Recent Insider Transactions • Oct 20
CEO & Director recently sold kr1.2m worth of stock On the 16th of October, Mats Holmberg sold around 6m shares on-market at roughly kr0.22 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Mats has been a net seller over the last 12 months, reducing personal holdings by kr1.3m. Recent Insider Transactions • Sep 29
CEO & Director recently sold kr119k worth of stock On the 20th of September, Mats Holmberg sold around 540k shares on-market at roughly kr0.22 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth kr1m. Mats has been a net seller over the last 12 months, reducing personal holdings by kr118k. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: kr0 (vs kr0.015 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0 (improved from kr0.015 loss in 2Q 2023). Revenue: kr50.9m (down 46% from 2Q 2023). Net income: kr135.0k (up kr4.20m from 2Q 2023). Profit margin: 0.3% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Recent Insider Transactions • Jul 19
Independent Chairman of the Board recently bought kr1m worth of stock On the 16th of July, Ninna Engberg bought around 5m shares on-market at roughly kr0.21 per share. This transaction increased Ninna's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ninna's only on-market trade for the last 12 months. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-kr27m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (kr73.8m market cap, or US$7.01m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (40% increase in shares outstanding). New Risk • Sep 14
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: -kr39m 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 (-kr39m free cash flow). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (kr49.2m market cap, or US$4.42m). Minor Risk Shareholders have been diluted in the past year (40% increase in shares outstanding). Reported Earnings • Feb 25
Full year 2022 earnings released: kr0.20 loss per share (vs kr0.12 loss in FY 2021) Full year 2022 results: kr0.20 loss per share (further deteriorated from kr0.12 loss in FY 2021). Revenue: kr364.2m (up 90% from FY 2021). Net loss: kr39.4m (loss widened 188% from FY 2021). Reported Earnings • Nov 22
Third quarter 2022 earnings released: kr0.03 loss per share (vs kr0.017 loss in 3Q 2021) Third quarter 2022 results: kr0.03 loss per share (further deteriorated from kr0.017 loss in 3Q 2021). Revenue: kr91.0m (up 79% from 3Q 2021). Net loss: kr6.02m (loss widened 216% from 3Q 2021). Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman of the Board Mats Holmberg is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 19
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Chairman of the Board Mats Holmberg is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 29
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. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.