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Speqta AB
(BRIGHT)
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Rating:41Neutral
Price Target:
kr0.32
▼(-40.00% Downside)
Action:Reiterated
Date:09/26/26
The score is driven primarily by weak financial performance (declining revenue, large ongoing losses, and persistent cash burn), partially offset by a low-debt balance sheet. Technical indicators also point to a sustained downtrend with weak momentum, while valuation is difficult to support due to negative earnings and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
Zero reported debt and historically modest leverage reduce interest obligations and refinancing exposure. This gives Speqta more financial flexibility than a highly leveraged peer, although that advantage depends on controlling losses and preserving remaining capital.
Negative Factors
Declining Revenue
Revenue contraction across the latest period and the prior year indicates weakening top-line traction rather than an isolated quarterly fluctuation. Persistent decline can reduce operating scale, limit investment capacity, and make future profitability harder to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
Zero reported debt and historically modest leverage reduce interest obligations and refinancing exposure. This gives Speqta more financial flexibility than a highly leveraged peer, although that advantage depends on controlling losses and preserving remaining capital.
Read all positive factors
Speqta AB (BRIGHT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr36.86M
Dividend Yield45.11%
Average Volume (3M)70.07K
Price to Earnings (P/E)―
Beta (1Y)0.04
Revenue Growth-30.85%
EPS Growth6.07%
CountrySE
Employees28
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.95
Shares Outstanding116,275,250
10 Day Avg. Volume138,729
30 Day Avg. Volume70,073
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.44
Price to Sales (P/S)0.29
P/FCF Ratio-0.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.32
Revenue Forecast (FY)kr49.50M
Speqta AB Business Overview & Revenue Model
Company Description
BrightBid Group AB (publ) operates as an adtech firm, specializing in delivering data-driven and AI-powered services to generate web traffic for clients across Sweden and internationally. The company's offerings encompass SaaS solutions such as Br...
How the Company Makes Money
Speqta AB’s earnings are generally associated with performance marketing models in which revenue is tied to measurable outcomes (rather than only selling media space). Typical revenue mechanics in this sector include (a) affiliate/partner marketin...
Speqta AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
21
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.01M | 37.29M | 65.74M | 57.70M | 14.40M | 69.10M |
| Gross Profit | -37.45M | 35.75M | 63.85M | -49.29M | 11.44M | 39.20M |
| EBITDA | -10.98M | -20.31M | -29.23M | -50.38M | -12.06M | -4.65M |
| Net Income | -64.58M | -71.84M | -50.63M | -60.95M | -27.61M | -31.81M |
Balance Sheet | ||||||
| Total Assets | 53.58M | 60.16M | 139.58M | 154.80M | 136.09M | 406.89M |
| Cash, Cash Equivalents and Short-Term Investments | 3.70M | 2.79M | 19.81M | 22.32M | 110.98M | 302.90M |
| Total Debt | 0.00 | 4.00M | 5.87M | 9.73M | 2.72M | 7.73M |
| Total Liabilities | 26.85M | 35.39M | 54.49M | 71.45M | 11.16M | 38.02M |
| Stockholders Equity | 26.73M | 24.77M | 85.09M | 83.34M | 124.93M | 370.07M |
Cash Flow | ||||||
| Free Cash Flow | -23.01M | -32.66M | -49.96M | -55.80M | -51.66M | -8.69M |
| Operating Cash Flow | -21.04M | -28.90M | -39.55M | -44.81M | -44.06M | -413.00K |
| Investing Cash Flow | -2.45M | -3.78M | -10.20M | 33.62M | 159.41M | 375.96M |
| Financing Cash Flow | 9.28M | 15.72M | 47.24M | 25.04M | -316.89M | -112.79M |
Speqta AB Technical Analysis
Negative
0.54
Price Trends
0.39
Negative
0.43
Negative
0.43
Negative
Market Momentum
-0.02
Positive
35.49
Neutral
16.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BRIGHT, the sentiment is Negative. The current price of 0.54 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.39, and above the 200-day MA of 0.43, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.49 is Neutral, neither overbought nor oversold. The STOCH value of 16.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BRIGHT.
Speqta AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr6.43B | 16.08 | 39.32% | 1.40% | -13.85% | -26.51% | |
65 Neutral | kr407.68M | 14.30 | 9.27% | 8.74% | 1.90% | -60.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | kr6.00B | 57.52 | 8.74% | ― | 25.22% | ― | |
58 Neutral | kr374.36M | -24.23 | -4.06% | 1.85% | 2.62% | -235.03% | |
47 Neutral | kr233.68M | -1.94 | -11.22% | ― | 17.70% | 85.68% | |
41 Neutral | kr36.86M | -0.33 | -166.91% | 45.11% | -30.85% | 6.07% |
* Communication Services Sector Average
SE:BRIGHT
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.