Anoto Group AB (ANOT) AI Stock Analysis

• Market Cap: kr62.50M
• Dividend Yield: N/A
• Average Volume (3M): 849.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: -47.10%
• EPS Growth: -165.51%
• Country: SE
• Employees: 33
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -0.02
• Shares Outstanding: 1,102,362,800
• 10 Day Avg. Volume: 418,264
• 30 Day Avg. Volume: 849,589
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 40 Underperform
• Price Target: kr0.00 ▼(-100.00% Downside)

Anoto Group AB's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and significant losses. The technical analysis indicates a bearish trend, further weighing down the score. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield. The lack of earnings call data and corporate events means these factors do not influence the score.

Anoto Group AB Business Overview & Revenue Model

Company Description

Anoto Group AB (ANOT) is a technology company specializing in digital writing solutions and interactive paper technologies. The company operates primarily in the sectors of digitization and document management, leveraging its proprietary technology to create a seamless bridge between handwritten notes and digital formats. Anoto's core products include digital pens and software solutions that facilitate the capture, storage, and transfer of handwritten information into digital form, catering to various industries such as education, healthcare, and logistics.

How the Company Makes Money

Anoto generates revenue through the sale of its digital writing products, including digital pens, paper, and associated software solutions. Key revenue streams include direct sales to end-users, licensing agreements for its technology with partners, and subscription services for its software platforms. The company also benefits from partnerships with educational institutions, healthcare providers, and enterprises that integrate Anoto's solutions into their workflows, enhancing efficiency and productivity. Additionally, Anoto may earn revenue from maintenance contracts and support services related to its technology offerings.

Anoto Group AB Financial Statement Overview

Summary

Anoto Group AB is struggling financially, with declining revenues and significant losses impacting all aspects of its financial statements. The company has deeply negative margins and a highly negative return on equity, indicating severe profitability issues. While the debt level is manageable, the overall financial health is weak due to poor cash flow generation and operational inefficiencies.

Income Statement

Anoto Group AB's income statement shows significant challenges. The company has been experiencing declining revenues with a negative revenue growth rate of -7.1% in the TTM period. Margins are deeply negative, with a net profit margin of -4.47% and EBIT margin of -2.99%, indicating substantial losses. The gross profit margin of 54.49% is a relative strength, but overall profitability is severely impacted by high operating losses.

Balance Sheet

The balance sheet of Anoto Group AB reveals a mixed picture. The debt-to-equity ratio is relatively low at 0.29, suggesting manageable leverage levels. However, the return on equity is highly negative at -185.66%, reflecting significant losses relative to shareholder equity. The equity ratio is not provided, but the overall financial stability is questionable due to persistent losses.

Cash Flow

Cash flow analysis shows that Anoto Group AB is facing cash flow difficulties. The operating cash flow to net income ratio is negative, indicating that the company is not generating cash from its operations. Free cash flow has improved slightly with a growth rate of 15.33%, but it remains negative. The free cash flow to net income ratio is above 1, suggesting that free cash flow is less negative than net income, but overall cash flow health is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	21.51M	30.07M	43.01M	69.36M	71.73M	70.55M
Gross Profit	11.72M	14.36M	27.04M	42.90M	38.58M	38.16M
EBITDA	-58.78M	-53.76M	-64.86M	-21.92M	-24.63M	-111.24M
Net Income	-96.05M	-55.78M	-84.24M	-30.90M	-40.22M	-128.27M
Balance Sheet
Total Assets	116.06M	144.82M	143.62M	238.73M	239.07M	225.06M
Cash, Cash Equivalents and Short-Term Investments	269.00K	30.67M	2.62M	1.72M	3.88M	2.13M
Total Debt	12.35M	4.64M	24.29M	72.17M	41.64M	5.32M
Total Liabilities	73.89M	64.70M	84.28M	147.08M	106.33M	69.30M
Stockholders Equity	42.17M	80.13M	59.33M	111.00M	144.51M	158.86M
Cash Flow
Free Cash Flow	-93.75M	-51.96M	-40.00M	-32.33M	-46.33M	-68.22M
Operating Cash Flow	-79.24M	-43.98M	-40.73M	-27.95M	-39.02M	-61.60M
Investing Cash Flow	-13.45M	-12.44M	-1.13M	-2.27M	-7.01M	-7.27M
Financing Cash Flow	111.58M	84.44M	28.16M	27.70M	47.53M	50.63M

Anoto Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ANOT, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.49 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ANOT.

Anoto Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADVE	63 Neutral	kr884.12M	37.17	20.17%	0.45%	30.59%	2990.29%
SONE	56 Neutral	kr68.14M	-12.24	―	―	2.21%	-671.56%
WPAY	47 Neutral	kr175.74M	-368.75	-2.31%	―	17.33%	98.59%
FREJA	44 Neutral	kr370.66M	-22.08	-70.54%	―	23.24%	55.65%
ANOT	40 Underperform	kr62.50M	―	-219.03%	―	-47.10%	-165.51%
CYB1	36 Underperform	€3.86M	-2.56	―	―	―	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Anoto Group AB Corporate Events

Anoto Group AB’s AGM Decisions Shape Future Strategy

At its Annual General Meeting held on June 27, 2025, Anoto Group AB made several key decisions impacting its financial and operational strategies. The company approved its financial statements for 2024, decided against paying dividends, and carried forward its unrestricted equity. The board saw the re-election of key members and the introduction of a new board member, alongside the re-election of its auditor. A significant highlight was the approval of a long-term incentive program aimed at retaining and motivating key personnel, involving the issuance of employee stock options. Additionally, the board was authorized to issue new shares and repurchase series C shares to support the incentive program and ensure liquidity for social security contributions. These decisions are expected to enhance the company’s ability to attract talent and maintain financial flexibility.

Anoto Group Secures $250,000 Convertible Loan to Enhance Digital Writing Innovations

Anoto Group AB has secured a second tranche of $250,000 under an existing convertible loan agreement, which includes conversion rights into common shares. The loan, carrying a 10% annual interest rate, is secured by a first lien mortgage on Anoto’s assets and a pledge of shares in its subsidiary, KAIT Knowledge AI Holdings Pte. Ltd. This financial move aims to bolster Anoto’s operational capabilities and market positioning, potentially impacting stakeholders with its strategic focus on digital writing innovations.

Anoto Group AB Reports Decrease in Q1 2025 Sales

Anoto Group AB reported net sales of 6 MSEK for the first quarter of 2025, reflecting a decrease compared to the previous year’s 13 MSEK. This financial performance could impact the company’s market positioning and stakeholder confidence, as it navigates challenges in the digital pen and smart paper industry.

Anoto Group AB Announces 2025 Annual General Meeting Agenda

Anoto Group AB has announced its Annual General Meeting (AGM) scheduled for June 27, 2025, in Stockholm, Sweden. The agenda includes key resolutions such as the election of board members and auditors, approval of remuneration guidelines, and decisions on long-term incentive programs. The Principal Shareholders propose the re-election of current board members and the auditor, while the Board of Directors suggests no dividend distribution for 2024, with profits to be carried forward.