GPXNasdaq StockholmScientific & Technical InstrumentsIFRS · SEK

Gasporox

Gasporox AB is a Swedish instrumentation company focused on laser-based quality control for packaging and containers. Its products are used to inspect pharmaceutical, food, and beverage packaging through standalone measurement instruments, inline inspection systems, sensors, and related services.

Revenue0.7m SEK
+0.0 %y/y
Operating profit (EBIT)-6.1m SEK
−178.9 %y/y
EBIT margin-818.4%
−525.0 ppy/y
Net income-7.7m SEK
+99.7 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-100102030m SEK2020: 12 m SEK2020: EBIT -4.4 m SEK20202021: 16 m SEK2021: EBIT -5.4 m SEK20212022: 21 m SEK2022: EBIT -4.2 m SEK20222023: 0.74 m SEK2023: EBIT -0.58 m SEK20232024: 0.74 m SEK2024: EBIT -2.2 m SEK20242025: 0.74 m SEK2025: EBIT -6.1 m SEK20250.74-6.1
RevenueOperating profit (EBIT)

Business

Share of revenue
Sensors and sensor modules35 %

Laser-based sensors sold to machine builders for integration into inspection equipment.

Measurement instruments30 %

Standalone instruments used by factories and laboratories for packaging quality testing.

Inline inspection systems20 %

Integrated systems for 100% inspection on production lines in industrial packaging environments.

Service and support15 %

Installation, calibration, remote support, and annual service agreements.

Customers

Gasporox sells to machine manufacturers, producing factories, and testing laboratories in pharmaceutical, food, and beverage packaging. The business model combines direct sales, distributor sales, and recurring service, so customers buy both hardware and ongoing support. Its solutions are used where packaging integrity, leak detection, and quality assurance are critical.

Machine manufacturers

Buy sensors and sensor modules for integration into inspection systems.

Pharmaceutical producers

Buy instruments and inline systems for vial, ampoule, bag, and bottle inspection.

Food and beverage producers

Buy packaging inspection tools for leak testing and quality control.

Laboratories and test centers

Buy standalone instruments and measurement services for validation and testing.

Installed-base service customers

Buy calibration, support, and annual service agreements after installation.

Strategy

Gasporox is broadening its platform from sensors and instruments toward more complete inspection solutions and recurring service. It is also extending from its core pharmaceutical base into food and beverage applications, while developing SpectraPore as a newer business area. The strategy is designed to deepen customer relationships, increase installed-base usage, and create more recurring revenue.

Broaden the product offering into full inspection solutionsMedium term

Complete systems can capture more of the customer workflow and strengthen switching costs.

Expand from pharma into food and beverageMedium term

New end markets increase the addressable market and reduce dependence on one industry.

Build recurring revenue from service and aftermarketShort term

Service agreements and calibration create repeat business after the initial sale.

Advance SpectraPore and other new applicationsLong term

New technology areas can open additional markets beyond the core packaging platform.

Geography

Gasporox describes its market as global, with sales and partner coverage across multiple regions through more than 50 partners and resellers. The company is rooted in Sweden and serves customers in Europe and other international markets, with geographic expansion forming part of its commercial model. Geography matters because adoption depends on local machine builders, industrial customers, and distributor coverage.

Risks

Gasporox faces adoption risk because new products and new applications may take time to gain market acceptance, especially in regulated industrial settings. Its growth also depends on capital availability, execution across multiple markets, and protection of proprietary technology. As a small hardware-and-service company, it is exposed to macroeconomic swings, competitive pressure, and customer investment cycles.

Sorted by severity
Market acceptance of new productsHigh

The company depends on customers adopting new inspection solutions and applications.

Exposure: New launches and pilot projects

Liquidity and future capital needsHigh

Expansion and development spending can outpace internally generated cash.

Exposure: Growth investments and project delays

Competitive pressureMedium

Alternative inspection technologies or lower-priced competitors can reduce win rates.

ExposureSensorsInstrumentsInline systems
Macroeconomic and customer capex cyclesMedium

Industrial customers may defer equipment purchases in weaker economic conditions.

ExposurePharmaFoodBeverage capital spending
Intellectual property protectionMedium

The business relies on proprietary laser-based methods and application know-how.

Exposure: Core technology and trade secrets

Accounting

Judgemental items
Revenue recognition by product and service type

Hardware, installation, and annual service may be recognized at different times.

Impact: Affects quarterly comparability and reported revenue mix

Development costs and project accounting

The company invests in new applications and pilot projects that may be expensed or capitalized.

Impact: Influences operating result and asset base

Impairment of intangible assets

Technology and application development can lose value if adoption is slower than expected.

Impact: Could create non-cash write-downs

Seasonality and order timing

Small order books and project-based sales can cause uneven quarterly revenue.

Impact: Makes trend analysis less linear

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Gasporox (GPX) Revenue, Earnings & Financials 2025 – Clarifo