AppSpotr AB (SPOTR) AI Stock Analysis

• Market Cap: kr11.65M
• Dividend Yield: N/A
• Average Volume (3M): 1.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• Revenue Growth: 48.57%
• EPS Growth: -22.35%
• Country: SE
• Employees: 25
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -2.59
• Shares Outstanding: 1,207,220
• 10 Day Avg. Volume: 1,275
• 30 Day Avg. Volume: 1,753
• PEG Ratio: 1.13
• Price to Book (P/B): 49.50
• Price to Sales (P/S): 191.21
• P/FCF Ratio: -43.33
• 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: 39 Underperform
• Price Target: kr8.50 ▼(-33.59% Downside)

AppSpotr AB's overall stock score is low due to significant financial instability, bearish technical indicators, and poor valuation metrics. The company faces ongoing losses, cash burn, and weak market momentum, which are major concerns for investors.

Positive Factors

Subscription-Based Revenue Model

The subscription-based model provides a steady and predictable revenue stream, enhancing financial stability and allowing for scalable growth as the customer base expands.

Strategic Partnerships

Partnerships with other technology firms can lead to product enhancements and broader market access, supporting long-term growth and competitive positioning.

SaaS Industry Position

Operating in the SaaS sector positions AppSpotr in a growing industry with high demand for digital solutions, providing opportunities for sustained business expansion.

Negative Factors

Negative Cash Flow

Negative cash flow indicates ongoing cash burn, which can threaten liquidity and limit the company's ability to invest in growth or weather financial downturns.

Leverage Concerns

High leverage can increase financial risk, as debt servicing obligations may strain cash flows and reduce financial flexibility, impacting long-term stability.

Negative Profit Margins

Negative profit margins highlight inefficiencies and ongoing operational losses, which can undermine financial health and hinder the company's ability to achieve profitability.

AppSpotr AB Business Overview & Revenue Model

Company Description

Spotr Group AB, an IT company, develops, markets, and sells software solutions for the development of mobile applications in Sweden. It operates Appspotr 3 platform that offers services related to design, content, and publication. The company was formerly known as AppSpotr AB (publ) and changed its name to Spotr Group AB in June 2025. The company was incorporated in 2006 and is headquartered in Gothenburg, Sweden.

How the Company Makes Money

AppSpotr AB generates revenue primarily through its subscription-based model, where users pay for access to its app development platform. The company offers various pricing tiers that provide different levels of features and capabilities, allowing customers to choose a plan that suits their needs. Additionally, AppSpotr may generate revenue through premium services, such as custom app development and consulting, as well as potential partnerships with other technology firms to integrate their services. These key revenue streams are complemented by strategic partnerships that can enhance the platform's capabilities and expand its market reach, contributing to the overall earnings of the company.

AppSpotr AB Financial Statement Overview

Summary

AppSpotr AB's financial health is concerning, with persistent losses and cash burn. The income statement shows significant challenges in revenue and profitability, with a negative gross profit margin. The balance sheet indicates a strong equity position but is heavily leveraged. Cash flow is negative, posing a risk to long-term liquidity.

Income Statement

AppSpotr AB has faced significant challenges in revenue and profitability. The gross profit margin remains negative, indicating that costs are exceeding revenues. Despite a minor revenue increase from 2023 to 2024, the net profit margin remains deeply negative due to substantial operational losses. These trends highlight ongoing financial instability.

Balance Sheet

The balance sheet shows a strong equity position with a high equity ratio, suggesting some stability. However, the company is heavily leveraged, as indicated by a high debt-to-equity ratio. Return on equity remains negative, reflecting consistent net losses. The company needs to improve profitability to leverage its equity position effectively.

Cash Flow

The cash flow statement reveals significant negative free cash flow, indicating that the company is burning cash. The operating cash flow to net income ratio is unfavorable due to ongoing losses, and despite positive financing inflows, the free cash flow situation hasn't improved, posing a risk to long-term liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.76M	5.13M	7.04M	7.87M	5.45M	7.04M
Gross Profit	-115.00K	-1.20M	-7.81M	6.36M	-29.25M	6.36M
EBITDA	-9.59M	-7.86M	-17.00M	-19.77M	-24.35M	-12.85M
Net Income	-12.58M	-9.31M	-21.50M	-25.36M	-29.32M	-18.54M
Balance Sheet
Total Assets	22.32M	23.67M	6.17M	17.91M	44.68M	24.13M
Cash, Cash Equivalents and Short-Term Investments	2.01M	5.60M	2.28M	8.74M	30.26M	7.16M
Total Debt	0.00	84.00K	917.00K	1.92M	0.00	3.94M
Total Liabilities	5.62M	3.85M	4.13M	6.16M	8.14M	10.35M
Stockholders Equity	16.69M	19.82M	2.04M	11.75M	36.54M	13.78M
Cash Flow
Free Cash Flow	-28.51M	-22.64M	-17.41M	-22.99M	-20.75M	-12.65M
Operating Cash Flow	-10.90M	-7.91M	-17.26M	-22.28M	-20.74M	-12.64M
Investing Cash Flow	-18.56M	-15.69M	-67.00K	-720.00K	-3.04M	-36.00K
Financing Cash Flow	30.57M	26.91M	10.87M	1.48M	46.88M	11.35M

AppSpotr AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.80
• 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:SPOTR, the sentiment is Negative. The current price of 12.8 is above the 20-day moving average (MA) of 9.91, above the 50-day MA of 10.97, and below the 200-day MA of 159.29, indicating a bearish trend. The MACD of -0.26 indicates Negative momentum. The RSI at 42.07 is Neutral, neither overbought nor oversold. The STOCH value of 48.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SPOTR.

AppSpotr 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	kr54.86M	47.53	―	―	―	―
COMPDM	52 Neutral	kr28.91M	-2.09	―	―	50.38%	10.68%
LOYAL	47 Neutral	kr31.54M	-2.03	―	―	-4.44%	-14.29%
ALBERT	46 Neutral	kr130.67M	-1.83	-76.48%	―	-8.60%	24.21%
DIVIO.B	43 Neutral	kr40.75M	-3.98	―	―	―	―
SPOTR	39 Underperform	kr11.65M	-0.50	-177.14%	―	48.57%	-22.35%