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Flexion Mobile Plc (SE:FLEXM)
:FLEXM
Sweden Market
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Flexion Mobile (FLEXM) AI Stock Analysis

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SE:FLEXM

Flexion Mobile

(FLEXM)

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Neutral 58 (OpenAI - Gpt-5.6Sol)
Rating:58Neutral
Price Target:
kr3.50
▲(29.63% Upside)
Action:Reiterated
Date:09/26/26
The score is primarily held back by weak profitability (large net losses and thin/deteriorating gross margin) despite strong revenue growth and positive free cash flow. Technicals are supportive with the price above major moving averages and a positive MACD, but valuation remains challenging due to negative earnings and no dividend data.
Positive Factors
Revenue Growth
Strong top-line growth indicates expanding distribution activity and increasing demand for Flexion’s alternative app-store services. If sustained, this scale can improve operating leverage, strengthen relationships with publishers and platforms, and support greater future earnings potential.
Negative Factors
Persistent Net Losses
The substantial bottom-line loss shows that revenue growth has not yet translated into durable shareholder earnings. Continued net losses can consume equity, restrict investment capacity and require management to improve monetization, cost control and operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong top-line growth indicates expanding distribution activity and increasing demand for Flexion’s alternative app-store services. If sustained, this scale can improve operating leverage, strengthen relationships with publishers and platforms, and support greater future earnings potential.
Read all positive factors

Flexion Mobile (FLEXM) vs. iShares MSCI Sweden ETF (EWD)

Flexion Mobile Business Overview & Revenue Model

Company Description
Flexion Mobile Plc operates game distribution platform for game developers worldwide. The company engages in game marketing and distribution business. It also markets mobile games in the Android market. Flexion Mobile Plc was incorporated in 2001 ...
How the Company Makes Money
Flexion Mobile makes money primarily by enabling and managing the distribution of mobile games across alternative Android app stores and then taking a share of the revenue those games generate on those platforms. In practice, Flexion acts as a dis...

Flexion Mobile Financial Statement Overview

Summary
Mixed fundamentals: strong TTM revenue growth (+47.1%) and improved EBIT/EBITDA margins, plus solid positive operating and free cash flow (~11.7M). However, the company is still deeply unprofitable (TTM net margin ~-26.7%), gross margin is thin (~8.2%) and weaker than 2024, and losses are eroding equity (TTM ROE ~-31%) despite low leverage.
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
68
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue72.92M75.47M76.75M70.02M68.53M34.67M
Gross Profit6.00M7.18M13.90M12.50M11.07M4.50M
EBITDA2.65M-12.14M1.88M6.36M4.24M805.14K
Net Income-19.45M-13.24M-2.73M2.39M350.20K715.04K
Balance Sheet
Total Assets24.71M29.22M42.29M49.29M47.56M27.90M
Cash, Cash Equivalents and Short-Term Investments14.55M14.13M13.11M11.08M13.80M14.50M
Total Debt385.85K204.13K338.14K246.60K51.70K65.86K
Total Liabilities17.80M21.99M22.16M26.83M29.50M14.78M
Stockholders Equity6.91M7.02M20.13M22.46M18.06M13.12M
Cash Flow
Free Cash Flow11.73M1.63M4.04M-1.84M6.07M6.90M
Operating Cash Flow11.73M1.64M4.05M1.34M6.08M6.90M
Investing Cash Flow2.64K-21.80K-1.52M-3.70M-9.49M-6.98M
Financing Cash Flow-556.44K-158.45K-134.24K-43.80K2.24M7.90K

Flexion Mobile Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.70
Price Trends
50DMA
3.07
Positive
100DMA
2.98
Positive
200DMA
2.85
Positive
Market Momentum
MACD
0.02
Negative
RSI
62.95
Neutral
STOCH
48.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FLEXM, the sentiment is Positive. The current price of 2.7 is below the 20-day moving average (MA) of 2.98, below the 50-day MA of 3.07, and below the 200-day MA of 2.85, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 62.95 is Neutral, neither overbought nor oversold. The STOCH value of 48.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FLEXM.

Flexion Mobile Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
kr1.14B13.11―5.43%3.43%69.60%
66
Neutral
kr8.71B35.47―0.72%9.35%-91.93%
60
Neutral
kr513.76M-71.37―29.79%31.66%68.15%
58
Neutral
kr184.83M-0.72――-10.22%-431.03%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
51
Neutral
kr151.57M-8.33――――
49
Neutral
kr497.68M-7.74――7.99%33.84%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:FLEXM
Flexion Mobile
3.25
-1.19
-26.80%
SE:APOTEA
Apotea AB
83.70
-5.30
-5.96%
SE:BOKUS
Bokusgruppen AB
70.00
4.80
7.35%
SE:CDON
CDON AB
44.20
-27.80
-38.61%
SE:OBAB
Online Brands Nordic AB
17.80
3.80
27.14%
SE:BBROOM
New Bubbleroom Sweden AB
9.75
4.77
95.78%
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.Date of analysis: Sep 26, 2026