Bittium Oyj

Bittium Oyj

BITTI · HE · Technology / Communication Equipment

32.10EUR-0.70 (-2.13%)

Price History

Full chart

Market Stats

Previous Close32.80
Open32.80
Day Range31.80 – 32.80
52-Week Range12.60 – 43.35
Volume68.42K
Market Cap1.40B
P/E (TTM)51.04
Forward P/E31.06
EPS0.77
Dividend Yield0.38%
Beta0.27
50-Day Avg35.61
200-Day Avg34.06

About

Bittium Oyj provides communications and connectivity solutions under the Bittium brand in Finland, the rest of Europe, the Americas, and Asia. It operates through Defense & Security, Medical, and Engineering Services segments. The company offers Faros, an ECG monitor for early detection of cardiac abnormalities; OmegaSnap, a wearable disposable patch electrode for long-term ECG measurements; Cardiac Navigator, a software solution for analyzing clinical Holter ECG recordings; MedicalSuite, a cloud-based software-as-a-service solution for data sharing and management; Respiro, a recording device for nocturnal polygraph examinations; BrainStatus, a wireless and compact EEG amplifier for continuous EEG measurements in intensive care units; and NeurOne, an EEG/ERP device. It also provides Tough Mobile, Tough Mobile 2, and Tough Mobile 2 Tactical smartphones; Secure Suite, a device management and encryption software; Secure Call, a communication application; SafeMove Mobile VPN; SafeMove Analytics, a monitoring and reporting module; Tactical Wireless IP Network, a software-defined radio-based wireless broadband network system; Tough SDR; Tough VoIP; Tough Comnode; Tough VoIP Field Phone; Tough VoIP Service; Tough VoIP Softphone; Tactical Power Pack; Tactical Device Management; Tactical Network Management, a visual system for managing tactical communication networks and network nodes; and lifecycle services. In addition, the company offers product design, development, and maintenance; feasibility study, mock-ups, proof-of-concept, and system architecture; and engineering design, build and manufacture, testing, certification, and production ramp-up services. It serves the defense and security, industrial IoT, medical and healthcare, telecommunications, and satellite and wireless industries. The company was formerly known as Elektrobit Corporation and changed its name to Bittium Oyj in July 2015. Bittium Oyj was founded in 1985 and is headquartered in Oulu, Finland.

Company Details

  • SectorTechnology
  • IndustryCommunication Equipment
  • CEOMr. Petri Toljamo EMBA, M.Sc.
  • Employees575
  • HeadquartersRitaharjuntie 1, Oulu, Finland, 90590, Finland
  • Websitehttps://www.bittium.com

Leadership

  • Mr. Petri Toljamo EMBA, M.Sc.Chief Executive Officer · b. 1974
  • Mr. Juha Hulkko eMBA, M.Sc. (Tech.)Founder · b. 1954
  • Mr. Petri Hiljanen M.Sc.CFO & Member of Management Board · b. 1968
  • Ms. Karoliina Malmi M.Sc.VP of Communications & Sustainability and Member of Management Group · b. 1977
  • Mr. Kari Tapio JokelaChief Legal Officer & Member of Management Group · b. 1969
  • Mr. Tommi KangasSenior VP of Defense & Security and Member of Management Group · b. 1971
  • Mr. Erik Ahnger Eng., M.Sc.VP of Business Development & Member of Management Board · b. 1987
  • Ms. Niina Huikuri M.S.Senior VP of Medical Business Segment & Member of Management Group · b. 1977
  • Mr. Teemu HannulaVP of Operations & Member of Management Group · b. 1974
  • Ms. Hanna HulkkoSenior VP of Engineering Services Business Segment & Member of Management Group

Financials

Income Statement

Currency: EUR2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue140.13M76.14M105.03M148.58M202.61M212.50M181.48M144.30M172.26M153.76M161.77M162.18M185.41M199.28M224.14M56.81M64.19M51.64M62.84M75.22M78.39M86.87M82.46M75.20M85.20M119.30M
Growth (%)--45.67%+37.95%+41.47%+36.36%+4.88%-14.60%-20.48%+19.38%-10.74%+5.20%+0.25%+14.33%+7.48%+12.47%-74.65%+12.99%-19.56%+21.70%+19.70%+4.21%+10.82%-5.07%-8.81%+13.30%+40.02%
Cost of Revenue--35.88M42.89M53.91M51.58M37.18M10.11M17.99M7.72M15.45M11.28M6.96M12.44M16.21M5.34M4.68M5.26M9.88M16.98M20.85M22.78M19.73M19.94M21.80M30.60M
Gross Profit--69.15M105.69M148.70M160.92M144.30M134.20M154.27M146.05M146.31M150.90M178.44M186.84M207.92M51.48M59.52M46.38M52.96M58.24M57.54M64.09M62.73M55.26M63.40M88.70M
Gross Margin--65.84%71.13%73.39%75.73%79.51%93.00%89.56%94.98%90.45%93.05%96.24%93.76%92.77%90.60%92.72%89.82%84.28%77.43%73.40%73.78%76.07%73.48%74.41%74.35%
Operating Expense--76.16M89.61M115.48M135.40M141.30M154.48M196.99M147.85M0154.94M175.96M178.70M191.13M49.17M56.98M52.58M50.12M51.91M55.46M60.86M62.39M59.55M54.80M69.30M
Operating Income14.17M--7.01M16.09M33.22M25.52M3.00M-20.28M-42.71M-1.80M146.31M-4.04M2.48M8.14M16.79M2.31M2.54M-6.20M2.85M6.33M2.08M3.22M342.00K-4.30M8.60M19.40M
Operating Margin10.12%--6.68%10.83%16.40%12.01%1.65%-14.05%-24.79%-1.17%90.45%-2.49%1.34%4.09%7.49%4.06%3.96%-12.01%4.53%8.41%2.65%3.71%0.41%-5.71%10.09%16.26%
EBITDA--2.02M25.83M46.97M36.00M2.20M-4.37M-26.34M8.45M-8.79M3.33M8.59M16.84M9.43M7.89M6.57M-1.47M7.46M11.02M7.41M7.99M5.11M-299.00K17.60M32.90M
EBITDA Margin--1.92%17.38%23.18%16.94%1.21%-3.02%-15.29%5.49%-5.44%2.05%4.63%8.45%4.21%13.89%10.24%-2.84%11.87%14.65%9.45%9.20%6.20%-0.40%20.66%27.58%
Net Income9.52M--4.46M8.12M23.33M18.82M74.22M-6.89M-49.49M-2.04M-15.66M-5.08M2.27M30.95M12.52M541.32M3.50M-3.11M4.02M7.64M2.18M3.32M253.00K-5.43M7.30M21.30M
Net Income Margin6.79%--4.24%5.47%11.51%8.86%40.90%-4.77%-28.73%-1.32%-9.68%-3.13%1.22%15.53%5.58%952.82%5.46%-6.02%6.40%10.16%2.78%3.83%0.31%-7.22%8.57%17.85%
R&D7.90M5.30M9.30M9.80M--24.94M38.34M39.36M13.64M16.10M19.07M19.94M20.06M4.79M3.96M6.26M9.62M6.86M12.61M15.39M5.50M5.90M5.61M5.58M10.05M
R&D as % of Total Revenue5.64%6.96%8.85%6.60%--13.74%26.57%22.85%8.87%9.95%11.76%10.76%10.07%2.13%6.97%9.76%18.63%10.92%16.76%19.63%6.33%7.15%7.46%6.54%8.42%
Interest Expense001.13M2.31M921.00K1.13M20.00K265.00K4.69M205.00K1.26M550.00K775.00K693.00K237.00K280.00K164.00K495.00K1.29M225.00K321.00K352.00K390.00K1.13M1.60M900.00K
Interest Expense % of Total Revenue0.00%0.00%1.08%1.55%0.45%0.53%0.01%0.18%2.72%0.13%0.78%0.34%0.42%0.35%0.11%0.49%0.26%0.96%2.05%0.30%0.41%0.41%0.47%1.50%1.88%0.75%

Balance Sheet

Currency: EUR2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets82.63M73.64M141.59M142.35M175.02M193.65M262.80M236.11M180.52M160.17M124.88M115.15M142.73M144.35M166.82M159.38M153.29M138.39M132.40M154.25M158.03M166.15M169.66M157.66M165.10M190.40M
Total Liabilities43.70M47.13M67.40M60.03M66.92M71.67M74.24M70.46M65.40M47.34M52.39M48.14M73.63M62.63M73.41M21.80M22.68M21.71M22.37M41.92M43.79M49.34M53.88M50.07M52.30M59.60M
Total Equity38.87M26.26M68.52M80.37M107.23M118.41M184.35M165.65M115.12M112.40M71.23M65.51M66.59M81.73M93.41M137.58M130.62M116.68M110.03M112.33M114.25M116.81M115.77M107.58M112.80M130.80M
Cash21.03M13.98M23.68M37.18M49.59M60.58M125.09M21.64M68.60M18.82M12.88M9.95M5.83M22.37M22.28M56.75M27.99M6.52M9.30M29.48M18.97M16.31M13.32M8.33M21.80M20.90M
Total Debt-----12.20M15.18M8.29M6.98M16.67M13.15M9.01M18.07M5.28M8.32M1.40M3.15M1.21M1.52M22.60M22.52M22.26M22.45M22.57M20.93M19.87M
Net Debt---23.68M-37.18M-49.59M-48.38M-109.91M-13.35M-61.62M-2.15M268.00K-948.00K12.25M-17.10M-13.96M-55.35M-24.83M-5.31M-7.79M-6.88M3.55M5.96M9.13M14.24M-21.80M-1.03M

Cash Flow

Currency: EUR2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow4.27M335.00K-17.19M21.63M45.27M26.30M-1.00K-27.06M-24.67M392.00K1.47M5.27M8.07M34.69M10.51M2.11M-1.70M-45.00K-548.00K9.65M6.90M8.28M8.02M1.21M24.40M15.30M
Investing Cash Flow---42.08M-3.16M-22.59M-5.25M78.00K-6.81M31.85M-3.43M-7.89M-11.10M-8.66M24.36M-9.20M579.63M-14.52M-18.55M-19.83M-18.58M-15.93M-8.41M-8.05M-7.72M-6.70M-10.60M
Financing Cash Flow3.82M9.92M58.41M-5.09M-3.55M-15.56M602.00K-19.33M-10.47M-6.51M-32.11M-4.74M6.14M-30.35M-1.02M-502.23M-11.64M-13.41M-11.66M13.20M-1.48M-2.49M-3.00M-4.18M-4.30M-5.60M
Capital Expenditure6.92M13.38M36.43M3.94M23.01M5.45M4.67M10.22M4.42M2.71M7.86M10.44M9.05M5.94M9.32M6.85M8.20M18.09M19.66M18.42M15.93M8.41M8.05M7.72M6.70M8.30M
Free Cash Flow---53.62M17.69M22.26M20.85M-4.67M-37.29M-29.09M-2.32M-6.39M-5.17M-978.00K28.74M1.19M-4.75M-9.90M-18.13M-20.20M-8.77M-9.02M-133.00K-26.00K-6.50M17.70M7.00M
Dividends Paid2.30M1.74M-156.00K6.41M7.76M9.06M14.23M2.59M----15.61M2.62M5.29M10.71M10.71M10.71M5.35M1.11M1.11M1.43M1.78M2.10M3.50M
FCF to OCF--311.94%81.76%49.16%79.28%466600.00%137.77%117.91%-592.09%-435.72%-98.27%-12.12%82.87%11.29%-225.30%582.98%40288.89%3686.68%-90.88%-130.70%-1.61%-0.32%-536.75%72.54%45.75%
Dividend Paid to FCF---0.88%28.81%37.24%-194.15%-38.18%-8.90%----54.29%220.81%-111.44%-108.17%-59.06%-53.00%-61.06%-12.30%-834.59%-5492.31%-27.46%11.86%50.00%

Earnings

Report DateMar 31, 2001Mar 31, 2002Nov 3, 2004Feb 15, 2005Aug 3, 2005Nov 2, 2005Feb 15, 2006Aug 2, 2006Nov 1, 2006Feb 7, 2007May 9, 2007Aug 2, 2007Nov 7, 2007Feb 6, 2008May 7, 2008Aug 8, 2008Oct 21, 2008Feb 13, 2009Apr 30, 2009Aug 7, 2009Oct 29, 2009Feb 16, 2010Apr 29, 2010Aug 6, 2010Oct 28, 2010Feb 17, 2011Apr 29, 2011Aug 5, 2011Nov 1, 2011Feb 16, 2012Apr 26, 2012Aug 8, 2012Nov 6, 2012Apr 26, 2013Aug 8, 2013Nov 7, 2013Feb 20, 2014Apr 30, 2014Aug 7, 2014Nov 6, 2014Feb 19, 2015May 7, 2015Aug 6, 2015Nov 5, 2015Feb 18, 2016Apr 27, 2016Aug 4, 2016Nov 3, 2016Feb 20, 2017Feb 22, 2018Aug 7, 2018Feb 21, 2019Aug 8, 2019Feb 13, 2020Apr 30, 2020Aug 6, 2020Oct 30, 2020Feb 11, 2021Apr 29, 2021Aug 6, 2021Oct 22, 2021Feb 10, 2022Apr 29, 2022Aug 5, 2022Oct 21, 2022Feb 10, 2023Apr 27, 2023Aug 4, 2023Oct 20, 2023Feb 9, 2024Apr 26, 2024Aug 9, 2024Oct 18, 2024Feb 18, 2025Apr 29, 2025Aug 8, 2025Feb 19, 2026Apr 29, 2026Aug 7, 2026Oct 29, 2026
EPS Estimate--0.050.050.040.050.020.030.02--0.03-0.04-0.03-0.04-0.05--0.04-0.04--0.01-0.010.020.01--0.03--0.01-----0.180.01-0.04-0.010.020.040.03-0.01-0.010.020.020.010.03--0.050.090.03--0.020.040.07-0.010.050.010.07-0.040.01-0.030.11-0.060.02-0.040.08-0.030.060.020.170.030.060.450.090.110.17
EPS Actual-0.08-0.220.050.060.040.050.030.030.01-0.02-0.06-0.05-0.03-0.03-0.04-0.10-0.10-0.06-0.01-0.01-0.000.01-0.01-0.01-0.07-0.04-0.03-0.01-0.020.020.00-0.000.010.010.000.010.040.010.010.020.050.020.014.030.01-0.000.030.030.04-0.06-0.020.140.040.17-0.010.08-0.030.02-0.040.020.000.12-0.030.02-0.070.10-0.100.00-0.070.020.020.05-0.020.160.010.030.490.030.18-
Surprise--0.00%20.00%0.00%0.00%50.00%0.00%-50.00%--100.00%-25.00%0.00%25.00%20.00%--150.00%-50.00%-0.00%92.00%-50.00%-200.00%---233.33%-0.00%------94.44%-85.00%-0.00%-0.00%0.00%25.00%-33.33%200.00%-0.00%-114.00%50.00%200.00%33.33%-60.00%55.56%33.33%--300.00%-175.00%-71.43%-300.00%-60.00%-100.00%71.43%25.00%100.00%-133.33%-9.09%-66.67%-100.00%-75.00%-75.00%166.67%-16.67%-200.00%-5.88%-66.67%-50.00%8.89%-66.67%63.64%-
Timing--Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-market-Pre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours---Pre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hours

Key Statistics & Ratios

Market Cap1.40B
Enterprise Value1.34B
Trailing P/E51.04
Forward P/E31.06
PEG Ratio1.83
Price / Sales10.35
Price / Book10.27
EPS0.77
Book Value3.75
Revenue (TTM)134.98M
Gross Profit (TTM)55.41M
EBITDA30.78M
Profit Margin20.26%
Operating Margin16.75%
Return on Equity22.41%
Return on Assets9.67%
Shares Outstanding35.55M
Shares Float25.04M
Beta0.27
Dividend Yield0.38%
Dividend Rate0.15
Payout Ratio42.86%

Dividends

20262×
0.15Aug 10, 20260.15Apr 23, 2026
20251×
0.10May 8, 2025
20242×
0.03Oct 21, 20240.03Apr 11, 2024
20231×
0.05Apr 13, 2023
20221×
0.04Apr 7, 2022
20211×
0.03Apr 15, 2021
20191×
0.10Apr 11, 2019
20181×
0.30Apr 12, 2018
20171×
0.25Apr 13, 2017
20161×
0.05Apr 20, 2016
20151×
0.04Apr 16, 2015
20141×
0.02Apr 11, 2014
20132×
0.11Dec 5, 20130.01Apr 12, 2013
20101×
0.20Aug 24, 2010
20081×
0.02Mar 17, 2008
20071×
0.11Mar 15, 2007
20061×
0.07Mar 16, 2006
20051×
0.06Mar 18, 2005
20041×
0.05Mar 15, 2004
20011×
0.05Apr 5, 2001
20001×
0.07Apr 13, 2000

Stock Splits

  • Apr 11, 20051:5
  • Oct 7, 199910:1
  • Apr 29, 19992:1