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GTAB · STOCK

GTAB (GREAT.ST)

Greater Than at a Glance

Greater Than AB is a tiny Stockholm-based AI software company that crunches GPS data to predict driver crash risks and climate impacts, selling dashboards and ESG tools to insurers and fleets. With just 20 employees and a market cap of SEK 0.2B, it's a true microcap play in the telematics space. Revenue is near-zero on a TTM basis, with gross margins at -77.6% and operating margins at -518.8% — reflecting heavy R&D burn without scale. It holds a niche edge from 20 years of proprietary data, but competes against bigger private players like Cambridge Mobile Telematics. The key risk? A 69% YoY revenue plunge signals customer churn or pricing woes, with dilution looming from cash needs.

Key metrics
Market cap
SEK 204.7M
Revenue (TTM)
SEK 13M
Gross margin
-77.6%
Operating margin
-5.2%
P/E (TTM)
0.00
P/S
15.81
EV/EBITDA
-17.14
Beta
0.99
52-week high
SEK 73.00
52-week low
SEK 8.70
Employees
20

What Greater Than Does and Why It Matters

Greater Than AB is a small software company that uses artificial intelligence to turn raw GPS data from vehicles into actionable predictions about driver safety and environmental impact. This section introduces the business, its core technology, and the central tension driving its story: a promising AI niche built on 20 years of data versus brutal revenue declines and execution hurdles in a scale-dependent market. Founded in 2004 and headquartered in Stockholm, Greater Than employs about 20 people and operates in the technology sector's application software industry. It offers SaaS tools — dashboards, AI coaching, and ESG reporting packages — primarily to B2B customers like insurers and fleet operators. These tools analyze GPS signals to forecast crash probabilities and climate emissions, helping clients manage risks, boost insurance profitability, and meet sustainability rules. But the numbers tell a harsh reality: TTM revenue is near-zero, gross margins sit at -77.6%, and operating margins are -518.8%, with a microcap market cap of SEK 0.2B. This setup creates high stakes. The AI edge could capture tailwinds in telematics and ESG mandates, but tiny scale means high cash burn and vulnerability to competition. Success hinges on commercializing that data moat before dilution erodes shareholder value — setting up questions about segments, customers, and strategy next.…