Announcement • Apr 17
Desert Control AS Appoints Dr. Michael Canady as Chief Science Officer, Effective April 27, 2026 Desert Control AS announced the appointment of Dr. Michael Canady as Chief Science Officer with an anticipated start date of April 27, 2026. Dr. Canady holds a PhD in Genetics from the University of California, Davis, and a Master of Science in Agronomy and Horticulture from Brigham Young University. His career spans pioneering roles at Bayer Crop Science, Cytozyme Laboratories, and Verdesian Life Sciences, where he led global breeding programs, international field research, and the development and commercialization of novel agricultural technologies. Throughout his career, he has authored several peer-reviewed articles that have been featured in plant genetic and biostimulant publications. Announcement • Feb 25
Desert Control AS Approves Board Elections Desert Control AS at its EGM held on February 25, 2026 elected Juli Jessen and Jacob Christfort as board members until the annual general meeting in 2027. Announcement • Feb 11
Desert Control AS Provides Earnings Guidance for the Year 2026 Desert Control AS provided earnings guidance for the year 2026. For the year, the company expects USD 2-3 million in revenues in 2026 based on current business as well as unprecedented trialing activity and sales pipelines. Announcement • Feb 04
Desert Control AS Appoints David Borah as Chief Financial Officer Desert Control AS announced the appointment of David Borah as Chief Financial Officer (CFO). The appointment adds extensive experience in corporate finance and capital markets to Desert Control's executive management team to support the company's continued growth and strategic development. Previously, Mr. Borah worked at Wellington Management, Newton Investment Management, and GW&K Investment Management. He holds an MBA from Cornell University and a Bachelor of Arts from Brown University and is a CFA charterholder. Board Change • Jan 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Chairman Lars Eismark was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 13
Desert Control Launches Almond Pilot with HR Farms in Fresno, California Desert Control (DSRT) has initiated a new Liquid Natural Clay (LNC) pilot with HR Farms, a respected commercial grower in Fresno, California. The pilot applies LNC to more than 2,000 almond trees to evaluate its potential to enhance water efficiency, improve soil structure, and strengthen yield performance in one of the world's most water-intensive crops. California produces approximately 80% of the world's almonds, spanning around 1.5 million acres and generating close to USD 10 billion annually. Almond cultivation requires about 9,000 m3 of water per hectare per year, contributing to more than USD 1 billion in annual irrigation costs. With most orchards already optimized through micro-irrigation systems, further performance gains increasingly depend on improved soil structure, higher water retention, and greater resilience to drought. The pilot launched this week will quantify LNC's performance under real-world commercial orchard conditions. Two varieties of almond trees will be monitored throughout the growing season to assess water consumption, soil moisture dynamics, nutrient uptake, and yield development. Announcement • Dec 04
Desert Control AS, Annual General Meeting, Jun 17, 2026 Desert Control AS, Annual General Meeting, Jun 17, 2026. Announcement • Sep 25
Desert Control AS has completed a Follow-on Equity Offering in the amount of NOK 74.999999 million. Desert Control AS has completed a Follow-on Equity Offering in the amount of NOK 74.999999 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,743,500
Price\Range: NOK 1.2347
Discount Per Security: NOK 0.12347
Transaction Features: Rights Offering Announcement • Aug 22
Desert Control AS has filed a Follow-on Equity Offering in the amount of NOK 75 million. Desert Control AS has filed a Follow-on Equity Offering in the amount of NOK 75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Rights Offering Announcement • Aug 16
Desert Control AS Provides Earnings Guidance for the Third Quarter 2025 Desert Control AS provided earnings guidance for the third quarter 2025. The significant application work completed in second quarter is expected to contribute to revenue in third quarter and beyond. Announcement • Jul 22
Desert Control as Withdraws Revenue Guidance for Full Year 2025 Desert Control AS withdrew Revenue Guidance for full year 2025. the company announced that Until the company has completed its analysis and implemented solutions to issues discovered, no additional, large-scale applications in the Golf segment are expected to be initiated in 2025 and the company is, therefore, withdrawing its previous 2025 revenue guidance. Announcement • Mar 31
Desert Control Solution Receives Approval for Major Water Conservation Incentive Programs in California Desert Control (DSRT) has received confirmation that its water conservation solution qualifies for incentive programs administered by the Metropolitan Water District of Southern California (MWD) and the Los Angeles Department of Water and Power (LADWP). This eligibility enables qualified clients--including golf courses, municipalities, and other large, irrigated properties--to receive significant financial incentives when implementing Desert Control's solution.Under these programs, eligible projects can receive rebates covering up to 50% of the total installed cost of Desert Control's solution, including materials, installation, engineering, and related services. Payouts are calculated based on verified water savings and can extend for up to 10 years, with partial incentive payments potentially available in advance at the utility's discretion Desert Control's technology is designed for large, irrigated properties such as golf courses, sports fields, parks, home-owner-association landscapes (HoA's), universities, and campuses. The solution improves soil's ability to retain moisture and nutrients, reducing irrigation demand while supporting healthier and more resilient turf and landscaping vegetation. Recent pilot programs in California demonstrate water savings from 25% to 60%, alongside improved turf quality, soil health, and operational efficiency.With the new program approvals, clients who meet the following criteria may be eligible for incentives: Located within the MWD service area, which includes LADWP and 25 other member agencies Operate large, irrigated landscapes with 3 years of water use data available Participate in baseline and post-installation monitoring, with adjustments for weather conditions Eligible project expenses include materials, third-party labor, irrigation system upgrades, and installation. For Desert Control, this eligibility opens up accelerated growth opportunities across key markets in California. With water costs rising and regulatory pressure mounting, the ability for clients to fund up to half their implementation costs through public incentive programs dramatically strengthens the company's commercial value proposition. These programs also open the door for performance-based financing models, enabling clients to fund Desert Control's solution through verified savings and rebates over time. Board Change • Mar 05
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Director Maryne Lemvik is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Jan 24
Desert Control AS to Report First Half, 2025 Results on Aug 27, 2025 Desert Control AS announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Jan 22
Desert Control AS, Annual General Meeting, Jun 10, 2025 Desert Control AS, Annual General Meeting, Jun 10, 2025. Board Change • Nov 29
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Director Maryne Lemvik is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Oct 16
Desert Control AS Announces Board Changes Desert Control AS announced the appointment of Lars R. Eismark as Executive Chairman of its Board of Directors following Knut Nesse's planned retirement. Mr. Eismark brings extensive experience in strategic consulting, corporate development, and guiding technology-driven innovation, marking a new chapter in Desert Control's journey as it advances its groundbreaking Liquid Natural Clay (LNC) technology. The appointment of Mr. Eismark follows a recruitment process initiated by the board in March 2024. After formally joining as a board member following the annual general meeting in June, he spent the past five months immersing himself in the Company's operations, engaging with key stakeholders, visiting customers and partners across the United States and the Middle East, and gaining a deep understanding of Desert Control's pioneering work in soil health and water conservation technologies. Mr. Eismark has held senior leadership roles in a wide range of industries, including strategy consulting as a Senior Partner at A.T. Kearney, Director roles at Andersen Consulting and Radiometer, and advisory and board positions in technology-driven and sustainability-focused organizations such as the World Wildlife Fund (WWF), Uhrenholt A/S, Twoday A/S, and well-reputed international PE firms. His expertise in guiding high-impact technology portfolios will be valuable as Desert Control continues to drive innovation of its LNC technology as a scalable soil-health platform. With a strong focus on the science behind soil regeneration and its holistic impact on biodiversity, Desert Control is positioned to lead the development of economically scalable soil and water conservation solutions for agriculture, landscaping, reforestation, and nature conservation initiatives. Knut Nesse, who has been the Chairman since 2018, leaves behind a legacy of guiding Desert Control through critical phases of its early development. Under his leadership, Desert Control transitioned from early-stage MVP technology to field-tested prototypes, successfully listed on Euronext Growth in 2021, and expanded its operations into the Middle East and North America. His contributions laid a solid foundation for Desert Control's success in the sustainable technology space. Reported Earnings • May 25
First quarter 2024 earnings released First quarter 2024 results: Net loss: kr7.59m (loss narrowed 61% from 1Q 2023). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Board Change • May 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director James Thomas was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 28
New major risk - Revenue and earnings growth Revenue has declined by 38% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Shares are highly illiquid. Revenue has declined by 38% over the past year. Revenue is less than US$1m (kr1.4m revenue, or US$131k). Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (€30.5m market cap, or US$33.1m). Board Change • Feb 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director James Thomas was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 16
Desert Control AS Announces Demise of Kristian P. Olesen, Board Member Desert Control AS informed that board member Kristian P. Olesen has passed away at age 75. The remaining board members will continue their term as elected until the annual general meeting in 2024, at which time the board composition will be dealt with in line with previous practice. Board Change • Dec 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Maryne Lemvik was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 18
Desert Control AS has completed a Follow-on Equity Offering in the amount of NOK 14.999999 million. Desert Control AS has completed a Follow-on Equity Offering in the amount of NOK 14.999999 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,222,222
Price\Range: NOK 6.75
Transaction Features: Rights Offering Reported Earnings • Aug 28
Second quarter 2023 earnings released: kr0.44 loss per share (vs kr0.41 loss in 2Q 2022) Second quarter 2023 results: kr0.44 loss per share (further deteriorated from kr0.41 loss in 2Q 2022). Net loss: kr18.2m (loss widened 8.6% from 2Q 2022). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Germany. Board Change • Aug 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Maryne Lemvik was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 24
Desert Control AS announced that it has received NOK 10 million in funding Desert Control AS announced a private placement of 1,000,000 common shares at an issue price of NOK 10 per share for the gross proceeds of NOK 10 million on August 24, 2023. The transaction included participation from H-EART. New Risk • Jul 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr100m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr100m free cash flow). Shares are highly illiquid. Revenue is less than US$1m (kr2.5m revenue, or US$233k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr39m net loss in 2 years). Market cap is less than US$100m (€27.2m market cap, or US$29.6m). Announcement • Jun 23
Mawarid Holding Investment LLC and Mawarid International Investment LLC entered into agreements to acquire mobile LNC production units of Desert Control AS (OB:DSRT). Mawarid Holding Investment LLC and Mawarid International Investment LLC entered into agreements to acquire mobile LNC production units of Desert Control AS (OB:DSRT) on June 22, 2023. In related transaction, Mawarid entered into agreements to acquire 49% stake in Mawarid Desert Control LLC from Desert Control and Further, Mawarid will acquire Desert Control Liquid Natural Clay Manufacturing (Sole Proprietorship) LLC. Completion of the agreements is subject to customary terms and conditions, including certain public authorizations, all of which are expected to be met. Announcement • Jun 21
Desert Control AS Announces CFO Changes Desert Control AS announced that Marianne Vika Bøe has tendered her resignation from her position as CFO in order to pursue opportunities outside of the Company. She will embark on her new endeavors in August, and Leonard Chaparian will take on the role of Interim CFO from 1. August 2023. Marianne Vika Bøe is expected to remain available to the company during a transition period following the effective date of her resignation. Leonard Chaparian is a State Certified Public Accountant, Partner, and CFO of Region Southwest at Aider and will take the role of interim CFO while the company continues to assess the CFO role in the management team. New Risk • Jun 13
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: kr86m Forecast net loss in 2 years: kr39m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m (kr2.5m revenue, or US$235k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr100m). Currently unprofitable and not forecast to become profitable over next 2 years (kr39m net loss in 2 years). Market cap is less than US$100m (€38.3m market cap, or US$41.4m). Breakeven Date Change • Jun 07
Forecast breakeven date moved forward to 2023 The 2 analysts covering Desert Control previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of kr1.52m in 2023. Earnings growth of 96% is required to achieve expected profit on schedule. Breakeven Date Change • Jun 01
Forecast breakeven date pushed back to 2025 The 2 analysts covering Desert Control previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 26% per year to 2024. The company is expected to make a profit of kr93.0m in 2025. Average annual earnings growth of 78% is required to achieve expected profit on schedule. Board Change • Apr 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Maryne Lemvik was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jan 31
Forecast to breakeven in 2024 The 2 analysts covering Desert Control expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr17.2m in 2024. Average annual earnings growth of 84% is required to achieve expected profit on schedule. Board Change • Jan 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Maryne Lemvik was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Nov 22
Forecast to breakeven in 2024 The 2 analysts covering Desert Control expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr17.2m in 2024. Average annual earnings growth of 76% is required to achieve expected profit on schedule. Board Change • Nov 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Maryne Lemvik was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 03
Desert Control AS Announces Commercial Adoption of LNC Has Started in the UAE Desert Control has developed a liquid natural clay (LNC) that restores soil and reduces water and fertilizer usage for agriculture and green landscapes by up to 50%. After launching the dedicated sales and distribution company for LNC in the United Arab Emirates, Mawarid Desert Control, commercial adoption is now starting in the UAE. The first commercial projects for implementation of LNC took place this week, starting with the in5 Tech garden in Dubai Internet City, a public park in Masdar City, Abu Dhabi, and a organic farm in Al Ain. in5 Tech, part of TECOM Group and Dubai Holding, was the first LNC pilot for landscaping in the UAE. Once again, the Dubai-based business incubator demonstrates leadership and action on the UN SDGs by becoming the first commercial adopter of Desert Control's adaptive climate-smart innovation. The in5 Tech Garden has an existing lawn area, and several species of shrubs, trees, palms, and vegetation. LNC application was completed for the entire property with techniques that combined manual spraying of the liquid and injection for trees with deeper root systems. The project scope aims to cut the water consumption for irrigation considerably while preserving fertile and healthy soil and plants in the landscaping area located in Internet City Dubai. Together, In5 Tech and Desert Control are proudly honoring efforts toward UN SDG 13 Climate Action and SDG 15 Life and Land. Masdar City became the 2nd adopter of LNC with its Pump Park, a public part with a mix of lawns, shrubs, and trees. The application of LNC was delivered through an existing subsurface drip irrigation system. Using existing irrigation systems to apply LNC demonstrates the easy and non-intrusive deployment of the water-saving innovation. Masdar City aims to be a commercially viable city offering the highest quality of life within the lowest environmental footprint. A private organic farm in Abu Dhabi is the UAE's first agricultural adopter of LNC. The farm targets significant water conservation for trees, shifting water resources to increase the sustainable production of various high-quality organic crops. Using less water can further decrease the leaching, washout, and loss of organic fertilizers and costly inputs. Initiatives to improve profitability and enable water resources to reach further are vital for adaptive desert farming. The application of LNC at the farm is done by combining manual spray, in-soil injection, and usage of existing drip irrigation systems. The three projects have undergone soil and vegetation studies before delivering a customized application of the LNC for optimal outcomes with measured water and fertilizer saving results to cultivate soil health and provide a higher quality of crops and healthier plants. Recent Insider Transactions • Jun 30
Co-founder & Director recently sold €435k worth of stock On the 29th of June, Brage Johansen sold around 150k shares on-market at roughly €2.90 per share. This was the largest sale by an insider in the last 3 months. Brage has been a seller over the last 12 months, reducing personal holdings by €540k. Announcement • Jun 10
Desert Control AS Announces Board Changes Desert Control AS at the AGM held on June 9, 2022 Arnfinn Matre resign as board member. Maryne Lemvik is elected as new board member with a an election period until the annual general meeting in 2023. Board Change • Jun 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 10
Desert Control Appoints Nancy Nusrally Carda as Head of Group Marketing and Communications, Effective June 2, 2022 Desert Control AS appointed Nancy Nusrally Carda to the position of Head of Group Marketing and Communications Nancy Nusrally Carda joins Desert Control on 2 June 2022 as Head of Group Marketing and Communications. Nancy has extensive experience in marketing, communications, media relations, brand awareness, positioning and outreach strategies, partnerships, exhibitions, events, and operational integration. Nancy joins from Expo 2020 Dubai, where she since 2015 served in Marketing and Communications, drove exposure of the Expo Live Programme and The Good Place by Expo Live as Pavilion Director. Nancy worked on the successful completion and closure of the first World Expo in the Middle East, North Africa, and South Asia region. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
Desert Control AS Announces Executive Appointments Desert Control AS (DSRT) announced the appointment of Charlie Granfelt as Chief Commercial Officer (CCO) and Ordin Husa as Chief Operations Officer (COO). Charlie Granfelt is an experienced international sales- and marketing executive. He joins on 1 July 2022, coming from Skretting, where he has held senior commercial leadership positions in Norway and France for over 12 years. Charlie started his career in Electrolux in Hong Kong at the end of the 1980s and has worked in global industrial companies such as Norske Skog/Alloc and Kverneland Group. Ordin Husa has extensive experience streamlining worldwide operations, designing and implementing effective processes, procedures, and strategies. He joins from RESMAN AS, an industry leader in wireless reservoir surveillance, serving as Chief Operating Officer. Ordin has previously held executive leadership positions in Siemens Subsea, Roxar Software Solutions, Roxar Flow Measurement, and Heli-One. He joins Desert Control on 1 July 2022. Announcement • Mar 28
Erling Rasmussen to Resign as Chief Financial Officer of Desert Control AS on September 30, 2022 Desert Control AS announced Erling Rasmussen as part of a mutual agreement will depart from the role of chief financial officer on September 30, 2022. The company has initiated a process to recruit a new CFO. Rasmussen joined as CFO in March 2020, and the company has since grown from 4 to more than 50 employees and transitioned from a privately held to a publicly listed company on the Euronext Growth index of the Oslo Stock Exchange. Board Change • Mar 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
