About NORDIG

Founded: 2016
Employees: 10
CEO: Jan Myhrstad
WebsiteView website: nordinsuretechgroup.se

Nord Insuretech Group AB (publ) operates a digital platform that allows partners to sell various insurance products in Norway. Its platform operates as an intermediary that delivers digital and white-label solutions to consumers. The company was formerly known as Hudya AB (publ) and changed its name to Nord Insuretech Group AB (publ) in January 2021. Nord Insuretech Group AB (publ) was incorporated in 2016 and is headquartered in Stockholm, Sweden.

Recent NORDIG News & Updates

New Risk • Oct 17

New major risk - Market cap size

The company's market capitalization is less than US$10m. Market cap: kr97.3m (US$9.23m) 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 Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m (kr7.8m revenue, or US$739k). Market cap is less than US$10m (kr97.3m market cap, or US$9.23m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).

Recent updates

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About NORDIG

Recent NORDIG News & Updates

Here's Why Nord Insuretech Group (NGM:NORDIG) Can Afford Some Debt

New major risk - Market cap size

New minor risk - Financial data availability

Recent updates

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