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. 2 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Director Jon Fredrik Stenseth was the last director to join the board, commencing their role in 2021. 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 • Mar 26
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr3.44m (up 6.0% from 3Q 2023). Net loss: kr350.0k (loss narrowed 78% from 3Q 2023). Reported Earnings • Dec 22
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr3.49m (down 14% from 2Q 2023). Net loss: kr144.0k (loss narrowed 89% from 2Q 2023). New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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 (-kr1.1m free cash flow). Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (kr2.11m market cap, or US$193.1k). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (kr14m revenue, or US$1.3m). Reported Earnings • Sep 24
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr3.49m (down 29% from 1Q 2023). Net income: kr21.0k (up kr1.47m from 1Q 2023). Profit margin: 0.6% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Reported Earnings • Mar 25
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr3.29m (down 49% from 3Q 2022). Net loss: kr1.55m (loss narrowed 56% from 3Q 2022). Reported Earnings • Dec 20
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr3.0 (down 100% from 2Q 2022). Net income: kr0 (up kr2.35m from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. 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. 5 non-independent directors. Director Maria Grimaldi was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 24
First quarter 2023 earnings released: kr0.62 loss per share (vs kr0.18 loss in 1Q 2022) First quarter 2023 results: kr0.62 loss per share (further deteriorated from kr0.18 loss in 1Q 2022). Revenue: kr4.93m (down 33% from 1Q 2022). Net loss: kr1.45m (loss widened 235% from 1Q 2022). 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 Maria Grimaldi was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 03
Key Executive recently bought kr130k worth of stock On the 28th of July, Håkan Rönnberg bought around 7k shares on-market at roughly kr19.97 per share. This was the largest purchase by an insider in the last 3 months. Håkan has been a buyer over the last 12 months, purchasing a net total of kr140k worth in shares. Recent Insider Transactions • Jul 01
Director recently bought kr57k worth of stock On the 28th of June, Thomas Lindgren bought around 3k shares on-market at roughly kr20.31 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr67k more in shares than they have sold in the last 12 months.