Professional
Added to YB: 2026-06-04
Pitch date: 2026-06-01
SIVE.ST [bearish]
Sivers Semiconductors AB (publ)
-36.53%
current return
Author Info
NINGI Research publishes research reports and notes on publicly traded companies in the US and Europe. The research is sector-agnostic and tends to be focused on forensic accounting. Sign up for the newsletter.
Company Info
Sivers Semiconductors AB (publ), through its subsidiaries, develops, manufactures, and sells chips, components, modules, and subsystems in North America, Europe, and Asia.
Market Cap
SEK 20.7B
Pitch Price
SEK 67.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
-250.77
P/E
-108.78
EV/Sales
60.76
Sector
Semiconductors and Semiconductor Equipment
Category
N/A
Sivers Semiconductors (SIVE.ST): Dubious Revenue Accounting, Hollow Customer Contracts, and Broken Promises of an Imminent Volume Ramp-up Since 2018
SIVE.ST (short): +1,800% YTD retail pump on speculative hyperscaler ties. Tiny niche laser maker: $32M rev, 6 patents, zero volume orders, prototype foundry. Every touted deal (Apple, Nvidia, Marvell/POET, ALL.SPACE, Ayar) collapsed/delayed. 31% of 2025 rev dubious (CHIPS grants, unshipped product) via rewritten policy violating IFRS. Insiders/largest holder dumped SEK461M+ while calling it undervalued. 76.6M shares dilution looms; possible insider leak probe.
Read full article (6 min)