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LumenRadio AB (SE:LUMEN)
:LUMEN
Sweden Market
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LumenRadio AB (LUMEN) AI Stock Analysis

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SE:LUMEN

LumenRadio AB

(LUMEN)

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Neutral 68 (OpenAI - 5.2)
Rating:68Neutral
Price Target:
kr65.00
▲(5.01% Upside)
Action:Downgraded
Date:07/16/26
The score is supported primarily by strong financial quality—especially the very low leverage balance sheet and solid TTM profitability/cash generation. This is offset by weak current technical momentum (below key moving averages with negative MACD) and a relatively high P/E with no dividend yield provided.
Positive Factors
Conservative balance sheet
Extremely low leverage and declining debt provide durable financial flexibility, lowering solvency and refinancing risk. Over a 2–6 month horizon this supports continued R&D, module design wins, and resilience to demand swings, strengthening long-term operational optionality.
Negative Factors
Profitability volatility
Material year-to-year swings in gross profit and margins reduce predictability of earnings and complicate long-term planning for R&D and customer contracts. Persistent volatility can erode investor and partner confidence and makes sustaining margin levels less certain over months to a few quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and declining debt provide durable financial flexibility, lowering solvency and refinancing risk. Over a 2–6 month horizon this supports continued R&D, module design wins, and resilience to demand swings, strengthening long-term operational optionality.
Read all positive factors

LumenRadio AB (LUMEN) vs. iShares MSCI Sweden ETF (EWD)

LumenRadio AB Business Overview & Revenue Model

Company Description
LumenRadio AB (publ) is a technology firm that specializes in crafting and distributing wireless communication solutions for highly critical Internet of Things applications, facilitating seamless device-to-device connectivity. Their comprehensive ...
How the Company Makes Money
LumenRadio makes money primarily by selling wireless connectivity hardware and by licensing/embedding its wireless technology into other manufacturers’ products. Key revenue streams typically include: (1) Component/module sales: revenue from selli...

LumenRadio AB Financial Statement Overview

Summary
Strong overall fundamentals driven by an exceptionally conservative balance sheet (very low leverage and declining debt) and solid TTM profitability (gross margin ~53%, EBIT margin ~12%, net margin ~9.7%). Cash generation is also robust with strong free cash flow, though year-to-year volatility in margins and cash flows reduces confidence in durability.
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue284.86M242.85M244.61M257.39M200.73M127.23M
Gross Profit138.17M24.38M149.94M162.60M121.17M75.12M
EBITDA57.49M39.66M51.40M69.90M47.56M27.57M
Net Income34.33M19.09M28.23M47.30M33.88M24.43M
Balance Sheet
Total Assets321.55M303.80M352.37M321.50M191.27M94.45M
Cash, Cash Equivalents and Short-Term Investments121.59M108.18M118.58M84.31M86.12M16.75M
Total Debt3.02M5.01M8.00M11.23M14.74M8.88M
Total Liabilities51.28M47.02M113.04M111.58M54.13M34.20M
Stockholders Equity270.26M256.79M239.33M209.92M137.14M60.26M
Cash Flow
Free Cash Flow46.78M6.25M36.06M62.90M30.60M13.33M
Operating Cash Flow48.70M6.46M40.21M68.06M34.65M17.77M
Investing Cash Flow-8.71M-10.15M-2.98M-61.18M-3.93M-4.44M
Financing Cash Flow-4.66M-4.64M-2.72M-8.67M38.53M-6.73M

LumenRadio AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
kr664.32M19.342.76%92.66%
58
Neutral
kr342.00M185.7111.87%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:LUMEN
LumenRadio AB
51.60
-3.90
-7.03%
DE:2I40
TagMaster AB Class B
2.97
1.48
98.66%
DE:96W
Maven Wireless Sweden AB
0.43
-0.42
-49.52%
DE:86M
InCoax Networks AB
0.05
-0.02
-31.94%
SE:WAYS
Waystream Group AB
38.50
-1.20
-3.02%
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.Date of analysis: Jul 16, 2026