Board Change • May 21
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. 3 experienced directors. 1 highly experienced director. Independent Director Karl Lundahl was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 19
Third quarter 2024 earnings released: kr0.54 loss per share (vs kr5.13 loss in 3Q 2023) Third quarter 2024 results: kr0.54 loss per share. Revenue: kr1.16m (down 23% from 3Q 2023). Net loss: kr9.15m (loss widened 28% from 3Q 2023). Annonce • Oct 04
JonDeTech Sensors AB Launches Evaluation Kit for New Sensor JPS20 JonDeTech Sensors AB announced launching the evaluation kit EVK-J20CL for the Company's new proximity sensor JPS20 for contactless presence detection. The Company's latest addition to its product portfolio is the proximity sensor JPS20, which detects presence using infrared radiation and has a range of approximately 20 centimeters. The product is designed for integration into smaller electronic devices where it can enhance performance and reduce power consumption, for example, by activating power-saving mode when the devices are not in use. The launch of the evaluation kit for JPS20 is an important step in JonDeTech's strategy to broaden its product offering and complements the Company's JIRS40 sensor, which offers more features and a longer range for contactless presence detection. With the EVK-J20CL evaluation kit, the Company's distributors and customers can evaluate and develop applications using the JPS20 proximity sensor. Annonce • Sep 18
JonDeTech Sensors AB (publ) to Report Q3, 2024 Results on Nov 18, 2024 JonDeTech Sensors AB (publ) announced that they will report Q3, 2024 results on Nov 18, 2024 Annonce • Aug 07
JonDeTech Sensors AB Launches New Proximity Sensor JonDeTech Sensors AB (publ) announced the development and upcoming launch of new proximity sensor, set to hit the market in 2024. This latest addition is designed to complement existing product portfolio and has already garnered significant interest from partners and distributors globally. The global market for proximity sensors is poised for substantial growth, projected to reach significant figures in the coming years due to increasing demand in automation, consumer electronics, and automotive applications. JonDeTech is strategically positioned to capture a considerable share of this expanding market with innovative technology. Reported Earnings • Jul 26
Second quarter 2024 earnings released: kr0.34 loss per share (vs kr4.90 loss in 2Q 2023) Second quarter 2024 results: kr0.34 loss per share (improved from kr4.90 loss in 2Q 2023). Revenue: kr1.96m (up 13% from 2Q 2023). Net loss: kr5.76m (loss narrowed 9.7% from 2Q 2023). Reported Earnings • Apr 29
First quarter 2024 earnings released: kr0.01 loss per share (vs kr0.12 loss in 1Q 2023) First quarter 2024 results: kr0.01 loss per share (improved from kr0.12 loss in 1Q 2023). Revenue: kr2.39m (up 52% from 1Q 2023). Net loss: kr12.1m (loss narrowed 11% from 1Q 2023). Annonce • Apr 20
JonDeTech Sensors AB (publ) Appoints Niklas Kvist as Chief Product Officer JonDeTech Sensors AB (public) announced that CEO Leif Borg has appointed Niklas Kvist as the Chief Product Officer (CPO) and a member of the Company's management team. Niklas Kvist has extensive experience in both the technology and component markets and has previously held positions such as CTO at Wifog and VP Engineering at Neonode. He has also held several key positions at JonDeTech. Between 2017 and 2022, Niklas Kvist served as the head of JonDeTech's engineers and was responsible for the Company's application development. Niklas Kvist will assume his new role on April 22, 2024. Annonce • Apr 03
JonDeTech Sensors AB (publ), Annual General Meeting, May 03, 2024 JonDeTech Sensors AB (publ), Annual General Meeting, May 03, 2024, at 10:00 Central European Standard Time. Location: Eversheds Sutherland Advokatbyrå's premises at Sveavägen 20 Stockholm Sweden Agenda: To consider opening of the meeting; to consider election of the chairman of the meeting; to consider approval of the agenda; to consider preparation and approval of the voting list; to consider election of one or two persons to verify the minutes; to consider determination whether the meeting has been duly convened; to consider presentation of the annual report and the auditor's report and the consolidated financial statements and the auditor's report on the consolidated financial statements; to consider statement by the CEO; to consider determination of the remuneration to the board of directors and auditors; and to consider other matters. Reported Earnings • Feb 22
Full year 2023 earnings released: kr0.26 loss per share (vs kr0.61 loss in FY 2022) Full year 2023 results: kr0.26 loss per share. Revenue: kr7.69m (down 38% from FY 2022). Net loss: kr38.5m (loss widened 4.5% from FY 2022). Annonce • Dec 12
JonDeTech Sensors AB Announces CEO Changes The board of JonDeTech Sensors AB has appointed Leif Borg as the company's new CEO on December 11, 2023. Leif Borg has extensive experience within the company, from roles such as COO and acting CEO, and he will drive the commercialization of the company's offering and continue to build important customer and supplier relationships. Leif will assume the position with immediate effect. Former CEO Dean Tosic will be available to the company during his notice period. Recent Insider Transactions • Dec 01
Independent Director recently sold kr71k worth of stock On the 24th of November, Bengt Åke Lindblad sold around 1m shares on-market at roughly kr0.058 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Annonce • Nov 15
Jondetech Launches A New Concept Design for Heat Flux Measurement Based on the World's Thinnest Sensor Element JonDeTech's self-developed sensor element JIRS30 is approaching commercial status, and to meet customer requests, the company has developed a first prototype in the heat flux area for wearables, a market undergoing substantial growth. The fact that JIRS30 is one of the world's thinnest sensor elements makes it particularly suitable for placing in, for example, smartwatches and smart patches. The "JIRS30 heat-flux demonstrator" will be an essential part of the company's sales process to illustrate various principles related to heat transfer. Some of the application areas that the demonstrator can exemplify include: Body temperature measurement in smartwatches and smart wearables. Shows how reflective materials can block or reduce radiant heat transfer, which is important in energy-efficient window design applications. Control of heat flux over different materials or setups: this is important for instruments in analysis where heat transfer and temperature stability are essential. Thermal conductivity of different materials by placing them in contact with a heat source and observing how quickly or slowly they heat up. This is useful when creating applications related to, for example, insulation in buildings. Reported Earnings • Oct 18
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr1.57m (down 63% from 3Q 2022). Net loss: kr7.12m (flat on 3Q 2022). Reported Earnings • Aug 13
Second quarter 2023 earnings released: kr0.05 loss per share (vs kr0.43 loss in 2Q 2022) Second quarter 2023 results: kr0.05 loss per share (improved from kr0.43 loss in 2Q 2022). Revenue: kr1.73m (down 9.7% from 2Q 2022). Net loss: kr6.38m (loss narrowed 51% from 2Q 2022). Annonce • Jul 04
JonDeTech Sensors AB Announces Erik Mossakowski Leaves as CFO, Effective August 15, 2023 JonDeTech Sensors AB announced its to enable further optimization of the company's costs in relation to current conditions, the company and Erik Mossakowski have decided to restructure CFO responsibilities. Erik will leave the company with last working day being August 15, 2023. The CFO responsibilities will going forward be divided between existing internal and external resources. During the past number of quarters, JonDeTech's management and board have worked diligently to focus business and lower costs in order to adapt the JonDeTech Group to above all increasingly challenging capital market conditions. In this work, the company's CFO, Erik Mossakowski, has played a key role. Due to additional savings requirements, the company and Erik have agreed to restructure the business one step further by reorganizing the CFO responsibilities. After completing work on JonDeTech's second quarter report, Erik will leave the company. Reported Earnings • Feb 19
Full year 2022 earnings released: kr1.13 loss per share (vs kr1.08 loss in FY 2021) Full year 2022 results: kr1.13 loss per share (further deteriorated from kr1.08 loss in FY 2021). Revenue: kr12.3m (up 23% from FY 2021). Net loss: kr35.9m (loss widened 17% from FY 2021). Annonce • Feb 04
JonDeTech Adds New Packaged IR Sensor, Jirs40, to the Portfolio JonDeTech adds a new packaged IR sensor, JIRS40, to the portfolio. In addition to the in-house developed nanosensor element JIRS30 and the sourced silicon mems element JIRS10, JonDeTechs further strengthens its hardware portfolio with a packaged IR sensor, JIRS40. JIRS40, like JIRS10, is based on silicon mems but is a packaged product that contains a sensor, amplifier, thermistor, optical filter, and encapsulation. In addition, the sensor element on which the JIRS40 is based is already available in volume. In 2022, JonDeTech evaluated several IR sensor elements that were already available on the market to be able to implement in existing applications to offer to both existing and new customers. JIRS40 is a packaged sensor product that fits well into and complements the existing products in JonDeTech's portfolio. In addition to the sensor's good features regarding price and performance, it works very well with the company's patented software for presence detection (wake-on approach). As a result, JIRS40 will already be available for customers and partners to evaluate and will also soon be able to be delivered in larger volumes. Annonce • Jan 06
Jondetech (Publ) Announces Executive Changes JonDeTech (publ) announced that Chairman Erik Hallberg resigns from the Board at his own request with immediate effect due to private and personal reasons. The Board has appointed Board member Jan Johannesson as new Chairman of the Board for the period until the Annual General Meeting 2023.Jan Johannesson has been member of the board since mid 2021 and has been deeply involved with JonDeTech both on a strategic and operational level. Jan's previous experience include among other SVP Fingerprint Cards and he has a broad experience from the semiconductor industry. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Karl Lundahl was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr4.22m (up 156% from 3Q 2021). Net loss: kr7.16m (loss widened 19% from 3Q 2021). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Bengt Åke Linblad was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 19
Full year 2021 earnings released: kr1.08 loss per share (vs kr1.38 loss in FY 2020) Full year 2021 results: kr1.08 loss per share (up from kr1.38 loss in FY 2020). Revenue: kr9.98m (down 9.0% from FY 2020). Net loss: kr30.8m (loss narrowed 33% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Breakeven Date Change • Mar 10
Forecast to breakeven in 2023 The analyst covering JonDeTech Sensors expects the company to break even for the first time. New forecast suggests the company will make a profit of kr8.00m in 2023. Average annual earnings growth of 104% is required to achieve expected profit on schedule. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr1.08 loss per share (up from kr1.38 loss in FY 2020). Revenue: kr9.98m (down 9.0% from FY 2020). Net loss: kr30.8m (loss narrowed 33% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 281%, compared to a 16% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Nov 05
Third quarter 2021 earnings released The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: kr1.65m (down 26% from 3Q 2020). Net loss: kr6.02m (loss narrowed 66% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The analyst covering JonDeTech Sensors expects the company to break even for the first time. New forecast suggests the company will make a profit of kr8.00m in 2023. Average annual earnings growth of 89% is required to achieve expected profit on schedule. Reported Earnings • Aug 12
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker revenues, weaker control over costs and no improvement to losses. Second quarter 2021 results: Revenue: kr3.07m (down 11% from 2Q 2020). Net loss: kr8.26m (flat on 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 25
Earnings miss expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 95% compared to a 9.5% growth forecast for the Electronic industry in Sweden. Reported Earnings • Feb 23
Full year 2020 earnings released: kr1.25 loss per share (vs kr1.11 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: kr11.0m (up 2.5% from FY 2019). Net loss: kr33.0m (loss widened 65% from FY 2019). Is New 90 Day High Low • Feb 09
New 90-day high: kr11.95 The company is up 30% from its price of kr9.22 on 10 November 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. Annonce • Jan 09
JonDeTech Sensors AB (publ) Begins Contract Negotiations Regarding a Joint Venture with Varioprint AG JonDeTech Sensors AB (publ) and Varioprint AG announced that they have signed a so-called term sheet, meaning that negotiations regarding a long-term collaboration regarding the development, production and distribution of JonDeTech's sensor elements will begin. The goal is to have reached a consensus by 30 June 2021 on issues concerning, among other things, forms of cooperation, financing, organization, volume targets and production units related to target markets. JonDeTech and Varioprint have been in close contact for the past two years with the explicit goal of developing, producing, and selling JonDeTech's unique IR sensor. To achieve an optimal outcome in all processes, the parties have decided that in-depth cooperation with, among other things, the transfer of knowledge and equipment as well as staff training is both necessary and crucial. In the term sheet that has now been signed, the parties agree to initiate discussions immediately and that the agreement runs until a contract is in place. Is New 90 Day High Low • Oct 26
New 90-day low: kr8.54 The company is down 19% from its price of kr10.55 on 28 July 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period. Is New 90 Day High Low • Oct 07
New 90-day low: kr9.92 The company is down 6.0% from its price of kr10.60 on 09 July 2020. The Swedish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. Recent Insider Transactions • Sep 19
Head of Sales & Engineering recently sold kr751k worth of stock On the 15th of September, Niklas Kvist sold around 46k shares on-market at roughly kr16.33 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr1.5m more than they bought in the last 12 months. Annonce • Sep 18
JonDeTech Sensors AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 36.3456 million. JonDeTech Sensors AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 36.3456 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,634,560
Price\Range: SEK 10
Transaction Features: Regulation S; Rights Offering