Airthings ASA (ARTGF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Airthings ASA (ARTGF) trades at $0.04 with AI Score 49/100 (Grade C). Airthings ASA specializes in air quality sensors and software solutions for radon measurement and energy efficiency. Market cap: $8.10M, Sector: Industrials.
Price live · AI analysis from Jun 15, 2026Analyst Coverage for ARTGF: ARTGF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ARTGF against Industrials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
ARTGF: the 1 perspectives are evenly split.
How is this calculated? →Airthings ASA (ARTGF) Industrial Operations Profile
Airthings ASA is a leader in air quality monitoring solutions, providing innovative sensors and software products that cater to consumer, business, and professional segments, emphasizing energy efficiency and health.
What Is the Investment Thesis for ARTGF?
Airthings ASA presents a unique investment thesis driven by its strong product portfolio and the increasing global focus on air quality. With a market capitalization of $8.10M, the company operates in a growing sector where awareness of indoor air quality is rising. The company's gross margin stands at 54.4%, indicating a solid pricing strategy and operational efficiency. Key growth catalysts include the expansion of its consumer and professional segments, as well as the increasing adoption of smart home technologies. The ongoing trend towards energy efficiency and health-conscious environments further supports demand for Airthings' products. However, investors should be aware of the company's current negative profit margin of -79.9%, which reflects the challenges in scaling operations and achieving profitability. Monitoring these metrics will be crucial for assessing the company's future performance.
Based on FMP financials and quantitative analysis
ARTGF Key Highlights
- Market cap of $8.10M indicating a small-cap status in the air quality sector.
- Gross margin of 54.4%, demonstrating effective cost management and product pricing.
- Negative profit margin of -79.9%, highlighting the need for operational improvements.
- Beta of 0.59, suggesting lower volatility compared to the broader market.
- No dividend yield, indicating a focus on reinvestment for growth rather than returning capital to shareholders.
Who Are ARTGF's Competitors?
ARTGF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CRPHY Ceres Power Holdings plc | $3.34 | +0.30% | $1.43B | 69 |
| CPWHF Ceres Power Holdings plc | $6.83 | +0.80% | $1.46B | 69 |
| EOSEW Eos Energy Enterprises, Inc. | $1.47 | -34.96% | $423.22M | 67 |
| EOSE Eos Energy Enterprises, Inc. | $5.11 | -2.36% | $1.48B | 66 |
| TE T1 Energy Inc | $8.76 | +2.28% | $1.52B | 50 |
| PLPC Preformed Line Products Company | $366.89 | -0.51% | $1.79B | 50 |
| LGRVF Legrand S.A. | $161.69 | -2.03% | $42.26B | 51 |
| ABLZF ABB Ltd | $105.54 | -0.66% | $191.54B | 51 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ARTGF's Key Strengths?
- Innovative product range with strong technological integration.
- Established market presence and brand recognition.
- Strong gross margin indicating effective cost management.
What Are ARTGF's Weaknesses?
- Negative profit margin reflecting operational challenges.
- Limited market capitalization may hinder growth potential.
- Dependence on consumer awareness for sales growth.
What Could Drive ARTGF Stock Higher?
- Launch of new product lines targeting the consumer market.
- Expansion of distribution channels in North America and Europe.
- Increased marketing efforts to raise awareness of air quality issues.
What Are the Key Risks for ARTGF?
- Financial-distress signal — its Altman Z-Score of -2.34 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Regulatory changes affecting product compliance and market access.
- Intense competition from both established and emerging players.
- Economic fluctuations impacting consumer spending on air quality products.
What Are the Growth Opportunities for ARTGF?
- Expansion in Consumer Segment: Airthings ASA has a significant opportunity to grow its consumer segment, particularly with the increasing awareness of indoor air quality. The global market for smart home devices is projected to reach $174 billion by 2025, with air quality monitors becoming essential components. By leveraging its strong brand and innovative products, Airthings can capture a larger market share in this burgeoning sector.
- Professional Market Penetration: The professional segment presents a substantial growth opportunity, especially in commercial buildings and educational institutions. As organizations prioritize employee health and safety, the demand for air quality monitoring solutions is expected to rise. This segment is projected to grow at a CAGR of 10% over the next five years, providing Airthings with a chance to enhance its market presence.
- Technological Advancements: Continuous investment in R&D can lead to the development of more advanced air quality monitoring technologies. With the growing trend towards IoT and smart technologies, Airthings can innovate and integrate its solutions with other smart home devices, potentially increasing its product appeal and market reach.
- Global Market Expansion: Airthings ASA has the potential to expand its operations into emerging markets where awareness of air quality issues is growing. Regions such as Asia-Pacific are expected to see significant growth in air quality monitoring solutions, with a projected CAGR of 12% through 2026. Establishing a presence in these markets can drive revenue growth.
- Partnerships and Collaborations: Forming strategic partnerships with other technology firms can enhance Airthings' product offerings and distribution channels. Collaborations with companies in the smart home and energy efficiency sectors can provide synergistic benefits, enabling Airthings to tap into new customer bases and enhance its competitive edge.
What Opportunities Does ARTGF Have?
- Growing demand for air quality solutions in emerging markets.
- Potential for technological advancements in product offerings.
- Expansion into the professional market segment.
What Threats Does ARTGF Face?
- Intense competition from established players in the industry.
- Economic downturns impacting consumer spending on non-essential products.
- Rapid technological changes requiring constant innovation.
What Are ARTGF's Competitive Advantages?
- Strong brand recognition in the air quality monitoring sector.
- Innovative product offerings that integrate hardware and software.
- Established relationships with various customer segments across industries.
- Focus on health and safety, aligning with growing consumer awareness.
- Commitment to R&D, ensuring continuous product improvement.
What Does ARTGF Do?
Airthings ASA, established in 2008 and headquartered in Oslo, Norway, is a prominent manufacturer of air quality sensors and hardware-enabled software products. The company focuses on air quality monitoring, radon measurement, and energy efficiency solutions, addressing a growing global concern for indoor air quality. Airthings operates through three distinct segments: Consumer, Business, and Professional. Its product lineup includes advanced digital radon detectors and smart indoor air quality monitors, which are designed for a variety of environments such as homes, schools, offices, and commercial buildings. Key products include the View Plus, Wave Plus, Wave Radon, Wave Mini, House Kit, Hub, Corentium Home, Plus, and Pro brands. These offerings enable users to monitor air quality effectively and make informed decisions about their environments. The company serves a diverse clientele, including homeowners, businesses, and professionals, positioning itself as a key player in the air quality sector. With a dedicated workforce of 106 employees, Airthings continues to innovate and expand its reach in the global market, meeting the increasing demand for health-conscious living and working spaces.
What Products and Services Does ARTGF Offer?
- Manufacture air quality sensors for residential and commercial use.
- Develop hardware-enabled software products for air quality and energy efficiency.
- Provide digital radon detectors for safe indoor environments.
- Offer smart indoor air quality monitors for real-time data tracking.
- Serve various sectors including homes, schools, and offices.
- Focus on improving health and safety through innovative air quality solutions.
How Does ARTGF Make Money?
- Generate revenue through the sale of air quality sensors and monitoring devices.
- Offer subscription-based services for software solutions that enhance product functionality.
- Provide tailored solutions for businesses and professionals in various sectors.
- Leverage partnerships for expanded distribution and market reach.
- Invest in R&D to innovate and improve product offerings.
What Industry Does ARTGF Operate In?
The electrical equipment and parts industry is experiencing significant growth, driven by increasing awareness of environmental issues and the need for improved indoor air quality. The market for air quality monitoring solutions is expanding as consumers and businesses alike recognize the importance of maintaining healthy living and working environments. Airthings ASA is well-positioned within this landscape, competing with other players while capitalizing on trends towards energy efficiency and smart technology integration. The industry is projected to grow at a robust rate as regulations around air quality become more stringent and consumer preferences shift towards health-oriented solutions.
Who Are ARTGF's Key Customers?
- Homeowners seeking to monitor indoor air quality.
- Businesses looking for energy efficiency solutions.
- Educational institutions prioritizing student health.
- Commercial buildings aiming to comply with air quality regulations.
- Health-conscious consumers interested in smart home technology.
Company Profile
Airthings ASA operates in the Electrical Equipment & Parts industry within the Industrials sector. It is headquartered in Oslo, NO. The company is led by CEO Ivar Kroghrud. ARTGF has traded publicly since 2021.
Airthings ASA Financial Trajectory
Airthings ASA (ARTGF) reported $6.7M in revenue for Q3 2025, a decline of 13.5% compared to the prior quarter. The company recorded a net loss of $4.0M, with diluted EPS of $-0.02. Revenue has contracted over three consecutive quarters, which investors in this micro-cap Industrials stock should monitor closely. Across the four most recent quarters, ARTGF averaged $-0.03 in diluted EPS.
How Airthings ASA Is Valued
Airthings ASA carries a market capitalization of $8.10M, placing it in the micro-cap category. Relative to its peer group, ARTGF's quantitative score of 49/100 is below the peer average of 64/100.
Key Financial Metrics
Return on assets is -85.9%, showing how much profit it generates from its asset base. A current ratio of 2.25 indicates the company holds enough short-term assets to cover its near-term obligations.
F-Score 2/9Financial Health
Airthings ASA's Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -2.34 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Airthings ASA revenue of about $56.0M for fiscal 2026, with EPS near $0.01.
ARTGF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Innovative product range with strong technological integration.
- Established market presence and brand recognition.
- Strong gross margin indicating effective cost management.
- Upcoming: Launch of new product lines targeting the consumer market.
Bear Case
- Negative profit margin reflecting operational challenges.
- Limited market capitalization may hinder growth potential.
- Dependence on consumer awareness for sales growth.
- Potential: Regulatory changes affecting product compliance and market access.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $7M | -$4M | -$0.02 |
| Q2 2025 | $8M | -$7M | -$0.03 |
| Q1 2025 | $9M | -$3M | -$0.02 |
| Q4 2024 | $10M | -$13M | -$0.07 |
Based on FMP financials and quantitative analysis
ARTGF Latest News
No recent news available for ARTGF.
ARTGF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ARTGF.
Price Targets
Wall Street price target analysis for ARTGF.
ARTGF MoonshotScore
What does this score mean?
The MoonshotScore rates ARTGF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Ivar Kroghrud
CEO
Ivar Kroghrud has extensive experience in the technology and industrial sectors, leading Airthings ASA since its inception in 2008. He holds a degree in Business Administration and has a strong background in product development and market strategy. Prior to joining Airthings, Ivar held various leadership positions in technology firms, focusing on innovation and growth.
Track Record: Under Ivar's leadership, Airthings has successfully launched multiple innovative products and expanded its market reach. His strategic vision has positioned the company as a leader in air quality solutions, driving significant growth in both consumer and professional segments.
ARTGF OTC Market Information
The OTC Other tier indicates that Airthings ASA trades on the over-the-counter market, which typically includes securities that do not meet the listing requirements of major exchanges like NYSE or NASDAQ. This tier can involve lower liquidity and less investor information compared to those listed on major exchanges.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Lower transparency and disclosure requirements compared to major exchanges.
- Potential for higher volatility and price fluctuations.
- Limited analyst coverage may affect market awareness and valuation.
- Review financial statements and reports for accuracy.
- Assess the company's competitive positioning within its industry.
- Investigate management's track record and strategic vision.
- Monitor market trends affecting air quality and related technologies.
- Verify the liquidity and trading volume of the stock.
- Established company with a history since 2008.
- Product offerings backed by technological innovation.
- Active engagement in industry-related events and partnerships.
Common Questions About ARTGF (Industrials)
What does Airthings ASA do?
Airthings ASA specializes in the manufacture of air quality sensors and software solutions for monitoring indoor air quality and radon levels. The company offers a range of products designed for various environments, including homes, schools, and offices, focusing on health and energy efficiency. Its innovative technology enables users to track air quality in real time, helping to create safer living and working spaces.
What are the main risks for ARTGF?
Airthings ASA faces several risks, including intense competition from established companies in the air quality monitoring sector, which may impact market share and pricing strategies. Additionally, economic fluctuations can affect consumer spending on non-essential products, potentially leading to reduced sales. Regulatory changes may also pose challenges in terms of compliance and market access, requiring the company to adapt its products and strategies accordingly.
How does Airthings ASA compare to competitors in its industry?
Airthings ASA differentiates itself through its innovative product offerings and strong focus on health and safety. While competitors like IQAir and Aeris also provide air quality solutions, Airthings emphasizes the integration of hardware and software for a comprehensive monitoring experience. The company's established brand recognition and commitment to R&D further enhance its competitive positioning within the growing air quality market.
What are the key factors to evaluate for ARTGF?
Airthings ASA (ARTGF) holds an AI score of 49/100 (low). Not financial advice.
How frequently does ARTGF data refresh on this page?
ARTGF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ARTGF's recent stock price performance?
Airthings ASA (ARTGF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Innovative product range with strong technological integration. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ARTGF overvalued or undervalued right now?
Valuing Airthings ASA (ARTGF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying ARTGF?
Before investing in Airthings ASA (ARTGF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data may be limited due to OTC classification.