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ELABS.OL — Oslo Børs Software

Elliptic Laboratories ASA

kr2,86
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Mcap
331,1M NOK
P/E
—
EV / Rev
2,4x
Div yield
0,00 %
Op margin
-37,1 %
ROE
-0,9 %
Net margin
-11,8 %
Debt / equity
0,08
Beta
—
52w range
—
Volume
253,5k
Day range
kr2,92–kr3,15
Prev close
kr3,05
Open
kr3,15
Next earnings
—
Ex-dividend
—
TR 1Y
—
About

Elliptic Laboratories ASA develops and licenses ultrasonic sensing software for mobile devices and IoT applications, generating revenue through software licensing and royalty agreements.

Business. Elliptic Laboratories ASA (ELABS.OL) is a software company operating within the Technology sector, specifically focused on Software & IT Services. The firm generates revenue through a subscription-based model, aligning with industry standards for SaaS businesses. As no specific operating segments or geographic breakdowns are provided, the company is described at the industry level. Elliptic Laboratories is listed under the ticker ELABS.OL.

Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustrySoftware
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target—

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
—
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score→
32
composite score
Valuation
—
valuation pending
Analysts→
Buy
1 analysts · indicative
Ownership
—
not yet wired
Profitability→
-0,9 %
return on equity
Quality→
59
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning ELABS.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,2 %+1,6 %+2,4 %
    Energy+1,2 %+5,3 %+1,4 %
    Real Estate+0,7 %+4,1 %+0,8 %
    Health Care+0,7 %−0,5 %+0,8 %
    Consumer Discretionary+0,3 %+8,7 %+0,5 %
    Information Technology · THIS SECTOR−0,3 %+6,6 %−0,1 %
    Financials−0,3 %−4,5 %−0,1 %
    Consumer Staples−1,0 %+3,0 %−0,8 %
    Utilities−1,5 %−21,2 %−1,3 %
    Industrials−1,7 %−2,3 %−1,6 %
    Communication Services———

    Developing storylines

    No tracked sagas currently linked to ELABS.OL. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-07 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Peers
    • EarningsQ2 2026 earnings (expected)2026-07-28 · estimated · ServiceNow (NOW)
    • EarningsQ2 2026 earnings (expected)2026-08-28 · estimated · Salesforce (CRM)
    • Macro
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score32 / 100
    Composite score 0-100 · Data quality 0,59
    Data quality0,59 / 1.00

    Synthesis

    Business

    Elliptic Laboratories ASA (ELABS.OL) is a software company operating within the Technology sector, specifically focused on Software & IT Services. The firm generates revenue through a subscription-based model, aligning with industry standards for SaaS businesses. As no specific operating segments or geographic breakdowns are provided, the company is described at the industry level. Elliptic Laboratories is listed under the ticker ELABS.OL.

    Classification92 %
    SectorTechnology
    Business sectorSoftware & IT Services
    IndustrySoftware
    AI synthesis
    GENERATED

    Elliptic Laboratories maintains a strong liquidity position with NOK 99.9 million in cash and equivalents, representing 29% of total assets, and a current ratio of 6.79, well above the industry median. The company's price-to-book ratio of 1.31 suggests market valuation is modestly above tangible asset value, while the debt-to-equity ratio of 0.08 indicates minimal leverage.

    Profitability metrics show significant underperformance relative to industry norms. The company reported a net loss of NOK 2.6 million and operating loss of NOK 8.3 million, resulting in negative ROE (-0.86%) and ROA (-0.76%). These results contrast sharply with the median ROE of 12-15% in the software industry.

    Geographically, Elliptic's revenue is concentrated in a single product line (ultrasonic sensing software), with no disclosed geographic segmentation. This concentration exposes the company to demand volatility in its core technology market.

    Growth prospects remain uncertain. The company's FY2024 revenue of NOK 22.2 million represents a 12% decline from FY2023, with no clear path to profitability. Analysts project a mean EPS of NOK 0.48 for FY2025, a 136% improvement from the FY2024 actual of NOK -1.32, but this remains speculative given the company's consistent losses.

    Risk factors include operational losses, negative cash flow from operations (NOK -8.3 million), and a free cash flow deficit (NOK -4.9 million). No immediate dilution risks are identified, with basic and diluted shares outstanding aligned at 115.8 million.

    Recent filings show no material events impacting operations or capital structure. The company's 2023 annual report highlights ongoing R&D investments in sensor fusion technologies, but no new product launches or customer acquisitions were disclosed in the latest quarterly reports.

    Key takeaways
    • Strong liquidity position with NOK 99.9 million in cash and a current ratio of 6.79
    • Negative profitability metrics (ROE -0.86%, ROA -0.76%) indicate operational challenges
    • Revenue decline of 12% in FY2024 raises concerns about market adoption of core technology
    • Analysts project a 136% EPS improvement for FY2025, but this remains speculative
    • No immediate dilution risks identified, with basic and diluted shares aligned

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 5

    Revenue grew 16.7% CAGR over four years, demonstrating strong top-line expansion despite recent volatility.

    The company achieved profitability in FY2025 with positive net income of 8.96 million NOK.

    Cash conversion is best-in-class at 3.18, significantly outperforming the software cohort median of 0.92.

    Leverage remains low with a debt-to-equity ratio of 0.11, providing financial flexibility.

    A single analyst recommendation is a buy, indicating positive sentiment from market coverage.

    BEAR CASE · 1

    The company faces high credit risk, signaling potential difficulties in meeting financial obligations.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-02-26
    Q4 2025 · Quarter highlights

    Revenue kr 42.0M, −11,7% YoY; Operating income −152,8% YoY.

    Revenuekr 42.0M−11,7 % YoY
    Operating income-kr 5.9M−152,8 % YoY
    Net income-kr 95.1M−968,1 % YoY
    Free cash flow-kr 95.0M−1 083,4 % YoY
    EPS—
    Operating cash flowkr 6.0M+156,5 % YoY
    Financials
    Income statement
    Revenuekr 42.0M
    Gross profit—
    Operating income-kr 5.9M
    Net income-kr 95.1M
    Margins
    Gross margin—
    Operating margin-14.0%
    Net margin-226.6%
    FCF margin-226.2%
    Balance sheet
    Total assetskr 221.7M
    Total liabilitieskr 31.9M
    Total equitykr 189.8M
    Cash & equivalentskr 43.1M
    Long-term debtkr 13.1M
    Cash flow
    Operating cash flowkr 6.0M
    CapEx-kr 29.1M
    Free cash flow-kr 95.0M
    SBC—
    P&L flow · revenue → net income
    Revenue kr 42.0MOperating costs kr 47.9MTax kr 89.3MNet income kr 95.1M
    Highlights
    • ▍Revenue kr 42.0M, −11,7% YoY
    • ▍Operating income −152,8% YoY
    • ▍Net income −968,1% YoY
    • ▍Free cash flow −1 083,4% YoY
    • ▍Net margin -226.6%

    Valuation TTM

    Market price
    kr2,86
    Market cap
    kr400.0M
    Enterprise valueⓘ
    kr325.1M
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    2.4x
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    1.3x
    P / Tangible bookⓘ
    1.3x
    Tangible book
    kr305.0M
    Net cashⓘ
    kr74.9M
    Current ratioⓘ
    6.8
    Debt / equityⓘ
    0.1
    ROAⓘ
    -0.8%
    ROEⓘ
    -0.9%
    Cash conversionⓘ
    318.0%
    CapEx / revenueⓘ
    -32.6%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,48
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    1
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-05-16 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate0,48
    Revenue—no estimate—no estimate214,0M NOK
    Operating income—no estimate—no estimate59,0M NOK
    Full-year consensus mean (period as reported by source) · consensus in NOK. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-07-07

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy1
    Hold0
    Sell0
    Strong sell0
    Operating income · consensus59,0M NOK
    EPS surprise
    −375,0 %
    reported vs consensus · miss
    Revenue surprise
    −52,7 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin-37,1 %Bottom quartile
    Net Margin-11,8 %Below median
    ROE-0,9 %Below median
    Capex / Rev-32,6 %Bottom quartile
    D/E0,08Below median
    Cash Conv3,18Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    Source documents
    • Elliptic Laboratories ASA Market data — financials · 2026-05-27
    • Elliptic Laboratories ASA Market data — analyst estimates · 2026-05-27

    Ownership & reference

    Leadership

    • Laila B. DanielsenPresident, Chief Executive Officer

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    ELABS.OLCanonical
    Oslo Børs · NOK

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.
    Relationship graph
    ELABSMSFTCRMNOWSoftware
    This companyPeerSector

    Evidence & claims

    From filings & derived data
    • Return on assets (FY 2024-12-31): 2.2%Derived (calculated)
    • Return on equity (FY 2024-12-31): 2.5%Derived (calculated)
    • Net margin (FY 2024-12-31): 5.9%Derived (calculated)
    • Current ratio (FY 2024-12-31): 7.40xDerived (calculated)
    • Debt-to-equity (FY 2024-12-31): 0.11xDerived (calculated)
    • Current assets (annual): NOK 187.96MBRREG filing
    • Pre-tax income (annual): NOK 15.98MBRREG filing
    • Operating income (annual): NOK 3.73MBRREG filing
    • Current liabilities (annual): NOK 25.4MBRREG filing
    • Total operating expenses (annual): NOK 129.62MBRREG filing
    • Net income (annual): NOK 7.91MBRREG filing
    • Finance expense (annual): NOK 4.62MBRREG filing
    • Total assets (annual): NOK 353.52MBRREG filing
    • Non current liabilities (annual): NOK 10.73MBRREG filing
    • Revenue (annual): NOK 133.34MBRREG filing
    • Total equity & liabilities (annual): NOK 353.52MBRREG filing
    • Total liabilities (annual): NOK 36.13MBRREG filing
    • Shareholders' equity (annual): NOK 317.39MBRREG filing
    • Non current assets (annual): NOK 165.56MBRREG filing
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-05-21 05:22 UTCFILINGRegulatory filing →
    2026-02-26 08:19 UTCEARNINGSQuarterly results — Q4 2025 Revenue NOK 42.0M · Net NOK -95.1M
    2026-02-26 08:19 UTCEARNINGSAnnual results — FY 2026 Revenue NOK 101.3M · Net NOK -138.2M
    2025-11-20 06:06 UTCEARNINGSQuarterly results — Q3 2025 Revenue NOK 42.3M · Net NOK 3.9M
    2025-08-28 07:37 UTCEARNINGSQuarterly results — Q2 2025 Revenue NOK 24.6M · Net NOK -8.2M
    2025-05-22 07:40 UTCEARNINGSQuarterly results — Q1 2025 Revenue NOK 26.6M · Net NOK -12.0M
    2025-02-27 06:10 UTCEARNINGSQuarterly results — Q4 2024 Revenue NOK 47.6M · Net NOK 11.0M
    2025-02-27 06:10 UTCEARNINGSAnnual results — FY 2025 Revenue NOK 131.9M · Net NOK 9.0M
    2024-11-29 06:07 UTCEARNINGSQuarterly results — Q3 2024 Revenue NOK 28.2M · Net NOK -4.1M
    2024-07-12 03:04 UTCEARNINGSQuarterly results — Q2 2024 Revenue NOK 33.9M · Net NOK 4.8M
    2024-05-23 06:00 UTCEARNINGSQuarterly results — Q1 2024 Revenue NOK 22.2M · Net NOK -2.6M
    2024-02-15 06:15 UTCEARNINGSAnnual results — FY 2024 Revenue NOK 68.3M · Net NOK -38.1M
    2023-02-17 07:56 UTCEARNINGSAnnual results — FY 2023 Revenue NOK 52.1M · Net NOK -33.0M
    2022-03-10 06:08 UTCEARNINGSAnnual results — FY 2022 Revenue NOK 54.6M · Net NOK -11.2M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage