Reported Earnings • May 02
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: kr0.11 loss per share (improved from kr0.16 loss in 1Q 2025). Revenue: kr12.6m (up 11% from 1Q 2025). Net loss: kr11.3m (loss narrowed 20% from 1Q 2025). Revenue exceeded analyst estimates by 63%. Earnings per share (EPS) also surpassed analyst estimates by 8.3%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr40m). Currently unprofitable and not forecast to become profitable over next 3 years (kr6.6m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (kr183.1m market cap, or US$19.7m). Reported Earnings • Feb 16
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: kr0.44 loss per share (further deteriorated from kr0.34 loss in FY 2024). Revenue: kr58.2m (down 52% from FY 2024). Net loss: kr45.9m (loss widened 55% from FY 2024). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 8.8%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Jan 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr3.5m net loss in 3 years). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (kr148.4m market cap, or US$16.1m). Announcement • Oct 31
Impact Coatings AB (publ), Annual General Meeting, May 20, 2026 Impact Coatings AB (publ), Annual General Meeting, May 20, 2026. Reported Earnings • Oct 22
Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2025 results: kr0.14 loss per share (further deteriorated from kr0.074 loss in 3Q 2024). Revenue: kr15.9m (down 58% from 3Q 2024). Net loss: kr12.1m (loss widened 86% from 3Q 2024). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Oct 21
Impact Coatings AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 87.486711 million. Impact Coatings AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 87.486711 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 58,324,474
Price\Range: SEK 1.5
Transaction Features: Rights Offering Reported Earnings • Aug 25
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: kr0.18 loss per share (further deteriorated from kr0.043 loss in 2Q 2024). Revenue: kr7.50m (down 80% from 2Q 2024). Net loss: kr15.8m (loss widened 316% from 2Q 2024). Revenue missed analyst estimates by 41%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 04
Now 26% undervalued Over the last 90 days, the stock has risen 30% to kr4.50. The fair value is estimated to be kr6.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 61% per annum over the same time period. New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr83m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr4.5m net loss in 3 years). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr330.7m market cap, or US$34.9m). Announcement • May 22
Impact Coatings AB (publ) Approves Board Elections Impact Coatings AB (publ) at its AGM held on May 21, 2025 approved election of Roland Fischer and Johanna Pynnä as members of the Board of Directors. New Risk • May 12
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: kr28m Forecast net loss in 3 years: kr4.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr83m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr4.5m net loss in 3 years). Market cap is less than US$100m (kr278.2m market cap, or US$28.3m). Reported Earnings • May 02
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: kr0.16 loss per share (improved from kr0.18 loss in 1Q 2024). Revenue: kr11.6m (up 164% from 1Q 2024). Net loss: kr14.2m (loss narrowed 11% from 1Q 2024). Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Breakeven Date Change • Apr 30 The 2 analysts covering Impact Coatings previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of kr10.0m in 2026. Average annual earnings growth of 68% is required to achieve expected profit on schedule.
Reported Earnings • Feb 15
Full year 2024 earnings released: kr0.34 loss per share (vs kr0.41 loss in FY 2023) Full year 2024 results: kr0.34 loss per share (improved from kr0.41 loss in FY 2023). Revenue: kr121.0m (up 3.2% from FY 2023). Net loss: kr29.6m (loss narrowed 7.5% from FY 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jan 30
No longer forecast to breakeven The 2 analysts covering Impact Coatings no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr5.00m in 2026. New consensus forecast suggests the company will make a loss of kr3.00m in 2026. Recent Insider Transactions • Dec 22
Chairman of the Board recently bought kr101k worth of stock On the 19th of December, Mark Shay bought around 25k shares on-market at roughly kr4.04 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of kr152k worth in shares. Recent Insider Transactions • Nov 15
Independent Director recently bought kr81k worth of stock On the 13th of November, Christian Sahlen bought around 18k shares on-market at roughly kr4.45 per share. This transaction amounted to 77% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr132k more in shares than they have sold in the last 12 months. Announcement • Oct 29
Impact Coatings AB (publ), Annual General Meeting, May 21, 2025 Impact Coatings AB (publ), Annual General Meeting, May 21, 2025. New Risk • Oct 18
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -kr65m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr65m). Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (kr398.9m market cap, or US$37.9m). Reported Earnings • Oct 18
Third quarter 2024 earnings released: kr0.074 loss per share (vs kr0.16 loss in 3Q 2023) Third quarter 2024 results: kr0.074 loss per share (improved from kr0.16 loss in 3Q 2023). Revenue: kr37.4m (up 137% from 3Q 2023). Net loss: kr6.50m (loss narrowed 53% from 3Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 30
Consensus estimates of losses per share improve by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from kr76.0m to kr81.0m. EPS estimate increased from -kr0.50 per share to -kr0.40 per share. Machinery industry in Sweden expected to see average net income growth of 22% next year. Consensus price target up from kr5.00 to kr5.60. Share price fell 8.8% to kr6.42 over the past week. Price Target Changed • Aug 28
Price target increased by 12% to kr5.60 Up from kr5.00, the current price target is provided by 1 analyst. New target price is 18% below last closing price of kr6.84. Stock is up 21% over the past year. The company is forecast to post a net loss per share of kr0.40 next year compared to a net loss per share of kr0.41 last year. Reported Earnings • Aug 25
Second quarter 2024 earnings released: kr0.043 loss per share (vs kr0.12 loss in 2Q 2023) Second quarter 2024 results: kr0.043 loss per share (improved from kr0.12 loss in 2Q 2023). Revenue: kr37.5m (up 18% from 2Q 2023). Net loss: kr3.80m (loss narrowed 61% from 2Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Impact Coatings AB (Publ) Announces CFO Changes Lena Åberg has been appointed CFO at Impact Coatings AB, effective November 20, 2024. She succeeds Bengt Vernerson, who has been acting CFO since February 2023. Lena Åberg has extensive experience in financial management across large and small companies, as well as listed and unlisted companies. She is accustomed to working in an international environment, including consolidating international subsidiaries. Lena is currently Senior Group Business Controller at Saab where the work includes reporting to group management and the board as well as implementing various improvement projects. Before her years at Saab, Lena was Finance Director at Qstar Försäljning AB, which is part of DCC plc. She also brings to Impact Coatings experience from smaller high-tech companies, for example Sectra and SICK IVP. Lena Åberg will be based at Impact Coatings' head office in Linköping. She will be part of the Group Management Team, which, with this recruitment, will consist entirely of permanent personnel. Major Estimate Revision • May 01
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr91.0m to kr76.0m. Forecast losses increased from -kr0.40 to -kr0.50 per share. Machinery industry in Sweden expected to see average net income growth of 17% next year. Consensus price target down from kr5.60 to kr5.00. Share price was steady at kr3.00 over the past week. Reported Earnings • Apr 24
First quarter 2024 earnings released: kr0.18 loss per share (vs kr0.16 loss in 1Q 2023) First quarter 2024 results: kr0.18 loss per share (further deteriorated from kr0.16 loss in 1Q 2023). Revenue: kr4.70m (down 77% from 1Q 2023). Net loss: kr15.9m (loss widened 74% from 1Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. New Risk • Apr 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (kr363.9m market cap, or US$33.2m). Reported Earnings • Feb 18
Full year 2023 earnings released: kr0.41 loss per share (vs kr0.83 loss in FY 2022) Full year 2023 results: kr0.41 loss per share (improved from kr0.83 loss in FY 2022). Revenue: kr118.0m (up 124% from FY 2022). Net loss: kr32.0m (loss narrowed 32% from FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Announcement • Feb 16
Impact Coatings AB (publ) to Report Fiscal Year 2023 Final Results on Apr 26, 2024 Impact Coatings AB (publ) announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on Apr 26, 2024 Recent Insider Transactions • Dec 31
Chairman of the Board recently bought kr51k worth of stock On the 28th of December, Mark Shay bought around 15k shares on-market at roughly kr3.41 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr106k. Mark has been a buyer over the last 12 months, purchasing a net total of kr157k worth in shares. Announcement • Nov 10
Impact Coatings AB (publ) Announces Executive Changes Impact Coatings AB (publ) announced changes to its management team that reflect the company's transformation into a group, with parent company in Sweden and operating subsidiaries in China and the USA. The company appointed Carina Höglund as COO, Kristian Hillgren as CTO, Yaowen Wang as Regional President China and Robert Mamazza as Regional President North America. The changes are effective immediately. Carina Höglund transitions from VP Coating Services to Chief Operating Officer (COO). Carina holds a PhD in Thin Film Physics from Linköping University. Before joining Impact Coatings in 2019, she was responsible for coating development and the building of a production unit for the European Spallation Source ERIC (ESS). Since 2021, Carina Höglund has led the company's Coating Services business area, which has more than doubled its revenue under her leadership. Kristian Hillgren joins the group management team as Chief Technology Officer (CTO). Kristian holds a PhD in Materials Chemistry from Uppsala University and was first employed as a technical specialist at Impact Coatings in 2010. Since the end of 2020, he has been based in Seoul, South Korea, as Regional President Korea responsible for the joint development work in hydrogen solutions with Hyundai. Kristian will initially divide his time between Sweden and South Korea. Yaowen Wang (Regional President China) and Robert Mamazza (Regional President North America), also join the group management team. Yaowen Wang has managed Impact Coatings' subsidiary in China since 2022 and during 2023 launched the new Coating Service Center in Shanghai, which is now fully operational. Yaowen has a Master's degree in Environmental Engineering from Ghent University, Belgium, and many years of experience in the hydrogen industry in various roles in technology development, business development and sales. He joined Impact Coatings in 2019. Robert Mamazza is the head of the newly formed subsidiary in the USA, where preparations for a Coating Service Center are underway, with planned commissioning in the first half of 2024. Robert holds a PhD in Electrical Engineering from the University of South Florida and has over 20 years of industrial experience in the thin film coatings field. He joined Impact Coatings in 2021. Announcement • Oct 25
Impact Coatings AB (publ), Annual General Meeting, May 22, 2024 Impact Coatings AB (publ), Annual General Meeting, May 22, 2024. Recent Insider Transactions • Oct 25
Chairman of the Board recently bought kr106k worth of stock On the 20th of October, Mark Shay bought around 28k shares on-market at roughly kr3.75 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Announcement • Oct 25
Impact Coatings AB (publ) Appoints Nomination Committee Ahead of 2024 AGM Impact Coatings AB (publ) appointed nomination committee ahead of 2024 AGM. The nomination committee consists of Kai Tavakka, Chairman, appointed by Accendo Capital SICAV RAIF, Syafiq Johari, appointed by Hyundai Motor Company, Hans Österberg, private investor and Mark Shay, Chairman of the Board, adjunct member. Breakeven Date Change • Oct 23
No longer forecast to breakeven The analyst covering Impact Coatings no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr6.00m in 2025. New forecast suggests the company will make a loss of kr1.00m in 2025. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Per Wassen was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 19
Impact Coatings Launches Premium FC Coating for Heavy Duty Applications Impact Coatings has launched a next generation premium fuel cell (FC) coating for heavy duty applications. The new premium FC coating offers enhanced properties and protection for anode and cathode metal plates in LT-PEM FC stacks. The coating is currently available as job coating at the company's Coating Service Center in China. During the last decades, focus on ways of leaving fossil fuel-based powertrains has increased. Electrical vehicles transferring hydrogen into electricity in fuel cells have become increasingly interesting for OEMs to pursue, especially for long distances and heavy-duty applications. The most common technology in this field is the LT-PEM (Low Temperature Proton-Exchange Membrane or Polymer Electrolyte Membrane) based fuel cell system. LT-PEM fuel cells rely on anode and cathode plates arranged in the fuel cell stack, plates that are either made of metal or graphite. From a production point of view metal plates are the emerging solution, due to the higher power density, and to lower cost, size and weight. To assure a long lifetime and efficiency in the stack's challenging environment, a surface treatment, such as PVD coating, is necessary. During recent years heavy-duty applications have been driving an increasing demand for components that can withstand higher voltages without degradation of the protective coating. To meet this demand, Impact Coatings has developed and introduced the new premium FC coating in the group's fuel cell coating portfolio. The coating is currently offered as job coating to best support customer needs in verification stages. Impact Coatings' new robust premium FC coating mitigates metal ion leakage into the fuel cell stack at potentials up to 1.6 V. Leaking metal ions damage the stack membranes, reducing both stack life and performance. With the new, premium FC coating, which offers good adhesion and electrical conductivity, as well as stable and low contact resistance, the stack's performance will be maintained throughout the stack's lifetime. Major Estimate Revision • Sep 01
Consensus revenue estimates increase by 60%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from kr52.0m to kr83.0m. EPS estimate fell from -kr0.40 to -kr0.50 per share. Machinery industry in Sweden expected to see average net income growth of 14% next year. Consensus price target down from kr8.40 to kr7.60. Share price fell 2.6% to kr5.72 over the past week. Reported Earnings • Aug 27
Second quarter 2023 earnings released: kr0.12 loss per share (vs kr0.23 loss in 2Q 2022) Second quarter 2023 results: kr0.12 loss per share (improved from kr0.23 loss in 2Q 2022). Revenue: kr31.9m (up 125% from 2Q 2022). Net loss: kr9.72m (loss narrowed 27% from 2Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Announcement • Jun 17
Impact Coatings AB (Publ) Announces CEO Changes The board of directors of Impact Coatings has appointed Jonas Nilsson CEO effective 1 October 2023. Torbjörn Sandberg Kanon, CEO since 28 May 2018, will continue in his current role through 30 September 2023 and will remain at the company’s disposal during a fourth quarter of 2023 transition period. Jonas Nilsson is currently Investment Manager at LiU Invest in Linköping, Sweden and brings to Impact Coatings relevant experience as CEO and an active board member in growing technology companies in the semiconductor, automotive, and coatings industries. Jonas Nilsson, born in 1972, is currently Investment Manager at LiU Invest, which is the investment arm of Linköping University and whose purpose is to finance and develop new technology companies that emerge from the university. Through his role at LiU Invest, Jonas is currently Chairman of the Board of n-ink AB and Polar Light Technologies AB, and a board member of HPViCo AB. Jonas is also Chairman of the Board of Börslycke Gård AB and Graphensic AB, and is a board member of Entiros AB. Jonas has, among other previous roles, been CEO and later Chairman of the Board of SweGaN AB, CEO of SP Devices AB, and R&D Director at Kreatel Communications AB. Following his appointment as Impact Coatings CEO and a transition period during fourth quarter of 2023, Jonas Nilsson will retain board positions in Börslycke Gård AB and Entiros AB. Jonas Nilsson has studied applied physics and electrical engineering at Linköping University. Price Target Changed • Apr 30
Price target increased by 7.7% to kr8.40 Up from kr7.80, the current price target is provided by 1 analyst. New target price is 70% above last closing price of kr4.95. Stock is down 43% over the past year. The company is forecast to post a net loss per share of kr0.40 next year compared to a net loss per share of kr0.83 last year. Breakeven Date Change • Apr 26
Forecast to breakeven in 2025 The analyst covering Impact Coatings expects the company to break even for the first time. New forecast suggests losses will reduce by 38% per year to 2024. The company is expected to make a profit of kr5.00m in 2025. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Reported Earnings • Feb 16
Full year 2022 earnings released: kr0.83 loss per share (vs kr0.57 loss in FY 2021) Full year 2022 results: kr0.83 loss per share (further deteriorated from kr0.57 loss in FY 2021). Revenue: kr53.3m (down 10.0% from FY 2021). Net loss: kr47.0m (loss widened 47% from FY 2021). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Price Target Changed • Nov 16
Price target decreased to kr15.00 Down from kr20.00, the current price target is provided by 1 analyst. New target price is 102% above last closing price of kr7.41. Stock is down 52% over the past year. The company is forecast to post a net loss per share of kr0.70 next year compared to a net loss per share of kr0.58 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Per Wassen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Third quarter 2022 earnings released: kr0.20 loss per share (vs kr0.16 loss in 3Q 2021) Third quarter 2022 results: kr0.20 loss per share (further deteriorated from kr0.16 loss in 3Q 2021). Revenue: kr7.25m (up 78% from 3Q 2021). Net loss: kr11.6m (loss widened 26% from 3Q 2021). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: kr0.23 loss per share (vs kr0.20 loss in 2Q 2021) Second quarter 2022 results: kr0.23 loss per share (down from kr0.20 loss in 2Q 2021). Revenue: kr14.3m (down 2.8% from 2Q 2021). Net loss: kr13.3m (loss widened 19% from 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 10% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be kr11.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 109% in 2 years. Earnings is forecast to grow by 75% in the next 2 years. Buying Opportunity • Jun 13
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be kr10.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 109% in 2 years. Earnings is forecast to grow by 75% in the next 2 years. Major Estimate Revision • Apr 29
Consensus revenue estimates fall by 53% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr89.0m to kr42.0m. Forecast losses increased from -kr0.27 to -kr0.70 per share. Machinery industry in Sweden expected to see average net income growth of 15% next year. Consensus price target down from kr20.00 to kr15.00. Share price fell 8.3% to kr8.72 over the past week. Price Target Changed • Apr 27
Price target increased to kr15.00 Up from kr6.50, the current price target is provided by 1 analyst. New target price is 66% above last closing price of kr9.06. Stock is down 59% over the past year. The company is forecast to post a net loss per share of kr0.27 next year compared to a net loss per share of kr0.58 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Per Wassen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Impact Coatings AB (publ) to Report Fiscal Year 2022 Results on Feb 10, 2023 Impact Coatings AB (publ) announced that they will report fiscal year 2022 results on Feb 10, 2023 Reported Earnings • Apr 18
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: kr0.57 loss per share (down from kr0.44 loss in FY 2020). Revenue: kr59.2m (up 50% from FY 2020). Net loss: kr32.1m (loss widened 40% from FY 2020). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 72%. Over the next year, revenue is forecast to grow 50%, compared to a 16% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Feb 12
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: kr0.57 loss per share (down from kr0.44 loss in FY 2020). Revenue: kr59.9m (up 52% from FY 2020). Net loss: kr32.1m (loss widened 40% from FY 2020). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 72%. Over the next year, revenue is forecast to grow 49%, compared to a 17% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Oct 23
Third quarter 2021 earnings released: kr0.16 loss per share (vs kr0.11 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: kr4.12m (down 56% from 3Q 2020). Net loss: kr9.21m (loss widened 66% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.