New Risk • Jun 11
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • May 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-kr39m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Aankondiging • May 07
Clavister Holding AB (publ.) to Report Q4, 2026 Results on Feb 11, 2027 Clavister Holding AB (publ.) announced that they will report Q4, 2026 results on Feb 11, 2027 Aankondiging • Apr 17
Clavister Holding AB (publ.), Annual General Meeting, May 19, 2026 Clavister Holding AB (publ.), Annual General Meeting, May 19, 2026, at 13:00 W. Europe Standard Time. Location: companys offices at sjogatan 6j, ornskoldsvik Sweden New Risk • Jan 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% 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 Negative equity (-kr39m). Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Jan 15
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 11% 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 Negative equity (-kr39m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Aankondiging • Nov 27
Clavister Holding AB (publ.) has filed a Follow-on Equity Offering in the amount of SEK 167.141923 million. Clavister Holding AB (publ.) has filed a Follow-on Equity Offering in the amount of SEK 167.141923 million.
Security Name: Ordinasry Shares
Security Type: Common Stock
Securities Offered: 61,904,416
Price\Range: SEK 2.7
Transaction Features: Subsequent Direct Listing New Risk • Nov 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr906.9m (US$95.5m) This is considered a minor 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 Risk Negative equity (-kr39m). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (kr906.9m market cap, or US$95.5m). Buy Or Sell Opportunity • Jun 09
Now 21% undervalued Over the last 90 days, the stock has risen 55% to kr5.91. The fair value is estimated to be kr7.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 56%. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: kr0.012 (vs kr0.17 loss in 1Q 2024) First quarter 2025 results: EPS: kr0.012 (up from kr0.17 loss in 1Q 2024). Revenue: kr54.2m (up 23% from 1Q 2024). Net income: kr3.17m (up kr26.5m from 1Q 2024). Profit margin: 5.8% (up from net loss in 1Q 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Apr 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% 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 Negative equity (-kr84m). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Aankondiging • Apr 10
Clavister Holding AB (publ.), Annual General Meeting, May 19, 2025 Clavister Holding AB (publ.), Annual General Meeting, May 19, 2025, at 13:00 W. Europe Standard Time. Location: at the companys offices at, sjogatan 6j in ornskoldsvik, Sweden Recent Insider Transactions Derivative • Mar 21
Chief Financial Officer exercised options to buy kr134k worth of stock. On the 17th of March, David Nordstrom exercised options to buy 38k shares at a strike price of around kr1.50, costing a total of kr56k. This transaction amounted to 43% of their direct individual holding at the time of the trade. Since September 2024, David has owned 87.50k shares directly. Company insiders have collectively bought kr106k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Feb 14
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: kr0.34 loss per share (improved from kr1.16 loss in FY 2023). Revenue: kr198.3m (up 24% from FY 2023). Net loss: kr56.0m (loss narrowed 14% from FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 150%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Aankondiging • Nov 12
Clavister Holding AB (publ.) to Report Q4, 2024 Results on Feb 13, 2025 Clavister Holding AB (publ.) announced that they will report Q4, 2024 results on Feb 13, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: kr0.023 loss per share (vs kr0.16 loss in 3Q 2023) Third quarter 2024 results: kr0.023 loss per share (improved from kr0.16 loss in 3Q 2023). Revenue: kr45.6m (up 21% from 3Q 2023). Net loss: kr5.11m (loss narrowed 42% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Aankondiging • Nov 07
Clavister Holding AB (publ.) to Report First Half, 2025 Results on Aug 21, 2025 Clavister Holding AB (publ.) announced that they will report first half, 2025 results on Aug 21, 2025 Recent Insider Transactions Derivative • Oct 04
Co-Founder exercised options to buy kr375k worth of stock. On the 30th of September, John Vestberg exercised options to buy 213k shares at a strike price of around kr1.20, costing a total of kr255k. This transaction amounted to 39% of their direct individual holding at the time of the trade. Since March 2024, John has owned 545.52k shares directly. Company insiders have collectively bought kr300k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 23
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: kr0.045 loss per share (improved from kr0.51 loss in 2Q 2023). Revenue: kr46.2m (up 20% from 2Q 2023). Net loss: kr10.1m (loss narrowed 65% from 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 60%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • May 07
First quarter 2024 earnings released: kr0.17 loss per share (vs kr0.37 loss in 1Q 2023) First quarter 2024 results: kr0.17 loss per share. Revenue: kr45.1m (up 24% from 1Q 2023). Net loss: kr23.3m (loss widened 11% from 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. Aankondiging • Apr 20
Clavister Holding AB (publ.) to Report Q3, 2024 Results on Nov 07, 2024 Clavister Holding AB (publ.) announced that they will report Q3, 2024 results on Nov 07, 2024 New Risk • Feb 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 300% 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-kr229m). Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr247.6m market cap, or US$23.7m). Reported Earnings • Feb 16
Full year 2023 earnings released: kr1.16 loss per share (vs kr2.00 loss in FY 2022) Full year 2023 results: kr1.16 loss per share (improved from kr2.00 loss in FY 2022). Revenue: kr165.0m (up 16% from FY 2022). Net loss: kr65.4m (loss narrowed 42% from FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Aankondiging • Feb 15
Clavister Holding AB (publ.) to Report Q2, 2024 Results on Aug 22, 2024 Clavister Holding AB (publ.) announced that they will report Q2, 2024 results on Aug 22, 2024 Aankondiging • Feb 01
Clavister Holding AB (publ.) has completed a Composite Units Offering. Clavister Holding AB (publ.) has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 14,132,588
Price\Range: SEK 12
Transaction Features: Rights Offering Aankondiging • Jan 18
Clavister Holding AB (publ.) announced that it expects to receive SEK 170 million in funding Clavister Holding AB (publ.) announced a private placement of common shares for the gross proceeds of SEK 170 million on January 18, 2024. New Risk • Dec 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr104.0m (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 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 (17% average weekly change). Negative equity (-kr222m). Market cap is less than US$10m (kr104.0m market cap, or US$9.90m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr25m net loss in 2 years). New Risk • Dec 07
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 17% 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 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 (17% average weekly change). Negative equity (-kr222m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr25m net loss in 2 years). Market cap is less than US$100m (kr110.8m market cap, or US$10.7m). Aankondiging • Nov 10
Clavister Holding AB (publ.) to Report Q1, 2024 Results on May 07, 2024 Clavister Holding AB (publ.) announced that they will report Q1, 2024 results on May 07, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: kr0.16 loss per share (improved from kr0.28 loss in 3Q 2022). Revenue: kr39.5m (up 11% from 3Q 2022). Net loss: kr8.85m (loss narrowed 45% from 3Q 2022). Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Aankondiging • Nov 09
Clavister Holding AB (publ.), Annual General Meeting, May 27, 2024 Clavister Holding AB (publ.), Annual General Meeting, May 27, 2024. Aankondiging • Sep 26
Clavister Holding AB (Publ.) Approves Election of Andreas Hedskog as Board Member and Chair of the Board Clavister Holding AB (publ.) announced that at its EGM held on September 25, 2023, the EGM resolved to new election of Andreas Hedskog as board member and chair of the board. Recent Insider Transactions • Sep 18
Chief Technology Officer recently bought kr130k worth of stock On the 15th of September, Nils Undén bought around 23k shares on-market at roughly kr5.57 per share. This transaction amounted to 65% 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 kr439k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 07
Chief Technology Officer recently bought kr53k worth of stock On the 5th of July, Nils Undén bought around 8k shares on-market at roughly kr6.26 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr58k. Insiders have collectively bought kr308k more in shares than they have sold in the last 12 months. Aankondiging • Jul 06
Clavister Holding AB (Publ.) Announces the Resignation of Jan Frykhammar as Chairman of the Board Clavister Holding AB announced that chairman of the board, Jan Frykhammar, is leaving his position at his own request with immediate effect. The background to the decision is personal reasons. Jan Frykhammar has been chairman of the board of Clavister Holding since March 2022 and board member since May 2018. The nomination committee in Clavister Holding AB will, within the framework of its mission, present a new chairman of the board to replace Jan Frykhammar for the time until the next annual general meeting at an extraordinary general meeting. Clavister Holding AB calls an extraordinary general meeting as soon as a proposal is available. Recent Insider Transactions • May 31
Chief Technology Officer recently bought kr58k worth of stock On the 29th of May, Nils Undén bought around 10k shares on-market at roughly kr5.78 per share. This transaction increased Nils' direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr200k more in shares than they have sold in the last 12 months. Reported Earnings • May 12
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: kr0.37 loss per share (improved from kr0.46 loss in 1Q 2022). Revenue: kr37.3m (up 10% from 1Q 2022). Net loss: kr21.1m (loss narrowed 20% from 1Q 2022). Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) missed analyst estimates by 85%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 11
Consensus EPS estimates fall by 26% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -kr0.80 to -kr1.01 per share. Revenue forecast unchanged at kr164.0m. Software industry in Sweden expected to see average net income growth of 51% next year. Consensus price target of kr7.00 unchanged from last update. Share price rose 2.1% to kr3.90 over the past week. Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr173.0m to kr165.0m. Losses expected to increase from kr0.70 per share to kr0.80. Software industry in Sweden expected to see average net income growth of 45% next year. Consensus price target of kr7.00 unchanged from last update. Share price rose 16% to kr3.75 over the past week. Reported Earnings • Feb 20
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: kr2.00 loss per share (further deteriorated from kr1.68 loss in FY 2021). Revenue: kr149.4m (up 11% from FY 2021). Net loss: kr112.8m (loss widened 24% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to kr7.00 Down from kr8.50, the current price target is provided by 1 analyst. New target price is 156% above last closing price of kr2.74. Stock is down 64% over the past year. The company is forecast to post a net loss per share of kr1.70 next year compared to a net loss per share of kr1.68 last year. Major Estimate Revision • Nov 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -kr1.52 to -kr1.70 per share. Revenue forecast unchanged at kr143.0m. Software industry in Sweden expected to see average net income growth of 41% next year. Consensus price target of kr7.00 unchanged from last update. Share price fell 5.5% to kr2.74 over the past week. Aankondiging • Nov 08
Clavister Holding AB (publ.) to Report Q1, 2023 Results on May 11, 2023 Clavister Holding AB (publ.) announced that they will report Q1, 2023 results on May 11, 2023 Price Target Changed • Nov 03
Price target decreased to kr7.00 Down from kr9.00, the current price target is provided by 1 analyst. New target price is 142% above last closing price of kr2.90. Stock is down 61% over the past year. The company is forecast to post a net loss per share of kr1.52 next year compared to a net loss per share of kr1.68 last year. Reported Earnings • Aug 25
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: kr0.68 loss per share (down from kr0.35 loss in 2Q 2021). Revenue: kr36.7m (up 16% from 2Q 2021). Net loss: kr38.2m (loss widened 101% from 2Q 2021). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 134%. Over the next year, revenue is forecast to grow 15%, compared to a 33% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Aankondiging • Aug 24
Clavister Holding AB (publ.) to Report Q4, 2022 Results on Feb 16, 2023 Clavister Holding AB (publ.) announced that they will report Q4, 2022 results on Feb 16, 2023 Price Target Changed • Jun 17
Price target decreased to kr9.00 Down from kr10.75, the current price target is an average from 2 analysts. New target price is 127% above last closing price of kr3.97. Stock is down 53% over the past year. The company is forecast to post a net loss per share of kr1.03 next year compared to a net loss per share of kr1.68 last year. Major Estimate Revision • May 19
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr154.4m to kr146.0m. Losses expected to increase from kr0.72 per share to kr1.03. Software industry in Sweden expected to see average net income growth of 48% next year. Consensus price target down from kr10.75 to kr10.00. Share price fell 7.5% to kr4.20 over the past week. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr0.46 loss per share (up from kr0.49 loss in 1Q 2021). Revenue: kr33.8m (up 8.5% from 1Q 2021). Net loss: kr26.2m (flat on 1Q 2021). Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 64%. Over the next year, revenue is forecast to grow 13%, compared to a 40% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to kr10.75 Down from kr12.00, the current price target is an average from 2 analysts. New target price is 119% above last closing price of kr4.91. Stock is down 42% over the past year. The company is forecast to post a net loss per share of kr0.72 next year compared to a net loss per share of kr1.68 last year. Major Estimate Revision • Feb 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -kr0.99 to -kr0.72 per share. Revenue forecast unchanged from kr154.4m at last update. Software industry in Sweden expected to see average net income growth of 37% next year. Consensus price target of kr10.75 unchanged from last update. Share price fell 26% to kr3.97 over the past week. Reported Earnings • Feb 18
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: kr1.68 loss per share (up from kr2.08 loss in FY 2020). Revenue: kr134.3m (down 4.2% from FY 2020). Net loss: kr91.2m (loss widened 12% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 15%, compared to a 69% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Nov 14
Independent Director recently bought kr1.5m worth of stock On the 12th of November, Staffan Dahlstrom bought around 200k shares on-market at roughly kr7.46 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.6m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 12
Third quarter 2021 earnings released: kr0.30 loss per share (vs kr0.39 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: kr34.1m (down 18% from 3Q 2020). Net loss: kr16.6m (loss widened 67% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 01
Independent Director recently bought kr118k worth of stock On the 27th of August, Staffan Dahlstrom bought around 16k shares on-market at roughly kr7.40 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. Reported Earnings • Aug 27
Second quarter 2021 earnings released: kr0.35 loss per share (vs kr0.48 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: kr31.7m (up 9.3% from 2Q 2020). Net loss: kr19.0m (loss widened 54% from 2Q 2020). 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 21% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
First quarter 2021 earnings released: kr0.49 loss per share (vs kr1.54 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: kr31.2m (down 6.1% from 1Q 2020). Net loss: kr26.3m (loss narrowed 33% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 11
Full year 2020 earnings released: kr2.10 loss per share (vs kr7.33 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: kr140.2m (down 18% from FY 2019). Net loss: kr81.9m (loss narrowed 56% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 67%. Over the next year, revenue is forecast to grow 16%, compared to a 55% growth forecast for the Software industry in Sweden. Aankondiging • Feb 05
Clavister to Embed Cybersecurity in Combat Vehicles of Major Western European Military Organisation Alongside BAE Systems Hägglunds Clavister announced that the relationship between itself and BAE Systems Hägglunds has produced its first end-customer – a major Western European military organisation. The contract agreed between BAE Systems Hägglunds and said organisation will see mid-life upgrades of CV90s (combat vehicles 90) carried out between 2021– 2025. To Clavister, the deal is worth a minimum of 50 MSEK, potentially increasing to 90 MSEK, according to the requirements set out by the customer. These figures would represent Clavister’s largest deal to date. The CV90 is a family of tracked combat vehicles first developed in the 1980s to cope with the extreme Nordic environments. The current model (MkIV) is suitable for high-tempo combat situations as it’s designed for tactical and strategic mobility and survivability, with a high payload, air defence and anti-tank capabilities. It also possesses a wide range of armament options giving it flexible firepower which can be configured to match any combat or patrol situation. The latest versions come equipped with a NATO-standard electronic architecture – driving the need for cybersecurity capabilities. Is New 90 Day High Low • Feb 04
New 90-day high: kr9.32 The company is up 31% from its price of kr7.10 on 06 November 2020. The Swedish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 29% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: kr7.94 The company is up 7.0% from its price of kr7.42 on 13 October 2020. The Swedish market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Software industry, which is up 30% over the same period. Aankondiging • Dec 03
Clavister and 8Soft Sign Distribution Agreement Clavister announced the channel cooperation with value added distributor (VAD) 8Soft who completes their portfolio offering by adding high performance cybersecurity solutions from Clavister. The innovative Clavister solutions fit very well into the 8Soft partner landscape, thinks Gürtler, and that they will bring many opportunities to win new partners. The 8Soft team is convinced that resellers will also appreciate the added value that Clavister offers, namely in the area of high performance and growing solutions, an outstanding price-performance ratio, a partner program with real added value, a simple service model, managed services and one that`s 100% channel focussed. As a European manufacturer, Clavister fits perfectly into the list of other manufacturers whose solutions the distributor sells. All in all, it sounds like a good match: Both companies live the channel; focus on close, personal cooperation with partners and offer extensive professional advice and technical support. Is New 90 Day High Low • Nov 26
New 90-day low: kr6.62 The company is down 48% from its price of kr12.75 on 28 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 5.0% over the same period. Major Estimate Revision • Nov 24
Analysts increase EPS estimates to -kr1.26 The 2020 consensus revenue estimate increased from kr129.0m to kr133.0m. Analysts raised their EPS forecasts from -kr1.92 to -kr1.26 in 2020. The Software industry in Sweden is expected to see an average net income growth of 30% next year. The consensus price target was lowered from kr16.00 to kr10.00. Share price is down by 3.0% to kr7.16 over the past week. Aankondiging • Nov 14
Clavister Partners with Digital Cloak to Integrate Identity and Access Management Solutions for the United States Marine Corps Clavister announced that it will provide Identity and Access Management (IAM) solutions to support United States Marine Corps through its longstanding partnership with Digital Cloak. Digital Cloak has effectively supported the Marine Corps since the company's inception, in addition to its work for other components of the U.S. Armed Services. Clavister's partnership with Digital Cloak will provide the Marine Corps with a state-of-the-art IAM solution to improve the security of mission assurance data maintained by Headquarters Marine Corps. The Clavister EasyAccess authentication solution will support system development and production environments, boosting Marine Corps cybersecurity readiness throughout the system lifecycle. The Clavister solution will provide a common proxy for means of authentication, ultimately enhancing service operations and mission readiness. Clavister's authentication solution will provide: Integration with existing Marine Corps systems. Enhanced login security controls and Support for cybersecurity accreditation and authorization. This project is the first step to integrate Clavister products in support of U.S. defense capabilities, and will enhance visibility of its solutions to Marine leadership and key stakeholders within the U.S. Department of Defense (DoD). Through its relationship with Digital Cloak, Clavister will provide the Marine Corps with licenses to support the initial proofs of concept. Is New 90 Day High Low • Oct 30
New 90-day low: kr7.28 The company is down 46% from its price of kr13.50 on 31 July 2020. The Swedish market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 10.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of kr170.4m, with losses widening by 55% from the prior year. Total revenue was kr182.3m over the last 12 months, up 12% from the prior year. Aankondiging • Oct 10
Clavister Releases Cybersecurity Score Providing Simplified Actionable Security Analytics Clavister announced this week at the first global virtual partner days the general availability of CyberSecurity Score. Initially pre-viewed as a beta in February 2020, the CyberSecurity Score is now enhanced with 3 new categories and a range of other features. Clavister CyberSecurity Score is the ideal communication tool to see the status of IT security for a business to ensure business continuity. Broken down in six distinct categories, scoring each from A to F along with an overall score and a threat level, an instant overview of the protection status is provided to the IT manager. But the tool doesn't stop there. Data is?individually broken down into details, comparable over time and across locations and-by using artificial intelligence data, configuration information and rulesets the solution makes suggestions for improvements. It even puts them in priority order on what makes most impact to fix first. IT managers will gain actionable insights to put funds and efforts where they matter the most. Offered both as-a-Service as part of Clavister InCenter Cloud and on-prem with Clavister InCenter; the CyberSecurity Score is easy to implement and free of charge for any Clavister product with a Clavister Security Subscription (CSS), ensuring fast insights for customers with deployments of any size and requiring minimum time to get started. The offering is gradually rolled out from and existing users of Clavister InCenter will find their systems upgraded automatically to support the new functionality. Additionally, it is also offered as a tool in the Clavister Aurora Managed Security Service Provider (MSSP) program, a new platform in which authorized partners, resellers and distributors can offer CyberSecurity Score and other parts of the Aurora Security Framework as a monthly service, tailored to the customers' needs. Aankondiging • Oct 04
Clavister Receives SEK 11 million Order for Its NetShield Firewall Product Clavister has received an order for its Clavister NetShield Firewall product worth SEK 11 million from security provider ContentKeeper. As part of ContentKeeper's new 3rd Generation cloud security service being deployed in Dallas, Los Angeles and Canberra, Clavister's carrier-grade firewall product, Clavister NetShield, is integrated as a first line of defence protecting mission-critical Cloud customers.