Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Short SellingSee which listed companies have disclosed short interest
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
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
  • Q&A
  • 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.

Canatu starts generating small revenue from defense industry

CANATUAnalyst Comment2025-05-15 08:24
Atte RiikolaAnalyst
Discuss

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

Returning to ASML’s roadmap, it looks like the promised 3800F model with a 600 W power laser will hit the market as promised. In the ASML earnings...
10/14/2026, 3:52 PM
by Pandakarhu
21
Another strong result from ASML, and the demand outlook for the coming years is only strengthening. This bodes well for Canatu’s longer-term...
10/14/2026, 7:12 AM
by Atte Riikola
40
Asianometry has a video on TSMC’s and ASML’s plans to transition to High NA machines and 6x12" photomasks in the early part of next decade. ...
10/2/2026, 2:05 AM
by Ilkka
19
As a new shout-out/notice from the top 100 owners list, because he is no longer an insider: Juha Kokkonen (though theoretically there could ...
10/1/2026, 8:03 AM
8
You’re right. I may have made a wrong deduction during my research. That was an inference I drew, not a confirmed fact. Sorry for the confusion...
9/23/2026, 7:31 PM
by Lszatmary78
6
It’s really hard to say anything sensible about this from the outside, since I don’t have visibility into Mitsui’s operations. [quote="lszatmary78...
9/23/2026, 12:09 PM
by Atte Riikola
8
Here the guys at Canatu might have been reading TSMC’s history. What makes TSMC remarkable is not simply its scale, but the way it achieved ...
9/23/2026, 11:23 AM
by Karibu
13