NTG—55

Nordic Technology Group AS

Entertainment ProductionVerified

Score breakdown

Sentiment+21Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion91AI synthesis40Observations3

NTG's capital structure shows a debt-to-equity ratio of 0.56, indicating a moderate reliance on debt financing [doc:HA-latest]. The company's liquidity position is weak, with a current ratio of 0.44 and negative free cash flow of -94.46 million NOK, suggesting challenges in meeting short-term obligations [doc:HA-latest]. Profitability metrics are concerning, with a return on equity of -1.66 and a return on assets of -0.55, both significantly below industry norms. The company reported a net loss of 181.91 million NOK, driven by an operating loss of 175.12 million NOK [doc:HA-latest]. NTG's revenue is concentrated across three business areas: sensor, nanomaterials, and clean tech. However, the financial snapshot does not provide segment-specific revenue figures, limiting visibility into geographic or product concentration [doc:HA-latest]. The company's growth trajectory is uncertain, with no outlook data provided for current or next fiscal years. The negative operating and free cash flows suggest operational inefficiencies and potential challenges in sustaining growth [doc:HA-latest]. NTG's risk profile includes medium liquidity risk and low dilution potential. The company's negative net cash position after subtracting total debt raises concerns about its ability to fund operations without external financing [doc:HA-latest]. Recent filings and transcripts are not provided in the input data, so no specific events can be cited to inform the company's recent performance or strategic direction [doc:HA-latest].

Profile

CompanyNordic Technology Group AS

TickerNTG.OL

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryEntertainment Production

AI analysis

Business. Nordic Technology Group AS (NTG) operates in the industrial technology sector, offering sensor, nanomaterials, and clean tech solutions to address societal challenges through electronics and software [doc:HA-latest].

Classification. NTG is classified under the Consumer Cyclicals economic sector, Cyclical Consumer Services business sector, and Entertainment Production industry with a confidence level of 0.92 [doc:verified market data].

Key takeaways

NTG is operating at a significant net loss, with a return on equity of -1.66 and a return on assets of -0.55.
The company's liquidity position is weak, with a current ratio of 0.44 and negative free cash flow.
NTG's capital structure shows a debt-to-equity ratio of 0.56, indicating moderate leverage.
The company's growth trajectory is unclear, with no outlook data provided for current or next fiscal years.
NTG's risk profile includes medium liquidity risk and low dilution potential.
--
## RATIONALES
```json

Financial snapshot

PeriodHA-latest

CurrencyNOK

Revenue$33.3M

Gross profit$41.7M

Operating income-$175.1M

Net income-$181.9M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$65.3M

CapEx—

Free cash flow-$94.5M

Total assets$333.3M

Total liabilities$223.9M

Total equity$109.4M

Cash & equivalents$3.8M

Long-term debt$60.9M

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$33.3M-$175.1M-$181.9M-$94.5M

FY-1$49.1M-$356.2M-$317.3M-$253.0M

FY-2$27.3M-$142.8M-$118.3M-$39.4M

FY-3$16.1M-$117.8M-$108.0M—

FY-4—-$2.2M-$2.2M—

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$333.3M$109.4M$3.8M—

FY-1$408.6M$206.1M$8.0M—

FY-2$659.1M$523.3M$10.1M—

FY-3$794.2M$641.6M$54.7M—

FY-4$1.6k-$2.2M$1.6k—

PeriodOCFCapExFCFSBC

FY0-$65.3M—-$94.5M—

FY-1-$71.3M-$733.0k-$253.0M—

FY-2-$88.5M-$9.5M-$39.4M—

FY-3-$39.7M-$2.5M——

FY-4————

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodOCFCapExFCFSBC

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$109.4M

Net cash-$57.1M

Current ratio0.4

Debt/Equity0.6

ROA-54.6%

ROE-1.7%

Cash conversion36.0%

CapEx/Revenue—

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Entertainment Production · cohort 1 companies

MetricNTGActivity

Op margin-525.2%11.3% medp25 8.1% · p75 14.5%bottom quartile

Net margin-545.6%3.0% medp25 2.5% · p75 3.6%bottom quartile

Gross margin125.1%32.2% medp25 15.8% · p75 61.2%top quartile

CapEx / revenue—4.2% medp25 4.2% · p75 4.2%

Debt / equity56.0%1454.2% medp25 776.9% · p75 2131.5%bottom quartile

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-03 10:07 UTC#c1a962fd

Source: analysis-pipeline (hybrid)Generated: 2026-05-03 10:08 UTCJob: 1696fccf