New Risk • Jun 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 108% 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 (-kr23m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (108% increase in shares outstanding). Revenue is less than US$1m (kr2.7m revenue, or US$287k). Market cap is less than US$10m (€3.85m market cap, or US$4.45m). Reported Earnings • May 31
First quarter 2026 earnings released: kr0.69 loss per share (vs kr0.70 loss in 1Q 2025) First quarter 2026 results: kr0.69 loss per share. Revenue: kr855.4k (up 66% from 1Q 2025). Net loss: kr3.85m (loss widened 2.7% from 1Q 2025). Board Change • May 20
No independent 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. 1 highly experienced director. No independent directors (6 non-independent directors). Director Par Carmonius was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공고 • Apr 29
PolarCool AB (publ) to Report Q1, 2026 Results on May 28, 2026 PolarCool AB (publ) announced that they will report Q1, 2026 results on May 28, 2026 공고 • Mar 07
PolarCool AB (publ.) Completes MDSAP Process Enabling Application for Product Approval in Canada PolarCool AB (publ.) has received its MDSAP approval (Medical Device Single Audit Program) following the successful completion of Stage 1 and Stage 2 audits conducted by Intertek. The MDSAP process is therefore finalized, and PolarCool can now proceed with the application for market approval of PolarCap® in Canada. The MDSAP approval means that PolarCool as a company is approved to launch products in several markets outside Europe, such as Canada, the United States, and Australia, among others. The approval replaces separate approvals of the company's quality management system by each market's respective regulatory authority. With the MDSAP approval in place, only a product approval is now required for each individual market. PolarCool will initially focus on North America, with the objective to obtain product approval for PolarCap® from Health Canada and the FDA during the first half of 2026. The completed MDSAP process has included a comprehensive review of the company's quality management system by Intertek, which is also PolarCool's Notified Body (NB). After PolarCool communicated in August and November that the company had successfully completed the two audits, the final review of the results and all non-conformities has now been completed with an approved outcome. 공고 • Jan 28
PolarCool AB (publ) to Report Fiscal Year 2025 Results on Feb 26, 2026 PolarCool AB (publ) announced that they will report fiscal year 2025 results on Feb 26, 2026 공고 • Oct 29
PolarCool AB (publ) to Report Q3, 2025 Results on Nov 27, 2025 PolarCool AB (publ) announced that they will report Q3, 2025 results on Nov 27, 2025 공고 • Oct 23
PolarCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 12.033352 million. PolarCool AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 12.033352 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,596,908
Price\Range: SEK 2.15
Transaction Features: Rights Offering 공고 • Jul 29
PolarCool AB (publ) to Report Q2, 2025 Results on Aug 28, 2025 PolarCool AB (publ) announced that they will report Q2, 2025 results on Aug 28, 2025 공고 • Apr 30
PolarCool AB (publ) to Report Q1, 2025 Results on May 29, 2025 PolarCool AB (publ) announced that they will report Q1, 2025 results on May 29, 2025 공고 • Jan 29
PolarCool AB (publ) to Report Fiscal Year 2024 Results on Feb 27, 2025 PolarCool AB (publ) announced that they will report fiscal year 2024 results on Feb 27, 2025 공고 • Oct 31
PolarCool AB (publ) to Report Q3, 2024 Results on Nov 29, 2024 PolarCool AB (publ) announced that they will report Q3, 2024 results on Nov 29, 2024 New Risk • Sep 14
New major risk - Negative shareholders equity The company has negative equity. Total equity: -kr1.0m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr3.8m free cash flow). Share price has been highly volatile over the past 3 months (865% average daily change). Negative equity (-kr1.0m). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 45x increase in shares outstanding). Revenue is less than US$1m (kr1.6m revenue, or US$157k). Market cap is less than US$10m (€3.81m market cap, or US$4.22m). 공고 • Aug 01
PolarCool AB (publ) to Report Q2, 2024 Results on Aug 30, 2024 PolarCool AB (publ) announced that they will report Q2, 2024 results on Aug 30, 2024 Board Change • Jul 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Par Carmonius was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • May 03
PolarCool AB (publ) to Report Q1, 2024 Results on May 31, 2024 PolarCool AB (publ) announced that they will report Q1, 2024 results on May 31, 2024 공고 • Apr 30
PolarCool AB (publ), Annual General Meeting, May 28, 2024 PolarCool AB (publ), Annual General Meeting, May 28, 2024. Reported Earnings • Feb 26
Full year 2023 earnings released: kr0.41 loss per share (vs kr1.07 loss in FY 2022) Full year 2023 results: kr0.41 loss per share (improved from kr1.07 loss in FY 2022). Revenue: kr1.98m (up 4.2% from FY 2022). Net loss: kr12.1m (flat on FY 2022). 공고 • Jan 25
PolarCool AB (publ) to Report Fiscal Year 2023 Results on Feb 23, 2024 PolarCool AB (publ) announced that they will report fiscal year 2023 results on Feb 23, 2024 Reported Earnings • Nov 27
Third quarter 2023 earnings released: kr0.11 loss per share (vs kr0.20 loss in 3Q 2022) Third quarter 2023 results: kr0.11 loss per share. Revenue: kr326.2k (down 57% from 3Q 2022). Net loss: kr3.02m (loss widened 24% from 3Q 2022). 공고 • Oct 26
PolarCool AB (publ) to Report Q3, 2023 Results on Nov 24, 2023 PolarCool AB (publ) announced that they will report Q3, 2023 results on Nov 24, 2023 Reported Earnings • Aug 28
Second quarter 2023 earnings released: kr0.13 loss per share (vs kr0.37 loss in 2Q 2022) Second quarter 2023 results: kr0.13 loss per share (improved from kr0.37 loss in 2Q 2022). Revenue: kr360.5k (up 86% from 2Q 2022). Net loss: kr3.40m (loss narrowed 16% from 2Q 2022). 공고 • Jul 28
PolarCool AB (publ) to Report Q2, 2023 Results on Aug 25, 2023 PolarCool AB (publ) announced that they will report Q2, 2023 results on Aug 25, 2023 New Risk • Jun 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% 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 (-kr9.4m free cash flow). Share price has been highly volatile over the past 3 months (53% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m (kr2.0m revenue, or US$189k). Market cap is less than US$10m (€847.4k market cap, or US$912.9k). 공고 • Jan 26
PolarCool AB (publ) to Report Fiscal Year 2022 Results on Feb 24, 2023 PolarCool AB (publ) announced that they will report fiscal year 2022 results on Feb 24, 2023 Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Par Carmonius was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • Oct 27
PolarCool AB (publ) to Report Nine Months, 2022 Results on Nov 25, 2022 PolarCool AB (publ) announced that they will report nine months, 2022 results on Nov 25, 2022 공고 • Oct 20
PolarCool Developed PolarCap PolarCool has developed PolarCap, a medical device that actively cools down the brain in the acute phase of an injury to decrease concussion symptoms. Reported Earnings • May 31
First quarter 2022 earnings released: kr0.29 loss per share (vs kr0.21 loss in 1Q 2021) First quarter 2022 results: kr0.29 loss per share (down from kr0.21 loss in 1Q 2021). Net loss: kr2.96m (loss widened 64% from 1Q 2021). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Gustaf Frithz was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 17
Full year 2021 earnings released: kr0.83 loss per share (vs kr1.66 loss in FY 2020) Full year 2021 results: kr0.83 loss per share. Net loss: kr7.10m (loss widened 3.4% from FY 2020). 공고 • Apr 07
PolarCool AB (publ), Annual General Meeting, May 05, 2022 PolarCool AB (publ), Annual General Meeting, May 05, 2022. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.83 loss per share (up from kr1.66 loss in FY 2020). Net loss: kr7.10m (loss widened 3.4% from FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Aug 29
Second quarter 2021 earnings released: kr0.17 loss per share (vs kr0.43 loss in 2Q 2020) Second quarter 2021 results: Net loss: kr1.48m (loss widened 3.9% from 2Q 2020). 공고 • Jun 30
PolarCool Develops PolarCap System PolarCool has developed PolarCap System, a tool with the potential to redefine the approach to brain injuries within this context. Reported Earnings • Jun 02
First quarter 2021 earnings released: kr0.21 loss per share (vs kr0.69 loss in 1Q 2020) First quarter 2021 results: Net loss: kr1.81m (loss narrowed 7.5% from 1Q 2020).