Company profile - Brighter Actiste feature image - 16092019 - JPG



SEK522.1m market cap

SEK2.28 last close

Brighter is a Swedish healthtech company addressing common welfare challenges of modern society through a group of innovation companies. Its lead solution, Actiste, currently being commercialised, is aimed at helping people with diabetes adhere to care guidelines and achieve treatment goals.

Investment summary

Brighter is a healthtech company developing solutions for chronic diseases. Its initial strategy is the market introduction of Actiste, a remote monitoring and treatment service for diabetes which received two CE marks (Actiste is regulated under both the EU Medical Devices Directive and the In Vitro Diagnostics Directive) as well as regulatory approvals in Saudi Arabia and the UAE. The service includes a unique patented device that integrates all the essential features for daily diabetes management, a blood glucose meter, a lancer and an insulin injection pen, into a single unit with built-in mobile connection, and a digital platform for analysing and sharing data with family and friends, healthcare providers and other relevant stakeholders.

Y/E Dec
Revenue (SEKm)
EPS (öre)
P/E (x)
P/CF (x)
2018A 1.1 (44.2) (48.8) (74.00) N/A N/A
2019A 3.3 (73.7) (88.7) (105.85) N/A N/A
2020E 12.3 (135.7) (166.5) (81.86) N/A N/A
2021E 93.0 (70.6) (101.5) (46.24) N/A N/A
Industry outlook

In 2017, costs attributed to diagnosed diabetes and associated complications, such as cardiovascular disease and nephropathy, totalled $327bn in the US. Patient opinions of treatment burden are heavily correlated with adherence to self-care.

Last updated on 20/01/2021
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Share price graph
Balance sheet
Forecast net debt (SEKm) 56.7
Forecast gearing ratio (%) 19
Price performance
Actual (16.2) (15.4) (61.2)
Relative* (20.2) (22.5) (66.0)
52-week high/low SEK5.8/SEK1.9
*% relative to local index
Key management
Truls Sjostedt Chairman
Henrik Norström CEO
Anne Zetterberg CFO
Petra Kaur Chief Commercial and Marketing Officer