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Irisity AB
(IRIS)
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Rating:46Neutral
Price Target:
kr0.37
▲(85.50% Upside)
Action:Reiterated
Date:08/29/26
The score is held down primarily by weak financial performance (persistent large losses and ongoing negative free cash flow), with limited offset from a relatively low-leverage balance sheet. Technicals are supportive in the short term (price above key moving averages and positive MACD), but the very high RSI suggests the move may be overextended. Valuation provides little support given the negative P/E and lack of dividend yield.
Positive Factors
Revenue Growth
The reported revenue-growth rate indicates renewed commercial traction for Irisity’s AI video analytics. Sustained customer adoption would improve operating leverage and provide a broader base from which the company can pursue eventual profitability.
Negative Factors
Persistent Unprofitability
Deep and persistent losses show that revenue growth has not yet translated into a viable earnings model. Continued negative margins constrain reinvestment capacity and increase dependence on future cost reductions, growth or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The reported revenue-growth rate indicates renewed commercial traction for Irisity’s AI video analytics. Sustained customer adoption would improve operating leverage and provide a broader base from which the company can pursue eventual profitability.
Read all positive factors
Irisity AB (IRIS) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr134.85M
Dividend YieldN/A
Average Volume (3M)1.13M
Price to Earnings (P/E)―
Beta (1Y)0.07
Revenue Growth26.40%
EPS Growth70.20%
CountrySE
Employees53
SectorIndustrials
Sector Strength72
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.60
Shares Outstanding384,201,930
10 Day Avg. Volume3,075,046
30 Day Avg. Volume1,126,169
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.08
Price to Sales (P/S)0.25
P/FCF Ratio-0.39
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)-0.59
Revenue Forecast (FY)kr99.40M
Irisity AB Business Overview & Revenue Model
Company Description
Irisity AB (publ) is a Swedish company specializing in AI-powered video analytics solutions, operating both domestically and internationally. Through its IRIS platform, offered as Security-as-a-Service (SaaS), it delivers advanced AI video analyti...
How the Company Makes Money
Irisity makes money primarily by selling and licensing its AI video analytics software to customers and partners that deploy the technology on existing camera infrastructure. Revenue is typically generated through software license and/or subscript...
Irisity AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 95.81M | 86.06M | 103.94M | 117.60M | 87.68M | 77.29M |
| Gross Profit | 34.26M | 89.11M | 106.59M | 129.13M | 94.79M | 70.97M |
| EBITDA | -19.77M | -46.81M | -92.48M | -89.84M | -94.64M | -10.94M |
| Net Income | -168.87M | -185.32M | -216.07M | -132.53M | -136.93M | -23.93M |
Balance Sheet | ||||||
| Total Assets | 357.47M | 398.46M | 738.23M | 760.19M | 863.39M | 898.89M |
| Cash, Cash Equivalents and Short-Term Investments | 3.44M | 2.99M | 7.55M | 13.64M | 17.58M | 71.34M |
| Total Debt | 30.89M | 18.67M | 12.65M | 23.28M | 15.00M | 1.17M |
| Total Liabilities | 125.82M | 114.62M | 117.20M | 128.54M | 124.31M | 136.85M |
| Stockholders Equity | 231.65M | 283.84M | 621.02M | 631.65M | 739.07M | 762.04M |
Cash Flow | ||||||
| Free Cash Flow | -23.45M | -55.35M | -59.87M | -69.65M | -68.28M | -43.25M |
| Operating Cash Flow | -22.23M | -40.21M | -59.87M | -42.71M | -41.96M | -27.44M |
| Investing Cash Flow | -17.26M | -15.13M | -33.96M | -26.94M | -26.33M | -90.16M |
| Financing Cash Flow | 35.97M | 50.44M | 87.75M | 63.16M | 13.77M | 123.79M |
Irisity AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr4.97B | 28.87 | 10.25% | 0.98% | 10.48% | 22.01% | |
68 Neutral | kr616.51M | 17.62 | ― | ― | 2.76% | 92.66% | |
66 Neutral | kr483.37M | 13.57 | 13.17% | ― | 8.40% | 495.11% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr1.18B | -76.64 | -2.24% | ― | -14.51% | -1025.00% | |
53 Neutral | kr747.59M | -226.92 | ― | 0.63% | -9.23% | -111.03% | |
46 Neutral | kr134.85M | -0.52 | -57.59% | ― | 26.40% | 70.20% |
* Industrials Sector Average
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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.