Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr7.22, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 18x in the Consumer Services industry in Europe. Total returns to shareholders of 388% over the past three years. Reported Earnings • Jun 21
Full year 2026 earnings released: EPS: kr0.15 (vs kr0.10 loss in FY 2025) Full year 2026 results: EPS: kr0.15 (up from kr0.10 loss in FY 2025). Revenue: kr13.5m (up 5.7% from FY 2025). Net income: kr355.0k (up kr600.0k from FY 2025). Profit margin: 2.6% (up from net loss in FY 2025). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 85% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to kr8.60, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 17x in the Consumer Services industry in Europe. Total returns to shareholders of 547% over the past three years. Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Director Jon Fredrik Stenseth was the last 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 26
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr3.44m (up 6.0% from 3Q 2023). Net loss: kr350.0k (loss narrowed 78% from 3Q 2023). Reported Earnings • Dec 22
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr3.49m (down 14% from 2Q 2023). Net loss: kr144.0k (loss narrowed 89% from 2Q 2023). 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 Swedish stocks, typically moving 8.8% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr1.1m free cash flow). Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (kr2.11m market cap, or US$193.1k). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (kr14m revenue, or US$1.3m). Reported Earnings • Sep 24
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr3.49m (down 29% from 1Q 2023). Net income: kr21.0k (up kr1.47m from 1Q 2023). Profit margin: 0.6% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Reported Earnings • Mar 25
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr3.29m (down 49% from 3Q 2022). Net loss: kr1.55m (loss narrowed 56% from 3Q 2022). Reported Earnings • Dec 20
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr3.0 (down 100% from 2Q 2022). Net income: kr0 (up kr2.35m from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. 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. 5 non-independent directors. Director Maria Grimaldi 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 • Sep 24
First quarter 2023 earnings released: kr0.62 loss per share (vs kr0.18 loss in 1Q 2022) First quarter 2023 results: kr0.62 loss per share (further deteriorated from kr0.18 loss in 1Q 2022). Revenue: kr4.93m (down 33% from 1Q 2022). Net loss: kr1.45m (loss widened 235% from 1Q 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. 6 non-independent directors. Director Maria Grimaldi 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. Recent Insider Transactions • Aug 03
Key Executive recently bought kr130k worth of stock On the 28th of July, Håkan Rönnberg bought around 7k shares on-market at roughly kr19.97 per share. This was the largest purchase by an insider in the last 3 months. Håkan has been a buyer over the last 12 months, purchasing a net total of kr140k worth in shares. Recent Insider Transactions • Jul 01
Director recently bought kr57k worth of stock On the 28th of June, Thomas Lindgren bought around 3k shares on-market at roughly kr20.31 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr67k more in shares than they have sold in the last 12 months.