공시 • May 26
Hitech & Development Wireless Sweden Holding AB (publ), Annual General Meeting, Jun 25, 2025 Hitech & Development Wireless Sweden Holding AB (publ), Annual General Meeting, Jun 25, 2025, at 09:00 W. Europe Standard Time. Location: at the company`s premises, in kista science tower, address farogatan 33, stockholm Sweden Reported Earnings • Oct 27
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr11.6m (up 61% from 3Q 2023). Net loss: kr2.03m (loss narrowed 73% from 3Q 2023). Reported Earnings • Aug 25
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr11.6m (up 59% from 2Q 2023). Net loss: kr7.48m (loss widened 6.3% from 2Q 2023). New Risk • May 20
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: -kr12m 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 (-kr12m free cash flow). Share price has been highly volatile over the past 3 months (786% average daily change). Earnings have declined by 1.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Market cap is less than US$10m (€955.1k market cap, or US$1.04m). Minor Risk Revenue is less than US$5m (kr26m revenue, or US$2.4m). Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr4.91m (down 27% from 1Q 2023). Net loss: kr11.4m (loss widened 52% from 1Q 2023). Reported Earnings • Feb 13
Full year 2023 earnings released: kr0.075 loss per share (vs kr0.15 loss in FY 2022) Full year 2023 results: kr0.075 loss per share. Revenue: kr27.9m (up 26% from FY 2022). Net loss: kr36.5m (loss widened 5.2% from FY 2022). Revenue is forecast to grow 79% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Communications industry in Europe. 공시 • Jan 28
Hitech & Development Wireless Sweden Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 11.38091 million. Hitech & Development Wireless Sweden Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 11.38091 million.
Security Name: A Shares
Security Type: Common Stock
Securities Offered: 6,586,666
Price\Range: SEK 0.07
Security Name: B Shares
Security Type: Common Stock
Securities Offered: 155,997,762
Price\Range: SEK 0.07
Transaction Features: Rights Offering New Risk • Sep 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 89% 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 (-kr12m free cash flow). Share price has been highly volatile over the past 3 months (82% average weekly change). Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Market cap is less than US$10m (€3.20m market cap, or US$3.39m). Minor Risk Revenue is less than US$5m (kr28m revenue, or US$2.6m). Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr7.75m (up 86% from 2Q 2022). Net loss: kr7.04m (loss narrowed 27% from 2Q 2022). Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Communications industry in Europe. Breakeven Date Change • Jun 11
Forecast breakeven date pushed back to 2025 The analyst covering Hitech & Development Wireless Sweden Holding previously expected the company to break even in 2024. New forecast suggests losses will reduce by 85% per year to 2024. The company is expected to make a profit of kr35.5m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Reported Earnings • Feb 02
Full year 2022 earnings released: kr0.15 loss per share (vs kr0.15 loss in FY 2021) Full year 2022 results: kr0.15 loss per share (further deteriorated from kr0.15 loss in FY 2021). Revenue: kr24.3m (up 54% from FY 2021). Net loss: kr39.6m (loss widened 49% from FY 2021). Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Communications industry in Europe. 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. 3 non-independent directors. Director Per Melin was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr6.27m (up 49% from 3Q 2021). Net loss: kr8.04m (loss widened 74% from 3Q 2021). Revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Communications industry in Europe. Reported Earnings • Aug 28
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr4.42m (up 8.5% from 2Q 2021). Net loss: kr9.68m (loss widened 49% from 2Q 2021). Over the next year, revenue is forecast to grow 239%, compared to a 8.6% growth forecast for the Communications industry in Germany. Reported Earnings • May 01
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr4.08m (up 42% from 1Q 2021). Net loss: kr10.3m (loss widened 12% from 1Q 2021). Over the next year, revenue is forecast to grow 149%, compared to a 7.3% growth forecast for the industry in Germany. 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. 3 non-independent directors. Director Per Melin was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 28
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: kr0.15 loss per share (up from kr0.28 loss in FY 2020). Revenue: kr16.7m (down 5.4% from FY 2020). Net loss: kr26.6m (loss widened 16% from FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 192%, compared to a 7.0% growth forecast for the industry in Germany. Reported Earnings • Nov 03
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: kr4.57m (up 71% from 3Q 2020). Net loss: kr4.61m (loss narrowed 36% from 3Q 2020). Reported Earnings • Aug 29
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: kr4.05m (down 23% from 2Q 2020). Net loss: kr6.50m (down 329% from profit in 2Q 2020). Reported Earnings • May 11
First quarter 2021 earnings released The company reported a poor first quarter result with weaker revenues, weaker control over costs and no improvement to losses. First quarter 2021 results: Revenue: kr3.04m (down 51% from 1Q 2020). Net loss: kr9.20m (flat on 1Q 2020). Analyst Estimate Surprise Post Earnings • Mar 01
Revenue misses expectations Revenue missed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 54%, compared to a 1.8% growth forecast for the Communications industry in Germany. Reported Earnings • Feb 28
Full year 2020 earnings released: kr0.38 loss per share (vs kr0.91 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: kr23.0m (down 26% from FY 2019). Net loss: kr23.0m (loss narrowed 41% from FY 2019).