New Risk • Jul 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Shares are highly illiquid. Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Reported Earnings • Jul 16
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: US$105.0m (up 35% from 2Q 2025). Net income: US$38.0m (flat on 2Q 2025). Profit margin: 36% (down from 49% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Energy Services industry in the United Kingdom are expected to grow by 5.8%. 공고 • Jul 15
Solstad Offshore ASA Approves Cash Dividend for the Second Quarter of 2026, Payable on or About 29 July 2026 Solstad Offshore ASA announced the Board of Directors had resolved to distribute a cash dividend of USD 0.15 per share for the second quarter of 2026 to its shareholders, totalling approximately USD 12.4 million, based on the authorization approved by the General Meeting on 13 May 2026. Last day of trading in the Solstad Offshore ASA share inclusive of the right to receive the dividend is 16 July 2026. Ex-date is 17 July 2026. Record date is 20 July 2026. Distribution date is on or about 29 July 2026. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr65.70, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 214% over the past three years. 공고 • May 22
Solstad Offshore ASA Approves Cash Dividend Solstad Offshore ASA at its shareholders meeting held on May 13, 2026, approved cash dividend of USD 0.10 per share. The dividend will be paid in NOK. New Risk • May 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Shares are highly illiquid. Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Upcoming Dividend • May 11
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 27 May 2026. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 4.2%. Reported Earnings • May 10
First quarter 2026 earnings released: EPS: US$0.35 (vs US$0.28 in 1Q 2025) First quarter 2026 results: EPS: US$0.35 (up from US$0.28 in 1Q 2025). Revenue: US$86.0m (up 25% from 1Q 2025). Net income: US$29.0m (up 26% from 1Q 2025). Profit margin: 34% (in line with 1Q 2025). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. 공고 • May 09
Solstad Offshore Asa Proposes Cash Dividend for the First Quarter 2026, Payable on or About 27 May 2026 The board of directors of Solstad Offshore ASA announced that it intends to distribute a cash dividend of USD 0.1 per share to its shareholders for the first quarter 2026, totalling approximately USD 8 million. Such distribution is subject to a formal decision by the Board of Directors, expected 15 May 2026, which in turn is dependent on the approval by the General Meeting on 13 May 2026 of (1) the annual accounts for 2025 and (2) an authorization to Board of Directors to distribute dividends. Key information relating to the cash dividend is set out below: Ex-date: 18 May 2026, Record date: 19 May 2026, Distribution date: On or about 27 May 2026, Date of approval: 15 May 2026. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: US$1.69 (vs US$1.40 in FY 2024) Full year 2025 results: EPS: US$1.69 (up from US$1.40 in FY 2024). Revenue: US$290.0m (up 13% from FY 2024). Net income: US$139.4m (up 21% from FY 2024). Profit margin: 48% (up from 45% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. 공고 • Mar 10
Solstad Offshore ASA Approves Cash Dividend, Payable on or About 13 March 2026 Solstad Offshore ASA at its extraordinary general meeting held on 9 Mars 2026 approved that the company shall distribute a dividend in cash of USD 0.050 per share, totalling USD 4,117,339,75, based on the Company's audited interim balance statement with a balance date of 30 November 2025, to shareholders as per 9 March 2026, as recorded in the VPS on 11 March 2026. The shares in the Company are thus traded without the right to receive the dividend as of 10 March 2026. The dividend will be charged to the Company's share premium reserve and is expected to be paid on or about 13 March 2026. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 10 March 2026. Payment date: 13 March 2026. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (4.7%). New Risk • Feb 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 55% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. 공고 • Feb 16
Solstad Offshore ASA Proposes Cash Dividend for the Fourth Quarter of 2025, Payable on or About 13 March 2026 Solstad Offshore ASA proposed at its EGM to be held on 9 March 2026 to distribute a cash dividend of USD 0.05 per share to its shareholders for the fourth quarter of 2025, in total approximately USD 4 million. The proposal, including an interim balance sheet with balance date 30 November 2025, is subject to the approval by the company's general meeting. Ex-date: 10 March 2026, Record date: 11 March 2026, Distribution date: On or about 13 March 2026. Reported Earnings • Feb 14
Full year 2025 earnings released Full year 2025 results: Revenue: US$290.0m (up 33% from FY 2024). Net income: US$141.0m (up 26% from FY 2024). Profit margin: 49% (down from 51% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Energy Services industry in the United Kingdom. Board Change • Feb 06
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. 4 experienced directors. 1 highly experienced director. Independent Director Per Sortland 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. 공고 • Jan 10
Solstad Offshore ASA, Annual General Meeting, May 13, 2026 Solstad Offshore ASA, Annual General Meeting, May 13, 2026. Board Change • Dec 23
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. 4 experienced directors. 1 highly experienced director. Independent Director Per Sortland 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. Upcoming Dividend • Nov 18
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 25 November 2025. Payment date: 28 November 2025. The company last paid an ordinary dividend in February 2015. The average dividend yield among industry peers is 5.9%. New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. 공고 • Oct 30
Solstad Offshore ASA Proposes Cash Dividend Solstad Offshore ASA announced that proposal to distribute cash dividend of USD 0,05/share, totaling approximately USD 4 million, to be approved in an extraordinary general meeting. New Risk • Oct 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr51.40, the stock trades at a forward P/E ratio of 3x. Average trailing P/E is 12x in the Energy Services industry in Europe. Total returns to shareholders of 77% over the past three years. Reported Earnings • Jul 15
Second quarter 2025 earnings released: EPS: US$0.46 (vs US$0.015 in 2Q 2024) Second quarter 2025 results: EPS: US$0.46 (up from US$0.015 in 2Q 2024). Revenue: US$77.8m (up 11% from 2Q 2024). Net income: US$37.8m (up US$36.5m from 2Q 2024). Profit margin: 49% (up from 1.8% in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Jul 08
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. 4 experienced directors. 1 highly experienced director. Independent Director Per Sortland 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. Board Change • Jun 24
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. 4 experienced directors. 1 highly experienced director. Independent Director Per Sortland 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. Board Change • May 22
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. 4 experienced directors. 1 highly experienced director. Independent Director Per Sortland 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. New Risk • May 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Board Change • May 07
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. 4 experienced directors. 1 highly experienced director. Independent Director Per Sortland 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 • Apr 06
Full year 2024 earnings released: EPS: kr15.45 (vs kr3.64 in FY 2023) Full year 2024 results: EPS: kr15.45 (up from kr3.64 in FY 2023). Revenue: kr2.48b (down 63% from FY 2023). Net income: kr1.27b (up 346% from FY 2023). Profit margin: 51% (up from 4.2% in FY 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. New Risk • Feb 19
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. 공고 • Feb 13
Solstad Offshore ASA to Distribute Dividend for Fourth Quarter of 2024 Solstad Offshore ASA intends to distribute dividend for fourth quarter of 2024 of NOK 0.50 per share. 공고 • Dec 11
Solstad Offshore ASA, Annual General Meeting, May 15, 2025 Solstad Offshore ASA, Annual General Meeting, May 15, 2025. 공고 • Dec 10
Solstad Offshore ASA to Report Q4, 2024 Results on Feb 12, 2025 Solstad Offshore ASA announced that they will report Q4, 2024 results on Feb 12, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr766.0m (down 53% from 3Q 2023). Net income: kr173.0m (up 172% from 3Q 2023). Profit margin: 23% (up from 3.9% in 3Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Energy Services industry in the United Kingdom. Reported Earnings • Jul 17
Second quarter 2024 earnings released: kr0.005 loss per share (vs kr1.97 profit in 2Q 2023) Second quarter 2024 results: kr0.005 loss per share (down from kr1.97 profit in 2Q 2023). Revenue: kr746.3m (down 61% from 2Q 2023). Net loss: kr426.0k (down 100% from profit in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 198 percentage points per year, which is a significant difference in performance. 공고 • Jun 01
Solstad Offshore Asa Approves the Election of Members to the Nomination Committee On AGM held on May 30, 2024, the Solstad Offshore ASA approved the Election of Members to the Nomination Committee. Toril Eidesvik be replaced by Ingebret G. Hisdal in the Nomination Committee. All elected for a two-year period. 공고 • May 18
Kistefos AS and Kistefos Investment AS File Class Action Claim Against Solstad Offshore ASA's Board Members and CEO and Aker Capital AS Kistefos AS and Kistefos Investment AS have notified that Kistefos has filed a class action claim against Solstad Offshore ASA board members and CEO and the company Aker Capital AS before Ringerike, Asker and Bærum District Court in order to seek compensation for the alleged losses incurred by Kistefos as a result of the refinancing. Aker Capital AS maintains that any such claim is without merit. Reported Earnings • May 03
Full year 2023 earnings released: EPS: kr3.64 (vs kr5.81 loss in FY 2022) Full year 2023 results: EPS: kr3.64 (up from kr5.81 loss in FY 2022). Revenue: kr6.73b (up 47% from FY 2022). Net income: kr285.2m (up kr732.1m from FY 2022). Profit margin: 4.2% (up from net loss in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 206 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr43.87, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Energy Services industry in the United Kingdom. Total returns to shareholders of 524% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr38.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Energy Services industry in the United Kingdom. Total returns to shareholders of 27% over the past year. Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: kr4.66 (vs kr5.81 loss in FY 2022) Full year 2023 results: EPS: kr4.66 (up from kr5.81 loss in FY 2022). Revenue: kr6.92b (up 45% from FY 2022). Net income: kr364.8m (up kr811.7m from FY 2022). Profit margin: 5.3% (up from net loss in FY 2022). Revenue is expected to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Europe are expected to grow by 1.7%. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr31.67, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 7.2% over the past year. Reported Earnings • Dec 03
Third quarter 2023 earnings released: EPS: kr0.82 (vs kr3.08 loss in 3Q 2022) Third quarter 2023 results: EPS: kr0.82 (up from kr3.08 loss in 3Q 2022). Revenue: kr1.62b (up 17% from 3Q 2022). Net income: kr63.5m (up kr301.2m from 3Q 2022). Profit margin: 3.9% (up from net loss in 3Q 2022). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Energy Services industry in the United Kingdom are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has increased by 164% per year but the company’s share price has only increased by 110% per year, which means it is significantly lagging earnings growth. Board Change • Nov 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. 5 experienced directors. No highly experienced directors. Independent Director Per Sortland 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. New Risk • Oct 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). New Risk • Aug 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: kr3,251 (vs kr3.07 loss in 1Q 2022) First quarter 2023 results: EPS: kr3,251 (up from kr3.07 loss in 1Q 2022). Revenue: kr1.36b (up 9.5% from 1Q 2022). Net income: kr251.3m (up kr485.0m from 1Q 2022). Profit margin: 18% (up from net loss in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 8.3% growth forecast for the Energy Services industry in the United Kingdom. Reported Earnings • Feb 24
Full year 2022 earnings released Full year 2022 results: Revenue: kr6.49b (up 27% from FY 2021). Net loss: kr1.11b (flat on FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Energy Services industry in the United Kingdom. Reported Earnings • Nov 19
Third quarter 2022 earnings released: kr6.10 loss per share (vs kr1.96 loss in 3Q 2021) Third quarter 2022 results: kr6.10 loss per share (further deteriorated from kr1.96 loss in 3Q 2021). Revenue: kr1.86b (up 24% from 3Q 2021). Net loss: kr471.4m (loss widened 220% from 3Q 2021). 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. 6 non-independent directors. Director Thorhild Widvey 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 • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr1.75b (up 38% from 2Q 2021). Net loss: kr845.1m (loss widened 210% from 2Q 2021). Reported Earnings • Apr 27
Full year 2021 earnings released: kr14.68 loss per share (vs kr96.71 profit in FY 2020) Full year 2021 results: kr14.68 loss per share (down from kr96.71 profit in FY 2020). Revenue: kr5.13b (up 5.9% from FY 2020). Net loss: kr1.10b (down 115% from profit in FY 2020). 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. 6 non-independent directors. Director Thorhild Widvey 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 26
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: kr5.40b (up 12% from FY 2020). Net loss: kr1.10b (down 115% from profit in FY 2020). Revenue was in line with analyst estimates. Board Change • Jan 18
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. 6 non-independent directors. Director Thorhild Widvey 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. Board Change • Dec 30
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. 6 non-independent directors. Director Thorhild Widvey 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 • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: kr1.96 loss per share (up from kr3,942 loss in 3Q 2020). Revenue: kr1.50b (up 14% from 3Q 2020). Net loss: kr147.4m (loss narrowed 87% from 3Q 2020). Revenue was in line with analyst estimates. Board Change • Nov 11
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. 6 non-independent directors. Director Thorhild Widvey 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. Board Change • Oct 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. 6 non-independent directors. Director Thorhild Widvey 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 • Aug 25
Second quarter 2021 earnings released: kr3.60 loss per share (vs kr2,760 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: kr1.26b (down 5.0% from 2Q 2020). Net loss: kr272.5m (loss narrowed 66% from 2Q 2020). Reported Earnings • May 28
First quarter 2021 earnings released The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr1.34b (up 11% from 1Q 2020). Net loss: kr309.0m (loss narrowed 86% from 1Q 2020). 
