Announcement • Dec 17
Samesystem A/S Provides Earnings Guidance for the Year 2023-2024 Samesystem A/S provided earnings guidance for the year 2023-2024. The Revenue guidance for year 2023-2024 is maintained at 12%-15% year-on -year growth, corresponding to DKK 54.0 million to DKK 55.5 million. Reported Earnings • Sep 28
Third quarter 2023 earnings released: kr.0.01 loss per share (vs kr.0.12 loss in 3Q 2022) Third quarter 2023 results: kr.0.01 loss per share (improved from kr.0.12 loss in 3Q 2022). Revenue: kr.12.2m (up 9.9% from 3Q 2022). Net loss: kr.733.0k (loss narrowed 91% from 3Q 2022). Announcement • Sep 27
Samesystem A/S Provides Earnings Guidance for the Fiscal Year 2022/23 and Fiscal Year 2023/24 Samesystem A/S provided earnings guidance for the fiscal year 2022/23 and fiscal year 2023/24. For the fiscal year 2022/23, the company expects year-on-year revenue growth to be +10-15%, corresponding to DKK 47.3 million to DKK 49.4 million.For the fiscal year 2023/24, company expects year-on-year revenue growth to +12-15%. New Risk • Jul 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.86m (US$9.95m) 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 (-kr.26m free cash flow). Earnings have declined by 82% per year over the past 5 years. Market cap is less than US$10m (€8.86m market cap, or US$9.95m). Minor Risk Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Announcement • Jun 23
Samesystem A/S Downwards Revenue Guidance for the Fiscal Year2022-23 Samesystem A/S downward revenue guidance for the fiscal year2022-23. For the year, the one-off revenue adjustment in second quarter impacts the full-year revenue guidance of +15-20% with roughly 6% points, the revenue guidance is therefore downward adjusted to +10-15%. Reported Earnings • Mar 29
First quarter 2023 earnings released: kr.0.11 loss per share (vs kr.0.13 loss in 1Q 2022) First quarter 2023 results: kr.0.11 loss per share (improved from kr.0.13 loss in 1Q 2022). Revenue: kr.12.2m (up 28% from 1Q 2022). Net loss: kr.7.52m (loss narrowed 12% from 1Q 2022). Announcement • Feb 01
Samesystem A/S Appoints Christian Higraff as Member of the Board Samesystem A/S at its Annual General Meeting held on January 31, 2023 elected Christian Higraff as new member of the board. Announcement • Jan 27
Samesystem A/S Provides Earnings Guidance for the Fiscal Year 2022/2023 Samesystem A/S provided earnings guidance for the fiscal year 2022/2023. The company maintains 15% to 20% revenue year-on-year growth for fiscal year 2022/2023. Reported Earnings • Jan 20
Full year 2022 earnings released: kr.0.51 loss per share (vs kr.0.38 loss in FY 2021) Full year 2022 results: kr.0.51 loss per share (further deteriorated from kr.0.38 loss in FY 2021). Revenue: kr.43.0m (up 33% from FY 2021). Net loss: kr.34.8m (loss widened 57% from FY 2021). Announcement • Jan 18
SameSystem A/S Appoints Carsten Fensholt as CEO SameSystem A/S has signed an agreement with the current chairman of the board, Carsten Fensholt, to join SameSystem as the new CEO. Carsten has more than 30 years of experience in various positions in Danish and international companies like Mars, Sony and GN Resound. In addition, Carsten has several years of experience from Magasin du Nord and Flying Tiger Copenhagen, which are strong retailers and target customers for SameSystem. Carsten also has several years of IT experience as COO for KMD and Chairman for Progressive A/S. In addition, Carsten has been an advisor for several private equity companies focusing on Scandinavian IT companies and has also been an external advisor for Bain. Carsten has comprehensive management and operational experience and has worked with turnarounds for the last 20 years. In addition, Carsten has worked with many private equity funds and has been an investor in the companies he has been managing. Carsten holds a M.A. in Business Administration (Cand. Oecon) from Aarhus University. Carsten will join SameSystem as CEO when a new chairman of the board has been found and elected to replace Carsten at an extraordinary general assembly to be announced at a later date. The company expects the extraordinary general assembly to take place no later than the 1st of April. Announcement • Jan 17
Samesystem A/S Maintains Earnings Guidance for the Year Ending September 30, 2023 Samesystem A/S maintained earnings guidance for the year ending September 30, 2023. For the year, the revenue guidance is maintained at 15-20% year-on-year growth, corresponding to DKK 49.4 million to DKK 51.6 million. Board Change • Jan 13
No independent directors There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Tommy Holte 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 • Dec 22
Samesystem Provides Earnings Guidance for the Fiscal Year 2023 Samesystem provides earnings guidance for the fiscal year 2023. The company expects revenue to be +15%-20% growth. Board Change • Nov 24
No independent directors There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Tommy Holte 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 27
Samesystem A/S Appoints Thomas Sølvsten as CFO SameSystem A/S has hired Thomas Sølvsten as new CFO. Thomas has the last five years worked as Finance Director and Finance Manager at Husqvarna Group, and before that, as Nordic Head of Business Reporting & Controlling at Eniro for five years. Thomas has a Graduate Diploma in Business Administration from School of Business and Social Sciences, Aarhus University. Thomas will join SameSystem no later than the 1st of February 2023. Former CFO Robert Kaminski will continue as a part-time external consultant until Thomas joins SameSystem. Reported Earnings • Sep 20
Third quarter 2022 earnings released: kr.0.12 loss per share (vs kr.0.15 loss in 3Q 2021) Third quarter 2022 results: kr.0.12 loss per share (improved from kr.0.15 loss in 3Q 2021). Revenue: kr.11.1m (up 28% from 3Q 2021). Net loss: kr.7.94m (loss narrowed 14% from 3Q 2021). Announcement • Sep 20
Samesystem A/S Provides Revenue Guidance for the Fiscal Year 2022/23 Samesystem A/S provided revenue guidance for the fiscal year 2022/23. For the year, the company expected ARR to be +20-25% (year-on-year growth), corresponding to DKK 66 million - DKK 68.8 million. Announcement • Sep 19
Samesystem A/S Updates Earnings Outlook for the Year 2021-22 Samesystem A/S updated earnings outlook for the year 2021-22. For the period, the company downgraded ARR Outlook from DKK 59.5 million to DKK 55 million. Board Change • Sep 02
No independent directors There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Tommy Holte 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 • Aug 27
Samesystem A/S Announces Board Appointments Samesystem A/S at Extraordinary Annual General Meeting on August 26, 2022, the company announced that Carsten Fensholt, Lars Mathiesen and Tommy Holte were elected as members of the board. In continuation of the general meeting, the board of directors constituted itself with Carsten Fensholt as chairman of the board of directors. Announcement • Aug 26
Samesystem A/S Appoinst Tommy Holte for the Board of Directors Samesystem A/S announced that at the EGM was held on 26 August 2022, the company approved the appointment of Tommy Holte for the board of directors. Tommy has more than 25 years of experience in the textile industry and has been working for SAND, Magasin du Nord, Imitz, and has for the past 14 years been CEO and partner in NN07, which has more than 500 premium retailers internationally. Tommy has both management and operations experience and excels in working with growth cases. Tommy holds a Graduate Diploma in Business Administration. Reported Earnings • Jul 02
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr.10.7m (up 38% from 2Q 2021). Net loss: kr.8.54m (loss widened 118% from 2Q 2021). Announcement • Jun 23
Samesystem A/S Announces Resignation Agreement of Robert Kaminski with Chief Financial Officer SameSystem A/S advises that the Chief Financial Officer, Robert Kaminski, to pursue new career opportunities and has entered into a resignation agreement. The search for a successor is initiated, and Robert Kaminski will continue to support the board of directors and the company while a replacement is being found. His last working day will be 30.09.2022. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Thomas Bo Porta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr.9.50m (up 27% from 1Q 2021). Net loss: kr.8.52m (loss widened 358% from 1Q 2021). Board Change • Mar 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Thomas Bo Porta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 25
Samesystem A/S Provides Revenue Guidance for Year Ended 30 September 2022 SameSystem A/S announced that ARR guidance for the fiscal year ending 30 September 2022 remains unchanged at DKK 59.5 million. Announcement • Feb 01
Samesystem A/S Elects Signe Trock Hilstrøm as New Member of the Board Samesystem A/S approved to elect Signe Trock Hilstrøm as new member of the board at its Annual General Meeting held on January 31, 2022. Reported Earnings • Jan 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr.0.38 loss per share (down from kr.0.063 profit in FY 2020). Revenue: kr.32.4m (up 7.3% from FY 2020). Net loss: kr.22.2m (down kr.25.4m from profit in FY 2020). Revenue was in line with analyst estimates. Announcement • Dec 30
Samesystem A/S Provides ARR Guidance for the Fiscal Year Ending September 30, 2022 Samesystem A/S provided ARR guidance for the fiscal year ending September 30, 2022. The ARR guidance for the fiscal year ending September 30, 2022, remains unchanged at DKK 59.5 million. Board Change • Sep 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Thomas Bo Porta is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.