ANOTNasdaq StockholmTechnologyIFRS · SEK

Anoto Group

Anoto Group AB is a Swedish technology company, known for inventing the digital pen and dot pattern technology. The company develops intelligent pens, paper, and software that bridge handwritten input with the digital world. Anoto operates through two main segments: Retail Products, which includes products like inq and Livescribe, and Enterprise Solutions, offering workflow solutions for businesses. Headquartered in Stockholm, Anoto is listed on Nasdaq Stockholm and employs around 36 full-time equivalents.

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Revenue22.4m SEK
−25.6 %y/y
Operating profit (EBIT)-58.4m SEK
+2.8 %y/y
EBIT margin-260.8%
−61.2 ppy/y
Net income-195m SEK
−249.3 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-100-50050100m SEK2021: 72 m SEK2021: EBIT -57 m SEK20212022: 69 m SEK2022: EBIT -47 m SEK20222023: 43 m SEK2023: EBIT -68 m SEK20232024: 30 m SEK2024: EBIT -60 m SEK20242025: 22 m SEK2025: EBIT -58 m SEK2025TTM 2026: EBIT -59 m SEKTTM-59
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
Retail Products60 %

Includes digital pens and smart notebooks sold under brands like Livescribe and inq.

Enterprise Solutions40 %

Offers digital workflow solutions and smartpen technology for businesses.

Customers

Anoto's customer base includes both individual consumers and enterprise clients. Retail consumers are attracted to products like Livescribe and inq for personal note-taking and digital writing needs. Enterprise clients, including those in healthcare, financial services, and public sectors, use Anoto's solutions to digitize handwritten data and improve workflow efficiency. The company's products are particularly appealing to industries that require compliance with strict regulatory standards. Anoto also targets educational institutions with its digital writing tools.

Retail Consumers

Purchase Livescribe and inq products for personal note-taking and digital writing.

Enterprise Clients

Use digital workflow solutions to enhance data collection and compliance.

Educational Institutions

Adopt digital writing tools for interactive and efficient learning.

Strategy

Anoto's strategic focus is on expanding its product distribution and increasing recurring revenue streams. The company is enhancing its visibility in retail distribution, particularly through online platforms like Amazon. Anoto is also refining its enterprise solutions to ensure seamless integration and compliance with industry standards. The company aims to transition pilot projects into full-scale deployments, particularly in regulated industries. Additionally, Anoto is phasing out older products to focus on its new flagship inq platform.

Expand distribution channelsShort term

To reach a broader audience and increase sales.

Enhance enterprise solutionsMedium term

To improve integration and compliance for business clients.

Focus on inq platformLong term

To streamline product offerings and capitalize on new technology.

Geography

Anoto Group is headquartered in Stockholm, Sweden, and operates globally with significant markets in EMEA, the Americas, and APAC regions. The company has strengthened its distribution capacity in the USA through a dedicated center to better serve international customers. Anoto's products are available through various distribution channels, including online platforms like Amazon, which expands its reach to a broader B2C audience. The company also engages in strategic partnerships to enhance its presence in selected global markets.

Risks

Anoto faces liquidity and financing risks, as recent funding rounds have not fully alleviated financial constraints. The company is dependent on achieving significant revenue growth to maintain financial stability. Delays in product launches or market adoption could necessitate additional financing, which may not be available on favorable terms. Additionally, macroeconomic and geopolitical factors pose risks to operations, particularly in volatile regions. Anoto's reliance on digital technology also exposes it to cybersecurity threats.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Liquidity risk1Market adoption delays2Geopolitical risks4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Liquidity riskImpact: CriticalLikelihood: High

    Constrained financial resources and need for revenue growth.

  2. Market adoption delaysImpact: HighLikelihood: High

    Could require additional financing on unfavorable terms.

  3. Cybersecurity threatsImpact: High

    Reliance on digital technology increases exposure.

  4. Geopolitical risksImpact: MediumLikelihood: Medium

    Operations in volatile regions may be impacted.

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Accounting

Judgemental items
Revenue recognition timing

Impacts financial results during product transitions.

Impact: high

Convertible debt accounting

Introduces complexities in financial instrument reporting.

Impact: medium

Estimates and provisions

Affect enterprise contracts and product warranties.

Impact: medium

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Last updated: 24/09/2026

Anoto Group (ANOT) Revenue, Earnings & Financials 2025 – Clarifo