PROGENNasdaq StockholmDiagnostics & ResearchIFRS · SEK

Prostatype Genomics

Prostatype Genomics is a Swedish medical technology company focused on molecular diagnostics for prostate cancer. Its core product is the Prostatype® Test System, a gene-expression test used to support treatment decisions after a prostate cancer diagnosis, with commercial activity in selected European markets and the United States.

Revenue0.6m SEK
+198.5 %y/y
Operating profit (EBIT)-38.9m SEK
+4.7 %y/y
EBIT margin-6,555.2%
+13,973.9 ppy/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-50-40-30-20-10010m SEK2021: 0.01 m SEK20212022: 0.68 m SEK2022: EBIT -29 m SEK20222023: 1.4 m SEK2023: EBIT -33 m SEK20232024: 0.20 m SEK2024: EBIT -41 m SEK20242025: 0.59 m SEK2025: EBIT -39 m SEK20250.59-39
RevenueOperating profit (EBIT)

Business

Share of revenue
Prostatype® diagnostic test85 %

Molecular gene test used to assess prostate cancer risk and guide treatment decisions.

Testing services15 %

Commercial testing and related service revenue from running the Prostatype® workflow.

Customers

The company sells into healthcare settings that diagnose and treat prostate cancer, where clinicians need additional information beyond standard pathology. Buyers are typically hospitals, laboratories, and healthcare systems that use the test to support treatment selection and reduce overtreatment. In the U.S., reimbursement and payer acceptance are important because they influence adoption and test utilization.

Hospitals and specialist clinics

Buy the test to support prostate cancer treatment decisions for diagnosed patients

Clinical laboratories

Use or distribute the test workflow and related sample analysis services

Payers and reimbursement systems

Not direct buyers in all cases, but reimbursement determines uptake and volume

Physicians and care teams

Use the result as decision support when selecting treatment intensity

Strategy

The company’s strategy centers on commercializing Prostatype® in priority markets and building clinical evidence to support adoption. It also emphasizes reimbursement access, especially in the U.S., while keeping strategic flexibility through partnerships or a potential company sale.

U.S. commercializationShort term

The U.S. is a large prostate cancer market and a major source of future adoption

Medicare reimbursementShort term

Reimbursement is central to scaling test volume in the U.S. healthcare system

Clinical evidence generationMedium term

Published data supports physician confidence, payer coverage, and partner interest

Strategic partnershipsMedium term

Commercial partners can accelerate distribution and market access

Geography

Prostatype Genomics is headquartered in Stockholm, Sweden, and operates from the Swedish market while commercializing its product in selected European markets and the United States. The company’s geography matters because adoption depends on local regulatory clearance, reimbursement pathways, and clinical practice patterns, especially in the U.S. and Europe.

Risks

The business depends on successful commercialization of a single core product, so adoption, reimbursement, and competitive differentiation are critical. It also carries typical medtech risks around regulation, patent challenges, study outcomes, and impairment of capitalized development costs if future cash flows do not materialize as expected.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Commercialization and adoption risk1Reimbursement risk2Competition and patent challenge risk3Regulatory and study risk4Impairment risk on intangible assets5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Commercialization and adoption riskImpact: HighLikelihood: High

    Revenue depends on physicians, labs, and payers adopting Prostatype® at scale

    Exposure: Single core product

  2. Reimbursement riskImpact: HighLikelihood: High

    Coverage decisions, especially Medicare, affect U.S. test utilization

    Exposure: U.S. market

  3. Competition and patent challenge riskImpact: HighLikelihood: Medium

    Other medtech companies may launch equivalent tests or challenge IP

    Exposure: Europe and U.S.

  4. Regulatory and study riskImpact: HighLikelihood: Medium

    Clinical evidence and approvals can be delayed or fail to meet expectations

    Exposure: Product launch and market access

  5. Impairment risk on intangible assetsImpact: HighLikelihood: Medium

    Capitalized development costs depend on future commercialization cash flows

    Exposure: Balance sheet intangibles

Accounting

Judgemental items
Capitalized development costs and impairment

The balance sheet includes significant intangibles tied to Prostatype® commercialization

Impact: If sales or cash flows disappoint, write-downs may accelerate

Going-concern and financing assumptions

The company depends on external funding until positive operating cash flow

Impact: Affects liquidity disclosures and continuity assumptions

K3 accounting framework

Swedish K3 governs recognition and measurement choices in the financial statements

Impact: Shapes treatment of development costs, liabilities, and equity

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Prostatype Genomics (PROGEN) Revenue, Earnings & Financials 2025 – Clarifo