SpectrumOne AB (publ)

SPEONE.ST

Software - Application · Technology

Price

kr 0.14

-0.01 (-5.08%)

Market Cap

kr 52.4M

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

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Share count rising — dilution

+20.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 311.0M (2021) → 374.2M (2025)

Winston Score History

The full picture

SpectrumOne AB is a Swedish software company that helps businesses manage and protect their data. It focuses on data governance, privacy compliance, and secure communication tools, selling primarily to European companies that need to meet strict data protection rules like GDPR. The company operates in the growing market for enterprise data management software.

SpectrumOne makes money by selling software licenses and subscription-based services to business customers. It is a small company, headquartered in Sweden, with operations mainly across Europe and a market cap of roughly $100 million. The company is not yet profitable — its deeply negative gross margin signals it is spending far more than it earns, which is the central risk investors face. The key question is whether SpectrumOne can scale its customer base fast enough to reach sustainable unit economics before it needs to raise additional capital.

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

-77.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-391.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

kr 0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

29.3%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

~8 months

kr 63M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

SpectrumOne 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

-740.8%

Thin — -740.8% gross margin

Profit after running costs

Operating Margin

-740.8%

Losing money on operations — -740.8%

Return on the money invested

ROCE

-3.1%

Weak — -3.1% 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

-66.5%

Shrinking sales (-66.5% YoY)

Profit growth

EPS YoY

-205.7%

Earnings shrinking (-205.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-2228.7%

Burning cash (-2228.7%)

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

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

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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