Analyst Group: Analyst Group Comment on Irisity’s Q1 Report for 2025

In conclusion, Irisity’s Q1-25 performance reflected continued topline headwinds, a trend expected to persist over the coming quarters due to macroeconomic uncertainty and a weaker USD, which have contributed to delayed project deliveries.

Amid these challenges, the 39.4% Y-Y increase in collections helped partially offset pressure on operating cash flow and contributed to a more efficient working capital cycle. Additionally, the reduction in OPEX indicates effects from cost-saving initiatives, though Analyst Group argues that additional reductions may be necessary given the persistently challenging market conditions.

While recent regulatory changes are estimated to support future growth in the Security as a Service segment, the near-term impact remains uncertain. Against this backdrop, the ongoing rights issue is a critical measure to address liquidity constraints. Going forward, improved execution, cost control, and collection discipline will be key to navigating the current environment.

Read Analyst Group’s comment on the report here

About Analyst Group: One of Sweden's leading equity research boutiques with focus on small and medium-sized listed companies.
Read more about Analyst Group
 
This is a press release from Analyst Group regarding the publication of a comment on Irisity. Readers may assume that Analyst Group has received compensation for making the comment. The Company has not been given an opportunity to influence the parts where Analyst Group has had opinions about the Company, future valuation or anything else that could be considered a subjective assessment.