Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: €0.065 (vs €0.10 loss in 1Q 2021) First quarter 2022 results: EPS: €0.065 (up from €0.10 loss in 1Q 2021). Revenue: €38.9m (up 3.0% from 1Q 2021). Net income: €938.0k (up €2.42m from 1Q 2021). Profit margin: 2.4% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 6.6%, compared to a 28% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 22
First quarter 2022 earnings released: EPS: €0.065 (vs €0.10 loss in 1Q 2021) First quarter 2022 results: EPS: €0.065 (up from €0.10 loss in 1Q 2021). Revenue: €38.9m (up 3.0% from 1Q 2021). Net income: €938.0k (up €2.42m from 1Q 2021). Profit margin: 2.4% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 7.0%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: €0.99 loss per share (down from €0.51 loss in FY 2020). Revenue: €153.2m (up 1.0% from FY 2020). Net loss: €14.2m (loss widened 94% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.5%, compared to a 30% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 20
Third quarter 2021 earnings released: €0.74 loss per share (vs €0.06 loss in 3Q 2020) The company reported a poor third quarter result with increased losses and weaker control over costs, although revenues were flat. Third quarter 2021 results: Revenue: €37.1m (flat on 3Q 2020). Net loss: €10.7m (loss widened €9.87m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 4 analysts covering Basware Oyj expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €7.26m in 2022. Average annual earnings growth of 91% is required to achieve expected profit on schedule. Reported Earnings • Jul 17
Second quarter 2021 earnings released: €0.097 loss per share (vs €0.07 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €38.6m (up 2.1% from 2Q 2020). Net loss: €1.41m (loss widened 36% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Executive Departure • Jul 01
Chief Customer Officer Jussi Vasama has left the company On the 24th of June, Jussi Vasama's tenure as Chief Customer Officer ended after 4.1 years in the role. As of March 2021, Jussi still personally held 4.47k shares (€85k worth at the time). Jussi is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.17 years. Reported Earnings • Apr 24
First quarter 2021 earnings released: €0.10 loss per share (vs €0.25 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: €37.7m (down 1.3% from 1Q 2020). Net loss: €1.48m (loss narrowed 60% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Feb 24
Full year 2020 earnings released: €0.51 loss per share (vs €1.63 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €151.6m (up 2.2% from FY 2019). Net loss: €7.33m (loss narrowed 69% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 24
Revenue misses expectations Revenue missed analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 3.6%, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Is New 90 Day High Low • Feb 16
New 90-day low: €37.60 The company is down 1.0% from its price of €38.15 on 17 November 2020. The British market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.39 per share. Reported Earnings • Feb 06
Full year 2020 earnings released: €0.51 loss per share (vs €1.63 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €151.6m (up 2.2% from FY 2019). Net loss: €7.33m (loss narrowed 69% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue misses expectations Revenue missed analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 6.9%, compared to a 7.0% growth forecast for the Software industry in the United Kingdom. Is New 90 Day High Low • Jan 05
New 90-day high: €42.70 The company is up 16% from its price of €36.95 on 07 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €55.85 per share. Is New 90 Day High Low • Dec 19
New 90-day high: €40.50 The company is up 10.0% from its price of €36.75 on 17 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.11 per share. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 0.8% at €36.8m. Revenue is forecast to grow 6.5% over the next year, compared to a 33% growth forecast for the Software industry in the United Kingdom. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total losses of €9.53m, with losses narrowing by 60% from the prior year. Total revenue was €152.1m over the last 12 months, up 4.5% from the prior year. Is New 90 Day High Low • Oct 13
New 90-day high: €38.45 The company is up 25% from its price of €30.65 on 15 July 2020. The British market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.11 per share.