Resqunit AB (publ)
RESQ.ST
Stockholm Stock Exchange0.12
SEK
+0.04
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Resqunit AB (publ)
RESQ.ST
(Stockholm Stock Exchange)
Recent
price
0.12
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Resqunit AB (publ) is an ocean technology company specializing in the development and manufacture of innovative equipment designed to reduce the loss of fishing gear and mitigate environmental impact in the global fishing industry. Its core products include electronic release mechanisms such as the Electronic Time Release (ETR), backup buoy devices enabling the retrieval of lost gear, and sensor-based ocean data systems that enhance catch predictability and ocean knowledge. The company offers these solutions primarily for fishing traps and pots, targeting the prevention of ghost fishing and marine pollution. Resqunit's product portfolio is further enhanced by technology integrations planned for GPS positioning, theft notification, and seabed data harvesting, aiming to support new revenue streams like SaaS and PaaS services. Founded in 2017 and headquartered in Stockholm, Sweden, Resqunit operates primarily in Norway, Canada, and the United States, with ambitions to expand across key European markets. The company serves commercial fishermen and environmental stakeholders by providing affordable, user-friendly solutions to the estimated annual loss of 25 million fishing traps globally. Resqunit also engages in direct-to-consumer sales through its e-commerce platform, enabling broader market reach and enhanced profit margins. In recent major developments, Resqunit experienced the bankruptcy filing of its subsidiary Resqunit AS in 2024 due to operational and financial challenges, notably inflationary pressures affecting market demand. Following this, Resqunit AB refocused its efforts on core activities and strategic growth initiatives, including securing a conditional acquisition agreement with Bio Vitos Norge AS. This deal involves acquiring intellectual property rights and inventory related to Omega-3 North Norway products, alongside a financing arrangement to support the company’s expanded operations in health and life sciences investments. In 2025, the company announced a planned reverse acquisition of a Swedish financial services firm, leading to its delisting from Nasdaq First North and preparing for a relisting, likely on the Nordic Growth Market, with a strengthened financial position and strategic pivot towards diversified investments. These strategic changes mark Resqunit’s transition from solely ocean technology to broader ventures integrating health, life sciences, and financial investments, reflecting its commitment to long-term shareholder value creation. The company continues to prioritize innovative product launches, scaling production, and expanding market presence internationally while managing its financial stability through strategic partnerships and acquisitions. Resqunit AB remains listed under ticker RESQ.ST and maintains a focus on providing high-tech solutions that address both environmental challenges and commercial efficiency in the fishing sector. The company's ongoing vision includes advancing sustainable fishing practices through technology while diversifying business interests to secure future growth avenues.