New Risk • May 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €6.21m (US$7.24m) 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 (18% average weekly change). Market cap is less than US$10m (€6.21m market cap, or US$7.24m). Board Change • May 20
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. 4 non-independent directors. Independent Director Lars Nilsson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Apr 22
Nordic LEVEL Group AB (publ.), Annual General Meeting, May 20, 2026 Nordic LEVEL Group AB (publ.), Annual General Meeting, May 20, 2026, at 16:00 W. Europe Standard Time. Location: nordic level group ab, vasagatan 12 c, 172 67 sundbyberg, sundbyberg Sweden お知らせ • Nov 20
Nordic LEVEL Group AB (publ.), Annual General Meeting, May 21, 2025 Nordic LEVEL Group AB (publ.), Annual General Meeting, May 21, 2025. Reported Earnings • Sep 02
Second quarter 2024 earnings released: kr0.034 loss per share (vs kr0.038 profit in 2Q 2023) Second quarter 2024 results: kr0.034 loss per share (down from kr0.038 profit in 2Q 2023). Revenue: kr105.5m (down 20% from 2Q 2023). Net loss: kr6.29m (down 240% from profit in 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 10
Independent Director recently bought €7.8k worth of stock On the 8th of July, Peter Borsos bought around 100k shares on-market at roughly €0.078 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €16k. Insiders have collectively bought €163k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 29
Full year 2023 earnings released: kr0.011 loss per share (vs kr0.92 loss in FY 2022) Full year 2023 results: kr0.011 loss per share (improved from kr0.92 loss in FY 2022). Revenue: kr366.9m (down 11% from FY 2022). Net loss: kr2.07m (loss narrowed 97% from FY 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. New Risk • Dec 28
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: -kr63m 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 (-kr63m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€10.7m market cap, or US$11.9m). Breakeven Date Change • Dec 27
Forecast to breakeven in 2023 The analyst covering Nordic LEVEL Group AB (publ.) expects the company to break even for the first time. New forecast suggests the company will make a profit of kr2.00m in 2023. Earnings growth of 114% is required to achieve expected profit on schedule. New Risk • Dec 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 98% 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 (19% average weekly change). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr63m). Market cap is less than US$100m (€10.5m market cap, or US$11.4m). Reported Earnings • Nov 27
Third quarter 2023 earnings released: kr0.067 loss per share (vs kr0.075 loss in 3Q 2022) Third quarter 2023 results: kr0.067 loss per share. Revenue: kr89.4m (down 21% from 3Q 2022). Net loss: kr10.2m (loss widened 46% from 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Board Change • Nov 16
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. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Daniel Skalin is the most experienced director on the board, commencing their role in 2021. 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. Board Change • Jul 14
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. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Daniel Skalin is the most experienced director on the board, commencing their role in 2021. 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. Breakeven Date Change • Jun 10
Forecast breakeven date pushed back to 2023 The analyst covering Nordic LEVEL Group AB (publ.) previously expected the company to break even in 2022. New forecast suggests the company will make a profit of kr10.0m in 2023. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Reported Earnings • Nov 10
Third quarter 2021 earnings released The company reported a decent third quarter result with improved revenues, although losses increased and control over costs was weaker. Third quarter 2021 results: Revenue: kr66.8m (up 157% from 3Q 2020). Net loss: kr8.72m (loss widened 374% from 3Q 2020). Reported Earnings • Aug 24
Second quarter 2021 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr59.4m (up 175% from 2Q 2020). Net loss: kr1.27m (loss narrowed 86% from 2Q 2020). Reported Earnings • May 10
First quarter 2021 earnings released The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr29.1m (up 22% from 1Q 2020). Net loss: kr241.0k (loss narrowed 94% from 1Q 2020).