Sweden's Micro Systemation Q2 revenue rises on digital forensic solutions demand
Sweden's Micro Systemation Q2 revenue rises on digital forensic solutions demand
Overview
Sweden forensic tech firm's Q2 revenue rose 52% yr/yr
Co posted operating profit, and EPS improved to SEK 0.51 from a loss last year
Company cites strong demand for digital forensics, and recent contract win in Australia
Outlook
Company expects continued strong demand for digital forensic solutions, supported by structural market drivers
Company says macroeconomic uncertainty and administrative factors may affect timing of some procurement processes
Supplier changes may slow certain product upgrades during autumn but are expected to benefit customers long term
Result Drivers
STRONG MARKET DEMAND - Co said growth was underpinned by rising demand for digital forensic solutions due to increasing data volumes and complexity in cyber and crime-related activities
REGIONAL CONTRACT WINS - Co cited stable EMEA performance, growth in Latin America, and significant contracts in Canada and Australia as supporting results
PRODUCT DEVELOPMENT - Co said ongoing investment in product development, including a major product update and enhancements to XRY Pro, supported growth
Company press release: ID:nMFN5QWXc9
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS |
| SEK 0.51 |
|
Q2 Net Income |
| SEK 9.40 mln |
|
Q2 Adjusted Free Cash Flow |
| SEK 22.80 mln |
|
Q2 EBIT |
| SEK 12.60 mln |
|
Q2 EBIT Margin |
| 10.30% |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the office equipment peer group is "buy."
Wall Street's median 12-month price target for Micro Systemation AB (publ) is SEK86.00, about 4.6% above its July 15 closing price of SEK82.20
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 17 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Sweden's Micro Systemation Q2 revenue rises on digital forensic solutions demand