This website uses cookies
Read our Privacy policy and Terms of use for more information.
Lind Research covers listed Nordic technology, media and telecom companies, with a focus on small and mid-cap growth names on Nasdaq Stockholm and First North. Each company below has its own research page with deep dives, earnings previews, notes and comments. Subscribers and institutional clients fund coverage, never the companies themselves.
Companies we track and publish on selectively. We know the business, follow the reports, and write when something changes the picture, but we have not yet done, or have not yet updated, the full deep dive. A watchlist name can move to core coverage when the setup warrants it, and a core name can drop back to the watchlist when the thesis has played out.
Everything to know about our equity research
What companies does Lind Research cover?
Lind Research covers listed Nordic technology, media and gaming companies, mainly small and mid-caps on Nasdaq Stockholm and First North. Current names include Smart Eye, Embracer Group, Coffee Stain, Truecaller, Acast and Physitrack. The full list is on this page, and each company has its own research page.
What is the difference between core coverage and the watchlist?
Core coverage means Lind Research has published a full deep dive with a thesis, projections and valuation, and follows the company with earnings previews and notes. Watchlist companies are tracked and written on selectively, without a current full deep dive. Companies move between the two as conviction and newsflow change.
Is Lind Research independent?
Yes. Lind Research is funded by subscribers and institutional clients, not by the companies it covers. Companies do not pay for coverage and do not review conclusions before publication. Analyst and company holdings are disclosed on the Disclosure page.
Does Lind Research publish ratings or price targets?
Lind Research does not assign Buy, Sell or Neutral ratings or formal price targets. Each deep dive presents a thesis, our own projections and a valuation range, and states what we believe the market is mispricing. Readers form their own view from the analysis rather than from a rating label.
How does Lind Research approach valuation?
Lind Research is value-oriented with a focus on growth companies. We estimate what a business is worth from its earnings power, growth durability and capital allocation, then compare that to the market price and look for the specific factors that would close the gap. We concentrate on two situations: companies that can sustain high returns for longer than the market expects, and companies that can re-accelerate growth as temporary headwinds fade.
Who writes the research?
The research is written by Kristoffer Lindström, founder of Lind Research, with a background in sell-side equity research at Swedbank Markets and Redeye and later operating and board roles in Nordic technology companies.
Who is Lind Research for?
Lind Research is written for professional and experienced private investors in Nordic equities: portfolio managers, analysts, family offices and self-directed investors who want independent, fundamental analysis of small and mid-cap technology, media and gaming companies. Institutional clients use the research as an independent second opinion on names with thin sell-side coverage. It is not written for beginners and is not investment advice.
How can I read the full research?
Deep dives and notes are published at lindresearch.com. Previews are free; full reports, projections and valuation are available to premium subscribers and institutional clients.
What language is the research published in?
All Lind Research reports and notes are published in English, so that Nordic companies with limited international coverage are accessible to investors outside Sweden. Kristoffer Lindström also comments on the covered companies in Swedish on X.
Oberoende aktieanalys av nordiska techbolag på engelska
Lind Research publicerar oberoende aktieanalyser av nordiska teknik-, media- och spelbolag, främst small- och midcapbolag på Nasdaq Stockholm och First North. Analyserna skrivs på engelska och finansieras av prenumeranter och institutionella kunder, aldrig av bolagen som analyseras. Bland bolagen finns Smart Eye, Embracer, Coffee Stain och Truecaller. Kortare kommentarer på svenska publiceras på X.