23WA Stock Overview

An Adtech company, engages in the provision of digital marketing services in Sweden and internationally. More details

23WA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Revenue is forecast to grow 15.42% per year

Revenue grew by 20.8% over the past year

Risk Analysis

Does not have a meaningful market cap (€84M)

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Highly volatile share price over the past 3 months compared to the German market

My Notes

Capture your thoughts, links and company narrative

BrightBid Group AB (publ) Competitors

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Price History & Performance

Summary of share price highs, lows and changes for BrightBid Group
Historical stock prices
Current Share Price	SEK 0.13
52 Week High	SEK 1.28
52 Week Low	SEK 0.083
Beta	0
1 Month Change	21.04%
3 Month Change	-52.23%
1 Year Change	-89.30%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-92.04%

Recent updates

Shareholder Returns

	23WA	DE Interactive Media and Services	DE Market
7D	17.6%	1.8%	1.8%
1Y	-89.3%	36.8%	12.6%

Return vs Industry: 23WA underperformed the German Interactive Media and Services industry which returned 36.8% over the past year.

Return vs Market: 23WA underperformed the German Market which returned 12.6% over the past year.

Price Volatility

Is 23WA's price volatile compared to industry and market?
23WA volatility
23WA Average Weekly Movement	26.8%
Interactive Media and Services Industry Average Movement	4.1%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.1%
10% least volatile stocks in DE Market	2.3%

Stable Share Price: 23WA's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 23WA's weekly volatility has increased from 20% to 27% over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	67	Gustav Westman	www.brightbid.com

BrightBid Group AB (publ), an Adtech company, engages in the provision of digital marketing services in Sweden and internationally. It offers BrightBid, an artificial intelligence platform, for automating tasks and optimizing bids, as well as reporting, monitoring, and managed advertising services. The company is based in Stockholm, Sweden.

BrightBid Group AB (publ) Fundamentals Summary

How do BrightBid Group's earnings and revenue compare to its market cap?
23WA fundamental statistics
Market cap	€7.31m
Earnings (TTM)	-€5.33m
Revenue (TTM)	€5.69m

1.3x

P/S Ratio

-1.4x

P/E Ratio

Is 23WA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
23WA income statement (TTM)
Revenue	SEK 65.21m
Cost of Revenue	SEK 71.79m
Gross Profit	-SEK 6.57m
Other Expenses	SEK 54.53m
Earnings	-SEK 61.11m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 19, 2025

Earnings per share (EPS)	-1.68
Gross Margin	-10.08%
Net Profit Margin	-93.71%
Debt/Equity Ratio	1.6%

How did 23WA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/26 14:49
End of Day Share Price	2025/01/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

BrightBid Group AB (publ) is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Fredrik Nilsson	Redeye