.S for the new cryotherapy product Cooral ®System supporting patients undergoing treatment for cancer. Cooral ® Systems is one of the first breakthrough medical products that has obtained marketapproval in the U.S. If the strategy is successful, it will create substantial value not only for the patients but also for BrainCool and its shareholders. In parallel, a global marketing strategy will be developed. BrainCool has developed Cooral ®Systems over the past few years to address the severe problem with oral mucositis (OM) that may affect patients under cancer treatment. A large -multi-clinical study demonstrated the efficacy of the Cooral device to reduce the incidence of OM in patients undergoing chemotherapy and in October 2022 Cooral® System obtained De Novo 510 k approval with a Breakthrough designation from FDA in the U.S. The approval applies for all chemotherapy regimens that may lead to OM and is not restricted to any specific chemo agent or cancer indication. There is a strong support for using the new cryotherapy product preventing and mitigating OM frommajor oncology societies in the US such as the International Society of Oral Oncology, AmericanSociety of Clinical Oncology, and the Oncology Nursing Society.分析記事 • Mar 24Is BrainCool (NGM:BRAIN) In A Good Position To Invest In Growth?We can readily understand why investors are attracted to unprofitable companies. For example, although...お知らせ • Jan 30BrainCool AB (publ) to Report Fiscal Year 2022 Results on Feb 28, 2023BrainCool AB (publ) announced that they will report fiscal year 2022 results on Feb 28, 2023Reported Earnings • Dec 02Third quarter 2022 earnings released: kr0.17 loss per share (vs kr0.12 loss in 3Q 2021)Third quarter 2022 results: kr0.17 loss per share (further deteriorated from kr0.12 loss in 3Q 2021). Revenue: kr7.30m (down 7.9% from 3Q 2021). Net loss: kr11.4m (loss widened 49% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.分析記事 • Nov 17Here's Why BrainCool (NGM:BRAIN) Can Afford Some DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). CEO & Director Martin Waleij was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Sep 03Second quarter 2022 earnings released: kr0.18 loss per share (vs kr0.13 loss in 2Q 2021)Second quarter 2022 results: kr0.18 loss per share (down from kr0.13 loss in 2Q 2021). Revenue: kr8.93m (up 24% from 2Q 2021). Net loss: kr11.9m (loss widened 43% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.分析記事 • Jul 23We Think BrainCool (NGM:BRAIN) Has A Fair Chunk Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Jun 03First quarter 2022 earnings released: kr0.14 loss per share (vs kr0.12 loss in 1Q 2021)First quarter 2022 results: kr0.14 loss per share (down from kr0.12 loss in 1Q 2021). Revenue: kr10.4m (up 48% from 1Q 2021). Net loss: kr9.12m (loss widened 28% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). CEO & Director Martin Waleij was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Recent Insider Transactions • Mar 30CEO & Director recently bought kr73k worth of stockOn the 25th of March, Martin Waleij bought around 11k shares on-market at roughly kr6.62 per share. In the last 3 months, they made an even bigger purchase worth kr195k. Martin has been a buyer over the last 12 months, purchasing a net total of kr579k worth in shares.Recent Insider Transactions • Mar 24CEO & Director recently bought kr195k worth of stockOn the 16th of March, Martin Waleij bought around 36k shares on-market at roughly kr5.49 per share. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr507k worth in shares.Recent Insider Transactions • Mar 24CEO & Director recently bought kr195k worth of stockOn the 16th of March, Martin Waleij bought around 36k shares on-market at roughly kr5.49 per share. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr507k worth in shares.Recent Insider Transactions • Mar 22CEO & Director recently bought kr195k worth of stockOn the 16th of March, Martin Waleij bought around 36k shares on-market at roughly kr5.49 per share. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr507k worth in shares.分析記事 • Mar 07Is BrainCool (NGM:BRAIN) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Mar 03Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: kr0.61 loss per share (up from kr0.68 loss in FY 2020). Revenue: kr27.5m (up 73% from FY 2020). Net loss: kr38.8m (loss widened 3.9% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Dec 02Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: kr0.12 loss per share (up from kr0.12 loss in 3Q 2020). Revenue: kr7.93m (up 44% from 3Q 2020). Net loss: kr7.63m (loss widened 7.9% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 28Second quarter 2021 earnings released: kr0.13 loss per share (vs kr0.15 loss in 2Q 2020)The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: kr7.20m (up 72% from 2Q 2020). Net loss: kr8.29m (loss widened 8.4% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Jun 22CEO & Director recently bought kr238k worth of stockOn the 17th of June, Martin Waleij bought around 35k shares on-market at roughly kr6.80 per share. This was the largest purchase by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months.お知らせ • Mar 17BrainCool AB (publ), Annual General Meeting, Apr 15, 2021BrainCool AB (publ), Annual General Meeting, Apr 15, 2021.Reported Earnings • Mar 01Full year 2020 earnings released: kr0.68 loss per share (vs kr1.43 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr18.1m (up 62% from FY 2019). Net loss: kr37.3m (loss narrowed 35% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.お知らせ • Feb 13BrainCool AB (publ) Receives FDA "Breakthrough Device" Designation for Cooral® System for Prevention of Oral MucositisBrainCool AB (publ) announced that the U.S. Food and Drug Administration (FDA) has granted "Breakthrough Device" Designation for the Cooral® System, for prevention of Oral Mucositis (OM). The FDA Breakthrough Devices Program, implemented by the FDA in 2018, replaces other fast track programs, and is intended to increase delivery of innovative medical devices that "provide for more effective treatment or diagnosis of life-threatening, or irreversibly debilitating diseases." With this designation, the FDA will provide priority review and feedback throughout the final stages of market clearance through a De Novo 510 k process, and continued support as the device enters the market in the United States. The Cooral® System, CE marked in June 2020 as an invasive medical device in the EU, has shown statistically significant evidence of its safety and effectiveness in clinical trials. A study presented at a late breaking session during the 2020 European Society for Medical Oncology's Virtual Meeting in September, is expected to be published in a major scientific journal this spring. As part of its application for FDA "Breakthrough Device" Designation, BrainCool AB (publ) was able to present already completed clinical results from the Nordic multi-center study assessing the safety and effectiveness of the Cooral® System and showing significant evidence for prevention of OM.Is New 90 Day High Low • Jan 24New 90-day high: kr9.17The company is up 8.0% from its price of kr8.50 on 26 October 2020. The Swedish market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Medical Equipment industry, which is up 12% over the same period.分析記事 • Jan 14How Much Did BrainCool's(NGM:BRAIN) Shareholders Earn From Share Price Movements Over The Last Five Years?It's nice to see the BrainCool AB (publ) ( NGM:BRAIN ) share price up 18% in a week. But over the last half decade, the...Reported Earnings • Dec 02Third quarter 2020 earnings released: kr0.12 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: kr5.50m (up 55% from 3Q 2019). Net loss: kr7.07m (loss narrowed 42% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 23New 90-day low: kr7.00The company is down 2.0% from its price of kr7.15 on 25 August 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Medical Equipment industry, which is up 2.0% over the same period.お知らせ • Sep 19Braincool AB Announces Statistically Significant Late-Breaking Clinical Data At SMO Virtual Congress 2020BrainCool AB announced late-breaking clinical results of the Cooral® System, a novel cooling device for the prevention of Oral Mucositis (OM), at the European Society for Medical Oncology (ESMO) Virtual Congress 2020. Data was collected from a Nordic multi-center pivotal trial led by Karolinska University Hospital, Stockholm, that enrolled 182 patients with multiple myeloma or lymphoma who were scheduled to receive high-dose chemotherapy prior to hematopoietic stem cell transplantation. The abstract was presented at ESMO by Java Walladbegi, PhD, Oral Medicine, Department of Oral Medicine & Pathology, Institute of Odontology at The Sahlgrenska Academy, University of Gothenburg, Sweden. Dr. Walladbegi was project manager for the blinded, randomized investigation, which compared the efficacy of ice chips (IC) and an intra-oral cooling device (ICD; Cooral) for cryoprevention of OM. Results from the randomized trial proved that the Cooral® System was as effective as IC in terms of cryoprevention, with severe OM occurring in fewer than 10% of the cases tested. For patients with lymphoma, use of the Cooral® System showed vastly improved prevention of OM and was significantly more effective when compared to the conventional method with IC [Oral Mucositis Assessment Scale (OMAS) mean total 1.77 vs 3.08; p = 0.047]. This finding is particularly notable because lymphoma patients are treated with longer courses of chemotherapy, making severe OM a life-threatening inevitability. As for patient-reported tolerability, both diagnostic groups (myeloma and lymphoma), reported a statistically significant higher degree of tolerability when Cooral was used as compared with IC [p = 0.020]. In addition to cancer care improvements, the study indicates potential economic benefits as well. Costs for patients with severe OM in conjunction with stem cell transplantation have been estimated at more than $70,000 per patient. The data presented at ESMO are a clear indication that most of these healthcare costs can be prevented with use of the Cooral® System. Presentation of this data at ESMO paves the way for market introduction of the Cooral® System in the EU, following market clearance in early June 2020 as a class 2 invasive medical device. The device was CE marked for the EU /ESS markets as an invasive medical device this past June, and BrainCool is currently conducting a De Novo 510(k) process to obtain market clearance in the U.S.お知らせ • Sep 12BrainCool AB (publ) to Report Q2, 2020 Results on Aug 28, 2020BrainCool AB (publ) announced that they will report Q2, 2020 results on Aug 28, 2020業績と収益の成長予測OM:BRAIN - アナリストの将来予測と過去の財務データ ( )SEK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202858-733112/31/202748-10N/A2112/31/202641-25-24-2313/31/202644-37-55-49N/A12/31/202545-37-59-53N/A9/30/202545-37-44-36N/A6/30/202539-39-59-50N/A3/31/202545-41-72-67N/A12/31/202442-44-70-63N/A9/30/202442-58-71-65N/A6/30/202438-57-69-62N/A3/31/202433-57-59-51N/A12/31/202327-61-67-61N/A9/30/202332-52-92-85N/A6/30/202332-53-76-70N/A3/31/202328-52-64-57N/A12/31/202230-46-54-46N/A9/30/202216-48N/AN/AN/A6/30/202219-44-40-30N/A3/31/202234-42N/AN/AN/A12/31/202123-39-35-24N/A9/30/202125-34N/AN/AN/A6/30/202122-33-43-32N/A3/31/20218-32N/AN/AN/A12/31/202016-37-47-39N/A9/30/202017-46N/AN/AN/A6/30/202015-50-48-44N/A3/31/202014-57N/AN/AN/A12/31/201912-57N/A-56N/A9/30/201913-55N/AN/AN/A6/30/201910-51N/A-39N/A3/31/20197-44N/AN/AN/A12/31/20189-39N/A-25N/A9/30/20187-28N/AN/AN/A6/30/20186-25N/AN/AN/A3/31/20184-22N/AN/AN/A12/31/20175-23N/A-29N/A9/30/20174-21N/AN/AN/A6/30/20173-20N/AN/AN/A3/31/20173-18N/AN/AN/A12/31/20163-13N/A-15N/A9/30/20163-12N/AN/AN/A6/30/20163-12N/AN/AN/A3/31/20162-11N/AN/AN/A12/31/20152-9N/A-12N/A9/30/20152-13N/AN/AN/A6/30/20151-11N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: BRAIN今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: BRAIN今後 3 年間、利益が出ない状態が続くと予測されています。高成長収益: BRAIN今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: BRAINの収益 ( 11.5% ) Swedish市場 ( -0.4% ) よりも速いペースで成長すると予測されています。高い収益成長: BRAINの収益 ( 11.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: BRAIN 3 年以内に赤字になると予測されています。成長企業の発掘7D1Y7D1Y7D1YHealthcare 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/29 09:53終値2026/06/26 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋BrainCool AB (publ) 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Maria Karlsson OsipovaDNB Carnegie
Major Estimate Revision • Apr 22Consensus revenue estimates decrease by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr72.0m to kr54.0m. EPS estimate unchanged from -kr0.06 per share at last update. Medical Equipment industry in Sweden expected to see average net income growth of 41% next year. Consensus price target of kr1.00 unchanged from last update. Share price rose 11% to kr0.87 over the past week.
Major Estimate Revision • Feb 19Consensus EPS estimates fall by 200%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr73.0m to kr72.0m. Losses expected to increase from kr0.02 per share to kr0.06. Medical Equipment industry in Sweden expected to see average net income growth of 38% next year. Consensus price target of kr1.00 unchanged from last update. Share price rose 3.4% to kr0.50 over the past week.
Buy Or Sell Opportunity • Jun 17Now 23% undervaluedOver the last 90 days, the stock has risen 25% to kr0.70. The fair value is estimated to be kr0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 75% in the next 2 years.
Board Change • Jun 10No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Annelie Vikner is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
Reported Earnings • May 11First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: kr10.9m (down 4.6% from 1Q 2025). Net loss: kr8.12m (loss narrowed 2.8% from 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Apr 22Consensus revenue estimates decrease by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr72.0m to kr54.0m. EPS estimate unchanged from -kr0.06 per share at last update. Medical Equipment industry in Sweden expected to see average net income growth of 41% next year. Consensus price target of kr1.00 unchanged from last update. Share price rose 11% to kr0.87 over the past week.
分析記事 • Apr 02We're Not Very Worried About BrainCool's (STO:BRAIN) Cash Burn RateJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
お知らせ • Feb 21BrainCool AB (publ), Annual General Meeting, May 20, 2026BrainCool AB (publ), Annual General Meeting, May 20, 2026.
Reported Earnings • Feb 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: kr0.15 loss per share (improved from kr0.20 loss in FY 2024). Revenue: kr45.1m (up 5.7% from FY 2024). Net loss: kr37.1m (loss narrowed 16% from FY 2024). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Feb 19Consensus EPS estimates fall by 200%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr73.0m to kr72.0m. Losses expected to increase from kr0.02 per share to kr0.06. Medical Equipment industry in Sweden expected to see average net income growth of 38% next year. Consensus price target of kr1.00 unchanged from last update. Share price rose 3.4% to kr0.50 over the past week.
New Risk • Feb 18New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: kr37m Forecast net loss in 3 years: kr14m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr14m net loss in 3 years). Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (kr203.4m market cap, or US$22.6m).
New Risk • Jan 17New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (kr225.1m market cap, or US$24.4m).
Reported Earnings • Oct 26Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr15.0m (up 61% from 3Q 2024). Net loss: kr9.24m (loss narrowed 18% from 3Q 2024). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
お知らせ • Oct 24BrainCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.231865 million.BrainCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.231865 million. Security Name: Shares Security Type: Common Stock Securities Offered: 84,463,730 Price\Range: SEK 0.5 Transaction Features: Rights Offering
New Risk • Oct 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr59m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Revenue is less than US$5m (kr41m revenue, or US$4.3m). Market cap is less than US$100m (kr215.4m market cap, or US$22.8m).
Reported Earnings • Aug 17Second quarter 2025 earnings: Revenues miss analyst expectationsSecond quarter 2025 results: Revenue: kr7.41m (down 35% from 2Q 2024). Net loss: kr10.8m (loss narrowed 16% from 2Q 2024). Revenue missed analyst estimates by 65%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.
New Risk • Aug 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr72m free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Revenue is less than US$5m (kr45m revenue, or US$4.7m). Market cap is less than US$100m (kr299.0m market cap, or US$31.3m).
New Risk • May 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr72m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr72m free cash flow). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (kr44m revenue, or US$4.5m). Market cap is less than US$100m (kr445.0m market cap, or US$46.3m).
お知らせ • May 02+ 3 more updatesBrainCool AB (publ) to Report Q2, 2025 Results on Aug 15, 2025BrainCool AB (publ) announced that they will report Q2, 2025 results on Aug 15, 2025
Buy Or Sell Opportunity • Apr 22Now 25% undervaluedOver the last 90 days, the stock has risen 29% to kr1.67. The fair value is estimated to be kr2.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 151% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.
Buy Or Sell Opportunity • Mar 10Now 21% undervaluedOver the last 90 days, the stock has risen 24% to kr1.83. The fair value is estimated to be kr2.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 151% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.
お知らせ • Feb 21BrainCool AB (publ), Annual General Meeting, May 12, 2025BrainCool AB (publ), Annual General Meeting, May 12, 2025.
New Risk • Feb 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr70m free cash flow). Earnings have declined by 4.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Revenue is less than US$5m (kr43m revenue, or US$4.0m). Market cap is less than US$100m (kr456.1m market cap, or US$42.8m).
Reported Earnings • Feb 13Full year 2024 earnings released: kr0.17 loss per share (vs kr0.37 loss in FY 2023)Full year 2024 results: kr0.17 loss per share (improved from kr0.37 loss in FY 2023). Revenue: kr44.8m (up 63% from FY 2023). Net loss: kr44.0m (loss narrowed 28% from FY 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr71m free cash flow). Earnings have declined by 4.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Revenue is less than US$5m (kr41m revenue, or US$3.6m). Market cap is less than US$100m (kr333.0m market cap, or US$29.8m).
Reported Earnings • Nov 03Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr9.18m (up 93% from 3Q 2023). Net loss: kr11.3m (loss widened 3.8% from 3Q 2023).
Reported Earnings • Aug 16Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr11.7m (up 38% from 2Q 2023). Net loss: kr12.8m (flat on 2Q 2023).
お知らせ • Jun 26Braincool AB (Publ) Approves Board AppointmentsBrainCool AB (publ) announced that annual general meeting held on June 26, 2024, Klaus Bratlie, Jens Lindberg and Michelle Hessius were elected as new members of the board of directors for the period until the end of the next annual general meeting.
お知らせ • May 29BrainCool AB (publ) Announces Roger Henriksson Declines Re-Election as Board MemberBrainCool AB (publ) announced that Roger Henriksson has declined re-election as board member but will remain as a senior advisor to the Company.
お知らせ • May 18BrainCool AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 85.763172 million.BrainCool AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 85.763172 million. Security Name: Shares Security Type: Common Stock Securities Offered: 77,966,520 Price\Range: SEK 1.1 Transaction Features: Rights Offering
お知らせ • Apr 17BrainCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 85.763172 million.BrainCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 85.763172 million. Security Name: Shares Security Type: Common Stock Securities Offered: 77,966,520 Price\Range: SEK 1.1 Transaction Features: Rights Offering
お知らせ • Apr 16+ 4 more updatesBrainCool AB (publ) to Report Q3, 2024 Results on Nov 01, 2024BrainCool AB (publ) announced that they will report Q3, 2024 results on Nov 01, 2024
Reported Earnings • Apr 01Full year 2023 earnings releasedFull year 2023 results: Revenue: kr30.9m (up 2.7% from FY 2022). Net loss: kr61.3m (loss widened 34% from FY 2022).
お知らせ • Mar 27Braincool AB (Publ) Announces Karolinska Starts the Clinical Study PRINCESS 2 with BrainCool's Product RhinoChill® SystemBrainCool AB (publ) announced that Karolinska Institutet/University Hospital on March 27, 2024 will start the recruitment of patients for the large and groundbreaking clinical study PRINCESS 2, which is based on BrainCool's product RhinoChill®? System. RhinoChill®? System enables a unique cooling method for early and ultra-fast cooling of the brain. This means that as of tomorrow, a number of Swedish physician manned emergency vehicles (Sw. Akutlakarbilar) are equipped with BrainCool's product Rhino Chill®? System. Thus, RhinoChill®? System is now used in practice for acute treatment of cardiac arrest in the daily Swedish emergency care within the framework of this study. As soon as one of the equipped vehicles reaches a patient with cardiac arrest, the patient will be treated with RhinoChill®? System.
New Risk • Mar 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr92m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Revenue is less than US$5m (kr22m revenue, or US$2.1m). Market cap is less than US$100m (kr391.2m market cap, or US$37.0m).
お知らせ • Jan 05BrainCool AB (publ) and University of Freiburg Announces Start of Pivotal Clinical Trial (Cottis 2) for Combined Target Temperature Management and Thrombectomy After Ischemic StrokeBrainCool AB announced the start of the pivotal (phase 3) clinical trial COTTIS 2 after approval from the German pharmaceutical agency ("The BfArM"). COTTIS 2 is an EU funded multicenter randomized controlled clinical trial of a total of 400 patients led by the University of Freiburg, Germany. The objective of the COTTIS 2 study is planned to evaluate the efficiency of combining cooling treatment of patients undergoing thrombectomy. Two interim analyses are planned after 100 and 200 patients. The study follows the COTTIS 1 study (Ref. 1) which proved that this novel cooling treatment was safe and feasible, and associated with very strong data on survival with very good functional outcomes. Treating stroke remains one of the grand challenges of medicine. It is the second leading cause of death worldwide and the leading cause of neurological disability, greater than all dementias combined, including Alzheimer's. BrainCool's ultra early cooling solution is by far the most promising solution for protecting the brain after a stroke. Securing national approval from BfArM in Germany to commence COTTIS 2 as a non-CE trial, based on MDR, marks an important milestone in journey to make this treatment accessible to patients in the near future. COTTIS aims to enhance patient outcomes by minimizing the occurrence and severity of brain damage associated with strokes. In COTTIS-1, 68% of patients treated with thrombectomy in combination with hypothermia achieved a favorable score of 0-2 on the mRS scale within 3 months. Comparatively, retrospective studies on only thrombectomy-treated patients at the University Hospital of Freiburg revealed a 35% rate of mRS 0-2 after 3 months when patients arrived directly at the hospital for the procedure, and 30% for those transferred from another hospital. The results suggest a remarkable achievement, with a doubling in the number of patients showing good neurological function compared to typical survivors. Thrombectomy, a minimally invasive surgical procedure, involves the removal of blood clots from arteries, significantly improving outcomes for stroke patients. Thrombectomy stands as one of the most efficacious treatments in medicine, with a potential to prevent disability in one patient with stroke for every 2.3 patients treated. However, the majority of the patients undergoing thrombectomy still experience major disabilities. The study participants are randomized into two groups, with 200 patients in each group. The intervention group will receive cooling treatment with BrainCool's products combined with thrombectomy and will be compared with a control group receiving the current standard treatment (thrombectomy with/without thrombolysis) of today. The primary endpoint and objective of the study is to measure the proportion of survivors with good neurological function (mRS 0-2), with the aim of showing a statistically significant difference corresponding to an effective size difference of 14%, in terms of survival with good neurological function (defined as mRS 0 - 2). Two interim analyzes are planned after 100 and 200 patient. The pre-specified cut-off value for ending the study earlier, requires a p-value of p<0.0025. The thrombectomy technique employed in the early phases of ischemic stroke, coupled with periinterventional procedures, offers an opportunity to apply hypothermia within the optimal time frame identified through initial animal experiments and subsequently a human clinical trial encompassning 22 patients - COTTIS 1. RhinoChill®? System facilitates the administration of hypothermia in the initial stages of ischemic stroke, preceding reperfusion, and during a specified period post-reperfusion. Consequently, it becomes feasible to impact crucial elements of the pathophysiological cascade following ischemic stroke and reperfusion. The findings from COTTIS 1 strongly indicate that two-thirds of patients survived with good neurological recovery, suggesting a positive outcome associated with this procedure.
Recent Insider Transactions • Dec 27CEO & Director recently sold kr254k worth of stockOn the 22nd of December, Martin Waleij sold around 42k shares on-market at roughly kr6.09 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Martin has been a net seller over the last 12 months, reducing personal holdings by kr309k.
Reported Earnings • Dec 01Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr5.04m (down 31% from 3Q 2022). Net loss: kr10.9m (loss narrowed 4.4% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Nov 29Braincool AB (Publ) Announces New Clinical Study Evaluating Early Hypothermia Treatment After Cardiac Arrest with the Braincool System and Rhinochill SystemBrainCool AB (publ) announced that a clinical study with BrainCool products has been published in JCM (impact factor 3.9) by researchers at the Center for Cardiac arrest Research at Karolinska Institute (Ref 1). The study evaluated the RhinoChill®? System to initiate early cooling treatment immediately after arrival at the hospital instead of waiting until patients arrived in the intensive care unit. The research group at Karolinska Institute has shown for the first time that it is possible that RhinoChill®?, as the only method on the market, can deliver effective and continuous cooling that can be started in the emergency department and continue during transport to and in connection with X-rays and advanced heart examinations. When patients arrived in theintensive care unit, the BrainCool™? System was used for systemic cooling for 24 hours. Karolinska Institute, with support from BrainCool AB, is also running the European multicenter study PRINCESS2 to study ultra-early cooling with RhinoChill®? in patients who suffer cardiac arrest outside the hospital.
Recent Insider Transactions • Oct 29CEO & Director recently bought kr53k worth of stockOn the 24th of October, Martin Waleij bought around 14k shares on-market at roughly kr3.79 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr62k. Martin has been a buyer over the last 12 months, purchasing a net total of kr115k worth in shares.
お知らせ • Oct 28American Medical Association Approves New Current Procedural Terminology Code for Cryotherapy Using BrainCool's Cooral SystemBrainCool AB (publ) announced that the American Medical Association (AMA) formally announced the approval of a new Current Procedural Terminology (CPT®) code for cryotherapy - using the company' s Cooral® System - in patients undergoing chemotherapy. The new code CPT 3 will be released on January 1, 2024, and become effective on July 1 2024. The new code has several positive implications for BrainCool and its product Cooral® System. It opens for reimbursement for Cooral® System from Medicare - the U. S public health care system. Reimbursement in this case does not require a U. S-based clinical trial over a period of 5 years. This implies that BrainCool can bring forward the official launch of Cooral® System on the U. S market to mid 2024 instead of 2025/26. Reimbursement will facilitate a more rapid penetration of the market and provide more clinical evidence of Cooral´s benefits to other players than Medicare in the market such as the major private insurers. The benefits include alleviating pain to patients undergoing chemotherapy and reducing cost. The medical costs for treating oral mucositis are estimated at approximately 25,000 USD per patient. BrainCool will in the long-term benefit in seeking to establish a reimbursement framework also for the private insurance sector. As previously announced, BrainCool will establish a robust U. S structure with a randomized, controlled trial with U. S patients only. The focus is on patients affected by lymphoma that are also treated with stem cell transplants. The clinical trial will encompass 80-100 patients with the first patient enrolled in the first quarter of 2024. The study is expected to be completed by the end of 2025. The new CPT code is unique as there previously was no code at all for treating oral mucositis with cryotherapy. The application process for the code was very smooth and there were no objections on the path to approval.
お知らせ • Sep 23BrainCool AB (publ) Announces New CPT Code from AMA for Cooral® System supports Pathway to Reimbursement in the U.SBrainCool AB reported that the American Medical Association (AMA) have announced the approval of a new Current Procedural Terminology (CPT®) code for reduction of complications associated with oral mucositis in patients undergoing chemotherapy, thereby creating a clear path for reimbursement of the Cooral® System. The new CPT code, an action resulted from the AMA CPT Editorial Panel's September 21st - 23rd 2023 meeting, will become effective for use in 2024, and establishing a pathway for widespread adoption and reimbursement. Worth highlighting is that the code application was included by the CPT Committee as a `consent' application. Meaning the application was approved without further discussions and a vote.
Recent Insider Transactions • Sep 06CEO & Director recently bought kr62k worth of stockOn the 4th of September, Martin Waleij bought around 12k shares on-market at roughly kr5.20 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months.
Reported Earnings • Aug 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr9.37m (up 4.9% from 2Q 2022). Net loss: kr12.7m (loss widened 7.2% from 2Q 2022).
New Risk • Aug 27New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr64m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 4.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (146% increase in shares outstanding). Minor Risks Revenue is less than US$5m (kr24m revenue, or US$2.2m). Market cap is less than US$100m (kr715.5m market cap, or US$64.8m).
お知らせ • Jul 29Braincool AB (Publ) Introduces Minichill in JapanBrainCool AB (publ) introduced MiniChill in Japan, the next generation RhinoChill technology. The company has committed to provide products (with limited revenue of EUR 6,000) for an animal-based clinical trial/study, focusing on selective brain cooling using the updated Rhinochill technology. The clinical trial will be initiated at Nagoya University, at the Department of Emergency and Critical Care, with Dr. Mitsuaki Nishikimi as trial leader. Funding for the trial has been made possible through support from the ZOLL Foundation. In this study, MiniChill, the new generation RhinoChill, will be used. This innovative product was developed under the COOLHEAD project, which received an EU grant from Eurostars in 2019. MiniChill represents significant progress and reduces the weight of today's product from 13 kg to only 5 kg. The improvement is a direct response to valuable feedback from the PRINCESS study, in which the ambulance service and EMS highlighted the size and weight as a limiting factor during emergency situations. BrainCool welcomed this feedback and created the next generation RhinoCill (MiniChill), now three times lighter, making it easier to adapt to different situations and easier to transport. Design and functionality have mainly been retained. Some adjustments have been made to the electronic components and the alarm, to match the appropriate medical device standards. The main objective of the Japanese study is to collect crucial data for selective brain cooling in a 'cardiac arrest model'. The process of selective brain cooling involves targeting specific brain regions to protect them from damage during a cardiac arrest. This is achieved by inducing rapid brain cooling while keeping the body warm using an endovascular catheter. The study results could be a game changer and lead to major medical advances, especially with regard to neuroprotection in the intensive care for heart disease.
お知らせ • Jul 27Braincool AB (Publ) Announces New Patent Application for Rhinochill Technology Paves the Way for New PossibilitiesBrainCool AB (publ) announced that the patent application for a newly developed technology resulting in updated cooling systems of RhinoChill, has reduced its weight significantly, from 13 kg to only 5 kg. Even the size has been reduced. The development of the product has been fully financed within the framework of two EU grants. The clinical results of the Princess 2 also apply to the new lighter generation of the device. The new generation of RhinoChill will be evaluated in collaboration with Karolinska Institutet (1) in a substudy to Princess 2, with the aim of: evaluating the effectiveness and feasibility of the compact RhinoChill version in a real clinical setting. further validating its potential applications and overall performance. BrainCool and Karolinska will seek additional funding to support the substudy and the final stages of product development leading to market approval. The new lightweight generation RhinoChill, creates new possibilities and will also target new areas such as: traumatic brain injuries (TBI) in the military market. the growing medical problem of heat stroke caused by climate change. BrainCool's goal is to introduce a new standard of care with cooling technology in public settings, schools and sports facilities, similar to the implementation of defibrillators/AEDs.
お知らせ • Jul 15BrainCool AB (publ) Receives Patent Approval for "Shivering" in the EU for the Product BrainCool SystemBrainCool AB (publ) received a patent approval for "shivering" in the EU for the product BrainCool™ System. The final step for patent protection of the BrainCool System has been completed with the approval of technology to manage shivering during cooling in the EU. The patent for addressing 'shivering' has already been approved in the USA, Sweden, Japan, South Korea, and China.
お知らせ • Jun 15Braincool AB (Publ) Announces International Clinical Study with Rhinochill®System of Patients with Sudden Cardiac Arrest Obtain Ethical ApprovalBrainCool AB (publ) has been notified by Karolinska Institutet about the clinical study, PRINCESS 2, has now have received ethical approval both from the ethical committee and the national body (Swedish Medical Agency (Svenska Läkemedelsverket - LMV), The clinical trial is to study the neuroprotective effect of ultra-early cooling on cardiac arrest. On the 28th of March 2023, BrainCool announced that the company will supply Karolinska with its product RhinoChill®System for the study. The order is worth 3 million SEK over a three-year period. Karolinska Institutet will now be able to start recruiting patients for the study that will cover up to 924 patients. The approval should then automatically apply to other EU-states after or in parallel with applications for ethical approval of the clinical study. The ethical approval application is made by the specific hospital implementing the trial and approved by a regional agency in each EU-state.
Reported Earnings • Jun 01First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr4.34m (down 58% from 1Q 2022). Net loss: kr15.6m (loss widened 71% from 1Q 2022).
お知らせ • Jun 01+ 1 more updateBrainCool AB (publ) to Report Q3, 2023 Results on Nov 30, 2023BrainCool AB (publ) announced that they will report Q3, 2023 results on Nov 30, 2023
お知らせ • May 04BraincCool Launches New Commercialization Strategy for Its Breakthrough Product Cooral ®System Aiming for Reimbursement in the U.SBrainCool AB (publ) launches a new commercialization strategy in the U.S for the new cryotherapy product Cooral ®System supporting patients undergoing treatment for cancer. Cooral ® Systems is one of the first breakthrough medical products that has obtained marketapproval in the U.S. If the strategy is successful, it will create substantial value not only for the patients but also for BrainCool and its shareholders. In parallel, a global marketing strategy will be developed. BrainCool has developed Cooral ®Systems over the past few years to address the severe problem with oral mucositis (OM) that may affect patients under cancer treatment. A large -multi-clinical study demonstrated the efficacy of the Cooral device to reduce the incidence of OM in patients undergoing chemotherapy and in October 2022 Cooral® System obtained De Novo 510 k approval with a Breakthrough designation from FDA in the U.S. The approval applies for all chemotherapy regimens that may lead to OM and is not restricted to any specific chemo agent or cancer indication. There is a strong support for using the new cryotherapy product preventing and mitigating OM frommajor oncology societies in the US such as the International Society of Oral Oncology, AmericanSociety of Clinical Oncology, and the Oncology Nursing Society.
分析記事 • Mar 24Is BrainCool (NGM:BRAIN) In A Good Position To Invest In Growth?We can readily understand why investors are attracted to unprofitable companies. For example, although...
お知らせ • Jan 30BrainCool AB (publ) to Report Fiscal Year 2022 Results on Feb 28, 2023BrainCool AB (publ) announced that they will report fiscal year 2022 results on Feb 28, 2023
Reported Earnings • Dec 02Third quarter 2022 earnings released: kr0.17 loss per share (vs kr0.12 loss in 3Q 2021)Third quarter 2022 results: kr0.17 loss per share (further deteriorated from kr0.12 loss in 3Q 2021). Revenue: kr7.30m (down 7.9% from 3Q 2021). Net loss: kr11.4m (loss widened 49% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.
分析記事 • Nov 17Here's Why BrainCool (NGM:BRAIN) Can Afford Some DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). CEO & Director Martin Waleij was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Sep 03Second quarter 2022 earnings released: kr0.18 loss per share (vs kr0.13 loss in 2Q 2021)Second quarter 2022 results: kr0.18 loss per share (down from kr0.13 loss in 2Q 2021). Revenue: kr8.93m (up 24% from 2Q 2021). Net loss: kr11.9m (loss widened 43% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.
分析記事 • Jul 23We Think BrainCool (NGM:BRAIN) Has A Fair Chunk Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Jun 03First quarter 2022 earnings released: kr0.14 loss per share (vs kr0.12 loss in 1Q 2021)First quarter 2022 results: kr0.14 loss per share (down from kr0.12 loss in 1Q 2021). Revenue: kr10.4m (up 48% from 1Q 2021). Net loss: kr9.12m (loss widened 28% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). CEO & Director Martin Waleij was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Recent Insider Transactions • Mar 30CEO & Director recently bought kr73k worth of stockOn the 25th of March, Martin Waleij bought around 11k shares on-market at roughly kr6.62 per share. In the last 3 months, they made an even bigger purchase worth kr195k. Martin has been a buyer over the last 12 months, purchasing a net total of kr579k worth in shares.
Recent Insider Transactions • Mar 24CEO & Director recently bought kr195k worth of stockOn the 16th of March, Martin Waleij bought around 36k shares on-market at roughly kr5.49 per share. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr507k worth in shares.
Recent Insider Transactions • Mar 24CEO & Director recently bought kr195k worth of stockOn the 16th of March, Martin Waleij bought around 36k shares on-market at roughly kr5.49 per share. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr507k worth in shares.
Recent Insider Transactions • Mar 22CEO & Director recently bought kr195k worth of stockOn the 16th of March, Martin Waleij bought around 36k shares on-market at roughly kr5.49 per share. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr507k worth in shares.
分析記事 • Mar 07Is BrainCool (NGM:BRAIN) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Mar 03Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: kr0.61 loss per share (up from kr0.68 loss in FY 2020). Revenue: kr27.5m (up 73% from FY 2020). Net loss: kr38.8m (loss widened 3.9% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Dec 02Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: kr0.12 loss per share (up from kr0.12 loss in 3Q 2020). Revenue: kr7.93m (up 44% from 3Q 2020). Net loss: kr7.63m (loss widened 7.9% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 28Second quarter 2021 earnings released: kr0.13 loss per share (vs kr0.15 loss in 2Q 2020)The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: kr7.20m (up 72% from 2Q 2020). Net loss: kr8.29m (loss widened 8.4% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Jun 22CEO & Director recently bought kr238k worth of stockOn the 17th of June, Martin Waleij bought around 35k shares on-market at roughly kr6.80 per share. This was the largest purchase by an insider in the last 3 months. This was Martin's only on-market trade for the last 12 months.
お知らせ • Mar 17BrainCool AB (publ), Annual General Meeting, Apr 15, 2021BrainCool AB (publ), Annual General Meeting, Apr 15, 2021.
Reported Earnings • Mar 01Full year 2020 earnings released: kr0.68 loss per share (vs kr1.43 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr18.1m (up 62% from FY 2019). Net loss: kr37.3m (loss narrowed 35% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
お知らせ • Feb 13BrainCool AB (publ) Receives FDA "Breakthrough Device" Designation for Cooral® System for Prevention of Oral MucositisBrainCool AB (publ) announced that the U.S. Food and Drug Administration (FDA) has granted "Breakthrough Device" Designation for the Cooral® System, for prevention of Oral Mucositis (OM). The FDA Breakthrough Devices Program, implemented by the FDA in 2018, replaces other fast track programs, and is intended to increase delivery of innovative medical devices that "provide for more effective treatment or diagnosis of life-threatening, or irreversibly debilitating diseases." With this designation, the FDA will provide priority review and feedback throughout the final stages of market clearance through a De Novo 510 k process, and continued support as the device enters the market in the United States. The Cooral® System, CE marked in June 2020 as an invasive medical device in the EU, has shown statistically significant evidence of its safety and effectiveness in clinical trials. A study presented at a late breaking session during the 2020 European Society for Medical Oncology's Virtual Meeting in September, is expected to be published in a major scientific journal this spring. As part of its application for FDA "Breakthrough Device" Designation, BrainCool AB (publ) was able to present already completed clinical results from the Nordic multi-center study assessing the safety and effectiveness of the Cooral® System and showing significant evidence for prevention of OM.
Is New 90 Day High Low • Jan 24New 90-day high: kr9.17The company is up 8.0% from its price of kr8.50 on 26 October 2020. The Swedish market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Medical Equipment industry, which is up 12% over the same period.
分析記事 • Jan 14How Much Did BrainCool's(NGM:BRAIN) Shareholders Earn From Share Price Movements Over The Last Five Years?It's nice to see the BrainCool AB (publ) ( NGM:BRAIN ) share price up 18% in a week. But over the last half decade, the...
Reported Earnings • Dec 02Third quarter 2020 earnings released: kr0.12 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: kr5.50m (up 55% from 3Q 2019). Net loss: kr7.07m (loss narrowed 42% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 23New 90-day low: kr7.00The company is down 2.0% from its price of kr7.15 on 25 August 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Medical Equipment industry, which is up 2.0% over the same period.
お知らせ • Sep 19Braincool AB Announces Statistically Significant Late-Breaking Clinical Data At SMO Virtual Congress 2020BrainCool AB announced late-breaking clinical results of the Cooral® System, a novel cooling device for the prevention of Oral Mucositis (OM), at the European Society for Medical Oncology (ESMO) Virtual Congress 2020. Data was collected from a Nordic multi-center pivotal trial led by Karolinska University Hospital, Stockholm, that enrolled 182 patients with multiple myeloma or lymphoma who were scheduled to receive high-dose chemotherapy prior to hematopoietic stem cell transplantation. The abstract was presented at ESMO by Java Walladbegi, PhD, Oral Medicine, Department of Oral Medicine & Pathology, Institute of Odontology at The Sahlgrenska Academy, University of Gothenburg, Sweden. Dr. Walladbegi was project manager for the blinded, randomized investigation, which compared the efficacy of ice chips (IC) and an intra-oral cooling device (ICD; Cooral) for cryoprevention of OM. Results from the randomized trial proved that the Cooral® System was as effective as IC in terms of cryoprevention, with severe OM occurring in fewer than 10% of the cases tested. For patients with lymphoma, use of the Cooral® System showed vastly improved prevention of OM and was significantly more effective when compared to the conventional method with IC [Oral Mucositis Assessment Scale (OMAS) mean total 1.77 vs 3.08; p = 0.047]. This finding is particularly notable because lymphoma patients are treated with longer courses of chemotherapy, making severe OM a life-threatening inevitability. As for patient-reported tolerability, both diagnostic groups (myeloma and lymphoma), reported a statistically significant higher degree of tolerability when Cooral was used as compared with IC [p = 0.020]. In addition to cancer care improvements, the study indicates potential economic benefits as well. Costs for patients with severe OM in conjunction with stem cell transplantation have been estimated at more than $70,000 per patient. The data presented at ESMO are a clear indication that most of these healthcare costs can be prevented with use of the Cooral® System. Presentation of this data at ESMO paves the way for market introduction of the Cooral® System in the EU, following market clearance in early June 2020 as a class 2 invasive medical device. The device was CE marked for the EU /ESS markets as an invasive medical device this past June, and BrainCool is currently conducting a De Novo 510(k) process to obtain market clearance in the U.S.
お知らせ • Sep 12BrainCool AB (publ) to Report Q2, 2020 Results on Aug 28, 2020BrainCool AB (publ) announced that they will report Q2, 2020 results on Aug 28, 2020