SpectrumOne AB (SPEONE) AI Stock Analysis

• Market Cap: kr69.23M
• 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): -0.01
• 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): 0.55
• Price to Sales (P/S): 16.71
• P/FCF Ratio: 0.00
• 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: 45 Neutral
• Price Target: kr0.19 ▲(25.33% Upside)
• Action: Reiterated Date: 02/27/26
• Date: Action: Reiterated 02/27/26

The score is primarily held back by weak financial performance (contracting revenue, recurring losses, and persistent negative operating cash flow). Technicals provide some near-term support with the price above key short-term averages, but overbought momentum signals raise pullback risk. Valuation is not supportive due to negative earnings and no dividend yield data.

Positive Factors

Balance Sheet Strength

Zero reported debt and sizable equity in 2025 provide lasting financial flexibility versus highly leveraged peers. This reduces refinancing and interest burden risk, supporting the company’s ability to fund operations or strategic initiatives over the next several months without immediate debt strain.

Diversified Revenue Model

Multiple revenue streams—recurring subscriptions and licensing plus hardware and consulting—create durable cash-flow diversification. Recurring software-based revenues can stabilize receipts while hardware and consulting enable cross-sell, reducing single-channel dependency over a 2–6 month horizon.

Product & Market Breadth

A broad product suite across IoT, data integration and cloud analytics addresses structural demand for connectivity and digital transformation. This multi-product capability enhances cross-selling, customer stickiness and competitive positioning in telecom and enterprise verticals over the medium term.

Negative Factors

Shrinking Revenue

Sustained top-line decline and volatility undermines scale economics and long-term margin recovery. Continued revenue contraction erodes bargaining power with partners, limits reinvestment capacity, and makes execution on product-market fit and sales expansion materially harder over the next several months.

Negative Operating Cash Flow

Consistent negative operating cash flow forces reliance on external capital, raising dilution and financing risk. Limited internal cash generation constrains R&D, sales investment, and working capital, weakening the company’s ability to stabilize growth or respond to competition over a 2–6 month horizon.

Weak and Inconsistent Profitability

Large recent losses and instances of negative gross profit signal fundamental margin problems and questionable earnings quality. Past anomalous high net income was not supported by cash flow, indicating structural challenges to achieving sustainable, high-quality profitability in the medium term.

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

Overall fundamentals are weak. Revenue is shrinking materially and volatile, profitability is poor with large recent losses, and operating cash flow is negative across all shown years. The balance sheet is a relative positive with zero reported debt and sizable equity in 2025, but prior instability and ongoing cash burn keep financial risk elevated.

Income Statement

Revenue has been highly volatile and is shrinking materially in the most recent year (2025 revenue down ~38% year over year, following declines in 2024 and 2023). Profitability is weak: the company posted large losses in 2025 (negative gross profit and a sizable net loss), and most years show negative operating results. While 2024 reported strong net income and very high margins, it coincided with negative gross profit and negative operating cash flow, suggesting earnings quality was not supported by the core business.

Balance Sheet

The balance sheet is a relative strength. Debt is reported at zero in 2025 and equity remains sizable versus total assets, indicating reduced leverage and improved financial flexibility. That said, the capital structure has been inconsistent historically (e.g., extremely high leverage in 2023 driven by very low equity), which highlights dilution/recapitalization risk and balance sheet instability across the cycle.

Cash Flow

Cash generation is consistently weak, with operating cash flow negative every year shown (including 2025), indicating the business is not self-funding. Free cash flow has also been negative in most periods (notably 2024–2023–2022–2021–2020), increasing reliance on external capital. In 2025, free cash flow is listed as zero, but with operating cash flow still meaningfully negative, cash conversion remains a key concern.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.50M	12.08M	23.34M	74.05M	60.80M
Gross Profit	-25.63M	-1.47M	602.00K	10.15M	13.71M
EBITDA	-10.17M	97.37M	-82.97M	-26.78M	-133.34M
Net Income	-32.46M	65.33M	-96.65M	-82.50M	-154.09M
Balance Sheet
Total Assets	146.53M	170.46M	62.03M	171.25M	297.00M
Cash, Cash Equivalents and Short-Term Investments	1.41M	5.97M	1.38M	3.55M	13.97M
Total Debt	0.00	22.94M	42.75M	30.00M	46.14M
Total Liabilities	40.81M	32.60M	61.41M	73.05M	77.81M
Stockholders Equity	105.72M	137.86M	619.00K	98.20M	219.19M
Cash Flow
Free Cash Flow	0.00	-35.70M	-10.52M	-18.22M	-32.45M
Operating Cash Flow	-18.64M	-35.70M	-10.52M	-14.35M	-32.45M
Investing Cash Flow	-6.70M	59.36M	6.99M	-10.68M	-208.34M
Financing Cash Flow	20.78M	-19.07M	1.38M	14.61M	194.61M

SpectrumOne AB Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SPEONE, the sentiment is Positive. 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 0.19, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.09 is Neutral, neither overbought nor oversold. The STOCH value of 94.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	kr57.60M	26.39	―	―	―	―
COMPDM	52 Neutral	kr33.21M	-2.22	―	―	50.38%	10.68%
CHARGE	48 Neutral	kr67.58M	-3.11	―	―	―	―
ALBERT	46 Neutral	kr112.33M	-1.80	-76.48%	―	-8.60%	24.21%
MOBA	46 Neutral	kr16.90M	-0.27	―	―	―	―
SPEONE	45 Neutral	kr69.23M	-2.13	-32.53%	―	-57.04%	-161.67%