Reported Earnings • Nov 10
Third quarter 2024 earnings released: kr0.013 loss per share (vs kr0.12 loss in 3Q 2023) Third quarter 2024 results: kr0.013 loss per share (improved from kr0.12 loss in 3Q 2023). Revenue: kr22.3m (up 6.1% from 3Q 2023). Net loss: kr5.73m (loss narrowed 31% from 3Q 2023). Reported Earnings • Aug 23
Second quarter 2024 earnings released: kr0.023 loss per share (vs kr0.13 loss in 2Q 2023) Second quarter 2024 results: kr0.023 loss per share. Revenue: kr24.6m (down 17% from 2Q 2023). Net loss: kr9.88m (loss widened 9.9% from 2Q 2023). Reported Earnings • May 12
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr30.7m (down 20% from 1Q 2023). Net loss: kr8.41m (loss widened 43% from 1Q 2023). Reported Earnings • Feb 25
Full year 2023 earnings released Full year 2023 results: Revenue: kr124.8m (up 1.7% from FY 2022). Net loss: kr38.0m (loss widened 4.8% from FY 2022). Reported Earnings • Aug 23
Second quarter 2023 earnings released: kr0.13 loss per share (vs kr0.29 loss in 2Q 2022) Second quarter 2023 results: kr0.13 loss per share. Revenue: kr30.9m (up 9.0% from 2Q 2022). Net loss: kr8.99m (loss widened 20% from 2Q 2022). Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Stefan Wilhelmson is the most experienced director on the board, commencing their role in 2017. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 공고 • Oct 21
Secits Appoints Paul Trygger as CEO Secits announced that Paul Trygger has been appointed as its new CEO. In recent years, he has had his own consulting business and assignments for the Secits Group. Previously he worked at Swedish white goods company Electrolux and its spin-off Lux Svenska. Reported Earnings • Aug 21
Second quarter 2022 earnings released: kr0.29 loss per share (vs kr0.34 loss in 2Q 2021) Second quarter 2022 results: kr0.29 loss per share. Revenue: kr30.4m (up 416% from 2Q 2021). Net loss: kr7.49m (loss widened 40% from 2Q 2021). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Stefan Wilhelmson was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 28
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: kr1.01 loss per share (down from kr0.87 loss in FY 2020). Revenue: kr75.2m (up 155% from FY 2020). Net loss: kr24.3m (loss widened 113% from FY 2020). Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 69%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 공고 • Feb 13
SECITS Holding AB (publ) (OM:SECI) acquired Security Operations Centre of Westra Security Group Ab from Westra Security Group Ab for SEK 40 million. SECITS Holding AB (publ) (OM:SECI) acquired Security Operations Centre of Westra Security Group Ab from Westra Security Group Ab for SEK 40 million on February 11, 2022. Anders Elgemyr of Carlsquare acted as the exclusive financial advisor on the sell side, primarily to Turebergs Invest and founder Lars-Olov Viltestam, and also provided external financing to the buyer in the form of convertible loans.
SECITS Holding AB (publ) (OM:SECI) completed the acquisition of Security Operations Centre of Westra Security Group Ab from Westra Security Group Ab on February 11, 2022. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues miss analyst expectations Third quarter 2021 results: Revenue: kr29.9m (up 381% from 3Q 2020). Net loss: kr6.50m (loss widened 98% from 3Q 2020). Revenue missed analyst estimates by 18%. Reported Earnings • Aug 29
Second quarter 2021 earnings released The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: kr5.89m (up 21% from 2Q 2020). Net loss: kr5.34m (loss widened 18% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 25
First quarter 2021 earnings released The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: kr7.26m (down 14% from 1Q 2020). Net loss: kr4.49m (loss widened 82% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 26
Full year 2020 earnings released: kr0.87 loss per share (vs kr0.81 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr29.5m (down 38% from FY 2019). Net loss: kr11.4m (loss widened 38% from FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 09
New 90-day low: kr4.26 The company is down 8.0% from its price of kr4.62 on 09 December 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 7.0% over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: kr0.87 loss per share (vs kr0.81 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr31.5m (down 34% from FY 2019). Net loss: kr11.4m (loss widened 38% from FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. 공고 • Jan 24
SECITS Holding AB (publ) (OM:SECI) signed a letter of intent to acquire unknown majority stake in Bevakningsgruppen Sverige AB for SEK 74.2 million. SECITS Holding AB (publ) (OM:SECI) signed a letter of intent to acquire unknown majority stake in Bevakningsgruppen Sverige AB for SEK 74.2 million on January 22, 2021. Under the terms of transaction, Secits will issue 14.8 million shares to Bevakningsgruppen Sverige. Is New 90 Day High Low • Jan 11
New 90-day high: kr5.38 The company is up 2.0% from its price of kr5.30 on 13 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 4.0% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: kr0.22 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: kr6.22m (down 23% from 3Q 2019). Net loss: kr3.28m (loss widened 7.2% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 06
New 90-day low: kr4.40 The company is down 27% from its price of kr6.02 on 07 August 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: kr4.98 The company is down 22% from its price of kr6.40 on 21 July 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 11% over the same period.