Rolling Optics (RO) AI Stock Analysis

• Market Cap: kr62.13M
• Dividend Yield: N/A
• Average Volume (3M): 14.62K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.25
• Revenue Growth: -0.73%
• EPS Growth: -136.62%
• Country: SE
• Employees: 18
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.03
• Shares Outstanding: 266,636,930
• 10 Day Avg. Volume: 8,681
• 30 Day Avg. Volume: 14,620
• PEG Ratio: 1.29
• Price to Book (P/B): 2.27
• Price to Sales (P/S): 4.14
• P/FCF Ratio: -14.79
• 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): kr369.50M

• Rating: 44 Neutral
• Price Target: kr0.23 ▼(-6.80% Downside)

The score is driven down primarily by weak financial performance (sharp TTM revenue decline, deep losses, and significant cash burn). Technicals further weigh on the score due to a clear downtrend and bearish momentum indicators. Valuation is not a meaningful positive factor because the negative P/E is driven by losses and no dividend support is available.

Rolling Optics Business Overview & Revenue Model

Company Description

Rolling Optics Holding AB (publ) develops, designs, produces, and sells products in visual authentication based on in-house developed and patented technology in micro-optics. The company was founded in 2005 and is based in Solna, Sweden.

How the Company Makes Money

Rolling Optics generates revenue through the sale of its proprietary micro-optical products and solutions. The company primarily earns money by providing high-security anti-counterfeiting labels to industries like pharmaceuticals, electronics, and luxury goods, where brand protection is critical. Additionally, RO offers customized optical design solutions to brands seeking to differentiate their products through unique visual effects. Partnerships with major companies in these sectors, as well as ongoing innovation in optical technology, significantly contribute to RO's earnings by expanding its market reach and enhancing its product offerings.

Rolling Optics Financial Statement Overview

Summary

Rolling Optics faces significant challenges across its financial statements. While asset management and cost control are strengths, persistent profitability issues, declining revenue trends, and negative cash flows highlight underlying financial instability. The strong equity base offers some support, but operational improvements are necessary for long-term sustainability.

Income Statement

Rolling Optics exhibits a consistent pattern of declining revenue from 2019 to 2024, with a significant growth in 2024 over 2023. The gross profit margin remains relatively high, indicating effective cost management. However, persistent negative EBIT and net income margins highlight ongoing profitability challenges, suggesting operational inefficiencies.

Balance Sheet

The company maintains a strong equity position with no debt in the latest period. The equity ratio is robust, reflecting a solid financial foundation. However, past fluctuations in stockholders' equity and a declining total assets trend could indicate future stability concerns.

Cash Flow

Operating cash flow remains negative, indicating cash generation issues from core operations. Despite positive free cash flow growth in the latest period, it remains negative overall, reflecting challenges in covering capital expenditures and financing needs through operational cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.63M	39.56M	32.82M	20.67M	26.87M	24.35M
Gross Profit	28.85M	29.61M	16.89M	14.44M	18.45M	17.20M
EBITDA	-12.10M	-3.73M	-4.98M	-11.71M	-11.07M	-29.01M
Net Income	-19.25M	-9.29M	-9.51M	-14.25M	-13.29M	-50.25M
Balance Sheet
Total Assets	101.46M	109.21M	105.18M	146.95M	139.35M	144.68M
Cash, Cash Equivalents and Short-Term Investments	25.96M	36.02M	38.53M	86.03M	46.13M	69.95M
Total Debt	0.00	0.00	0.00	15.99M	11.11M	6.62M
Total Liabilities	29.52M	37.21M	32.76M	47.52M	43.63M	37.06M
Stockholders Equity	71.94M	72.00M	72.42M	99.42M	95.71M	107.62M
Cash Flow
Free Cash Flow	-28.64M	-11.07M	-14.08M	-26.55M	-30.25M	-16.82M
Operating Cash Flow	-19.43M	-2.25M	-5.89M	-10.69M	-13.15M	-16.46M
Investing Cash Flow	-9.19M	-8.82M	35.18M	-15.40M	-15.49M	47.93M
Financing Cash Flow	19.18M	8.56M	-33.42M	22.60M	4.83M	19.25M

Rolling Optics Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:RO, the sentiment is Negative. The current price of 0.25 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.55, and below the 200-day MA of 0.76, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 34.27 is Neutral, neither overbought nor oversold. The STOCH value of 39.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:RO.

Rolling Optics 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%
ACCON	54 Neutral	kr890.62M	-35.69	-9.00%	―	-1.32%	51.89%
GPX	51 Neutral	kr69.96M	-7.13	―	―	-15.54%	-263.54%
FING.B	46 Neutral	$70.16M	-0.77	-37.93%	―	-82.93%	94.83%
RO	44 Neutral	kr62.13M	-3.14	-26.75%	―	-0.73%	-136.62%
INSP	42 Neutral	kr10.17M	-0.37	-93.13%	―	-0.75%	65.47%