Board Change • May 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Employee Representative Director Hakon Sjak-Braek was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Feb 14
Goodtech ASA announces Annual dividend Goodtech ASA announced Annual dividend of NOK 0.5000 per share, ex-date on May 04, 2026 and record date on May 05, 2026. お知らせ • Jan 05
Goodtech ASA, Annual General Meeting, Apr 30, 2026 Goodtech ASA, Annual General Meeting, Apr 30, 2026. お知らせ • Jan 07
Goodtech ASA, Annual General Meeting, Apr 24, 2025 Goodtech ASA, Annual General Meeting, Apr 24, 2025. Reported Earnings • Oct 27
Third quarter 2024 earnings released: kr0.16 loss per share (vs kr0.007 loss in 3Q 2023) Third quarter 2024 results: kr0.16 loss per share (further deteriorated from kr0.007 loss in 3Q 2023). Revenue: kr147.7m (down 31% from 3Q 2023). Net loss: kr4.40m (loss widened kr4.20m from 3Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: kr0.07 (vs kr0.07 in 2Q 2023) Second quarter 2024 results: EPS: kr0.07 (in line with 2Q 2023). Revenue: kr191.7m (down 10% from 2Q 2023). Net income: kr1.80m (down 5.3% from 2Q 2023). Profit margin: 0.9% (in line with 2Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.23, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 12% over the past three years. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: kr1.05 (vs kr0.042 loss in FY 2022) Full year 2023 results: EPS: kr1.05 (up from kr0.042 loss in FY 2022). Revenue: kr846.5m (up 65% from FY 2022). Net income: kr28.9m (up kr30.0m from FY 2022). Profit margin: 3.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. お知らせ • Jan 10
Goodtech ASA to Report Q4, 2023 Results on Feb 23, 2024 Goodtech ASA announced that they will report Q4, 2023 results on Feb 23, 2024 New Risk • Nov 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 0.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (0.3% net profit margin). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (€24.4m market cap, or US$25.9m). New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (€26.1m market cap, or US$27.6m). New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (€26.6m market cap, or US$28.2m). Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: kr0.07 (vs kr0.05 in 2Q 2022) Second quarter 2023 results: EPS: kr0.07 (up from kr0.05 in 2Q 2022). Revenue: kr213.7m (up 69% from 2Q 2022). Net income: kr1.90m (up 36% from 2Q 2022). Profit margin: 0.9% (down from 1.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. お知らせ • Aug 17
Goodtech ASA (OB:GOD) agreed to acquire Business unit from Skala Prosessteknikk AS. Goodtech ASA (OB:GOD) agreed to acquire Business unit from Skala Prosessteknikk AS on August 16, 2023. The takeover will take place no later than October 1, 2023. Recent Insider Transactions • May 26
Insider recently bought €25k worth of stock On the 22nd of May, Age Westbø bought around 30k shares on-market at roughly €0.84 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €26k. Insiders have collectively bought €91k more in shares than they have sold in the last 12 months. Breakeven Date Change • May 05
Forecast breakeven date pushed back to 2025 The analyst covering Goodtech previously expected the company to break even in 2023. New forecast suggests the company will make a profit of kr21.0m in 2025. Average annual earnings growth of 33% is required to achieve expected profit on schedule. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2023 The analyst covering Goodtech previously expected the company to break even in 2022. New forecast suggests the company will make a profit of kr11.0m in 2023. Average annual earnings growth of 67% is required to achieve expected profit on schedule. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Frode Haugli was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2022 earnings released: kr0.03 loss per share (vs kr0.18 loss in 3Q 2021) Third quarter 2022 results: kr0.03 loss per share (improved from kr0.18 loss in 3Q 2021). Revenue: kr130.0m (up 19% from 3Q 2021). Net loss: kr563.0k (loss narrowed 88% from 3Q 2021). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: kr0.001 (vs kr0.06 loss in 2Q 2021) Second quarter 2022 results: EPS: kr0.001 (up from kr0.06 loss in 2Q 2021). Revenue: kr159.4m (up 14% from 2Q 2021). Net income: kr94.0k (up kr1.72m from 2Q 2021). Profit margin: 0.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 8.8% growth forecast for the Machinery industry in Germany. お知らせ • Jun 23
BE Group AB (publ) (OM:BEGR) agreed to acquire Goodtech Solutions Manufacturing AB from Goodtech ASA (OB:GOD). BE Group AB (publ) (OM:BEGR) agreed to acquire Goodtech Solutions Manufacturing AB from Goodtech ASA (OB:GOD) on June 22, 2022. The transaction is expected to close by latest of September 1, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Frode Haugli was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Mar 05
Forecast breakeven date pushed back to 2023 The analyst covering Goodtech previously expected the company to break even in 2022. New forecast suggests losses will reduce by 83% to 2022. The company is expected to make a profit of kr7.00m in 2023. Average annual earnings growth of 74% is required to achieve expected profit on schedule. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: kr0.69 loss per share (down from kr0.075 loss in FY 2020). Revenue: kr536.8m (up 4.5% from FY 2020). Net loss: kr17.7m (loss widened kr16.0m from FY 2020). Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 20%, compared to a 11% growth forecast for the industry in Germany. Reported Earnings • Nov 09
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: kr109.6m (down 7.7% from 3Q 2020). Net loss: kr4.54m (down kr4.75m from profit in 3Q 2020). お知らせ • Sep 02
Goodtech ASA (OB:GOD) entered into an agreement to acquire Avanti Engineering AS for NOK 18.9 million. Goodtech ASA (OB:GOD) entered into an agreement to acquire Avanti Engineering AS for NOK 18.9 million on August 31, 2021. Avanti Engineering has 16 employees. Breakeven Date Change • Aug 25
Forecast to breakeven in 2022 The analyst covering Goodtech expects the company to break even for the first time. New forecast suggests the company will make a profit of kr12.0m in 2022. Average annual earnings growth of 52% is required to achieve expected profit on schedule. Reported Earnings • Aug 23
Second quarter 2021 earnings released: kr0.06 loss per share (vs kr0.03 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: kr139.2m (down 2.0% from 2Q 2020). Net loss: kr1.63m (down 297% from profit in 2Q 2020). Reported Earnings • May 09
First quarter 2021 earnings released: kr0.04 loss per share (vs kr0.04 profit in 1Q 2020) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr138.9m (up 18% from 1Q 2020). Net loss: kr765.0k (down 196% from profit in 1Q 2020). Reported Earnings • Feb 28
Full year 2020 earnings released: kr0.09 loss per share (vs kr0.072 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: kr515.9m (up 15% from FY 2019). Net loss: kr1.72m (loss widened 6.9% from FY 2019). Recent Insider Transactions • Dec 30
Insider recently bought €73k worth of stock On the 28th of December, Age Westbø bought around 72k shares on-market at roughly €1.01 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €352k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS kr0.006 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr118.9m (up 13% from 3Q 2019). Net income: kr206.0k (up kr2.03m from 3Q 2019). Profit margin: 0.2% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue.