Reported Earnings • May 23
First quarter 2025 earnings released: kr0.26 loss per share (vs kr0.18 loss in 1Q 2024) First quarter 2025 results: kr0.26 loss per share (further deteriorated from kr0.18 loss in 1Q 2024). Revenue: kr2.44m (down 66% from 1Q 2024). Net loss: kr7.14m (loss widened 43% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. 공시 • May 12
TH1NG AB (publ), Annual General Meeting, Jun 11, 2025 TH1NG AB (publ), Annual General Meeting, Jun 11, 2025, at 13:30 W. Europe Standard Time. Location: at the companys premises, at drottninggatan 67, stockholm Sweden Reported Earnings • Mar 27
Full year 2024 earnings released: kr0.44 loss per share (vs kr0.97 loss in FY 2023) Full year 2024 results: kr0.44 loss per share (improved from kr0.97 loss in FY 2023). Revenue: kr31.8m (up 17% from FY 2023). Net loss: kr11.8m (loss narrowed 39% from FY 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Board Change • Feb 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vanessa Eriksson was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jan 31
Th1ng Announces Resignation of Tomas Karlsson as Acting CEO Th1ng announced acting CEO Tomas Karlsson has now resigned on the grounds of ill health, after it recently said he had gone on leave after a sudden admission to hospital. New Risk • Jan 29
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 (-kr17m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 3.9% per year over the past 5 years. Market cap is less than US$10m (kr14.5m market cap, or US$1.31m). Minor Risk Revenue is less than US$5m (kr26m revenue, or US$2.3m). Reported Earnings • Nov 29
Third quarter 2024 earnings released: kr0.18 loss per share (vs kr0.15 loss in 3Q 2023) Third quarter 2024 results: kr0.18 loss per share (further deteriorated from kr0.15 loss in 3Q 2023). Revenue: kr3.60m (down 40% from 3Q 2023). Net loss: kr4.91m (loss widened 23% from 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Sweden. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. New Risk • Nov 03
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 11% 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 (-kr13m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 8.3% per year over the past 5 years. Market cap is less than US$10m (kr23.4m market cap, or US$2.17m). Minor Risk Revenue is less than US$5m (kr28m revenue, or US$2.6m). Price Target Changed • Sep 04
Price target decreased by 24% to kr2.20 Down from kr2.90, the current price target is provided by 1 analyst. New target price is 116% above last closing price of kr1.02. Stock is down 16% over the past year. The company posted a net loss per share of kr0.97 last year. New Risk • Aug 29
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 9.0% 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 (-kr17m free cash flow). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (kr26.5m market cap, or US$2.59m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Revenue is less than US$5m (kr29m revenue, or US$2.8m). Board Change • Jun 13
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Chairman Daniel Kallenfors is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • May 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr17m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-kr17m free cash flow). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (kr31.3m market cap, or US$2.93m). Minor Risks Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Revenue is less than US$5m (kr29m revenue, or US$2.7m). Reported Earnings • May 20
First quarter 2024 earnings released: kr0.20 loss per share (vs kr0.25 loss in 1Q 2023) First quarter 2024 results: kr0.20 loss per share. Revenue: kr7.36m (up 30% from 1Q 2023). Net loss: kr4.99m (loss widened 3.7% from 1Q 2023). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Sweden. Reported Earnings • Feb 20
Full year 2023 earnings released: kr0.97 loss per share (vs kr1.27 loss in FY 2022) Full year 2023 results: kr0.97 loss per share. Revenue: kr27.7m (up 40% from FY 2022). Net loss: kr19.4m (loss widened 18% from FY 2022). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Telecom industry in Sweden. Reported Earnings • Nov 19
Third quarter 2023 earnings released: kr0.15 loss per share (vs kr0.38 loss in 3Q 2022) Third quarter 2023 results: kr0.15 loss per share (improved from kr0.38 loss in 3Q 2022). Revenue: kr6.19m (up 32% from 3Q 2022). Net loss: kr4.00m (loss narrowed 18% from 3Q 2022). Revenue is forecast to grow 123% p.a. on average during the next 2 years, while revenues in the Telecom industry in Sweden are expected to remain flat. New Risk • Nov 17
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 16% 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 (-kr19m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (108% increase in shares outstanding). Market cap is less than US$10m (kr47.3m market cap, or US$4.48m). Minor Risk Revenue is less than US$5m (kr23m revenue, or US$2.2m). Price Target Changed • Aug 30
Price target increased by 7.9% to kr4.10 Up from kr3.80, the current price target is provided by 1 analyst. New target price is 223% above last closing price of kr1.27. Stock is down 59% over the past year. The company posted a net loss per share of kr1.27 last year. Reported Earnings • Aug 28
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr6.49m (up 46% from 2Q 2022). Net loss: kr5.02m (loss widened 15% from 2Q 2022). Revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Sweden. Reported Earnings • May 21
First quarter 2023 earnings released: kr0.25 loss per share (vs kr0.80 profit in 1Q 2022) First quarter 2023 results: kr0.25 loss per share (down from kr0.80 profit in 1Q 2022). Revenue: kr5.86m (up 25% from 1Q 2022). Net loss: kr4.81m (down 145% from profit in 1Q 2022). Revenue is forecast to grow 60% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Sweden. Reported Earnings • Mar 08
Full year 2022 earnings released: kr1.27 loss per share (vs kr3.66 loss in FY 2021) Full year 2022 results: kr1.27 loss per share (improved from kr3.66 loss in FY 2021). Revenue: kr40.8m (down 42% from FY 2021). Net loss: kr16.5m (loss narrowed 48% from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Sweden. Reported Earnings • Nov 23
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr4.69m (down 77% from 3Q 2021). Net loss: kr4.89m (loss narrowed 42% from 3Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Sweden. Board Change • May 31
Insufficient new 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. Independent Director Lars Osterberg was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 16
Full year 2021 earnings released Full year 2021 results: kr3.66 loss per share. Revenue: kr69.9m (up 97% from FY 2020). Net loss: kr32.0m (loss widened 260% from FY 2020). Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr2.46 loss per share. Revenue: kr70.2m (up 98% from FY 2020). Net loss: kr32.0m (loss widened 260% from FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Nov 23
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: kr0.97 loss per share. Revenue: kr20.3m (flat on 3Q 2020). Net loss: kr8.50m (flat on 3Q 2020). Revenue was in line with analyst estimates.