Analyst Group

Equity Research Report on Irisity - Growth Returns

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Positiv

Sammanfattning

Irisity visar 12% FX-justerad tillväxt och 30% OPEX-reduktion i Q1-26, vilket är ett steg mot lönsamhet. En order på 1,0 miljoner USD har vunnits. En värdering på 0,31 SEK per aktie estimeras i bas-scenariot.

Analys

Bolaget levererar tillväxt och kostnadsbesparingar, vilket indikerar en positiv utveckling mot lönsamhet. En ny order på 1,0 miljoner USD stärker bilden av en fungerande go-to-market-strategi. Den estimerade värderingen per aktie har ökat, vilket är positivt för befintliga aktieägare. Full effekt av kostnadsbesparingar förväntas under Q2-26.

Nyckeltal

FX-justerad tillväxt Q1-26
12%
OPEX-reduktion
30%
Ny order
1,0 miljoner USD
Estimerad nettosättning 2026
99,4 MSEK
Potentiellt nuvärde per aktie (Base scenario)
0,31 (0,24) SEK

Insikter

  • • Bolaget visar tydlig rörelse mot lönsamhet genom tillväxt och kostnadskontroll.
  • • Den partnerdrivna strategin verkar ge resultat med nya kontrakt.
  • • Analytikerns värdering per aktie har uppjusterats.

Irisity AB (”Irisity” or ”the Company”) is a leading provider of AI-driven video analytics solutions, transforming traditional security cameras into intelligent detection systems. Operating in over 90 countries, the Company serves a global market across three core segments: AI Solutions, AI Products, and AI SaaS. With 12% FX-adjusted growth delivered alongside a 30% OPEX reduction, Q1-26 marks another step toward profitability. With the full streamlining effect set to materialize in Q2-26, and clear momentum in the partner-driven go-to-market evidenced by the USD 1.0m airport contract won in April, Irisity is steadily building the foundation for profitable growth. Estimated net sales for 2026 stands at SEK 99.4m, and by applying an EV/S-multiple of 1.5x, a potential present value of SEK 0.31 (0.24) per share is derived in a Base scenario.

Irisity AB (”Irisity” or ”the Company”) is a leading provider of AI-driven video analytics solutions, transforming traditional security cameras into intelligent detection systems. Operating in over 90 countries, the Company serves a global market across three core segments: AI Solutions, AI Products, and AI SaaS. With 12% FX-adjusted growth delivered alongside a 30% OPEX reduction, Q1-26 marks another step toward profitability. With the full streamlining effect set to materialize in Q2-26, and clear momentum in the partner-driven go-to-market evidenced by the USD 1.0m airport contract won in April, Irisity is steadily building the foundation for profitable growth. Estimated net sales for 2026 stands at SEK 99.4m, and by applying an EV/S-multiple of 1.5x, a potential present value of SEK 0.31 (0.24) per share is derived in a Base scenario.

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This is a press release from Analyst Group regarding the publication of an analysis on Irisity. Readers may assume that Analyst Group has received compensation for making the commentary. The Company has not been given an opportunity to influence the parts where Analyst Group has had opinions about the Company, future valuation or anything else that could be considered a subjective assessment.