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Anoto Group AB (SE:INQ)
:INQ
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Anoto Group AB (INQ) AI Stock Analysis

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SE:INQ

Anoto Group AB

(INQ)

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Neutral 47 (OpenAI - Gpt-5.6Sol)
Rating:47Neutral
Price Target:
kr0.18
▲(262.00% Upside)
Action:Reiterated
Date:09/07/26
The score is primarily constrained by weak financial performance (large losses, negative equity, and continued cash burn), which outweighs the recent improvement in revenue and gross margin. Technicals are supportive due to a strong uptrend, but overbought readings add near-term risk. Valuation is also pressured because the company is loss-making (negative P/E) with no dividend yield provided.
Positive Factors
Revenue Rebound
The return to revenue growth indicates improving commercial traction after prior declines. If sustained, a larger revenue base can support operating leverage, strengthen customer relevance, and provide a foundation for rebuilding the company’s earnings profile over the coming quarters.
Negative Factors
Persistent Severe Losses
The scale of losses shows that improved revenue and gross margin have not yet translated into a sustainable earnings model. Persistent operating deficits can consume resources, limit reinvestment, and require substantial restructuring or continued external financing before the business becomes self-supporting.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The return to revenue growth indicates improving commercial traction after prior declines. If sustained, a larger revenue base can support operating leverage, strengthen customer relevance, and provide a foundation for rebuilding the company’s earnings profile over the coming quarters.
Read all positive factors

Anoto Group AB (INQ) vs. iShares MSCI Sweden ETF (EWD)

Anoto Group AB Business Overview & Revenue Model

Company Description
Anoto Group AB (publ) provides digital writing and drawing solutions worldwide. It operates through three segments: Enterprise Solutions (B2B), Retail(B2C), and OEM. The company offers ACE, a cloud-based forms system that provide paper document ha...
How the Company Makes Money
Anoto makes money primarily by commercializing its handwriting digitization technology through a mix of technology licensing and product- and solution-related sales tied to its intellectual property and platform. Key revenue streams have historica...

Anoto Group AB Financial Statement Overview

Summary
Despite a TTM revenue rebound (+11.3%) and materially improved gross margin (~46.6%), the company remains financially distressed: EBIT and net income are deeply negative (TTM net margin around -355%), shareholder equity is negative (~-41.1m) with sizable debt (~56.4m), and operating/free cash flow are still negative (OCF ~-11.3m; FCF ~-19.2m). These factors imply elevated funding/refinancing/dilution risk until profitability and cash flow improve.
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
16
Very Negative
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Anoto Group AB Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.15
Positive
100DMA
0.13
Positive
200DMA
0.09
Positive
Market Momentum
MACD
0.01
Positive
RSI
55.84
Neutral
STOCH
30.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INQ, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.15, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 55.84 is Neutral, neither overbought nor oversold. The STOCH value of 30.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:INQ.

Anoto Group AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
kr495.90M-25.5021.86%74.32%
50
Neutral
kr27.58M-16.29-351.08%-13.56%96.77%
47
Neutral
kr197.32M-1.73646.94%17.82%52.11%
45
Neutral
kr155.48M-2.16-18.04%-19.38%-78.61%
45
Neutral
kr251.46M-0.79-72.84%-31.53%-1626.52%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:INQ
Anoto Group AB
0.18
0.13
217.24%
SE:PREC
Precise Biometrics AB
0.58
-1.75
-74.99%
SE:TOBII
Tobii AB
1.04
-2.72
-72.45%
SE:XMR
XMReality AB
0.02
<0.01
69.23%
SE:ONEF
Oneflow AB
17.85
-10.65
-37.37%
SE:QSYS
Qualisys Holding AB
50.50
-4.98
-8.97%
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 07, 2026