Board Change • Jun 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • May 24
Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million. Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: NOK 0.5
Transaction Features: Rights Offering Board Change • Feb 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 06
Full year 2025 earnings released Full year 2025 results: Revenue: kr11.0m (up 53% from FY 2024). Net loss: kr20.7m (loss widened 22% from FY 2024). Board Change • Feb 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Dec 22
Ocean Sun AS, Annual General Meeting, May 06, 2026 Ocean Sun AS, Annual General Meeting, May 06, 2026. Board Change • Dec 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Dec 03
Ocean Sun AS has completed a Follow-on Equity Offering in the amount of NOK 8.99724 million. Ocean Sun AS has completed a Follow-on Equity Offering in the amount of NOK 8.99724 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,498,620
Price\Range: NOK 2
Transaction Features: Subsequent Direct Listing Board Change • Oct 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 11
Ocean Sun Appoints Kristin Husby Mork as Chief Commercial Officer, Effective April 2025 Ocean Sun announced the expansion of its leadership team with the appointment of Kristin Husby Mork as Chief Commercial Officer, effective April 2025. Kristin brings a wealth of experience in the energy sector, having served as Commercial Director at TechnipFMC, leading the New Energy discipline. Her role involved building up the New Energy business area, which focuses on CCS, floating offshore wind, and hydrogen. Prior to that, she was a project manager at Equinor, responsible for establishing Equinor's foothold in Asia with regards to offshore wind. Kristin's expertise in commercial strategy, project execution, and market positioning will be invaluable to Ocean Sun as continue to expand offerings. She holds an MBA in Finance from NHH and a M.Sc. in Mathematics, Physics, and Informatics from NTNU. Board Change • Feb 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Dec 18
Ocean Sun AS, Annual General Meeting, May 06, 2025 Ocean Sun AS, Annual General Meeting, May 06, 2025. Board Change • Dec 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr2.61m (up 80% from 3Q 2023). Net loss: kr5.02m (loss widened 9.0% from 3Q 2023). Board Change • Nov 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Tron Engebrethsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 23
New major risk - Revenue and earnings growth Earnings have declined by 8.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m (kr6.2m revenue, or US$590k). Market cap is less than US$10m (€7.71m market cap, or US$8.59m). Ankündigung • Aug 16
Ocean Sun AS Announces the Appointments of David Knutsen as Chief Product Officer and Carl Petter Lehne as Chief Operating Officer, Effective October/November 2024 Ocean Sun AS announced the expansion of its leadership team with the appointments of David Knutsen as Chief Product Officer (CPO) and Carl Petter Lehne as Chief Operating Officer (COO), effective October/November 2024. David Knutsen brings over a decade of experience in the maritime industry, having played a pivotal role in the development of the world’s first floating LNG transfer system as Co-founder and CTO of ECOnnect Energy AS. His expertise in marine technology and experience in product development and scaling innovative solutions will be invaluable to Ocean Sun as continue to expand offerings. David holds a Master’s degree in Marine Technology from the Norwegian University of Science and Technology (NTNU). Carl Petter Lehne joins Ocean Sun after a successful tenure at Metier, where he led the Industry and Infrastructure Group. With a rich background in managing complex infrastructure projects, including key roles at Multiconsult engineering projects, Carl Petter brings a deep understanding of best practices in project development, management and execution. His knowledge will be instrumental in guiding Ocean Sun through its current scale-up phase. Carl Petter holds a Master’s degree in Civil Engineering with a focus on Marine Technology and Geotechnical Engineering from the Technical University of Denmark (DTU). Board Change • Aug 06
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Representative Director Kristin Abyholm is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jun 24
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Representative Director Kristin Abyholm is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. New Risk • Jun 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.25m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m (kr4.3m revenue, or US$404k). Market cap is less than US$10m (€9.25m market cap, or US$9.93m). Minor Risk Currently unprofitable and not forecast to become profitable next year (kr10m net loss next year). New Risk • May 16
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: kr15m Forecast net loss in 1 year: kr10m 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 Risks Shares are highly illiquid. Revenue is less than US$1m (kr6.6m revenue, or US$614k). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr10m net loss next year). Market cap is less than US$100m (€13.5m market cap, or US$14.6m). Reported Earnings • Apr 24
Full year 2023 earnings released: kr0.41 loss per share (vs kr0.40 loss in FY 2022) Full year 2023 results: kr0.41 loss per share (further deteriorated from kr0.40 loss in FY 2022). Net loss: kr18.7m (loss widened 2.8% from FY 2022). Revenue is forecast to grow 89% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Board Change • Apr 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman Of the Board May Salberg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman Of the Board May Salberg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 16
Ocean Sun AS Announces CEO Changes Ocean Sun AS announced that the director for North-East Asia, Kristian Tørvold is appointed to the role of CEO to the company, while the current CEO and founder, Børge Bjørneklett, leaves the company. The Board of Directors believe no-one is better positioned than Kristian Tørvold to lead the company in scaling up. As a member of Ocean Sun´s management team for 5 years, Kristian has played a leading role in building up the North-East Asia office before relocating to Norway. His understanding of the important Asian market, combined with his varied skills in operations and business development, make him very well qualified for leading Ocean Sun. Reported Earnings • Nov 12
Third quarter 2023 earnings released Third quarter 2023 results: kr0.10 loss per share. Net loss: kr4.60m (loss widened 5.0% from 3Q 2022). Revenue is forecast to grow 77% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Board Change • Oct 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Erik Lokke-Owre was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jul 26
Forecast to breakeven in 2024 The analyst covering Ocean Sun expects the company to break even for the first time. New forecast suggests losses will reduce by 89% to 2023. The company is expected to make a profit of kr4.00m in 2024. Average annual earnings growth of 153% is required to achieve expected profit on schedule. Board Change • Jul 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Erik Lokke-Owre was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 22
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: kr19m Forecast net loss in 1 year: kr508k 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 Risks Shares are highly illiquid. Revenue is less than US$1m (kr2.8m revenue, or US$265k). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr508k net loss next year). Market cap is less than US$100m (€23.7m market cap, or US$26.0m). Breakeven Date Change • Jun 22
Forecast to breakeven in 2024 The analyst covering Ocean Sun expects the company to break even for the first time. New forecast suggests losses will reduce by 89% to 2023. The company is expected to make a profit of kr4.00m in 2024. Average annual earnings growth of 153% is required to achieve expected profit on schedule. Board Change • Jun 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Erik Lokke-Owre was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • May 06
Ocean Sun AS Elects Erik Løkke-Øwre as A Member of the Board On 04 May 2023, Ocean Sun AS at its AGM, elected Erik Løkke-Øwre as a member of the Board for a period of one year. Board Change • Nov 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director May Salberg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director May Salberg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director May Salberg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 