SpectrumOne AB (SPEONE) AI Stock Analysis

• Market Cap: kr57.44M
• Dividend Yield: N/A
• Average Volume (3M): 634.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.05
• Revenue Growth: -57.04%
• EPS Growth: -161.67%
• Country: SE
• Employees: 10
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.03
• Shares Outstanding: 374,220,920
• 10 Day Avg. Volume: 531,716
• 30 Day Avg. Volume: 634,936
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 7.65
• P/FCF Ratio: -2.59
• 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: 50 Neutral
• Price Target: kr0.17 ▲(10.67% Upside)

The score is primarily held back by weak and volatile profitability (negative gross profit, shrinking revenue, and deep TTM losses). Offsetting this, recent cash flow has improved with positive operating cash flow and free cash flow, and leverage is currently reasonable. Technicals are neutral-to-slightly positive near term, but longer-term trend signals remain weaker, and valuation is difficult to support given the negative P/E and no dividend yield provided.

Positive Factors

TTM positive operating and free cash flow

Trailing-twelve-month positive operating and free cash flow (FCF up ~29%) indicates the business converted revenue to cash despite reported losses. Durable cash generation improves financial flexibility, funds operations and reinvestment without immediate reliance on external financing.

Manageable leverage (low debt-to-equity)

A low TTM debt-to-equity (~0.21) implies the company currently carries modest financial leverage. This structural strength reduces interest burden, lowers refinancing risk, and affords capacity to fund growth initiatives or weather downturns, supporting longer-term strategic flexibility.

Diversified revenue streams and telecom partnerships

Multiple revenue streams—subscriptions, licensing, IoT hardware and consulting—plus telecom partnerships support recurring revenue, cross-sell opportunities and resilience to single-segment shocks. Structurally this mix can stabilize cash flow and improve customer retention over time.

Negative Factors

Negative gross profit and deep TTM losses

Negative gross profit and substantial trailing losses signal core unit economics do not yet cover direct costs. This is a durable profitability problem: unless gross margins improve through pricing, cost reduction, or mix shift, operating losses will persist and erode capital over months.

Shrinking revenue trend

A sustained revenue decline (TTM down ~17%, multi-year weakness and reported RevenueGrowth -57%) undermines scale benefits and makes margin recovery harder. Continued top-line contraction impairs ability to leverage fixed costs and threatens long-term viability absent a clear reversing strategy.

History of balance-sheet stress and negative returns

Prior episodes of extreme leverage and current negative ROE indicate unstable capital structure and weak returns. This legacy volatility raises refinancing and allocation risks, suggesting management must repair balance-sheet consistency to support durable growth and investor confidence.

SpectrumOne AB Business Overview & Revenue Model

Company Description

SpectrumOne AB (publ), a technology company, provides a suite of data management, analytics, and communications platform suites to append and analyze customer data in Sweden and internationally. The company was formerly known as TargetEveryone AB (publ) and changed its name to SpectrumOne AB (publ) in March 2020. SpectrumOne AB (publ) was incorporated in 1995 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

SpectrumOne generates revenue through multiple streams, including subscription services for its cloud-based platforms, licensing fees for its proprietary data analytics software, and direct sales of its IoT hardware solutions. The company also benefits from strategic partnerships with telecommunications providers, enabling it to offer bundled services that enhance customer value and increase sales volume. Additionally, SpectrumOne engages in consulting services related to data strategy and implementation, further diversifying its revenue sources and allowing it to capitalize on the growing demand for digital transformation across various industries.

SpectrumOne AB Financial Statement Overview

Summary

Cash flow is a relative strength (TTM operating cash flow and free cash flow are positive, with FCF up ~29%) and leverage is currently manageable (TTM debt-to-equity ~0.21). However, the income statement is materially weak with shrinking revenue (TTM down ~17%), negative gross profit, and deep TTM losses, plus volatility and mixed earnings quality signals (FY2024 margin strength not supported by TTM results).

Income Statement

Profitability is highly volatile and currently weak on a TTM (Trailing-Twelve-Months) basis, with negative gross profit and deep losses despite positive EBITDA. Revenue has also been shrinking recently (TTM down ~17%), following a multi-year pattern of sharp swings. While FY2024 shows a strong net profit margin, it conflicts with negative operating profit and is not supported by the TTM loss, suggesting earnings quality and sustainability concerns.

Balance Sheet

Leverage looks manageable in the most recent periods, with debt-to-equity around ~0.21 (TTM) and a sizable equity base relative to assets. However, returns on equity have been inconsistent and are currently negative on a TTM basis, indicating the balance sheet is not translating into shareholder returns. History also shows prior balance-sheet stress (FY2023 extremely high debt-to-equity), highlighting that capital structure stability has not been steady over time.

Cash Flow

Cash generation improved meaningfully in TTM (Trailing-Twelve-Months), with positive operating cash flow and positive free cash flow, and free cash flow up ~29%. Cash flow also compares favorably to the reported loss, implying strong cash conversion in the latest period. The main weakness is instability: FY2024 and earlier years show negative operating and free cash flow, so consistency and durability of cash generation remain key risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.69M	12.08M	23.34M	74.05M	60.80M	14.79M
Gross Profit	-2.67M	-1.47M	602.00K	10.15M	13.71M	-375.00K
EBITDA	3.52M	97.37M	-82.97M	-26.78M	-133.34M	2.29M
Net Income	-37.56M	65.33M	-96.65M	-82.50M	-154.09M	-25.07M
Balance Sheet
Total Assets	145.86M	170.46M	62.03M	171.25M	297.00M	215.47M
Cash, Cash Equivalents and Short-Term Investments	1.08M	5.97M	1.38M	3.55M	13.97M	60.15M
Total Debt	23.87M	22.94M	42.75M	30.00M	46.14M	50.81M
Total Liabilities	34.60M	32.60M	61.41M	73.05M	77.81M	99.15M
Stockholders Equity	111.26M	137.86M	619.00K	98.20M	219.19M	116.32M
Cash Flow
Free Cash Flow	23.67M	-35.70M	-10.52M	-18.22M	-32.45M	-18.95M
Operating Cash Flow	18.76M	-35.70M	-10.52M	-14.35M	-32.45M	-11.72M
Investing Cash Flow	-14.93M	59.36M	6.99M	-10.68M	-208.34M	-50.15M
Financing Cash Flow	-5.83M	-19.07M	1.38M	14.61M	194.61M	121.89M

SpectrumOne AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SPEONE, the sentiment is Negative. The current price of 0.15 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.16, and below the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.46 is Neutral, neither overbought nor oversold. The STOCH value of 15.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SPEONE.

SpectrumOne 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%
FLOWS	52 Neutral	kr57.40M	48.19	―	―	―	―
COMPDM	52 Neutral	kr31.84M	-2.44	―	―	50.38%	10.68%
SPEONE	50 Neutral	kr57.44M	-1.52	-32.53%	―	-57.04%	-161.67%
CHARGE	47 Neutral	kr64.84M	-2.99	―	―	―	―
ALBERT	46 Neutral	kr145.25M	-1.96	-76.48%	―	-8.60%	24.21%