Ortoma AB

Ortoma AB operates with a capital structure that is entirely equity-funded, as evidenced by a debt-to-equity ratio of 0.0. The company's liquidity position is characterized by a current ratio of 3.12, indicating a strong short-term liquidity buffer relative to its current liabilities. However, the company's operating cash flow is negative at -6,364,870 SEK, and free cash flow is also negative at -6,540,980 SEK, suggesting that the company is not generating sufficient cash from operations to sustain its activities without external financing.

Profitability metrics are negative across the board. The company reported a net loss of -5,600,160 SEK, with a return on equity of -3.33% and a return on assets of -3.04%. These figures are significantly below the industry median for profitability metrics, indicating that Ortoma is underperforming relative to its peers in the Advanced Medical Equipment & Technology industry.

Geographically and segment-wise, the company's revenue is not disclosed by region or product line in the available data. However, the absence of segmental breakdowns suggests that Ortoma may be concentrated in a single geographic market or product offering, which could expose it to higher concentration risk. The company's growth trajectory is also unclear, as the available data does not provide a multi-year revenue history or forward-looking guidance.

The company's risk profile is marked by low liquidity and dilution risk, with no immediate filing-based flags detected. However, the negative operating and free cash flows suggest a potential need for future financing, which could lead to dilution if the company issues additional shares. The absence of long-term debt is a positive factor, but the company's reliance on equity financing could increase its cost of capital over time.

Recent events and filings do not provide specific details on Ortoma's strategic initiatives or operational changes. Analyst estimates suggest that the company is expected to continue reporting losses, with a mean EPS estimate of -1.02 SEK and a mean EBIT estimate of -39,000,000 SEK. These estimates indicate that the company is not expected to achieve profitability in the near term, and its revenue is projected to remain below analyst expectations.

Ortoma AB maintains zero long-term debt, providing a debt-to-equity ratio of 0.0 that exceeds the cohort median of 0.11.

The company's cash conversion metric of 1.14 ranks above the cohort median of 0.82, indicating superior operational efficiency.

Revenue growth trajectory shows an increase from 38.1 million SEK in FY2024 to 64.6 million SEK in FY2026.

Dilution and liquidity risks are assessed as low, suggesting stable capital structure and market access conditions.

Operating margin of -1.28 is significantly below the cohort median of -0.14, indicating severe profitability challenges relative to peers.

The company carries a high credit risk flag, signaling potential difficulties in meeting financial obligations or securing financing.

Net margin of -1.26 falls well below the cohort median of -0.16, reflecting persistent inability to generate net income.

Capex to revenue ratio of -0.90 places the company in the bottom quartile, suggesting inefficient capital deployment.

Revenue kr 4.7M, −72,7% YoY; Operating income −103,1% YoY.

• ▍Revenue kr 4.7M, −72,7% YoY
• ▍Operating income −103,1% YoY
• ▍Net income −111,0% YoY
• ▍Free cash flow −125,4% YoY
• ▍Net margin -471.5%

Revenue kr 2.4M, −75,5% YoY; Operating income −1 134,7% YoY.

• ▍Revenue kr 2.4M, −75,5% YoY
• ▍Operating income −1 134,7% YoY
• ▍Net income −1 463,3% YoY
• ▍Free cash flow −4 682,2% YoY
• ▍Net margin -600.5%

Revenue kr 18.8M, +7,3% YoY; Operating income −75,3% YoY.

• ▍Revenue kr 18.8M, +7,3% YoY
• ▍Operating income −75,3% YoY
• ▍Net income −76,8% YoY
• ▍Free cash flow −6,2% YoY
• ▍Net margin 6.7%

Revenue kr 38.7M, +772,0% YoY; Operating income +387,3% YoY.

• ▍Revenue kr 38.7M, +772,0% YoY
• ▍Operating income +387,3% YoY
• ▍Net income +391,1% YoY
• ▍Free cash flow +372,7% YoY
• ▍Net margin 42.1%

Revenue kr 17.3M; Operating income -kr 11.1M.

• ▍Revenue kr 17.3M
• ▍Operating income -kr 11.1M
• ▍Net margin -61.0%

Revenue kr 9.9M; Operating income -kr 1.2M.

• ▍Revenue kr 9.9M
• ▍Operating income -kr 1.2M
• ▍Net margin -9.4%

Revenue kr 17.5M; Operating income kr 5.1M.

• ▍Revenue kr 17.5M
• ▍Operating income kr 5.1M
• ▍Net margin 30.9%

Revenue kr 4.4M; Operating income -kr 5.7M.

• ▍Revenue kr 4.4M
• ▍Operating income -kr 5.7M
• ▍Net margin -126.1%

Revenue kr 64.6M, +31,6% YoY; Operating income −52,2% YoY.

• ▍Revenue kr 64.6M, +31,6% YoY
• ▍Operating income −52,2% YoY
• ▍Net income −65,0% YoY
• ▍Free cash flow +14,9% YoY
• ▍Net margin -29.7%

Revenue kr 49.1M, +28,8% YoY; Operating income +41,6% YoY.

• ▍Revenue kr 49.1M, +28,8% YoY
• ▍Operating income +41,6% YoY
• ▍Net income +46,8% YoY
• ▍Free cash flow +72,2% YoY
• ▍Net margin -23.7%

Revenue kr 38.1M; Operating income −46,7% YoY.

• ▍Revenue kr 38.1M
• ▍Operating income −46,7% YoY
• ▍Net income −38,9% YoY
• ▍Free cash flow −1,5% YoY
• ▍Net margin -57.3%