Micro Systemation AB (publ) provides forensic technology for mobile device examination worldwide. The company offers XRY software that retrieves information, such as pictures, SMS, call history, contact lists, and application data from smart and mobile phones, 3G modems, GPS, and tablet devices. Its XRY software products include XRY logical, a software solution that enables investigators to access and recover live and file system data from the device right on the crime scene; XRY Physical, a software solution, which is used for the physical recovery of data from mobile devices; XRY Cloud to recover data beyond the mobile device; XRY PinPoint enables users to extract and decode data from non-standard mobile devices; XRY Camera, a hardware-based solution for forensic examiners to capture photos of the examined devices and screenshots to complement XRY reports; XRY Express that provides workflow for mobile device extractions, which enables processing by field-based investigators and others; and XRY Photon, a mobile examination tool that enables text search, filtering, and other types of analysis. The company also offers XAMN Viewer, an analysis tool to open, view, analyze, or report on mobile device data; XAMN Spotlight, a tool that helps to find and analyze data; XAMN Elements for forensic data analysis and reconstruction; and XAMN Horizon primarily for the visualization of extracted data. In addition, it provides XEC Director to manage, comply with, and control forensic mobile operations; and XEC Export, a tool for users who need batch export. Further, the company offers implementation, training, and support services. Its products are used by police, law enforcement, military, and government intelligence agencies, as well as forensic laboratories to investigate crime, gather intelligence, investigate fraud, and fight corruption. Micro Systemation AB (publ) was founded in 1984 and is headquartered in Stockholm, Sweden.

Micro Systemation AB (publ)

BasisTech works with entrepreneurs to refine ideas, attract talent, access capital, and accelerate growth.

BasisTech

DigiFors GmbH provides digital forensic services and supports authorities, companies, and law firms in investigations of cyber incidents and the secure handling of digital evidence.

DigiFors GmbH

X-Ways Software Technology AG provides software products for computer forensics, data recovery, and IT security. The company offers a range of tools including X-Ways Forensics, X-Ways Investigator, WinHex, X-Ways Imager, and additional add-ons

X-Ways Software Technology AG

MSAB provides digital forensics software solutions for mobile device examination and analysis, primarily serving law enforcement agencies and other organizations involved in security and investigation.

Metric
Company Name	Micro Systemation AB (publ)	BasisTech	DigiFors GmbH	X-Ways Software Technology AG
Symbol	MSAB-B
MSH ID	COM:MSAB	COM:BASISTECH	DE:DIGIFORS	NET:X-WAYS
Market	STOCKS	PRIVATE	PRIVATE	PRIVATE
Sector	Technology	Commercial & Professional Services	Commercial & Professional Services	Technology
Industry	Software - Application	Business Consulting	Information Technology	Software
Country	SE	US	DE	DE
Stage
Employee Count	204
Website	msab.com	basistech.com	digifors.de	x-ways.net
LinkedIn			digifors
Founders

Metric
Market Cap	80.96M
Enterprise Value
Monthly Web Traffic		42	84
Web Traffic Growth		-0.65	0.53
Valuation
Raised Capital

Metric
Revenue	38.14M
Revenue (LTM)
Revenue (NTM)
Gross Profit	38.14M
EBITDA	2.74M
Operating Income	2.74M
Net Income	2.74M
EPS	0.15
Diluted EPS	0.15
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.52
Operating Profit Margin	0.10
EBITDA Margin	0.07
Net Profit Margin	0.07
Return on Equity	0.33
Return on Assets	0.11
Return on Capital Employed	0.29

MSAB

COM:MSAB

MSAB

Last Close

48.50

25/11 09:09

Market Cap

884.62M

Beta: -

Volume Today

110

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	30.67
P/B Ratio	8.37
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	2.54
EV Multiple	33.57

Metric
Days Sales Outstanding	73.24
Days Payables Outstanding	6.45
Days Inventory Outstanding	11.71
Operating Cycle	75.44
Cash Conversion Cycle	70.16
Asset Turnover	1.56

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt	4.44
Operating Cash Flow/Sales	0.18
Free Cash Flow Yield	0.08

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization	0.33
Debt to Assets	0.17
Current Ratio	1.93
Quick Ratio	1.67

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue