View Future GrowthFram Skandinavien 過去の業績過去 基準チェック /06Fram Skandinavienは0.3%の年平均成長率で業績を伸ばしているが、IT業界はgrowingで12.7%毎年増加している。売上は減少しており、年平均35.2%の割合である。主要情報0.25%収益成長率0.31%EPS成長率IT 業界の成長15.34%収益成長率-35.16%株主資本利益率n/aネット・マージン-43.00%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 15First quarter 2026 earnings released: kr0.28 loss per share (vs kr0.25 loss in 1Q 2025)First quarter 2026 results: kr0.28 loss per share (further deteriorated from kr0.25 loss in 1Q 2025). Revenue: kr1.60m (up 15% from 1Q 2025). Net loss: kr994.0k (loss widened 8.9% from 1Q 2025). 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 47% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 11Full year 2025 earnings released: kr0.47 loss per share (vs kr2.25 loss in FY 2024)Full year 2025 results: kr0.47 loss per share (improved from kr2.25 loss in FY 2024). Revenue: kr6.45m (up 4.7% from FY 2024). Net loss: kr4.55m (loss narrowed 44% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 13Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr1.58m (up 23% from 3Q 2024). Net loss: kr1.90m (loss widened 111% from 3Q 2024).Reported Earnings • Aug 14Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr1.29m (down 23% from 2Q 2024). Net loss: kr875.0k (loss widened 119% from 2Q 2024).Reported Earnings • Apr 30Full year 2024 earnings released: kr1.38 loss per share (vs kr7.67 loss in FY 2023)Full year 2024 results: kr1.38 loss per share (improved from kr7.67 loss in FY 2023). Revenue: kr6.06m (down 82% from FY 2023). Net loss: kr5.00m (loss narrowed 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 44% per year.Reported Earnings • Feb 15Full year 2024 earnings released: kr1.87 loss per share (vs kr7.67 loss in FY 2023)Full year 2024 results: kr1.87 loss per share (improved from kr7.67 loss in FY 2023). Revenue: kr6.56m (down 81% from FY 2023). Net loss: kr5.00m (loss narrowed 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 38% per year.すべての更新を表示Recent updatesRecent Insider Transactions • Jun 02Co-Founder & Former Chairman recently bought kr70k worth of stockOn the 29th of May, Christopher Bertram Beselin bought around 16k shares on-market at roughly kr4.47 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christopher Bertram has been a buyer over the last 12 months, purchasing a net total of kr591k worth in shares.Reported Earnings • May 15First quarter 2026 earnings released: kr0.28 loss per share (vs kr0.25 loss in 1Q 2025)First quarter 2026 results: kr0.28 loss per share (further deteriorated from kr0.25 loss in 1Q 2025). Revenue: kr1.60m (up 15% from 1Q 2025). Net loss: kr994.0k (loss widened 8.9% from 1Q 2025). 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 47% per year, which means it is significantly lagging earnings.お知らせ • Apr 17Fram Skandinavien AB (publ), Annual General Meeting, May 19, 2026Fram Skandinavien AB (publ), Annual General Meeting, May 19, 2026, at 10:00 W. Europe Standard Time. Location: qap legal advisors premises, at norrlandsgatan 7, stockholm, stockholm SwedenReported Earnings • Feb 11Full year 2025 earnings released: kr0.47 loss per share (vs kr2.25 loss in FY 2024)Full year 2025 results: kr0.47 loss per share (improved from kr2.25 loss in FY 2024). Revenue: kr6.45m (up 4.7% from FY 2024). Net loss: kr4.55m (loss narrowed 44% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.Recent Insider Transactions • Nov 19Insider recently bought kr409k worth of stockOn the 17th of November, Christopher Bertram Beselin bought around 84k shares on-market at roughly kr4.87 per share. This transaction amounted to 8.2% 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 the only on-market transaction from insiders over the last 12 months.Reported Earnings • Nov 13Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr1.58m (up 23% from 3Q 2024). Net loss: kr1.90m (loss widened 111% from 3Q 2024).New Risk • Aug 22New 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 8.5% 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 Revenue is less than US$1m (kr5.6m revenue, or US$584k). Market cap is less than US$10m (kr15.5m market cap, or US$1.61m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).Reported Earnings • Aug 14Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr1.29m (down 23% from 2Q 2024). Net loss: kr875.0k (loss widened 119% from 2Q 2024).Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Director Philip Lindqvist was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 30Full year 2024 earnings released: kr1.38 loss per share (vs kr7.67 loss in FY 2023)Full year 2024 results: kr1.38 loss per share (improved from kr7.67 loss in FY 2023). Revenue: kr6.06m (down 82% from FY 2023). Net loss: kr5.00m (loss narrowed 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 44% per year.Reported Earnings • Feb 15Full year 2024 earnings released: kr1.87 loss per share (vs kr7.67 loss in FY 2023)Full year 2024 results: kr1.87 loss per share (improved from kr7.67 loss in FY 2023). Revenue: kr6.56m (down 81% from FY 2023). Net loss: kr5.00m (loss narrowed 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 38% per year.お知らせ • Feb 15Fram Skandinavien AB (publ), Annual General Meeting, May 16, 2025Fram Skandinavien AB (publ), Annual General Meeting, May 16, 2025.Reported Earnings • Nov 13Third quarter 2024 earnings released: kr0.30 loss per share (vs kr0.92 loss in 3Q 2023)Third quarter 2024 results: kr0.30 loss per share (improved from kr0.92 loss in 3Q 2023). Revenue: kr1.35m (down 71% from 3Q 2023). Net loss: kr903.0k (loss narrowed 73% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 16Second quarter 2024 earnings released: kr0.35 loss per share (vs kr0.23 loss in 2Q 2023)Second quarter 2024 results: kr0.35 loss per share. Revenue: kr1.81m (down 74% from 2Q 2023). Net loss: kr399.0k (loss narrowed 53% from 2Q 2023).New Risk • May 27New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr12m 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 (-kr12m free cash flow). Market cap is less than US$10m (kr101.2m market cap, or US$9.49m). Minor Risk Revenue is less than US$5m (kr20m revenue, or US$1.9m).Reported Earnings • May 19First quarter 2024 earnings released: kr0.95 loss per share (vs kr1.08 loss in 1Q 2023)First quarter 2024 results: kr0.95 loss per share (improved from kr1.08 loss in 1Q 2023). Revenue: kr1.80m (down 89% from 1Q 2023). Net loss: kr3.42m (loss narrowed 12% from 1Q 2023). 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 11% per year, which means it is significantly lagging earnings.お知らせ • May 16Fram Skandinavien AB (Publ) Announces Executive ChangesFram Skandinavien AB (publ) announced changes back to previous Group Finance Director. As part of Fram Skandinavien’s initiatives to drive cost efficiency in its overhead structure, the Group has decided to change back from Tuyet Phan at Mazars, to its previous Group Finance Director, Son Ngo (also on a part time basis). The current Group Finance Director’s contract will expire on the 31st of May. As of the 1st of June, Son Ngo will again come back into his role as the Group Finance Director. In contrary to earlier, Son Ngo can now be engaged on a part-time basis and the Company deems this setup more efficient than engaging a Group Finance Director via an external agency like Mazars. With this change and assuming the proposals of the AGM are approved, Fram Skandinavien will have reduced the total annual costs for combined and changed CEO, Finance Director and Chairman roles by ca. -66% (or ca. SEK 1.75 million) year over year, as of June 2024. Son Ngo was Group Finance Director for Fram mid 2021 to Jan 2024. Prior to joining Fram, he held various leading positions in finance, audit and investments. Son has previously worked as CFO in CIC Highlands and Heart of Darkness Brewery. Prior to that, Son was with E&Y for almost a decade. Son also has a strong investment understanding as he was previously an Associate Director at the private equity fund VOIF (Vietnam Oman Investment Fund). Son Ngo was educated at the University of Economics HCMC, Bachelor in Finance and ACCA.お知らせ • Apr 17Fram Skandinavien AB (publ), Annual General Meeting, May 17, 2024Fram Skandinavien AB (publ), Annual General Meeting, May 17, 2024, at 10:00 Central European Standard Time. Location: Qap Legal Advisors premises at Norrlandsgatan 7 Stockholm, Sweden Stockholm Sweden Agenda: To consider the Opening of the meeting and election of a chairman of the meeting; to consider the Preparation and approval of the voting register; to consider the Approval of the agenda; to consider the Election of one or two persons to attest the minutes; and to consider other matters.New Risk • Mar 21New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr103.8m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (kr103.8m market cap, or US$9.90m). Minor Risk Revenue is less than US$5m (kr34m revenue, or US$3.2m).お知らせ • Feb 20Fram Skandinavien AB (publ) Announces CEO ChangesFram Skandinavien AB (publ) announced the appointment of Per Rundblom as CEO, effective from March 1. The board wants to sincerely thank Hanh Mai for all her great work with the group thus far. However, given her great competency and track record within capital formation and investor relations, it has been mutually agreed that the Group cannot fully benefit from her great experiences at this juncture. Hanh Mai's last day with the group will be the 29th of February. The board and the Group hope to be able to work with Hanh Mai again in the future. Per Rundblom brings a long track record of working with early stage tech companies and is hence able to contribute both from the administrative perspective and from a more technical perspective on a venture level. Per Rundblom is currently, as founder & CEO, building the foodtech startup, Foodnest, and has previously been part of building up the tech startups Joptip and Great People, in parallel to his personal holding company, Brightspeed AB. Per Rundblom was educated in Economics and History at Uppsala University.Reported Earnings • Feb 11Full year 2023 earnings released: kr3.50 loss per share (vs kr2.20 profit in FY 2022)Full year 2023 results: kr3.50 loss per share (down from kr2.20 profit in FY 2022). Revenue: kr34.4m (down 60% from FY 2022). Net loss: kr12.5m (down 257% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Jan 31Fram Skandinavien AB (Publ) Announces CFO ChangesFram Skandinavien AB (publ) decided to change its Group Finance Director role into being an outsourced resource from the global accounting firm, Mazars. The current Group Finance Director's contract will expire on the 31st of January and it will not be renewed. As of the 1st of February, Tuyet Phan will take over as a new part-time Group Finance Director. Prior to joining Fram, Tuyet held various leading positions within finance, accounting and auditing. She is currently working as Accounting and Outsourcing Manager at Mazars Vietnam. Prior to that, Tuyet was with Nexia STT for almost a decade as Audit Partner. She was educated at the University of Economics in Ho Chi Minh City (Bachelor in Accounting and Auditing) and is a CPA of Australia.Reported Earnings • Nov 12Third quarter 2023 earnings released: kr0.90 loss per share (vs kr4.54 profit in 3Q 2022)Third quarter 2023 results: kr0.90 loss per share (down from kr4.54 profit in 3Q 2022). Revenue: kr4.74m (down 78% from 3Q 2022). Net loss: kr3.34m (down 120% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.New Risk • Oct 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr111.3m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (108% accrual ratio). Market cap is less than US$10m (kr111.3m market cap, or US$10.00m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change).お知らせ • Aug 19GoLogiq, Inc. (OTCPK:GOLQ) signed a non-binding letter of intent to acquire 100% stake in Fram Venture 7 Ab from Fram Skandinavien AB (publ) (OM:FRAM B) for $20 million.GoLogiq, Inc. (OTCPK:GOLQ) signed a non-binding letter of intent to acquire 100% stake in Fram Venture 7 Ab from Fram Skandinavien AB (publ) (OM:FRAM B) for $20 million on August 17, 2023. As part of agreement $6 million will pay as upfront and remaining $14 million will pay as earnout depending upon the achievement of certain targets in the form of stock. The acquisition includes all of Fram Venture 7’s equity interest in its wholly-owned subsidiary, DragonLend. Under the terms of the letter of intent Fram Venture 7 secure employment agreements with management. The transaction is expected to close in September 2023.New Risk • Aug 18New 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 9.3% 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 High level of non-cash earnings (108% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (kr140.6m market cap, or US$12.8m).分析記事 • Aug 18At kr38.90, Is It Time To Put Fram Skandinavien AB (publ) (STO:FRAM B) On Your Watch List?Fram Skandinavien AB (publ) ( STO:FRAM B ), is not the largest company out there, but it saw a significant share price...Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improves as stock rises 28%After last week's 28% share price gain to kr38.90, the stock trades at a trailing P/E ratio of 18.2x. Average forward P/E is 14x in the IT industry in Sweden. Total returns to shareholders of 11% over the past three years.New Risk • Aug 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr106.3m (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (108% accrual ratio). Market cap is less than US$10m (kr106.3m market cap, or US$9.81m).Reported Earnings • Aug 11Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr14.6m (down 46% from 2Q 2022). Net loss: kr851.0k (loss narrowed 67% from 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.New Risk • Jul 06New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr108.8m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (105% accrual ratio). Market cap is less than US$10m (kr108.8m market cap, or US$9.94m).お知らせ • May 31Fram Announces Management ChangeDuy Vu will conclude his role as Co-MD for Carmudi Vietnam as of May 31st, but will still continue to work with the company in his new role as Senior Advisor to Carmudi Vietnam. Consequently, as of June 1st, Keshav Rustagi, will also be changing title from Co-MD to MD of Carmudi Vietnam.Reported Earnings • May 15First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr15.8m (down 24% from 1Q 2022). Net loss: kr3.89m (loss widened 99% from 1Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Sweden.Reported Earnings • Feb 05Full year 2022 earnings released: EPS: kr1.33 (vs kr3.54 loss in FY 2021)Full year 2022 results: EPS: kr1.33 (up from kr3.54 loss in FY 2021). Revenue: kr85.8m (up 84% from FY 2021). Net income: kr4.80m (up kr17.6m from FY 2021). Profit margin: 5.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Feb 02Fram Skandinavien AB (publ), Annual General Meeting, May 12, 2023Fram Skandinavien AB (publ), Annual General Meeting, May 12, 2023.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Mikael Steinbach was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 15+ 3 more updatesFram Skandinavien AB (publ) to Report Q3, 2023 Results on Nov 10, 2023Fram Skandinavien AB (publ) announced that they will report Q3, 2023 results on Nov 10, 2023Reported Earnings • Nov 05Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr21.6m (up 204% from 3Q 2021). Net income: kr16.4m (up kr19.7m from 3Q 2021). Profit margin: 76% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Nov 05Fram Skandinavien AB to Report Q4, 2022 Results on Feb 02, 2023Fram Skandinavien AB announced that they will report Q4, 2022 results on Feb 02, 2023お知らせ • Nov 02Fram Skandinavien AB to Report Q3, 2022 Results on Nov 03, 2022Fram Skandinavien AB announced that they will report Q3, 2022 results on Nov 03, 2022Major Estimate Revision • Sep 03Consensus revenue estimates increase by 14%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from kr76.0m to kr87.0m. Forecast losses expected to reduce from -kr3.10 to -kr2.90 per share. IT industry in Sweden expected to see average net income growth of 10% next year. Consensus price target up from kr75.00 to kr102. Share price rose 5.1% to kr41.00 over the past week.お知らせ • Sep 03Fram Skandinavien AB Announces Executive ChangesFram Skandinavien has signed an agreement with Hanh Mai for her to become the new CEO of Fram Skandinavien AB, starting from September 19th this year. As a step to further focus the Company's core business on investments, the board of Fram Skandinavien AB has appointed Hanh Mai as the new CEO of the Group. Hanh Mai (born 1983 and holding a Master in Finance & Economics from Paris IX Dauphine University) is Vietnamese and has approximately 15 years of experience within asset management in France, of which the last ten years with one of the country's large asset managers, BPIFrance, in her role as Investment Director. Hanh Mai does not currently hold any FRAMB shares, but will shortly after her starting date be investing in the ESOP option program that was decided upon at the AGM. As of the 19th of September, Christopher Brinkeborn Beselin, will return to his role as Chairman of the Board and Mikael Steinbach will return to his role as Board Director.お知らせ • Jul 15Ips Solutions Anstalt agreed to acquire Fram Venture 11 Ab from Fram Skandinavien AB (OM:FRAM B) for SEK 42.2 million.Ips Solutions Anstalt agreed to acquire Fram Venture 11 Ab from Fram Skandinavien AB (OM:FRAM B) for SEK 42.2 million on July 14, 2022. The purchase price is split into cash upfront of SEK 38.2 million upon closing of the transaction (expected to occur within seven business days) and an earn-out of approximately SEK 4 million, based on the 2022 EBITDA for Fram Venture 11 AB. The purchase price, on a cash and debt-free basis (Enterprise Value), is approximately SEK 42.4 million. Out of the SEK 38.2 million paid at closing, approximately SEK 4.2 million goes to repay the acquisition credit that the Fram Skandinavien AB has with Swedbank and SEK 3.5 million will be reserved by IPS Solutions to pay the two tranches that remain to be paid as part of the Fram Skandinavien AB previous acquisition of Exertus IT AB.Reported Earnings • May 22First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: kr20.8m (up 115% from 1Q 2021). Net loss: kr1.96m (loss narrowed 32% from 1Q 2021). Over the next year, revenue is forecast to grow 39%, compared to a 22% growth forecast for the industry in Sweden. 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 23% per year, which means it is performing significantly worse than earnings.分析記事 • May 18Is It Time To Consider Buying Fram Skandinavien AB (STO:FRAM B)?Fram Skandinavien AB ( STO:FRAM B ), might not be a large cap stock, but it led the OM gainers with a relatively large...Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Stina Andersson was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 05Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: kr3.08 loss per share (up from kr5.21 loss in FY 2020). Revenue: kr47.8m (up 31% from FY 2020). Net loss: kr11.1m (loss narrowed 41% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Recent Insider Transactions • Nov 13Co-founder recently bought kr205k worth of stockOn the 10th of November, Christopher Brinkeborn bought around 6k shares on-market at roughly kr34.23 per share. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of kr414k worth in shares.Reported Earnings • Nov 07Third quarter 2021 earnings releasedThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: kr7.37m (down 26% from 3Q 2020). Net loss: kr3.26m (loss narrowed 34% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 30% per year.Recent Insider Transactions • Aug 06Co-Founder & Chairman recently bought kr209k worth of stockOn the 3rd of August, Christopher Brinkeborn bought around 7k shares on-market at roughly kr32.08 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr672k. Christopher has been a buyer over the last 12 months, purchasing a net total of kr409k worth in shares.Reported Earnings • Aug 03Second quarter 2021 earnings releasedThe company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr9.61m (up 26% from 2Q 2020). Net loss: kr3.14m (loss narrowed 48% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.Recent Insider Transactions • Jun 12Co-Founder & COO recently bought kr308k worth of stockOn the 9th of June, Anh Vu bought around 10k shares on-market at roughly kr32.42 per share. In the last 3 months, they made an even bigger purchase worth kr672k. Anh has been a buyer over the last 12 months, purchasing a net total of kr1.0m worth in shares.Recent Insider Transactions • Jun 02Co-Founder & COO recently bought kr672k worth of stockOn the 27th of May, Anh Vu bought around 19k shares on-market at roughly kr35.16 per share. This was the largest purchase by an insider in the last 3 months. This was Anh's only on-market trade for the last 12 months.Reported Earnings • May 22First quarter 2021 earnings releasedThe company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr10.1m (up 23% from 1Q 2020). Net loss: kr2.88m (loss narrowed 49% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.分析記事 • Feb 20Have Insiders Been Buying Fram Skandinavien AB (STO:FRAM B) Shares This Year?It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...Reported Earnings • Feb 07Full year 2020 earnings released: kr5.50 loss per share (vs kr4.63 loss in FY 2019)The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: kr36.6m (up 28% from FY 2019). Net loss: kr18.7m (loss widened 12% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Jan 26New 90-day low: kr31.20The company is down 8.0% from its price of kr34.00 on 27 October 2020. The Swedish market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 18% over the same period.Is New 90 Day High Low • Nov 24New 90-day low: kr31.50The company is down 10.0% from its price of kr34.90 on 25 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 IT industry, which is up 16% over the same period.Is New 90 Day High Low • Oct 29New 90-day low: kr32.20The company is down 3.0% from its price of kr33.20 on 30 July 2020. The Swedish market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 16% over the same period.収支内訳Fram Skandinavien の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史OM:FRAM B 収益、費用、利益 ( )SEK Millions日付収益収益G+A経費研究開発費31 Mar 266-36031 Dec 256-36030 Sep 256-85030 Jun 256-74031 Mar 256-73031 Dec 246-83030 Sep 2412-2314030 Jun 2415-2615031 Mar 2420-2616031 Dec 2334-2817030 Sep 2344-137030 Jun 236188031 Mar 238168031 Dec 228689030 Sep 22901010030 Jun 2275-119031 Mar 2258-129031 Dec 2147-139030 Sep 2137-119030 Jun 2140-139031 Mar 2138-1611031 Dec 2037-1912030 Sep 2034-2312030 Jun 2032-2111031 Mar 2031-2010031 Dec 1929-179030 Sep 1925-129030 Jun 1922-1210031 Mar 1919-810031 Dec 1817-69030 Sep 1816-48030 Jun 181406031 Mar 181314031 Dec 171214030 Sep 171013030 Jun 17912031 Mar 17802031 Dec 16812031 Dec 152020質の高い収益: FRAM Bは現在利益が出ていません。利益率の向上: FRAM Bは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: FRAM Bは利益を出していないが、過去 5 年間で年間0.3%の割合で損失を削減してきた。成長の加速: FRAM Bの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: FRAM Bは利益が出ていないため、過去 1 年間の収益成長をIT業界 ( -14.2% ) と比較することは困難です。株主資本利益率高いROE: FRAM Bの負債は資産を上回っているため、自己資本利益率を計算することは困難です。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health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2026/06/11 00:32終値2026/06/11 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Fram Skandinavien 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Fredrik ReuterhallRedeye
Reported Earnings • May 15First quarter 2026 earnings released: kr0.28 loss per share (vs kr0.25 loss in 1Q 2025)First quarter 2026 results: kr0.28 loss per share (further deteriorated from kr0.25 loss in 1Q 2025). Revenue: kr1.60m (up 15% from 1Q 2025). Net loss: kr994.0k (loss widened 8.9% from 1Q 2025). 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 47% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 11Full year 2025 earnings released: kr0.47 loss per share (vs kr2.25 loss in FY 2024)Full year 2025 results: kr0.47 loss per share (improved from kr2.25 loss in FY 2024). Revenue: kr6.45m (up 4.7% from FY 2024). Net loss: kr4.55m (loss narrowed 44% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 13Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr1.58m (up 23% from 3Q 2024). Net loss: kr1.90m (loss widened 111% from 3Q 2024).
Reported Earnings • Aug 14Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr1.29m (down 23% from 2Q 2024). Net loss: kr875.0k (loss widened 119% from 2Q 2024).
Reported Earnings • Apr 30Full year 2024 earnings released: kr1.38 loss per share (vs kr7.67 loss in FY 2023)Full year 2024 results: kr1.38 loss per share (improved from kr7.67 loss in FY 2023). Revenue: kr6.06m (down 82% from FY 2023). Net loss: kr5.00m (loss narrowed 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 44% per year.
Reported Earnings • Feb 15Full year 2024 earnings released: kr1.87 loss per share (vs kr7.67 loss in FY 2023)Full year 2024 results: kr1.87 loss per share (improved from kr7.67 loss in FY 2023). Revenue: kr6.56m (down 81% from FY 2023). Net loss: kr5.00m (loss narrowed 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 38% per year.
Recent Insider Transactions • Jun 02Co-Founder & Former Chairman recently bought kr70k worth of stockOn the 29th of May, Christopher Bertram Beselin bought around 16k shares on-market at roughly kr4.47 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christopher Bertram has been a buyer over the last 12 months, purchasing a net total of kr591k worth in shares.
Reported Earnings • May 15First quarter 2026 earnings released: kr0.28 loss per share (vs kr0.25 loss in 1Q 2025)First quarter 2026 results: kr0.28 loss per share (further deteriorated from kr0.25 loss in 1Q 2025). Revenue: kr1.60m (up 15% from 1Q 2025). Net loss: kr994.0k (loss widened 8.9% from 1Q 2025). 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 47% per year, which means it is significantly lagging earnings.
お知らせ • Apr 17Fram Skandinavien AB (publ), Annual General Meeting, May 19, 2026Fram Skandinavien AB (publ), Annual General Meeting, May 19, 2026, at 10:00 W. Europe Standard Time. Location: qap legal advisors premises, at norrlandsgatan 7, stockholm, stockholm Sweden
Reported Earnings • Feb 11Full year 2025 earnings released: kr0.47 loss per share (vs kr2.25 loss in FY 2024)Full year 2025 results: kr0.47 loss per share (improved from kr2.25 loss in FY 2024). Revenue: kr6.45m (up 4.7% from FY 2024). Net loss: kr4.55m (loss narrowed 44% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
Recent Insider Transactions • Nov 19Insider recently bought kr409k worth of stockOn the 17th of November, Christopher Bertram Beselin bought around 84k shares on-market at roughly kr4.87 per share. This transaction amounted to 8.2% 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 the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Nov 13Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr1.58m (up 23% from 3Q 2024). Net loss: kr1.90m (loss widened 111% from 3Q 2024).
New Risk • Aug 22New 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 8.5% 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 Revenue is less than US$1m (kr5.6m revenue, or US$584k). Market cap is less than US$10m (kr15.5m market cap, or US$1.61m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).
Reported Earnings • Aug 14Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr1.29m (down 23% from 2Q 2024). Net loss: kr875.0k (loss widened 119% from 2Q 2024).
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Director Philip Lindqvist was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 30Full year 2024 earnings released: kr1.38 loss per share (vs kr7.67 loss in FY 2023)Full year 2024 results: kr1.38 loss per share (improved from kr7.67 loss in FY 2023). Revenue: kr6.06m (down 82% from FY 2023). Net loss: kr5.00m (loss narrowed 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 44% per year.
Reported Earnings • Feb 15Full year 2024 earnings released: kr1.87 loss per share (vs kr7.67 loss in FY 2023)Full year 2024 results: kr1.87 loss per share (improved from kr7.67 loss in FY 2023). Revenue: kr6.56m (down 81% from FY 2023). Net loss: kr5.00m (loss narrowed 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 38% per year.
お知らせ • Feb 15Fram Skandinavien AB (publ), Annual General Meeting, May 16, 2025Fram Skandinavien AB (publ), Annual General Meeting, May 16, 2025.
Reported Earnings • Nov 13Third quarter 2024 earnings released: kr0.30 loss per share (vs kr0.92 loss in 3Q 2023)Third quarter 2024 results: kr0.30 loss per share (improved from kr0.92 loss in 3Q 2023). Revenue: kr1.35m (down 71% from 3Q 2023). Net loss: kr903.0k (loss narrowed 73% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 16Second quarter 2024 earnings released: kr0.35 loss per share (vs kr0.23 loss in 2Q 2023)Second quarter 2024 results: kr0.35 loss per share. Revenue: kr1.81m (down 74% from 2Q 2023). Net loss: kr399.0k (loss narrowed 53% from 2Q 2023).
New Risk • May 27New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr12m 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 (-kr12m free cash flow). Market cap is less than US$10m (kr101.2m market cap, or US$9.49m). Minor Risk Revenue is less than US$5m (kr20m revenue, or US$1.9m).
Reported Earnings • May 19First quarter 2024 earnings released: kr0.95 loss per share (vs kr1.08 loss in 1Q 2023)First quarter 2024 results: kr0.95 loss per share (improved from kr1.08 loss in 1Q 2023). Revenue: kr1.80m (down 89% from 1Q 2023). Net loss: kr3.42m (loss narrowed 12% from 1Q 2023). 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 11% per year, which means it is significantly lagging earnings.
お知らせ • May 16Fram Skandinavien AB (Publ) Announces Executive ChangesFram Skandinavien AB (publ) announced changes back to previous Group Finance Director. As part of Fram Skandinavien’s initiatives to drive cost efficiency in its overhead structure, the Group has decided to change back from Tuyet Phan at Mazars, to its previous Group Finance Director, Son Ngo (also on a part time basis). The current Group Finance Director’s contract will expire on the 31st of May. As of the 1st of June, Son Ngo will again come back into his role as the Group Finance Director. In contrary to earlier, Son Ngo can now be engaged on a part-time basis and the Company deems this setup more efficient than engaging a Group Finance Director via an external agency like Mazars. With this change and assuming the proposals of the AGM are approved, Fram Skandinavien will have reduced the total annual costs for combined and changed CEO, Finance Director and Chairman roles by ca. -66% (or ca. SEK 1.75 million) year over year, as of June 2024. Son Ngo was Group Finance Director for Fram mid 2021 to Jan 2024. Prior to joining Fram, he held various leading positions in finance, audit and investments. Son has previously worked as CFO in CIC Highlands and Heart of Darkness Brewery. Prior to that, Son was with E&Y for almost a decade. Son also has a strong investment understanding as he was previously an Associate Director at the private equity fund VOIF (Vietnam Oman Investment Fund). Son Ngo was educated at the University of Economics HCMC, Bachelor in Finance and ACCA.
お知らせ • Apr 17Fram Skandinavien AB (publ), Annual General Meeting, May 17, 2024Fram Skandinavien AB (publ), Annual General Meeting, May 17, 2024, at 10:00 Central European Standard Time. Location: Qap Legal Advisors premises at Norrlandsgatan 7 Stockholm, Sweden Stockholm Sweden Agenda: To consider the Opening of the meeting and election of a chairman of the meeting; to consider the Preparation and approval of the voting register; to consider the Approval of the agenda; to consider the Election of one or two persons to attest the minutes; and to consider other matters.
New Risk • Mar 21New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr103.8m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (kr103.8m market cap, or US$9.90m). Minor Risk Revenue is less than US$5m (kr34m revenue, or US$3.2m).
お知らせ • Feb 20Fram Skandinavien AB (publ) Announces CEO ChangesFram Skandinavien AB (publ) announced the appointment of Per Rundblom as CEO, effective from March 1. The board wants to sincerely thank Hanh Mai for all her great work with the group thus far. However, given her great competency and track record within capital formation and investor relations, it has been mutually agreed that the Group cannot fully benefit from her great experiences at this juncture. Hanh Mai's last day with the group will be the 29th of February. The board and the Group hope to be able to work with Hanh Mai again in the future. Per Rundblom brings a long track record of working with early stage tech companies and is hence able to contribute both from the administrative perspective and from a more technical perspective on a venture level. Per Rundblom is currently, as founder & CEO, building the foodtech startup, Foodnest, and has previously been part of building up the tech startups Joptip and Great People, in parallel to his personal holding company, Brightspeed AB. Per Rundblom was educated in Economics and History at Uppsala University.
Reported Earnings • Feb 11Full year 2023 earnings released: kr3.50 loss per share (vs kr2.20 profit in FY 2022)Full year 2023 results: kr3.50 loss per share (down from kr2.20 profit in FY 2022). Revenue: kr34.4m (down 60% from FY 2022). Net loss: kr12.5m (down 257% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Jan 31Fram Skandinavien AB (Publ) Announces CFO ChangesFram Skandinavien AB (publ) decided to change its Group Finance Director role into being an outsourced resource from the global accounting firm, Mazars. The current Group Finance Director's contract will expire on the 31st of January and it will not be renewed. As of the 1st of February, Tuyet Phan will take over as a new part-time Group Finance Director. Prior to joining Fram, Tuyet held various leading positions within finance, accounting and auditing. She is currently working as Accounting and Outsourcing Manager at Mazars Vietnam. Prior to that, Tuyet was with Nexia STT for almost a decade as Audit Partner. She was educated at the University of Economics in Ho Chi Minh City (Bachelor in Accounting and Auditing) and is a CPA of Australia.
Reported Earnings • Nov 12Third quarter 2023 earnings released: kr0.90 loss per share (vs kr4.54 profit in 3Q 2022)Third quarter 2023 results: kr0.90 loss per share (down from kr4.54 profit in 3Q 2022). Revenue: kr4.74m (down 78% from 3Q 2022). Net loss: kr3.34m (down 120% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
New Risk • Oct 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr111.3m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (108% accrual ratio). Market cap is less than US$10m (kr111.3m market cap, or US$10.00m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change).
お知らせ • Aug 19GoLogiq, Inc. (OTCPK:GOLQ) signed a non-binding letter of intent to acquire 100% stake in Fram Venture 7 Ab from Fram Skandinavien AB (publ) (OM:FRAM B) for $20 million.GoLogiq, Inc. (OTCPK:GOLQ) signed a non-binding letter of intent to acquire 100% stake in Fram Venture 7 Ab from Fram Skandinavien AB (publ) (OM:FRAM B) for $20 million on August 17, 2023. As part of agreement $6 million will pay as upfront and remaining $14 million will pay as earnout depending upon the achievement of certain targets in the form of stock. The acquisition includes all of Fram Venture 7’s equity interest in its wholly-owned subsidiary, DragonLend. Under the terms of the letter of intent Fram Venture 7 secure employment agreements with management. The transaction is expected to close in September 2023.
New Risk • Aug 18New 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 9.3% 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 High level of non-cash earnings (108% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (kr140.6m market cap, or US$12.8m).
分析記事 • Aug 18At kr38.90, Is It Time To Put Fram Skandinavien AB (publ) (STO:FRAM B) On Your Watch List?Fram Skandinavien AB (publ) ( STO:FRAM B ), is not the largest company out there, but it saw a significant share price...
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improves as stock rises 28%After last week's 28% share price gain to kr38.90, the stock trades at a trailing P/E ratio of 18.2x. Average forward P/E is 14x in the IT industry in Sweden. Total returns to shareholders of 11% over the past three years.
New Risk • Aug 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr106.3m (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (108% accrual ratio). Market cap is less than US$10m (kr106.3m market cap, or US$9.81m).
Reported Earnings • Aug 11Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr14.6m (down 46% from 2Q 2022). Net loss: kr851.0k (loss narrowed 67% from 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
New Risk • Jul 06New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr108.8m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (105% accrual ratio). Market cap is less than US$10m (kr108.8m market cap, or US$9.94m).
お知らせ • May 31Fram Announces Management ChangeDuy Vu will conclude his role as Co-MD for Carmudi Vietnam as of May 31st, but will still continue to work with the company in his new role as Senior Advisor to Carmudi Vietnam. Consequently, as of June 1st, Keshav Rustagi, will also be changing title from Co-MD to MD of Carmudi Vietnam.
Reported Earnings • May 15First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr15.8m (down 24% from 1Q 2022). Net loss: kr3.89m (loss widened 99% from 1Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Sweden.
Reported Earnings • Feb 05Full year 2022 earnings released: EPS: kr1.33 (vs kr3.54 loss in FY 2021)Full year 2022 results: EPS: kr1.33 (up from kr3.54 loss in FY 2021). Revenue: kr85.8m (up 84% from FY 2021). Net income: kr4.80m (up kr17.6m from FY 2021). Profit margin: 5.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Feb 02Fram Skandinavien AB (publ), Annual General Meeting, May 12, 2023Fram Skandinavien AB (publ), Annual General Meeting, May 12, 2023.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Mikael Steinbach was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 15+ 3 more updatesFram Skandinavien AB (publ) to Report Q3, 2023 Results on Nov 10, 2023Fram Skandinavien AB (publ) announced that they will report Q3, 2023 results on Nov 10, 2023
Reported Earnings • Nov 05Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr21.6m (up 204% from 3Q 2021). Net income: kr16.4m (up kr19.7m from 3Q 2021). Profit margin: 76% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Nov 05Fram Skandinavien AB to Report Q4, 2022 Results on Feb 02, 2023Fram Skandinavien AB announced that they will report Q4, 2022 results on Feb 02, 2023
お知らせ • Nov 02Fram Skandinavien AB to Report Q3, 2022 Results on Nov 03, 2022Fram Skandinavien AB announced that they will report Q3, 2022 results on Nov 03, 2022
Major Estimate Revision • Sep 03Consensus revenue estimates increase by 14%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from kr76.0m to kr87.0m. Forecast losses expected to reduce from -kr3.10 to -kr2.90 per share. IT industry in Sweden expected to see average net income growth of 10% next year. Consensus price target up from kr75.00 to kr102. Share price rose 5.1% to kr41.00 over the past week.
お知らせ • Sep 03Fram Skandinavien AB Announces Executive ChangesFram Skandinavien has signed an agreement with Hanh Mai for her to become the new CEO of Fram Skandinavien AB, starting from September 19th this year. As a step to further focus the Company's core business on investments, the board of Fram Skandinavien AB has appointed Hanh Mai as the new CEO of the Group. Hanh Mai (born 1983 and holding a Master in Finance & Economics from Paris IX Dauphine University) is Vietnamese and has approximately 15 years of experience within asset management in France, of which the last ten years with one of the country's large asset managers, BPIFrance, in her role as Investment Director. Hanh Mai does not currently hold any FRAMB shares, but will shortly after her starting date be investing in the ESOP option program that was decided upon at the AGM. As of the 19th of September, Christopher Brinkeborn Beselin, will return to his role as Chairman of the Board and Mikael Steinbach will return to his role as Board Director.
お知らせ • Jul 15Ips Solutions Anstalt agreed to acquire Fram Venture 11 Ab from Fram Skandinavien AB (OM:FRAM B) for SEK 42.2 million.Ips Solutions Anstalt agreed to acquire Fram Venture 11 Ab from Fram Skandinavien AB (OM:FRAM B) for SEK 42.2 million on July 14, 2022. The purchase price is split into cash upfront of SEK 38.2 million upon closing of the transaction (expected to occur within seven business days) and an earn-out of approximately SEK 4 million, based on the 2022 EBITDA for Fram Venture 11 AB. The purchase price, on a cash and debt-free basis (Enterprise Value), is approximately SEK 42.4 million. Out of the SEK 38.2 million paid at closing, approximately SEK 4.2 million goes to repay the acquisition credit that the Fram Skandinavien AB has with Swedbank and SEK 3.5 million will be reserved by IPS Solutions to pay the two tranches that remain to be paid as part of the Fram Skandinavien AB previous acquisition of Exertus IT AB.
Reported Earnings • May 22First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: kr20.8m (up 115% from 1Q 2021). Net loss: kr1.96m (loss narrowed 32% from 1Q 2021). Over the next year, revenue is forecast to grow 39%, compared to a 22% growth forecast for the industry in Sweden. 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 23% per year, which means it is performing significantly worse than earnings.
分析記事 • May 18Is It Time To Consider Buying Fram Skandinavien AB (STO:FRAM B)?Fram Skandinavien AB ( STO:FRAM B ), might not be a large cap stock, but it led the OM gainers with a relatively large...
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Stina Andersson was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 05Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: kr3.08 loss per share (up from kr5.21 loss in FY 2020). Revenue: kr47.8m (up 31% from FY 2020). Net loss: kr11.1m (loss narrowed 41% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Recent Insider Transactions • Nov 13Co-founder recently bought kr205k worth of stockOn the 10th of November, Christopher Brinkeborn bought around 6k shares on-market at roughly kr34.23 per share. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of kr414k worth in shares.
Reported Earnings • Nov 07Third quarter 2021 earnings releasedThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: kr7.37m (down 26% from 3Q 2020). Net loss: kr3.26m (loss narrowed 34% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 30% per year.
Recent Insider Transactions • Aug 06Co-Founder & Chairman recently bought kr209k worth of stockOn the 3rd of August, Christopher Brinkeborn bought around 7k shares on-market at roughly kr32.08 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr672k. Christopher has been a buyer over the last 12 months, purchasing a net total of kr409k worth in shares.
Reported Earnings • Aug 03Second quarter 2021 earnings releasedThe company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr9.61m (up 26% from 2Q 2020). Net loss: kr3.14m (loss narrowed 48% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions • Jun 12Co-Founder & COO recently bought kr308k worth of stockOn the 9th of June, Anh Vu bought around 10k shares on-market at roughly kr32.42 per share. In the last 3 months, they made an even bigger purchase worth kr672k. Anh has been a buyer over the last 12 months, purchasing a net total of kr1.0m worth in shares.
Recent Insider Transactions • Jun 02Co-Founder & COO recently bought kr672k worth of stockOn the 27th of May, Anh Vu bought around 19k shares on-market at roughly kr35.16 per share. This was the largest purchase by an insider in the last 3 months. This was Anh's only on-market trade for the last 12 months.
Reported Earnings • May 22First quarter 2021 earnings releasedThe company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr10.1m (up 23% from 1Q 2020). Net loss: kr2.88m (loss narrowed 49% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
分析記事 • Feb 20Have Insiders Been Buying Fram Skandinavien AB (STO:FRAM B) Shares This Year?It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
Reported Earnings • Feb 07Full year 2020 earnings released: kr5.50 loss per share (vs kr4.63 loss in FY 2019)The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: kr36.6m (up 28% from FY 2019). Net loss: kr18.7m (loss widened 12% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Jan 26New 90-day low: kr31.20The company is down 8.0% from its price of kr34.00 on 27 October 2020. The Swedish market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 18% over the same period.
Is New 90 Day High Low • Nov 24New 90-day low: kr31.50The company is down 10.0% from its price of kr34.90 on 25 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 IT industry, which is up 16% over the same period.
Is New 90 Day High Low • Oct 29New 90-day low: kr32.20The company is down 3.0% from its price of kr33.20 on 30 July 2020. The Swedish market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 16% over the same period.