Aankondiging • May 14
Mavshack AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 7.999359 million. Mavshack AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 7.999359 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,599,871,800
Price\Range: SEK 0.005
Transaction Features: Rights Offering Aankondiging • Apr 24
Mavshack AB (publ), Annual General Meeting, Jun 29, 2026 Mavshack AB (publ), Annual General Meeting, Jun 29, 2026. Aankondiging • Sep 26
Mavshack AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 13.332265 million. Mavshack AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 13.332265 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 533,290,600
Price\Range: SEK 0.025
Transaction Features: Rights Offering Aankondiging • May 28
Mavshack AB (publ), Annual General Meeting, Jun 27, 2025 Mavshack AB (publ), Annual General Meeting, Jun 27, 2025, at 09:00 W. Europe Standard Time. Location: at humlegardsgatan 13 , 3rd floor, stockholm Sweden Aankondiging • Jan 15
BrandBee Holding AB (publ) (NGM:BRANDB) entered into an agreement to acquire Ådata infosystem AB and Itevo AB from Mavshack AB (publ) (OM:MAV) for SEK 9.3 million. BrandBee Holding AB (publ) (NGM:BRANDB) entered into an agreement to acquire Ådata infosystem AB and Itevo AB from Mavshack AB (publ) (OM:MAV) for SEK 9.3 million on January 14, 2025. The consideration consists of SEK 3 million in cash and issue of 9 million new shares of BrandBee Holding AB (publ) having a value of SEK 6.32 million. The cash portion is financed with a loan from a shareholder at market interest. For the period ending December 31, 2024, Ådata infosystem AB and Itevo AB reported total revenue of SEK 11 million.
The transaction is subject to approval by the board of directors of BrandBee Holding AB and Mavshack AB. New Risk • Oct 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 248% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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 (283% average daily change). Negative equity (-kr15m). Shareholders have been substantially diluted in the past year (248% increase in shares outstanding). Market cap is less than US$10m (€414.1k market cap, or US$448.2k). Minor Risk Revenue is less than US$5m (kr14m revenue, or US$1.3m). Reported Earnings • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr4.37m (up 1.3% from 3Q 2023). Net loss: kr2.39m (loss narrowed 36% from 3Q 2023). Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr3.20m (down 41% from 1Q 2023). Net loss: kr5.02m (loss narrowed 13% from 1Q 2023). New Risk • Mar 10
New major risk - Negative shareholders equity The company has negative equity. Total equity: -kr1.6m This is considered a major 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. 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 (-kr7.8m free cash flow). Share price has been highly volatile over the past 3 months (41% average weekly change). Negative equity (-kr1.6m). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Market cap is less than US$10m (€223.5k market cap, or US$244.4k). Minor Risk Revenue is less than US$5m (kr23m revenue, or US$2.3m). Reported Earnings • Feb 26
Full year 2023 earnings released: kr0.60 loss per share (vs kr3.44 loss in FY 2022) Full year 2023 results: kr0.60 loss per share (improved from kr3.44 loss in FY 2022). Revenue: kr23.3m (down 45% from FY 2022). Net loss: kr15.7m (loss narrowed 66% from FY 2022). Reported Earnings • Oct 22
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr4.39m (down 49% from 3Q 2022). Net loss: kr3.75m (loss narrowed 63% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr6.37m (down 46% from 2Q 2022). Net loss: kr4.61m (loss narrowed 54% from 2Q 2022). Board Change • May 19
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Member of Advisory Board Craig Moody is the most experienced director on the board, commencing their role in 2013. Independent Director Jonas Lofgren was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 22
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr8.71m (down 19% from 3Q 2021). Net loss: kr10.1m (loss widened 19% from 3Q 2021). Aankondiging • Oct 12
Mavshack AB (publ) (OM:MAV) acquired ÅData Infosystem Ab from SpectrumOne AB (publ) (OM:SPEONE) valued at approximately SEK 10 million. Mavshack AB (publ) (OM:MAV) acquired ÅData Infosystem Ab from SpectrumOne AB (publ) (OM:SPEONE) valued at approximately SEK 10 million on October 11, 2022. The consideration was on a cash-free and debt-free basis and assuming a normalized level of working capital. The purchase price will be settled in cash and a vendor loan with all the shares in Å-data as collateral. Ådata had a turnover of approximately SEK 7.7 million in 2021 and generated approximately SEK 2.2 million in profit before tax.
Mavshack AB (publ) (OM:MAV) completed the acquisition of ÅData Infosystem Ab from SpectrumOne AB (publ) (OM:SPEONE) on October 11, 2022. Reported Earnings • Aug 25
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr12.1m (down 35% from 2Q 2021). Net loss: kr10.0m (loss widened 10% from 2Q 2021). Aankondiging • Aug 24
Mavshack AB (publ) to Report Q1, 2023 Results on Apr 20, 2023 Mavshack AB (publ) announced that they will report Q1, 2023 results on Apr 20, 2023 Recent Insider Transactions • Apr 27
Insider recently sold €491k worth of stock On the 20th of April, Jonas Litborn sold around 27m shares on-market at roughly €0.018 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €321k more than they sold in the last 12 months. Recent Insider Transactions • Apr 24
Insider recently sold €491k worth of stock On the 20th of April, Jonas Litborn sold around 27m shares on-market at roughly €0.018 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €321k more than they sold in the last 12 months. Aankondiging • Apr 09
Mavshack AB (publ) announced that it expects to receive SEK 15 million in funding Mavshack AB (publ) announced a private placement of 150,000,000 common shares at a price of SEK 0.1 per share for gross proceeds of SEK 15,000,000 on April 7, 2022. The transaction will include participation from individual investor Gunnar Mannerheim. Aankondiging • Apr 07
Mavshack AB (publ), Annual General Meeting, Apr 25, 2022 Mavshack AB (publ), Annual General Meeting, Apr 25, 2022. Agenda: Extraordinary and Annual General Meeting. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.037 loss per share (up from kr0.099 loss in FY 2020). Revenue: kr63.9m (up 44% from FY 2020). Net loss: kr35.9m (loss narrowed 33% from FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Nov 01
Third quarter 2021 earnings released The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr10.1m (up 24% from 3Q 2020). Net loss: kr8.54m (loss narrowed 37% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 35% per year. Recent Insider Transactions • Sep 18
Founder & Chairman of the Board recently bought €105k worth of stock On the 17th of September, Jonas Litborn bought around 6m shares on-market at roughly €0.017 per share. This was the largest purchase by an insider in the last 3 months. Jonas has been a buyer over the last 12 months, purchasing a net total of €150k worth in shares. Reported Earnings • Sep 01
Second quarter 2021 earnings released The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: kr20.3b (up kr20.3b from 2Q 2020). Net loss: kr9.09b (loss widened kr9.08b from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 17
First quarter 2021 earnings released The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr18.1m (up 54% from 1Q 2020). Net loss: kr6.96m (loss widened 91% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Feb 28
Full year 2020 earnings released: kr0.093 loss per share (vs kr0.053 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: kr45.9m (up 73% from FY 2019). Net loss: kr53.1m (loss widened 141% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year and the company’s share price has also fallen by 19% per year. Aankondiging • Dec 30
Mavshack AB (publ), Annual General Meeting, May 21, 2021 Mavshack AB (publ), Annual General Meeting, May 21, 2021. Aankondiging • Sep 26
Mavshack AB (publ) (OM:MAV) agreed to acquire Zellma AB for SEK 8.8 million. Mavshack AB (publ) (OM:MAV) agreed to acquire Zellma AB for SEK 8.8 million on September 24, 2020. Completion is scheduled to take place on October 1, 2020. Aankondiging • Aug 30
Mavshack AB (publ) (OM:MAV) signed a letter of intent to acquire Nexar Entertainment Ltd, Nexar Productions SL, Nexar Music Ltd and Nexar Football AB from Nexar Group AB (publ) (NGM:NXAR) for SEK 8 million. Mavshack AB (publ) (OM:MAV) signed a letter of intent to acquire Nexar Entertainment Ltd, Nexar Productions SL, Nexar Music Ltd and Nexar Football AB from Nexar Group AB (publ) (NGM:NXAR) for SEK 8 million on August 28, 2020. The purchase price will be set off against shares in Mavshack AB. The transaction is expected to conclude no later than in October, 2020.