공시 • Jan 22
Zwipe AS, Annual General Meeting, Jun 06, 2025 Zwipe AS, Annual General Meeting, Jun 06, 2025. New Risk • Oct 08
New major risk - Revenue and earnings growth Earnings have declined by 4.8% 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 Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 4.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m (kr658k revenue, or US$62k). Market cap is less than US$10m (€4.50m market cap, or US$4.95m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-kr76m). Reported Earnings • Feb 25
Full year 2023 earnings released: kr1.86 loss per share (vs kr2.80 loss in FY 2022) Full year 2023 results: kr1.86 loss per share (improved from kr2.80 loss in FY 2022). Net loss: kr100.0m (loss narrowed 4.5% from FY 2022). Revenue is forecast to grow 123% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. New Risk • Feb 24
New major risk - Revenue and earnings growth Earnings have declined by 7.7% 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 (-kr120m free cash flow). Share price has been highly volatile over the past 3 months (69% average daily change). Earnings have declined by 7.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (164% increase in shares outstanding). Revenue is less than US$1m (kr4.4m revenue, or US$416k). Market cap is less than US$10m (€3.92m market cap, or US$4.24m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr60m net loss in 2 years). Breakeven Date Change • Feb 07
No longer forecast to breakeven The analyst covering Zwipe no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr32.5m in 2025. New forecast suggests the company will make a loss of kr60.0m in 2025. 공시 • Dec 15
Zwipe AS has completed a Composite Units Offering. Zwipe AS has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 44,046,223
Price\Range: NOK 0.59
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 14,367,509
Price\Range: NOK 0.6
Transaction Features: Rights Offering 공시 • Dec 12
Zwipe and HID Bring Recycled PVC to Biometric Smart Cards, A First in the Market Zwipe has partnered with HID, to release a recycled PVC prelaminate for its biometric smart card Zwipe Pay. HID offers a prelaminate exclusively made from 100% recycled PVC designed specifically for producing biometric smart cards. When paired with the Zwipe Pay IC Module and fingerprint sensor, smart card manufacturers have the essential components to produce eco-friendly biometric smart cards that meet Mastercard Card Quality Management (CQM) requirements, including the use of sustainable materials in any new card issued as of 2028. The recycled PVC prelaminates for Zwipe Pay are globally available for order now. New Risk • Dec 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% 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 Share price has been highly volatile over the past 3 months (54% average weekly change). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (kr4.4m revenue, or US$403k). Market cap is less than US$10m (€3.00m market cap, or US$3.24m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-kr120m). New Risk • Nov 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% 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 Share price has been highly volatile over the past 3 months (50% average weekly change). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (kr4.4m revenue, or US$405k). Market cap is less than US$10m (€3.40m market cap, or US$3.71m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-kr120m). Board Change • Oct 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Dennis Jones was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 05
Zwipe AS to Report Q3, 2023 Results on Oct 23, 2023 Zwipe AS announced that they will report Q3, 2023 results on Oct 23, 2023 공시 • Sep 25
Zwipe AS Announces Resignation of Tanya Juul Kjær from the Board of Directors Zwipe AS announced that Tanya Juul Kjær, member of the Board of Directors, has resigned with immediate effect due to time constraints involving her myriad other professional commitments. Ms. Kjær has been a member of Zwipe's Board of Directors since May 2019 and will not be immediately replaced. 공시 • Sep 12
Zwipe AS Announces Resignation of Eric Mercer as COO, Effective 29 September 2023 Zwipe announces that Eric Mercer, COO of Zwipe AS, will leave the company as a result of the June streamlining announcement and closure of the Zwipe America subsidiary. He has accepted a new position as Director of Finance with a US-based company. Mr. Mercer has been with Zwipe for 5.5 years and has been very important in leading Zwipe to where it stands on 11 September 2023. He has worn various hats over the years: managing its global operations, quality and supply chain management, acting as program manager for Zwipe Pay and Zwipe Access, leading Zwipe America when it was a large team, developing personnel, and managing key partnerships across the value chain. Mr. Mercer will remain with the company through 29 September 2023. Reported Earnings • Aug 25
First half 2023 earnings released: kr1.14 loss per share (vs kr1.28 loss in 1H 2022) First half 2023 results: kr1.14 loss per share. Net loss: kr56.1m (loss widened 18% from 1H 2022). Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. 공시 • Jul 12
Zwipe as Approves Election of Robert Jansson as New Member to the Board Zwipe AS at its EGM held on July 10, 2023 approved election of Robert Jansson as new member to the Board, with a service time until the annual general meeting in 2025, i.e. for just under two years. As from 10 July 2023, the Board consists of the following, all with a service period until the annual general meeting in 2025: -Jörgen Lantto, Chair of the Board -Dennis Jones -Tanya Juul Kjaer -Christina Örn -David Chew -Robert Jansson . Breakeven Date Change • Jul 09
Forecast to breakeven in 2025 The 2 analysts covering Zwipe expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 45% per year to 2024. The company is expected to make a profit of kr97.0m in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule. 공시 • May 12
Zwipe AS Announces Board Changes Zwipe AS announced that Christina Örn and David Chew are elected as new Board members at its Annual General Meeting held on 11 May 2023. Breakeven Date Change • Feb 07
Forecast breakeven date pushed back to 2025 The analyst covering Zwipe previously expected the company to break even in 2024. New forecast suggests losses will reduce by 58% per year to 2024. The company is expected to make a profit of kr23.0m in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Reported Earnings • Feb 05
Full year 2022 earnings released: kr14.08 loss per share (vs kr2.46 loss in FY 2021) Full year 2022 results: kr14.08 loss per share (further deteriorated from kr2.46 loss in FY 2021). Net loss: kr104.2m (loss widened 25% from FY 2021). Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Reported Earnings • Aug 26
First half 2022 earnings released: kr1.28 loss per share (vs kr0.82 loss in 1H 2021) First half 2022 results: kr1.28 loss per share (down from kr0.82 loss in 1H 2021). Net loss: kr47.7m (loss widened 77% from 1H 2021). Over the next year, revenue is forecast to grow 1,919%, compared to a 16% growth forecast for the Electronic industry in Germany. Breakeven Date Change • May 18
Forecast breakeven date pushed back to 2024 The analyst covering Zwipe previously expected the company to break even in 2023. New forecast suggests losses will reduce by 69% per year to 2023. The company is expected to make a profit of kr73.0m in 2024. Average annual earnings growth of 87% is required to achieve expected profit on schedule. 공시 • Feb 25
Zwipe AS to Report First Half, 2022 Results on Aug 25, 2022 Zwipe AS announced that they will report first half, 2022 results on Aug 25, 2022 Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: kr2.46 loss per share (down from kr2.27 loss in FY 2020). Net loss: kr83.5m (loss widened 35% from FY 2020). Revenue missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 2,458%, compared to a 23% growth forecast for the industry in Germany. 공시 • Nov 27
Zwipe Launches Biometric Solution for Access Control and Enters Collaborations with Hid Global, LeGrand and Southco Zwipe announced the launch of a two-factor authentication solution for access control based on its biometric authentication technology platform. The global access control market is valued at USD 7.65 billion and is expected to reach USD 11.7 billion by 2026. Entering the access control market, Zwipe announces collaborations with several well-known companies in the security industry; notably HID Global, an ASSA ABLOY Group brand and a worldwide leader in trusted identity solutions, LeGrand, the global specialist in high-value-added products and solutions for commercial, residential, and industrial buildings, and Southco, the leading global designer and manufacturer of engineered access solutions. The coalition will bring a highly advanced, cost-effective, biometric authentication solution to market. The full capability of Zwipe's biometric card operates with existing access control systems thereby removing the need to make any time-consuming and costly adjustments to existing access control infrastructure. The complete solution will be demonstrated for the first time at TRUSTECH in Paris, on Zwipe's booth, from 30 November 2021. The customer project has started with Raritan (the data center expert company with worldwide references and a subsidiary of LeGrand), focusing on the joint development of a highly secure solution based on Zwipe's biometric card technology that delivers a new level of secure access for data center cabinets. 공시 • Nov 25
Zwipe Launches Innovative Enrolment Solutions and Creates Breakthrough for Issuers Zwipe launched a range of enrolment solutions to complement their next-generation biometric payment card platform, Zwipe Pay ONE. Seamless customer onboarding remains one of the most important components in enabling the transition to the safer and more secure payment experience provided by biometric payment cards. The Zwipe R&D team has created some exclusive inventions to overcome several challenges that many in the industry had considered insurmountable. For the first time, it is now a realistic proposition to have consumers enroll their card at home using just a mobile phone and a set of simple instructions. Zwipe has created a range of innovative enrolment solutions that meet the evolving demands of the financial services industry and consumers. With a focus on providing simple to use, cost-effective and low environmental impact products, Zwipe will deliver multiple different types of solutions that include not only passive and customizable enrolment devices, such as sleeves, highly integrated card fulfilment packaging, and branch-based enrolment solutions, but also self-service mobile phone APIs that can easily be integrated into issuer apps. Issuers can choose the solutions that best suit their needs and use cases of their products and cardholder segments. For example, while mobile app-based enrolment would be attractive for the majority of consumers, in-branch supervised enrolment may better suit financial inclusion programs. All these solutions will be made available to Zwipe Pay ONE customers in 2022. The enrolment solutions will be demonstrated at TRUSTECH in Paris, on Zwipe's booth, from 30 November 2021. Recent Insider Transactions • Sep 04
Independent Director recently sold €334k worth of stock On the 3rd of September, Carl Magnus Biehl sold around 93k shares on-market at roughly €3.60 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €306k more than they bought in the last 12 months. Reported Earnings • Aug 30
First half 2021 earnings released: kr0.82 loss per share (vs kr1.25 loss in 1H 2020) First half 2021 results: Net loss: kr26.9m (loss narrowed 15% from 1H 2020). Executive Departure • May 22
Director has left the company On the 19th of May, Pål Vegard's tenure as Director ended after 1.0 years in the role. As of March 2021, Pål personally held 568.26k shares (€1.5m worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • May 22
Independent Non-Executive Director has left the company On the 19th of May, Dorian Moshe Barak's tenure as Independent Non-Executive Director ended after 2.1 years in the role. We don't have any record of a personal shareholding under Dorian Moshe's name. A total of 2 executives have left over the last 12 months. 공시 • Mar 03
Tag Systems Steps Up Collaboration with Zwipe on Biometric Payment Cards Tag Systems has decided to step up its collaboration with Zwipe on biometric payment cards. The parties have been working together since 2019 and as the biometric payment cards marketplace has evolved, they are now stepping up their collaboration to bring the most advanced new biometric payment cards to issuers in Europe and North America. Tag Systems also placed a small order for Zwipe Pay ONE. As part of the new agreement, Tag Systems will proactively promote Zwipe Pay ONE biometric payment cards towards issuers and partner bureaus in Europe and the USA. The two parties have also agreed to execute a go-to-market plan to jointly sell and market these next generation payment cards. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue misses expectations Revenue missed analyst estimates by 10.0%. Over the next year, revenue is forecast to grow 880%, compared to a 17% growth forecast for the Electronic industry in Germany. Reported Earnings • Feb 28
Full year 2020 earnings released: kr2.27 loss per share (vs kr5.98 loss in FY 2019) Full year 2020 results: Net loss: kr62.1m (loss narrowed 35% from FY 2019). Is New 90 Day High Low • Feb 11
New 90-day high: €2.07 The company is up 13% from its price of €1.82 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 20% over the same period. 공시 • Dec 04
Zwipe AS and Veritech Partner to Deliver Next Generation Contactless Payments in Kuwait Zwipe AS and Verech, have partnered to address the growing demand for biometric payment solutions in Kuwait and across the Middle East. Through this partnership, Zwipe will provide key components for the Zwipe Pay ONE biometric payments platform and take lead on providing advisory services directly to banks and card issuers focusing on user experience in close collaboration with VeriTech. 공시 • Nov 24
Zwipe Confirms Biometric Payment Card Pilot Zwipe has confirmed that its Zwipe Pay ONE platform will be incorporated in the recently announced market pilot with TietoEVRY and OP Financial Group. Subject to a successful pilot, OP will consider launching biometric payment cards. 