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Image Systems AB (IS) AI Stock Analysis

2 Followers
SE:IS

Image Systems AB

(Nasdaq OMX AB:IS)

Select Model
Rating:50Neutral
Price Target:SEK 0.85â–²(26.87% Upside)
Action:reiterated
Date:11/13/26

The overall score is constrained by a very weak financial foundation, marked by deep losses and significant cash burn, which poses a risk to the company's viability. This is partially offset by strong bullish momentum in the stock's recent price action, though technical indicators also warn of overbought conditions. The negative valuation due to unprofitability further weighs on the score.

Positive Factors
Specialized imaging solutionsThe company serves specialized professional imaging and inspection applications where image quality and processing capability are central to customer workflows. This positioning can support differentiated products, technical know-how, and durable relevance beyond consumer-facing electronics cycles.
Negative Factors
Revenue and profitability deteriorationFalling revenue combined with deeply negative net and EBIT margins indicates that the current operating model is not converting sales into sustainable earnings. Continued weakness would reduce internal funding capacity, pressure strategic flexibility, and make recovery dependent on improved demand and execution.

Image Systems AB (IS) vs. iShares MSCI Sweden ETF (EWD)

-60%-40%-20%0%20%SE:IS-44.12%EWD+15.64%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
SEK 83.68M
Dividend Yield
―
Average Volume (3M)
157.09K
Price to Earnings (P/E)
-1.6
Beta (1Y)
0.63
Revenue Growth
-36.37%
EPS Growth
-331.04%
Country
Sweden
Employees
74
Sector
Technology
Sector Strength
61
Industry
Consumer Electronics

Image Systems AB Business Overview & Revenue Model

Company Description

Image Systems AB, established in Linköping, Sweden, in 1983, operates as a global provider of sophisticated non-contact measurement solutions and integrated systems. The company specializes in motion analysis, processing imagery captured by high-spee...

How the Company Makes Money

Image Systems makes money by selling and supporting professional imaging and projection solutions. Its revenue is primarily generated from (1) product sales of specialized hardware and software used in industrial imaging/visual inspection workflows (...

Image Systems AB Financial Statement Overview

Summary

Financial performance is critically weak. The company is deeply unprofitable with a TTM net margin of -21.3%, and revenue is contracting. Cash flow is a major concern, with significant negative operating and free cash flow indicating a cash burn that is eroding the balance sheet, where leverage is rapidly increasing.

Income Statement

18Very Negative

Balance Sheet

42Neutral

Cash Flow

15Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue187.00M168.50M184.90M160.70M171.10M152.20M
Gross Profit68.30M-2.00M141.10M122.80M123.80M109.70M
EBITDA-11.50M9.10M26.80M15.50M28.40M19.40M
Net Income-39.80M-14.60M8.60M-6.80M8.60M100.00K
Balance Sheet
Total Assets214.00M189.50M225.90M183.00M194.70M196.30M
Cash, Cash Equivalents and Short-Term Investments22.50M8.90M12.70M6.60M22.50M7.10M
Total Debt44.20M11.80M19.50M14.60M18.80M24.90M
Total Liabilities113.50M79.80M101.30M67.00M71.80M82.30M
Stockholders Equity100.50M109.70M124.60M116.00M122.90M114.00M
Cash Flow
Free Cash Flow-27.20M4.30M13.80M-9.70M22.50M9.50M
Operating Cash Flow-14.90M22.30M39.20M1.70M32.30M17.60M
Investing Cash Flow-18.20M-18.00M-25.40M-11.40M-9.80M-8.10M
Financing Cash Flow45.50M-8.10M-7.70M-6.20M-7.10M-6.20M

Image Systems AB Technical Analysis

Technical Analysis SentimentPositive
Last Price0.67

Price Trends

50DMA0.59Positive
100DMA0.67Positive
200DMA0.76Negative

Market Momentum

MACD0.04Negative
RSI54.58Neutral
STOCH61.71Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:IS, the sentiment is Positive. The current price of 0.67 is above the 20-day moving average (MA) of 0.60, above the 50-day MA of 0.59, and below the 200-day MA of 0.76, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 54.58 is Neutral, neither overbought nor oversold. The STOCH value of 61.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:IS.

Image Systems AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

SE:IS against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:TAGM.BSE:TAGM.B73OutperformSEK 435.03M11.2913.47%―1.82%81.56%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
SE:ISSE:IS50NeutralSEK 83.68M-1.57-40.42%―-36.37%-331.04%
SE:ACCONSE:ACCON44NeutralSEK 790.35M-20.86-14.10%―57.78%-44.95%
SE:TOBIISE:TOBII42NeutralSEK 151.82M-0.31-163.73%―-29.55%-4399.57%
SE:BLINC.BSE:BLINC.B42NeutralSEK 209.60M-4.11-98.57%――45.88%

* Technology Sector Average

Performance Comparison

0%100%SE:ISSE:TOBIISE:TAGM.BSE:BLINC.BSE:SE0022240115SE:ACCONDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
SE:IS and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:ISImage Systems AB0.67-0.53-44.12%
SE:TOBIITobii AB0.65-0.84-56.50%
SE:TAGM.BTagMaster AB Class B29.7014.2091.61%
SE:BLINC.BTerranet AB Class B0.090.0112.66%
SE:SE0022240115JonDeTech Sensors AB0.15-0.53-78.11%
SE:ACCONAcconeer AB10.38-0.44-4.07%

Image Systems AB Corporate Events

Image Systems’ Motion Analysis Receives Approximately SEK 2.9 Million Order

Nov 10, 2026

Image Systems’ Motion Analysis business unit has received an order from a major European defence organisation valued at approximately SEK 2.9 million. The order covers a software subscription to the unit’s products for a 60-month contract term commen...

Image Systems’ RemaSawco Wins SEK 9.7 Million Sawmill Order

Nov 6, 2026

Image Systems is a Swedish technology company specializing in high-tech image-processing products and services. Through RemaSawco and Motion Analysis, it serves diverse global industries, including sawmills and other industrial customers.RemaSawco ha...

Image Systems Secures MSEK 1.5 Defence Order

Nov 5, 2026

Image Systems is a Swedish high-tech image-processing company serving global industries through its RemaSawco and Motion Analysis business areas. It provides high-resolution imaging products and services, with Motion Analysis focused on advanced moti...

Image Systems AB Sets Nomination Committee and Timelines Ahead of 2027 AGM

Oct 27, 2026

Image Systems AB has appointed its Nomination Committee for the 2027 Annual General Meeting, following principles adopted at the 2024 meeting, with representatives from major shareholders and board chair Anders Fransson convening the group. The commi...

Image Systems Bolsters Liquidity Amid Weak Sawmill Market as Motion Analysis Grows

Oct 23, 2026

Image Systems AB reported a weak third quarter of 2026 as cautious customer investment and slow decision cycles, particularly in the sawmill segment RemaSawco, drove net sales down to MSEK 25.5 from 41.4 and turned EBITDA slightly negative. Group pro...

Image Systems Boosts Share Capital Through Rights Issue

Sep 30, 2026

Image Systems AB has expanded its share capital following a rights issue approved during the summer of 2026, increasing the number of shares and votes by 35,683,127. As of 30 September 2026, the company’s total shares and votes now amount to 124,890,...

Image Systems’ RemaSawco Wins Nordic Sawmill Order for Saw Line Control System

Sep 28, 2026

Image Systems’ RemaSawco unit has secured an order worth just under SEK 1.5 million from a Nordic sawmill for the delivery and installation of a new saw line control system, complemented by a service level agreement. Delivery, installation, and commi...

Image Systems Wins Three-Year Motion Analysis Deal with European Defense Client

Sep 23, 2026

Image Systems’ Motion Analysis business unit has secured a software subscription order worth about SEK 1 million from a major European defense organization, with a 36‑month contract starting in September 2026. The deal underscores sustained demand fo...

Image Systems finalizes rights issue and sets date to convert BTAs

Sep 14, 2026

Image Systems AB has completed registration of its previously announced rights issue with the Swedish Companies Registration Office, paving the way for paid subscribed shares to be converted into ordinary shares later in September. The move strengthe...

Image Systems’ Motion Analysis Unit Wins SEK 3 Million U.S. Defense Renewal

Sep 11, 2026

Image Systems’ Motion Analysis business unit has secured a renewal order worth approximately SEK 3 million from a U.S. defense customer for continued use of its motion analysis software and support services. The one-year license agreement, effective...

Image Systems’ Oversubscribed Rights Issue Raises SEK 21.4 Million

Sep 7, 2026

Image Systems AB has successfully completed a new share issue with preferential rights for existing shareholders, with demand far exceeding the offer size. Subscriptions with and without rights together reached about 122 percent of the shares availab...

Image Systems launches fully secured SEK 21.4m rights issue

Aug 21, 2026

Image Systems AB has launched a fully secured rights issue of approximately SEK 21.4 million, giving existing shareholders preferential rights to subscribe for new shares at SEK 0.60 each. The subscription period runs from 21 August to 4 September 20...

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: Nov 13, 2026