SenzaGen AB

SenzaGen AB

SSTO:SENZA
4.37
SEK
-0.08
(-1.80%)
-0.35EPS
184.00MMarket Cap
Nov 05Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.16
0.04
0.14
0.13
0.17
0.37
0.71
1.73
2.06
2.11
1.96
1.98
Basic EPS, GAAP
-0.26
-0.8
-1.57
-1.04
-3.11
-1.27
-1.44
-1.03
-0.91
-0.41
-0.39
-0.35
Free Cash Flow per Basic Share
-0.58
-1.26
-2.56
-1.75
-2.14
-1.49
-1.08
-0.77
-0.84
-0.4
-0.23
-0.19
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.75
2.95
6.37
5.38
6.28
5.05
4.58
3.71
2.74
3.08
2.63
2.76
Tangible Book Value per Share
3.48
2.42
5.63
4.44
5.53
4.33
2.54
1.24
0.63
1.4
1.06
1.33
Basic Weighted Avg Shares
11
11
8
16
16
21
22
24
24
27
30
31
Sales/Revenue/Turnover
2
- -
1
2
3
8
15
42
50
58
58
61
Operating Margin (%)
-279.35
-2,276.31
-1,440.24
-1,038.11
-1,392.33
-340.51
-202.57
-48.34
-30.01
-21.98
-19
-14.45
Depreciation Expense
-2
-2
1
1
3
4
4
9
12
3
3
- -
Net Income, GAAP
-3
-9
-13
-16
-50
-27
-31
-25
-22
-11
-12
-11
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-163.44
-1,786.95
-1,126.97
-805.71
-1,844.24
-341.39
-203.26
-59.64
-44.31
-19.44
-19.99
-17.48
Working Capital
38
21
77
55
118
90
59
29
12
39
29
40
LT Debt
2
- -
- -
- -
- -
- -
1
1
7
5
15
13
Total Equity
42
33
101
86
134
108
110
90
66
91
78
90
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-23.95
-19.43
-17.21
-45.64
-22.45
-28.75
-24.92
-28.34
-14.28
-13.74
-12.84

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4
4
4
LT Borrowings
5
5
4
LT Finance Leases
10
9
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
33
33
Market Capitalization
179
167
184

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
52
65
60
Cash, Cash Equivalents & STI
27
38
36
Accounts Receivable, Net
14
10
13
Inventories
2
3
2
Total Current Liabilities
23
22
21
Payables & Accruals
- -
- -
- -
ST Debt
4
4
4
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.92%
-3.95%
-14.46%
Free Cash Flow
9.42%
-24.38%
-38.02%
Net Income, GAAP
38.52%
-12.48%
3.29%
Sales/Revenue/Turnover
66.2%
60.04%
0.48%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14
15
13
15
58
2025
14
13
15
16
58
2026
15
15
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.13
-0.3
-0.08
-0.11
-0.41
2025
-0.09
-0.13
-0.07
-0.15
-0.39
2026
-0.06
-0.07
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Peter Nählstedt
Full Time Employees
36
Sector
Health technology
Industry
Biotechnology
Address
Building 401 Lund SN Sweden 223 81
IPO Date
Sep 21, 2017
Business
SenzaGen AB (SENZA.ST) develops and provides non-animal testing methods and advisory services for assessing the toxicological safety and efficacy of chemicals, focusing on skin sensitization, respiratory sensitization, irritation, corrosion, and related endpoints to replace traditional animal testing with human-relevant in vitro alternatives. The company's core GARD platform, powered by genomics and machine learning, includes GARDskin OECD 442E for hazard assessment with binary prediction; GARDskin Dose-Response for potency assessment; GARDskin Medical Device per ISO 10993-10 for evaluating medical devices and solid materials; and GARDair for respiratory sensitization assessment; complemented by regulatory toxicity tests such as skin corrosion (OECD 431), skin irritation (OECD 439), skin sensitization (OECD 442C/D/E), skin absorption (OECD 428), eye irritation, phototoxicity, genotoxicity, and the recently added EpiSensA method; as well as biological evaluation, biocompatibility testing, cytotoxicity, irritation services for substance-based medical devices, and specialized advisory services for pharmaceuticals, medical devices, cosmetics, and chemicals. Through subsidiaries VitroScreen s.r.l. (Italy) offering the proprietary VitroScreen ORA organoid platform for customized efficacy testing including cartilage models, and ToxHub s.r.l. (Italy) providing toxicological risk assessment and regulatory consulting, SenzaGen serves multinational customers in cosmetics, chemicals, medical devices, pharmaceuticals, and nutrition/food additives segments via direct sales and a global network of licensed contract research organizations primarily in Europe and North America. Founded in 2010 and headquartered in Lund, Sweden, at Medicon Village, the company operates testing laboratories in Sweden and Italy, with a North American subsidiary, and employs approximately 37 staff. Recent developments include the expanded OECD approval of GARDskin in Test Guideline No. 497 in Q2 2025, enabling testing of difficult substances like natural extracts and complex mixtures to drive demand in chemicals and cosmetics; first commercial orders for the new OECD-approved EpiSensA skin allergy test, including from the Research Institute for Fragrance Materials (RIFM); an extension of collaboration with RIFM securing a SEK 1.5 million photosensitization testing order and grant; submission of GARDskin Dose-Response for OECD approval via ECVAM; progress toward GARD inclusion in ISO 10993-10 for medical devices with successful validation study presentation and planned ring trial; initial customer order for VitroScreen ORA cartilage organoid model; and operational improvements at VitroScreen following 2024 management changes, alongside strong GARD order intake exceeding sales.