Board Change • May 21
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. 4 non-independent directors. Chairman of the Board Erik Nerpin was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • May 06
Nexar Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.166666 million. Nexar Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.166666 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,121,211
Price\Range: SEK 0.55
Transaction Features: Subsequent Direct Listing New Risk • Jun 11
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 (-kr2.0m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Revenue is less than US$1m (kr1.1m revenue, or US$109k). Market cap is less than US$10m (kr8.27m market cap, or US$787.3k). 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 (27% increase in shares outstanding). New Risk • Nov 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor 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 (-kr2.7m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (kr1.1m revenue, or US$105k). Market cap is less than US$10m (kr9.64m market cap, or US$884.9k). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). New Risk • Jun 09
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: -kr3.3m 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 (-kr3.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (kr1.5m revenue, or US$139k). Market cap is less than US$10m (kr8.47m market cap, or US$782.0k). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). Reported Earnings • Nov 26
Third quarter 2022 earnings released Third quarter 2022 results: Net loss: kr1.14m (loss narrowed 15% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 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 Georg Hochwimmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 03
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: kr1.26m (loss widened 57% from 2Q 2021). Reported Earnings • May 30
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr300.0k (down 77% from 1Q 2021). Net loss: kr745.0k (loss widened 35% from 1Q 2021). 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. 4 non-independent directors. CFO & Director Anders Petersen was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
Full year 2021 earnings released: kr0.026 loss per share (vs kr0.04 loss in FY 2020) Full year 2021 results: kr0.026 loss per share (up from kr0.04 loss in FY 2020). Revenue: kr6.66m (up 22% from FY 2020). Net loss: kr3.61m (loss narrowed 20% from FY 2020). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.025 loss per share (up from kr0.04 loss in FY 2020). Revenue: kr6.67m (up 22% from FY 2020). Net loss: kr3.61m (loss narrowed 20% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: kr139.0k (down 62% from 3Q 2020). Net loss: kr1.34m (loss narrowed 2.3% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: kr1.24m (down 17% from 2Q 2020). Net loss: kr799.0k (loss narrowed 44% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
First quarter 2021 earnings released The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: kr1.34m (down 38% from 1Q 2020). Net loss: kr554.0k (loss narrowed 22% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 25
VP, CFO & Deputy CEO recently sold kr127k worth of stock On the 17th of March, Stefan Mattsson sold around 500k shares on-market at roughly kr0.25 per share. This was the largest sale by an insider in the last 3 months. This was Stefan's only on-market trade for the last 12 months. Reported Earnings • Feb 28
Full year 2020 earnings released: kr0.039 loss per share (vs kr0.12 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: kr5.79m (up 11% from FY 2019). Net loss: kr4.49m (loss narrowed 43% from FY 2019). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings.