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Irisity AB
(IRIS)
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Rating:46Neutral
Price Target:
kr0.30
▲(50.00% 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
Scalable AI software model
Irisity’s software can analyze existing camera infrastructure, allowing customers to add analytics without replacing the underlying systems. License, subscription and support arrangements also create multiple monetization routes, while channel partners and integrators can extend distribution.
Negative Factors
Persistent unprofitability
Deep and recurring losses indicate that Irisity has not yet converted its software offering and revenue base into sustainable earnings. Continued negative EBIT and net income can constrain reinvestment, weaken resilience and require further external funding if profitability does not improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Scalable AI software model
Irisity’s software can analyze existing camera infrastructure, allowing customers to add analytics without replacing the underlying systems. License, subscription and support arrangements also create multiple monetization routes, while channel partners and integrators can extend distribution.
Read all positive factors
Irisity AB (IRIS) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr108.34M
Dividend YieldN/A
Average Volume (3M)1.18M
Price to Earnings (P/E)―
Beta (1Y)0.14
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. Volume3,256,185
30 Day Avg. Volume1,179,369
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 Technical Analysis
Positive
0.20
Price Trends
0.24
Positive
0.26
Positive
0.20
Positive
Market Momentum
0.03
Negative
55.45
Neutral
33.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:IRIS, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.24, and above the 200-day MA of 0.20, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 55.45 is Neutral, neither overbought nor oversold. The STOCH value of 33.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:IRIS.
Irisity AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr4.85B | 28.87 | 10.25% | 0.98% | 10.48% | 22.01% | |
68 Neutral | kr595.12M | 18.28 | ― | ― | 2.76% | 92.66% | |
66 Neutral | kr470.19M | 12.95 | 13.17% | ― | 8.40% | 495.11% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr1.07B | -76.29 | -2.24% | ― | -14.51% | -1025.00% | |
53 Neutral | kr754.94M | -238.46 | ― | 0.63% | -9.23% | -111.03% | |
46 Neutral | kr108.34M | -0.51 | -57.59% | ― | 26.40% | 70.20% |
* Industrials Sector Average
SE:IRIS
Irisity AB
0.31
0.11
59.37%
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46.92%
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49.90
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1.32%
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.