Ensurge Micropower ASA (ENMPY) AI Stock Analysis

• Market Cap: $85.23M
• Dividend Yield: N/A
• Average Volume (3M): 592.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• 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: 0.89
• Enterprise Value/Revenue: 2.96K
• Enterprise Value/Gross Profit: -167.97
• Enterprise Value/Ebitda: -11.72
• 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: $0.27 ▼(-29.21% 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

Financial profile is very weak: TTM revenue is extremely small (~$26k), gross profit is negative, and losses are large (EBIT about -$7.4M; net loss about -$8.2M). Cash flow remains deeply negative (operating cash flow about -$5.0M; free cash flow about -$14.8M). Balance sheet shows some improvement with equity turning positive in TTM, but leverage remains elevated (debt about $10.7M vs equity about $4.2M), keeping funding risk high.

Income Statement

TTM (Trailing-Twelve-Months) revenue is extremely small (about $26k) and, while it shows growth versus the prior period, the business remains deeply unprofitable. Gross profit is negative in TTM and operating losses are substantial (EBIT about -$7.4M; net loss about -$8.2M), implying costs are far out of line with the current revenue base. Annual results show the same pattern: persistent multi-year net losses and highly negative profit margins, with revenue volatility and no clear path to profitability yet.

Balance Sheet

Leverage is elevated: TTM total debt is about $10.7M against equity of about $4.2M (roughly 2.5x), which limits financial flexibility for a company with ongoing losses. A key improvement is that equity has moved from negative in recent annual periods (2022–2024) to positive in TTM, suggesting recapitalization and/or balance sheet repair. Still, with losses continuing and debt remaining meaningful, the balance sheet carries above-average funding and dilution/refinancing risk.

Cash Flow

Cash generation remains weak: TTM operating cash flow is negative (about -$5.0M) and free cash flow is very negative (about -$14.8M), indicating continued cash burn and likely reliance on external financing. While operating cash burn is lower than prior annual periods (e.g., 2023–2024), free cash flow remains pressured, pointing to ongoing investment needs and/or working-capital strain with no self-funding profile yet.

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: Positive
• RSI: Neutral
• STOCH: Positive

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 0.32, above the 50-day MA of 0.34, and below the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.66 is Neutral, neither overbought nor oversold. The STOCH value of -1.26 is Positive, 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
CPSH	64 Neutral	$96.01M	-131.53	-3.84%	―	38.22%	70.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ELTK	51 Neutral	$58.96M	51.50	2.70%	2.16%	2.54%	-79.99%
GNSS	49 Neutral	$83.16M	-4.58	-183.60%	―	69.76%	43.82%
ENMPY	43 Neutral	$85.23M	-6.30	629.50%	―	-84.00%	86.13%
LINK	41 Neutral	$55.60M	-28.17	-13.78%	―	-1.70%	17.13%