Recent Insider Transactions • Jun 07
Chairman of the Board recently sold €190k worth of stock On the 3rd of June, Johan Qviberg sold around 192k shares on-market at roughly €0.99 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Johan has been a net seller over the last 12 months, reducing personal holdings by €151k. New Risk • Jun 07
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €190k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 61% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (€190k sold). Revenue is less than US$5m (kr16m revenue, or US$1.7m). Market cap is less than US$100m (€40.6m market cap, or US$46.8m). New Risk • May 27
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 German stocks, typically moving 22% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 61% per year over the past 5 years. Minor Risks Revenue is less than US$5m (kr16m revenue, or US$1.8m). Market cap is less than US$100m (€55.9m market cap, or US$65.0m). Board Change • May 20
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. 4 non-independent directors. Director Henrik Wennerholm 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 • Apr 02
Vidhance AB (publ) to Report Q4, 2026 Results on Feb 23, 2027 Vidhance AB (publ) announced that they will report Q4, 2026 results on Feb 23, 2027 Announcement • Jan 30
Vidhance AB (publ) Announces Departure of Thomas Sporrong as Sales Director Vidhance AB (publ) announced that Thomas Sporrong has resigned from his position as Sales Director. During his notice period, Mr. Sporrong will gradually transfer his responsibilities to existing staff members. Recent Insider Transactions • Aug 29
Chairman of the Board recently bought €32k worth of stock On the 26th of August, Johan Qviberg bought around 40k shares on-market at roughly €0.79 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Johan has been a buyer over the last 12 months, purchasing a net total of €75k worth in shares. Reported Earnings • Aug 25
Second quarter 2024 earnings released: kr1.18 loss per share (vs kr0.70 loss in 2Q 2023) Second quarter 2024 results: kr1.18 loss per share (further deteriorated from kr0.70 loss in 2Q 2023). Revenue: kr9.34m (down 48% from 2Q 2023). Net loss: kr5.38m (loss widened 69% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. New Risk • Jun 11
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 German stocks, typically moving 13% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (€4.84m market cap, or US$5.19m). Minor Risk Revenue is less than US$5m (kr50m revenue, or US$4.8m). Reported Earnings • May 23
First quarter 2024 earnings released: kr1.29 loss per share (vs kr0.88 loss in 1Q 2023) First quarter 2024 results: kr1.29 loss per share (further deteriorated from kr0.88 loss in 1Q 2023). Revenue: kr8.10m (down 51% from 1Q 2023). Net loss: kr5.90m (loss widened 47% from 1Q 2023). Revenue is expected to decline by 5.8% p.a. on average during the next 2 years, while revenues in the Software industry in Germany are expected to grow by 9.8%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Full year 2023 earnings released: kr1.92 loss per share (vs kr3.02 profit in FY 2022) Full year 2023 results: kr1.92 loss per share (down from kr3.02 profit in FY 2022). Revenue: kr60.2m (down 23% from FY 2022). Net loss: kr17.6m (down 227% from profit in FY 2022). Revenue is expected to decline by 16% p.a. on average during the next 2 years, while revenues in the Software industry in Germany are expected to grow by 9.3%. Reported Earnings • Nov 19
Third quarter 2023 earnings released: kr0.49 loss per share (vs kr0.47 profit in 3Q 2022) Third quarter 2023 results: kr0.49 loss per share (down from kr0.47 profit in 3Q 2022). Revenue: kr13.1m (down 32% from 3Q 2022). Net loss: kr4.48m (down 203% from profit in 3Q 2022). Revenue is expected to decline by 4.4% p.a. on average during the next 3 years, while revenues in the Software industry in Germany are expected to grow by 7.9%. Reported Earnings • Aug 20
Second quarter 2023 earnings released: kr0.35 loss per share (vs kr0.61 profit in 2Q 2022) Second quarter 2023 results: kr0.35 loss per share (down from kr0.61 profit in 2Q 2022). Revenue: kr18.5m (down 14% from 2Q 2022). Net loss: kr3.19m (down 158% from profit in 2Q 2022). Revenue is expected to decline by 9.7% p.a. on average during the next 3 years, while revenues in the Software industry in Germany are expected to grow by 7.1%. Announcement • Aug 19
IMINT Image Intelligence AB (publ.) to Report Q4, 2023 Results on Feb 27, 2024 IMINT Image Intelligence AB (publ.) announced that they will report Q4, 2023 results on Feb 27, 2024 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to €1.02, the stock trades at a trailing P/E ratio of 24x. Average forward P/E is 25x in the Software industry in Germany. Total loss to shareholders of 66% over the past year. Reported Earnings • May 21
First quarter 2023 earnings released: kr0.44 loss per share (vs kr0.56 profit in 1Q 2022) First quarter 2023 results: kr0.44 loss per share (down from kr0.56 profit in 1Q 2022). Revenue: kr16.6m (down 19% from 1Q 2022). Net loss: kr4.02m (down 179% from profit in 1Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in Germany. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.10, the stock trades at a trailing P/E ratio of 8.3x. Average forward P/E is 26x in the Software industry in Germany. Total loss to shareholders of 63% over the past year. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.43, the stock trades at a trailing P/E ratio of 12.4x. Average forward P/E is 28x in the Software industry in Germany. Total loss to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.38, the stock trades at a trailing P/E ratio of 10.9x. Average forward P/E is 26x in the Software industry in Germany. Total loss to shareholders of 58% over the past year. Reported Earnings • Feb 27
Full year 2022 earnings released: EPS: kr1.51 (vs kr2.23 in FY 2021) Full year 2022 results: EPS: kr1.51 (down from kr2.23 in FY 2021). Revenue: kr80.8m (up 7.5% from FY 2021). Net income: kr13.8m (down 31% from FY 2021). Profit margin: 17% (down from 27% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.3% p.a. on average during the next 2 years, while revenues in the Software industry in Germany are expected to grow by 7.8%. Recent Insider Transactions • Dec 07
Director recently sold €70k worth of stock On the 1st of December, Öjvind Norberg sold around 37k shares on-market at roughly €1.86 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €187k more than they bought in the last 12 months. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: kr0.47 (vs kr0.72 in 3Q 2021) Third quarter 2022 results: EPS: kr0.47 (down from kr0.72 in 3Q 2021). Revenue: kr20.4m (up 10% from 3Q 2021). Net income: kr4.34m (down 35% from 3Q 2021). Profit margin: 21% (down from 36% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Board Change • Nov 16
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 Jonas Fridh 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. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 18% share price gain to €2.41, the stock trades at a trailing P/E ratio of 10.6x. Average forward P/E is 17x in the Software industry in Germany. Total loss to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.34, the stock trades at a trailing P/E ratio of 9.8x. Average forward P/E is 20x in the Software industry in Germany. Total loss to shareholders of 64% over the past year. Reported Earnings • Aug 22
Second quarter 2022 earnings released: EPS: kr0.61 (vs kr0.42 in 2Q 2021) Second quarter 2022 results: EPS: kr0.61 (up from kr0.42 in 2Q 2021). Revenue: kr22.6m (up 26% from 2Q 2021). Net income: kr5.55m (up 43% from 2Q 2021). Profit margin: 25% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.3% compared to a 7.8% growth forecast for the Software industry in Germany. Reported Earnings • May 20
First quarter 2022 earnings released: EPS: kr0.56 (vs kr0.45 in 1Q 2021) First quarter 2022 results: EPS: kr0.56 (up from kr0.45 in 1Q 2021). Revenue: kr20.8m (up 19% from 1Q 2021). Net income: kr5.10m (up 29% from 1Q 2021). Profit margin: 25% (up from 23% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 3.7% compared to a 13% growth forecast for the industry in Germany. 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. 5 non-independent directors. Director Öjvind Norberg was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 20% share price gain to €3.41, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 27x in the Software industry in Germany. Reported Earnings • Feb 22
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr2.20 (up from kr0.19 in FY 2020). Revenue: kr76.0m (up 28% from FY 2020). Net income: kr20.1m (up kr18.5m from FY 2020). Profit margin: 27% (up from 2.8% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 2.3%, compared to a 15% growth forecast for the industry in Germany. Buying Opportunity • Jan 22
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be kr5.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. The company has become profitable over the last year. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 16% share price gain to €6.90, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 30x in the Software industry in Germany. Recent Insider Transactions • Oct 17
Director recently sold €183k worth of stock On the 13th of October, Öjvind Norberg sold around 36k shares on-market at roughly €5.11 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €217k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €5.12, the stock trades at a trailing P/E ratio of 62.3x. Average forward P/E is 32x in the Software industry in Germany. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improved over the past week After last week's 27% share price gain to kr7.12, the stock trades at a trailing P/E ratio of 74.6x. Average forward P/E is 35x in the Software industry in Germany. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 28% share price gain to kr5.72, the stock trades at a trailing P/E ratio of 62.3x. Average forward P/E is 35x in the Software industry in Germany. Recent Insider Transactions • Jul 02
Director recently sold €105k worth of stock On the 29th of June, Öjvind Norberg sold around 25k shares on-market at roughly €4.21 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €76k more than they bought in the last 12 months. Recent Insider Transactions • May 18
Director recently bought €23k worth of stock On the 11th of May, Öjvind Norberg bought around 5k shares on-market at roughly €5.11 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €42k more in shares than they have sold in the last 12 months. Reported Earnings • May 13
First quarter 2021 earnings released: EPS kr0.45 (vs kr0.28 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr17.6m (up 49% from 1Q 2020). Net income: kr3.95m (up kr6.39m from 1Q 2020). Profit margin: 23% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue.