Ankündigung • Apr 09
Cyviz AS Launches Enhanced Software Platform Cyviz AS announced the launch of its enhanced software platform, marking a milestone in the company’s strategic transition toward becoming a technology- and platform-led company. The Cyviz Software Platform helps organizations monitor, manage, and optimize complex AV and IoT environments through a single, unified software layer. Across industries such as energy, defense, transportation, consulting, and large enterprise environments, organizations increasingly rely on complex, multivendor technology ecosystems to support critical operations. These are often managed using fragmented tools, resulting in limited visibility, higher operational risk, and reactive maintenance. Cyviz’ platform addresses this challenge by unifying monitoring and management across technologies, vendors, and locations. With real-time insights, proactive alerts, and centralized control, organizations can move from reactive incident handling to more predictable and resilient operations. For customers, the platform delivers a single operational view across AV and IoT environments, helping reduce operational risk, improve reliability, and support predictable operations in mission-critical settings. For system integrators and managed service partners, the platform provides a scalable foundation for standardized delivery, remote operations, and lifecycle services. Designed for multivendor and multitenant environments, it enables partners to move beyond project-based delivery toward repeatable service models and recurring revenue streams. While many monitoring tools focus on individual parts of the technology stack, Cyviz brings AV and IoT together in a single platform. The result is operational breadth and maturity shaped by years of experience delivering and supporting some of the world’s most demanding environments. Developed in close collaboration with customers and partners, the Cyviz Software Platform is designed as a long-term platform rather than a point solution. The launch represents a key pillar in Cyviz’ long-term strategy to complement its project-based business with scalable, software-driven services and recurring revenue models. The Cyviz Software Platform will be officially launched on 16 April 2026 and introduced to the market through global digital events. Reported Earnings • Mar 03
Full year 2025 earnings released: kr1.28 loss per share (vs kr1.45 profit in FY 2024) Full year 2025 results: kr1.28 loss per share (down from kr1.45 profit in FY 2024). Revenue: kr563.9m (down 5.2% from FY 2024). Net loss: kr16.7m (down 189% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Feb 26
Cyviz Unveils Containerized C2 Solution During Exercise HEIMDALL Cyviz is presenting its fully integrated, containerized solution for command, control, and collaboration environments. From deployment to operations: Cyviz' container-based C2 solution demonstrated during Exercise HEIMDALL. James Munt, Sales Director from Cyviz, took part in the demonstration. The solution is designed for secure, standardized, and agile operations, enabling operators to fight at the edge with assured information and supporting faster decision-making, in line with the company's strategic focus on the defense and security sector. The container solution has been developed in collaboration with Nordic Shelter, providing the container platform. The modular platform combines control room technology, visualization, and software into one integrated system. It's the first live demonstration in a NATO-secure exercise environment. Exercise HEIMDALL is conducted within a NATO-relevant framework and focuses on cooperation, technology, and operations in demanding environments. The architecture is secure by design, tailored for multi-classification use cases, and built to meet strict security and availability requirements, including readiness for TEMPEST B certification and clearance up to NATOTS. Cyviz delivers the complete technology stack in the container, including solutions for command and control, situational awareness, visualization, and software to manage complex environments. Defense and security organizations increasingly require standardized solutions that can be deployed rapidly while meeting high security standards. This solution is designed to address those needs, Edberg adds. Defense and security are strategic growth areas for Cyviz. With a proven track record of delivering mission-critical solutions to government and defense customers across several NATO member countries, the company is seeing growing demand driven by increased European defense investments, geopolitical uncertainty, and ongoing modernization initiatives. Cyviz' participation in Exercise HEIMDALL underscores the company's position as a Norwegian defense supplier delivering secure, mission-critical solutions and marks an important step in the continued development of containerized command and collaboration environments. Ankündigung • Dec 24
Cyviz AS, Annual General Meeting, May 21, 2026 Cyviz AS, Annual General Meeting, May 21, 2026. Reported Earnings • Nov 15
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr95.0m (down 41% from 3Q 2024). Net loss: kr2.95m (loss narrowed 69% from 3Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the IT industry in Norway. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 22
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: kr129.3m (down 7.1% from 2Q 2024). Net loss: kr16.0m (down kr16.1m from profit in 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the IT industry in Norway. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (46% accrual ratio). Minor Risk Market cap is less than US$100m (kr369.4m market cap, or US$35.5m). Reported Earnings • Apr 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr1.45 (up from kr0.29 in FY 2023). Revenue: kr595.1m (up 1.7% from FY 2023). Net income: kr18.7m (up 407% from FY 2023). Profit margin: 3.2% (up from 0.6% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the IT industry in Norway. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr1.46 (up from kr0.29 in FY 2023). Revenue: kr595.1m (up 1.7% from FY 2023). Net income: kr18.7m (up 407% from FY 2023). Profit margin: 3.2% (up from 0.6% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the IT industry in Norway. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Ankündigung • Dec 12
Cyviz AS, Annual General Meeting, May 15, 2025 Cyviz AS, Annual General Meeting, May 15, 2025. Reported Earnings • Nov 20
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr160.2m (up 33% from 3Q 2023). Net loss: kr9.58m (loss narrowed 36% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Norway. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 11
Price target decreased by 9.8% to kr55.00 Down from kr61.00, the current price target is provided by 1 analyst. New target price is 82% above last closing price of kr30.30. Stock is down 12% over the past year. The company is forecast to post earnings per share of kr0.30 for next year compared to kr0.29 last year. Reported Earnings • Aug 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr139.1m (down 13% from 2Q 2023). Net income: kr135.0k (down 99% from 2Q 2023). Profit margin: 0.1% (down from 6.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the IT industry in Norway. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr670.0m to kr626.6m. EPS estimate also fell from kr2.18 per share to kr1.25 per share. Net income forecast to grow 755% next year vs 47% growth forecast for IT industry in Norway. Consensus price target broadly unchanged at kr60.00. Share price was steady at kr34.20 over the past week. New Risk • May 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (kr442.0m market cap, or US$41.4m). Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: kr0.29 (vs kr1.50 loss in FY 2022) Full year 2023 results: EPS: kr0.29 (up from kr1.50 loss in FY 2022). Revenue: kr585.4m (up 21% from FY 2022). Net income: kr3.70m (up kr23.1m from FY 2022). Profit margin: 0.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the IT industry in Norway. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 13
Full year 2023 earnings released: EPS: kr0.29 (vs kr1.50 loss in FY 2022) Full year 2023 results: EPS: kr0.29 (up from kr1.50 loss in FY 2022). Revenue: kr585.4m (up 21% from FY 2022). Net income: kr3.70m (up kr23.1m from FY 2022). Profit margin: 0.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the IT industry in Norway. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2024 The analyst covering Cyviz previously expected the company to break even in 2023. New forecast suggests the company will make a profit of kr22.7m in 2024. Average annual earnings growth of 119% is required to achieve expected profit on schedule. Reported Earnings • Nov 12
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr120.3m (up 3.4% from 3Q 2022). Net loss: kr14.9m (down kr18.0m from profit in 3Q 2022). New Risk • Nov 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr66m This is considered a major 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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr66m free cash flow). Minor Risk Market cap is less than US$100m (kr423.9m market cap, or US$38.2m). Reported Earnings • Sep 02
First quarter 2023 earnings released First quarter 2023 results: Net income: (up kr25.4m from 1Q 2022). Reported Earnings • May 07
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: kr1.50 loss per share (improved from kr2.31 loss in FY 2021). Revenue: kr486.0m (up 51% from FY 2021). Net loss: kr19.4m (loss narrowed 35% from FY 2021). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 10.0%. Reported Earnings • Feb 12
Full year 2022 earnings released: kr1.35 loss per share (vs kr2.31 loss in FY 2021) Full year 2022 results: kr1.35 loss per share (improved from kr2.31 loss in FY 2021). Revenue: kr486.6m (up 51% from FY 2021). Net loss: kr17.4m (loss narrowed 42% from FY 2021). Major Estimate Revision • Nov 18
Consensus estimates of losses per share improve by 25% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from kr429.3m to kr448.6m. EPS estimate increased from -kr1.59 per share to -kr1.19 per share. IT industry in Norway expected to see average net income growth of 20% next year. Consensus price target of kr55.00 unchanged from last update. Share price was steady at kr39.90 over the past week. Board Change • Nov 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. Chairman of the Board Rune Syversen was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr116.3m (up 82% from 3Q 2021). Net income: kr3.08m (up kr18.8m from 3Q 2021). Profit margin: 2.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the IT industry in Norway. Recent Insider Transactions • Sep 13
Director recently bought kr60k worth of stock On the 7th of September, Ingeborg Hegstad bought around 2k shares on-market at roughly kr38.50 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Major Estimate Revision • Aug 25
Consensus estimates of losses per share improve by 13% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from kr420.4m to kr429.3m. EPS estimate increased from -kr1.82 per share to -kr1.59 per share. IT industry in Norway expected to see average net income growth of 22% next year. Consensus price target up from kr50.00 to kr55.00. Share price fell 3.0% to kr38.80 over the past week. Price Target Changed • Aug 25
Price target increased to kr55.00 Up from kr50.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of kr38.80. Stock is down 19% over the past year. The company is forecast to post a net loss per share of kr1.59 next year compared to a net loss per share of kr2.31 last year. Reported Earnings • Aug 18
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr119.8m (up 17% from 2Q 2021). Net income: kr5.12m (up 9.5% from 2Q 2021). Profit margin: 4.3% (down from 4.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27% compared to a 9.0% decline forecast for the IT industry in Norway. Reported Earnings • May 06
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: kr2.31 loss per share (up from kr2.86 loss in FY 2020). Revenue: kr322.7m (up 48% from FY 2020). Net loss: kr29.8m (loss narrowed 11% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 100%. Over the next year, revenue is forecast to grow 30%, compared to a 8.3% growth forecast for the industry in Norway. Board Change • Apr 27
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. Chairman of the Board Rune Syversen was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 18
Ole Jørgen Fredriksen Resigns as Chairman of the Board of Cyviz AS Cyviz AS proposed Rune Syversen as the new chairman of the board of the Company, replacing Ole Jørgen Fredriksen, who will resign with immediate effect in the extraordinary general meeting to be held on March 24, 2021.
. Ankündigung • Feb 25
Cyviz Partners with Microsoft Corporation to Design, Develop and Deliver Visual Collaboration Solutions to Microsoft Technology Centers Worldwide Microsoft Corporation has selected Cyviz to jointly design, develop and deliver next-generation visual collaboration solutions for Microsoft Technology Centers (MTCs) worldwide. The MTCs are collaborative environments that provide access to innovative technologies and world-class expertise, enabling Microsoft customers and partners to envision, design, and experience products. Microsoft will standardize on Cyviz to deliver impressive customer experiences and in-depth technical engagements. Cyviz was selected after a rigorous evaluation and testing of different technologies in the market. Microsoft based their decision on the high-performance capabilities of Cyviz software, the standardized delivery and support globally, and the long-standing track record of delivering to Fortune 500 customers. The Cyviz Easy Software Platform is built on and integrated with Microsoft technologies, including Windows IoT, Team Rooms, Azure, Exchange, Active Directory, and SQL Server. Ankündigung • Feb 13
Cyviz Announces New Contract for Military Command Center in South East Asia Cyviz announced new contract for Military Command Center in South East Asia. The organization selected Cyviz as the core technology provider due to the proven control room solutions and standardized platform. The goal is to enhance cyber security efforts and workflows using advanced collaboration technology, visualization and data monitoring. Cyviz will deliver a command center connected to adjacent rooms in the building. The combined intelligence will create situational awareness and enable informed decisions in a mission-critical environment. The delivery is planned for the second quarter of 2021. Ankündigung • Feb 03
Cyviz Wins Contracts for a Range of Executive Meeting Rooms at Middle East Investment Company Cyviz awarded contracts for a range of executive meeting rooms at Middle East investment company - NOK 10.2 million (USD 1.2 million). The Middle East investment company continues to deploy standardized technology across their offices and conference rooms. Cyviz was selected to equip their most important executive meeting rooms and upgrade their current installations with the latest collaboration technology. The investment company has extensive collaboration technology requirements and expects any meeting or presentation to be delivered with high precision. Since they first started using Cyviz technology six years ago, they have treasured the usability, remote management and monitoring capabilities, keeping their systems up to date at any given time. Ankündigung • Jan 29
Cyviz Wins Contract for Standardized Multipurpose Collaboration Center to Energy Company in the Middle East - NOK 7 Million Cyviz announced a new contract with a energy company in the Middle East. The multipurpose collaboration space is designed to engage teams across disciplines using high-performance visualization and is built on the standardized Cyviz platform to connect with other critical rooms. The energy company recognizes the benefits of standardizing its solutions for conference rooms, collaboration technology and operations centers. In addition to the new multipurpose collaboration center, the company has previously rolled out Cyviz' solutions for their real-time drilling operations center, experience center and a range of conference rooms. Ankündigung • Jan 12
Cyviz Announces Contracts Cyviz announced contracts with the U.S. Department of Defense for Cyviz' standardized, turnkey video collaboration solutions. The total value is approximately NOK 23 million (USD 2.6 million), including solutions for mission-critical command & control centers with multi-year support and software maintenance agreements. The solutions will be delivered in the first half of 2021. Ankündigung • Jan 01
Cyviz AS Announces Board Changes, Effective as of 1 January 2021 Cyviz AS announced that effective as of 1 January 2021, Ingeborg Molden Hegstad will take the position as member of the board of directors of Cyviz AS. Ingeborg Molden Hegstad is a partner in Imsight, a consulting company offering business, strategy and leadership advisory to executives, teams and organizations. Hegstad has more than 10 years' experience from retail, telecom and IT from McKinsey & Company where she was an Associate Partner for 12 years. Hegstad has also been a management consultant at Egon Zehnder, where she worked with executive research, coaching of executives and teams, organizational development and board work. Hegstad has extensive international experience from working internationally with organizations and executives in several countries in Europe and Asia. In addition to serving as a board member of Cyviz, she also serves on the board of directors of Q-Free ASA and Strongpoint ASA. Pursuant to the extraordinary general meeting held on 15 December 2020, Ingeborg Molden Hegstad will replace Tore Vaage on the board of directors. Ankündigung • Dec 25
Cyviz Wins Contracts Valued at $2 Million with Global Fortune 500 Customer Cyviz is announced new contracts with a global Fortune 500 technology services firm for Cyviz' standardized, turnkey video collaboration solutions. The total value is approximately $2 million, including solutions for their regional innovation centers and support and software maintenance agreements. The customer has standardized on Cyviz globally in recent years. The new contracts awarded include advanced boardrooms and multipurpose training rooms at regional innovation centers in the US, United Kingdom and Germany. The Cyviz collaboration solutions are integrated with Microsoft Teams and Cisco for seamless video conferencing as well as Microsoft Exchange for easy one-touch join meeting user experience. Knowledge workers can easily share content and collaborate on room video walls or join virtually on Microsoft Teams from their laptops, smartphones, and tablets.