View Financial HealthMidsummer 配当と自社株買い配当金 基準チェック /06Midsummer配当金を支払った記録がありません。主要情報n/a配当利回り-15.9%バイバック利回り総株主利回り-15.9%将来の配当利回りn/a配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向n/a最近の配当と自社株買いの更新更新なしすべての更新を表示Recent updatesReported Earnings • May 06First quarter 2026 earnings released: kr0.006 loss per share (vs kr0.15 loss in 1Q 2025)First quarter 2026 results: kr0.006 loss per share (improved from kr0.15 loss in 1Q 2025). Revenue: kr54.7m (up kr49.3m from 1Q 2025). Net loss: kr2.64m (loss narrowed 94% from 1Q 2025). 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 26% per year, which means it is significantly lagging earnings.分析記事 • Feb 03Some Confidence Is Lacking In Midsummer AB (publ) (STO:MIDS) As Shares Slide 27%To the annoyance of some shareholders, Midsummer AB (publ) ( STO:MIDS ) shares are down a considerable 27% in the last...お知らせ • Jan 20Midsummer AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 174.58302 million.Midsummer AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 174.58302 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 126,509,435 Price\Range: SEK 1.38 Transaction Features: Rights Offeringお知らせ • Dec 01Midsummer AB (publ), Annual General Meeting, May 20, 2026Midsummer AB (publ), Annual General Meeting, May 20, 2026.Reported Earnings • Nov 30Third quarter 2025 earnings released: kr0.055 loss per share (vs kr0.053 loss in 3Q 2024)Third quarter 2025 results: kr0.055 loss per share (further deteriorated from kr0.053 loss in 3Q 2024). Revenue: kr44.7m (up 64% from 3Q 2024). Net loss: kr18.5m (loss widened 87% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings.お知らせ • Nov 29Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 174.58302 million.Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 174.58302 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 126,509,435 Price\Range: SEK 1.38 Transaction Features: Rights OfferingNew Risk • Nov 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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 (-kr137m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr556.6m market cap, or US$59.0m).分析記事 • Nov 11Getting In Cheap On Midsummer AB (publ) (STO:MIDS) Is UnlikelyMidsummer AB (publ)'s ( STO:MIDS ) price-to-sales (or "P/S") ratio of 7.3x may look like a poor investment opportunity...New Risk • Oct 22New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr137m 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 (-kr137m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr811.3m market cap, or US$85.9m).分析記事 • Aug 10Midsummer AB (publ)'s (STO:MIDS) 137% Jump Shows Its Popularity With InvestorsOM:MIDS 1 Year Share Price vs Fair Value Explore Midsummer's Fair Values from the Community and select yours The...Reported Earnings • Aug 10Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: kr0.071 loss per share (improved from kr0.39 loss in 2Q 2024). Revenue: kr62.7m (up 413% from 2Q 2024). Net loss: kr23.8m (loss narrowed 67% from 2Q 2024). Revenue exceeded analyst estimates by 109%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings.Breakeven Date Change • Aug 10Forecast to breakeven in 2025The analyst covering Midsummer expects the company to break even for the first time. New forecast suggests the company will make a profit of kr13.0m in 2025. Earnings growth of 106% is required to achieve expected profit on schedule.New Risk • Jul 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 14% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risk Less than 1 year of cash runway based on current free cash flow (-kr81m).分析記事 • Jul 16Here's Why Midsummer (STO:MIDS) Can Afford Some DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Jun 13Midsummer AB (Publ) Approves Board ElectionsMidsummer AB (publ) at its annual general meeting on June 12, 2025 approved to new elect Per Mattson, Patrik Boman and Anna Denell, as members of the board of directors for the time until the end of the next annual general meeting. Patrik Boman, with decade-long experience as an entrepreneur and leader of companies within IT, telecom and cyber security in both public and listed environments. He held a senior position in the HiQ Group and was the CEO of the listed Cybercom Group. Mr. Boman has extensive experience from M&A, business development and international business in the IT and telecom areas. Anna Denell, Chief Sustainability Officer at Vasakronan, one of Sweden’s leading property companies, with overall responsibility for the company’s sustainability strategy. Anna Denell began her career in the property industry in the mid 90’s and joined Vasakronan in 1999. She has played a key role in founding Sweden Green Building Council, introducing green leases to the Swedish market and issuing the world’s first corporate green bond. Anna Denell is also a fellow of the Royal Academy of Engineering Sciences (IVA), a well-known presenter and lecturer in the Swedish property industry and has for the last six years been appointed “One of Sweden’s 100 most powerful environmentalists”. Per Mattsson has worked in the financial industry for over 25 years and currently holds the role of Nordic Head of Morningstar. He has extensive experience in sales, business development, operations management and financial reporting. At Morningstar, he was previously Sales Manager and previously worked at EDS and Skandia. Mr. Mattsson holds a Master of Business Administration from the Stockholm University with a focus on finance and calculation, and holds an EMBA from the Stockholm School of Economics.Reported Earnings • May 23First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: kr0.15 loss per share (further deteriorated from kr0.091 loss in 1Q 2024). Revenue: kr5.42m (down 34% from 1Q 2024). Net loss: kr40.7m (loss widened 113% from 1Q 2024). Revenue exceeded analyst estimates by 61%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings.New Risk • May 19New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr71m 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 (-kr71m free cash flow). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr369.1m market cap, or US$38.1m).お知らせ • Apr 10Midsummer Receives Grant of EUR 2.8 Million from the Ministry of University and Research to Develop Tandem Solar CellsMidsummer has been chosen by the Italian Ministry of University and Research to participate in a consortium with the aim to develop a new type of solar cell named "Quantum Dot CIGS/Perovskite Tandem". The "Quantum Dot Enhanced Lightweight Solar Cells" (QDELS) project aims to develop and validate a new production process for CIGS (Cu In Ga Se) solar cells with a tandem perovskite structure enhanced with quantum dots (QD). The ultimate objective is to develop and validate a new process to enhance the efficiency of CIGS (Cu In Ga Se) cells, surpassing conventional silicon cells in all parameters. For this purpose, Midsummer will receive a grant of approx. EUR 2.8m from the Ministry of University and Research for work and materials used in the tests. The project will run for four years starting this autumn and the total budget is EUR 7.5 million. Consorzio Hypatia and the National Research Council are the other two parties involved in the project. Midsummer has a subsidiary in Italy, Midsummer Italia, which owns and operates Europe's large facility for the production of thin film solar cells (in Bari), for which Midsummer has been awarded a total of EUR 22 million in grants from mainly the Italian investment authority Invitalia. The new R&D tandem cell project is separate from the Bari factory project and grants.New Risk • Apr 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% 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 Risk Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr71m). Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (kr240.4m market cap, or US$24.1m).Recent Insider Transactions • Mar 24Chairman of the Board recently bought kr132k worth of stockOn the 21st of March, Robert Sjöström bought around 186k shares on-market at roughly kr0.71 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months.Buy Or Sell Opportunity • Mar 03Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 46% to kr0.85. The fair value is estimated to be kr1.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 103% in a year. Earnings are forecast to grow by 100% in the next year.分析記事 • Jan 30Is Midsummer (STO:MIDS) Weighed On By Its Debt Load?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Breakeven Date Change • Jan 01Forecast to breakeven in 2025The analyst covering Midsummer expects the company to break even for the first time. New forecast suggests losses will reduce by 55% to 2024. The company is expected to make a profit of kr33.0m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule.Major Estimate Revision • Dec 06Consensus revenue estimates decrease by 13%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr87.0m to kr76.0m. EPS estimate increased from -kr0.77 to -kr0.48 per share. Semiconductor industry in Sweden expected to see average net income growth of 12% next year. Consensus price target down from kr2.80 to kr2.35. Share price rose 42% to kr1.89 over the past week.Price Target Changed • Dec 02Price target decreased by 19% to kr2.35Down from kr2.90, the current price target is provided by 1 analyst. New target price is 77% above last closing price of kr1.32. Stock is up 23% over the past year. The company is forecast to post a net loss per share of kr0.48 next year compared to a net loss per share of kr2.15 last year.Reported Earnings • Dec 01Third quarter 2024 earnings released: kr0.053 loss per share (vs kr0.56 loss in 3Q 2023)Third quarter 2024 results: kr0.053 loss per share (improved from kr0.56 loss in 3Q 2023). Revenue: kr27.3m (up 67% from 3Q 2023). Net loss: kr9.88m (loss narrowed 81% from 3Q 2023). Revenue is forecast to grow 82% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.New Risk • Nov 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 10% 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 Risk Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr7.0m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr277.7m market cap, or US$25.4m).お知らせ • Nov 29Midsummer AB (publ), Annual General Meeting, Jun 12, 2025Midsummer AB (publ), Annual General Meeting, Jun 12, 2025.Major Estimate Revision • Sep 06Consensus revenue estimates fall by 68%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr269.0m to kr87.0m. Forecast losses increased from -kr0.34 to -kr0.77 per share. Semiconductor industry in Sweden expected to see average net income growth of 7.5% next year. Consensus price target of kr2.80 unchanged from last update. Share price fell 4.1% to kr1.12 over the past week.分析記事 • Sep 04Is Midsummer (STO:MIDS) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Sep 01Second quarter 2024 earnings released: kr0.39 loss per share (vs kr0.55 loss in 2Q 2023)Second quarter 2024 results: kr0.39 loss per share. Revenue: kr12.2m (down 5.5% from 2Q 2023). Net loss: kr73.1m (loss widened 16% from 2Q 2023). Revenue is forecast to grow 60% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Europe.Reported Earnings • May 03First quarter 2024 earnings released: kr0.15 loss per share (vs kr0.54 loss in 1Q 2023)First quarter 2024 results: kr0.15 loss per share (improved from kr0.54 loss in 1Q 2023). Revenue: kr45.8m (up 132% from 1Q 2023). Net loss: kr19.1m (loss narrowed 48% from 1Q 2023). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings.New Risk • Mar 22New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr135m 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 (-kr135m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (202% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (kr1.1m sold). Market cap is less than US$100m (kr384.6m market cap, or US$36.4m).Reported Earnings • Feb 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: kr2.15 loss per share (further deteriorated from kr1.30 loss in FY 2022). Revenue: kr86.0m (up 17% from FY 2022). Net loss: kr222.2m (loss widened 153% from FY 2022). Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. 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 54% per year, which means it is significantly lagging earnings.New Risk • Feb 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (202% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr134m net loss in 3 years). Significant insider selling over the past 3 months (kr1.1m sold). Market cap is less than US$100m (kr215.2m market cap, or US$20.9m).お知らせ • Feb 02Midsummer AB (Publ) Appoints Eric Jaremalm as the New CEOMidsummer AB (publ) has decided to appoint Eric Jaremalm as the new CEO of the group. Eric Jaremalm is one of the founders of Midsummer 20 years ago and has solid experience in leading and developing international technology companies. Eric Jaremalm founded Midsummer together with current CEO Sven Lindström in 2004 and has since held leading roles within the company, including as Executive Vice President, COO and CFO. In addition to having contributed to building Midsummer into a leading global player in the thin film solar cell industry, Eric Jaremalm has worked with sales and development at the technology company Mycronic for just over five years (based in Japan). He has been found by the company’s Board to be the most suitable person to lead Midsummer in the upcoming international expansion with a greater focus on commercial development and internationalization of the business. This includes the opening of a new 50 MW factory in Italy and a 200 MW factory in Sweden. CEO Sven Lindström announced at the beginning of October that he intends to step down as CEO but to continue at Midsummer as Executive Vice President, Manager of Business Development and Manager of the product portfolio. In addition to his position as Chairman of the Board, Robert Sjöström has been asked by the Board to also support the company's management regarding operational issues, including those focused on market and sales.Recent Insider Transactions • Jan 16Co-Founder recently sold kr1.1m worth of stockOn the 12th of January, Sven Lindström sold around 1m shares on-market at roughly kr1.08 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sven's only on-market trade for the last 12 months.お知らせ • Nov 09Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 65.993972 million.Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 65.993972 million. Security Name: Shares Security Type: Common Stock Securities Offered: 77,639,967 Price\Range: SEK 0.85 Transaction Features: Rights OfferingNew Risk • Nov 02New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -kr118m This is considered a minor 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 Risk Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr118m). Currently unprofitable and not forecast to become profitable over next 3 years (kr117m net loss in 3 years). Market cap is less than US$100m (kr232.9m market cap, or US$21.0m).Reported Earnings • Nov 02Third quarter 2023 earnings released: kr0.56 loss per share (vs kr0.68 loss in 3Q 2022)Third quarter 2023 results: kr0.56 loss per share. Revenue: kr16.6m (up 40% from 3Q 2022). Net loss: kr52.0m (loss widened 13% from 3Q 2022). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Semiconductor industry in Europe.New Risk • Sep 25New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: kr179m Forecast net loss in 3 years: kr110m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr110m net loss in 3 years). Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (kr223.9m market cap, or US$20.3m).Reported Earnings • Aug 18Second quarter 2023 earnings released: kr0.83 loss per share (vs kr0.77 loss in 2Q 2022)Second quarter 2023 results: kr0.83 loss per share (further deteriorated from kr0.77 loss in 2Q 2022). Revenue: kr30.9m (up 291% from 2Q 2022). Net loss: kr56.1m (loss widened 7.7% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings.Board Change • Jul 02Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lars-Ola Lundkvist was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Price Target Changed • Jun 24Price target decreased by 65% to kr5.80Down from kr16.45, the current price target is provided by 1 analyst. New target price is 120% above last closing price of kr2.64. Stock is down 74% over the past year. The company is forecast to post a net loss per share of kr1.57 next year compared to a net loss per share of kr1.30 last year.New Risk • Jun 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% 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 Less than 1 year of cash runway based on free cash flow trend (-kr119m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr312.5m market cap, or US$28.8m).Breakeven Date Change • May 23Forecast to breakeven in 2024The 2 analysts covering Midsummer expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr52.0m in 2024. Average annual earnings growth of 67% is required to achieve expected profit on schedule.お知らせ • May 11Midsummer AB (publ) has completed a Composite Units Offering in the amount of SEK 277.59978 million.Midsummer AB (publ) has completed a Composite Units Offering in the amount of SEK 277.59978 million. Security Name: Unit Security Type: Equity/Derivative Unit Securities Offered: 15,000,000 Price\Range: SEK 12 Transaction Features: Rights OfferingReported Earnings • Feb 25Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: kr1.42 loss per share (improved from kr2.18 loss in FY 2021). Revenue: kr175.8m (up 47% from FY 2021). Net loss: kr95.9m (loss narrowed 26% from FY 2021). Revenue missed analyst estimates by 59%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 19Third quarter 2022 earnings released: kr0.68 loss per share (vs kr0.32 loss in 3Q 2021)Third quarter 2022 results: kr0.68 loss per share (further deteriorated from kr0.32 loss in 3Q 2021). Revenue: kr20.8m (down 68% from 3Q 2021). Net loss: kr46.1m (loss widened 143% from 3Q 2021). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.Price Target Changed • Nov 16Price target decreased to kr16.45Down from kr17.70, the current price target is an average from 2 analysts. New target price is 53% above last closing price of kr10.74. Stock is down 33% over the past year. The company is forecast to post a net loss per share of kr1.00 next year compared to a net loss per share of kr2.18 last year.お知らせ • Nov 12+ 4 more updatesMidsummer AB (publ) to Report Q3, 2023 Results on Nov 01, 2023Midsummer AB (publ) announced that they will report Q3, 2023 results on Nov 01, 2023分析記事 • Aug 24Would Midsummer (STO:MIDS) Be Better Off With Less Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • May 10Does Midsummer (STO:MIDS) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Reported Earnings • Apr 27Full year 2021 earnings released: kr2.18 loss per share (vs kr2.65 loss in FY 2020)Full year 2021 results: kr2.18 loss per share. Revenue: kr119.3m (up 25% from FY 2020). Net loss: kr129.5m (loss widened 40% from FY 2020). Over the next year, revenue is forecast to grow 48%, compared to a 27% growth forecast for the industry in Sweden.Price Target Changed • Apr 27Price target decreased to kr16.40Down from kr19.80, the current price target is provided by 1 analyst. New target price is 38% above last closing price of kr11.92. Stock is down 14% over the past year. The company posted a net loss per share of kr2.18 last year.分析記事 • Dec 07Is Midsummer (STO:MIDS) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Recent Insider Transactions Derivative • Nov 21Independent Director exercised options to buy kr9.9m worth of stock.On the 19th of November, Jan Lombach exercised options to buy 630k shares at a strike price of around kr15.20, costing a total of kr9.6m. This transaction amounted to 21% of their direct individual holding at the time of the trade. Since December 2020, Jan has owned 3.02m shares directly. This was the only transaction from an insider over the last 12 months.Reported Earnings • Nov 03Third quarter 2021 earnings released: kr0.32 loss per share (vs kr1.19 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr66.1m (up kr57.3m from 3Q 2020). Net loss: kr18.9m (loss narrowed 49% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Reported Earnings • Sep 03Second quarter 2021 earnings released: kr0.64 loss per share (vs kr0.57 loss in 2Q 2020)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: kr21.8m (down 38% from 2Q 2020). Net loss: kr37.7m (loss widened 114% from 2Q 2020).Reported Earnings • May 21First quarter 2021 earnings released: kr0.46 loss per share (vs kr0.021 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: kr21.5m (down 46% from 1Q 2020). Net loss: kr27.3m (down kr28.0m from profit in 1Q 2020).Reported Earnings • Apr 20Full year 2020 earnings released: kr2.65 loss per share (vs kr1.30 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr95.5m (down 52% from FY 2019). Net loss: kr92.3m (loss widened 129% from FY 2019).分析記事 • Mar 10Is Midsummer (STO:MIDS) Using Debt In A Risky Way?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Feb 27Full year 2020 earnings released: kr2.65 loss per share (vs kr1.30 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr110.3m (down 44% from FY 2019). Net loss: kr92.3m (loss widened 129% from FY 2019).分析記事 • Jan 16Midsummer's(STO:MIDS) Share Price Is Down 51% Over The Past Year.Midsummer AB (publ) ( STO:MIDS ) shareholders should be happy to see the share price up 20% in the last month. But that...Is New 90 Day High Low • Dec 22New 90-day low: kr9.88The company is down 51% from its price of kr20.20 on 23 September 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 35% over the same period.お知らせ • Dec 11Midsummer AB (publ) sells UNO system to UNSW SydneySwedish solar technology leader Midsummer wins with their UNO the prestigious procurement of a research system for UNSW Sydney, Australia. The UNO will be used to develop a new innovative type of tandem solar cell. The order value is calculated to be around 1 MUSD. The world-renowned UNSW School of Photovoltaic and Renewable Energy Engineering was founded by Martin Gree, widely considered the "father of solar PV". A research team led by another award winning professor, Xiaojing Hao, Physical Scientist of the Year will now use the Midsummer UNO to develop a new type of tandem solar cell, focusing on manufacturability and easy scale up.お知らせ • Dec 03+ 5 more updatesMidsummer AB (publ) to Report Fiscal Year 2020 Final Results on Apr 15, 2021Midsummer AB (publ) announced that they will report fiscal year 2020 final results on Apr 15, 2021Is New 90 Day High Low • Nov 27New 90-day low: kr10.92The company is down 37% from its price of kr17.46 on 28 August 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 30% over the same period.Reported Earnings • Nov 26Third quarter 2020 earnings released: kr1.19 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: kr11.1m (down 56% from 3Q 2019). Net loss: kr37.1m (loss widened 47% from 3Q 2019).分析記事 • Nov 24Here's Why Midsummer (STO:MIDS) Can Afford Some DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Is New 90 Day High Low • Oct 16New 90-day low: kr13.46The company is down 36% from its price of kr21.00 on 17 July 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 6.0% over the same period.Is New 90 Day High Low • Sep 19New 90-day low: kr16.20The company is down 16% from its price of kr19.28 on 18 June 2020. The Swedish market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 14% over the same period.お知らせ • Sep 18Midsummer AB (publ) to Report Q3, 2020 Results on Nov 24, 2020Midsummer AB (publ) announced that they will report Q3, 2020 results on Nov 24, 2020決済の安定と成長配当データの取得安定した配当: MIDSの 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: MIDSの配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場Midsummer 配当利回り対市場MIDS 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (MIDS)n/a市場下位25% (SE)1.7%市場トップ25% (SE)4.1%業界平均 (Semiconductor)0.6%アナリスト予想 (MIDS) (最長3年)n/a注目すべき配当: MIDSは最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: MIDSは最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: MIDSの 配当性向 を計算して配当金の支払いが利益で賄われているかどうかを判断するにはデータが不十分です。株主配当金キャッシュフローカバレッジ: MIDSが配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YSE 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 18:41終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Midsummer AB (publ) 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Orjan RodenDNB Carnegie Commissioned Research
Reported Earnings • May 06First quarter 2026 earnings released: kr0.006 loss per share (vs kr0.15 loss in 1Q 2025)First quarter 2026 results: kr0.006 loss per share (improved from kr0.15 loss in 1Q 2025). Revenue: kr54.7m (up kr49.3m from 1Q 2025). Net loss: kr2.64m (loss narrowed 94% from 1Q 2025). 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 26% per year, which means it is significantly lagging earnings.
分析記事 • Feb 03Some Confidence Is Lacking In Midsummer AB (publ) (STO:MIDS) As Shares Slide 27%To the annoyance of some shareholders, Midsummer AB (publ) ( STO:MIDS ) shares are down a considerable 27% in the last...
お知らせ • Jan 20Midsummer AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 174.58302 million.Midsummer AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 174.58302 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 126,509,435 Price\Range: SEK 1.38 Transaction Features: Rights Offering
お知らせ • Dec 01Midsummer AB (publ), Annual General Meeting, May 20, 2026Midsummer AB (publ), Annual General Meeting, May 20, 2026.
Reported Earnings • Nov 30Third quarter 2025 earnings released: kr0.055 loss per share (vs kr0.053 loss in 3Q 2024)Third quarter 2025 results: kr0.055 loss per share (further deteriorated from kr0.053 loss in 3Q 2024). Revenue: kr44.7m (up 64% from 3Q 2024). Net loss: kr18.5m (loss widened 87% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings.
お知らせ • Nov 29Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 174.58302 million.Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 174.58302 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 126,509,435 Price\Range: SEK 1.38 Transaction Features: Rights Offering
New Risk • Nov 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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 (-kr137m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr556.6m market cap, or US$59.0m).
分析記事 • Nov 11Getting In Cheap On Midsummer AB (publ) (STO:MIDS) Is UnlikelyMidsummer AB (publ)'s ( STO:MIDS ) price-to-sales (or "P/S") ratio of 7.3x may look like a poor investment opportunity...
New Risk • Oct 22New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr137m 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 (-kr137m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr811.3m market cap, or US$85.9m).
分析記事 • Aug 10Midsummer AB (publ)'s (STO:MIDS) 137% Jump Shows Its Popularity With InvestorsOM:MIDS 1 Year Share Price vs Fair Value Explore Midsummer's Fair Values from the Community and select yours The...
Reported Earnings • Aug 10Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: kr0.071 loss per share (improved from kr0.39 loss in 2Q 2024). Revenue: kr62.7m (up 413% from 2Q 2024). Net loss: kr23.8m (loss narrowed 67% from 2Q 2024). Revenue exceeded analyst estimates by 109%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Aug 10Forecast to breakeven in 2025The analyst covering Midsummer expects the company to break even for the first time. New forecast suggests the company will make a profit of kr13.0m in 2025. Earnings growth of 106% is required to achieve expected profit on schedule.
New Risk • Jul 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 14% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risk Less than 1 year of cash runway based on current free cash flow (-kr81m).
分析記事 • Jul 16Here's Why Midsummer (STO:MIDS) Can Afford Some DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Jun 13Midsummer AB (Publ) Approves Board ElectionsMidsummer AB (publ) at its annual general meeting on June 12, 2025 approved to new elect Per Mattson, Patrik Boman and Anna Denell, as members of the board of directors for the time until the end of the next annual general meeting. Patrik Boman, with decade-long experience as an entrepreneur and leader of companies within IT, telecom and cyber security in both public and listed environments. He held a senior position in the HiQ Group and was the CEO of the listed Cybercom Group. Mr. Boman has extensive experience from M&A, business development and international business in the IT and telecom areas. Anna Denell, Chief Sustainability Officer at Vasakronan, one of Sweden’s leading property companies, with overall responsibility for the company’s sustainability strategy. Anna Denell began her career in the property industry in the mid 90’s and joined Vasakronan in 1999. She has played a key role in founding Sweden Green Building Council, introducing green leases to the Swedish market and issuing the world’s first corporate green bond. Anna Denell is also a fellow of the Royal Academy of Engineering Sciences (IVA), a well-known presenter and lecturer in the Swedish property industry and has for the last six years been appointed “One of Sweden’s 100 most powerful environmentalists”. Per Mattsson has worked in the financial industry for over 25 years and currently holds the role of Nordic Head of Morningstar. He has extensive experience in sales, business development, operations management and financial reporting. At Morningstar, he was previously Sales Manager and previously worked at EDS and Skandia. Mr. Mattsson holds a Master of Business Administration from the Stockholm University with a focus on finance and calculation, and holds an EMBA from the Stockholm School of Economics.
Reported Earnings • May 23First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: kr0.15 loss per share (further deteriorated from kr0.091 loss in 1Q 2024). Revenue: kr5.42m (down 34% from 1Q 2024). Net loss: kr40.7m (loss widened 113% from 1Q 2024). Revenue exceeded analyst estimates by 61%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings.
New Risk • May 19New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr71m 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 (-kr71m free cash flow). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr369.1m market cap, or US$38.1m).
お知らせ • Apr 10Midsummer Receives Grant of EUR 2.8 Million from the Ministry of University and Research to Develop Tandem Solar CellsMidsummer has been chosen by the Italian Ministry of University and Research to participate in a consortium with the aim to develop a new type of solar cell named "Quantum Dot CIGS/Perovskite Tandem". The "Quantum Dot Enhanced Lightweight Solar Cells" (QDELS) project aims to develop and validate a new production process for CIGS (Cu In Ga Se) solar cells with a tandem perovskite structure enhanced with quantum dots (QD). The ultimate objective is to develop and validate a new process to enhance the efficiency of CIGS (Cu In Ga Se) cells, surpassing conventional silicon cells in all parameters. For this purpose, Midsummer will receive a grant of approx. EUR 2.8m from the Ministry of University and Research for work and materials used in the tests. The project will run for four years starting this autumn and the total budget is EUR 7.5 million. Consorzio Hypatia and the National Research Council are the other two parties involved in the project. Midsummer has a subsidiary in Italy, Midsummer Italia, which owns and operates Europe's large facility for the production of thin film solar cells (in Bari), for which Midsummer has been awarded a total of EUR 22 million in grants from mainly the Italian investment authority Invitalia. The new R&D tandem cell project is separate from the Bari factory project and grants.
New Risk • Apr 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% 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 Risk Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr71m). Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (kr240.4m market cap, or US$24.1m).
Recent Insider Transactions • Mar 24Chairman of the Board recently bought kr132k worth of stockOn the 21st of March, Robert Sjöström bought around 186k shares on-market at roughly kr0.71 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months.
Buy Or Sell Opportunity • Mar 03Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 46% to kr0.85. The fair value is estimated to be kr1.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 103% in a year. Earnings are forecast to grow by 100% in the next year.
分析記事 • Jan 30Is Midsummer (STO:MIDS) Weighed On By Its Debt Load?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Breakeven Date Change • Jan 01Forecast to breakeven in 2025The analyst covering Midsummer expects the company to break even for the first time. New forecast suggests losses will reduce by 55% to 2024. The company is expected to make a profit of kr33.0m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule.
Major Estimate Revision • Dec 06Consensus revenue estimates decrease by 13%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr87.0m to kr76.0m. EPS estimate increased from -kr0.77 to -kr0.48 per share. Semiconductor industry in Sweden expected to see average net income growth of 12% next year. Consensus price target down from kr2.80 to kr2.35. Share price rose 42% to kr1.89 over the past week.
Price Target Changed • Dec 02Price target decreased by 19% to kr2.35Down from kr2.90, the current price target is provided by 1 analyst. New target price is 77% above last closing price of kr1.32. Stock is up 23% over the past year. The company is forecast to post a net loss per share of kr0.48 next year compared to a net loss per share of kr2.15 last year.
Reported Earnings • Dec 01Third quarter 2024 earnings released: kr0.053 loss per share (vs kr0.56 loss in 3Q 2023)Third quarter 2024 results: kr0.053 loss per share (improved from kr0.56 loss in 3Q 2023). Revenue: kr27.3m (up 67% from 3Q 2023). Net loss: kr9.88m (loss narrowed 81% from 3Q 2023). Revenue is forecast to grow 82% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.
New Risk • Nov 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 10% 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 Risk Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr7.0m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr277.7m market cap, or US$25.4m).
お知らせ • Nov 29Midsummer AB (publ), Annual General Meeting, Jun 12, 2025Midsummer AB (publ), Annual General Meeting, Jun 12, 2025.
Major Estimate Revision • Sep 06Consensus revenue estimates fall by 68%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr269.0m to kr87.0m. Forecast losses increased from -kr0.34 to -kr0.77 per share. Semiconductor industry in Sweden expected to see average net income growth of 7.5% next year. Consensus price target of kr2.80 unchanged from last update. Share price fell 4.1% to kr1.12 over the past week.
分析記事 • Sep 04Is Midsummer (STO:MIDS) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Sep 01Second quarter 2024 earnings released: kr0.39 loss per share (vs kr0.55 loss in 2Q 2023)Second quarter 2024 results: kr0.39 loss per share. Revenue: kr12.2m (down 5.5% from 2Q 2023). Net loss: kr73.1m (loss widened 16% from 2Q 2023). Revenue is forecast to grow 60% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Europe.
Reported Earnings • May 03First quarter 2024 earnings released: kr0.15 loss per share (vs kr0.54 loss in 1Q 2023)First quarter 2024 results: kr0.15 loss per share (improved from kr0.54 loss in 1Q 2023). Revenue: kr45.8m (up 132% from 1Q 2023). Net loss: kr19.1m (loss narrowed 48% from 1Q 2023). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings.
New Risk • Mar 22New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr135m 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 (-kr135m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (202% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (kr1.1m sold). Market cap is less than US$100m (kr384.6m market cap, or US$36.4m).
Reported Earnings • Feb 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: kr2.15 loss per share (further deteriorated from kr1.30 loss in FY 2022). Revenue: kr86.0m (up 17% from FY 2022). Net loss: kr222.2m (loss widened 153% from FY 2022). Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. 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 54% per year, which means it is significantly lagging earnings.
New Risk • Feb 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (202% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr134m net loss in 3 years). Significant insider selling over the past 3 months (kr1.1m sold). Market cap is less than US$100m (kr215.2m market cap, or US$20.9m).
お知らせ • Feb 02Midsummer AB (Publ) Appoints Eric Jaremalm as the New CEOMidsummer AB (publ) has decided to appoint Eric Jaremalm as the new CEO of the group. Eric Jaremalm is one of the founders of Midsummer 20 years ago and has solid experience in leading and developing international technology companies. Eric Jaremalm founded Midsummer together with current CEO Sven Lindström in 2004 and has since held leading roles within the company, including as Executive Vice President, COO and CFO. In addition to having contributed to building Midsummer into a leading global player in the thin film solar cell industry, Eric Jaremalm has worked with sales and development at the technology company Mycronic for just over five years (based in Japan). He has been found by the company’s Board to be the most suitable person to lead Midsummer in the upcoming international expansion with a greater focus on commercial development and internationalization of the business. This includes the opening of a new 50 MW factory in Italy and a 200 MW factory in Sweden. CEO Sven Lindström announced at the beginning of October that he intends to step down as CEO but to continue at Midsummer as Executive Vice President, Manager of Business Development and Manager of the product portfolio. In addition to his position as Chairman of the Board, Robert Sjöström has been asked by the Board to also support the company's management regarding operational issues, including those focused on market and sales.
Recent Insider Transactions • Jan 16Co-Founder recently sold kr1.1m worth of stockOn the 12th of January, Sven Lindström sold around 1m shares on-market at roughly kr1.08 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sven's only on-market trade for the last 12 months.
お知らせ • Nov 09Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 65.993972 million.Midsummer AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 65.993972 million. Security Name: Shares Security Type: Common Stock Securities Offered: 77,639,967 Price\Range: SEK 0.85 Transaction Features: Rights Offering
New Risk • Nov 02New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -kr118m This is considered a minor 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 Risk Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr118m). Currently unprofitable and not forecast to become profitable over next 3 years (kr117m net loss in 3 years). Market cap is less than US$100m (kr232.9m market cap, or US$21.0m).
Reported Earnings • Nov 02Third quarter 2023 earnings released: kr0.56 loss per share (vs kr0.68 loss in 3Q 2022)Third quarter 2023 results: kr0.56 loss per share. Revenue: kr16.6m (up 40% from 3Q 2022). Net loss: kr52.0m (loss widened 13% from 3Q 2022). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Semiconductor industry in Europe.
New Risk • Sep 25New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: kr179m Forecast net loss in 3 years: kr110m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr110m net loss in 3 years). Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (kr223.9m market cap, or US$20.3m).
Reported Earnings • Aug 18Second quarter 2023 earnings released: kr0.83 loss per share (vs kr0.77 loss in 2Q 2022)Second quarter 2023 results: kr0.83 loss per share (further deteriorated from kr0.77 loss in 2Q 2022). Revenue: kr30.9m (up 291% from 2Q 2022). Net loss: kr56.1m (loss widened 7.7% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings.
Board Change • Jul 02Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lars-Ola Lundkvist was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Price Target Changed • Jun 24Price target decreased by 65% to kr5.80Down from kr16.45, the current price target is provided by 1 analyst. New target price is 120% above last closing price of kr2.64. Stock is down 74% over the past year. The company is forecast to post a net loss per share of kr1.57 next year compared to a net loss per share of kr1.30 last year.
New Risk • Jun 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% 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 Less than 1 year of cash runway based on free cash flow trend (-kr119m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr312.5m market cap, or US$28.8m).
Breakeven Date Change • May 23Forecast to breakeven in 2024The 2 analysts covering Midsummer expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr52.0m in 2024. Average annual earnings growth of 67% is required to achieve expected profit on schedule.
お知らせ • May 11Midsummer AB (publ) has completed a Composite Units Offering in the amount of SEK 277.59978 million.Midsummer AB (publ) has completed a Composite Units Offering in the amount of SEK 277.59978 million. Security Name: Unit Security Type: Equity/Derivative Unit Securities Offered: 15,000,000 Price\Range: SEK 12 Transaction Features: Rights Offering
Reported Earnings • Feb 25Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: kr1.42 loss per share (improved from kr2.18 loss in FY 2021). Revenue: kr175.8m (up 47% from FY 2021). Net loss: kr95.9m (loss narrowed 26% from FY 2021). Revenue missed analyst estimates by 59%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 19Third quarter 2022 earnings released: kr0.68 loss per share (vs kr0.32 loss in 3Q 2021)Third quarter 2022 results: kr0.68 loss per share (further deteriorated from kr0.32 loss in 3Q 2021). Revenue: kr20.8m (down 68% from 3Q 2021). Net loss: kr46.1m (loss widened 143% from 3Q 2021). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Nov 16Price target decreased to kr16.45Down from kr17.70, the current price target is an average from 2 analysts. New target price is 53% above last closing price of kr10.74. Stock is down 33% over the past year. The company is forecast to post a net loss per share of kr1.00 next year compared to a net loss per share of kr2.18 last year.
お知らせ • Nov 12+ 4 more updatesMidsummer AB (publ) to Report Q3, 2023 Results on Nov 01, 2023Midsummer AB (publ) announced that they will report Q3, 2023 results on Nov 01, 2023
分析記事 • Aug 24Would Midsummer (STO:MIDS) Be Better Off With Less Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • May 10Does Midsummer (STO:MIDS) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Reported Earnings • Apr 27Full year 2021 earnings released: kr2.18 loss per share (vs kr2.65 loss in FY 2020)Full year 2021 results: kr2.18 loss per share. Revenue: kr119.3m (up 25% from FY 2020). Net loss: kr129.5m (loss widened 40% from FY 2020). Over the next year, revenue is forecast to grow 48%, compared to a 27% growth forecast for the industry in Sweden.
Price Target Changed • Apr 27Price target decreased to kr16.40Down from kr19.80, the current price target is provided by 1 analyst. New target price is 38% above last closing price of kr11.92. Stock is down 14% over the past year. The company posted a net loss per share of kr2.18 last year.
分析記事 • Dec 07Is Midsummer (STO:MIDS) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Recent Insider Transactions Derivative • Nov 21Independent Director exercised options to buy kr9.9m worth of stock.On the 19th of November, Jan Lombach exercised options to buy 630k shares at a strike price of around kr15.20, costing a total of kr9.6m. This transaction amounted to 21% of their direct individual holding at the time of the trade. Since December 2020, Jan has owned 3.02m shares directly. This was the only transaction from an insider over the last 12 months.
Reported Earnings • Nov 03Third quarter 2021 earnings released: kr0.32 loss per share (vs kr1.19 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr66.1m (up kr57.3m from 3Q 2020). Net loss: kr18.9m (loss narrowed 49% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Reported Earnings • Sep 03Second quarter 2021 earnings released: kr0.64 loss per share (vs kr0.57 loss in 2Q 2020)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: kr21.8m (down 38% from 2Q 2020). Net loss: kr37.7m (loss widened 114% from 2Q 2020).
Reported Earnings • May 21First quarter 2021 earnings released: kr0.46 loss per share (vs kr0.021 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: kr21.5m (down 46% from 1Q 2020). Net loss: kr27.3m (down kr28.0m from profit in 1Q 2020).
Reported Earnings • Apr 20Full year 2020 earnings released: kr2.65 loss per share (vs kr1.30 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr95.5m (down 52% from FY 2019). Net loss: kr92.3m (loss widened 129% from FY 2019).
分析記事 • Mar 10Is Midsummer (STO:MIDS) Using Debt In A Risky Way?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Feb 27Full year 2020 earnings released: kr2.65 loss per share (vs kr1.30 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr110.3m (down 44% from FY 2019). Net loss: kr92.3m (loss widened 129% from FY 2019).
分析記事 • Jan 16Midsummer's(STO:MIDS) Share Price Is Down 51% Over The Past Year.Midsummer AB (publ) ( STO:MIDS ) shareholders should be happy to see the share price up 20% in the last month. But that...
Is New 90 Day High Low • Dec 22New 90-day low: kr9.88The company is down 51% from its price of kr20.20 on 23 September 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 35% over the same period.
お知らせ • Dec 11Midsummer AB (publ) sells UNO system to UNSW SydneySwedish solar technology leader Midsummer wins with their UNO the prestigious procurement of a research system for UNSW Sydney, Australia. The UNO will be used to develop a new innovative type of tandem solar cell. The order value is calculated to be around 1 MUSD. The world-renowned UNSW School of Photovoltaic and Renewable Energy Engineering was founded by Martin Gree, widely considered the "father of solar PV". A research team led by another award winning professor, Xiaojing Hao, Physical Scientist of the Year will now use the Midsummer UNO to develop a new type of tandem solar cell, focusing on manufacturability and easy scale up.
お知らせ • Dec 03+ 5 more updatesMidsummer AB (publ) to Report Fiscal Year 2020 Final Results on Apr 15, 2021Midsummer AB (publ) announced that they will report fiscal year 2020 final results on Apr 15, 2021
Is New 90 Day High Low • Nov 27New 90-day low: kr10.92The company is down 37% from its price of kr17.46 on 28 August 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 30% over the same period.
Reported Earnings • Nov 26Third quarter 2020 earnings released: kr1.19 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: kr11.1m (down 56% from 3Q 2019). Net loss: kr37.1m (loss widened 47% from 3Q 2019).
分析記事 • Nov 24Here's Why Midsummer (STO:MIDS) Can Afford Some DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Is New 90 Day High Low • Oct 16New 90-day low: kr13.46The company is down 36% from its price of kr21.00 on 17 July 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 6.0% over the same period.
Is New 90 Day High Low • Sep 19New 90-day low: kr16.20The company is down 16% from its price of kr19.28 on 18 June 2020. The Swedish market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 14% over the same period.
お知らせ • Sep 18Midsummer AB (publ) to Report Q3, 2020 Results on Nov 24, 2020Midsummer AB (publ) announced that they will report Q3, 2020 results on Nov 24, 2020