Reported Earnings • May 28
First quarter 2026 earnings released: kr0.54 loss per share (vs kr0.059 loss in 1Q 2025) First quarter 2026 results: kr0.54 loss per share (further deteriorated from kr0.059 loss in 1Q 2025). Net loss: kr37.0m (loss widened 71% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Aankondiging • Apr 12
An undisclosed buyer acquired Wave Hub Limited from Hexicon AB (publ) (OM:HEXI) for £1. An undisclosed buyer entered into a sales and purchase agreement to acquire Wave Hub Limited from Hexicon AB (publ) (OM:HEXI) for £1 on April 10, 2026. A cash consideration of £1 will be paid by the buyer. As part of consideration, £1 is paid towards common equity of Wave Hub Limited. Under the agreement, Hexicon has divested its entire 100% stake in TwinHub Project, including associated assets and liabilities.
An undisclosed buyer completed the acquisition of Wave Hub Limited from Hexicon AB (publ) (OM:HEXI) on April 10, 2026. Aankondiging • Apr 02
Hexicon AB (publ), Annual General Meeting, May 07, 2026 Hexicon AB (publ), Annual General Meeting, May 07, 2026, at 10:00 W. Europe Standard Time. Location: setterwalls advokatbyra offices, at sturegatan 10 in stockholm, stockholm Sweden Reported Earnings • Mar 01
Full year 2025 earnings released: kr0.90 loss per share (vs kr0.71 loss in FY 2024) Full year 2025 results: kr0.90 loss per share (further deteriorated from kr0.71 loss in FY 2024). Revenue: kr107.1m (up kr97.2m from FY 2024). Net loss: kr327.1m (loss widened 27% from FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. New Risk • Jan 22
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 26% 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 Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-kr432m). Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (kr74.6m market cap, or US$8.27m). Minor Risk Revenue is less than US$5m (kr15m revenue, or US$1.7m). Reported Earnings • Nov 20
Third quarter 2025 earnings released: kr0.20 loss per share (vs kr0.15 loss in 3Q 2024) Third quarter 2025 results: kr0.20 loss per share (further deteriorated from kr0.15 loss in 3Q 2024). Net loss: kr72.7m (loss widened 35% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Board Change • Nov 14
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. 1 highly experienced director. Independent Director Lars Martinsson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 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 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-kr355m). Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (kr70.2m market cap, or US$7.42m). Reported Earnings • Aug 21
Second quarter 2025 earnings released: kr0.11 loss per share (vs kr0.13 loss in 2Q 2024) Second quarter 2025 results: kr0.11 loss per share (improved from kr0.13 loss in 2Q 2024). Revenue: kr77.3m (up kr73.1m from 2Q 2024). Net loss: kr41.0m (loss narrowed 14% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. New Risk • Jun 18
New major risk - Revenue and earnings growth Earnings have declined by 37% 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-kr324m). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (kr73.5m market cap, or US$7.66m). Minor Risk Revenue is less than US$5m (kr15m revenue, or US$1.6m). Breakeven Date Change • May 30
Forecast breakeven date pushed back to 2026 The analyst covering Hexicon previously expected the company to break even in 2025. New forecast suggests losses will reduce by 90% to 2025. The company is expected to make a profit of kr444.0m in 2026. Average annual earnings growth of 54% is required to achieve expected profit on schedule. Reported Earnings • May 30
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: kr0.06 loss per share (improved from kr0.089 loss in 1Q 2024). Net loss: kr21.7m (loss narrowed 32% from 1Q 2024). Revenue exceeded analyst estimates. Earnings per share (EPS) also surpassed analyst estimates by 45%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: kr0.71 loss per share (further deteriorated from kr0.52 loss in FY 2023). Net loss: kr258.2m (loss widened 38% from FY 2023). Revenue missed analyst estimates by 95%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Aankondiging • Apr 03
Hexicon AB (publ), Annual General Meeting, May 07, 2025 Hexicon AB (publ), Annual General Meeting, May 07, 2025, at 10:00 W. Europe Standard Time. Location: setterwalls advokatbyras, offices at sturegatan 10, stockholm Sweden Reported Earnings • Feb 20
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: kr0.71 loss per share (further deteriorated from kr0.52 loss in FY 2023). Net loss: kr258.2m (loss widened 38% from FY 2023). Revenue exceeded analyst estimates by 66%. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 01
Third quarter 2024 earnings released: kr0.15 loss per share (vs kr0.14 loss in 3Q 2023) Third quarter 2024 results: kr0.15 loss per share (further deteriorated from kr0.14 loss in 3Q 2023). Net loss: kr54.0m (loss widened 22% from 3Q 2023). Revenue is forecast to grow 130% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. New Risk • Sep 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr101.9m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-kr88m). Revenue is less than US$1m (kr5.6m revenue, or US$540k). Market cap is less than US$10m (kr101.9m market cap, or US$9.90m). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). New Risk • Sep 04
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 9.1% 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 Negative equity (-kr88m). Revenue is less than US$1m (kr5.6m revenue, or US$539k). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (kr117.7m market cap, or US$11.4m). Breakeven Date Change • Aug 23
Forecast breakeven date pushed back to 2025 The 2 analysts covering Hexicon previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 92% to 2024. The company is expected to make a profit of kr261.3m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Reported Earnings • Aug 22
Second quarter 2024 earnings released: kr0.13 loss per share (vs kr0.17 loss in 2Q 2023) Second quarter 2024 results: kr0.13 loss per share (improved from kr0.17 loss in 2Q 2023). Net loss: kr47.7m (loss narrowed 13% from 2Q 2023). Revenue is forecast to grow 115% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electrical industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. Reported Earnings • May 30
First quarter 2024 earnings released First quarter 2024 results: Net loss: kr32.1m (loss narrowed 32% from 1Q 2023). Revenue is forecast to grow 106% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electrical industry in Sweden. Board Change • May 20
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 Mia Batljan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 08
Hexicon AB (Publ) Approves Appointment of Göran Öfverström as Board Members Hexicon AB (publ) at its AGM held on May 7, 2024 approved appointment of Göran Öfverström as ordinary board members. Reported Earnings • Apr 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: kr0.52 loss per share (further deteriorated from kr0.46 loss in FY 2022). Net loss: kr187.3m (loss widened 12% from FY 2022). Revenue missed analyst estimates by 85%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electrical industry in Sweden. Aankondiging • Apr 06
Hexicon AB (publ), Annual General Meeting, May 07, 2024 Hexicon AB (publ), Annual General Meeting, May 07, 2024, at 10:00 Central European Standard Time. Location: Setterwalls Advokatbyrå’s offices at Sturegatan 10 Stockholm Sweden Agenda: To elect one or two persons who shall approve the minutes of the meeting; to elect members of the board of directors; to elect auditors and deputy auditors; to adopt the profit and loss statement and the balance sheet as well as of the consolidated profit and loss statement and the consolidated balance sheet; and to consider and approve other matters of business. Recent Insider Transactions • Feb 26
Insider recently bought kr57k worth of stock On the 22nd of February, Henrik Baltscheffsky bought around 101k shares on-market at roughly kr0.57 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr502k. Insiders have collectively bought kr1.0m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 22
Full year 2023 earnings released: kr0.51 loss per share (vs kr0.46 loss in FY 2022) Full year 2023 results: kr0.51 loss per share (further deteriorated from kr0.46 loss in FY 2022). Net loss: kr187.3m (loss widened 12% from FY 2022). Revenue is forecast to grow 86% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electrical industry in Sweden. Recent Insider Transactions • Dec 06
Insider recently bought kr502k worth of stock On the 4th of December, Henrik Baltscheffsky bought around 1m shares on-market at roughly kr0.46 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr462k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 19
Third quarter 2023 earnings released: kr0.14 loss per share (vs kr0.17 loss in 3Q 2022) Third quarter 2023 results: kr0.14 loss per share (improved from kr0.17 loss in 3Q 2022). Net loss: kr44.2m (loss narrowed 27% from 3Q 2022). Revenue is forecast to grow 73% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in Sweden. Reported Earnings • Sep 01
Second quarter 2023 earnings released: kr0.18 loss per share (vs kr0.11 loss in 2Q 2022) Second quarter 2023 results: kr0.18 loss per share (further deteriorated from kr0.11 loss in 2Q 2022). Net loss: kr65.3m (loss widened 54% from 2Q 2022). Revenue is forecast to grow 68% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in Sweden. Aankondiging • Aug 12
Hexicon AB (publ) Appoints Max Ek as Interim CFO Hexicon AB (publ) announces the appointment of Max Ek as its interim Chief Financial Officer (CFO), succeeding Anders Rössel whose departure was announced in July. Max Ek assumes his new role at Hexicon as of August 11, 2023, and will join the company's executive management team. Max has during the past 2 years worked at Hexicon as Head of Business Controlling & Analysis and is very familiar with the company which gives a short start-up process. During his time at Hexicon, Max has, among other things, held the role of CFO at one of Hexicon's largest projects, Freja Offshore, Hexicon's Swedish joint venture. Furthermore, he has previous experience in business analysis and finance in the FMCG sector and has a Master's degree in Business Administration from Stockholm University. Aankondiging • Jul 15
Hexicon AB (Publ) Announces Resignation of Anders Rössell as Chief Financial Officer Hexicon AB (publ) announced that CFO Anders Rössell is leaving the company for personal reasons after a short time in his position. However, he remains as CFO until a solution is in place. New Risk • Jun 14
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 9.5% 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 Revenue is less than US$1m (kr10m revenue, or US$947k). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (kr297.6m market cap, or US$27.9m). Aankondiging • Jun 09
Hexicon AB (publ) Appoints Anders Rössel as new CFO Hexicon AB (publ) announced the appointment of Anders Rössel as its new Chief Financial Officer (CFO), succeeding Karin Ljung departing for another CFO role. Anders Rössel will assume his new role at Hexicon in the second week of June 2023 where he will join the company's executive management team. He comes most recently from a position as CFO at Adverty (publ) and he adds strong financial expertise to the company´s growth ambitions as well as acceleration of the project pipeline. Anders Rössel has previously served as interim CFO at the insurance company Howden. He has also held significant roles, including Group Business Controller, at companies such as SCA, Swedish Match, Cherry and MTG. Currently Anders Rössel is serving as CFO at Adverty (publ) and will assume his new role at Hexicon the second week of June 2023, joining the company's executive management team. Anders Rössel holds a Bachelor of Business Administration from Lund University. During the transition, he will work closely with Karin Ljung to ensure a seamless handover of responsibilities. Aankondiging • Jun 02
Hexicon AB (publ) announced that it expects to receive €45 million in funding Hexicon AB (publ) enter into a long-term development financing agreement for the gross proceeds of €45 million on May 31, 2023. The transaction will include participation from new lender Glennmont Partners. The company will issue loan in the transaction. The loan bears a fixed base interest rate with a provision for a balanced upside sharing should certain projects achieve valuations in line with targets. Full repayment at the maturity date is May 31, 2029, with a possible extension. Reported Earnings • Jun 01
First quarter 2023 earnings released: kr0.13 loss per share (vs kr0.052 loss in 1Q 2022) First quarter 2023 results: kr0.13 loss per share (further deteriorated from kr0.052 loss in 1Q 2022). Net loss: kr47.2m (loss widened 164% from 1Q 2022). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electrical industry in Sweden. Breakeven Date Change • Mar 09
Forecast breakeven date moved forward to 2023 The analyst covering Hexicon previously expected the company to break even in 2024. New forecast suggests the company will make a profit of kr56.0m in 2023. Earnings growth of 92% is required to achieve expected profit on schedule. Reported Earnings • Feb 24
Full year 2022 earnings released: kr0.46 loss per share (vs kr0.16 loss in FY 2021) Full year 2022 results: kr0.46 loss per share (further deteriorated from kr0.16 loss in FY 2021). Revenue: kr85.2m (up 31% from FY 2021). Net loss: kr166.9m (loss widened 229% from FY 2021). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in Sweden. Recent Insider Transactions • Dec 06
Insider recently sold kr59k worth of stock On the 2nd of December, Henrik Baltscheffsky sold around 41k shares on-market at roughly kr1.43 per share. This transaction amounted to less than 1% 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 the only on-market transaction from insiders over the last 12 months. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Independent Director Mats Jansson is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 11
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr32.0m (up 42% from 3Q 2021). Net loss: kr60.5m (loss widened 455% from 3Q 2021). Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Electrical industry in Sweden. Reported Earnings • Aug 19
Second quarter 2022 earnings released: kr0.12 loss per share (vs kr0.08 loss in 2Q 2021) Second quarter 2022 results: kr0.12 loss per share (down from kr0.08 loss in 2Q 2021). Revenue: kr12.4m (up 70% from 2Q 2021). Net loss: kr42.3m (loss widened 91% from 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 64% growth forecast for the Electrical industry in Sweden. Board Change • Jun 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Independent Director Mats Jansson is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • May 12
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr0.05 loss per share. Revenue: kr6.60m (down 44% from 1Q 2021). Net loss: kr17.9m (loss widened kr17.9m from 1Q 2021). Revenue missed analyst estimates by 59%. Earnings per share (EPS) also missed analyst estimates by 32%. Over the next year, revenue is forecast to grow 30%, compared to a 74% growth forecast for the industry in Sweden. Reported Earnings • Apr 12
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: kr0.16 loss per share. Revenue: kr65.0m (up kr58.9m from FY 2020). Net loss: kr50.7m (loss widened 37% from FY 2020). Revenue missed analyst estimates by 59%. Earnings per share (EPS) also missed analyst estimates by 32%. Over the next year, revenue is forecast to grow 6.0%, compared to a 67% growth forecast for the industry in Sweden. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.14 loss per share (up from kr0.19 loss in FY 2020). Net loss: kr50.8m (loss widened 38% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 163%, compared to a 65% growth forecast for the industry in Sweden. Breakeven Date Change • Jan 01
Forecast to breakeven in 2024 The analyst covering Hexicon expects the company to break even for the first time. New forecast suggests the company will make a profit of kr57.1m in 2024. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Reported Earnings • Nov 18
Third quarter 2021 earnings released: kr0.03 loss per share Third quarter 2021 results: Net loss: kr10.9m (flat on 3Q 2020). Recent Insider Transactions • Jul 22
Head of Business Development recently sold kr1.1m worth of stock On the 16th of July, Henrik Baltscheffsky sold around 380k shares on-market at roughly kr3.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr837k more than they bought in the last 12 months. Recent Insider Transactions • Jun 27
Head of Business Development recently bought kr303k worth of stock On the 22nd of June, Henrik Baltscheffsky bought around 100k shares on-market at roughly kr3.03 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Jun 19
Hexicon AB (publ) has completed an IPO in the amount of SEK 300 million. Hexicon AB (publ) has completed an IPO in the amount of SEK 300 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: SEK 3
Discount Per Security: SEK 0
Transaction Features: Regulation S 