Annuncio • May 08
Terranet AB has filed a Follow-on Equity Offering in the amount of SEK 11.785 million. Terranet AB has filed a Follow-on Equity Offering in the amount of SEK 11.785 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 99,872,881
Price\Range: SEK 0.118
Transaction Features: Subsequent Direct Listing Annuncio • Apr 27
Terranet AB Announces Anders Blom Declines Re-Election as Board Member Terranet AB, announced that Anders Blom has declined re-election as board member in the coming annual general meeting. Annuncio • Apr 21
Terranet AB, Annual General Meeting, May 20, 2026 Terranet AB, Annual General Meeting, May 20, 2026, at 14:00 W. Europe Standard Time. Location: mobilvagen 12, building bricks, venue oktagonen, lund Sweden Annuncio • Oct 06
Terranet AB (Publ) Receives Confirmation That the Company Will Be Granted A Swedish Patent for A Method That Improves Input to an Ai-Generated Model Used for Motion Pattern Analysis Terranet has received confirmation that the company will be granted a Swedish patent for a method that improves input to an AI-generated model used for motion pattern analysis. This strengthens the company's patent protection and marks an important step in the development of BlincVision, Terranet's anti-collision system designed for urban traffic environments. BlincVision is based on event cameras, a laser scanner, software, and an AI model. Together, these components enable rapid analysis of traffic situations. The laser scanner sweep light beams across the surroundings. When the beams hit an object, they are reflected back and captured by the event cameras. The cameras send the data to the software for processing and conversion into three-dimensional (3D) light traces, which provide a detailed image of the object. The method for creating and inputting the 3D traces into the AI-generated perception model is covered by the new patent. By using the 3D traces, the perception model can identify the object and analyze its movement patterns. The patent will be valid in Sweden, and the company intends to file corresponding applications internationally. Terranet has a clear focus on building strong patent protection related to event-based cameras and real-time perception. Annuncio • Jun 20
AstraZero Completes Research Project Verdas Terranet AB (publ) announced that it has now been completed - a collaboration led by AstaZero, a subsidiary of RISE, and carried out together with Terranet, If Insurance, Folksam, the Swedish Transport Administration, Volvo Cars, Toyota, Zenseact, Aptiv, and Viscando. The project was funded by Vinnova, Sweden's innovation agency, and aimed to develop new physical and virtual verification methods for more robust driver assistance systems (ADAS), with a particular focus on accident scenarios involving vulnerable road users. The project has been carried out in close dialogue with Euro NCAP and has taken important steps to improve how future driver assistance systems are tested and evaluated. The work shows that today's test methods do not always capture accident scenarios that occur in real traffic - especially when pedestrians are involved. To ensure that the systems function in these situations, new test methods need to be developed to better reflect these types of accidents. Euro NCAP will introduce new test methods for robust ADAS functionality in Euro NCAP 2026. The VERDAS project has contributed by proposing test scenarios that include both infrastructure elements and interactions with other road users. Examples of highlighted test scenarios include: Pedestrian stepping out from between parked cars. Pedestrian stepping out from behind another pedestrian. Pedestrian stepping up from behind traffic light poles. Scen scenarios that may seem simple - but place high demands on the technology's ability to detect and predict movement in a dynamic and often complex environment. The closing event at RISE Proving Ground AstaZero brought together representatives from all participating parties, as well as Euro NCAP and Vinnova. Presentations were given by AstaZero, Euro NCAP, and the project group. Participants were given insights into the project methodology, implementation, and results from the past year. The event concluded with a forward-looking perspective on the next step - the newly launched follow-up project VERDAS 2, in which Terranet is participating. Annuncio • Jun 13
Terranet AB has completed a Composite Units Offering in the amount of SEK 14.991171 million. Terranet AB has completed a Composite Units Offering in the amount of SEK 14.991171 million.
Price\Range: SEK 1.08
Transaction Features: Rights Offering Annuncio • May 24
Terranet AB Elects Uwe Brandenburg as Board Member Terranet AB at the Annual General Meeting held on May 23, 2025 Uwe Brandenburg was elected as a new board member. Annuncio • May 22
Terranet AB to Report Fiscal Year 2025 Results on Feb 12, 2026 Terranet AB announced that they will report fiscal year 2025 results on Feb 12, 2026 Annuncio • Apr 17
Terranet AB, Annual General Meeting, May 23, 2025 Terranet AB, Annual General Meeting, May 23, 2025, at 14:00 W. Europe Standard Time. Location: at mobilvagen 12, bricks building, room, oktagonen, lund Sweden Annuncio • Dec 31
Terranet AB to Report Q1, 2025 Results on May 08, 2025 Terranet AB announced that they will report Q1, 2025 results on May 08, 2025 Annuncio • Dec 30
Terranet AB to Report Fiscal Year 2024 Final Results on Apr 25, 2025 Terranet AB announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on Apr 25, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings released: kr0.01 loss per share (vs kr0.014 loss in 3Q 2023) Third quarter 2024 results: kr0.01 loss per share (improved from kr0.014 loss in 3Q 2023). Net loss: kr8.73m (flat on 3Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Annuncio • Nov 07
Terranet AB Communicates the Key Milestones for Product Development in 2025 Terranet AB has communicated the key milestones for product development in 2025. The goal for the first half of the year is to develop an MVP (Minimum Viable Product), which will pave the way for upcoming volume agreements. In 2025, customer projects are expected to provide valuable input for further developing the BlincVision prototype into an MVP (Minimum Viable Product). Once the MVP is completed, the company can sign agreements and begin the process towards volume production. Annuncio • Nov 04
Terranet AB (Publ) Presents Its Updated Product Development Plan for Blincvision Terranet AB (publ) presents its updated product development plan for BlincVision, an advanced driver assistance system, with clear goals set for 2025. Customer projects have been initiated, and the goal for the first half of the year is to develop an MVP (Minimum Viable Product) to pave the way for volume agreements and meet market demand. BlincVision sets a new standard for anti-collision solutions by combining patented event camera technology with AI-trained software. The system uses minimal data processing, making the technology faster than any other solution on the market. It enables real-time decision-making and raises the bar for safety in the automotive industry. BlincVision's functionality has been demonstrated through a prototype, which has been crucial in bringing the product closer to potential customers, such as automakers or their major suppliers. The next step is to work together with these stakeholders to adapt and integrate the product into the vehicle's existing safety systems, enhancing safety and improving the driving experience. Terranet is following its product development plan and communicates the progress frequently. After many years of research and development, a prototype of BlincVision was showcased at the beginning of 2024, first in a lab environment and later outdoors on a moving vehicle. In the fall of 2024, the system was also tested on an accredited test track, where BlincVision performed a full autonomous braking. BlincVision is an anti-collision solution designed to improve or replace other safety systems in a more cost-effective way, increasing safety and saving more lives. With stricter safety requirements in the automotive industry, systems like BlincVision will be crucial for both driver-operated and autonomous vehicles in the future. Terranet is now in a product development phase where all employees are focused on optimizing the prototype with valuable feedback from vehicle manufacturers and major suppliers. This work will lead to an MVP (a first version of the product that can be tested on the market), a product that can be widely offered to vehicle manufacturers and suppliers. Once the MVP is fully integrated into a vehicle, work towards volume production can begin. Key milestones in BlincVision's product development for 2025 are as follows: First Quarter: Proof of Concept results with a partner via MobilityXlab and initiate the next customer project. Second Quarter: Further development of the existing prototype into an MVP (minimum Viable Product). Third Quarter: Verification of the MVP in customer vehicle and adjustments based on market demands. A partnership agreement is signed, initiating dialogue on volume production. BlincVision’s functionality has been demonstrated through a prototype, which has been crucial in bringing the product closer to potential customers, such as automakers or their major suppliers. The next step is to work together with these stakeholders to adapt and integrate the product into the vehicle’s existing safety systems, enhancing safety and improving the driving experience. Terranet is following its product development plan and communicates the progress frequently. After many years of research and development, a prototype of BlincVision was showcased at the beginning of 2024, first in a lab environment and later outdoors on a moving vehicle. In the fall of 2024, the system was also tested on an accredited test track, where BlincVision performed a full autonomous braking. BlincVision is an anti-collision solution designed to improve or replace other safety systems in a more cost-effective way, increasing safety and saving more lives. With stricter safety requirements in the automotive industry, systems like BlincVision will be crucial for both driver-operated and autonomous vehicles in the future. Terranet is now in a product development phase where all employees are focused on optimizing the prototype with valuable feedback from vehicle manufacturers and major suppliers. This work will lead to an MVP (a first version of the product that can be tested on the market), a product that can be widely offered to vehicle manufacturers and suppliers. Once the MVP is fully integrated into a vehicle, work towards volume production can begin. Key milestones in BlincVision's product development for 2025 are as follows: Q1: Proof of Concept results with a partner via MobilityXlab and initiate the next customer project. Q2: Further development of the existing prototype into an MVP (Minimum Viable Product). Q3-4: Verification of the MVP in customer vehicle and adjustments based on market demands. A partnership agreement is signed, initiating dialogue on volume production. Annuncio • Oct 15
Magnus Andersson, CEO Announces Intention to Leaves Terranet AB Terranet's CEO Magnus Andersson has informed the Board of Directors that he intends to leave Terranet in early 2025 for a CEO position in another company in another industry. A recruitment process to find a successor has been initiated. New Risk • Jun 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 71% 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 (-kr38m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Revenue is less than US$1m (kr2.6m revenue, or US$247k). Minor Risk Market cap is less than US$100m (€12.4m market cap, or US$13.3m). Annuncio • May 16
Terranet Appoints Jonas Renander as Strategic Business Developer (CCO, Chief Commercial Officer) Terranet welcomes Jonas Renander as strategic business developer (CCO, Chief Commercial Officer). He joins the company at a crucial time as Terranet is in the process of finalizing the company's first prototype for BlincVision while also deepening dialogues with potential customers and partners. Jonas Renander has over 20 years of experience in sales and project management on the global stage, including in anti-collision systems for the automotive industry. Among the companies he has worked with are Volvo Trucks, Volvo Cars, SAAB Automobile, and CEVT. Jonas Renander will be part of the management team. New Risk • May 08
New major risk - Revenue and earnings growth Earnings have declined by 0.4% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Less than 1 year of cash runway based on free cash flow trend (-kr38m free cash flow). Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (168% increase in shares outstanding). Revenue is less than US$1m (kr2.8m revenue, or US$256k). Market cap is less than US$10m (€9.05m market cap, or US$9.73m). New Risk • May 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.24m (US$9.95m) 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 (-kr37m free cash flow). Share price has been highly volatile over the past 3 months (38% average weekly change). Shareholders have been substantially diluted in the past year (168% increase in shares outstanding). Revenue is less than US$1m (kr3.4m revenue, or US$314k). Market cap is less than US$10m (€9.24m market cap, or US$9.95m). Annuncio • May 03
Terranet AB (publ) Intensifies Integration of Prototype in Car Terranet AB (publ) is well in line with the previously presented development plan. Relevant adjustments from previous lab tests have been made, and the company is now fully focused on integrating the driver assistance system BlincVision into vehicles. Part of the integration work involves evaluating sensor placements, adapting communication interfaces to vehicles and optimizing the system for use in a mobile environment. Optimizing sensor placements maximizes efficiency and coverage. The tests also aim to ensure seamless, compatible and reliable communication between BlincVision and the existing systems in the vehicle. Terranet differs from existing solutions on the market through a unique combination of laser scanner, event camera and AI-trained software. The pioneering use of the selected sensor type enables significantly faster identification of other road users, such as pedestrians and cyclists, in driving surroundings compared to existing systems. The tests aim to evaluate the system's performance and reliability in a dynamic traffic environment. The company intends to continuously update the stock market and other stakeholders on the development process and progress going forward. Reported Earnings • May 02
Full year 2023 earnings released: kr0.15 loss per share (vs kr0.10 loss in FY 2022) Full year 2023 results: kr0.15 loss per share (further deteriorated from kr0.10 loss in FY 2022). Net loss: kr73.2m (loss widened 127% from FY 2022). Annuncio • Apr 19
Terranet AB (Publ) Announces Success for AstaZero's Test Track Validate BlincVision's Potential Terranet AB (publ) has conducted tests in AstaZero's test environment and obtained positive outcomes for the company. The results demonstrate significant potential for the company's Advanced Driver Assistance System, BlincVision. The tests have been conducted at a Euro NCAP-approved test facility, meaning that these results directly contribute to Euro NCAP's ADAS rating methods for 2026. In the fall of 2023, company was granted funding from the innovation agency Vinnova. The funding entailed collaborating with AstaZero to develop new testing methods for Advanced Driver Assistance Systems (ADAS), which have now been successfully implemented. These testing methods pave the way for significant improvements in traffic safety and for what todays and future driver assistance systems can achieve. AstaZero is a well-known test environment approved by Euro NCAP, entirely independent and created to evaluate the safety of future traffic, particularly for automated driving and connected vehicles. What makes AstaZero unique is its various traffic environments, enabling testing of advanced safety systems and their functions under a range of traffic and road conditions. The project has focused on different scenarios, such as obscured visibility of pedestrians and cyclists. Annuncio • Apr 13
Terranet AB (Publ) Begins Integration of Prototype in Car Terranet AB (publ) announced that the Company has started the preparatory work for the upcoming prototype tests of BlincVision in car during the second quarter of the year. Important tests are expected to be completed during the second quarter of and to be contractual. Dialogue with manufacturers and suppliers forms the basis for how the tests are designed. At the beginning of April, the company initiated the work of optimizing the various components of BlincVision system based on last quarter's test results. Furthermore, work on product specifications and preparations for the upcoming prototype tests in car will be intensified in line with the previously communicated time and development plan. The company is now well on track for the upcoming prototype demo in the car, mainly after a number of strong progress in development work that was recently communicated to manufacturers, suppliers and the stock market. During the second quarter of the year, the Company intends to continuously update the stock market on the Company's continued development within the framework of the ongoing tests. Annuncio • Apr 05
Terranet AB (publ) Completes Prototype Tests in Lab During the First Quarter Terranet AB (publ) announced that the Company has received positive results from the previously communicated prototype tests performed in the lab during the first quarter. The data generated validates the technology and enables the company to initiate in-car tests in the near future and continue the development of BlincVision. During the tests, relevant measurements have been carried out on an ongoing basis in areas such as latency, object identification, object classification, light conditions and eye safety, which have been successfully carried out and have generated important data for continued product development. The main purpose was to validate the functionality and capacity of the system in a controlled environment. Particularly satisfying was verifying unique and fast reaction time as well as a confirmation that the system works in different lighting conditions. In parallel with the initiation of the prototype tests in the car, the development of BlincVision's performance and precision is now continuing. Through this prototype test in the lab, the Company has obtained crucial data that will now be translated into relevant specifications which Terranet now can discuss in detail with potential partners for the first time. This is an important and significant milestone in the commercialization of the technology, which is the basis for forging attractive partnerships. Annuncio • Jan 31
Terranet AB Approves the Election of Mats Fägerhag as New Board Member The extraordinary general meeting in Terranet AB took place on 31 January 2024. The meeting resolved with the required majority in accordance with the following: The meeting resolved, in accordance with the nomination committee's proposal, to increase the number of board members in the Company to seven without deputies, to elect Mats Fägerhag as a new board member in the Company until the end of the annual general meeting 2024 and that Mats Fägerhag shall receive a remuneration corresponding to the remuneration that the annual general meeting 2023 resolved would be paid to board members who are not employed by the Company calculated pro rata for the period Mats Fägerhag is a board member in the Company until the end of the next annual general meeting. Annuncio • Dec 05
Terranet AB (publ) Continues to Develop New Testing Methods with Funding from the Swedish Transport Administration Terranet AB (publ) has been awarded a grant of SEK 614,000 from the Swedish Transport Administration's Skyltfonden for a joint project with RISE's test bed AstaZero. The project, which runs throughout all of 2024, aims to improve traffic safety for unprotected road users by developing new testing methods and technologies for advanced driver assistance systems (ADAS). The project includes six work packages to be carried out over the year 2024: Updating testing methods: Focuses on the obscured visibility of pedestrians, cyclists, and e-scooters at higher speeds and new impact points based on field data. Development of L2 scenarios: Targets scenarios where cyclists or e-scooters suddenly swerve in front of a car. Prototype integration in test vehicle: Implements the BlincVision prototype system in a test car at Revere at Chalmers, with mounting of testing equipment and driving robot done by AstaZero. Verification tests: Tests BlincVision and a ADAS system with the updated and new methods for validation and verification. Analysis and reporting: Compiles data and results from the tests. Final report: Produces a comprehensive report on the project's outcomes. Annuncio • Nov 29
Terranet AB Appoints Pierre Ekwall as the New CTO & SVP of Engineering, effective December 1, 2023 Terranet has hired Pierre Ekwall as the new CTO & SVP of Engineering. Pierre comes from the role of Vehicle line manager at Einride and has previous experience in technology and innovation development from, among others, Volvo Cars, SAAB Automobile, and Semcon. The employment starts on December 1st. Pierre brings over 20 years of experience from several companies in the automotive industry and has, among other things, worked as a function and component developer for sub-suppliers to vehicle manufacturers with a focus on autonomous vehicles and safety systems. Before his most recent role at Einride, Pierre worked as a Program launch manager within the company's global development operations and has worked with the launch and production of autonomous vehicles for the American and European markets. In the role of CTO & SVP of Engineering, Pierre will lead the company's technical development with the aim of taking BlincVision to market. Reported Earnings • Nov 17
Third quarter 2023 earnings released: kr0.01 loss per share (vs kr0.022 loss in 3Q 2022) Third quarter 2023 results: kr0.01 loss per share. Net loss: kr8.74m (loss widened 20% from 3Q 2022). Annuncio • Nov 17
Terranet AB, Annual General Meeting, May 22, 2024 Terranet AB, Annual General Meeting, May 22, 2024. Annuncio • Oct 23
Terranet AB Announces Resignation of Nihat Kücük as CTO Terranet and Nihat Kücük, the CTO, have mutually agreed to part ways. The purpose is to accelerate the product development of BlincVision, and the previously communicated timetable remains. A permanent replacement is expected to be in place shortly. Recruitment of a new CTO from the automotive industry is ongoing and is expected to be completed shortly. Until then, the development work is led by the CEO, Magnus Andersson together with external advisors, and the Company's Team Lead, who has extensive experience from the automotive industry's subcontractor Bosch. Annuncio • Oct 11
Terranet Announces CFO Changes Terranet announced that Dan Wahrenberg assumes the role of permanent CFO at Terranet. The new CFO will be Dan Wahrenberg, who will also be responsible for the company's Investor Relations. Dan replaces Thomas Falkenberg, who has been serving as the interim CFO. Dan brings extensive experience from several CFO positions at publicly traded companies such as Anoto Group, LifeAssays, and MultiQ, and has most recently held the position of CFO at Asperiq Group. Dan will assume the role on October 16, 2023. Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Net loss: kr12.3m (loss widened 67% from 2Q 2022). Annuncio • Aug 12
Terranet AB to Report Q2, 2023 Results on Aug 17, 2023 Terranet AB announced that they will report Q2, 2023 results on Aug 17, 2023 New Risk • Jun 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 92% 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 (-kr32m free cash flow). Share price has been highly volatile over the past 3 months (643% average daily change). Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Revenue is less than US$1m (kr2.4m revenue, or US$224k). Minor Risk Market cap is less than US$100m (€10.4m market cap, or US$11.3m). Annuncio • Jun 10
Terranet AB (Publ) Announces Successful Testing of Laser Scanner for Adas and Autonomous Cars Terranet AB (publ) has undergone successful testing in a controlled laboratory environment. The laser scanner serves as a vital component of the BlincVision anti-collision product, and this testing phase marks a significant milestone towards integrating the system into vehicles. The new laser scanner unit has been extensively and successfully tested in conjunction with the existing event camera technology. The scanner has demonstrated excellent performance by effectively detecting and visualizing objects within a range of 5 to 30 meters. The laboratory demonstration took place under indoor fluorescent lighting conditions. The laser scanner operated five near-infrared laser beams at a peak power of 60W total, and a repetition rate of 400kHz. Annuncio • May 11
Terranet AB Announces Appointment of Torgny Hellström as Chairman of the Board Terranet AB announced that annual general meeting held on 10 May 2023 it was resolved to elect Torgny Hellström as a new board member. Torgny Hellström was elected chairman of the board. Annuncio • May 10
Terranet AB to Report Q1, 2023 Results on May 17, 2023 Terranet AB announced that they will report Q1, 2023 results on May 17, 2023 Reported Earnings • Apr 20
Full year 2022 earnings released: kr0.10 loss per share (vs kr0.17 loss in FY 2021) Full year 2022 results: kr0.10 loss per share (improved from kr0.17 loss in FY 2021). Net loss: kr32.3m (loss narrowed 28% from FY 2021). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2022 earnings released: kr0.10 loss per share (vs kr0.17 loss in FY 2021) Full year 2022 results: kr0.10 loss per share (improved from kr0.17 loss in FY 2021). Net loss: kr32.3m (loss narrowed 28% from FY 2021). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annuncio • Feb 17
Terranet AB to Report Fiscal Year 2022 Results on Feb 23, 2023 Terranet AB announced that they will report fiscal year 2022 results on Feb 23, 2023 Reported Earnings • Nov 19
Third quarter 2022 earnings released Third quarter 2022 results: Net loss: kr7.27m (loss narrowed 4.8% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Director Karolina Bjurehed is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Sep 28
Terranet Ready to Produce the First Sample Unit of its Laser Scanning Module Terranet has completed its extensive development and simulation phase required to finalize the technical specs of its laser scanning unit for the automotive industry. The next step is to decide on a partner who will manufacture the A-sample. Over the past year, Terranet has made significant progress in the development of its lifesaving driver assistance solution BlincVision, which is based on the vision technology VoxelFlow exclusively licensed by Terranet. BlincVision consists of three main hardware units: laser scanner, vision sensor, and computing unit. The extensive engineering and simulation work have resulted in an effective solution for accelerating and miniaturizing the laser scanner. Additionally, Terranet has been able to increase the scanner’s precision and detection range by, among other things, changing to another wavelength of the laser, modifying the number of emitted beams, and the shape and position of various lenses and micromechanical mirrors. The laser can now be classified as eye-safe according to the international standard IEC 60825-1, a key achievement and milestone on the way to a finished BlincVision product. With the specifications for the laser scanner module determined, Terranet is ready to start production of an A-sample of the scanner. The work to determine the specifications for the other two modules proceeds in parallel according to plan. Functional prototypes for the complete BlincVision solution shall be ready in 2023. Reported Earnings • Aug 19
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: kr7.37m (loss narrowed 22% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Annuncio • Jul 15
Terranet Appoints Magnus Andersson as New CEO, Effective from September 1, 2022 Terranet’s Board of Directors has appointed Magnus Anderssonas the new CEO of the company. Magnus has over 20 years of international experience in successfully building and leading fast-growing tech companies in the automotive industry and energy sector. Hemost recently held the position as Interim CEO of transportation tech company Pilotfish, which provides acloud-based platform for vehicle communication to the public transport sector.Magnus Andersson will assume his new position on September 1st the latest. Reported Earnings • May 13
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr1.53m (down 30% from 1Q 2021). Net loss: kr9.34m (loss narrowed 6.6% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Director Karolina Bjurehed is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 08
Full year 2021 earnings released Full year 2021 results: Revenue: kr10.8m (up 179% from FY 2020). Net loss: kr44.7m (loss widened 28% from FY 2020). Annuncio • Feb 06
Terranet AB Announces Management Changes Terranet AB announced that during the period in which Göran Janson is having the role of interim CEO while the Company is looking for a permanent CEO, Göran Janson will temporarily step down from his position as Chairman, and now having the role as a Board Member. The Board Member Anders Blom has by the Board been appointed as interim Chairman of the Board during the same period. Annuncio • Feb 05
Terranet Announces CEO Changes Terranet AB announced that the Board of Directors has terminated Pär-Olof Johannesson’s employment as CEO of Terranet AB (publ.) (“Terranet”) with immediate effect. Terranet’s Chairman Göran Janson has taken over as interim CEO until a successor is put in place. The process of recruiting a successor CEO that will lead the company on its continued growth journey, has been initiated. Annuncio • Feb 01
Terranet AB Announces Changes in the Management Team Terranet AB announced that the company’s CMO, Michaela Berglund, has resigned from her duties at Terranet. Marketing and Sales will be managed by the CEO Pär-Olof Johannesson as of January 31, 2022. Executive Departure • Dec 01
Chief Financial Officer Johan Wangblad has left the company During their tenure, earnings grew by 13% annually compared to the industry average of 7.9%. As of September 2021, Johan still personally held only 27.50k shares (€3.8k worth at the time). Johan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.83 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Nov 23
Third quarter 2021 earnings: Revenues miss analyst expectations Third quarter 2021 results: Net loss: kr7.64m (loss widened 4.0% from 3Q 2020). Revenue missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 25
Second quarter 2021 earnings released Second quarter 2021 results: Net loss: kr9.48m (loss widened 21% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Board Change • Aug 20
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. 3 non-independent directors. Independent Chairman of the Board Goran Janson was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 02
Terranet AB Proving Ultra Low Latency at Startup Autobahn Terranet AB (Terranet/the Company) announced that it will be showcasing breakthrough developments to its ultra fast VoxelFlow™ sensor technology at STARTUP AUTOBAHN on July 21, 2021 in Stuttgart, Germany. Straight off the heels of its first appearance at STARTUP AUTOBAHN in February 2021, Terranet will once again join Mercedes-Benz in a joint physical presentation to expand upon previous developments in latency speed and data processing ability. This time through an integration of VoxelFlow’s™ lightning-fast 3D sensor technology in a Maybach, the prestigious vehicle by Mercedes-Benz. STARTUP AUTOBAHN, powered by Plug and Play and sponsored by Daimler and the University of Stuttgart, is an open-innovation platform that provides an interface between innovative tech companies and corporations. At the semi-virtual event on July 21, 2021, Terranet will highlight significant progress to address latency and provide an update to VoxelFlow’s™ integration with LiveMap. While existing systems struggle to differentiate between living and lifeless objects fast enough, together, VoxelFlow™ and LiveMap will be able to dynamically perceive moving objects, differentiate between living and lifeless objects, and subsequently recognize events and hazard spots. At the February STARTUP AUTOBAHN event, VoxelFlow™ showed the potential to scan an area of up to 40 meters and feed the 3D sensor data into LiveMap, improving the navigation experience while making roads safer. VoxelFlow™ showed that it is able to operate at extremely low latency, responding to sensor data much faster than today’s ADAS systems that take 300 milliseconds. It's expected to build upon that speed at this Summer’s event. Is New 90 Day High Low • Feb 06
New 90-day high: €0.22 The company is up 179% from its price of €0.08 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 13% over the same period. Annuncio • Jan 09
Terranet Holding AB (Publ) Receives First Voxelflow Prototype Purchase Order Terranet AB received a 31,000 EUR purchase order from Daimler Mercedes-Benz. This purchase order is a continuation of an Memorandum of Understanding (MoU) signed by both Terranet and Daimler in October to prototype demonstration, product development and industrialization of advanced driver assistance systems (ADAS and anti-collision solutions). The next step will be integrating VoxelFlow into a test car. Reported Earnings • Nov 16
Third quarter 2020 earnings released: kr0.05 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: kr748.0k (down 59% from 3Q 2019). Net loss: kr7.34m (loss narrowed 25% from 3Q 2019). 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 63% per year, which means it is significantly lagging earnings. Annuncio • Nov 12
Terranet AB Appoints Johan Wångblad as CFO, Effective December 1, 2020 Terranet AB announced the addition of Johan Wångblad as CFO, effective December 1, 2020. Mr. Wångblad joins Terranet after spending the last decades at Volvo Car Group, including the last twelve in Research and Development, where he held leading finance and accounting positions. In his most recent role at Volvo, Mr. Wångblad was Head of Operations at Volvo Car Technology Fund AB, the Volvo Group’s venture capital arm. Johan joins Terranet during a high growth period for the company as it's looking to add talent across divisions, including engineering and design, in order to bring its revolutionary VoxelFlow technology to market.