New Risk • Jun 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr11m This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-kr11m free cash flow). Earnings have declined by 2.5% per year over the past 5 years. Market cap is less than US$10m (€1.56m market cap, or US$1.82m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Reported Earnings • Jun 16
Full year 2026 earnings released Full year 2026 results: Revenue: kr97.1m (down 70% from FY 2025). Net loss: kr21.8m (loss widened 116% from FY 2025). Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent President of the Board Michael Voelter was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Sep 17
First quarter 2025 earnings released First quarter 2025 results: Revenue: kr30.6m (up 42% from 1Q 2024). Net loss: kr3.61m (loss widened 17% from 1Q 2024). Reported Earnings • Jun 19
Full year 2024 earnings released: kr0.006 loss per share (vs kr0.15 loss in FY 2023) Full year 2024 results: kr0.006 loss per share (improved from kr0.15 loss in FY 2023). Revenue: kr115.1m (up 18% from FY 2023). Net loss: kr1.76m (loss narrowed 92% from FY 2023). New Risk • Mar 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 103% 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 (-kr20m free cash flow). Share price has been highly volatile over the past 3 months (42% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (103% increase in shares outstanding). Market cap is less than US$10m (€4.05m market cap, or US$4.39m). Reported Earnings • Mar 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr28.3m (up 9.2% from 3Q 2023). Net loss: kr2.79m (loss narrowed 33% from 3Q 2023). Reported Earnings • Dec 16
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr26.7m (down 2.8% from 2Q 2023). Net loss: kr2.26m (loss widened 4.4% from 2Q 2023). お知らせ • Nov 15
Goobit Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 9.86449 million. Goobit Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 9.86449 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 140,921,279
Price\Range: SEK 0.07
Transaction Features: Rights Offering Reported Earnings • Sep 17
First quarter 2024 earnings released: kr0.02 loss per share (vs kr0.04 loss in 1Q 2023) First quarter 2024 results: kr0.02 loss per share (improved from kr0.04 loss in 1Q 2023). Revenue: kr21.6m (down 13% from 1Q 2023). Net loss: kr3.10m (loss narrowed 46% from 1Q 2023). お知らせ • Sep 17
Goobit Group AB (publ), Annual General Meeting, Oct 17, 2023 Goobit Group AB (publ), Annual General Meeting, Oct 17, 2023, at 09:00 Central European Standard Time. Location: Järntorgsgatan 6 Stockholm Sweden Agenda: To Election of the Chair of the general meeting; to Appropriation with regard the Company's profit or loss according to the approved balance sheet; to Determination on the fees to the Board of Directors and the auditor, and election to the Board of Directors and of auditor; to Resolution on principles for the appointment of the Nomination Committee prior to the 2024 Annual General Meeting; to resolution on new issue of shares with pre-emption rights for existing shareholders; and to discuss other matters. Reported Earnings • Jun 17
Full year 2023 earnings released: kr0.12 loss per share (vs kr0.13 loss in FY 2022) Full year 2023 results: kr0.12 loss per share (improved from kr0.13 loss in FY 2022). Revenue: kr99.2m (down 72% from FY 2022). Net loss: kr15.9m (loss narrowed 11% from FY 2022). お知らせ • May 05
Goobit Group AB (publ) (OM:BTCX) acquired Assets of Snowbank AB for SEK1 million. Goobit Group AB (publ) (OM:BTCX) acquired Assets of Snowbank AB for SEK1 million on May 4, 2023. The transaction is planned to be completed following customary due diligence during the month of June this year.Goobit Group AB (publ) (OM:BTCX) completed the acquisition of Assets of Snowbank AB on May 4, 2023. Reported Earnings • Mar 17
Third quarter 2023 earnings released: kr0.03 loss per share (vs kr0.04 loss in 3Q 2022) Third quarter 2023 results: kr0.03 loss per share (improved from kr0.04 loss in 3Q 2022). Revenue: kr25.9m (down 66% from 3Q 2022). Net loss: kr4.14m (loss narrowed 32% from 3Q 2022). Reported Earnings • Dec 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr27.5m (down 64% from 2Q 2022). Net loss: kr2.16m (loss narrowed 65% from 2Q 2022). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Commissioner Karl-Mikael Syding was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr24.9m (down 88% from 1Q 2022). Net loss: kr5.73m (down 190% from profit in 1Q 2022). Board Change • Jul 26
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). CEO & Commissioner Christian Ander is the most experienced director on the board, commencing their role in 2020. Independent Commissioner Karl-Mikael Syding was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Apr 06
Third quarter 2022 earnings released Third quarter 2022 results: kr0.04 loss per share. Revenue: kr76.0m (flat on 3Q 2021). Net loss: kr6.11m (flat on 3Q 2021). 
