Firefly Neuroscience, Inc

Firefly is a Swedish industrial safety company that designs and supplies preventive fire protection systems for machinery, process plants, and infrastructure. Its business combines proprietary detection and suppression products with project delivery, commissioning, service, spare parts, and long-term aftermarket support through subsidiaries in Poland, Italy, and the United States.

−760,4 %

56,5 %

−1 741,0 %

+957,4 %

1.43

1.39

— Firefly Neuroscience, Inc
%
Industrial fire protection systems55% Customized systems that detect and suppress ignition risks in process industries.
Infrastructure safety systems10% Fire and gas detection solutions for tunnels and other infrastructure assets.
Aftermarket service25% Commissioning, maintenance, training, inspections, and spare parts.
Detection products and components10% Proprietary flame, gas, and detection components sold as part of systems.

Firefly sells to industrial customers that need to protect machinery, process lines, and facilities from fire and dust...

  • Process industry OEMs and operatorsprimary

    Buy customized fire protection for production machinery and process plants to reduce ignition and explosion risk.

  • Large industrial groupsprimary

    Buy standardized safety solutions across multiple sites and geographies to protect global operations.

  • Infrastructure and tunnel operatorssecondary

    Buy fire and gas detection systems for tunnels, rail, road, and cable infrastructure.

  • Aftermarket and installed-base customersprimary

    Buy commissioning, maintenance, training, and spare parts to keep installed systems operating.

Firefly describes itself as a global business with customers in more than 90 countries and representation in most...

  • •Customers in more than 90 countries
  • •Headquarters and core operations in Sweden
  • •Wholly owned subsidiaries in Poland, Italy, and the United States
  • •International sales and service network supports local project delivery
  • •Global footprint reduces dependence on any single market

Firefly’s strategy is to broaden its customer base and product offering while strengthening its position in existing...

01
Broaden product and concept developmentmedium-term

New solutions create access to new applications and customer groups.

02
Expand sales reach and market shareshort-term

A wider customer base and stronger local presence support growth in existing markets.

03
Grow aftermarket and service capabilitymedium-term

Installed systems have long lives, creating recurring service and spare-part demand.

04
Strengthen organization and recruitmentshort-term

Technical sales and service delivery depend on skilled engineers and project staff.

Firefly’s main risks come from project execution, competition, supplier dependence, and the need to maintain technical...

high

Competitive pressure in industrial fire protection

Firefly competes with larger international players in detection and suppression.

Scope
Product innovation, pricing, and market share
Materiality
high
high

Service engineer recruitment and retention

Aftermarket growth depends on qualified engineers for commissioning and maintenance.

Scope
Aftermarket delivery and customer support
Materiality
high
medium

Subcontractor and supply-chain dependence

Most manufacturing is outsourced and Firefly relies on suppliers for components and quality.

Scope
Lead times, quality control, and delivery reliability
Materiality
high
medium

IT and cybersecurity disruption

Operational continuity depends on secure and reliable critical IT systems.

Scope
Project execution, service operations, and internal processes
Materiality
medium
medium

Industrial end-market cyclicality

Customers may delay projects or upgrades when industrial investment slows.

Scope
Order intake and project timing
Materiality
high
Revenue recognition on projects and service work
Quarterly comparability and margin timing
Foreign currency translation
Reported revenue, costs, and equity translation reserves
Inventory and subcontracting costs
Gross margin and working capital
Provisions for service and warranty obligations
Operating expenses and liabilities

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: 11/08/2026