Irisity AB (SE:IRIS)
:IRIS
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Irisity AB
(IRIS)
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Rating:52Neutral
Price Target:
kr0.33
▲(156.15% Upside)
Action:Reiterated
Date:06/03/26
The score is held back mainly by weak financial performance—ongoing losses and negative operating cash flow despite strong revenue growth—partly offset by a debt-free balance sheet. Technically, the stock shows a constructive uptrend (above major moving averages with positive MACD), but valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Rapid Revenue Growth
TTM revenue growth of +361% indicates strong product-market fit and accelerating demand for AI video analytics. Over a 2–6 month horizon this supports expanding recurring license revenue, improved scale economics, and strengthens competitive positioning as deployments broaden.
Negative Factors
Negative Operating Cash Flow
Operating cash flow has been negative across reported periods and remains negative in the TTM, meaning core operations consume cash. This constrains runway and forces reliance on external financing or severe cost control, limiting the company's ability to sustainably scale over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Growth
TTM revenue growth of +361% indicates strong product-market fit and accelerating demand for AI video analytics. Over a 2–6 month horizon this supports expanding recurring license revenue, improved scale economics, and strengthens competitive positioning as deployments broaden.
Read all positive factors
Irisity AB (IRIS) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr111.42M
Dividend YieldN/A
Average Volume (3M)554.40K
Price to Earnings (P/E)―
Beta (1Y)-0.30
Revenue Growth1.81%
EPS Growth68.16%
CountrySE
Employees76
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.82
Shares Outstanding384,201,930
10 Day Avg. Volume311,167
30 Day Avg. Volume554,400
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.08
Price to Sales (P/S)0.25
P/FCF Ratio0.00
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)-0.59
Revenue Forecast (FY)kr105.50M
Irisity AB Business Overview & Revenue Model
Company Description
Irisity AB (publ) is a Swedish company specializing in AI-powered video analytics solutions, operating both domestically and internationally. Through its IRIS platform, offered as Security-as-a-Service (SaaS), it delivers advanced AI video analyti...
How the Company Makes Money
Irisity makes money primarily by commercializing its AI video analytics software to customers that operate or manage camera systems. Revenue is typically generated from software licensing—commonly structured as recurring subscriptions tied to the ...
Irisity AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
21
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.17M | 86.06M | 103.94M | 117.60M | 87.68M | 77.29M |
| Gross Profit | 92.82M | 89.11M | 106.59M | 129.13M | 94.79M | 70.97M |
| EBITDA | -33.06M | -46.81M | -92.48M | -89.84M | -94.64M | -10.94M |
| Net Income | -174.28M | -185.32M | -216.07M | -132.53M | -136.93M | -23.93M |
Balance Sheet | ||||||
| Total Assets | 381.20M | 398.46M | 738.23M | 760.19M | 863.39M | 898.89M |
| Cash, Cash Equivalents and Short-Term Investments | 1.80M | 2.99M | 7.55M | 13.64M | 17.58M | 71.34M |
| Total Debt | 0.00 | 0.00 | 12.65M | 23.28M | 15.00M | 1.17M |
| Total Liabilities | 121.49M | 114.62M | 117.20M | 128.54M | 124.31M | 136.85M |
| Stockholders Equity | 259.71M | 283.84M | 621.02M | 631.65M | 739.07M | 762.04M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 0.00 | -59.87M | -69.65M | -68.28M | -43.25M |
| Operating Cash Flow | -31.18M | -40.21M | -59.87M | -42.71M | -41.96M | -27.44M |
| Investing Cash Flow | -17.30M | -15.13M | -33.96M | -26.94M | -26.33M | -90.16M |
| Financing Cash Flow | 45.36M | 50.44M | 87.75M | 63.16M | 13.77M | 123.79M |
Irisity AB Technical Analysis
Positive
0.13
Price Trends
0.24
Positive
0.18
Positive
0.17
Positive
Market Momentum
0.01
Positive
50.88
Neutral
14.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:IRIS, the sentiment is Positive. The current price of 0.13 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.24, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.88 is Neutral, neither overbought nor oversold. The STOCH value of 14.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:IRIS.
Irisity AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | kr649.51M | 19.68 | ― | ― | -0.13% | -36.54% | |
67 Neutral | kr89.20B | 16.49 | 13.15% | 3.10% | -6.50% | -0.22% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | kr134.33M | -7.44 | -10.30% | ― | -12.06% | -44.76% | |
52 Neutral | kr111.42M | -0.64 | -45.32% | ― | 1.81% | 68.16% | |
48 Neutral | kr67.05M | -5.91 | -1.58% | ― | -8.81% | 33.66% | |
46 Neutral | kr119.51M | -11.19 | ― | ― | 15.57% | 88.38% |
* Industrials Sector Average
SE:IRIS
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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.