공시 • Mar 03
Valoe Corporation Announces Board Changes Valoe Corporation announced that Ville Parpola, Member of the Board Tuomas Honkamäki, Authorized Public Accountant, and Iikka Savisalo, Managing Director, have resigned from the Board of Valoe. Additionally, the Board agreed with Iikka Savisalo about his termination as the Managing Director of Valoe. Hannu Savisalo, Industrial Counsellor, will continue as the Chairman of the Board. 공시 • Dec 20
Valoe Oyj, Annual General Meeting, May 30, 2025 Valoe Oyj, Annual General Meeting, May 30, 2025. New Risk • Nov 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% 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 (-€3.7m free cash flow). Share price has been highly volatile over the past 3 months (52% average daily change). Negative equity (-€6.7m). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Market cap is less than US$10m (€3.29m market cap, or US$3.53m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€959k net loss in 3 years). Revenue is less than US$5m (€1.7m revenue, or US$1.8m). Board Change • Oct 01
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. 1 experienced director. 3 highly experienced directors. Independent Member of the Board Tuomas Honkamaki was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
First half 2023 earnings released: €0.01 loss per share (vs €0.01 loss in 1H 2022) First half 2023 results: €0.01 loss per share (in line with 1H 2022). Revenue: €910.0k (up 84% from 1H 2022). Net loss: €3.23m (loss narrowed 12% from 1H 2022). Revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. New Risk • Aug 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.12m (US$8.83m) 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 Less than 1 year of cash runway based on free cash flow trend (-€2.9m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-€6.3m). Market cap is less than US$10m (€8.12m market cap, or US$8.83m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€1.4m net loss in 3 years). Shareholders have been diluted in the past year (30% increase in shares outstanding). Revenue is less than US$5m (€1.3m revenue, or US$1.4m). 공시 • Jul 18
Valoe Appoints New Management Team Valoe Corporation appointed the following new members to the Company’s Management Team: Tuukka Savisalo, Teemu Pulkkinen and Matts Kempe. Of the former members, CEO Iikka Savisalo, Chairman of the Management Team, CFO Seija Kurki and Senior Vice President Jose Basso, who is responsible for Valoe’s solar cell business, continue in the Management Team. Tuukka Savisalo, b. in 1974, Ph.D., is Valoe’s Chief Technology Officer. He is responsible for the research and development of new products and technologies. Tuukka Savisalo has been working for Valoe since 2010. Before joining the Company, he gained several years of experience in industrial production, managing Savcor factories in the USA, Mexico and Hungary. Teemu Pulkkinen, b. in 1978, has been working for Valoe since 2013 in production management. Before joining Valoe, he worked in several international positions in the Savcor Group, where he was responsible for, e.g., production at Savcor's factories in China. Currently, Teemu Pulkkinen is responsible for Valoe’s solar module systems and the OddForm business. Matts Kempe, b. in 1969, has a Master of Science in Agriculture and Forestry. He is the Managing Director of ISC Bioheat Oy and has been working with Valoe in sales and marketing since 2019. For the moment, Matts Kempe is responsible for the sales and marketing at Valoe. Breakeven Date Change • May 23
No longer forecast to breakeven The analyst covering Valoe Oyj no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €1.90m in 2025. New forecast suggests the company will make a loss of €1.30m in 2025. Breakeven Date Change • Feb 26
No longer forecast to breakeven The analyst covering Valoe Oyj no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €1.90m in 2025. New forecast suggests the company will make a loss of €1.30m in 2025. Reported Earnings • Feb 24
Full year 2022 earnings released: €0.02 loss per share (vs €0.015 loss in FY 2021) Full year 2022 results: €0.02 loss per share (further deteriorated from €0.015 loss in FY 2021). Revenue: €1.31m (down 39% from FY 2021). Net loss: €7.67m (loss widened 61% from FY 2021). Revenue is forecast to grow 78% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Reported Earnings • Aug 26
First half 2022 earnings released: €0.01 loss per share (vs €0.01 loss in 1H 2021) First half 2022 results: €0.01 loss per share (vs €0.01 loss in 1H 2021). Revenue: €494.0k (down 60% from 1H 2021). Net loss: €3.65m (loss widened 47% from 1H 2021). Over the next year, revenue is forecast to grow 336%, compared to a 12% growth forecast for the Semiconductor industry in Germany. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: €0.02 loss per share (up from €0.027 loss in FY 2020). Revenue: €2.15m (up 33% from FY 2020). Net loss: €4.78m (loss narrowed 3.0% from FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Apr 27
Full year 2020 earnings released: €0.027 loss per share (vs €0.14 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €1.62m (up 394% from FY 2019). Net loss: €4.92m (loss narrowed 15% from FY 2019). Reported Earnings • Feb 25
Full year 2020 earnings released: €0.03 loss per share (vs €0.14 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €1.62m (up 394% from FY 2019). Net loss: €4.92m (loss narrowed 15% from FY 2019). 
