Aankondiging • Jun 11
INVISIO AB Introduces Enhanced Drone Awareness Capability In INVISIO T30 Headset INVISIO AB announced a new capability in its INVISIO T30 headset that enhances the ability for users on the ground to identify drones earlier, without requiring any extra equipment. It allows personnel to keep their hands and eyes free to take counter measures, potentially saving lives and reducing injuries. INVISIO Drone Aware™ provides an additional mode to the INVISIO T30 headset that enhances the user’s ability to hear the acoustic sound emitted by multi-rotor drones. This allows earlier awareness compared to listening with the ‘naked ear’. INVISIO Drone Aware™ is expected to be released in Third Quarter 2026. The INVISIO Drone Aware™ mode adds to the capabilities of the T30, which offers unlimited versatility in the field with zero compromise to sound quality, hearing protection and situational awareness. The T30 headset delivers hearing protection of 31 dB SNR /33 dB NRSA20, combining passive hearing protection with active noise reduction (ANR), all while maintaining full situational awareness. The headset connects to INVISIO control units as well as the specially designed INVISIO P30, a versatile Push-to-Talk (PTT). T30 also offers versatile power modes, operating as a standalone headset through AA batteries as well as being powered directly from radios and through control units including the V50 Gen II, V60 Gen II and P30. The headset can also be connected to digital devices such as smartphones and laptops. INVISIO Drone Aware™ integrates directly into the headset, eliminating the need for extra equipment, allowing users to keep their hands and eyes free for effective counteraction. By simply adding a new situational awareness mode to a system the operator already knows, no extra training is required. As a passive system, it also ensures no RF emission. INVISIO Drone Aware’s effectiveness in enhancing hearing and potential awareness of drones makes it potentially life-saving for users in Special Operations and other dismounted military. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hannu Saastamoinen was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 01
Invisio AB (publ), Annual General Meeting, May 06, 2026 Invisio AB (publ), Annual General Meeting, May 06, 2026, at 16:00 W. Europe Standard Time. Location: iva konferenscenter, grev turegatan 16, stockholm, Sweden Aankondiging • Feb 14
Invisio AB (publ) announces Annual dividend, payable on May 13, 2026 Invisio AB (publ) announced Annual dividend of SEK 3.0000 per share payable on May 13, 2026, ex-date on May 07, 2026 and record date on May 08, 2026. Aankondiging • Sep 04
Invisio Announces Launch of New T30 Headset INVISIO is announcing a brand-new headset offering unlimited versatility in the field, with zero compromise to sound quality, hearing protection and situational awareness. The new headset is suited for both dismounted and mounted operations. This means customers and end-users can now rely on one headset to serve their needs across a range of environments from training to missions, dismounted and mounted. The versatility of the T30 is a development in tactical communications, as it removes the necessity for different headsets for different situations and reduces the need for additional equipment, training and costs. T30 leverages INVISIO's expertise in this field, delivering market-leading hearing protection of 30 dB SNR /33 dB NRSA20 combining passive hearing protection with active noise reduction. The T30 also provides headset embedded INVISIO audio, delivering unrivalled sound quality and Automatic RX Volume Adjustment, adjusting radio volume in line with surrounding noise, along with VOX Capability enabling voice activated transmission. Along with uncompromised audio quality, it delivers versatile connectivity to personnel in the field, connecting with INVISIO control units as well as the specially designed and ultra-light Push-to-Talk P30. The P30 adds flexibility for the wearer, as it can be mounted in a left, right and center orientation. Additionally, two P30s can be connected simultaneously, providing the user with a very flexible dual-radio setup. The headset can also be connected directly to digital devices such as smartphones and laptops, offering rich audio sound and power from these devices. The T30 offers the capability of connecting external microphones through its U-173 plug, allowing easy integration with equipment such as gas masks. Automatic smart detection ensures the external microphone gets priority over the boom microphone. The Redundancy Tx feature will allow voice pick-up from the hear-through microphones in case the boom arm is lost or defective. Versatile power modes mean the T30 can operate as a stand-alone headset, powered by a single AA battery (up to 110 hours battery life), or draw power from a connected device. The headset transitions between power modes without operational disruptions. Users can easily swap between wearing styles in two minutes, without using tools, providing added versatility. On top of this, the headset is water and humidity repellent, submersible down to two meters for two hours. The INVISIO T30 in highlights: Market-leading hearing protection of 30dB SNR /33 dBNRSA20. 360-degree situational awareness with sound localization down to 9 degrees. Headset-embedded INVISIO Audio, adaptive volume control and VOX capability. Multiple powering modes- through control units, digital devices, radios and AA batteries. Right and left boom microphone configuration. 2 meters for 2 hours submersibility. The product is expected to be available for shipment within the coming 6 months, subject to regions and variants. The T30 will be presented at DSEI September 9-12 in London, booth number S13-510. Aankondiging • May 07
Invisio AB (publ) Approves Dividend for 2024, Payable Around 13 May 2025 Invisio AB (publ) at its Annual General Meeting held on 6 May 2025, approved dividend of SEK 2.30 per share for 2024. As record date the AGM approved 8 May 2025. The dividend is estimated to be paid to the shareholders around 13 May 2025. Aankondiging • May 06
Invisio AB (publ) to Report Fiscal Year 2025 Results on Feb 12, 2026 Invisio AB (publ) announced that they will report fiscal year 2025 results on Feb 12, 2026 Aankondiging • Apr 01
Invisio AB (publ), Annual General Meeting, May 06, 2025 Invisio AB (publ), Annual General Meeting, May 06, 2025, at 16:00 W. Europe Standard Time. Location: at iva konferenscenter, grev turegatan 16, stockholm Sweden Aankondiging • Feb 06
Invisio AB (publ) to Report Fiscal Year 2024 Results on Feb 13, 2025 Invisio AB (publ) announced that they will report fiscal year 2024 results at 2:00 PM, Central European Standard Time on Feb 13, 2025 Recent Insider Transactions • Nov 15
Chief Financial Officer recently sold €501k worth of stock On the 12th of November, Thomas Larsson sold around 19k shares on-market at roughly €25.81 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. This was Thomas' only on-market trade for the last 12 months. Buy Or Sell Opportunity • Nov 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €23.95. The fair value is estimated to be €19.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 79%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. Recent Insider Transactions • Oct 30
President & CEO recently sold €1.2m worth of stock On the 24th of October, Lars Hansen sold around 50k shares on-market at roughly €23.22 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: kr0.85 (vs kr0.88 in 3Q 2023) Third quarter 2024 results: EPS: kr0.85 (down from kr0.88 in 3Q 2023). Revenue: kr351.7m (up 13% from 3Q 2023). Net income: kr38.9m (down 3.2% from 3Q 2023). Profit margin: 11% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 31
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.2% to €21.05. The fair value is estimated to be €17.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 66% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €21.00, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 21x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.77 per share. New Risk • Jul 23
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 German stocks, typically moving 6.8% 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 Risk High level of non-cash earnings (39% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: kr1.62 (vs kr0.60 in 2Q 2023) Second quarter 2024 results: EPS: kr1.62 (up from kr0.60 in 2Q 2023). Revenue: kr552.7m (up 105% from 2Q 2023). Net income: kr73.9m (up 171% from 2Q 2023). Profit margin: 13% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 18
Invisio AB (publ) Announces Seamless Wireless Comms Capability to Their Intercom System Invisio AB (publ) announced plans to add wireless comms capability to its intercom system, providing unlimited mobility in the field whilst maintaining unrivalled situational awareness. The wireless capability, INVISIO Link™, is expected to be released first half of 2025, and augments the INVISIO Intercom system by bridging the gap between dismounted and mounted users through seamless wireless communications. It follows the recent release of the INVISIO Control™ app, which provides the ability to tailor and adjust the intercom system pre-mission or on the go. The solution adds a dongle to the existing INVISIO body worn kit along with a base station to the INVISIO Intercom System. Both products are lightweight and small, ensuring portability, ease of use and installation. INVISIO Link™ offers the following key attributes: Tailored connectivity: INVISIO Link™ means users are wirelessly connected to tailored user and group communication. Unlimited mobility: No tangled cords give users free mobility in platforms and their proximity. Seamless comms: INVISIO Link™ provides seamless transitions between mounted and dismounted scenarios as well as wired and wireless. It also allows auto-connect for easy use in the field. Uncompromised wireless quality: INVISIO Link™ provides uncompromised speech intelligibility along with strong connectivity, also in challenging environments. Secure & lightweight: The new wireless solution is unparalleled in size and weight, with a body-worn INVISIO Link™ dongle weighing just 70g. AES 256 encryption ensures the system remains secure, and detectability can be adjusted thanks to adjustable transmitting power. Mount anywhere: INVISIO Link™ can be installed anywhere, either as a fixed installation, on molle webbing or in a bag. Weighing just 270g and measuring 78 x 100 x 30mm, the INVISIO Link™ station has a small footprint that ensures ease of use, with the option for an external antenna for specially challenging RF installations. Recent Insider Transactions • May 10
Senior Vice President of Operations recently sold €234k worth of stock On the 7th of May, Joakim Birgersson sold around 12k shares on-market at roughly €19.51 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Joakim has been a net seller over the last 12 months, reducing personal holdings by €153k. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: kr0.79 (vs kr1.33 in 1Q 2023) First quarter 2024 results: EPS: kr0.79 (down from kr1.33 in 1Q 2023). Revenue: kr308.2m (down 1.0% from 1Q 2023). Net income: kr35.9m (down 40% from 1Q 2023). Profit margin: 12% (down from 19% in 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 12
Full year 2023 earnings released: EPS: kr3.91 (vs kr0.99 in FY 2022) Full year 2023 results: EPS: kr3.91 (up from kr0.99 in FY 2022). Revenue: kr1.24b (up 60% from FY 2022). Net income: kr178.4m (up 301% from FY 2022). Profit margin: 14% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 26
Dividend of kr1.30 announced Shareholders will receive a dividend of kr1.30. Ex-date: 8th May 2024 Payment date: 15th May 2024 Dividend yield will be 6.6%, which is higher than the industry average of 1.4%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 39%. Recent Insider Transactions • Feb 19
Insider recently sold €187k worth of stock On the 13th of February, Carsten Aagesen sold around 10k shares on-market at roughly €18.74 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: kr3.93 (vs kr0.99 in FY 2022) Full year 2023 results: EPS: kr3.93 (up from kr0.99 in FY 2022). Revenue: kr1.24b (up 60% from FY 2022). Net income: kr178.4m (up 301% from FY 2022). Profit margin: 14% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Jan 23
Invisio Unveils the X7 Headset - Redefining the Usability of Tactical In-Ear Headsets INVISIO announced its new generation of tactical in-ear headsets - the new AI-enhanced X7. Offering a whole new level of comfort, ease of use and hearing protection as well as unparalleled natural situational awareness, the X7 promises to set a new industry benchmark for in-ear headsets in the most demanding environments. The X7 has been developed using extensive feedback from in-field user experiences to create a range of new features, including an ergonomic design perfected to fit the ear, soft materials to ensure comfort for prolonged usage, and the introduction of headset sleeves to protect from wear and tear and provide a more secure and comfortable fit. With a headset weight of just 47 grams, the X7 minimizes the wearer's load, delivering a compact and lightweight design that ensures minimal interference with eyewear or headgear, without compromising hearing protection, and simultaneously facilitating superior situational awareness. Its careful design not only provides improved comfort and ease of use, but also addresses common headset issues such as excessive heat, sweating, discomfort and interference. The X7 has an integrated Voice Pick-up Sensor (VPU) which picks up vibrations from the inner ear and transforms them into speech without the need for a specific in-ear contact point. Its hear-through microphones are positioned within the external contours of the outer ear, utilizing the outer ear capability of detecting the origin of sounds and providing full 360-degree situational awareness. The newest addition to the INVISIO range offers a solution for all users regardless of ear size and shape thanks to a choice of three different headset sleeves with ergonomically-shaped INVISIO EarWings(TM) as well as a choice of different ear tips including either foam tips, tri-flanged tips or the INVISIO CustomFit(TM) - custom-molded ear tips providing the ultimate personalization. Connected to an INVISIO control unit, the X7 uses AI-powered audio enhancements to provide unparalleled communication and speech quality excluding unwanted noise, with different hear-through modes and digital signaling processing supporting automatic adjustment of received audio volume. It provides certified, market leading and level-dependent hearing protection without compromising situational awareness, and can be combined with the INVISIO T7 over-the-ear headset to provide dual hearing protection for extremely noisy environments. Like other in-ear headsets, the X7 is headwear-agnostic and will work with almost all tactical helmets, providing unrivaled flexibility and mission versatility, as well as working with gas masks and other respiratory systems without impeding communications. The small, unobtrusive design minimizes visibility, giving a tactical advantage in civilian scenarios and missions where other headsets can appear bulky and conspicuous, adding to the variety of use cases in which it can be deployed. Submersible to 2 meters for 2 hours and MIL-STD-810H compliant, it is the headset of choice for users operating in the most challenging of environments. The X7 takes the flexibility and ruggedness of previous in-ear headsets, along with innovative vibration technology and hear-through modes to offer clear communications that are vital in tactical environments along with hearing protection, flexibility and comfort. The latest developments mean this X7 in-ear headset sets a new professional standard, providing an invaluable asset for modern warfighters and a tactical edge for the most challenging tasks in the toughest environments. The INVISIO X7 offers: Ergonomic design, soft materials and a choice of headset sleeves with ergonomically shaped INVISIO EarWings. A choice of different ear tips including either foam tips, tri-flanged tips or the INVISIO CustomFit(TM)- custom molds of the inner ear. Integrated Voice Pick-up Sensor (VPU), which transforms vibrations from the inner ear into speech without the need for a specific in-ear contact point. Unparallelled 360-degree auditory situational awareness utilizing the contours of the outer ear for the most natural experience. Rugged - submersible to 2 meters for 2 hours and MIL-SPEC compliant. INVISIO Audio(TM): AI and digital signal processing to filter out noise and increase speech intelligibility. Market-leading hearing protection of 36 dB SNR /32 dB NRR and option of double hearing protection with hear-through. Mission adaptive: Volume from received audio is automatically adjusted to surrounding sound level. The X7 is announced on January 23rd in connection with SHOT Show 2024 in Las Vegas. Buy Or Sell Opportunity • Jan 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.0% to €16.40. The fair value is estimated to be €13.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: kr0.88 (vs kr0.30 in 3Q 2022) Third quarter 2023 results: EPS: kr0.88 (up from kr0.30 in 3Q 2022). Revenue: kr311.6m (up 60% from 3Q 2022). Net income: kr40.2m (up 198% from 3Q 2022). Profit margin: 13% (up from 6.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Aerospace & Defense industry in Germany. 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 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: kr0.60 (vs kr0.16 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.60 (up from kr0.16 loss in 2Q 2022). Revenue: kr269.8m (up 76% from 2Q 2022). Net income: kr27.3m (up kr34.6m from 2Q 2022). Profit margin: 10% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: kr0.60 (vs kr0.16 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.60 (up from kr0.16 loss in 2Q 2022). Revenue: kr269.8m (up 76% from 2Q 2022). Net income: kr27.3m (up kr34.6m from 2Q 2022). Profit margin: 10% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 01
Insider recently sold €385k worth of stock On the 30th of May, Carsten Aagesen sold around 20k shares on-market at roughly €19.20 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €678k. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Recent Insider Transactions • May 17
President & CEO recently sold €678k worth of stock On the 11th of May, Lars Hansen sold around 35k shares on-market at roughly €19.37 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Lars has been a net seller over the last 12 months, reducing personal holdings by €1.0m. Aankondiging • May 08
INVISIO Unveils New Ultimate Warfighter Hub and PTT INVISIO announced its latest development in mission critical communications - the INVISIO V60 Gen II ADP -an advanced PTT and warfighter hub that bridges audio, data, and power. It provides more functionality and flexibility whilst integrating systems and data to reduce the number of devices carried by dismounted soldiers. The V60 II ADP builds on previous iterations of INVISIO's V-Series, adding the capability to enable audio cuesfrom EUD (End User Device) to headset, as well as distributing power to EUDs or other devices. This reducescables, devices, and complexity. The new addition to the INVISIO family has the same capabilities as the INVISIO V-Series Gen II which deliversmarket-leading double hearing protection of 42dB SNR /34dB NNR with hear-through capability, as well asautomatic adjustment of volume from received audio to surrounding sound levels. It also uses AI and digitalsignal processing to filter out noise and increase speech intelligibility by 30 per cent, key factors inincreasing situational awareness and reducing fatigue. The system is MIL SPEC compliant and proven to withstand extreme environments, from high altitudes and lowtemperatures to extreme heat, as well as being fully submersible to 20m for two hours. In the latest ground-breaking development by INVISIO, the V60 II ADP has the capability to bridge audio and data,allowing audio cues to be delivered to a headset from an EUD, creating an even more agile communicationssolution in the field. Like its predecessors, the system is modular, giving flexibility to the user on theground and the ability to cater for varying requirements based on situation and power needs, all while adding aunique interface between data and audio. Aankondiging • May 06
Invisio AB (Publ) Elects Nicklas Hansen as Board Member Invisio AB (publ) announced at annual general meeting held on May 4, 2023, the shareholders elected Nicklas Hansen as new board member. Upcoming Dividend • Apr 28
Upcoming dividend of kr0.70 per share at 0.3% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.4%). Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: kr0.99 (vs kr0.33 in FY 2021) Full year 2022 results: EPS: kr0.99 (up from kr0.33 in FY 2021). Revenue: kr775.5m (up 31% from FY 2021). Net income: kr44.5m (up 207% from FY 2021). Profit margin: 5.7% (up from 2.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 03
Senior Vice President of R&D recently sold €415k worth of stock On the 1st of March, Jan Larsen sold around 21k shares on-market at roughly €20.07 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €420k more than they bought in the last 12 months. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: kr0.99 (vs kr0.33 in FY 2021) Full year 2022 results: EPS: kr0.99 (up from kr0.33 in FY 2021). Revenue: kr775.5m (up 31% from FY 2021). Net income: kr44.5m (up 207% from FY 2021). Profit margin: 5.7% (up from 2.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 14
Invisio AB (publ) Proposes Dividend The Board of Directors of Invisio AB (publ) proposes a dividend of SEK 0.70 per share (0.70). Aankondiging • Feb 07
Invisio AB (publ) to Report Fiscal Year 2022 Results on Feb 13, 2023 Invisio AB (publ) announced that they will report fiscal year 2022 results at 2:00 PM, Romance Standard Time on Feb 13, 2023 Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: kr0.30 (vs kr0.063 loss in 3Q 2021) Third quarter 2022 results: EPS: kr0.30 (up from kr0.063 loss in 3Q 2021). Revenue: kr195.1m (up 37% from 3Q 2021). Net income: kr13.5m (up kr16.3m from 3Q 2021). Profit margin: 6.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 22
INVISIO AB (Publ) Announces That Board Member Lage Jonason Will Leave the Board At His Own Request with Immediate Effect INVISIO AB (publ) announced that board member Lage Jonason will leave the Board at his own request with immediate effect. Personal reasons lie behind the decision. In accordance with INVISIO's Articles of Association, the Board of Directors must consist of a minimum of three and a maximum of eight members. After Lage Jonason's departure, the Board will consist of five members and thus meet the requirements. Buying Opportunity • Sep 17
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 2.6%. The fair value is estimated to be €17.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Aug 06
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €18.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 23
Second quarter 2022 earnings released: kr0.16 loss per share (vs kr0.21 profit in 2Q 2021) Second quarter 2022 results: kr0.16 loss per share (down from kr0.21 profit in 2Q 2021). Revenue: kr153.7m (flat on 2Q 2021). Net loss: kr7.30m (down 178% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 38%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Aankondiging • Jul 23
Invisio AB (publ) Provides Sales Guidance for the Second Half of 2022 Invisio AB (publ) provided sales guidance for the second half of 2022. The company estimates that sales will be higher in the second half of year 2022. Aankondiging • May 18
Racal Acoustics and Invisio AB (publ) Launch the RA5100 Tactical Communication Headset Racal Acoustics and INVISIO launched their first joint product solution for the military - the RA5100 Tactical Communication Headset - which combines the technical expertise and operational knowledge of both companies to give users the optimal hearing protection and communication solution for hybrid missions, protecting troops from the most extreme continuous and impulse noise exposure, whether in a vehicle or on foot. With over 100 years of military hearing protection expertise, Racal Acoustics has designed market leading hearing protection solutions, using its core digital technology and advanced noise reduction technologies to provide the ultimate headset flexibility, allowing users to select the best protection level appropriate to the mission. The new RA5100 offers: Digital Active Noise Reduction ANR mode (SNR 30dB) - to maximize noise attenuation from constant high-level noise i.e. when operating in or around vehicles. Situational awareness and hear-through mode, including adjustable volume control for extra enhanced hearing in quiet environments, with digital noise compression providing protection from high impulse noises. Dual hearing protection mode (SNR 41dB) - for extreme noise environments. As with all INVISIO and Racal Acoustic products, the headset has been designed with the user as the priority and so it is lightweight, comfortable, waterproof (to 1m) and has a left or right microphone mount. The RA5100 is fully military specification compliant, qualified to MIL-STD-810G and MIL-STD-461F, designed to withstand extreme shock and vibrations and harsh electromagnetic environments. The new RA5100 has a host of advanced features to ensure mission success, ease of use and reduced life cycle costs. The headset is designed for easy integration with industry leading in-service radios, digital devices such as laptops, smart phones and tablets, and is fully interoperable with the INVISIO product range, and has additional PTT and cable options. The headset can be powered from the attached communications device or used stand-alone powered from one internal AA battery. The advanced digital software optimizes hearing protection to suit the mission, ensures outstanding voice recognition and speech intelligibility and can be upgraded to adapt to changing vehicle noise profiles. Software upgrades also allow new features to be added, increasing service life and lowering whole-life costs. Reported Earnings • May 05
First quarter 2022 earnings released: kr0.097 loss per share (vs kr0.15 profit in 1Q 2021) First quarter 2022 results: kr0.097 loss per share (down from kr0.15 profit in 1Q 2021). Revenue: kr137.4m (down 4.4% from 1Q 2021). Net loss: kr4.30m (down 164% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 39%, compared to a 30% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 28
Upcoming dividend of kr0.70 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 11 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (1.3%). Reported Earnings • Apr 14
Full year 2021 earnings released: EPS: kr0.33 (vs kr1.39 in FY 2020) Full year 2021 results: EPS: kr0.33 (down from kr1.39 in FY 2020). Revenue: kr593.0m (up 12% from FY 2020). Net income: kr14.5m (down 76% from FY 2020). Profit margin: 2.4% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Recent Insider Transactions • Feb 20
Chief Financial Officer recently bought €57k worth of stock On the 18th of February, Thomas Larsson bought around 5k shares on-market at roughly €11.33 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Thomas has been a net seller over the last 12 months, reducing personal holdings by €318k. Aankondiging • Feb 15
Invisio AB (Publ) Proposes Dividend Invisio AB (publ) announced that Board of Directors proposes a dividend of SEK 0.70 per share (0.70). Reported Earnings • Feb 15
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr0.33 (down from kr1.39 in FY 2020). Revenue: kr593.0m (up 12% from FY 2020). Net income: kr14.5m (down 76% from FY 2020). Profit margin: 2.4% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 26%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Buying Opportunity • Jan 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be kr16.23, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% per annum over the last 3 years. Earnings per share has grown by 4.4% per annum over the last 3 years. Reported Earnings • Oct 29
Third quarter 2021 earnings released: kr0.063 loss per share (vs kr0.14 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr142.7m (up 20% from 3Q 2020). Net loss: kr2.80m (down 145% from profit in 3Q 2020). Recent Insider Transactions • Aug 01
Insider recently sold €127k worth of stock On the 28th of July, Sigge Frolov sold around 7k shares on-market at roughly €18.10 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS kr0.21 (vs kr0.41 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: kr154.3m (up 25% from 2Q 2020). Net income: kr9.40m (down 48% from 2Q 2020). Profit margin: 6.1% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS kr0.21 (vs kr0.41 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: kr154.3m (up 25% from 2Q 2020). Net income: kr9.40m (down 48% from 2Q 2020). Profit margin: 6.1% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Aankondiging • May 20
Invisio AB (publ) Unveils the Future of Mission Critical Communications INVISIO announces a new platform and generation of tactical communication control units - the INVISIO V-Series Gen II. Combined with INVISIO headsets, the platform sets a new standard for audio performance and hearing protection within the defense and public safety markets for years to come. INVISIO has a long track record of providing solutions to the most demanding elite units in the world. The recipe for this is developing cutting-edge technologies and building on the experience of the users in field. Fueled by a range of new innovations and designed for defense and public safety professionals on critical missions, the INVISIO V-Series Gen II sets the bar for market-leading audio performance and hearing protection. The new capabilities include audio that automatically adapts to the surrounding noise levels, digital signal processing techniques to filter out all unwanted noise, and increased speech intelligibility. The removal of any constant radio noise when audio transmission is idle, and the smooth transition from noisy to quieter environments is also part of the new offering. Apart from improving communication and safety, all these new capabilities help to eliminate fatigue caused by noise. Limitless configurations, making Gen II suitable for all scenarios, and VOX functionality and voice prompts for intuitive operations.
A combination of the INVISIO X5 in-the-ear headset, the INVISIO T7 over-the-ear headset and the V60 Gen II control unit constitutes the market leading double hearing protection solution for extremely noisy environments. Apart from the capabilities available now, it is the long-term prospects and opportunities that excite: "This is not just incremental improvements of an existing product range. This is a new platform for tactical communication systems and a paradigm shift from hardware to software", INVISIO's SVP of R&D Jan Larsen explains. Reported Earnings • May 01
First quarter 2021 earnings released: EPS kr0.15 (vs kr0.21 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: kr143.7m (up 23% from 1Q 2020). Net income: kr6.70m (down 29% from 1Q 2020). Profit margin: 4.7% (down from 8.0% in 1Q 2020). The decrease in margin was driven by higher expenses. Aankondiging • Apr 29
INVISIO Communications AB (publ) Approves Dividend, Payable Around 5 May 2021 INVISIO Communications AB announced that at its AGM held on 28 April 2021, shareholders approved the proposed shareholder dividend of SEK 0.70 per share. As record date the AGM approved 30 April 2021. The dividend is estimated to be paid to the shareholders around 5 May 2021. Upcoming Dividend • Apr 22
Upcoming dividend of kr0.70 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 05 May 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.6%). Reported Earnings • Apr 08
Full year 2020 earnings released: EPS kr1.39 (vs kr2.30 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: kr532.0m (up 3.5% from FY 2019). Net income: kr61.2m (down 40% from FY 2019). Profit margin: 12% (down from 20% in FY 2019). Recent Insider Transactions • Mar 23
Chief Financial Officer recently sold €268k worth of stock On the 19th of March, Thomas Larsson sold around 12k shares on-market at roughly €21.54 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.0m. Thomas has been a seller over the last 12 months, reducing personal holdings by €374k. Is New 90 Day High Low • Mar 08
New 90-day low: €19.40 The company is down 2.0% from its price of €19.76 on 08 December 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Aerospace & Defense industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.18 per share. Recent Insider Transactions • Mar 03
President & CEO recently sold €1.6m worth of stock On the 25th of February, Lars Hansen sold around 75k shares on-market at roughly €21.00 per share. In the last 3 months, they made an even bigger sale worth €2.0m. Lars has been a seller over the last 12 months, reducing personal holdings by €3.6m. Recent Insider Transactions • Feb 19
President & CEO recently sold €2.0m worth of stock On the 16th of February, Lars Hansen sold around 100k shares on-market at roughly €20.05 per share. This was the largest sale by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months. Aankondiging • Feb 18
INVISIO AB (publ.) to Report Nine Months, 2021 Results on Oct 28, 2021 INVISIO AB (publ.) announced that they will report nine months, 2021 results on Oct 28, 2021 Reported Earnings • Feb 17
Full year 2020 earnings released: EPS kr1.39 (vs kr2.30 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: kr532.0m (up 3.5% from FY 2019). Net income: kr61.2m (down 40% from FY 2019). Profit margin: 12% (down from 20% in FY 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Feb 17
Revenue misses expectations Revenue missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 34%, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Aankondiging • Jan 31
Invisio AB (Publ) Appoints James Ewing to the Member of Executive Group Management INVISIO's acquisition of Racal Acoustics is now completed. James Ewing, Managing Director Racal Acoustics, is now a member of INVISIO's Executive Group Management. James has many years' international experience from the defense and aviation industries as well as the electronics sector. He has held several executive positions in Esterline Advanced Sensors, within engineering, program
management, IT and business development. James reports to INVISIO's President an CEO. Aankondiging • Jan 21
Elite Unit Within the US Department of Defense Chooses Invisio AB (publ) and Places A First Order A new customer, a special forces unit within the US Department of Defense, has chosen INVISIO to provide a suite of hearing enhancement devices that will enable users to communicate in critical situations while at the same time protecting their hearing. The order value is below SEK 20 million but is of strategic importance, as it will be an important reference when approaching other elite units worldwide. Deliveries will take place in the first half of 2021. Recent Insider Transactions • Jan 19
Insider recently bought €39k worth of stock On the 12th of January, Sigge Frolov bought around 2k shares on-market at roughly €20.31 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €4.5m more in shares than they bought in the last 12 months. Aankondiging • Jan 12
INVISIO Was Selects for the US Marine Corps Hearing Enhancement Program and Receives A First Order of SEK 43 Million INVISIO was selected for the US Marine Corps Hearing Enhancement Program and received a first order of SEK 43 million. The order consisted mainly of INVISIO's advanced hearing protection systems with communication and was delivered in 2019. The US Marine Corps has now revisited its needs. INVISIO does not therefore expect any major orders from the US Marine Corps in the near future. Is New 90 Day High Low • Dec 23
New 90-day high: €23.40 The company is up 46% from its price of €16.08 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.99 per share. Aankondiging • Dec 12
Invisio AB (publ) to Report Nine Months, 2021 Results on Oct 28, 2021 Invisio AB (publ) announced that they will report nine months, 2021 results on Oct 28, 2021 Is New 90 Day High Low • Dec 08
New 90-day high: €20.50 The company is up 38% from its price of €14.86 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.16 per share. 