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.

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