TerraNet (TERRNT)

Business description

TerraNet is an early commercialisation-stage software company with expertise in peer-to-peer communications. Its products encompass chip integration software, IoT, including connected cars and headsets, multimedia streaming, and GriDD, an innovative data capacity trading product.

Stock data

Market cap.SEK117.6m
Last closeSEK11.77
High / Low (52 weeks)SEK39.2 / SEK11.4
Stock market listingOMX
Forecast net cash (SEKm)54.3
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(17.1)(25.5)N/A
Relative *(12.9)(23.2)N/A

* % Relative to local index

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Company news

Nasdaq Stockholm Welcomes TerraNet to First North Premier

Tue, 30 May 2017 08:15:00 GMT

INEOS Styrolution India Ltd.

Thu, 10 Sep 2015 15:53:43 GMT

Y/E Dec Revenue (SEKm) EBITDA (SEKm) PBT (SEKm) EPS (öre) P/E (x) P/CF (x)
2015A 0.4 (17.2) (18.0) (239.82) N/A N/A
2016A 2.7 (25.0) (37.6) (321.66) N/A N/A
2017E 6.5 (58.3) (65.4) (346.38) N/A N/A
2018E 39.7 (70.7) (75.7) (315.77) N/A N/A

Last updated on 17/01/2018

Investment summary

TerraNet is a proximity networking software company with initiatives across a number of key applications including software for contextual awareness in mobile phones, connected car technology, audio headsets, internet of things (IoT), offline V2V communication, multimedia video streaming, mHealth and trading surplus mobile data capacity (GriDD). The company has attracted a number of leading global firms to its propositions including Qualcomm, Autoliv, 3M Peltor, Saab, IBM and Orange. Most recently, TerraNet won a contract to develop LTE-based active safety applications for autonomous vehicles. Successful execution across any one of these applications should drive strong growth, but as the company’s products are still very early stage, investment is high risk. Net cash was SEK74.4m at the end of September.

Last updated on 02/02/2018

Industry outlook

TerraNet’s management has created a number of prospective and unique use cases for its technologies across a wide number of industries. TerraNet's Wi-Fi Aware and other wireless solutions also tap into fast-growing demand for IoT and V2V communication solutions, as well as the rapidly developing area of mHealth.

Last updated on 02/02/2018

Key management

Pär-Olof Johannesson , CEO

Company address

IDEON Science Park, Beta 6
Lund
223 70
Sweden
+46 46 286 34 90
View website