OverviewSuggest Edit

Bittium is a company specializing in secure communications and connectivity solutions. It provides products and services for tactical communications, secure communications and connectivity, and medical technologies. The company also offers R&D services and expertise.

TypePublic
Founded1985
HQOulu, FI
Websitebittium.com

Latest Updates

Employees (est.) (Dec 2019)655(-4%)
Revenue (FY, 2019)€75.2 M(+20%)
Share Price (Nov 2021)€5.2
Cybersecurity ratingAMore
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Key People/Management at Bittium

Erkki Veikkolainen

Erkki Veikkolainen

Chairman of the Board of Bittium Corporation
Pekka Kunnari

Pekka Kunnari

CFO
Riitta Tiuraniemi

Riitta Tiuraniemi

Member of the Board of Bittium Corporation
Jari Sankala

Jari Sankala

Senior Vice President, Defense & Security
Hannu Huttunen

Hannu Huttunen

Chief Executive Officer
Karoliina Malmi

Karoliina Malmi

Vice President, Communications and Marketing
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Bittium Office Locations

Bittium has offices in Oulu, Espoo, Kajaani, Kuopio and in 6 other locations
Oulu, FI (HQ)
1 Ritaharjuntie
Espoo, FI
Lars Sonckin kaari 16
Kajaani, FI
Tehdaskatu 15
Kuopio, FI
Pioneerinkatu 6
Tampere, FI
Naulakatu 3
München, DE
Rosenheimer Str. 143
Show all (10)

Bittium Financials and Metrics

Bittium Revenue

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View revenue for all periods
Bittium's revenue was reported to be €75.22 m in FY, 2019 which is a 19.7% increase from the previous period.
EUR

Revenue (FY, 2019)

75.2m

Revenue growth (FY, 2018 - FY, 2019), %

19.7%

Gross profit (FY, 2019)

26.5m

Gross profit margin (FY, 2019), %

35.3%

Net income (FY, 2019)

7.6m

EBIT (FY, 2019)

6.3m

Market capitalization (10-Nov-2021)

186.7m

Closing stock price (10-Nov-2021)

5.2

Cash (31-Dec-2019)

29.5m

EV

179.8m
Bittium's current market capitalization is €186.7 m.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

51.6m62.8m75.2m

Revenue growth, %

22%20%

Cost of goods sold

39.0m39.9m48.7m

Gross profit

12.7m22.9m26.5m
Half Year
EURH1, 2017H1, 2018H1, 2019

Revenue

27.1m28.3m33.1m

Cost of goods sold

20.2m18.7m22.2m

Gross profit

6.9m9.6m10.9m

Gross profit Margin, %

25%34%33%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

6.5m9.3m29.5m

Accounts Receivable

13.9m16.1m15.4m

Prepaid Expenses

2.3m2.2m1.6m

Inventories

10.6m14.6m18.2m
Half Year
EURH1, 2017H1, 2018H1, 2019

Cash

6.2m6.0m27.8m

Accounts Receivable

20.9m25.2m24.5m

Inventories

5.9m13.7m17.7m

Current Assets

100.2m69.4m75.7m
Annual
EURFY, 2017FY, 2018FY, 2019

Inventories

(6.4m)(3.9m)(3.5m)

Cash From Operating Activities

(45.0k)(548.0k)9.6m

Purchases of PP&E

(11.4m)(3.7m)(2.3m)

Capital Expenditures

(6.7m)(16.0m)(16.1m)
Half Year
EURH1, 2017H1, 2018H1, 2019

Cash From Operating Activities

400.0k(10.5m)(1.2m)

Purchases of PP&E

(6.2m)(2.7m)(1.2m)

Capital Expenditures

(2.4m)(8.0m)(8.8m)

Cash From Investing Activities

(9.0m)(10.7m)(10.1m)
EURH1, 2017

Financial Leverage

1.2 x
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Bittium Acquisitions / Subsidiaries

Company NameDateDeal Size
Mega Electronics LtdNovember 10, 2016
Megakoto OyNovember 10, 2016
Net Consulting & ServicesJuly 17, 2008
Dependable Computer Systems, Hardware und Software EntwicklungJune 29, 2007
CIM-TechMarch 08, 2004
Bittium Biosignals Oy
Bittium Germany GmbH Germany
Bittium Medanalytics Oy
Bittium Mexico S.A. de C.V.
Bittium Safemove Oy
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Bittium Revenue Breakdown

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Bittium revenue breakdown by business segment: 65.6% from Products and 34.4% from Services

Bittium revenue breakdown by geographic segment: 20.0% from Other Europe, 55.0% from Finland, 24.6% from Americas and 0.4% from Other

Bittium Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Bittium Online and Social Media Presence

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Bittium News and Updates

Bittium Launches New Ultra Secure Bittium Tough Mobile™ 2 Smartphone

OULU, Finland, May 27, 2019 /PRNewswire/ -- Bittium, the provider of world's most secure smartphone-based communication systems, launches the ultra secure Bittium Tough Mobile™ 2 smartphone. The core of the information security of the new Bittium Tough Mobile 2 is its multilayered...

Bittium stellt das neue, ultrasichere Smartphone Bittium Tough Mobile™ 2 vor

Freigegeben zur Veröffentlichung am 27. Mai 2019 um 10:40 (CEST +1) Bittium stellt das neue, ultrasichere Smartphone Bittium Tough Mobile™ 2 vor Das Bittium Tough Mobile 2 ist zusammen mit seinem kompletten Backend-System das sicherste Smartphone der Welt OULU, Finnland, 27. Mai 2019...

Bittium Frequently Asked Questions

  • When was Bittium founded?

    Bittium was founded in 1985.

  • Who are Bittium key executives?

    Bittium's key executives are Erkki Veikkolainen, Pekka Kunnari and Riitta Tiuraniemi.

  • How many employees does Bittium have?

    Bittium has 655 employees.

  • What is Bittium revenue?

    Latest Bittium annual revenue is €75.2 m.

  • What is Bittium revenue per employee?

    Latest Bittium revenue per employee is €114.8 k.

  • Who are Bittium competitors?

    Competitors of Bittium include Juniper Networks, Avaya and Lantronix.

  • Where is Bittium headquarters?

    Bittium headquarters is located at 1 Ritaharjuntie, Oulu.

  • Where are Bittium offices?

    Bittium has offices in Oulu, Espoo, Kajaani, Kuopio and in 6 other locations.

  • How many offices does Bittium have?

    Bittium has 10 offices.