Board Change • May 21
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 Jacob Christfort was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 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. 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. 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. Reported Earnings • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: Net loss: kr15.5m (loss narrowed 7.1% from 3Q 2023). Revenue is forecast to grow 115% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. 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 • Aug 21
Second quarter 2024 earnings released Second quarter 2024 results: Net loss: kr22.3m (loss widened 22% from 2Q 2023). Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Reported Earnings • May 26
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. Board Change • Apr 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. 