Flexion Mobile (FLEXM) AI Stock Analysis

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Flexion Mobile

(Nasdaq OMX AB:FLEXM)

Select Model

Rating:58Neutral

Price Target:SEK 3.00▲(3.45% 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

Strong Revenue GrowthTTM revenue growth of 47.1% indicates strong expansion in the company’s distribution and monetization activity. If sustained, this scale can broaden developer and publisher reach, support operating leverage, and strengthen Flexion’s position across alternative Android channels.

Negative Factors

Deep Net LossesThe substantial net loss shows that strong revenue growth has not yet translated into durable bottom-line profitability. Continued losses can consume shareholder value, restrict internally funded investment, and make future earnings power dependent on a successful improvement in operating economics.

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

Market Cap: SEK 167.77M
Dividend Yield: ―
Average Volume (3M): 35.79K
Price to Earnings (P/E): -1.2
Beta (1Y): 0.48
Revenue Growth: -10.22%
EPS Growth: -431.03%
Country: Sweden
Employees: 113
Sector: General
Sector Strength: 55
Industry: Specialty Retail

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 and...

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

34Negative

Balance Sheet

62Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	72.92M	75.47M	76.75M	70.02M	68.53M	34.67M
Gross Profit	6.00M	7.18M	13.90M	12.50M	11.07M	4.50M
EBITDA	2.65M	-12.14M	2.31M	6.36M	4.24M	805.14K
Net Income	-19.45M	-13.24M	-2.73M	2.39M	350.20K	715.04K
Balance Sheet
Total Assets	24.71M	29.22M	42.29M	49.29M	47.56M	27.90M
Cash, Cash Equivalents and Short-Term Investments	14.55M	14.13M	13.11M	11.08M	13.80M	14.50M
Total Debt	385.85K	204.13K	338.14K	246.60K	51.70K	65.86K
Total Liabilities	17.80M	21.99M	22.16M	26.83M	29.50M	14.78M
Stockholders Equity	6.91M	7.02M	20.13M	22.46M	18.06M	13.12M
Cash Flow
Free Cash Flow	11.73M	1.63M	4.04M	-1.84M	6.07M	6.90M
Operating Cash Flow	11.73M	1.64M	4.05M	1.34M	6.08M	6.90M
Investing Cash Flow	2,641	-21.80K	-1.52M	-3.70M	-9.49M	-6.98M
Financing Cash Flow	-556.44K	-158.45K	-134.24K	-43.80K	2.24M	7,901

Flexion Mobile Technical Analysis

Technical Analysis SentimentNeutral

Last Price2.90

Price Trends

50DMA2.91Negative

100DMA2.96Negative

200DMA2.88Positive

Market Momentum

MACD-0.00Negative

RSI51.19Neutral

STOCH86.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FLEXM, the sentiment is Neutral. The current price of 2.90 is above the 20-day moving average (MA) of 2.85, below the 50-day MA of 2.91, and above the 200-day MA of 2.88, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 51.19 is Neutral, neither overbought nor oversold. The STOCH value of 86.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:FLEXM.

Flexion Mobile Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:FLEXM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:BOKUS	70Outperform	SEK 1.23B	14.15	―	5.00%	4.48%	34.85%
SE:APOTEA	65Neutral	SEK 11.06B	41.01	―	0.59%	10.25%	-1.52%
SE:FLEXM	58Neutral	SEK 166.63M	-1.17	―	―	-10.22%	-431.03%
SE:BBROOM	58Neutral	SEK 148.18M	51.39	―	―	―	―
SE:CDON	58Neutral	SEK 511.19M	-6.29	―	―	7.12%	8.47%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:OBAB	52Neutral	SEK 575.81M	510.00	―	―	34.11%	―

* General Sector Average

Performance Comparison

SE:FLEXM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:FLEXM	Flexion Mobile Plc	2.90	0.60	26.09%
SE:APOTEA	Apotea AB	101.70	13.59	15.43%
SE:BOKUS	Bokusgruppen AB	76.00	5.90	8.42%
SE:CDON	CDON AB	44.60	-24.40	-35.36%
SE:OBAB	Online Brands Nordic AB	20.40	7.55	58.75%
SE:BBROOM	New Bubbleroom Sweden AB	9.25	4.79	107.40%

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

Flexion Mobile AI Stock Analysis