Valuation Update With 7 Day Price Move • 24m
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to kr7.55, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 25x in the Software industry in Sweden. Total loss to shareholders of 57% over the past three years. Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). CEO & Director Santosh Jain was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Nov 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 11% 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 (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (kr160.2m market cap, or US$14.6m). Reported Earnings • Sep 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr16.0m (down 26% from 2Q 2023). Net income: kr2.03m (down 23% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr16.2m (down 18% from 1Q 2023). Net income: kr12.0k (down 100% from 1Q 2023). Profit margin: 0.1% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to kr16.00, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 56x in the Software industry in Sweden. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr19.10, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 52x in the Software industry in Sweden. Total loss to shareholders of 18% over the past three years. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: kr0.46 (vs kr0.23 loss in FY 2022) Full year 2023 results: EPS: kr0.46 (up from kr0.23 loss in FY 2022). Revenue: kr77.7m (up 27% from FY 2022). Net income: kr5.80m (up kr8.66m from FY 2022). Profit margin: 7.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr14.10, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 65x in the Software industry in Sweden. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr14.20, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 57x in the Software industry in Sweden. Total loss to shareholders of 15% over the past three years. Reported Earnings • Sep 01
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr21.5m (up 55% from 2Q 2022). Net income: kr2.63m (up kr3.48m from 2Q 2022). Profit margin: 12% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jun 02
Full year 2022 earnings released Full year 2022 results: Revenue: kr61.0m (up 6.0% from FY 2021). Net loss: kr2.87m (down 244% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Board Change • Apr 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). CEO & Director Santosh Jain was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). CEO & Director Santosh Jain was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). CEO & Director Santosh Jain was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Dec 01
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr17.3m (up 11% from 3Q 2021). Net loss: kr236.0k (down 115% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% 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. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). CEO & Director Santosh Jain was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr10.05, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 23x in the Online Retail industry in Sweden. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr12.20, the stock trades at a trailing P/E ratio of 78.2x. Average trailing P/E is 22x in the Online Retail industry in Sweden. Total loss to shareholders of 33% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). CEO & Director Santosh Jain was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr0.16 (up from kr0.15 loss in FY 2020). Revenue: kr57.6m (up 24% from FY 2020). Net income: kr1.97m (up kr3.86m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 30% share price decline to kr16.00, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 26x in the Online Retail industry in Sweden. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr23.00, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 57x in the Online Retail industry in Sweden. Total returns to shareholders of 229% over the past three years. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: kr15.6m (up 49% from 3Q 2020). Net income: kr1.56m (up kr3.30m from 3Q 2020). Profit margin: 10.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has only increased by 78% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 23
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr14.5m (up 47% from 2Q 2020). Net income: kr726.0k (up kr2.78m from 2Q 2020). Profit margin: 5.0% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 29
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr17.0m (up 42% from 1Q 2020). Net income: kr2.50m (up 110% from 1Q 2020). Profit margin: 15% (up from 10.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 18
New 90-day high: kr23.40 The company is up 63% from its price of kr14.40 on 19 November 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 30% over the same period.