Noticias en vivo • Jul 04
Metacon Awarded SEK 111 Million to Build Uppsala Green Hydrogen Plant Metacon has been granted up to SEK 111 million from Sweden’s Klimatklivet program to build a 10 MW electrolysis reference plant in Uppsala, aimed at producing around 1,480 tonnes of green hydrogen per year for industrial use and fossil-free transport, with construction planned to start in the second half of 2026 and commissioning targeted for the first quarter of 2029.
The project is designed to increase the availability of green hydrogen in Central Sweden, which could be important for Metacon’s role in the regional hydrogen value chain and for validating its technology at larger scale.
Metacon’s share is trading around SEK 0.23, with the stock down about 41.6% year to date, indicating that the market has been cautious even as the company secures public support for long-term projects.
The long lead time to commissioning means investors are likely to treat this more as a proof-of-concept and funding milestone than an immediate earnings driver, with execution risk and project timing key aspects to watch. Anuncio • Jul 02
Metacon Develops Advanced Catalytic Reaction Testing Unit for Dutch Institute for Fundamental Energy Research Metacon AB (publ) announced that its R&D center in Patras, Greece, has been commissioned to develop a specialized catalytic reaction testing unit for Dutch Institute for Fundamental Energy Research (DIFFER) in the Netherlands. The project is a pilot step for DIFFER, aiming at potential larger R&D initiatives in this area in the future. The system is designed to enable advanced studies of catalytic processes involving carbon dioxide and hydrogen, including the conversion into value-added products. It will support experimental work under demanding conditions, with precise control of pressure, temperature and flow rates, as well as integrated data acquisition and process control. The project highlights Metacon's in-house capabilities within process and reactor design, system integration, and control software development. The unit will be delivered as a fully integrated platform for laboratory and pilot-scale research applications. Metacon's R&D operations in Patras have more than 20 years of experience in hydrogen-related technologies, including catalytic processes, fuel production pathways, and system integration. The team combines laboratory infrastructure with engineering capabilities covering design, construction, and control systems. New Risk • Jul 02
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 13% 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (kr261.8m market cap, or US$27.0m). Major Estimate Revision • Jun 05
Consensus EPS estimates upgraded to kr0.03 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -kr0.05 per share to -kr0.03 per share. Revenue forecast reaffirmed at kr249.9m. Electrical industry in Sweden expected to see average net income growth of 41% next year. Consensus price target down from kr0.40 to kr0.23. Share price fell 30% to kr0.19 over the past week. Anuncio • Jun 04
Metacon AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 109.087152 million. Metacon AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 109.087152 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 545,435,760
Price\Range: SEK 0.2
Transaction Features: Rights Offering Anuncio • Jun 03
Metacon AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 109.087152 million. Metacon AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 109.087152 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 545,435,760
Price\Range: SEK 0.2
Transaction Features: Rights Offering Board Change • May 24
High number of new directors Director Ulrika Hellman was the last director to join the board, commencing their role in 2026. Anuncio • May 21
Metacon AB (Publ) Appoints Ulrika Hellman as Board Member Metacon AB (publ) at its Annual General Meeting held on May 19, 2026, resolved to elect Ulrika Hellman as a new Board member. Reported Earnings • May 08
First quarter 2026 earnings released First quarter 2026 results: Revenue: kr85.5m (up 71% from 1Q 2025). Net loss: kr8.50m (loss narrowed 43% from 1Q 2025). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electrical 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. Anuncio • Apr 17
Metacon AB (publ), Annual General Meeting, May 19, 2026 Metacon AB (publ), Annual General Meeting, May 19, 2026, at 14:00 W. Europe Standard Time. Location: premises of metacon on stationsgatan 12, 753 40, uppsala Sweden Major Estimate Revision • Feb 18
Consensus revenue estimates decrease by 20% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr476.3m to kr381.0m. EPS estimate unchanged from -kr0.05 per share at last update. Electrical industry in Sweden expected to see average net income growth of 65% next year. Consensus price target down from kr0.60 to kr0.40. Share price rose 6.9% to kr0.31 over the past week. New Risk • Feb 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: -kr57m 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr57m free cash flow). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr392.7m market cap, or US$44.3m). Major Estimate Revision • Nov 27
Consensus revenue estimates fall by 29% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr297.0m to kr212.3m. Forecast losses increased from -kr0.03 to -kr0.05 per share. Electrical industry in Sweden expected to see average net income growth of 55% next year. Consensus price target down from kr0.70 to kr0.60. Share price fell 20% to kr0.46 over the past week. Reported Earnings • Nov 21
Third quarter 2025 earnings: Revenues miss analyst expectations Third quarter 2025 results: Revenue: kr40.9m (up kr35.2m from 3Q 2024). Net loss: kr19.4m (loss narrowed 61% from 3Q 2024). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Anuncio • Nov 20
Metacon AB (publ) to Report Fiscal Year 2025 Final Results on Apr 29, 2026 Metacon AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 29, 2026 New Risk • Oct 14
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 12% 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 Less than 1 year of cash runway based on free cash flow trend (-kr88m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr886.3m market cap, or US$93.2m). Reported Earnings • Aug 22
Second quarter 2025 earnings: Revenues exceed analyst expectations Second quarter 2025 results: Revenue: kr61.1m (up 441% from 2Q 2024). Net loss: kr12.9m (loss narrowed 60% from 2Q 2024). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jun 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 121% to kr0.25. The fair value is estimated to be kr0.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • May 27
Now 21% undervalued Over the last 90 days, the stock has risen 72% to kr0.17. The fair value is estimated to be kr0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 750% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Reported Earnings • May 16
First quarter 2025 earnings: Revenues exceed analyst expectations First quarter 2025 results: Revenue: kr50.4m (up kr43.1m from 1Q 2024). Net loss: kr15.0m (loss narrowed 18% from 1Q 2024). Revenue exceeded analyst estimates by 103%. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Anuncio • Apr 26
Metacon AB (publ), Annual General Meeting, May 27, 2025 Metacon AB (publ), Annual General Meeting, May 27, 2025, at 14:00 W. Europe Standard Time. Location: at the premises of metacon on stationsgatan 12, 753 40 uppsala. Sweden Recent Insider Transactions • Apr 17
Independent Director recently bought kr393k worth of stock On the 10th of April, Thomas Nygren bought around 3m shares on-market at roughly kr0.12 per share. This transaction increased Thomas' direct individual holding by 2x at the time of the trade. 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. Recent Insider Transactions • Apr 15
Independent Director recently bought kr393k worth of stock On the 10th of April, Thomas Nygren bought around 3m shares on-market at roughly kr0.12 per share. This transaction increased Thomas' direct individual holding by 2x at the time of the trade. 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. Anuncio • Mar 11
Metacon Via Pherousa Receives Initial Approval in Principle from ABS and DNV for Ammonia Cracking Metacon has, through its shareholding in Norwegian Pherousa AS ("Pherousa") received two initial Approval in Principle (AiP) for its Ammonia Cracking technology, exclusively licensed to Pherousa for use onboard ships, granted by American Bureau of Shipping (ABS) and DNV on an independent evaluation basis. The AiP's come with no show-stopper conditions, affirming the viability and safety of the Pherousa Ammonia Cracking technology onboard ships with PEM Fuel Cells and FGSS (Fuel Gas Supply Systems), generating fully electrical propulsion. DNV and DNV are the world's two largest maritime classification societies in terms of share of the total global fleet by gross tonnage. This milestone achievement marks a significant step forward in the development of sustainable emission-free propulsion solutions for the maritime industry. Key partners in the work towards the two AiP's include the ship designer Deltamarin, the flag state Marshall Islands, the FGSS supplier Babcock International as well as Metacon. Pherousa holds an exclusive license to Metacon's ammonia cracking technology for maritime use on board vessels. Pherousa is together with Metacon and other partners developing this innovative Ammonia Cracking technology based on Metacon's HIWAR®? technology. The overall goal is to make the transition to fossil-free and zero-emission propulsion within the maritime short- to deep-sea transport sectors a reality. Unlike conventional fuels, ammonia is a non-explosive liquid that carries a significant amount of clean hydrogen energy that, if technology is developed to utilize the contained hydrogen, can be used to drive new types of engines onboard. Therefore, ammonia as a fuel has potential to provide the solution for enabling the shift to carbon-free maritime transportation. The AiP's now allow Pherousa to continue the design and construction of the zero-emission series of 64.000 dwt Bulk Carriers earmarked for the Copper industry. The partnership structure around Pherousa is powerful and AiP from both ABS and DNV is a significant milestone and gamechanger towards commercialization. Major Estimate Revision • Mar 05
Consensus revenue estimates increase by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from kr238.7m to kr277.5m. EPS estimate reaffirmed at -kr0.06 per share. Electrical industry in Sweden expected to see average net income growth of 21% next year. Consensus price target of kr0.16 unchanged from last update. Share price rose 35% to kr0.14 over the past week. Breakeven Date Change • Feb 27
Forecast to breakeven in 2027 The analyst covering Metacon expects the company to break even for the first time. New forecast suggests losses will reduce by 27% per year to 2026. The company is expected to make a profit of kr2.30m in 2027. Average annual earnings growth of 63% is required to achieve expected profit on schedule. Reported Earnings • Feb 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: kr0.20 loss per share. Revenue: kr42.8m (down 29% from FY 2023). Net loss: kr137.9m (loss widened 77% from FY 2023). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 110%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in Sweden. Major Estimate Revision • Jan 21
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -kr0.09 to -kr0.10 per share. Revenue forecast of kr56.6m unchanged since last update. Electrical industry in Sweden expected to see average net income growth of 35% next year. Consensus price target down from kr0.21 to kr0.12. Share price fell 11% to kr0.11 over the past week. New Risk • Dec 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr104.4m (US$9.50m) 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (101% increase in shares outstanding). Market cap is less than US$10m (kr104.4m market cap, or US$9.50m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr16m net loss in 3 years). Revenue is less than US$5m (kr25m revenue, or US$2.3m). Major Estimate Revision • Nov 26
Consensus revenue estimates increase by 101%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr28.1m to kr56.6m. EPS estimate fell from -kr0.05 to -kr0.09 per share. Electrical industry in Sweden expected to see average net income growth of 42% next year. Consensus price target down from kr0.23 to kr0.21. Share price fell 2.0% to kr0.19 over the past week. Reported Earnings • Nov 20
Third quarter 2024 earnings: Revenues miss analyst expectations Third quarter 2024 results: Revenue: kr6.10m (down 70% from 3Q 2023). Net loss: kr49.3m (loss widened 148% from 3Q 2023). Revenue missed analyst estimates by 5.0%. Revenue is forecast to grow 84% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in Sweden. Anuncio • Nov 19
Metacon AB (publ) to Report Fiscal Year 2024 Results on Feb 19, 2025 Metacon AB (publ) announced that they will report fiscal year 2024 results on Feb 19, 2025 Major Estimate Revision • Nov 06
Consensus EPS estimates upgraded to kr0.05 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -kr0.11 to -kr0.05 per share. Revenue forecast unchanged from kr28.1m at last update. Electrical industry in Sweden expected to see average net income growth of 42% next year. Consensus price target down from kr0.48 to kr0.23. Share price fell 6.3% to kr0.21 over the past week. Major Estimate Revision • Aug 29
Consensus revenue estimates decrease by 74% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr108.0m to kr28.1m. EPS estimate unchanged from -kr0.11 per share at last update. Electrical industry in Sweden expected to see average net income growth of 19% next year. Consensus price target up from kr0.21 to kr0.48. Share price fell 6.6% to kr0.50 over the past week. Reported Earnings • Aug 23
Second quarter 2024 earnings: Revenues miss analyst expectations Second quarter 2024 results: Revenue: kr11.6m (down 54% from 2Q 2023). Net loss: kr32.0m (loss widened 78% from 2Q 2023). Revenue missed analyst estimates by 50%. Revenue is forecast to grow 79% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electrical industry in Sweden. New Risk • Jul 01
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: -kr130m 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr130m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (101% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr50m net loss in 3 years). Market cap is less than US$100m (kr304.2m market cap, or US$28.7m). Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr8.30m (down 42% from 1Q 2023). Net loss: kr18.2m (loss widened 17% from 1Q 2023). Revenue is forecast to grow 70% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electrical industry in Sweden. Anuncio • May 09
Metacon AB (publ), Annual General Meeting, Jun 12, 2024 Metacon AB (publ), Annual General Meeting, Jun 12, 2024, at 14:00 Central European Standard Time. Location: Advokatfirman Schjødt at Hamngatan 27 Stockholm Sweden Agenda: To consider and approve Election of Chairman of the Annual General Meeting; Preparation and approval of the voting list; Election of one or two persons to verify the minutes; Determination of whether the meeting has been duly convened; Approval of the agenda; Presentation of the annual report and the audit report as well as the consolidated financial statements and; the audit report on the consolidated financial statements; adoption of the income; statement and balance sheet and the consolidated income statement and consolidated balance sheet; appropriation of the company's profit or loss in accordance with the adopted balance sheet; discharge from liability for the Board of Directors and the CEO; and to discuss other matters. New Risk • May 06
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: -kr64m 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr64m free cash flow). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (101% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (kr116.3m market cap, or US$10.7m). Anuncio • Apr 10
Metacon AB (Publ) Announces Chief Financial Officer Changes Mattias Jansson has been hired as Chief Financial Officer of Metacon AB (publ) with effect from July 1, 2024, and replaces Göran Rasberg who plans to retire. Mattias Jansson comes most recently from a role as Finance Director for Olink Proteomics, listed on the Nasdaq Stock Exchange in the US. He has previously held the role as CFO for the Group at the same company and built-up finance functions and financial processes for a global business in strong growth. Reported Earnings • Mar 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: kr0.23 loss per share (further deteriorated from kr0.17 loss in FY 2022). Revenue: kr67.2m (up 5.3% from FY 2022). Net loss: kr77.8m (loss widened 54% from FY 2022). Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Revenue is forecast to grow 70% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electrical industry in Sweden. New Risk • Mar 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 101% This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr36m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (101% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr127.3m market cap, or US$12.4m). Anuncio • Mar 05
Metacon AB (publ) Announces Composition of Nomination Committee Metacon AB (publ) announced that the Nomination Committee has been constituted in accordance with the principles adopted by the Annual General Meeting and has the following composition: Lennart Larsson, Alntorp AB (Chairman of the Nomination Committee); Lars Edvardson, Lars Edvardson AB (privately and through companies) and Lars-Erik Saltin, Saltin & Partner AB (privately and through companies). Anuncio • Feb 21
Metacon AB (publ) has completed a Composite Units Offering. Metacon AB (publ) has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 57,474,137
Price\Range: SEK 1.74
Transaction Features: Rights Offering Board Change • Feb 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. 1 highly experienced director. Independent Director Marie Brodin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Anuncio • Nov 29
Metacon AB (publ) Appoints Hanna Holtz Wärenfeldt as Chief People Officer, Effect in April 2024 Metacon AB (publ) announces that Hanna Holtz Wärenfeldt has been hired as Chief People Officer with effect in April 2024. Hanna Holtz Wärenfeldt comes most recently from a role as head of the operational HR support within Uppsala Municipality and is part of the HR Director's management team. She has previously held the role of Development Manager and HR Manager within the same organization and as HR Manager in companies in the logistics sector. Hanna will be part of Metacon's management team with overall HR responsibility and with the task of developing both Metacon's international organization, leadership, and corporate culture. New Risk • Nov 27
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 13% 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 Less than 1 year of cash runway based on free cash flow trend (-kr36m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr335.7m market cap, or US$32.1m). Reported Earnings • Nov 02
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr21.5m (up 5.1% from 3Q 2022). Net loss: kr19.9m (loss narrowed 6.5% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. New Risk • Oct 13
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 8.7% 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 Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (kr186.7m market cap, or US$16.9m). New Risk • Aug 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 8.9% 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 Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (kr339.2m market cap, or US$30.6m). Reported Earnings • May 19
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr16.3m (up 33% from 1Q 2022). Net loss: kr15.5m (loss narrowed 6.1% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 17
Full year 2022 earnings released: kr0.15 loss per share (vs kr0.13 loss in FY 2021) Full year 2022 results: kr0.15 loss per share (further deteriorated from kr0.13 loss in FY 2021). Revenue: kr67.1m (up kr57.0m from FY 2021). Net loss: kr50.4m (loss widened 65% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 19
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr21.9m (up kr21.2m from 3Q 2021). Net loss: kr21.3m (loss widened 238% from 3Q 2021). Reported Earnings • Aug 25
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr20.5m (up kr20.4m from 2Q 2021). Net loss: kr15.4m (loss widened 106% from 2Q 2021). Reported Earnings • May 15
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr12.6m (up kr12.5m from 1Q 2021). Net loss: kr16.5m (down kr16.8m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 26% per year. 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. 5 non-independent directors. Director Marie Brodin 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 • Feb 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.13 loss per share (down from kr0.088 loss in FY 2020). Net loss: kr30.5m (loss widened 74% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 22% per year. Reported Earnings • Nov 21
Third quarter 2021 earnings released: kr0.027 loss per share (vs kr0.033 loss in 3Q 2020) Third quarter 2021 results: Net loss: kr6.29m (loss narrowed 2.1% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 30
Second quarter 2021 earnings released: kr0.032 loss per share (vs kr0.017 loss in 2Q 2020) Second quarter 2021 results: Net loss: kr7.48m (loss widened 125% from 2Q 2020). Reported Earnings • May 28
First quarter 2021 earnings released: EPS kr0.001 (vs kr0.022 loss in 1Q 2020) First quarter 2021 results: Net income: kr249.0k (up kr4.50m from 1Q 2020). Recent Insider Transactions • Feb 25
Group Chief Executive Officer recently bought kr100k worth of stock On the 22nd of February, Carl Tornblom bought around 14k shares on-market at roughly kr7.09 per share. This was the largest purchase by an insider in the last 3 months. Carl has been a buyer over the last 12 months, purchasing a net total of kr384k worth in shares. Is New 90 Day High Low • Dec 29
New 90-day high: kr4.93 The company is up 62% from its price of kr3.04 on 30 September 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: kr3.70 The company is up 34% from its price of kr2.77 on 09 September 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 13% over the same period.