Annuncio • Mar 20
Linkfire A/S, Annual General Meeting, May 30, 2024 Linkfire A/S, Annual General Meeting, May 30, 2024. New Risk • Jan 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.13m (US$9.94m) 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 Less than 1 year of cash runway based on free cash flow trend (-kr.32m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (€9.13m market cap, or US$9.94m). Annuncio • Dec 22
Linkfire A/S Announces CEO Changes, Effective 1 January 2024 The Board of Directors of Linkfire A/S announced that co-founder and current Chief Commercial Officer, Jeppe Faurfelt, will assume the executive management of the Company as co-founder and CEO, Lars Ettrup and CFO, Tobias Demuth are stepping down and departing the operations of the Company, Lars Ettrup will remain in a strategic advisory role. Chairman of the Board, Jesper Møller and Board Member, Ole Larsen, will assist the Company's strong operational finance team. The change of CEO will be effective 1 January 2024. Jeppe Faurfelt has played a pivotal role in overseeing commercial strategy, operations, and shaping the client-facing organization to drive sustained industry relationships. His leadership has been instrumental in driving overall business growth with a global perspective, drawing upon his extensive experience in the U.S. market. Based in New York from 2016 to 2021, Faurfelt has successfully contributed to the expansion and success of the company. The Board of Directors is confident in Jeppe Faurfelt's ability to guide the company into its next phase after the delisting. Annuncio • Nov 24
Linkfire A/S Revises Earnings Guidance for the Year 2023 Linkfire A/S revised earnings guidance for the year 2023. For the financial year 2023, the company expects its revenue to be in the range of DKK 50 million to DKK 55 million (previously DKK 60 million to DKK 70 million), corresponding to a yearly growth of negative 5% to positive 5% (previously 14% to 33%). New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.34m (US$9.84m) 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 Less than 1 year of cash runway based on free cash flow trend (-kr.26m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (93% increase in shares outstanding). Market cap is less than US$10m (€9.34m market cap, or US$9.84m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr.870k net loss in 2 years). Reported Earnings • Aug 27
Second quarter 2023 earnings released: kr.0.06 loss per share (vs kr.0.30 loss in 2Q 2022) Second quarter 2023 results: kr.0.06 loss per share (improved from kr.0.30 loss in 2Q 2022). Revenue: kr.12.5m (up 25% from 2Q 2022). Net loss: kr.6.66m (loss narrowed 63% from 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Entertainment industry in Germany. Annuncio • Aug 09
Linkfire A/S Reaffirms Earnings Guidance for the Year 2023 Linkfire A/S reaffirmed earnings guidance for the year 2023. Linkfire maintains its guidance and commitment to reach profitability this year. Annuncio • Jul 18
Linkfire Receives Observation Status (386/23) Linkfire A/S (the “Company”) issued a press release with information that the Company intends to apply for delisting of its shares from Nasdaq First North Premier Growth Market. The rules of Nasdaq First North Growth Market state that an issuer can be given observation status if the issuer has disclosed its intention to delist its financial instruments from Nasdaq First North Premier Growth Market. Reported Earnings • May 26
First quarter 2023 earnings released: kr.0.05 loss per share (vs kr.0.26 loss in 1Q 2022) First quarter 2023 results: kr.0.05 loss per share (improved from kr.0.26 loss in 1Q 2022). Revenue: kr.13.1m (up 17% from 1Q 2022). Net loss: kr.6.08m (loss narrowed 60% from 1Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Entertainment industry in Germany. Annuncio • May 25
Linkfire A/S Provides Earnings Guidance for the Financial Year 2023 Linkfire A/S provided earnings guidance For the financial year 2023. For the year, company expects revenue in the range between DKK 60 million -70 million, corresponding to a yearly growth of 14-33 per cent. Board Change • Apr 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Director Thomas Knudsen is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 10
Full year 2022 earnings released: kr.0.96 loss per share (vs kr.0.77 loss in FY 2021) Full year 2022 results: kr.0.96 loss per share (further deteriorated from kr.0.77 loss in FY 2021). Revenue: kr.52.6m (up 56% from FY 2021). Net loss: kr.70.1m (loss widened 97% from FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Entertainment industry in Germany. Reported Earnings • Feb 24
Full year 2022 earnings released: kr.1.20 loss per share (vs kr.0.77 loss in FY 2021) Full year 2022 results: kr.1.20 loss per share (further deteriorated from kr.0.77 loss in FY 2021). Revenue: kr.52.6m (up 56% from FY 2021). Net loss: kr.70.0m (loss widened 97% from FY 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Germany. Board Change • Jan 12
High number of new directors Independent Chairman of the Board Jesper Moller was the last director to join the board, commencing their role in 2021. Breakeven Date Change • Dec 31
Forecast to breakeven in 2025 The analyst covering Linkfire expects the company to break even for the first time. New forecast suggests the company will make a profit of kr.5.57m in 2025. Average annual earnings growth of 79% is required to achieve expected profit on schedule. Annuncio • Dec 14
Linkfire A/S has completed a Follow-on Equity Offering in the amount of SEK 0.55457 million. Linkfire A/S has completed a Follow-on Equity Offering in the amount of SEK 0.55457 million.
Security Name: shares
Security Type: Common Stock
Securities Offered: 55,459,965
Price\Range: SEK 0.009999 Reported Earnings • Nov 25
Third quarter 2022 earnings released: kr.0.55 loss per share (vs kr.0.15 loss in 3Q 2021) Third quarter 2022 results: kr.0.55 loss per share (further deteriorated from kr.0.15 loss in 3Q 2021). Revenue: kr.14.6m (up 65% from 3Q 2021). Net loss: kr.32.6m (loss widened 287% from 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Entertainment industry in Germany. Annuncio • Nov 25
Linkfire A/S Reiterates Earnings Guidance for the Full-Year of 2022 Linkfire A/S reiterated earnings guidance for the full-year of 2022. The company reiterates its revenue expected between DKK 50 million to DKK 60 million. Annuncio • Oct 12
Linkfire A/S Maintains Earnings Guidance for the Full-Year of 2022 Linkfire A/S maintains earnings guidance for the full-year of 2022. The company maintains its full-year guidance for 2022 as communicated in the second quarter Interim report, expecting its revenue for the full year to be in the range of DKK 50 Million- DKK 60 Million, corresponding to a yearly growth of 48% -78%, and its EBITDA to be in the range of negative DKK 32 Million- DKK 42 Million. Annuncio • Sep 29
Linkfire A/S Provides Earnings Guidance for the Third Quarter and Year to Date of 2022 Linkfire A/S provided earnings guidance for the third quarter and year to date of 2022. In third quarter of 2022, the company expects its revenue to be in the range of DKK 13.0 million - DKK 15.0 million, corresponding to year-on-year growth of 46%-69% compared to third quarter of 2021 and 29%-49% compared to second quarter of 2022. Year to date of 2022 revenue is expected to amount to DKK 34.3 million - DKK 36.3 million,corresponding to a year-on-year growth of 43%-52%. The main drivers behind the expected revenue growth are an uptake in commission revenue and nonrecurring impacts from market development contracts in both third quarter and fourth quarter. The nonrecurring impacts are expected to lead to recurring revenue in 2023. Reported Earnings • Aug 26
Second quarter 2022 earnings released: kr.0.30 loss per share (vs kr.0.32 loss in 2Q 2021) Second quarter 2022 results: kr.0.30 loss per share. Revenue: kr.10.0m (up 31% from 2Q 2021). Net loss: kr.17.9m (loss widened 64% from 2Q 2021). Over the next year, revenue is forecast to grow 61%, compared to a 80,209% growth forecast for the Entertainment industry in Germany. Reported Earnings • May 26
First quarter 2022 earnings released: kr.0.26 loss per share (vs kr.0.35 loss in 1Q 2021) First quarter 2022 results: kr.0.26 loss per share. Revenue: kr.11.2m (up 51% from 1Q 2021). Net loss: kr.15.1m (loss widened 299% from 1Q 2021). Over the next year, revenue is forecast to grow 55%, compared to a 130% growth forecast for the industry in Germany. Annuncio • May 26
Linkfire A/S Provides Earnings Guidance for the Financial Year 2022 Linkfire A/S provided earnings guidance for the financial year 2022. for the year, the company expects its revenue to be in the range of DKK 50 million to DKK 60 million. Breakeven Date Change • May 01
No longer forecast to breakeven The analyst covering Linkfire no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr.5.48m in 2023. New forecast suggests the company will make a loss of kr.1.08m in 2024. Reported Earnings • Apr 08
Full year 2021 earnings released: kr.0.77 loss per share (vs kr.1.28 loss in FY 2020) Full year 2021 results: kr.0.77 loss per share. Revenue: kr.33.7m (up 36% from FY 2020). Net loss: kr.35.6m (loss widened 164% from FY 2020). Over the next year, revenue is forecast to grow 76%, compared to a 176% growth forecast for the industry in Germany. Annuncio • Apr 08
Linkfire A/S Provides Revenue Guidance for the Financial Year 2022 Linkfire A/S provided revenue guidance for the financial year 2022. For the financial year 2022, Linkfire expects its revenue to be in the range of DKK 50 million to DKK 60 million corresponding to a yearly growth of 48-78%. Annuncio • Mar 03
Linkfire A/S Appoints Laura Lindholm as Head of Investor Relations and Corporate Communications Linkfire A/S has appointed Laura Lindholm as new Head of Investor Relations and Corporate Communications. She will assume her position on March 1, 2022. Laura has a long background in driving and developing investor relations, corporate communications and media relations for companies operating globally. She will be responsible for the company's communications and investor relations strategy and will also be part of developing the company's ESG strategy. Laura joins the company from Miltton. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: kr.0.74 loss per share (up from kr.1.28 loss in FY 2020). Revenue: kr.33.7m (up 36% from FY 2020). Net loss: kr.34.3m (loss widened 155% from FY 2020). Revenue missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 76%, compared to a 340% growth forecast for the industry in Germany. Annuncio • Feb 07
Linkfire A/S Appoints Mario Forsyth as the New Head of Business Development – Channel Partners, Specifically Focusing on Social Media Platforms, Games and the Metaverse Linkfire A/S announced the appointment of Mario Forsyth as the new Head of Business Development – Channel Partners, specifically focusing on social media platforms, games and the metaverse. Mario Forsyth will assume his position on February 7, 2022. As the digital entertainment landscape continues to evolve, Linkfire is strengthening its position to cater to new consumer behaviour with the appointment of Mario Forsyth as Head of Business Development – Channel Partners. Mario will be responsible for building, maintaining, and growing Linkfire’s global partnerships pipeline. Discovery and consumption of entertainment is increasingly taking place across new platforms where consumers not only stream, but also engage with content, and Mario’s focus will be on these opportunities, specifically focusing on social media platforms and mobile apps. Mario brings extensive experience across all facets of business development strategy in the music and technology industries. Most recently, he served as the Head of Business Development in Europe for Tuned Global, a leading B2B music streaming technology partner, where he led expansion into EMEIA. Prior to Tuned Global, Mario oversaw business development for the streaming service 7digital. Board Change • Dec 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Thomas Rudbeck is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 21
Third quarter 2021 earnings released: kr.0.15 loss per share The company reported a soft third quarter result with weaker control over costs, although losses were stable and revenues were flat. Third quarter 2021 results: Revenue: kr.8.88m (flat on 3Q 2020). Net loss: kr.8.42m (flat on 3Q 2020). Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The analyst covering Linkfire expects the company to break even for the first time. New forecast suggests the company will make a profit of kr.5.48m in 2023. Average annual earnings growth of 83% is required to achieve expected profit on schedule. Breakeven Date Change • Sep 06
Forecast to breakeven in 2023 The analyst covering Linkfire expects the company to break even for the first time. New forecast suggests the company will make a profit of kr.5.48m in 2023. Average annual earnings growth of 72% is required to achieve expected profit on schedule.