Board Change • May 21
No independent directors There are 5 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: 5 new directors. 2 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Kristian Kolberg is the most experienced director on the board, commencing their role in 2018. 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 • Mar 27
Huddly AS has completed a Follow-on Equity Offering in the amount of NOK 11 million. Huddly AS has completed a Follow-on Equity Offering in the amount of NOK 11 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 550,000
Price\Range: NOK 20
Transaction Features: Regulation S; Rights Offering Annuncio • Jan 17
Huddly as Provides Earnings Guidance for the Year 2025 Huddly AS provided earnings guidance for the year 2025. The company estimated a revenue for 2025 in the range of NOK 210 million to NOK 215 million. Annuncio • Oct 12
Huddly AS has completed a Follow-on Equity Offering in the amount of NOK 7.670949 million. Huddly AS has completed a Follow-on Equity Offering in the amount of NOK 7.670949 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 697,359
Price\Range: NOK 11
Transaction Features: Rights Offering Annuncio • Aug 23
Huddly AS has completed a Follow-on Equity Offering in the amount of NOK 60.791984 million. Huddly AS has completed a Follow-on Equity Offering in the amount of NOK 60.791984 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 5,526,544
Price\Range: NOK 11
Transaction Features: Regulation S; Subsequent Direct Listing Annuncio • Aug 22
Huddly AS has filed a Follow-on Equity Offering in the amount of NOK 74.999991 million. Huddly AS has filed a Follow-on Equity Offering in the amount of NOK 74.999991 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 6,818,181
Price\Range: NOK 11
Transaction Features: Regulation S; Subsequent Direct Listing Annuncio • Apr 23
Huddly AS - Huddly Introduces New AI-Driven Videobar in European Roadshow with Lenovo and Microsoft Huddly is unveiling its new AI-driven videobar at the EMEA Roadshow, giving customers and partners an exclusive first look ahead of the global launch at InfoComm in the US in June. In cooperation with Lenovo and Microsoft, the roadshow highlights how AI is transforming hybrid collaboration—from smart scheduling, transcription and room insights to intelligent video and audio. Attendees will experience the latest Microsoft Teams Rooms solutions powered by Lenovo ThinkSmart™ and Huddly AI devices, built to meet the demands of modern hybrid workspaces. Annuncio • Jan 23
Huddly AS Approves Board Elections Huddly AS at its extraordinary general meeting held on 22 January 2025, elected Jon Øyvind Eriksen as the new chair of the board with a service period until October 2025. Jostein Devold is elected as a board member with a service period until October 2025. Bente Sollid is elected as a new board member with a service period until the annual general meeting in 2026. Anika Jovik is elected as a new board member with a service period until the annual general meeting in 2026. Michael Brandofino is elected as a new board observer with a service period until the annual general meeting in 2026. Following the election, the Board consists of: Jon Øyvind Eriksen (Chair of the Board), Jostein Devold (Board member), Kristian Kolberg (Board member), Bente Sollid (Board member), Anika Jovik (Board member), Michael Brandofino (Board observer) and Stein Ove Eriksen (Board observer). Annuncio • Oct 30
Huddly AS, Annual General Meeting, May 20, 2025 Huddly AS, Annual General Meeting, May 20, 2025. Reported Earnings • Aug 23
Second quarter 2024 earnings released: kr0.10 loss per share (vs kr0.11 loss in 2Q 2023) Second quarter 2024 results: kr0.10 loss per share. Revenue: kr39.1m (down 32% from 2Q 2023). Net loss: kr54.0m (loss widened 135% from 2Q 2023). Annuncio • Aug 15
Huddly as Appoints Jon Øyvind Eriksen as New Board Member Huddly AS at its extraordinary general meeting held on August 15,2024, elects Jon Øyvind Eriksen as new board member. Following the election, the Board consists of: Jostein Devold (chair of the Board); Kristian Kolberg; Michael A. Brandofino; and Jon Øyvind Eriksen. Annuncio • Jul 22
Huddly AS Terminates Graham Williams as CEO Huddly AS would like to make a correction to the announcement made on 3 July 2024, where it was expressed that Graham Williams had agreed with the Board of Directors to step down effective from that day. Due to strategic disagreements between the Board of Directors and Williams, Williams' consultancy agreement as the CEO of Huddly AS was terminated by the Board of Directors on 3 July 2024, effective immediately. Subsequently, Williams has agreed with the Board to assist onboarding the new CEO through to the end of 2024. New Risk • May 27
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -kr160m This is considered a minor 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (152% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr160m). Market cap is less than US$100m (€23.6m market cap, or US$25.6m). Reported Earnings • Apr 21
Full year 2023 earnings released: kr0.55 loss per share (vs kr0.20 loss in FY 2022) Full year 2023 results: kr0.55 loss per share (further deteriorated from kr0.20 loss in FY 2022). Revenue: kr210.7m (down 53% from FY 2022). Net loss: kr125.1m (loss widened 201% from FY 2022). Reported Earnings • Feb 16
Full year 2023 earnings released: kr0.55 loss per share (vs kr0.20 loss in FY 2022) Full year 2023 results: kr0.55 loss per share (further deteriorated from kr0.20 loss in FY 2022). Revenue: kr210.7m (down 53% from FY 2022). Net loss: kr125.1m (loss widened 201% from FY 2022). Annuncio • Jan 26
Huddly AS has completed a Follow-on Equity Offering in the amount of NOK 30 million. Huddly AS has completed a Follow-on Equity Offering in the amount of NOK 30 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: NOK 0.5
Transaction Features: Rights Offering New Risk • Dec 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 123% 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 Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (123% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€19.6m market cap, or US$21.1m). New Risk • Dec 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.98m (US$9.70m) 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 (26% average weekly change). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (€8.98m market cap, or US$9.70m). Reported Earnings • Nov 11
Third quarter 2023 earnings released: kr0.15 loss per share (vs kr0.03 loss in 3Q 2022) Third quarter 2023 results: kr0.15 loss per share (further deteriorated from kr0.03 loss in 3Q 2022). Revenue: kr58.1m (down 51% from 3Q 2022). Net loss: kr31.7m (loss widened 362% from 3Q 2022). New Risk • Sep 12
New major risk - Revenue and earnings growth Earnings have declined by 28% 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 (-kr181m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 28% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€19.1m market cap, or US$20.5m). Annuncio • Aug 18
Huddly AS Provides Earnings Guidance for the Full Year of 2023 and 2024 Huddly AS provided earnings guidance for the full year of 2023 and 2024. For the year 2023, the company expects revenue to be in range of NOK 200-250 million. For the year 2024, the company expects to regain sales growth momentum. Reported Earnings • Aug 18
Second quarter 2023 earnings released: kr0.11 loss per share (vs kr0.005 loss in 2Q 2022) Second quarter 2023 results: kr0.11 loss per share (further deteriorated from kr0.005 loss in 2Q 2022). Revenue: kr57.2m (down 46% from 2Q 2022). Net loss: kr22.9m (loss widened kr21.9m from 2Q 2022). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Communications industry in Europe. Annuncio • Jun 28
Huddly AS Approves Board Appointments Huddly AS at its AGM held on 22 June 2023, approved the appointment of Michael Brandofino as board member and elected the previous CEO, Stein Ove Eriksen, as an observer of the Board for a period of two years. Annuncio • Jun 23
Huddly AS Elects Michael Brandofino as Board Member Huddly AS announced that at its Annual General Meeting 2023, held on 22June 2023 elected Michael Brandofino as board member. Reported Earnings • May 12
First quarter 2023 earnings released: kr0.13 loss per share (vs kr0.05 loss in 1Q 2022) First quarter 2023 results: kr0.13 loss per share (further deteriorated from kr0.05 loss in 1Q 2022). Revenue: kr51.2m (down 55% from 1Q 2022). Net loss: kr28.2m (loss widened 146% from 1Q 2022). Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Reported Earnings • Feb 15
Full year 2022 earnings released: kr0.16 loss per share (vs kr1.45 loss in FY 2021) Full year 2022 results: kr0.16 loss per share (improved from kr1.45 loss in FY 2021). Revenue: kr451.6m (up 34% from FY 2021). Net loss: kr35.8m (loss narrowed 89% from FY 2021). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Annuncio • Jan 27
Huddly as Announces CFO Changes Huddly AS announced that Chief Financial Officer Ragnar Kjos has informed the company that he has decided to step down. Kjos will remain CFO of the company until a replacement is found, and assist with the transition. Huddly will immediately initiate a search to recruit Kjos’ replacement. Reported Earnings • Nov 16
Third quarter 2022 earnings released: kr0.03 loss per share (vs kr0.008 loss in 3Q 2021) Third quarter 2022 results: kr0.03 loss per share (further deteriorated from kr0.008 loss in 3Q 2021). Revenue: kr117.9m (up 34% from 3Q 2021). Net loss: kr6.88m (loss widened 298% from 3Q 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Communications industry in Europe. 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). Director Kristian Kolberg was the last director to join the board, commencing their role in 2018. 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 • Aug 19
Second quarter 2022 earnings released: kr0.006 loss per share (vs kr0.04 profit in 2Q 2021) Second quarter 2022 results: kr0.006 loss per share (down from kr0.04 profit in 2Q 2021). Revenue: kr106.6m (up 67% from 2Q 2021). Net loss: kr1.06m (down 113% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 41%, compared to a 8.4% growth forecast for the Communications industry in Germany. Annuncio • Aug 16
Huddly AS Appoints Daniel Johansson as Chief Commercial Officer Huddly has appointed Daniel Johansson as Chief Commercial Officer (CCO). Johansson brings more than 20 years of relevant international sales leadership experience from companies such as Tandberg, Cisco, Avaya, Conax, Peak Ace and Heroiks. Johansson starts in his new position on August 15, 2022. Daniel Johansson holds a Master of Science from the School of Business, Economics & Law at Gothenburg University. He has worked for Tandberg as Director Latin America, VP Southern Europe Middle East & Africa and as President North Asia and managed all the Collaboration business in China and Japan for Cisco. Johansson has also been Managing Director EMEA for the Video Business Unit in Avaya, Executive VP Global Sales & Marketing for the TV-encryption company Conax, and Head of Corporate development and M&A in leading French Communications Group Heroiks. Reported Earnings • May 14
First quarter 2022 earnings released: kr0.05 loss per share (vs kr1.19 loss in 1Q 2021) First quarter 2022 results: kr0.05 loss per share (up from kr1.19 loss in 1Q 2021). Revenue: kr114.1m (up 36% from 1Q 2021). Net loss: kr11.5m (loss narrowed 96% from 1Q 2021). Over the next year, revenue is forecast to grow 49%, compared to a 7.0% growth forecast for the industry in Germany. 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). Director Kristian Kolberg was the last director to join the board, commencing their role in 2018. 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 • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr1.45 loss per share (down from kr0.51 profit in FY 2020). Revenue: kr336.9m (down 7.8% from FY 2020). Net loss: kr313.1m (down 422% from profit in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 47%, compared to a 6.8% growth forecast for the industry in Germany. Recent Insider Transactions • Mar 10
Executive Chairman recently bought €212k worth of stock On the 8th of March, Graham Williams bought around 300k shares on-market at roughly €0.71 per share. This was the largest purchase by an insider in the last 3 months. Graham has been a buyer over the last 12 months, purchasing a net total of €244k worth in shares. Annuncio • Mar 01
Huddly Launches Networked AI Camera Platform Huddly AS introduced the S1, a new camera for small and medium meeting rooms and Speaker Framing, a powerful AI software, that will be made available for Huddly S1 and Huddly L1, Huddly's large-room camera. Huddly thereby expands its Networked AI Camera Platform, raising the bar for immersive collaboration in the hybrid workplace. Huddly’s next-generation smart cameras utilize Huddly's most powerful hardware and software. The cameras are aware, networked, and artificially intelligent, paving the way for a future of immersive collaboration experiences. Huddly S1 is available for order now, shipping in Second Quarter 2022. Huddly L1 will receive Speaker Framing through a software update in Second Quarter 2022. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: kr336.9m (down 7.8% from FY 2020). Net loss: kr313.1m (down 422% from profit in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 40%, compared to a 6.4% growth forecast for the industry in Germany. Annuncio • Feb 16
Huddly AS Provides Revenue Guidance for the Full Year of 2022 Huddly AS provided revenue guidance for the full year of 2022. The company forecasts revenue to be in the range from NOK 450 million to NOK 550 million in fiscal 2021. The midpoint of NOK 500 million indicates growth of approximately 50% YOY. Reported Earnings • Nov 10
Third quarter 2021 earnings released: kr0.01 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: kr87.9m (down 8.1% from 3Q 2020). Net loss: kr1.73m (down 107% from profit in 3Q 2020). Recent Insider Transactions • Sep 10
Director recently bought €111k worth of stock On the 8th of September, Kristian Kolberg bought around 95k shares on-market at roughly €1.17 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €690k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 18
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr64.0m (down 24% from 2Q 2020). Net income: kr7.92m (down 66% from 2Q 2020). Profit margin: 12% (down from 28% in 2Q 2020). The decrease in margin was driven by lower revenue. Recent Insider Transactions • May 13
Director recently bought €547k worth of stock On the 11th of May, Kristian Kolberg bought around 550k shares on-market at roughly €1.00 per share. 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. Reported Earnings • May 12
First quarter 2021 earnings released: kr1.19 loss per share The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr84.1m (up 14% from 1Q 2020). Net loss: kr257.5m (down kr284.2m from profit in 1Q 2020). Annuncio • May 12
Huddly AS Provides Earnings Guidance for the Year 2021 Huddly AS provided earnings guidance for the year 2021. For the year, the company expects revenue to be in the range from NOK 400,000 to NOK 500 million in fiscal year 2021.