Zaplox AB (ZAPLOX) AI Stock Analysis

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Zaplox AB

(Nasdaq OMX AB:ZAPLOX)

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Rating:39.4Underperform

Price Target:SEK 0.92▼(-9.90% Downside)

Action:reiterated

Date:10/28/26

The score is primarily constrained by persistent cash burn, ongoing losses, weak margins, and a fragile equity base. Mixed technical signals and loss-based valuation provide little offset, resulting in a very weak overall stock profile.

Positive Factors

Debt-free balance sheetZero reported debt reduces interest expense and refinancing exposure, giving Zaplox greater flexibility to manage its ongoing losses. This provides a stronger financial foundation than leveraged peers and leaves more strategic room for product investment or cost reductions over the next several quarters.

Negative Factors

Negative gross marginNegative gross margin is a fundamental weakness because revenue currently does not cover the direct cost of delivering the offering. Until pricing, customer mix or the cost structure improves, higher sales could fail to translate into durable profitability and may prolong dependence on financing.

Zaplox AB (ZAPLOX) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 36.74M
Dividend Yield: ―
Average Volume (3M): 15.51K
Price to Earnings (P/E): -33.6
Beta (1Y): -0.02
Revenue Growth: -8.48%
EPS Growth: 94.22%
Country: Sweden
Employees: 6
Sector: Technology
Sector Strength: 61
Industry: Software - Application

Zaplox AB Business Overview & Revenue Model

Company Description

Headquartered in Lund, Sweden, Zaplox AB, founded in 2010, provides cutting-edge mobile key solutions to the worldwide hospitality sector. Their diverse product range includes Zaplox Traveler, a community application that enables mobile check-in/chec...

Zaplox AB Financial Statement Overview

Summary

Financial performance is very weak: operating and free cash flow remain negative, the company is still loss-making with weak gross margins, and equity remains thin despite having essentially no financial debt. Recent loss reduction provides limited support.

Income Statement

26Negative

Balance Sheet

32Negative

Cash Flow

21Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	18.05M	19.21M	18.82M	15.27M	5.18M	2.99M
Gross Profit	-3.00M	-7.64M	-3.49M	-5.90M	-17.10M	3.74M
EBITDA	59.50K	-8.63M	-15.16M	-20.46M	-32.66M	-38.32M
Net Income	-960.00K	-10.54M	-17.25M	-20.52M	-32.79M	-38.61M
Balance Sheet
Total Assets	7.60M	5.41M	19.31M	17.43M	20.21M	32.14M
Cash, Cash Equivalents and Short-Term Investments	1.24M	884.00K	10.72M	6.78M	11.37M	21.76M
Total Debt	0	0	0	0	0	1.07M
Total Liabilities	6.75M	5.89M	8.88M	10.93M	10.84M	10.68M
Stockholders Equity	850.00K	-474.00K	10.43M	6.50M	9.37M	21.46M
Cash Flow
Free Cash Flow	-2.55M	-9.48M	-17.25M	-22.25M	-31.02M	-32.22M
Operating Cash Flow	-2.55M	-9.48M	-17.25M	-22.21M	-31.02M	-31.44M
Investing Cash Flow	0	0	0	-32.00K	0	-781.00K
Financing Cash Flow	640.00K	0	21.01M	17.74M	20.50M	48.59M

Zaplox AB Technical Analysis

Technical Analysis SentimentPositive

Last Price1.02

Price Trends

50DMA1.06Negative

100DMA1.03Negative

200DMA0.98Positive

Market Momentum

MACD-0.01Negative

RSI53.22Neutral

STOCH95.81Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ZAPLOX, the sentiment is Positive. The current price of 1.02 is above the 20-day moving average (MA) of 0.92, below the 50-day MA of 1.06, and above the 200-day MA of 0.98, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 53.22 is Neutral, neither overbought nor oversold. The STOCH value of 95.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ZAPLOX.

Zaplox AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:ZAPLOX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SE:FLOWS	61Neutral	SEK 63.08M	18.21	―	―	0.62%	226.67%
SE:LOYAL	55Neutral	SEK 83.60M	31.99	―	―	41.33%	―
SE:CHECK	47Neutral	SEK 80.93M	-0.58	-132.88%	―	-16.77%	-461.42%
SE:PREC	42Neutral	SEK 140.90M	-1.91	-18.04%	―	-19.38%	-78.61%
SE:ZAPLOX	39Underperform	SEK 36.74M	-33.58	-853.33%	―	-8.48%	94.22%

* Technology Sector Average

Performance Comparison

SE:ZAPLOX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:ZAPLOX	Zaplox AB	1.02	0.12	13.59%
SE:PREC	Precise Biometrics AB	0.52	-1.82	-77.89%
SE:CHECK	Checkin.com Group AB	2.44	-2.74	-52.90%
SE:LOYAL	Loyal Solutions A/S	8.80	6.00	214.29%
SE:FLOWS	Flowscape Technology AB	3.22	0.21	6.98%

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: Oct 28, 2026

Zaplox AB AI Stock Analysis