Advenica AB

Advenica AB

SSTO:ADVE
17.64
SEK
+0.64
(+3.76%)
0.04EPS
556.08P/E
867.40MMarket Cap
Oct 23Next 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
2.62
2.53
3.58
3.71
3.77
3.28
3.34
2.49
2.74
2.94
3.26
3.69
4.62
4.47
Basic EPS, GAAP
-0.5
-0.65
-0.2
-1.24
-1.62
-2.65
-1.91
-0.59
-0.46
-0.05
-0.09
0.18
0.38
0.04
Free Cash Flow per Basic Share
-2.03
-1.91
-1.74
-0.21
-0.57
-2.24
-0.68
-0.16
-1.04
0.56
-0.1
0.98
-0.23
-0.04
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.09
0.23
Book Value per Share
3.7
6.61
6.42
5.22
5.12
2.47
1.01
0.9
1.06
2.22
2.13
2.31
2.6
2.26
Tangible Book Value per Share
1.41
3.8
2.61
2.17
3
0.67
-0.04
0.14
0.42
1.78
1.78
1.9
2.14
1.8
Basic Weighted Avg Shares
11
15
15
14
17
18
23
34
37
40
46
44
44
44
Sales/Revenue/Turnover
30
38
54
54
62
59
76
84
101
118
149
162
203
197
Operating Margin (%)
-23.9
-30.97
-6.63
-35.8
-53.55
-81.68
-32.71
-22.06
-16.57
-1.59
-3.64
3.71
9.21
0.32
Depreciation Expense
2
4
5
12
8
7
6
6
8
- -
13
14
15
- -
Net Income, GAAP
-6
-10
-3
-18
-27
-48
-43
-20
-17
-2
-4
8
17
2
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.33
- -
Profit Margin (%)
-18.9
-25.67
-5.47
-33.34
-42.9
-80.89
-56.96
-23.7
-16.8
-1.68
-2.76
4.96
8.15
0.79
Working Capital
13
51
33
22
37
- -
-4
1
12
73
69
73
87
73
LT Debt
- -
- -
- -
- -
- -
5
10
12
12
9
22
13
7
4
Total Equity
43
99
96
78
93
45
26
30
40
98
94
102
114
99
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
12.71
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
13.69
- -
Return on Common Equity (%)
-14.08
-13.77
-3
-20.49
-31.35
-69.89
-122.66
-71.42
-48.59
-2.89
-4.3
8.24
15.34
1.48

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7
7
7
LT Borrowings
- -
- -
- -
LT Finance Leases
7
6
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
44
44
44
Market Capitalization
867
628
867

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
161
143
156
Cash, Cash Equivalents & STI
97
81
79
Accounts Receivable, Net
35
17
43
Inventories
16
20
21
Total Current Liabilities
74
59
83
Payables & Accruals
- -
- -
- -
ST Debt
7
7
7
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.83%
38.77%
12.63%
Free Cash Flow
-52.95%
-170.43%
-123.53%
Net Income, GAAP
38.89%
-37.17%
105.88%
Sales/Revenue/Turnover
14.75%
19.4%
25.36%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
33
48
32
50
162
2025
58
60
- -
51
203
2026
39
47
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
0.12
-0.07
0.15
0.18
2025
0.21
0.24
- -
-0.01
0.38
2026
-0.06
-0.15
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
0.09
- -
- -
0.09
2026
- -
0.14
- -
- -
- -

Company Description

CEO
Marie Bengtsson
Full Time Employees
118
Sector
Technology services
Industry
Information technology services
Address
Roskildevägen 1B Malmö SN Sweden 211 47
IPO Date
Sep 18, 2014
Business
Advenica AB (publ) develops and sells high-assurance cybersecurity solutions focused on encryption and network segmentation for defense, authorities, critical infrastructure, and industrial sectors; its core products include cross-domain solutions such as SecuriCDS Data Diode for unidirectional network information exchange, ZoneGuard gateway for controlled two-way filtered data flow with policy enforcement, SecuriRAM self-erasing USB drive for secure limited information transport, and File Security Screener for malware-scanned cross-domain file transfers; network encryptors encompassing SecureiVPN quantum-secure IP encryption system for tactical and strategic operations and SecuriConnect VPN for long-term communication privacy; secure machine connection solutions, remote access devices, and data guards; as well as services including risk and security analysis, customized solution development, penetration testing for embedded systems, networks, and applications, Advenica Academy training, and managed security services. The company, founded in 1993 and headquartered in Malmö, Sweden, operates primarily in Sweden, Finland, Austria, and internationally, with most products designed, developed, and manufactured in Sweden to meet the highest EU and national security approvals for classified information up to Top Secret levels. Recent developments include a July 2025 order worth 31.5 MSEK from a Swedish authority for encryption products with delivery through 2028, a 58.8 MSEK crypto products order from another Swedish authority, a 25 MSEK order for crypto product development, and a October 2025 1.2 MSEK ZoneGuard order, alongside the launch of the compact DD500E data diode for industrial one-way data transfers.