New Risk • Jun 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor 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 (-kr28m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Market cap is less than US$10m (€9.13m market cap, or US$9.81m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Jun 04
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: -kr28m 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 (-kr28m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Market cap is less than US$10m (€6.92m market cap, or US$7.52m). Reported Earnings • Jun 04
First quarter 2024 earnings released: kr0.13 loss per share (vs kr2.13 loss in 1Q 2023) First quarter 2024 results: kr0.13 loss per share (improved from kr2.13 loss in 1Q 2023). Revenue: kr14.1m (up 11% from 1Q 2023). Net loss: kr7.17m (loss narrowed 27% from 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in Germany. Aankondiging • May 17
Hoylu AB (publ), Annual General Meeting, Jun 28, 2024 Hoylu AB (publ), Annual General Meeting, Jun 28, 2024. Aankondiging • Feb 03
Hoylu AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 14.000001 million. Hoylu AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 14.000001 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 7,954,546
Price\Range: SEK 1.76
Transaction Features: Subsequent Direct Listing Aankondiging • Feb 01
Hoylu AB (publ) to Report Q4, 2024 Results on Feb 14, 2025 Hoylu AB (publ) announced that they will report Q4, 2024 results on Feb 14, 2025 Aankondiging • Nov 24
Hoylu AB (Publ) Announces CFO Changes Hoylu AB (publ) announced the appointment of Kjartan Berge Steinshamn as its new Chief Financial Officer (CFO), effective December 13, 2023. Kjartan Berge Steinshamn succeeds Karl Wiersholm, the company's CFO since 2016. Kjartan Berge Steinshamn brings a unique blend of expertise, having held positions in Corporate Finance at Bulk Infrastructure Group AS and, most recently, Investment Associate at Viking Venture AS. This diverse background equips him with deep insights into financial strategy and investment in the tech sector, particularly in the rapidly growing Nordic SaaS market. Kjartan Berge Steinshamn’s appointment marks a strategic step for Hoylu as it continues to expand its services and solidify its position in the global SaaS landscape. Kjartan Berge Steinshamn holds a Master of Science in Industrial Economics and Technology Management from Norges teknisk-naturvitenskapelige universitet (NTNU). Kjartan Berge Steinshamn will oversee the company’s financial operations, including accounting, investor relations, and strategic financial planning. Karl Wiersholm has been instrumental in Hoylu’s growth and success over the past seven years. Under his stewardship, the company has achieved significant financial milestones and strengthened its position in the SaaS industry. Hoylu extends its deepest gratitude to Karl Wiersholm for his dedication and contributions and wishes him the best in his future endeavors. Reported Earnings • Nov 19
Third quarter 2023 earnings released: kr0.15 loss per share (vs kr2.06 loss in 3Q 2022) Third quarter 2023 results: kr0.15 loss per share (improved from kr2.06 loss in 3Q 2022). Revenue: kr15.1m (up 23% from 3Q 2022). Net loss: kr7.65m (loss narrowed 19% from 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Aankondiging • Nov 17
Hoylu AB (publ) to Report Q3, 2024 Results on Nov 15, 2024 Hoylu AB (publ) announced that they will report Q3, 2024 results on Nov 15, 2024 New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 (-kr26m free cash flow). Share price has been highly volatile over the past 3 months (64% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risks Revenue is less than US$5m (kr52m revenue, or US$4.8m). Market cap is less than US$100m (€9.55m market cap, or US$10.4m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: kr0.017 loss per share (vs kr1.97 loss in 2Q 2022) Second quarter 2023 results: kr0.017 loss per share (improved from kr1.97 loss in 2Q 2022). Revenue: kr14.2m (up 8.4% from 2Q 2022). Net loss: kr6.72m (loss narrowed 26% from 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Software industry in Germany. New Risk • Jul 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 9x increase in shares outstanding. 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 (-kr36m free cash flow). Share price has been highly volatile over the past 3 months (77% average weekly change). Negative equity (-kr25m). Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr29m net loss next year). Revenue is less than US$5m (kr51m revenue, or US$4.9m). Market cap is less than US$100m (€10.6m market cap, or US$11.8m). Aankondiging • May 25
Hoylu AB (publ), Annual General Meeting, Jun 26, 2023 Hoylu AB (publ), Annual General Meeting, Jun 26, 2023, at 10:00 Central European Standard Time. Location: Sveavägen 20, Stokholm Sweden Agenda: To consider opening of the annual general meeting; to consider appointment of a chairperson of the general meeting; to consider preparation and approval of the voting register; to consider appointment of one or two persons to verify the minutes of the meeting; to consider determination of whether the annual general meeting has been duly convened; to consider approval of the agenda; to consider presentation of the annual accounts and the auditor’s report as well as the consolidated annual accounts and the auditor's report on the consolidated annual accounts; and to consider other matters. Reported Earnings • Apr 18
First quarter 2023 earnings released: kr0.11 loss per share (vs kr0.19 loss in 1Q 2022) First quarter 2023 results: kr0.11 loss per share (improved from kr0.19 loss in 1Q 2022). Revenue: kr12.7m (up 39% from 1Q 2022). Net loss: kr9.79m (loss narrowed 45% from 1Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Software industry in Germany. Reported Earnings • Feb 18
Full year 2022 earnings released: kr0.54 loss per share (vs kr0.58 loss in FY 2021) Full year 2022 results: kr0.54 loss per share (improved from kr0.58 loss in FY 2021). Revenue: kr47.6m (up 43% from FY 2021). Net loss: kr49.6m (loss narrowed 5.3% from FY 2021). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Software industry in Germany. 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. 4 non-independent directors. Director Fredrik Urbanski was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2022 earnings released: kr0.10 loss per share (vs kr0.14 loss in 3Q 2021) Third quarter 2022 results: kr0.10 loss per share (improved from kr0.14 loss in 3Q 2021). Revenue: kr12.2m (up 50% from 3Q 2021). Net loss: kr9.45m (loss narrowed 29% from 3Q 2021). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in Germany. Reported Earnings • Jul 20
Second quarter 2022 earnings released: kr0.099 loss per share (vs kr0.12 loss in 2Q 2021) Second quarter 2022 results: kr0.099 loss per share (up from kr0.12 loss in 2Q 2021). Revenue: kr13.1m (up 57% from 2Q 2021). Net loss: kr9.04m (loss narrowed 20% from 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 8.4% growth forecast for the industry in Germany. Reported Earnings • May 03
First quarter 2022 earnings released: kr0.19 loss per share (vs kr0.11 loss in 1Q 2021) First quarter 2022 results: kr0.19 loss per share (down from kr0.11 loss in 1Q 2021). Revenue: kr9.20m (up 14% from 1Q 2021). Net loss: kr17.7m (loss widened 83% from 1Q 2021). Over the next year, revenue is forecast to grow 29%, compared to a 14% growth forecast for the industry in Germany. Aankondiging • May 02
Hoylu AB (publ), Annual General Meeting, Jun 10, 2022 Hoylu AB (publ), Annual General Meeting, Jun 10, 2022. Agenda: To consider appointment of a chairman of the general meeting; to consider preparation and approval of the voting register; to consider board changes; to determine remuneration for the Board of Directors and the auditor; and to consider other matters. Board Change • Apr 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Hans Blix is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Feb 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.58 loss per share (down from kr0.55 loss in FY 2020). Revenue: kr33.3m (up 14% from FY 2020). Net loss: kr52.3m (loss widened 63% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 14% growth forecast for the industry in Germany. Reported Earnings • Nov 20
Third quarter 2021 earnings released: kr0.14 loss per share (vs kr0.11 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr8.12m (up 34% from 3Q 2020). Net loss: kr13.3m (loss widened 56% from 3Q 2020). Reported Earnings • Aug 21
Second quarter 2021 earnings released: kr0.12 loss per share (vs kr0.21 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr8.37m (up 4.7% from 2Q 2020). Net loss: kr11.3m (loss widened 35% from 2Q 2020). Executive Departure • May 29
Independent Director has left the company On the 22nd of May, Ian Sandmael's tenure as Independent Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Ian's name. Ian is the only executive to leave the company over the last 12 months. Reported Earnings • May 22
First quarter 2021 earnings released: kr0.11 loss per share (vs kr0.26 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: kr8.07m (down 1.1% from 1Q 2020). Net loss: kr9.65m (loss widened 36% from 1Q 2020). Aankondiging • Mar 04
Hoylu Announces Upgrades to its Connected Workspaces Hoylu announced upgrades to its Connected Workspaces, online whiteboard platform, delivering lightning-fast processing speeds along with new features, customization and capabilities to enhance agile workflow, refine user convenience and advance team collaboration, communication and productivity. With this release, Hoylu introduces interactive Application portals: the ability to embed fully functional experiences from Microsoft Word, PowerPoint, Excel and many other Office365 services within the Workspace. The Portals can also play live video from YouTube, show interactive Google Maps and much more. This allows users to keep all of their work within their Workspace, creating quicker and more powerful collaboration capabilities than ever before. Reported Earnings • Feb 21
Full year 2020 earnings released: kr0.61 loss per share (vs kr1.85 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr29.2m (up 8.4% from FY 2019). Net loss: kr31.8m (loss narrowed 33% from FY 2019). Aankondiging • Feb 19
Hoylu Receives New Order from Walbridge Hoylu announced that it has received a new order from Walbridge, to use Hoylu’s workspace and pull planning software for a new large infrastructure project at the border between the US and Canada.