Reported Earnings • Apr 29
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr1.53m (down 63% from 1Q 2023). Net loss: kr710.0k (down kr767.0k from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 11
Full year 2023 earnings released: kr0.034 loss per share (vs kr0.034 loss in FY 2022) Full year 2023 results: kr0.034 loss per share (in line with FY 2022). Revenue: kr13.5m (up 45% from FY 2022). Net loss: kr2.32m (loss widened 26% from FY 2022). 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 41% per year. New Risk • Nov 07
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Less than 1 year of cash runway based on free cash flow trend (-kr1.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 1.1% per year over the past 5 years. Market cap is less than US$10m (kr9.92m market cap, or US$906.6k). Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Revenue is less than US$5m (kr15m revenue, or US$1.4m). Reported Earnings • Nov 07
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr3.16m (up 33% from 3Q 2022). Net loss: kr315.0k (loss widened 81% from 3Q 2022). Reported Earnings • Aug 28
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr5.00m (up 118% from 2Q 2022). Net income: kr105.0k (up kr207.0k from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 23
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr2.39m (up 75% from 3Q 2021). Net loss: kr174.0k (loss widened 335% from 3Q 2021). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Gert Thell was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 28
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr2.30m (up 5.6% from 2Q 2021). Net loss: kr102.0k (down 343% from profit in 2Q 2021). Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Gert Thell was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 12
Full year 2021 earnings released Full year 2021 results: Revenue: kr7.17m (up 21% from FY 2020). Net loss: kr766.0k (loss narrowed 4.6% from FY 2020). Over the last 3 years on average, earnings per share has increased by 54% per year whereas the company’s share price has increased by 57% per year. Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Gert Thell was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 23
Third quarter 2021 earnings released The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr1.38m (up 12% from 3Q 2020). Net loss: kr40.0k (loss narrowed 87% from 3Q 2020). Reported Earnings • Apr 26
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr1.60m (up 62% from 1Q 2020). Net income: kr5.0k (up kr586.0k from 1Q 2020). Profit margin: 0.3% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 25
CEO & Director recently sold kr92k worth of stock On the 20th of March, Margareta Krook sold around 156k shares on-market at roughly kr0.59 per share. This was the largest sale by an insider in the last 3 months. This was Margareta's only on-market trade for the last 12 months. Reported Earnings • Mar 08
Full year 2020 earnings released The company reported a poor full year result with weaker revenues, weaker control over costs and no improvement to losses. Full year 2020 results: Revenue: kr6.60m (down 9.6% from FY 2019). Net loss: kr803.0k (flat on FY 2019). Over the last 3 years on average, earnings per share has increased by 59% per year whereas the company’s share price has increased by 64% per year. Is New 90 Day High Low • Dec 29
New 90-day low: kr0.34 The company is down 25% from its price of kr0.45 on 30 September 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day low: kr0.37 The company is down 8.0% from its price of kr0.40 on 14 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 Electronic industry, which is up 18% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of kr602.0k, with losses narrowing by 36% from the prior year. Total revenue was kr6.74m over the last 12 months, up 9.4% from the prior year. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total losses of kr602.0k, with losses narrowing by 36% from the prior year. Total revenue was kr7.42m over the last 12 months, up 20% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: kr0.38 The company is down 10.0% from its price of kr0.42 on 23 July 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period.