Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Apr 08
Front Ventures AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 25.140163 million. Front Ventures AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 25.140163 million.
Security Name: Class B Shares
Security Type: Common Stock
Securities Offered: 93,111,714
Price\Range: SEK 0.27
Transaction Features: Rights Offering New Risk • Oct 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 243% 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 (-kr5.2m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 70% per year over the past 5 years. Shareholders have been substantially diluted in the past year (243% increase in shares outstanding). Revenue is less than US$1m (kr2.6m revenue, or US$247k). Market cap is less than US$10m (kr22.5m market cap, or US$2.12m). Reported Earnings • Feb 26
Full year 2023 earnings released Full year 2023 results: Revenue: kr4.22m (up kr4.05m from FY 2022). Net loss: kr60.7m (loss widened kr51.2m from FY 2022). New Risk • Aug 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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 (-kr5.9m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Revenue is less than US$1m (kr2.0m revenue, or US$182k). Market cap is less than US$10m (kr23.0m market cap, or US$2.10m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Aug 15
First half 2023 earnings released: kr0.14 loss per share (vs kr0.034 profit in 1H 2022) First half 2023 results: kr0.14 loss per share (down from kr0.034 profit in 1H 2022). Net loss: kr5.66m (down kr7.00m from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings have declined by 0.3% 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 (-kr5.9m free cash flow). Earnings have declined by 0.3% per year over the past 5 years. Revenue is less than US$1m (kr2.0m revenue, or US$184k). Market cap is less than US$10m (kr25.8m market cap, or US$2.38m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Feb 26
Full year 2022 earnings released Full year 2022 results: Net loss: kr9.57m (down kr10.6m from profit in FY 2021). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 19% share price gain to kr1.11, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 17x in the Professional Services industry in Sweden. Total loss to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improved over the past week After last week's 21% share price gain to kr1.01, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 16x in the Professional Services industry in Sweden. Total loss to shareholders of 51% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 23
Full year 2021 earnings released Full year 2021 results: Revenue: kr1.46m (down 74% from FY 2020). Net income: kr1.02m (down 46% from FY 2020). Profit margin: 70% (up from 34% in FY 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 22% share price gain to kr2.67, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 26x in the Professional Services industry in Sweden. Total returns to shareholders of 22% over the past three years. 공시 • May 28
Front Ventures AB (publ) (NGM:FRNT B) acquired additional 3.2% stake in Intergiro Intl AB (publ) for SEK 28 million. Front Ventures AB (publ) (NGM:FRNT B) acquired additional 3.2% stake in Intergiro Intl AB (publ) for SEK 28 million on May 27, 2021. In the acquisition, Front Ventures AB (publ) (NGM:FRNT B) will acquire 2 million shares. After the acquisition, Front Ventures AB (publ) (NGM:FRNT B) holds 17.5% stake.
Front Ventures AB (publ) (NGM:FRNT B) completed the acquisition of additional 3.2% stake in Intergiro Intl AB (publ) on May 27, 2021. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to kr2.78, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 27x in the Professional Services industry in Sweden. Total loss to shareholders of 3.8% over the past three years. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS kr0.051 (vs kr0.086 in FY 2019) The company reported a decent full year result with improved revenues, although earnings and profit margins were weaker. Full year 2020 results: Revenue: kr5.53m (up kr5.06m from FY 2019). Net income: kr1.88m (down 32% from FY 2019). Profit margin: 34% (down from 593% in FY 2019). The decrease in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 42% share price gain to kr3.18, the stock trades at a trailing P/E ratio of 62.9x. Average trailing P/E is 31x in the Professional Services industry in Sweden. Total returns to shareholders of 27% over the past three years. 공시 • Feb 05
An unknown buyer acquired Blockchain Voucher Europe AB from Front Ventures AB (publ) (NGM:FRNT B) for SEK 12 million. An unknown buyer acquired Blockchain Voucher Europe AB from Front Ventures AB (publ) (NGM:FRNT B) for SEK 12 million on February 4, 2021.
An unknown buyer completed the acquisition of Blockchain Voucher Europe AB from Front Ventures AB (publ) (NGM:FRNT B) on February 4, 2021. Is New 90 Day High Low • Jan 27
New 90-day low: kr1.86 The company is down 10.0% from its price of kr2.05 on 29 October 2020. The Swedish market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 21% over the same period. 공시 • Dec 30
Front Ventures AB (publ) (NGM:FRNT B) acquired additional 2.32% stake in QuickBit eu AB (publ) (NGM:QBIT). Front Ventures AB (publ) (NGM:FRNT B) acquired additional 2.32% stake in QuickBit eu AB (publ) (NGM:QBIT) on December 29, 2020. The acquisition was partially financed through sale of 1,693,857 warrants at average price of SEK 3.25.
Front Ventures AB (publ) (NGM:FRNT B) completed the acquisition of additional 2.32% stake in QuickBit eu AB (publ) (NGM:QBIT) on December 29, 2020. 공시 • Dec 10
Johan Lund acquired 22.3% stake in Front Ventures AB (publ) for SEK 5.0 million. Johan Lund acquired 22.3% stake in Front Ventures AB (publ) for SEK 5.0 million on December 8, 2020. As per terms, Johan Lund acquired 2.48 million shares.
Johan Lund completed the acquisition of 22.3% stake in Front Ventures AB (publ) on December 8, 2020. 공시 • Dec 02
Intergiro Intl AB (publ) agreed to acquire Nordic Transaction Partner AB from Front Ventures AB (publ) (NGM:FRNT B) and others. Intergiro Intl AB (publ) agreed to acquire Nordic Transaction Partner AB from Front Ventures AB (publ) (NGM:FRNT B) and others on November 30, 2020. The transaction will be settled through newly issued shares and warrants. Nordic team and technology will be merged into Intergiro. The acquisition is expected to be closed during December 2020. Is New 90 Day High Low • Nov 25
New 90-day low: kr1.90 The company is down 8.0% from its price of kr2.06 on 27 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is down 6.0% over the same period. Is New 90 Day High Low • Sep 23
New 90-day high: kr2.44 The company is up 2.0% from its price of kr2.39 on 25 June 2020. The Swedish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 22% over the same period.