공시 • Apr 29
Ngenic AB (publ) to Report Q1, 2025 Results on May 28, 2025 Ngenic AB (publ) announced that they will report Q1, 2025 results on May 28, 2025 Reported Earnings • Mar 06
Full year 2024 earnings released: kr4.36 loss per share (vs kr2.94 loss in FY 2023) Full year 2024 results: kr4.36 loss per share (further deteriorated from kr2.94 loss in FY 2023). Revenue: kr30.5m (down 62% from FY 2023). Net loss: kr29.8m (loss widened 48% from FY 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electronic industry in Sweden. 공시 • Jan 30
Ngenic AB (publ) to Report Fiscal Year 2024 Results on Feb 28, 2025 Ngenic AB (publ) announced that they will report fiscal year 2024 results on Feb 28, 2025 Reported Earnings • Dec 01
Third quarter 2024 earnings released: kr0.53 loss per share (vs kr0.65 loss in 3Q 2023) Third quarter 2024 results: kr0.53 loss per share (improved from kr0.65 loss in 3Q 2023). Revenue: kr4.06m (down 81% from 3Q 2023). Net loss: kr3.64m (loss narrowed 18% from 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 30
Price target decreased by 28% to kr18.00 Down from kr25.00, the current price target is provided by 1 analyst. New target price is 650% above last closing price of kr2.40. Stock is down 83% over the past year. The company posted a net loss per share of kr2.94 last year. New Risk • Sep 01
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -kr3.4m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. 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 (-kr7.6m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (kr24.6m market cap, or US$2.39m). Minor Risk Negative equity (-kr3.4m). Reported Earnings • Sep 01
Second quarter 2024 earnings released: kr1.59 loss per share (vs kr1.00 loss in 2Q 2023) Second quarter 2024 results: kr1.59 loss per share (further deteriorated from kr1.00 loss in 2Q 2023). Revenue: kr7.91m (down 50% from 2Q 2023). Net loss: kr10.9m (loss widened 59% from 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: kr1.50 loss per share (vs kr0.46 loss in 1Q 2023) First quarter 2024 results: kr1.50 loss per share (further deteriorated from kr0.46 loss in 1Q 2023). Revenue: kr9.35m (down 45% from 1Q 2023). Net loss: kr10.3m (loss widened 229% from 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. 공시 • May 31
Ngenic AB (publ), Annual General Meeting, Jun 28, 2024 Ngenic AB (publ), Annual General Meeting, Jun 28, 2024, at 10:00 W. Europe Standard Time. Location: in advokatfirman lindahl`s premises, vaksalagatan 10, uppsala Sweden Reported Earnings • Mar 03
Full year 2023 earnings released: kr2.94 loss per share (vs kr3.80 loss in FY 2022) Full year 2023 results: kr2.94 loss per share (improved from kr3.80 loss in FY 2022). Revenue: kr82.6m (up 142% from FY 2022). Net loss: kr20.1m (loss narrowed 23% from FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Sweden. New Risk • Mar 02
New major risk - Revenue and earnings growth Earnings have declined by 23% 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 (-kr27m free cash flow). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (kr66.8m market cap, or US$6.47m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Dec 05
New major risk - Revenue and earnings growth Earnings have declined by 23% 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 (-kr27m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (kr87.9m market cap, or US$8.37m). Reported Earnings • Dec 03
Third quarter 2023 earnings released: kr0.65 loss per share (vs kr0.39 loss in 3Q 2022) Third quarter 2023 results: kr0.65 loss per share (further deteriorated from kr0.39 loss in 3Q 2022). Revenue: kr22.5m (up 171% from 3Q 2022). Net loss: kr4.43m (loss widened 82% from 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electronic industry in Sweden. New Risk • Oct 31
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 12% 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 (-kr35m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (kr82.4m market cap, or US$7.38m). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr9.5m net loss next year). Revenue is less than US$5m (kr52m revenue, or US$4.6m). Reported Earnings • Aug 31
Second quarter 2023 earnings released: kr1.00 loss per share (vs kr1.54 loss in 2Q 2022) Second quarter 2023 results: kr1.00 loss per share (improved from kr1.54 loss in 2Q 2022). Revenue: kr16.2m (up 121% from 2Q 2022). Net loss: kr6.85m (loss narrowed 4.6% from 2Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Electronic industry in Sweden. New Risk • Aug 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr109.1m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-kr24m free cash flow). Market cap is less than US$10m (kr109.1m market cap, or US$9.97m). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr7.0m net loss next year). Revenue is less than US$5m (kr43m revenue, or US$4.0m). Breakeven Date Change • Jun 05
Forecast to breakeven in 2024 The analyst covering Ngenic expects the company to break even for the first time. New forecast suggests losses will reduce by 62% to 2023. The company is expected to make a profit of kr2.00m in 2024. Average annual earnings growth of 121% is required to achieve expected profit on schedule. Reported Earnings • Feb 19
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: kr3.80 loss per share. Revenue: kr36.0m (up 45% from FY 2021). Net loss: kr26.0m (loss widened 32% from FY 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Electronic industry in Sweden. Major Estimate Revision • Dec 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr37.0m to kr27.0m. EPS estimate unchanged from -kr3.30 per share at last update. Electronic industry in Sweden expected to see average net income growth of 50% next year. Consensus price target up from kr23.00 to kr26.00. Share price was steady at kr30.40 over the past week. Reported Earnings • Nov 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr8.53m (up 68% from 3Q 2021). Net loss: kr2.43m (loss narrowed 50% from 3Q 2021). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic industry in Sweden. 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. Board Member Melinda Elmborg 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. 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. Board Member Melinda Elmborg 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.