Smart Buildings

LumenRadio Wireless IoT Business and 2023 Financials Examined

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This Research Note examines the wireless IoT business of LumenRadio AB, a Swedish public company listed on Nasdaq First North Growth market since 8th December 2022. We focus on the company’s product portfolio, OEM customers, acquisitions, and 2023 financial highlights, based on LumenRadio’s IPO prospectus, its Year-End Report 2023, and recent press releases. Founded in 2008 and headquartered in Gothenburg, Sweden, with sales offices in Germany, the US, and Norway, the company has approximately 75 employees. LumenRadio currently offers solutions within two business areas: Lighting & Smart Cities (L&SC) and Building & Infrastructure Control Systems (B&ICS). During 2023, the L&SC business area accounted for 76.5% of sales, while B&ICS accounted for 23.5%. LumenRadio Product Portfolio LumenRadio provides wireless product-to-product connections for mission-critical Internet of Things applications. Their scalable solutions are based on patented wireless technology for lighting control, building automation and industrial communication. The company offers its technology in three different packages: 1) stand-alone end […]

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