Ensurge Micropower ASA (ENMPY) AI Stock Analysis

• Market Cap: $76.64M
• Dividend Yield: N/A
• Average Volume (3M): 592.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: -84.00%
• EPS Growth: 86.13%
• Country: US
• Employees: 37
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): >-0.01
• Shares Outstanding: 242,349,090
• 10 Day Avg. Volume: 36
• 30 Day Avg. Volume: 592
• PEG Ratio: -0.30
• Price to Book (P/B): -16.32
• Price to Sales (P/S): 928.61
• P/FCF Ratio: -4.02
• Enterprise Value/Market Cap: 1.25
• Enterprise Value/Revenue: 3.73K
• Enterprise Value/Gross Profit: -211.97
• Enterprise Value/Ebitda: -14.78
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.28 ▼(-25.26% Downside)

Overall score is constrained primarily by very weak financial performance (minimal revenue, large ongoing losses, and significant cash burn) and a leveraged balance sheet despite recent improvement in equity. Technicals add further pressure with a clear downtrend versus major moving averages and negative MACD, while valuation offers limited support due to a loss-making (negative P/E) profile and no dividend yield data.

Positive Factors

Innovative Product Offering

The focus on advanced microbattery solutions positions Ensurge to capitalize on the growing demand for energy-efficient power in IoT and medical sectors.

Revenue Model

A direct sales model to OEMs ensures stable revenue streams as these manufacturers integrate Ensurge's products into their devices, supporting long-term growth.

Industry Demand

Growing demand for energy-efficient solutions and smart devices supports Ensurge's market potential, driving sustainable revenue growth.

Negative Factors

Financial Instability

Negative equity and high leverage suggest financial instability, which could limit Ensurge's ability to invest in growth and innovation.

Cash Flow Challenges

Negative free cash flow indicates cash generation issues, potentially hindering operational flexibility and increasing reliance on external funding.

Profitability Concerns

Persistent negative profit margins highlight profitability challenges, which may affect Ensurge's long-term financial health and ability to sustain operations.

Ensurge Micropower ASA Business Overview & Revenue Model

Company Description

Ensurge Micropower ASA designs, develops, and produces ultrathin energy storage solutions for wearable devices, connected sensors, and other applications. Its solid-state lithium battery technology enables it to produce rechargeable batteries with high energy densities. The company was formerly known as Thin Film Electronics ASA and changed its name to Ensurge Micropower ASA in June 2021. Ensurge Micropower ASA was incorporated in 2005 and is headquartered in Oslo, Norway.

How the Company Makes Money

Ensurge Micropower generates revenue primarily through the sale of its advanced microbattery products to various industries, including IoT, medical, and consumer electronics. The company's revenue model is based on direct sales to manufacturers and OEMs (original equipment manufacturers) that integrate its microbatteries into their devices. Additionally, Ensurge may engage in partnerships and collaborations with technology firms to develop customized battery solutions, which can also contribute to its earnings. Factors contributing to its revenue include the increasing demand for energy-efficient power solutions, advancements in battery technology, and the growth of smart devices across multiple sectors.

Ensurge Micropower ASA Financial Statement Overview

Summary

Ensurge Micropower ASA is facing significant financial difficulties, characterized by persistent losses and negative profit margins. The balance sheet highlights high leverage and negative equity, raising concerns about long-term sustainability. While there are some improvements in cash flow, the company remains dependent on external financing. Strategic changes are necessary to achieve financial stability and growth.

Income Statement

The company displays a challenging financial trajectory with negative profit margins. Despite a slight increase in revenue in the last year, the gross profit margin remains poor due to significant losses. The net profit margin is negative, indicating ongoing losses. There is a positive revenue growth rate over the last year, but it is insufficient to offset historical losses.

Balance Sheet

The balance sheet shows financial instability with negative stockholders' equity, indicating potential solvency issues. The company is heavily leveraged, as seen in the high debt-to-equity ratio due to significant liabilities and negative equity. Return on equity is negative, highlighting the absence of profitability. The equity ratio is also unfavorable, suggesting a weak financial structure.

Cash Flow

Cash flow statements reveal ongoing cash burn with negative free cash flow, although there is a slight improvement in operating cash flows. The free cash flow to net income ratio is poor, indicating insufficient cash generation relative to net losses. Financing activities have been crucial for liquidity, but reliance on external funding poses risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.56K	61.00K	138.00K	0.00	0.00	492.00K
Gross Profit	-450.24K	61.00K	138.00K	-394.29K	-45.77K	-7.51M
EBITDA	-6.46M	-10.01M	-12.94M	-19.98M	-18.82M	-35.59M
Net Income	-8.18M	-12.92M	-16.90M	-23.37M	-31.00M	-38.79M
Balance Sheet
Total Assets	17.14M	11.40M	7.09M	8.57M	10.37M	7.73M
Cash, Cash Equivalents and Short-Term Investments	2.66M	2.47M	2.18M	3.32M	5.22M	3.92M
Total Debt	10.68M	13.36M	16.28M	18.39M	21.88M	26.20M
Total Liabilities	12.92M	14.87M	19.39M	24.82M	23.86M	54.59M
Stockholders Equity	4.22M	-3.47M	-12.30M	-16.25M	-13.48M	-46.87M
Cash Flow
Free Cash Flow	-14.76M	-14.07M	-12.97M	-16.97M	-16.39M	-12.22M
Operating Cash Flow	-4.99M	-9.49M	-12.73M	-16.41M	-14.55M	-11.89M
Investing Cash Flow	-9.59M	-4.43M	-168.00K	-486.00K	-1.84M	-310.00K
Financing Cash Flow	9.30M	14.21M	11.72M	15.01M	17.45M	9.11M

Ensurge Micropower ASA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENMPY, the sentiment is Negative. The current price of 0.38 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.37, and below the 200-day MA of 0.46, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.32 is Neutral, neither overbought nor oversold. The STOCH value of 66.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ENMPY.

Ensurge Micropower ASA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CPSH	60 Neutral	$67.60M	-110.34	-3.84%	―	38.22%	70.68%
ELTK	51 Neutral	$60.57M	52.90	2.70%	2.16%	2.54%	-79.99%
GNSS	49 Neutral	$95.81M	-5.87	-183.60%	―	69.76%	43.82%
ENMPY	43 Neutral	$76.64M	-7.16	629.50%	―	-84.00%	86.13%
LINK	41 Neutral	$60.95M	-30.25	-13.78%	―	-1.70%	17.13%