Ankündigung • Oct 16
IAR Systems Group AB (publ)(OM:IAR B) dropped from OMX Nordic All-Share Index IAR Systems Group AB (publ) has been dropped from the OMX Nordic All-Share Index. Reported Earnings • Aug 15
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: kr0.16 (down from kr1.19 in 2Q 2024). Revenue: kr119.3m (down 11% from 2Q 2024). Net income: kr2.00m (down 87% from 2Q 2024). Profit margin: 1.7% (down from 12% in 2Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 74%. Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Ankündigung • Aug 14
IAR Systems Group AB (publ) to Report Fiscal Year 2025 Results on Feb 11, 2026 IAR Systems Group AB (publ) announced that they will report fiscal year 2025 results on Feb 11, 2026 New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 20% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Ankündigung • Jul 04
The Qt Company Ltd proposed to acquire IAR Systems Group AB (publ) (OM:IAR B) from ALCUR Fonder, Andra AP-fonden, Tredje AP-fonden, Fjärde AP-fonden, Aktia Nordic Small Cap Fund and Aktia Nordic Micro Cap Fund managed by Aktia Fund Management Company Ltd. and others for SEK 2.3 billion. The Qt Company Ltd proposed to acquire IAR Systems Group AB (publ) (OM:IAR B) from ALCUR Fonder, Andra AP-fonden, Tredje AP-fonden, Fjärde AP-fonden, Aktia Nordic Small Cap Fund and Aktia Nordic Micro Cap Fund managed by Aktia Fund Management Company Ltd. and others for SEK 2.3 billion on July 4, 2025. A cash consideration of SEK 2.3 billion valued at SEK 180 per share will be paid by The Qt Company Ltd. As part of consideration, SEK 2.3 billion is paid towards common equity of IAR Systems Group AB (publ).
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, consummation of due diligence investigation and minimum tender. The deal has been unanimously approved by the board. The expected completion of the transaction is on or around September 25, 2025.
Skandinaviska Enskilda Banken AB acted as financial advisor for IAR Systems Group AB. Setterwalls Advokatbyrå Ab acted as legal advisor for IAR Systems Group AB. Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr479.9m to kr462.4m. EPS estimate also fell from kr4.83 per share to kr4.09 per share. Net income forecast to shrink 60% next year vs 32% growth forecast for Software industry in Sweden . Consensus price target down from kr213 to kr205. Share price rose 3.9% to kr112 over the past week. Upcoming Dividend • Apr 22
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 29 April 2025. Payment date: 06 May 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Swedish dividend payers (4.2%). Lower than average of industry peers (2.1%). Reported Earnings • Apr 11
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: kr10.20 (up from kr16.84 loss in FY 2023). Revenue: kr536.4m (up 8.5% from FY 2023). Net income: kr135.2m (up kr364.2m from FY 2023). Profit margin: 25% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Software 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 only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Mar 31
IAR Systems Group AB (publ), Annual General Meeting, Apr 28, 2025 IAR Systems Group AB (publ), Annual General Meeting, Apr 28, 2025, at 14:00 W. Europe Standard Time. Location: at the companys premises, at strandbodgatan 1a , 75323, uppsala Sweden Ankündigung • Mar 11
IAR Premieres Cloud-Enabled Platform Offering for Modern Embedded Software Development Teams IAR takes the stage at embedded world 2025 in Nuremberg, Germany, unveiling their brand-new cloud-enabled platform. The new platform gives embedded software developers maximum freedom and flexibility in their tool choice and daily use. IAR's highly scalable tools package contains the full product offering, including the powerful IAR Embedded Workbench with the proven IAR C/C++ Compiler and IAR Build tools, as well as various premium add-ons like the IAR C-STAT for static code analysis and IAR Embedded Trust for end-to-end security, along with the advanced C-SPY Debugger. With this comprehensive concept, IAR helps customers streamline their tool investment while equipping embedded development teams in automotive, medical, industrial automation, and other sectors with best-in-class tools tailored to their needs. Scale development operations with freedom and flexibility: Traditional licensing agreements often come with reduced flexibility for distributed development teams and limitations regarding supported architectures and processors, leading to additional costs. IAR's new platform offering promotes modern workflows in embedded software development by supporting distributed teams of varying sizes to collaborate on private, public, and hybrid cloud spaces. Developers gain maximum freedom in their choice of devices and silicon partners, enabling them to build single- and multi-core systems on Arm, RISC-V, and several other legacy architectures, without vendor lock-in. Simplify compliance & strengthen security: Additional flexibility is also provided when adapting to new and ever-evolving requirements. IAR's cloud-enabled offering includes tools for implementing functional safety and security features in applications according to standards such as MISRA, IEC, and ISO. These tools are built for developers looking to simplify the complexities of safety- and security-critical projects. With IAR's support, they can design safe and reliable software that is ready for strict industry-standard certifications. With its comprehensive tools offering packaged into a convenient cloud-ready subscription model, IAR empowers embedded software developers to improve their code's quality and performance and deploy their software faster. The seamless development workflows enabled by IAR's tools significantly increase efficiency, saving customers time and money and freeing up capacity for further innovation. Ankündigung • Mar 01
IAR Systems Group AB (publ) to Report Fiscal Year 2024 Final Results on Apr 04, 2025 IAR Systems Group AB (publ) announced that they will report fiscal year 2024 final results at 12:00 PM, Central European Standard Time on Apr 04, 2025 Declared Dividend • Feb 27
Dividend of kr1.50 announced Dividend of kr1.50 is the same as last year. Ex-date: 29th April 2025 Payment date: 6th May 2025 Dividend yield will be 1.1%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 43% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range. Ankündigung • Feb 26
IAR Systems Group AB (publ) announces Annual dividend, payable on May 06, 2025 IAR Systems Group AB (publ) announced Annual dividend of SEK 1.5000 per share payable on May 06, 2025, ex-date on April 29, 2025 and record date on April 30, 2025. Recent Insider Transactions • Feb 13
CEO, MD & Board Member recently bought kr2.7m worth of stock On the 11th of February, Cecilia Wachtmeister bought around 20k shares on-market at roughly kr135 per share. This transaction increased Cecilia's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Cecilia has been a buyer over the last 12 months, purchasing a net total of kr3.6m worth in shares. New Risk • Feb 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 17% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 17% per year for the foreseeable future. High level of non-cash earnings (20% accrual ratio). Ankündigung • Feb 11
IAR Systems Group AB (publ) Proposes a Dividend The Board of IAR Systems Group AB (publ) proposed a dividend of SEK 1.5 per share. Recent Insider Transactions • Oct 28
Chief Executive Officer recently bought kr613k worth of stock On the 24th of October, Cecilia Wachtmeister bought around 5k shares on-market at roughly kr123 per share. This transaction increased Cecilia's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Cecilia has been a buyer over the last 12 months, purchasing a net total of kr947k worth in shares. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: kr1.04. Revenue: kr127.1m (up 2.9% from 3Q 2023). Net income: kr13.7m (down 2.1% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Recent Insider Transactions • Aug 22
Independent Director recently bought kr334k worth of stock On the 19th of August, Cecilia Wachtmeister bought around 2k shares on-market at roughly kr167 per share. This transaction amounted to 80% 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 kr960k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 16
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: kr1.19 (up from kr0.45 in 2Q 2023). Revenue: kr134.0m (up 13% from 2Q 2023). Net income: kr15.8m (up 159% from 2Q 2023). Profit margin: 12% (up from 5.1% in 2Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 11
Now 21% undervalued Over the last 90 days, the stock has risen 22% to kr166. The fair value is estimated to be kr210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued Over the last 90 days, the stock has risen 20% to kr169. The fair value is estimated to be kr211, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 15
Now 20% undervalued Over the last 90 days, the stock has risen 19% to kr166. The fair value is estimated to be kr208, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr5.12 (vs kr0.47 in 1Q 2023) First quarter 2024 results: EPS: kr5.12 (up from kr0.47 in 1Q 2023). Revenue: kr130.0m (up 11% from 1Q 2023). Net income: kr69.0m (up kr62.6m from 1Q 2023). Profit margin: 53% (up from 5.5% in 1Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 22
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 03 May 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Swedish dividend payers (4.4%). Higher than average of industry peers (0.7%). Reported Earnings • Apr 08
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: kr16.84 loss per share (down from kr4.23 profit in FY 2022). Revenue: kr494.2m (up 5.1% from FY 2022). Net loss: kr229.0m (down 496% from profit in FY 2022). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Apr 07
Dividend of kr1.50 announced Dividend of kr1.50 is the same as last year. Ex-date: 26th April 2024 Payment date: 3rd May 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Ankündigung • Mar 28
I.A.R. Systems Group Appoints Cecilia Wachtmeister as CEO, Effective No Later Than October 1, 2024 I.A.R. Systems Group has appointed Cecilia Wachtmeister as the new CEO, effective no later than October 1, 2024. Cecilia brings extensive industrial experience from executive roles in technology companies, with a focus on international sales. She holds an M.Sc in Industrial Engineering and Management, specializing in Electrical Engineering, and has completed a series of top executive programs at Ericsson, including the Ericsson Executive program at Stanford University. She joins the company from Kambi, where she served as Chief Commercial Officer. Cecilia has been a board member of IAR during the successful turnaround that has led the company to new growth and a turnover of SEK 459 million with strong profitability. She has been involved in the company's new strategic work and knows the company well, which also means a short ramp-up time. Price Target Changed • Feb 11
Price target increased by 12% to kr185 Up from kr165, the current price target is provided by 1 analyst. New target price is 35% above last closing price of kr137. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of kr6.56 next year compared to a net loss per share of kr16.84 last year. Reported Earnings • Feb 08
Full year 2023 earnings released: kr16.84 loss per share (vs kr4.23 profit in FY 2022) Full year 2023 results: kr16.84 loss per share (down from kr4.23 profit in FY 2022). Revenue: kr496.9m (up 5.7% from FY 2022). Net loss: kr229.0m (down 496% from profit in FY 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 05
Now 21% undervalued Over the last 90 days, the stock has risen 32% to kr126. The fair value is estimated to be kr159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.7% in 2 years. Earnings are forecast to grow by 134% in the next 2 years. Buy Or Sell Opportunity • Jan 19
Now 21% undervalued Over the last 90 days, the stock has risen 72% to kr127. The fair value is estimated to be kr159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.7% in 2 years. Earnings are forecast to grow by 134% in the next 2 years. Buying Opportunity • Jan 16
Now 20% undervalued Over the last 90 days, the stock is up 73%. The fair value is estimated to be kr159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.7% in 2 years. Earnings is forecast to grow by 134% in the next 2 years. Buying Opportunity • Dec 29
Now 20% undervalued Over the last 90 days, the stock is up 54%. The fair value is estimated to be kr158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.7% in 2 years. Earnings is forecast to grow by 134% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr110, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 38x in the Software industry in Sweden. Total loss to shareholders of 25% over the past three years. Recent Insider Transactions • Oct 27
Independent Director recently bought kr77k worth of stock On the 25th of October, Sabina Linden bought around 896 shares on-market at roughly kr86.20 per share. This transaction increased Sabina's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr796k more in shares than they have sold in the last 12 months. Major Estimate Revision • Oct 26
Consensus EPS estimates increase by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr432.3m to kr450.7m. EPS estimate increased from kr2.31 to kr2.98 per share. Net income forecast to grow 41% next year vs 55% growth forecast for Software industry in Sweden. Consensus price target up from kr165 to kr175. Share price rose 24% to kr91.30 over the past week. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr87.50, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 31x in the Software industry in Sweden. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr84.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 30x in the Software industry in Sweden. Total loss to shareholders of 48% over the past three years. New Risk • Aug 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.08b (US$98.6m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (kr1.08b market cap, or US$98.6m). Reported Earnings • Aug 17
Second quarter 2023 earnings: Revenues exceed analyst expectations Second quarter 2023 results: Revenue: kr119.3m (up 1.0% from 2Q 2022). Net income: kr6.10m (down 57% from 2Q 2022). Profit margin: 5.1% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 19
Consensus EPS estimates fall by 44% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr462.0m to kr425.3m. EPS estimate also fell from kr4.19 per share to kr2.35 per share. Net income forecast to shrink 21% next year vs 41% growth forecast for Software industry in Sweden . Consensus price target down from kr195 to kr160. Share price fell 4.3% to kr85.00 over the past week. Recent Insider Transactions • Jul 06
Chief Executive Officer recently bought kr393k worth of stock On the 3rd of July, Richard Lind bought around 5k shares on-market at roughly kr85.20 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr523k. Richard has been a buyer over the last 12 months, purchasing a net total of kr1.2m worth in shares. New Risk • Jun 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.07b (US$98.7m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (kr1.07b market cap, or US$98.7m). Buying Opportunity • May 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be kr132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.3% in 2 years. Earnings is forecast to grow by 77% in the next 2 years. Recent Insider Transactions • May 02
Independent Director recently bought kr523k worth of stock On the 28th of April, Michael Ingelog bought around 5k shares on-market at roughly kr105 per share. This transaction increased Michael's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr11m more in shares than they have sold in the last 12 months. Buying Opportunity • Apr 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be kr132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.3% in 2 years. Earnings is forecast to grow by 77% in the next 2 years. Upcoming Dividend • Apr 20
Upcoming dividend of kr1.50 per share at 1.3% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 04 May 2023. Trailing yield: 1.3%. Lower than top quartile of Swedish dividend payers (4.9%). Higher than average of industry peers (0.4%). Reported Earnings • Apr 08
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: kr4.23 (up from kr4.94 loss in FY 2021). Net income: kr57.8m (up kr125.2m from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Feb 15
Chief Executive Officer recently bought kr275k worth of stock On the 13th of February, Richard Lind bought around 2k shares on-market at roughly kr137 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Richard has been a buyer over the last 12 months, purchasing a net total of kr682k worth in shares. Reported Earnings • Feb 10
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: kr4.24 (up from kr4.94 loss in FY 2021). Revenue: kr473.0m (up 33% from FY 2021). Net income: kr57.8m (up kr125.2m from FY 2021). Profit margin: 12% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 10
IAR Systems Group AB (Publ) Intends to Propose Dividend IAR Systems Group AB (publ) intended to propose a dividend of SEK 1.5 per share. Buying Opportunity • Feb 09
Now 25% undervalued Over the last 90 days, the stock is up 5.4%. The fair value is estimated to be kr194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • Jan 28
IAR Systems fully supports the brand-new Industrial-Grade PX5 RTOS The PX5 RTOS has just been launched, and IAR Systems, already offers full support for the new real-time operating system. The PX5 Industrial RTOS is an advanced 5th-generation RTOS designed for the most sophisticated and developed embedded applications. The PX5 RTOS helps embedded systems developers to manage the real-time scheduling of their multithreaded applications while increasing the quality, safety, and security of embedded devices. With PX5 RTOS being fully supported in IAR Embedded Workbench® for Arm®, developers can leverage an integrated development environment for seamlessly building and debugging their commercial safety-critical applications from source code to firmware. Accordingly, customers benefit from reduced time-to-market, improved device firmware quality, and portability across device platforms. The IAR Embedded Workbench is a complete development toolchain with a highly optimizing compiler and advanced debugging functions. Thousands of embedded developers worldwide value the powerful IAR C/C++ Compiler™ for its best-in-class optimizations. In conjunction with PX5 RTOS' minimal footprint of ca. 1KB, which automatically scales in size with regards to the application, companies can therefore reduce their BOM (Bill of Materials) by using smaller devices or adding more differentiating features to their existing platform. PX5 RTOS is deterministic regardless of system load, while IAR's code analysis tools C-STAT and C-RUN aim for a reliably tested code basis for demonstrably the highest code quality. For safety-critical applications, IAR Embedded Workbench for Arm is available as a functional safety edition certified by TÜV SÜD and complies with the requirements of ISO 26262. The PX5 RTOS features a native implementation of the industry standard POSIX pthreads API as well as best-of-class size and performance. As for safety and security, the PX5 RTOS provides Pointer/Data Verification (PDV) technology, which developers can leverage at run-time to verify function return addresses, function pointers, system objects, global data, and memory pools. This technology is unique to the PX5 RTOS. In addition to the native POSIX pthread support (semaphore, mutex, message queue, etc.), the PX5 RTOS also offers real-time extensions such as event flags, fast queues, tick timers, memory management, and more. Given the PX5 RTOS industry-standard POSIX pthreads API support, a wide range of software stacks are instantly enabled - both open source and commercial - for real-time embedded IoT platforms. Buying Opportunity • Jan 19
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be kr194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Nov 16
Price target increased to kr195 Up from kr175, the current price target is provided by 1 analyst. New target price is 39% above last closing price of kr140. Stock is up 31% over the past year. The company is forecast to post earnings per share of kr4.23 next year compared to a net loss per share of kr4.94 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: kr117.4m (up 34% from 3Q 2021). Net income: kr16.8m (up 5.7% from 3Q 2021). Profit margin: 14% (down from 18% in 3Q 2021). Revenue was in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Sweden. Price Target Changed • Sep 03
Price target increased to kr195 Up from kr175, the current price target is provided by 1 analyst. New target price is 50% above last closing price of kr130. Stock is up 15% over the past year. The company is forecast to post earnings per share of kr4.69 next year compared to a net loss per share of kr4.94 last year. Reported Earnings • Aug 18
Second quarter 2022 earnings: Revenues exceed analyst expectations Second quarter 2022 results: Revenue: kr118.1m (up 35% from 2Q 2021). Net income: kr14.3m (up 55% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). Revenue exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 11%, compared to a 33% growth forecast for the Software industry in Sweden. Recent Insider Transactions • May 11
Independent Chairman of the Board recently bought kr10m worth of stock On the 4th of May, Nicolas Hassbjer bought around 100k shares on-market at roughly kr104 per share. This was the largest purchase by an insider in the last 3 months. This was Nicolas' only on-market trade for the last 12 months. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues in line with analyst expectations First quarter 2022 results: Revenue: kr110.5m (up 24% from 1Q 2021). Net income: kr12.0m (down 6.2% from 1Q 2021). Profit margin: 11% (down from 14% in 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 51% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Feb 19
CEO & Director recently bought kr83k worth of stock On the 17th of February, Richard Lind bought around 663 shares on-market at roughly kr125 per share. In the last 3 months, they made an even bigger purchase worth kr335k. Richard has been a buyer over the last 12 months, purchasing a net total of kr660k worth in shares. Reported Earnings • Feb 11
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: kr4.94 loss per share (down from kr4.36 profit in FY 2020). Revenue: kr358.0m (down 3.8% from FY 2020). Net loss: kr67.4m (down 213% from profit in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 15%, compared to a 68% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jan 20
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from kr360.2m to kr356.0m. Now expected to report a loss of kr5.36 per share instead of kr3.83 per share profit previously forecast. Software industry in Sweden expected to see average net income growth of 64% next year. Consensus price target of kr175 unchanged from last update. Share price fell 4.2% to kr120 over the past week. Recent Insider Transactions • Dec 30
CEO & Director recently bought kr335k worth of stock On the 29th of December, Richard Lind bought around 3k shares on-market at roughly kr112 per share. This was the largest purchase by an insider in the last 3 months. Richard has been a buyer over the last 12 months, purchasing a net total of kr577k worth in shares.