Analyst Group

Equity Research Report on Irisity - Leaner Structure in Place, Focus Turns to Top-Line Growth

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Positiv

Sammanfattning

Analytikerhuset Analyst Group har publicerat en analys av Irisity AB. Bolaget har genomfört ett omstruktureringsprogram under 2025 och har nu en mer partnerorienterad marknadsstrategi. En stabil ARR-bas på 52,8 MSEK finns på plats. Analytikerna förväntar sig att kostnadsbesparingar och ökad försäljning ska ge positiv operativ hävstång.

Analys

Irisity AB har genomfört en omstrukturering och fokuserar nu på tillväxt. En ny, mer partnerorienterad marknadsstrategi förväntas minska kundanskaffningskostnader och säljfönster. Med en ARR på 52,8 MSEK och förväntade kostnadsbesparingar finns en potential för ökad operativ hävstång. Analyst Group estimerar nettoförsäljning om 101 MSEK för 2026 och en potentiell aktievärdering om 0,24 SEK per aktie i ett basfall.

Insikter

  • • Analyst Group har mottagit ersättning för att producera denna analys.
  • • Irisity AB har inte haft möjlighet att påverka analysens subjektiva bedömningar.
  • • Analysen anger en potentiell aktievärdering om 0,24 SEK baserat på EV/S-multipel.

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. Following a year of transformation, Irisity enters 2026 as a leaner organization after finalizing the simplification program in Q4-25. Combined with a more partner-oriented go-to-market model, which lowers CAC and shortens the quote-to-cash cycle, and a solid ARR base of SEK 52.8m, the Company has established a stronger operational foundation for growth. Key catalysts include the realization of remaining cost reductions and a reacceleration in top-line growth, which together are expected to unlock the operating leverage embedded in the business model. Estimated net sales for 2026 stands at SEK 101m, and by applying an EV/S-multiple of 1.2x, a potential present value of SEK 0.24 (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. Following a year of transformation, Irisity enters 2026 as a leaner organization after finalizing the simplification program in Q4-25. Combined with a more partner-oriented go-to-market model, which lowers CAC and shortens the quote-to-cash cycle, and a solid ARR base of SEK 52.8m, the Company has established a stronger operational foundation for growth. Key catalysts include the realization of remaining cost reductions and a reacceleration in top-line growth, which together are expected to unlock the operating leverage embedded in the business model. Estimated net sales for 2026 stands at SEK 101m, and by applying an EV/S-multiple of 1.2x, a potential present value of SEK 0.24 (0.24) per share is derived in a Base scenario.

Read the equity research report here

About Analyst Group: One of Nordic’s leading analysis houses with a focus on small and medium-sized listed companies.Read more about Analyst GroupThis is a press release from Analyst Group regarding the publication of an equity research report on Irisity. Readers may assume that Analyst Group has received compensation for making the equity research report. 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.