Compodium International AB (COMPDM) AI Stock Analysis

• Market Cap: kr40.44M
• Dividend Yield: N/A
• Average Volume (3M): 12.02K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.51
• Revenue Growth: 50.38%
• EPS Growth: 10.68%
• Country: SE
• Employees: 22
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.60
• Shares Outstanding: 8,604,295
• 10 Day Avg. Volume: 17,242
• 30 Day Avg. Volume: 12,024
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.68
• P/FCF Ratio: 8.06
• 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: 48 Neutral
• Price Target: kr4.00 ▲(14.29% Upside)
• Action: Reiterated Date: 03/02/26
• Date: Action: Reiterated 03/02/26

The score is held back primarily by weak earnings quality (ongoing net losses and negative gross profit despite strong 2025 revenue growth). Technicals also remain pressured with the stock below key longer-term moving averages. Low leverage and improved recent cash generation provide some support but are not yet backed by durable profitability.

Positive Factors

Conservative balance sheet / low leverage

Very low debt provides durable financial flexibility and a cushion while management pursues profitability. Low leverage reduces bankruptcy risk and the need for urgent external financing, allowing the company to invest in product and go-to-market activities without heavy interest burdens.

Improving cash generation

Recent positive operating and free cash flow indicate the business is beginning to convert sales into cash, strengthening the funding runway. Durable cash generation lowers reliance on dilution or debt and supports reinvestment into growth and margin-improvement initiatives over the coming quarters.

Material revenue acceleration in 2025

A substantial top-line surge demonstrates meaningful traction and demand for the product set, creating a base to scale fixed-cost absorption. If sustained, this revenue momentum provides the structural opportunity to improve unit economics and move toward durable operating profitability.

Negative Factors

Persistent net losses and negative gross profit

Negative gross profit in 2025 signals the core business is currently unprofitable at the unit level, not just after overhead. Multi-year net losses risk eroding equity and force reliance on external capital unless unit economics improve, making profitability an essential structural hurdle.

Historically volatile cash flow

Large swings in operating and free cash flow undermine predictability and strategic planning. Volatility increases liquidity risk if recent positive cash performance proves temporary, potentially forcing dilutive raises or constrained investment precisely when scaling is needed.

Very small operating scale

A very small employee base limits capacity to scale product development, sales, and support versus larger rivals. Concentrated human-capital risk and limited internal resources can slow execution, making it harder to sustain growth and improve margins over the medium term.

Compodium International AB Business Overview & Revenue Model

Company Description

Compodium International AB (publ), a technology company, provides digital collaboration solutions for organizations, companies, and authorities. The company offers Vidicue, an encrypted video communication solution that secures meetings with sensitive and classified information; and TDialog, a secure messaging solution. It also provides fulfillment, project management, consultancy, development and engineering, green recycling, and sustainability services. The company was founded in 1997 and is based in Luleå, Sweden.

How the Company Makes Money

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Compodium International AB Financial Statement Overview

Summary

Financials are mixed: revenue surged in 2025 and losses have narrowed, with positive operating and free cash flow in 2024–2025 and low leverage. Offsetting this, profitability quality remains weak with multi-year net losses and a negative gross profit in 2025 (costs exceeding revenue).

Income Statement

Revenue growth has been strong in the latest annual period (2025 up ~111% after flat 2024), and losses have narrowed materially versus 2021–2023. However, profitability remains weak: net income is still negative in every year shown, and 2025 shows negative gross profit (implying costs exceeded revenue), which is a major quality red flag despite improving EBITDA.

Balance Sheet

The balance sheet looks conservatively levered, with very low debt relative to equity in recent years (2023–2024 debt-to-equity ~0.0–0.03). Equity remains sizable, providing a cushion while the company works toward profitability. The key weakness is persistent losses, which have driven negative returns on equity across years and could pressure the equity base if sustained.

Cash Flow

Cash generation has improved versus earlier years: operating cash flow is positive in 2024–2025 and free cash flow is also positive, with a strong step-up in 2025 (free cash flow up ~29%). That said, cash flow has been volatile historically (notably deeply negative in 2021–2022 and negative again in 2023), and current cash generation is not yet consistently supported by durable profitability.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	44.45M	35.38M	35.38M	58.55M	46.77M
Gross Profit	-16.15M	19.58M	15.24M	2.75M	4.14M
EBITDA	8.22M	-1.07M	-16.58M	-22.13M	-20.69M
Net Income	-14.93M	-6.58M	-20.70M	-26.74M	-23.31M
Balance Sheet
Total Assets	74.27M	97.04M	47.98M	75.91M	113.78M
Cash, Cash Equivalents and Short-Term Investments	5.80M	6.69M	8.96M	17.35M	58.55M
Total Debt	406.00K	1.77M	147.00K	675.00K	1.33M
Total Liabilities	33.76M	41.62M	13.56M	20.79M	32.05M
Stockholders Equity	40.51M	58.51M	34.42M	55.12M	81.73M
Cash Flow
Free Cash Flow	3.73M	1.33M	-7.86M	-38.98M	-19.48M
Operating Cash Flow	3.89M	3.95M	-203.00K	-27.89M	-13.44M
Investing Cash Flow	-3.42M	-14.00K	-7.65M	-11.17M	-14.34M
Financing Cash Flow	-1.37M	-676.00K	-528.00K	-2.14M	82.75M

Compodium International AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:COMPDM, the sentiment is Positive. The current price of 3.5 is below the 20-day moving average (MA) of 4.05, below the 50-day MA of 3.73, and below the 200-day MA of 5.03, indicating a neutral trend. The MACD of 0.19 indicates Negative momentum. The RSI at 75.41 is Negative, neither overbought nor oversold. The STOCH value of 67.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:COMPDM.

Compodium International AB 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%
LOYAL	52 Neutral	kr35.34M	―	―	―	-4.44%	-14.29%
FLOWS	52 Neutral	kr57.99M	24.78	―	―	―	―
COMPDM	48 Neutral	kr40.44M	-2.02	―	―	50.38%	10.68%
ZAPLOX	47 Neutral	kr29.46M	-91.47	-205.97%	―	9.85%	50.72%
DIVIO.B	44 Neutral	kr35.14M	-5.19	―	―	―	―