This Research Note examines the wireless IoT business of LumenRadio AB, a Swedish public company listed on Nasdaq First North Growth market.  We focus on the company’s 2025 financial highlights and business segment results, based on their Year-End Report 2025, published 27th March 2026, and Capital Markets Day presentation, 20th March 2026. LumenRadio Profile Founded in 2008 LumenRadio is headquartered in Gothenburg, Sweden, with offices in Germany, USA, Norway and China.   The company reported 2025 revenues of SEK 243 million (around $25.9 million) with approximately 75 employees. LumenRadio currently offers wireless solutions in two business areas: Lighting Control and Building Automation. During 2025, the Lighting Control business area accounted for 67% of sales, while Building Automation accounted for 32%. 2025 Financial Highlights Net sales for the period amounted to SEK 242.9 million, a decrease of 0.7% compared to the previous year. Operating profit (EBIT) amounted to SEK 24.3 million, a 15% decrease versus prior […]