Reported Earnings • May 05
First quarter 2026 earnings released First quarter 2026 results: Revenue: kr21.0m (up 1.7% from 1Q 2025). Net income: kr135.0k (down 83% from 1Q 2025). Profit margin: 0.6% (down from 3.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr1.42, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 29x in the Electronic industry in Sweden. Total loss to shareholders of 8.4% over the past three years. Aankondiging • Feb 26
Westpay AB, Annual General Meeting, Apr 07, 2026 Westpay AB, Annual General Meeting, Apr 07, 2026, at 10:00 W. Europe Standard Time. Location: companys office at kanalvagen 12, upplands vasby, Sweden Reported Earnings • Feb 21
Full year 2025 earnings released: EPS: kr0.044 (vs kr0.08 loss in FY 2024) Full year 2025 results: EPS: kr0.044 (up from kr0.08 loss in FY 2024). Revenue: kr84.3m (up 6.4% from FY 2024). Net income: kr4.20m (up kr10.4m from FY 2024). Profit margin: 5.0% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr1.41, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 27x in the Electronic industry in Sweden. Total returns to shareholders of 4.4% over the past three years. New Risk • Dec 08
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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (50% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (kr152.4m market cap, or US$16.2m). Reported Earnings • Nov 02
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr19.7m (up 3.0% from 3Q 2024). Net income: kr1.64m (up kr3.03m from 3Q 2024). Profit margin: 8.3% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: kr0 (vs kr0.039 loss in 2Q 2024) Second quarter 2025 results: EPS: kr0 (improved from kr0.039 loss in 2Q 2024). Revenue: kr20.3m (up 13% from 2Q 2024). Net income: kr10.0k (up kr2.89m from 2Q 2024). Profit margin: 0% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Jun 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% 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 (-kr4.2m free cash flow). Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Market cap is less than US$10m (kr85.9m market cap, or US$9.00m). Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Aankondiging • Jun 20
Westpay AB Appoints Patric Nilsson as Chief Product Officer Westpay AB has appointed Patric Nilsson as Chief Product Officer (CPO) as part of a broader organizational restructuring aimed at accelerating recurring revenue growth and strengthening the company's SaaS transformation. Patric Nilsson has been instrumental in shaping Westpay’s product portfolio, bringing a unique blend of design thinking, customer-centric innovation, and deep domain expertise. In his new role, he will lead the company’s product vision and lifecycle, oversee go-to-market planning, and align marketing strategy with product development to ensure that Westpay continues to deliver future-ready solutions for the fast-evolving payment landscape. This appointment is part of a broader reorganization that delineates responsibilities between product and technology leadership. While Tomas Nilsson will continue to drive Westpay’s technical innovation and infrastructure resilience as CTO, Patric will take full ownership of product development, brand management, and commercial performance. New Risk • May 10
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 14% 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 (-kr4.2m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (kr78.1m market cap, or US$8.04m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Reported Earnings • May 02
First quarter 2025 earnings released: EPS: kr0.01 (vs kr0.032 loss in 1Q 2024) First quarter 2025 results: EPS: kr0.01 (up from kr0.032 loss in 1Q 2024). Revenue: kr20.7m (up 14% from 1Q 2024). Net income: kr777.0k (up kr2.90m from 1Q 2024). Profit margin: 3.8% (up from net loss in 1Q 2024). The move to profitability was primarily driven by higher revenue. 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 28% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 23
Full year 2024 earnings released: kr0.08 loss per share (vs kr0.41 loss in FY 2023) Full year 2024 results: kr0.08 loss per share (improved from kr0.41 loss in FY 2023). Revenue: kr79.5m (up 7.6% from FY 2023). Net loss: kr6.16m (loss narrowed 78% from FY 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Aankondiging • Feb 21
Westpay AB, Annual General Meeting, Mar 25, 2025 Westpay AB, Annual General Meeting, Mar 25, 2025, at 10:00 W. Europe Standard Time. Location: kanalvagen 12, upplands vasby, Sweden New Risk • Feb 20
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 10% 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 Less than 1 year of cash runway based on free cash flow trend (-kr23m free cash flow). Market cap is less than US$10m (kr80.8m market cap, or US$7.58m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Nov 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% 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 (-kr23m free cash flow). Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Market cap is less than US$10m (kr56.4m market cap, or US$5.13m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Nov 02
Third quarter 2024 earnings released: kr0.02 loss per share (vs kr0.12 loss in 3Q 2023) Third quarter 2024 results: kr0.02 loss per share (improved from kr0.12 loss in 3Q 2023). Revenue: kr19.2m (up 20% from 3Q 2023). Net loss: kr1.39m (loss narrowed 79% from 3Q 2023). 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 39% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2024 earnings released: kr0.05 loss per share (vs kr0.15 loss in 2Q 2023) Second quarter 2024 results: kr0.05 loss per share (improved from kr0.15 loss in 2Q 2023). Revenue: kr18.1m (up 9.8% from 2Q 2023). Net loss: kr2.88m (loss narrowed 58% from 2Q 2023). 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 36% per year, which means it is significantly lagging earnings. Aankondiging • Aug 15
Westpay AB Elects Mattias Lewrén as Director Westpay AB at its extraordinary general meeting held on August 15, 2024, the general meeting resolved that the board of directors shall consist of six directors, elected by the general meeting, without deputies and to elect Mattias Lewrén as a new director of the company, in accordance with the proposals included in the notice. Mattias Lewrén is Partner and Head of Value Creation at Dahlgren Private Equity. He has a vast experience from numerous industries, including the technology sector, and a proven track record in value creation. For 35 years Mattias worked for Accenture heading numerous global management positions. New Risk • May 19
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 8.7% 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 Less than 1 year of cash runway based on free cash flow trend (-kr38m free cash flow). Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Market cap is less than US$10m (kr46.9m market cap, or US$4.38m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Aankondiging • May 08
Malte Roggentin Declines Re-Election as Director of Westpay AB Westpay AB announced that Malte Roggentin had declined re-election at the annual general meeting on May 7, 2024. Reported Earnings • May 05
First quarter 2024 earnings released: kr0.03 loss per share (vs kr0.13 loss in 1Q 2023) First quarter 2024 results: kr0.03 loss per share (improved from kr0.13 loss in 1Q 2023). Revenue: kr18.2m (down 7.2% from 1Q 2023). Net loss: kr2.12m (loss narrowed 62% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Aankondiging • Apr 03
Westpay AB, Annual General Meeting, May 07, 2024 Westpay AB, Annual General Meeting, May 07, 2024, at 15:00 Central European Standard Time. Location: Kanalvägen 12 Upplands Väsby Sweden Agenda: To approve adoption of the profit and loss account and balance sheet, allocation of the company’s results in accordance with the adopted balance sheet, and discharge from liability towards the company for the directors and CEO for the financial year of 2023; to approve resolution on directors’ fees and auditors’ fees; to approve resolution on the number directors and number of auditors; to approve election of directors, chair of the board and auditors; to approve resolution on an issue authorization for the board of directors; and to consider other matters. Reported Earnings • Feb 22
Full year 2023 earnings released: kr0.41 loss per share (vs kr0.22 loss in FY 2022) Full year 2023 results: kr0.41 loss per share (further deteriorated from kr0.22 loss in FY 2022). Revenue: kr73.9m (down 10% from FY 2022). Net loss: kr27.6m (loss widened 215% from FY 2022). 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 35% per year, which means it is significantly lagging earnings. New Risk • Jan 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 68% 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 Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Market cap is less than US$10m (kr46.9m market cap, or US$4.51m). Reported Earnings • Oct 28
Third quarter 2023 earnings released: kr0.12 loss per share (vs kr0.051 loss in 3Q 2022) Third quarter 2023 results: kr0.12 loss per share (further deteriorated from kr0.051 loss in 3Q 2022). Revenue: kr16.1m (down 31% from 3Q 2022). Net loss: kr6.51m (loss widened 221% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Oct 13
New major risk - Revenue and earnings growth Earnings have declined by 1.5% 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 (-kr29m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 1.5% per year over the past 5 years. Market cap is less than US$10m (kr51.4m market cap, or US$4.66m). Minor Risk Shareholders have been diluted in the past year (44% increase in shares outstanding). New Risk • Oct 06
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 8.6% 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 Less than 1 year of cash runway based on free cash flow trend (-kr29m free cash flow). Market cap is less than US$10m (kr51.4m market cap, or US$4.70m). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (44% increase in shares outstanding). Reported Earnings • Aug 23
Second quarter 2023 earnings released: kr0.15 loss per share (vs kr0.053 loss in 2Q 2022) Second quarter 2023 results: kr0.15 loss per share (further deteriorated from kr0.053 loss in 2Q 2022). Revenue: kr16.5m (down 18% from 2Q 2022). Net loss: kr6.86m (loss widened 229% from 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Breakeven Date Change • May 23
Forecast breakeven date pushed back to 2025 The analyst covering Westpay previously expected the company to break even in 2024. New forecast suggests the company will make a profit of kr5.00m in 2025. Average annual earnings growth of 104% is required to achieve expected profit on schedule. Reported Earnings • May 07
First quarter 2023 earnings released: kr0.13 loss per share (vs kr0.053 loss in 1Q 2022) First quarter 2023 results: kr0.13 loss per share (further deteriorated from kr0.053 loss in 1Q 2022). Revenue: kr19.6m (up 6.0% from 1Q 2022). Net loss: kr5.52m (loss widened 164% from 1Q 2022). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in Sweden. 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 22% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 19
Full year 2022 earnings released: kr0.22 loss per share (vs kr0.55 loss in FY 2021) Full year 2022 results: kr0.22 loss per share (improved from kr0.55 loss in FY 2021). Revenue: kr82.6m (up 37% from FY 2021). Net loss: kr8.77m (loss narrowed 54% from FY 2021). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Aankondiging • Feb 18
Westpay AB to Report Fiscal Year 2022 Results on Apr 13, 2023 Westpay AB announced that they will report fiscal year 2022 results on Apr 13, 2023 Breakeven Date Change • Jan 01
Forecast to breakeven in 2024 The analyst covering Westpay expects the company to break even for the first time. New forecast suggests losses will reduce by 54% per year to 2023. The company is expected to make a profit of kr3.00m in 2024. Average annual earnings growth of 94% is required to achieve expected profit on schedule. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Annika Fagerlund 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. Reported Earnings • Oct 30
Third quarter 2022 earnings released: kr0.05 loss per share (vs kr0.052 loss in 3Q 2021) Third quarter 2022 results: kr0.05 loss per share. Revenue: kr23.2m (up 43% from 3Q 2021). Net loss: kr2.03m (loss widened 16% from 3Q 2021). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Sweden. Price Target Changed • Aug 24
Price target increased to kr2.70 Up from kr2.50, the current price target is provided by 1 analyst. New target price is 40% above last closing price of kr1.93. Stock is down 41% over the past year. The company is forecast to post a net loss per share of kr0.20 next year compared to a net loss per share of kr0.54 last year. Reported Earnings • Aug 20
Second quarter 2022 earnings released: kr0.05 loss per share (vs kr0.12 loss in 2Q 2021) Second quarter 2022 results: kr0.05 loss per share (up from kr0.12 loss in 2Q 2021). Revenue: kr20.3m (up 57% from 2Q 2021). Net loss: kr2.09m (loss narrowed 47% from 2Q 2021). Over the next year, revenue is forecast to grow 3.2%, compared to a 14% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Aankondiging • Aug 05
Westpay AB Appoints Pernilla Ullsten as New Chief Financial Officer, Effective August 22, 2022 Westpay AB strengthened the team by appointing Pernilla Ullsten as new Chief Financial Officer, CFO. Pernilla's previous experience includes management roles at Grant Thornton, H&M and Apoteket. She holds a Master of Science in Business and Economics from Lund University. Pernilla Ullsten starts her new job at Westpay on August 22, 2022. Reported Earnings • May 06
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: kr0.05 loss per share (up from kr0.092 loss in 1Q 2021). Revenue: kr18.6m (up 46% from 1Q 2021). Net loss: kr2.09m (loss narrowed 32% from 1Q 2021). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 80%. Over the next year, revenue is forecast to grow 7.3%, compared to a 17% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to kr2.80 Down from kr3.90, the current price target is provided by 1 analyst. New target price is 21% above last closing price of kr2.31. Stock is down 21% over the past year. The company is forecast to post a net loss per share of kr0.20 next year compared to a net loss per share of kr0.54 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Annika Fagerlund 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. Reported Earnings • Feb 19
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: kr0.54 loss per share (down from kr0.41 loss in FY 2020). Revenue: kr63.0m (up 9.3% from FY 2020). Net loss: kr19.1m (loss widened 38% from FY 2020). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 80%. Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the 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 15% per year, which means it is significantly lagging earnings. Major Estimate Revision • Dec 08
Consensus EPS estimates increase to -kr0.30 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from kr52.0m to kr52.6m. EPS estimate increased from -kr0.40 to -kr0.30. Electronic industry in Sweden expected to see average net income growth of 61% next year. Consensus price target down from kr4.20 to kr3.90. Share price was steady at kr3.07 over the past week. Breakeven Date Change • Nov 24
No longer forecast to breakeven The analyst covering Westpay no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr1.00m in 2023. New forecast suggests the company will make a loss of kr300.0k in 2023. Recent Insider Transactions • Nov 17
Chairman of the Board recently bought kr344k worth of stock On the 12th of November, Christina Detlefsen bought around 100k shares on-market at roughly kr3.44 per share. This was the largest purchase by an insider in the last 3 months. This was Christina's only on-market trade for the last 12 months. Reported Earnings • Nov 03
Third quarter 2021 earnings released: kr0.052 loss per share (vs kr0.013 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr16.2m (up 6.5% from 3Q 2020). Net loss: kr1.75m (down kr2.18m from profit in 3Q 2020). 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 20% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 21
Second quarter 2021 earnings released: kr0.12 loss per share (vs kr0.09 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: kr13.8m (up 20% from 2Q 2020). Net loss: kr3.96m (loss widened 31% from 2Q 2020). 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 43% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jun 01
No longer forecast to breakeven The analyst covering Westpay no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr1.00m in 2023. New forecast suggests the company will make a loss of kr300.0k in 2023. Major Estimate Revision • Jun 01
Consensus EPS estimates fall to -kr0.40 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from kr55.0m to kr52.0m. Losses expected to increase from -kr0.36 to -kr0.40. Electronic industry in Sweden expected to see average net income growth of 53% next year. Consensus price target up from kr2.92 to kr3.50. Share price rose 17% to kr2.70 over the past week. Reported Earnings • May 09
First quarter 2021 earnings released: kr0.09 loss per share (vs kr0.15 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: kr14.2m (down 9.3% from 1Q 2020). Net loss: kr3.09m (loss narrowed 38% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Mar 20
Consensus revenue estimates fall to kr55.0m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from kr70.0m to kr55.0m. Forecast losses increased from -kr0.15 to -kr0.36 per share. Electronic industry in Sweden expected to see average net income growth of 42% next year. Consensus price target of kr3.50 unchanged from last update. Share price was steady at kr2.25 over the past week. Aankondiging • Mar 07
Panini Chooses Westpay as Provider of Payment Solutions Panini chosen Westpay as their payment solution provider. Panini knew that they wanted a payment solution that adds value and contributes to a greater customer experience. Of course, it feels nice when they now choose Westpay. Reported Earnings • Feb 20
Full year 2020 earnings released: kr0.41 loss per share (vs kr0.70 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2020 results: Revenue: kr63.0m (flat on FY 2019). Net loss: kr13.9m (loss narrowed 42% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 41% per year. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.4%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 11%, compared to a 9.6% growth forecast for the Electronic industry in Sweden. Aankondiging • Feb 02
Westpay AB Announces Continued Business Expansion in Norway, Agreement with New POS Partner Westpay AB continues expanding its reach and footprint on the Nordic payment market. As a result, Westpay attracting more POS (Point-Of-Sales) Partners, again in Norway. The latest POS Partner to sign up with Westpay is KBD (Kasse & Butikkdata) AS. KBD is the distributor of Casio POS products in Norway. Is New 90 Day High Low • Dec 28
New 90-day high: kr2.86 The company is up 51% from its price of kr1.90 on 29 September 2020. The Swedish market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 10.0% over the same period. Aankondiging • Dec 18
Westpay AB Signs Agreement with New POS Partner Westpay AB announced its plan to expand its reach and footprint on the Nordic payment market. As a result, Westpay continues to attract more POS (Point-Of-Sales) Partners. The latest POS system supplier to team up with Westpay is a market leading Dynamics 365 partners with global reach. As a POS Partner, they will integrate its POS solutions and make Westpay’s offerings available for its merchant customers. Aankondiging • Dec 16
Westpay Sign Agreement with Sharp Business Systems Sverige AB Westpay AB adds Sharp Business Systems Sverige AB to their growing partner area. As a POS Partner, Sharp Business Systems Sverige AB will include Westpays payment solution in their offering. Sharp Business Systems Sverige AB has a comprehensive range of payment solutions - aimed at Retail, Hospitality, Wellness, and supermarkets. They offer customized solutions for both the individual retailer and the larger chain. With a wide and varied range of hardware and software solutions, they always find a relevant solution for their particular business. Is New 90 Day High Low • Dec 04
New 90-day high: kr2.22 The company is up 22% from its price of kr1.83 on 04 September 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. Aankondiging • Dec 04
Belab Contracts Westpay AB for the Supply of a New Payment Solution to All its Stores Belab has contracted Westpay AB for the supply of a new payment solution to all its stores. Belab, as an Elon reseller, wants to expand the overall simplicity and flexibility included in the customer experience. Thanks to Westpays solution, they are now in an excellent position to embrace today's and tomorrow's payment methods. Aankondiging • Nov 25
Westpay AB Sign Agreement with Nutid Westpay AB announced to continue to expand their ability to offer their solution to the Nordic market. Nutid is the latest POS system supplier to team up with Westpay. As a POS Partner, Nutid will integrate its POS solution and make Westpay’s offerings available for its merchant customers. Recent Insider Transactions • Oct 31
Chairman of the Board recently bought kr200k worth of stock On the 27th of October, Christina Detlefsen bought around 100k shares on-market at roughly kr2.00 per share. This was the largest purchase by an insider in the last 3 months. This was Christina's only on-market trade for the last 12 months. Major Estimate Revision • Oct 31
Analysts increase revenue estimates to kr53.0m The 2020 consensus revenue estimate increased from kr48.0m. Earning per share (EPS) estimate also saw an improvement, with analysts raising their estimates from -kr0.59 to -kr0.42 for the same period. The Electronic industry in Sweden is expected to see an average net income growth of 23% next year. The consensus price target increased from kr2.80 to kr3.50. Share price is up 2.3% to kr2.00 over the past week. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total losses of kr17.9m, with losses narrowing by 17% from the prior year. Total revenue was kr61.5m over the last 12 months, up 2.2% from the prior year. Aankondiging • Oct 16
Bedege and Westpay Sign Agreement Westpay AB announced to sign agreement with BEDEGE. Westpay AB last week its plan to expand its footprint on the Nordic payment market. As a result of this venture Bedege, the system provider, and POS supplier integrate their POS solution and make Westpay’s offerings available for its merchants. Aankondiging • Oct 10
Westpay Expands Its Business Model to Reach More Customers Westpay AB is taking the next step in broadening its footprint on the Nordic payment market. This expansion of the business model builds on Westpay’s already successful market offering. The improved go-to-market strategy will include strategic partnerships with leading point-of-sales (POS) Suppliers. Is New 90 Day High Low • Oct 02
New 90-day low: kr1.78 The company is down 4.0% from its price of kr1.85 on 03 July 2020. The Swedish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.