Bittium Corporation

Bittium Corporation

34.45
EUR
-0.60
(-1.71%)
Feb 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.54
0.4
0.49
1.8
1.45
1.76
2.11
2.2
2.43
2.31
2.11
2.4
3.36
- -
Basic EPS, GAAP
0.24
0.1
4.71
0.1
-0.09
0.11
0.21
0.06
0.09
0.01
-0.15
0.2
0.6
- -
Free Cash Flow per Basic Share
0.22
0.01
-0.04
-0.28
-0.51
-0.57
-0.25
-0.25
- -
- -
-0.18
0.5
0.2
- -
Dividend per Share
0.12
0.02
0.05
0.3
0.3
0.3
0.15
- -
0.07
0.04
0.05
0.06
0.1
- -
Book Value per Share
0.63
0.71
3.86
3.66
3.27
3.08
3.15
3.2
3.27
3.24
3.03
3.18
3.68
3.33
Tangible Book Value per Share
0.36
0.43
3.61
3.21
2.69
2.09
1.81
1.67
1.71
1.68
1.42
1.58
2.25
2.84
Basic Weighted Avg Shares
130
131
115
36
36
36
36
36
36
36
36
35
36
36
Sales/Revenue/Turnover
199
53
57
64
52
63
75
78
87
82
75
85
119
- -
Operating Margin (%)
4.09
1.49
4.06
3.96
-12.09
4.36
8.22
2.61
3.81
0.64
-5.85
11.08
16.48
- -
Depreciation Expense
9
9
6
3
4
5
8
11
10
11
9
9
13
- -
Net Income, GAAP
31
13
541
4
-3
4
8
2
3
- -
-5
7
21
- -
Effective Tax Rate (%)
7.89
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.6
- -
- -
Profit Margin (%)
15.53
23.74
952.82
5.46
-6.02
6.4
10.16
2.78
3.83
0.31
-7.22
8.53
17.89
- -
Working Capital
42
52
125
103
71
46
54
50
52
52
25
48
64
82
LT Debt
3
4
1
2
- -
1
21
21
21
21
1
18
17
1
Total Equity
82
93
138
131
117
110
112
114
117
116
108
113
131
119
Return on Invested Capital (%)
8.77
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.44
- -
- -
Return on Capital (%)
36.77
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.5
- -
- -
Return on Common Equity (%)
42.62
14.29
468.7
2.61
-2.51
3.55
6.88
1.93
2.88
0.22
-4.86
6.59
17.52
- -

Capital Structure

EUR

•

in mil. unless spec.
Sep'16
Dec'16
Jun'17
ST Debt
1
1
1
LT Borrowings
- -
1
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
36
36
Market Capitalization
- -
- -
- -

Working Capital

EUR

•

in mil. unless spec.
Sep'16
Dec'16
Jun'17
Total Current Assets
125
123
100
Cash, Cash Equivalents & STI
106
95
73
Accounts Receivable, Net
16
18
21
Inventories
3
4
6
Total Current Liabilities
14
20
18
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.25%
3.02%
15.96%
Free Cash Flow
2,447.15%
4,864.43%
-60.66%
Net Income, GAAP
-282.58%
-465.35%
193.66%
Sales/Revenue/Turnover
8.93%
10.05%
40.06%
Total Cash Common Dividend
- -
- -
66.7%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
33
85
2025
- -
54
119
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
0.16
0.2
2025
- -
0.49
0.6
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.06
2025
- -
- -
0.1
2026
- -
- -
- -

Company Description

CEO
Petri Toljamo
Full Time Employees
528
Sector
Technology services
Industry
Information technology services
Address
Ritaharjuntie 1 Oulu NO Finland 90590
IPO Date
May 31, 2002
Business
Bittium Oyj develops reliable and secure communications and connectivity solutions leveraging over 40 years of expertise in advanced radio communication technologies; it provides innovative products and services, customized solutions based on its product platforms, and R&D services for customers in defense, security, public safety, telecommunications, Internet of Things, and healthcare industries. The company offers tactical communications systems including Tough SDR software-defined radios, TAC WIN Smart Link 360 waveform functionality, and wireless IP networks; secure mobile devices such as the Bittium Tough Mobile 3 5G smartphone with quantum-secure features; information security solutions for mobile devices and portable computers; biosignal measuring products for cardiology and neurophysiology like Bittium Faros, HolterPlus, Respiro home sleep apnea testing, ECG electrodes, and cardiac monitoring tools; and engineering services specializing in embedded AI, secure connectivity, and high-end product development. Founded in 1985 and headquartered in Oulu, Finland, Bittium operates primarily in Europe, the United States, and Asia, with subsidiaries including Bittium Wireless Ltd; it lists on Nasdaq Helsinki under ticker BITTI.HE and reports net sales of EUR 85.2 million and operating profit of EUR 8.6 million for 2024. Recent developments include launching the Bittium Tough Mobile 3 secure phone and entering a strategic partnership with HMD Secure Oy for its platform and licensing security features; signing a Letter of Intent with Indra Group for software-defined radio technology collaboration and a long-term partnership agreement between Bittium Wireless Ltd and the Finnish Defence Forces through 2036; acquiring a 25% stake in MarshallAI to enhance AI capabilities across defense and medical segments; receiving CE approval for Bittium Respiro sleep apnea solution; updating long-term financial targets to 20-30% annual revenue growth and 10-20% operating profit margins through 2026-2028 with refined strategy emphasizing international expansion, AI integration, and inorganic growth opportunities; and opening a London office to bolster UK sales including with BAE Systems.