Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Transcripts
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Analyst Comment

Canatu starts generating small revenue from defense industry

By Atte RiikolaAnalyst
Canatu

Translation: Original published in Finnish on 5/15/2025 at 7:51 am EEST.

On Wednesday, Canatu announced that it has started mass production and deliveries of sensors designed to protect electronic devices to a global technology company. In terms of revenue, the agreement is small, but it demonstrates the versatility of Canatu's carbon nanotubes and highlights their potential in special applications outside the company's current focus areas (semiconductors, automotive sector and diagnostics).

Canatu's sensor is designed to detect unauthorized physical tampering in systems that store or process sensitive information. The device is connected to electronics that constantly monitors and responds to protect the data. The company already mentioned in connection with its IPO that it has an ongoing project targeting the defense sector, in which the product now being announced is being developed.

The agreement with the customer includes deliveries from April 2025 to the third quarter of 2026, and the corresponding revenue will be recognized during the same period. According to Canatu's disclosure policy, the agreement is considered to be of small commercial value (less than 1 MEUR). It can therefore be said to make a small contribution to our projected revenue for Canatu in the coming years.

Canatu is a technology company active in deep technology that creates carbon nanotubes (Canatu CNT), related products and manufacturing equipment for the semiconductor, automotive and medical diagnostics industries. The company operates through two business models, firstly using their own reactors to develop and manufacture CNT products. Second, the company sells its CNT reactors and licenses its related technology, allowing customers to produce the products themselves under a limited license.

Read more on company page

Key Estimate Figures2025-03-30

202425e26e
Revenue22.022.835.4
growth-%62.1 %3.7 %55.1 %
EBIT (adj.)-4.8-7.5-4.0
EBIT-% (adj.)-21.9 %-32.8 %-11.4 %
EPS (adj.)-0.01-0.11-0.07
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.

Forum discussions

Canatu appoints Antti Härmänmaa as VP, Legal & General Counsel and Leadership Team member, he joins from Nokia. I think this is good news. He...
yesterday
by Value Philosopher
32
It was a fantastic interview! Thank you for that, Atte.
2/6/2026, 6:27 PM
by Value Philosopher
3
TrendForce [News] Samsung Reportedly Secures Partial Taylor Fab Use Approval, Timeline... Samsung’ Taylor fab is reportedly making tangible ...
2/6/2026, 1:13 PM
by timontti
19
Finnish deep tech company Canatu has been selected as a finalist in DIGITALEUROPE’s 2026 Future Unicorn Award competition. The award is one ...
2/6/2026, 7:32 AM
by Vanerihands
38
I didn’t get an invitation to this call, but back in January, Juha and I already went through many of the things found in the slides during ...
2/5/2026, 2:36 PM
by Atte Riikola
6
Apparently, a pre-silent call was held on January 27. @Atte_Riikola did you participate in the call? @Flusha here is a direct link to the slides...
2/5/2026, 12:12 PM
by Kroisos Pennonen
13
I guess you could add a link here to where this is stated.
2/4/2026, 11:40 AM
1
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.