공시 • Jun 01
Delisting of AS "HansaMatrix” Shares from the Baltic Main List Nasdaq Riga decided on May 31, 2023 to approve the application of AS HansaMatrix and to delist its shares (ISIN LV0000101590, Ticker HMX1R) from the Baltic Main List. The last listing day of AS "HansaMatrix” is set to June 1, 2023. Decision was made taking into account the application received on May 15, 2023 from AS “HansaMatrix” and its shareholder SIA “Emsco” to delist shares from the Main List after the final takeover bid. SIA “Emsco” launched the final takeover bid, which according to prospectus closed on May 26, 2023. On May 30, 2023 SIA “Emsco” informed Exchange that it solely owns 100% or 1,836,381 AS “HansaMatrix” shares. 공시 • May 14
AS HansaMatrix Elects new Council Members AS HansaMatrix at its Extraordinary General Meeting of Shareholders held on May 12, 2023, elected new Council members Sandijs Abolins-Abols and Juris Parups. Sandijs Abolins - Abols is an investment professional with more than 20 years of experience and currently serves as a partner at BaltCap. He has managed investments in several companies such as Uprent, Runway, Depo DIY, Paprfabrika Lgatne and VLT. Sandijs holds an MBA degree from the Weatherhead School of Management. Juris Parups is an investment professional and currently serves as an investment director at BaltCap. Previously he held management roles at Eleving group and spent several years as a management consultant at the London office of The Boston Consulting Group, where he focused on strategy, organizational change, and effectiveness projects. Juris holds MBA from IMD Business School and a B.Sc. from the Stockholm School of Economics in Riga. Reported Earnings • May 12
First quarter 2023 earnings released: €0.53 loss per share (vs €0.025 loss in 1Q 2022) First quarter 2023 results: €0.53 loss per share (further deteriorated from €0.025 loss in 1Q 2022). Revenue: €9.64m (up 60% from 1Q 2022). Net loss: €975.0k (loss widened €929.1k from 1Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 16
Full year 2022 earnings released: €1.21 loss per share (vs €1.07 loss in FY 2021) Full year 2022 results: €1.21 loss per share (further deteriorated from €1.07 loss in FY 2021). Revenue: €28.0m (up 27% from FY 2021). Net loss: €2.21m (loss widened 13% from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Dec 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €27.7m to €28.7m. Now expected to report loss of -€0.80 instead of €0.18 per share profit. Electronic industry in Europe expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at €12.40. Share price was steady at €7.00 over the past week. Reported Earnings • Nov 20
Third quarter 2022 earnings released: €0.31 loss per share (vs €0.16 profit in 3Q 2021) Third quarter 2022 results: €0.31 loss per share (down from €0.16 profit in 3Q 2021). Revenue: €7.59m (up 44% from 3Q 2021). Net loss: €561.5k (down 290% from profit in 3Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 16
Price target decreased to €12.29 Down from €13.40, the current price target is an average from 2 analysts. New target price is 87% above last closing price of €6.56. Stock is down 27% over the past year. The company is forecast to post earnings per share of €0.18 next year compared to a net loss per share of €1.07 last year. Reported Earnings • Aug 15
Second quarter 2022 earnings released: €0.37 loss per share (vs €0.18 loss in 2Q 2021) Second quarter 2022 results: €0.37 loss per share (down from €0.18 loss in 2Q 2021). Revenue: €6.55m (up 8.5% from 2Q 2021). Net loss: €685.6k (loss widened 110% from 2Q 2021). Over the next year, revenue is forecast to grow 37%, compared to a 14% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Price Target Changed • Jun 18
Price target decreased to €12.29 Down from €13.40, the current price target is an average from 2 analysts. New target price is 83% above last closing price of €6.72. Stock is down 44% over the past year. The company is forecast to post earnings per share of €0.18 next year compared to a net loss per share of €1.07 last year. Reported Earnings • Feb 17
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: €0.28 loss per share (up from €0.30 loss in FY 2020). Revenue: €22.0m (down 2.8% from FY 2020). Net loss: €502.4k (loss narrowed 8.7% from FY 2020). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 25%. Over the next year, revenue is forecast to grow 28%, compared to a 15% growth forecast for the industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS €0.16 (vs €0.18 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: €5.25m (down 20% from 3Q 2020). Net income: €295.1k (down 10% from 3Q 2020). Profit margin: 5.6% (up from 5.0% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2021 earnings released: €0.18 loss per share (vs €0.21 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €6.04m (up 14% from 2Q 2020). Net loss: €326.6k (loss narrowed 14% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 05
Independent Chairman of the Supervisory Board Andris Berzinš has left the company On the 26th of May, Andris Berzinš's tenure as Independent Chairman of the Supervisory Board ended after 3.3 years in the role. We don't have any record of a personal shareholding under Andris' name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Upcoming Dividend • Jun 02
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 11 June 2021. Trailing yield: 0.2%. Lower than top quartile of Latvian dividend payers (2.4%). Lower than average of industry peers (1.3%). Price Target Changed • May 28
Price target increased to €13.00 Up from €9.63, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €12.60. Stock is up 110% over the past year. Is New 90 Day High Low • Mar 03
New 90-day high: €9.25 The company is up 20% from its price of €7.70 on 03 December 2020. The Latvian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.72 per share. Analyst Estimate Surprise Post Earnings • Feb 22
Revenue misses expectations Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 33%, compared to a 11% growth forecast for the Electronic industry in Europe. Reported Earnings • Feb 21
Full year 2020 earnings released: €0.26 loss per share (vs €0.12 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €22.7m (down 7.9% from FY 2019). Net loss: €468.0k (down 318% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 12
New 90-day high: €9.20 The company is up 20% from its price of €7.65 on 14 October 2020. The Latvian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.81 per share. Price Target Changed • Dec 18
Price target raised to €9.63 Up from €8.70, the current price target is provided by 1 analyst. The new target price is 25% above the current share price of €7.70. As of last close, the stock is up 29% over the past year. Is New 90 Day High Low • Dec 09
New 90-day high: €7.75 The company is up 11% from its price of €7.00 on 10 September 2020. The Latvian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period. Reported Earnings • Nov 25
Third quarter 2020 earnings released: EPS €0.18 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €6.55m (up 7.1% from 3Q 2019). Net income: €329.2k (up €357.6k from 3Q 2019). Profit margin: 5.0% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 102% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.