Elliptic Laboratories (ELABS) Stock Overview
An artificial intelligence (AI) software company, engages in the provision of AI virtual smart sensors for the smartphone, laptop, Internet of Things, and automotive markets in Norway, the United States, China, South Korea, Taiwan, and Japan. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
ELABS Community Fair Values
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Analyst Price Targets
Elliptic Laboratories ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 2.82 |
| 52 Week High | NOK 14.44 |
| 52 Week Low | NOK 2.54 |
| Beta | 0.83 |
| 1 Month Change | -12.42% |
| 3 Month Change | -5.69% |
| 1 Year Change | -79.97% |
| 3 Year Change | -79.02% |
| 5 Year Change | -84.47% |
| Change since IPO | -81.63% |
Recent News & Updates
Narrative Update • Jun 06
ELABS: Expanding Laptop And Smartphone Launches Will Drive Future Upside
Analysts have adjusted their fair value estimate for Elliptic Laboratories from NOK 13 to NOK 4.8 as they factor in updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News Elliptic Laboratories ASA withdrew a planned follow on equity offering of NOK 29.925 million, which had aimed to issue 10,500,000 ordinary shares at NOK 2.85 per share via a rights offering.Narrative Update • May 16
ELABS: Future Laptop Launches And New Equity Raise Will Drive Upside
Analysts have kept their price target for Elliptic Laboratories steady at NOK 13.0. This reflects largely unchanged views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Correction issued on April 2026 launch data, with Elliptic Labs reporting 14 new device models in April and year to date 2026 launches of 24 laptops and 29 smartphones, compared with 23 laptops and 20 smartphones in the same period of 2025 (Product related announcement).Recent updates
Narrative Update • Jun 06
ELABS: Expanding Laptop And Smartphone Launches Will Drive Future Upside
Analysts have adjusted their fair value estimate for Elliptic Laboratories from NOK 13 to NOK 4.8 as they factor in updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News Elliptic Laboratories ASA withdrew a planned follow on equity offering of NOK 29.925 million, which had aimed to issue 10,500,000 ordinary shares at NOK 2.85 per share via a rights offering.Narrative Update • May 16
ELABS: Future Laptop Launches And New Equity Raise Will Drive Upside
Analysts have kept their price target for Elliptic Laboratories steady at NOK 13.0. This reflects largely unchanged views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Correction issued on April 2026 launch data, with Elliptic Labs reporting 14 new device models in April and year to date 2026 launches of 24 laptops and 29 smartphones, compared with 23 laptops and 20 smartphones in the same period of 2025 (Product related announcement).Narrative Update • Apr 23
ELABS: New Equity Funding And Laptop Agreements Will Support Future Upside
Analysts have maintained their fair value estimate for Elliptic Laboratories at NOK 13.0. Only small adjustments to the discount rate, revenue growth, profit margin and forward P/E have been incorporated into the updated price target framework. What's in the News Elliptic Labs completed multiple follow on equity offerings totaling about NOK 120m, with ordinary shares and other common stock offered at NOK 2.85 per share, including a rights offering and a subsequent direct listing structure (Key Developments).Narrative Update • Apr 09
ELABS: New Equity Funding And Laptop Deployment Will Drive Future Upside
Analysts have kept their NOK 13.0 price target for Elliptic Laboratories unchanged, pointing to stable fair value assumptions supported by a consistent discount rate, revenue growth, profit margin and future P/E inputs. What's in the News Board appoints Ola Sandstad as permanent CEO and Mathias Norderud as permanent CFO, following their interim tenures since late 2025, with both appointments effective immediately (Executive Changes).Narrative Update • Mar 24
ELABS: New Equity Funding And Laptop Wins Will Drive Future Upside
Analysts have kept Elliptic Laboratories' fair value estimate steady at NOK 13.0 per share, with only marginal tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E supporting this unchanged price target. What's in the News The board calls a special shareholders meeting on March 27, 2026 to vote on items including a proposed share capital increase and approval of the meeting notice and agenda (company event notice).Narrative Update • Mar 05
ELABS: Future Laptop And Smartphone Shipments Will Support Upside Potential
Analysts have adjusted their price target for Elliptic Laboratories to reflect updated assumptions on revenue growth of 54.42%, a profit margin of 54.72%, and a future P/E of 8.44. This results in a refreshed fair value estimate of NOK 13.00 per share.Narrative Update • Feb 19
ELABS: New Laptop And Smartphone Deals Will Support Future Upside
Analysts now set their price target for Elliptic Laboratories at NOK 13.00, in line with the prior NOK 13. This reflects updated model inputs around a slightly higher discount rate and unchanged assumptions for revenue growth, profit margin, and future P/E.Narrative Update • Feb 05
ELABS: New Smartphone Licensing Wins Will Support Future Upside Potential
Analysts have maintained their price target for Elliptic Laboratories at €13.0. Their updated assumptions reflect a slightly higher discount rate and a small adjustment to the future P/E multiple, while revenue growth and profit margin expectations remain unchanged. What's in the News Elliptic Labs shipped its AI Virtual Smart Sensor Platform on seven smartphone models in December 2025, including five models from Vivo and two from HONOR, contributing to a total of 65 smartphone models using its technology in 2025 (Key Developments).Analysis Article • Jan 30
Elliptic Laboratories ASA (OB:ELABS) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Unfortunately for some shareholders, the Elliptic Laboratories ASA ( OB:ELABS ) share price has dived 27% in the last...Narrative Update • Jan 20
ELABS: Smartphone Platform Wins And New Licensing Pipeline Will Support Upside
Analysts kept their fair value estimate for Elliptic Laboratories steady at €13.00, citing only very small tweaks to their discount rate, revenue growth, profit margin and future P/E assumptions rather than any shift in the core outlook. What's in the News Shipped the AI Virtual Smart Sensor Platform on seven smartphone models in December 2025, including five models from Vivo and two from HONOR, with a total of 65 smartphone models using Elliptic Labs' technology in 2025 (company announcement).Analysis Article • Jan 09
Returns At Elliptic Laboratories (OB:ELABS) Are On The Way Up
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Narrative Update • Jan 06
ELABS: Smartphone Model Wins And New Licensing Will Support Future Upside
Analysts have slightly adjusted their price target for Elliptic Laboratories to reflect a fair value of $13.00. This is supported by unchanged long term assumptions around revenue growth, profit margins, discount rate, and future P/E.Narrative Update • Dec 19
ELABS: Smartphone Deployment Momentum Will Drive Future Upside Despite Leadership Changes
Narrative Update on Elliptic Laboratories Analysts have modestly revised their price target on Elliptic Laboratories to NOK 13.00, reflecting largely unchanged expectations for growth, profitability, and valuation multiples, with only minor model adjustments. What's in the News CEO transition: long-time CEO Laila Danielsen will step down after 12 years, with SVP Product Development and IR Ola Sandstad appointed interim CEO from 6 November 2025 (company announcement) CFO change: CFO Lars Holmøy has resigned after more than four years, with Senior Finance Manager Mathias Norderud named interim CFO effective 24 September 2025, while Holmøy remains to 30 November to support the handover (company announcement) Client momentum: Elliptic Labs shipped its AI Virtual Smart Sensor Platform on nine new smartphone models in September 2025 across HONOR, vivo and Transsion, taking year-to-date launches to 54 models (company announcement) New OEM relationship: the company expanded its reach in October 2025 by debuting on TCL smartphone NxtPaper 60 Ultra, alongside launches with vivo and Xiaomi, lifting year-to-date deployments to 58 models (company announcement) Valuation Changes Fair value: unchanged at NOK 13.0 per share, indicating stable overall valuation assumptions.Analysis Article • Dec 16
Companies Like Elliptic Laboratories (OB:ELABS) Can Afford To Invest In Growth
Just because a business does not make any money, does not mean that the stock will go down. For example, although...Narrative Update • Dec 05
ELABS: Improved Margins And Smartphone Model Wins Will Drive Future Upside
Analysts have lowered their price target for Elliptic Laboratories from NOK 16 to NOK 13, citing tempered revenue growth expectations, which are partly offset by stronger projected profit margins and a more attractive future earnings multiple. What's in the News Long time CEO Laila Danielsen will step down after 12 years at Elliptic Labs, with SVP Product Development and IR Ola Sandstad appointed interim CEO effective 6 November 2025 (company announcement).Analysis Article • Nov 22
Market Cool On Elliptic Laboratories ASA's (OB:ELABS) Revenues Pushing Shares 30% Lower
To the annoyance of some shareholders, Elliptic Laboratories ASA ( OB:ELABS ) shares are down a considerable 30% in the...Narrative Update • Nov 20
ELABS: Multi-Year PC Licensing Agreements Will Drive Device Expansion Opportunities
Analysts have maintained their price target for Elliptic Laboratories at $16.00. They cite stable expectations for growth and profitability metrics in their latest review.Narrative Update • Nov 06
ELABS: Multi-Year PC Agreements Will Drive Strong Device Expansion Ahead
Narrative Update on Elliptic Laboratories Analysts have maintained their fair value estimate for Elliptic Laboratories at $16.00 per share, citing minor adjustments to the discount rate and valuation inputs while overall expressing consistent conviction in the company's outlook. What's in the News Multiple smartphone launches: Elliptic Labs' AI Virtual Smart Sensor Platform shipped on four new models in October 2025, including a first-time partnership with TCL and continued collaborations with Vivo and Xiaomi.Narrative Update • Oct 23
Analysts Lower Elliptic Labs Price Target Amid Moderated Growth and Evolving Product Partnerships
Analysts have lowered their price target for Elliptic Laboratories from $18.50 to $16.00, citing moderated expectations for revenue growth and profit margins in upcoming periods. What's in the News Elliptic Labs shipped its AI Virtual Smart Sensor Platform on nine smartphone models in September 2025, reaching 54 smartphone models launched for the year to date (Client Announcements).Analysis Article • May 15
It's Unlikely That Elliptic Laboratories ASA's (OB:ELABS) CEO Will See A Huge Pay Rise This Year
Key Insights Elliptic Laboratories' Annual General Meeting to take place on 21st of May Total pay for CEO Laila...Analysis Article • May 14
Elliptic Laboratories ASA's (OB:ELABS) P/S Is Still On The Mark Following 33% Share Price Bounce
Elliptic Laboratories ASA ( OB:ELABS ) shareholders would be excited to see that the share price has had a great month...New Narrative • May 11
Laptop And Smartphone AI Sensors Will Shape Future Markets
Expansion in the laptop and smartphone markets, with multiple AI sensors, is driving significant revenue growth and increased market penetration.Shareholder Returns
| ELABS | NO Software | NO Market | |
|---|---|---|---|
| 7D | -13.8% | -6.8% | -1.5% |
| 1Y | -80.0% | -5.0% | 15.3% |
Return vs Industry: ELABS underperformed the Norwegian Software industry which returned -1.3% over the past year.
Return vs Market: ELABS underperformed the Norwegian Market which returned 16.2% over the past year.
Price Volatility
| ELABS volatility | |
|---|---|
| ELABS Average Weekly Movement | 11.8% |
| Software Industry Average Movement | 6.5% |
| Market Average Movement | 5.5% |
| 10% most volatile stocks in NO Market | 11.4% |
| 10% least volatile stocks in NO Market | 3.1% |
Stable Share Price: ELABS's share price has been volatile over the past 3 months compared to the Norwegian market.
Volatility Over Time: ELABS's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 87 | Ola Sandstad | www.ellipticlabs.com |
Elliptic Laboratories ASA, an artificial intelligence (AI) software company, engages in the provision of AI virtual smart sensors for the smartphone, laptop, Internet of Things, and automotive markets in Norway, the United States, China, South Korea, Taiwan, and Japan. The company offers AI Virtual Human Presence Sensor, a presence-detection solution used to improve the security of data stored on devices and to allow intuitive responses based on natural human interaction; AI Virtual Proximity Sensor that enables exquisite full-screen devices; and AI Virtual Connection Sensor that allows pair and authenticate smart devices that are in the same room using ultrasound. It also provides AI Virtual Position Sensor which automatically detects the location of an external display in relation to a laptop; AI Virtual Gesture Sensor that enables touchless user interactions; AI Virtual Breathing sensor that enables to track person’s breathing; and AI Virtual heartbeat Sensor that tracks a person’s heart rate.
Elliptic Laboratories ASA Fundamentals Summary
| ELABS fundamental statistics | |
|---|---|
| Market cap | NOK 356.27m |
| Earnings (TTM) | -NOK 150.62m |
| Revenue (TTM) | NOK 91.58m |
3.9x
P/S Ratio-2.4x
P/E RatioIs ELABS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ELABS income statement (TTM) | |
|---|---|
| Revenue | NOK 91.58m |
| Cost of Revenue | NOK 87.55m |
| Gross Profit | NOK 4.02m |
| Other Expenses | NOK 154.64m |
| Earnings | -NOK 150.62m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 27, 2026
| Earnings per share (EPS) | -1.19 |
| Gross Margin | 4.39% |
| Net Profit Margin | -164.47% |
| Debt/Equity Ratio | 0% |
How did ELABS perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 11:12 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
Elliptic Laboratories ASA 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 |
|---|---|
| Jørgen Weidemann | Pareto Securities |