Company DescriptionCyber Security 1 AB (publ), a cyber security company, provides cyber services and software solutions in Africa, the Middle East, Europe, and the United Arab Emirates. It operates through three segments: Distribution; Advisory Services; and MSSP/ Managed Services. The company also offers security, risk, and compliance solutions for payment, communication, network, and e-commerce security. In addition, it provides system security, GRC solutions, incident response, and forensics initial license and periodic maintenance agreements covering product updates and customer support; and professional advisory services, which includes legal compliance, installation, and integration of various cyber security system components. Further, the company offers MSSP/Managed services, such as data, network, and gateway securities; and managed compliance and SIEM services, incident response, and business continuity and cyber forensics. It serves public and private sector organizations, including financial, government, healthcare, retail, insurance, manufacturing, and hospitality. The company was formerly known as Cognosec AB (publ) and changed its name to Cyber Security 1 AB (publ) in July 2018. Cyber Security 1 AB (publ) was incorporated in 1970 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Cyber Security 1 AB Financial Statement Overview

Summary

Cyber Security 1 AB faces significant financial challenges, with declining revenues, negative profitability, and poor cash flow generation. The negative equity position and reliance on debt financing further add to the risk profile.

Income Statement

Negative

The income statement shows declining revenue from 2023 to 2024 and negative net income, indicating challenges in generating profit. Gross profit margin decreased over the period, and EBIT margin turned negative, which points to operational inefficiencies. Revenue growth has been inconsistent, with recent declines after a previous increase in 2023.

Balance Sheet

Very Negative

The balance sheet reveals a negative stockholders' equity in 2024, suggesting financial distress. The debt-to-equity ratio is uncalculable due to negative equity, but there is a high level of debt compared to assets, which could pose a risk. The equity ratio has turned negative, indicating insolvency.

Cash Flow

Negative

Cash flow statements show negative free cash flow and operating cash flow, highlighting liquidity issues. The company has struggled to generate positive cash flow from operations, and free cash flow has not shown significant improvement, indicating cash constraints. Financing activities have been positive, suggesting reliance on external funding.

TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
56.39M	50.06M	52.91M	46.83M	37.22M	27.36M
	Gross Profit
12.22M	10.35M	12.11M	9.31M	10.09M	7.52M
	EBIT
166.00K	-3.19M	211.00K	-3.64M	4.50M	-4.77M
	EBITDA
576.00K	-1.35M	228.00K	-3.00M	4.70M	-13.30M
	Net Income Common Stockholders
-778.00K	-3.87M	-2.78M	-3.17M	4.34M	-22.96M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
-733.10K	25.00K	728.00K	747.00K	872.00K	-733.10K
	Total Assets
22.10M	23.09M	27.06M	32.66M	28.06M	22.10M
	Total Debt
281.40K	7.06M	6.22M	10.96M	5.66M	281.40K
	Net Debt
1.01M	7.03M	5.49M	10.21M	4.79M	1.01M
	Total Liabilities
21.89M	25.63M	25.39M	28.51M	20.26M	21.89M
	Stockholders Equity
46.50K	-1.99M	1.94M	4.60M	7.61M	46.50K
Cash Flow		Free Cash Flow
-853.29K	-2.23M	-340.00K	-5.34M	-1.75M	-1.97M
	Operating Cash Flow
-723.78K	-2.12M	-340.00K	-4.82M	-1.56M	-1.61M
	Investing Cash Flow
-129.51K	-114.00K	0.00	-790.00K	-1.29M	-346.90K
	Financing Cash Flow
550.07K	1.47M	192.00K	8.07M	4.64M	-1.14M

Cyber Security 1 AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7CS		€3.64M	―		―	―	―
Sector *	62 Neutral	$11.81B	10.34	-7.44%	2.91%	7.41%	-7.93%
0G6X		kr1.88B	―		―	―	―
SF7		€107.21M	15.06	25.51%	5.83%	―	―
65R		€99.79M	59.38	17.99%	0.35%	―	―
KOW		€328.98M	43.93	1.97%	2.77%	―	―
PIU0		€286.38M	15.84	18.16%	1.95%	―	―

* Technology Sector Average

Performance Comparison

DE:7CS

Cyber Security 1 AB

0.01

0.00

0.00%

GB:0G6X

Clavister Holding AB

0.99

0.00

0.00%

DE:SF7

Softronic AB Class B

2.02

0.23

12.85%

DE:65R

Advenica AB

2.22

1.20

117.65%

DE:KOW

Knowit AB

11.80

-3.47

-22.72%

DE:PIU0

Proact IT Group AB

10.68

-1.99

-15.71%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.