Redeye - Sustained progress from Anoto

It was not so much the figures in the Q1 report that impressed us, as the revenue of SEK 43 million and the EBIT loss of SEK -13.4 million was both in line with our estimates. The report was more of a summary of Anoto’s and CEO Stein Revelsbys sustained progress. 4 orders of in total SEK 59 million has been received, although with low margins. The orders are from different countries and for various applications, which is promising.

We have revised our short and long-term estimates following the strong order intake in Education and Business Solutions and the promising outlook for especially we-inspire, Panasonic and interactive displays. Our new fair value is SEK 401 million. The coming announcement, in Q2, regarding the outcome of the OEM negotiations (although already accounted for in our valuation) will be a major catalyst for the share. Read the analysis below.

The full analysis in PDF-format: http://korta.nu/YS6

This is a press reslease from Redeye. Read more analysis at www.redeye.se. 

About Us

Anoto Group AB is a Swedish hi-tech company with unique solutions for transmission of handwritten text from paper to digital media and scanning of printed text. All products are based on digital camera technology and image processing in real time. The Anoto Group today has two brand names: Anoto® – a comprehensive solution entailing paper, pen and server technologies, allowing us to connect all types of writing paper with the digital world and C-Pen® – a scanning pen that can store, interpret and transfer printed text. The Anoto Group has around 100 employees, offices in Lund (head office), Stockholm, Boston and Tokyo. Major shareholders are Ericsson, Logitech International S/A, Robur and DNB. The Anoto share is traded on the O-list of Stockholmsbörsen (Stockholm Stock Exchange) under the ticker ANOT. For more information: www.anotogroup.com

Subscribe