Buy Or Sell Opportunity • Jun 01
Now 21% undervalued Over the last 90 days, the stock has risen 39% to €0.10. The fair value is estimated to be €0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 1,538% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Breakeven Date Change • May 25
Forecast to breakeven in 2028 The 2 analysts covering Norsk Titanium expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 62% per year to 2027. The company is expected to make a profit of US$19.0m in 2028. Average annual earnings growth of 89% is required to achieve expected profit on schedule. Breakeven Date Change • Dec 30
No longer forecast to breakeven The analyst covering Norsk Titanium no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of US$3.01m in 2027. New forecast suggests the company will make a loss of US$8.00m in 2027. 공시 • Sep 25
Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 40.7268 million. Norsk Titanium AS has completed a Follow-on Equity Offering in the amount of NOK 40.7268 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,726,800
Price\Range: NOK 1
Transaction Features: Rights Offering 공시 • Aug 22
Norsk Titanium AS has filed a Follow-on Equity Offering. Norsk Titanium AS has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 133,320,621
Transaction Features: Subsequent Direct Listing 공시 • May 06
Norsk Titanium AS Announces Executives Appointments Norsk Titanium AS at its Annual general meeting held on May 6, 2025, elected Bettina Weber and Nicole Clement as board members with an election term until the ordinary general meeting in 2027. 공시 • Mar 04
Norsk Titanium AS Appoints Boyd Adams as Chief Commercial Officer Norsk Titanium AS announced appointment of Boyd Adams as Chief Commercial Officer. Mr. Adams joins Norsk Titanium from FRISA, where he was Vice President, FRISA Aerospace/FRISA Precision. Prior to his 14-year tenure at FRISA, Mr. Adams held various roles in operations, engineering, procurement, program management and commercial with Carlton Forge a PCC Company, Rolls-Royce and Lucas Aerospace. As a member of the Norsk Titanium Leadership Team and reporting to CEO Carl Johnson, Mr. Adams will bring valuable insight into its target markets and be instrumental in guiding strategy and driving growth. As the leader of the Company’s Commercial organization, Mr. Adams will strengthen the Company’s relationships with existing customers and expand sales into new markets and new products. Mr. Adams holds a Bachelor of Science in Materials Technology, and a Diploma in Management Studies from the University of Wolverhampton and is a Chartered Engineer. 공시 • Oct 25
Norsk Titanium AS to Report Q3, 2024 Results on Oct 30, 2024 Norsk Titanium AS announced that they will report Q3, 2024 results at 7:30 AM, Central European Standard Time on Oct 30, 2024 New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$25m 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 (-US$25m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (147% increase in shares outstanding). Minor Risk Revenue is less than US$5m (US$2.4m revenue). Breakeven Date Change • Jun 07
Forecast breakeven date pushed back to 2026 The 2 analysts covering Norsk Titanium previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$32.0m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule. 공시 • May 15
Norsk Titanium AS Elects Members to the Nomination Committee Norsk Titanium AS at the ordinary general meeting held on 14 May 2024, the following persons are elected as members of the nomination committee: Linda Helland, chairperson; Jørn Aage Johansen, member, with an election term until the ordinary general meeting in 2026. 공시 • May 01
Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 220 million. Norsk Titanium AS has filed a Follow-on Equity Offering in the amount of NOK 220 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 53,703,630
Price\Range: NOK 2.5
Security Name: Shares
Security Type: Common Stock
Securities Offered: 34,296,370
Price\Range: NOK 2.5
Transaction Features: Subsequent Direct Listing Reported Earnings • Apr 25
Full year 2023 earnings released: US$0.10 loss per share (vs US$0.043 loss in FY 2022) Full year 2023 results: US$0.10 loss per share (further deteriorated from US$0.043 loss in FY 2022). Revenue: US$2.50m (up 150% from FY 2022). Net loss: US$26.7m (loss widened 185% from FY 2022). Revenue is forecast to grow 60% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Board Change • Mar 29
Less than half of directors are independent Following 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. 3 non-independent directors. Independent Director Mimi Berdal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
