Anoto Group AB (SE:ANOT)
:ANOT
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Anoto Group AB
(ANOT)
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Rating:46Neutral
Price Target:
kr0.08
▲(50.00% Upside)
Action:ReiteratedDate:03/31/26
The score is held down primarily by very weak financial performance (large losses, shrinking revenue, heavy ongoing cash burn, and sharply reduced equity increasing balance-sheet risk). Technicals are a partial offset with strong momentum above major moving averages, but the extremely overbought RSI adds near-term risk. Valuation provides limited support given the negative P/E and no dividend yield.
Positive Factors
High gross margins
A roughly 51% gross margin in TTM indicates strong product-level economics and pricing power for Anoto's core technology. That durable margin base gives the company a pathway to profitability if operating expenses are restructured or revenue stabilizes, supporting long-term scalability.
Negative Factors
Persistent cash burn
Sustained negative operating and free cash flow (~-33.2M and ~-46.7M TTM) is a structural risk that forces reliance on external financing or asset sales. Over 2–6 months this limits strategic options, increases dilution risk, and constrains investment in product development or sales execution.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
A roughly 51% gross margin in TTM indicates strong product-level economics and pricing power for Anoto's core technology. That durable margin base gives the company a pathway to profitability if operating expenses are restructured or revenue stabilizes, supporting long-term scalability.
Read all positive factors
Anoto Group AB (ANOT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr103.51M
Dividend YieldN/A
Average Volume (3M)861.05K
Price to Earnings (P/E)―
Beta (1Y)0.05
Revenue Growth-36.24%
EPS Growth42.01%
CountrySE
Employees33
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,102,362,800
10 Day Avg. Volume497,980
30 Day Avg. Volume861,047
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)34.24
Price to Sales (P/S)2.27
P/FCF Ratio-1.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 handlin...
How the Company Makes Money
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Anoto Group AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
24
Negative
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.37M | 30.07M | 43.01M | 69.36M | 71.73M |
| Gross Profit | 7.12M | 14.36M | 27.04M | 42.90M | 38.58M |
| EBITDA | -54.48M | -53.76M | 38.95M | -21.92M | -24.86M |
| Net Income | -96.23M | -55.78M | -84.24M | -30.90M | -40.22M |
Balance Sheet | |||||
| Total Assets | 95.87M | 144.82M | 143.62M | 238.73M | 239.07M |
| Cash, Cash Equivalents and Short-Term Investments | 196.00K | 30.67M | 2.62M | 1.72M | 3.88M |
| Total Debt | 25.70M | 4.64M | 24.29M | 72.17M | 41.64M |
| Total Liabilities | 94.39M | 64.70M | 84.28M | 147.08M | 106.33M |
| Stockholders Equity | 1.48M | 80.13M | 59.33M | 111.00M | 144.51M |
Cash Flow | |||||
| Free Cash Flow | -37.20M | -51.96M | -40.00M | -32.33M | -46.33M |
| Operating Cash Flow | -33.18M | -43.98M | -40.73M | -27.95M | -39.02M |
| Investing Cash Flow | -18.11M | -12.44M | -1.13M | -2.27M | -7.01M |
| Financing Cash Flow | 47.73M | 84.44M | 28.16M | 27.70M | 47.53M |
Anoto Group AB Technical Analysis
Positive
0.05
Price Trends
0.05
Positive
0.05
Positive
0.06
Positive
Market Momentum
0.01
Negative
60.97
Neutral
20.76
Neutral
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 below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.05, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 60.97 is Neutral, neither overbought nor oversold. The STOCH value of 20.76 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | kr137.18M | 18.58 | ― | ― | 12.09% | ― | |
57 Neutral | kr45.58M | -14.12 | ― | ― | 17.10% | -267.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | kr668.59M | 52.29 | 22.29% | 0.48% | 27.82% | 305.33% | |
50 Neutral | kr466.97M | -26.07 | ― | ― | 19.18% | 48.44% | |
46 Neutral | kr103.51M | -0.53 | -326.45% | ― | -36.24% | 42.01% | |
44 Neutral | €727.43K | -3.26 | 277.20% | ― | ― | ― |
* General Sector Average
SE:ANOT
Anoto Group AB
0.09
0.05
97.87%
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Anoto Group AB Corporate Events
Anoto names Jonathan Faiman CEO to drive next phase of digital writing strategy
Mar 10, 2026
Anoto Group AB has appointed Jonathan Faiman as its new chief executive officer with immediate effect, replacing interim CEO Mats Karlsson, who will support a smooth transition after overseeing a restructuring phase that strengthened the company&#...
Anoto Group Secures New Convertible Loan to Bolster Growth and Simplify Financing
Mar 3, 2026
Anoto Group AB has secured a new convertible loan facility of up to USD 1.49 million, combining this financing with an existing USD 2.4 million convertible loan into a single structure to strengthen its capital base. The arrangement, which allows ...
Anoto Narrows Losses and Boosts Margins as It Restructures Financing
Feb 27, 2026
Anoto Group AB, a Swedish-listed technology company and pioneer in digital pen and dot pattern technology, focuses on smart pens, paper and software that connect handwriting to digital systems. Its core portfolio includes the inq and Livescribe re...
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.