Aankondiging • Nov 18
Smart Wires Technology Ltd. Suspends Revenue Guidance Smart Wires Technology Ltd. announced on October 10, 2022 that it suspended its revenue guidance as it continues to work through supply chain challenges. Aankondiging • Nov 17
Smart Wires Technology Intends to Apply for Delisting of Swedish Depositary Receipts from Nasdaq First North Growth Market Smart Wires Technology Ltd. announced a financing of USD 5 million and its intention to apply for delisting of its Swedish Depositary Receipts from Nasdaq First North Growth Market. Smart Wires Technology expects to formally apply for delisting of Swedish Depositary Receipts from Nasdaq First North Growth Market not earlier than three months from today. Aankondiging • Oct 11
Smart Wires Technology Ltd Suspends Revenue Guidance for the Year 2022 Smart Wires Technology Ltd. suspended revenue guidance for the year 2022. The Company is suspending its revenue guidance as it continues to work through supply chain challenges. Specifically, production delays of printed circuit board assemblies have resulted in a shift in the delivery schedule of committed customer orders. October 10, 2022Smart Wires Technology Ltd. and its operating subsidiary, Smart Wires Inc. (collectively, the Company) has engaged two advisors to explore strategic alternatives for the Company, including without limitation additional financing to address its liquidity, a business combination, and a sale of the Company. Breakeven Date Change • Aug 17
Forecast to breakeven in 2024 The 2 analysts covering Smart Wires Technology expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 3.4% per year to 2023. The company is expected to make a profit of US$7.00m in 2024. Average annual earnings growth of 36% is required to achieve expected profit on schedule. Aankondiging • Aug 13
Smart Wires Technology Ltd. Announces Guidance for 2022 Smart Wires Technology Ltd. announced guidance for 2022. As announced on July 21, company have issued full year guidance as follows: company reiterated order guidance of $100 million to $120 million, led by the momentum in core market. The company revised revenue guidance of $55 million to $60 million for the year, driven by the global supply chain disruption. Reported Earnings • Aug 12
Second quarter 2022 earnings released: US$0.18 loss per share (vs US$0.16 loss in 2Q 2021) Second quarter 2022 results: US$0.18 loss per share (down from US$0.16 loss in 2Q 2021). Revenue: US$8.20m (down 20% from 2Q 2021). Net loss: US$17.6m (loss widened 3.5% from 2Q 2021). Over the next year, revenue is forecast to grow 152%, compared to a 14% growth forecast for the industry in Germany. Aankondiging • Aug 05
Smart Wires Technology Ltd. to Report Q2, 2022 Results on Aug 11, 2022 Smart Wires Technology Ltd. announced that they will report Q2, 2022 results at 7:30 AM, Central European Standard Time on Aug 11, 2022 Aankondiging • Jul 22
Smart Wires Technology Revises Revenue Guidance for the Full Year of 2022 Smart Wires Technology Ltd. announced a new outlook regarding full year 2022 revenue in the range of $55 Million - $60 Million, previously stated as $65 Million to $70 Million. The company also suspended the previously stated outlook regarding full-year 2022 gross margins rising to 12% to 14%. Breakeven Date Change • Jun 08
No longer forecast to breakeven The 2 analysts covering Smart Wires Technology no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$20.0m in 2024. New consensus forecast suggests the company will make a loss of US$8.12m in 2024. Reported Earnings • May 13
First quarter 2022 earnings released: US$0.21 loss per share (vs US$3.77 loss in 1Q 2021) First quarter 2022 results: US$0.21 loss per share. Revenue: US$2.70m (down 78% from 1Q 2021). Net loss: US$20.7m (loss widened 28% from 1Q 2021). Over the next year, revenue is forecast to grow 105%, compared to a 11% growth forecast for the industry in Germany. Aankondiging • Apr 22
Smart Wires Appoints Hêdd Roberts as General Manager, European Region Smart Wires announced that it has appointed Hêdd Roberts as General Manager for the European region, effective 19 April 2022. Hêdd joins from National Grid, where he was on the electricity transmission executive team in the UK and most recently Director of Regulation. Hêdd brings with him a vast amount of industry experience, having worked in various leadership, commercial and engineering roles with NGET over the past two decades, covering charging and access development, investment management and customer and commercial services. Aankondiging • Feb 09
Amprion and Smart Wires Successfully Tested Modular Power Flow Control Technology Amprion and Smart Wires have successfully completed a pilot test on the use of innovative technology for optimisation of grid loading. As a result of the one-and-a-half-year cooperation, Amprion has found that there are no technical reservations regarding the use of SmartValve™ technology in the German power grid. In August 2020 the transmission system operator Amprion and the company Smart Wires signed a cooperation agreement. The aim was to thoroughly investigate the technology that has not yet been used in Germany. Amprion has carried out extensive studies and technical analyses of Smart Wires' modular static synchronous series compensator. The SmartValve is intended to distribute power flows more evenly across circuits, and herewith increase utilisation of lines and contribute to system stability. The SmartValve can optimally utilise the capacity of the lines through targeted load flow changes. The transmission grid can be controlled in a better way and minimise the expensive use of power plants in congestion management. SmartValves are individual modules that can be expanded into larger deployments, depending on the system needs. The technology is easy to transport, thus can be used in more flexible way at different locations. The new technology can thus complement conventional large and phase-shifting transformers (PST) and introduces new use cases and applications. Amprion has carried out extensive studies and technical analyses of Smart Wires' modular static synchronous series compensator (m-SSSC). The SmartValve is intended to distribute power flows more evenly across circuits, and herewith increase utilisation of lines and contribute to system stability. The SmartValve can optimally utilise the capacity of the lines through targeted load flow changes (increase or decreasing power flows on a circuit). The transmission grid can be controlled in a better way and minimise the expensive use of power plants in congestion management. SmartValves are individual modules that can be expanded into larger deployments, depending on the system needs. The technology is easy to transport, thus can be used in more flexible way at different locations. The new technology can thus complement conventional large and phase-shifting transformers and introduces new use cases and applications.Amprion has carried out extensive studies and technical analyses of Smart Wires' modular static synchronous series compensator (m-SSSC). The SmartValve is intended to distribute power flows more evenly across circuits, and herewith increase utilisation of lines and contribute to system stability.The SmartValve can optimally utilise the capacity of the lines through targeted load flow changes (increase or decreasing power flows on a circuit). The transmission grid can be controlled in a better way and minimise the expensive use of power plants in congestion management. SmartValves are individual modules that can be expanded into larger deployments, depending on the system needs. The technology is easy to transport, thus can be used in more flexible way at different locations. The new technology can thus complement conventional large and phase-shifting transformers (PST) and introduces new use cases and applications.The climate targets of the EU and of the German government are accelerating the transformation of the power grid in Europe. In addition to the necessary grid expansion, more innovative technologies are being used for more efficient capacity utilisation. The German grid development plan also opens application of such technology in addition to new expansion project. Reported Earnings • Nov 21
Third quarter 2021 earnings released: US$0.14 loss per share The company reported a soft third quarter result with weaker control over costs, although losses were stable and revenues were flat. Third quarter 2021 results: Revenue: US$5.86m (flat on 3Q 2020). Net loss: US$15.5m (flat on 3Q 2020). Breakeven Date Change • Nov 17
Forecast to breakeven in 2023 The analyst covering Smart Wires Technology expects the company to break even for the first time. New forecast suggests the company will make a profit of US$20.8m in 2023. Average annual earnings growth of 91% is required to achieve expected profit on schedule. Breakeven Date Change • Sep 23
Forecast to breakeven in 2023 The analyst covering Smart Wires Technology expects the company to break even for the first time. New forecast suggests the company will make a profit of US$20.8m in 2023. Average annual earnings growth of 91% is required to achieve expected profit on schedule. Executive Departure • Jul 27
Chief Financial Officer Evan Geisert has left the company On the 23rd of July, Evan Geisert's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Evan's name. Evan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. 