Realfiction Holding AB (publ)

REALFI.ST

Computer Hardware · Technology

Exchange

Stockholm Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

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Winston Score History

The full picture

Realfiction Holding AB is a Swedish technology company that makes holographic display products. Its main product is the Dreamoc, a display case that creates 3D floating images without requiring special glasses. The company sells these displays to retailers, brands, and businesses that want eye-catching ways to show off products in stores or at events.

Realfiction earns money by selling its display hardware and related software to business customers, primarily in Europe. The company is small, with a market cap around $100 million, and it operates in a niche corner of the display technology market. The financial numbers show the company is spending far more than it earns, with deeply negative margins, which is a serious risk — it must either grow revenue significantly or find ways to cut costs to survive long-term.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-7.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+35.7% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

56.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 months

kr 11M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Realfiction Holding AB (publ) has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

60.7%

Premium pricing power — 60.7% gross margin

Profit after running costs

Operating Margin

-683.7%

Losing money on operations — -683.7%

Return on the money invested

ROCE

-43.3%

Weak — -43.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-76.4%

Shrinking sales (-76.4% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-416.9%

Burning cash (-416.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.31

Conservative — low debt load (0.31)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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