Anoto Group AB (ANOT) AI Stock Analysis

• Market Cap: kr52.58M
• Dividend Yield: N/A
• Average Volume (3M): 861.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.96
• Revenue Growth: -36.24%
• EPS Growth: 42.01%
• Country: SE
• Employees: 33
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -0.02
• Shares Outstanding: 1,102,362,800
• 10 Day Avg. Volume: 497,980
• 30 Day Avg. Volume: 861,047
• PEG Ratio: <0.01
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 1.48
• P/FCF Ratio: -0.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 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: kr0.05 ▲(2.00% Upside)

Anoto Group AB's overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis provides some short-term positive signals, but these are overshadowed by the company's ongoing financial challenges and lack of profitability.

Positive Factors

Technology Licensing

Licensing provides a scalable revenue stream, allowing Anoto to benefit from partners' market reach without significant capital investment.

Strategic Partnerships

Partnerships in education and healthcare sectors position Anoto favorably in industries with growing demand for digital solutions.

Gross Profit Margin

A strong gross profit margin indicates effective cost management in production, providing a buffer against operational losses.

Negative Factors

Revenue Decline

Declining revenues suggest weakening demand or competitive pressures, challenging the company's ability to sustain operations long-term.

Negative Cash Flow

Negative cash flow indicates that the company is not generating sufficient cash from operations, threatening its financial stability.

Profitability Challenges

Negative profit margins highlight ongoing operational inefficiencies and the need for cost restructuring to achieve profitability.

Anoto Group AB Business Overview & Revenue Model

Company Description

Anoto Group AB (publ) provides digital writing and drawing solutions in Sweden, Europe, the Middle East, Africa, the United States, and the Asia-Pacific regions. The company offers ACE, a cloud-based forms system that offers paper document handling and business process automation; Anoto DNA, an interactive security and marketing solution; and Dr. Watson, a biometric authentication and security solution. It also provides KAIT, an AI solution for offline education; and designs and manufactures smart pens under the Livescribe name. The company was incorporated in 1996 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Anoto Group AB generates revenue through multiple streams, including the sale of digital writing products, software licensing, and service agreements. The company primarily earns from the direct sales of its digital pens and the corresponding paper products that feature its unique dot pattern. Additionally, Anoto licenses its technology to third-party companies, enabling them to integrate digital writing capabilities into their own products and services. Strategic partnerships with educational institutions and healthcare providers also contribute to its revenue, as these sectors increasingly adopt digital solutions for efficiency and data management. Furthermore, ongoing service and support contracts provide a continuous revenue flow as clients seek to enhance their digital capabilities.

Anoto Group AB Financial Statement Overview

Summary

Anoto Group AB is struggling financially, with declining revenues and significant losses impacting all aspects of its financial statements. While the company maintains a reasonable debt level, its profitability and cash flow generation are major concerns. The company needs to address its operational inefficiencies and find ways to stabilize its revenue and improve its cash flow to achieve financial sustainability.

Income Statement

Anoto Group AB's income statement shows significant challenges. The company has been experiencing declining revenues with a negative revenue growth rate of -7.1% in the TTM period. Margins are deeply negative, with a net profit margin of -4.47% and EBIT margin of -2.99%, indicating substantial losses. The gross profit margin of 54.49% is a relative strength, but overall profitability is severely impacted by high operating losses.

Balance Sheet

The balance sheet of Anoto Group AB reveals a mixed picture. The debt-to-equity ratio is relatively low at 0.29, suggesting manageable leverage levels. However, the return on equity is highly negative at -185.66%, reflecting significant losses relative to shareholder equity. The equity ratio is not provided, but the overall financial stability is questionable due to persistent losses.

Cash Flow

Cash flow analysis shows that Anoto Group AB is facing cash flow difficulties. The operating cash flow to net income ratio is negative, indicating that the company is not generating cash from its operations. Free cash flow has improved slightly with a growth rate of 15.33%, but it remains negative. The free cash flow to net income ratio is above 1, suggesting that free cash flow is less negative than net income, but overall cash flow health is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	21.51M	30.07M	43.01M	69.36M	71.73M	70.55M
Gross Profit	11.72M	14.36M	27.04M	42.90M	38.58M	38.16M
EBITDA	-58.78M	-53.76M	38.95M	-21.92M	-24.86M	-113.23M
Net Income	-96.05M	-55.78M	-84.24M	-30.90M	-40.22M	-128.27M
Balance Sheet
Total Assets	116.06M	144.82M	143.62M	238.73M	239.07M	225.06M
Cash, Cash Equivalents and Short-Term Investments	269.00K	30.67M	2.62M	1.72M	3.88M	2.13M
Total Debt	12.35M	4.64M	24.29M	72.17M	41.64M	5.32M
Total Liabilities	73.89M	64.70M	84.28M	147.08M	106.33M	69.30M
Stockholders Equity	42.17M	80.13M	59.33M	111.00M	144.51M	158.86M
Cash Flow
Free Cash Flow	-93.75M	-51.96M	-40.00M	-32.33M	-46.33M	-68.22M
Operating Cash Flow	-79.24M	-43.98M	-40.73M	-27.95M	-39.02M	-61.60M
Investing Cash Flow	-13.45M	-12.44M	-1.13M	-2.27M	-7.01M	-7.27M
Financing Cash Flow	111.58M	84.44M	28.16M	27.70M	47.53M	50.63M

Anoto Group AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ANOT, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.52 is Neutral, neither overbought nor oversold. The STOCH value of 82.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ANOT.

Anoto Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADVE	62 Neutral	€650.99M	27.79	22.29%	0.62%	27.82%	305.33%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SONE	56 Neutral	kr60.95M	―	―	―	17.10%	-267.16%
WPAY	51 Neutral	kr158.86M	55.94	―	―	12.09%	―
FREJA	46 Neutral	kr456.98M	―	―	―	19.18%	48.44%
ANOT	43 Neutral	kr52.58M	―	―	―	-36.24%	42.01%
CYB1	36 Underperform	€3.64M	-2.56	―	―	―	―

Anoto Group AB Corporate Events

Anoto Group Secures $2.4M Convertible Loan to Propel Business Strategy

Anoto Group AB has secured a convertible loan agreement totaling 2.4 million USD with investors to support its business plan. The loan, disbursed in three tranches, carries an 8% interest rate and matures in 2027, with provisions for conversion into shares. This financing is secured by a corporate mortgage and share pledge, aiming to bolster Anoto’s operational and market positioning.

Anoto Group AB Reports Q2 2025 Financials and Strategic Moves

Anoto Group AB reported a decrease in net sales for the second quarter of 2025 compared to the same period in 2024, but saw an improvement in gross margin. The company secured loans to support the launch of its inq-pen and software, and settled a legal dispute with Green Mango Corp. Additionally, Anoto held its annual general meeting, approving financial statements and electing board members, while also entering a new loan agreement to bolster working capital and support global expansion.

Anoto Group Secures $400,000 Bridge Loan for Inq Smartpen Expansion

Anoto Group AB has secured a $400,000 bridge loan from Achilles Capital AB to support its working capital needs and accelerate the global expansion of its new Inq Smartpen brand. The loan aims to be converted into a convertible loan if additional financing is secured by mid-September 2025, reflecting the company’s strategic growth initiatives and the strong market reception of its new product.