Announcement • Oct 24
TagMaster AB (publ), Annual General Meeting, Apr 27, 2026 TagMaster AB (publ), Annual General Meeting, Apr 27, 2026. Location: at kronborgsgrand 11, konferensrum nobel 164 46, kista Sweden Announcement • Feb 06
TagMaster AB (publ), Annual General Meeting, Apr 24, 2025 TagMaster AB (publ), Annual General Meeting, Apr 24, 2025. Location: kista Sweden Announcement • Nov 29
TagMaster AB (publ) (OM:TAGM B) acquired 92.50% stake in Quercus Technologies, S.L for €7 million. TagMaster AB (publ) (OM:TAGM B) acquired 92.50% stake in Quercus Technologies, S.L for €7 million on November 28, 2024. The purchase price upon close of the transaction is €5.5 million. In addition, a deferred purchase price of approx. €0.45 million will be paid in 2028. Finally, a performance-based additional payment of a maximum of €1 million will be paid in 2028 conditional on improved sales. For the period ended September 30, 2024, Quercus Technologies, S.L reported a revenue of €7 million. The acquisition is an all-cash transaction funded by cash at hand and a new bank debt facility of €4 million.
TagMaster AB (publ) (OM:TAGM B) completed the acquisition of 92.50% stake in Quercus Technologies, S.L on November 28, 2024. Reported Earnings • Oct 24
Third quarter 2024 earnings released: kr0.51 loss per share (vs kr0.015 profit in 3Q 2023) Third quarter 2024 results: kr0.51 loss per share (down from kr0.015 profit in 3Q 2023). Revenue: kr85.3m (down 1.8% from 3Q 2023). Net loss: kr7.48m (down kr7.70m from profit in 3Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr0.08 (vs kr0.43 in 2Q 2023) Second quarter 2024 results: EPS: kr0.08 (down from kr0.43 in 2Q 2023). Revenue: kr102.9m (up 4.8% from 2Q 2023). Net income: kr1.17m (down 81% from 2Q 2023). Profit margin: 1.1% (down from 6.4% in 2Q 2023). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.47, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Communications industry in Europe. Total loss to shareholders of 55% over the past three years. Reported Earnings • Apr 26
First quarter 2024 earnings released: kr0.21 loss per share (vs kr0.024 profit in 1Q 2023) First quarter 2024 results: kr0.21 loss per share (down from kr0.024 profit in 1Q 2023). Revenue: kr99.3m (up 5.2% from 1Q 2023). Net loss: kr3.10m (down kr3.45m from profit in 1Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 03
Full year 2023 earnings released: EPS: kr0.93 (vs kr1.65 in FY 2022) Full year 2023 results: EPS: kr0.93 (down from kr1.65 in FY 2022). Revenue: kr404.7m (up 12% from FY 2022). Net income: kr13.7m (down 43% from FY 2022). Profit margin: 3.4% (down from 6.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 02
TagMaster AB (publ) to Report Fiscal Year 2023 Final Results on Mar 27, 2024 TagMaster AB (publ) announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on Mar 27, 2024 Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.71, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Communications industry in Europe. Total returns to shareholders of 37% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: kr0.01 (vs kr0.31 loss in 3Q 2022) Third quarter 2023 results: EPS: kr0.01 (up from kr0.31 loss in 3Q 2022). Revenue: kr87.6m (up 1.3% from 3Q 2022). Net income: kr219.0k (up kr4.74m from 3Q 2022). Profit margin: 0.2% (up from net loss in 3Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
TagMaster AB (publ) to Report Fiscal Year 2024 Results on Feb 05, 2025 TagMaster AB (publ) announced that they will report fiscal year 2024 results on Feb 05, 2025 Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €1.67, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Communications industry in Europe. Total returns to shareholders of 31% over the past three years. New Risk • Jul 20
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 10% 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 (10% average weekly change). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€24.5m market cap, or US$27.2m). Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr0.43 (vs kr0.047 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.43 (up from kr0.047 loss in 2Q 2022). Revenue: kr99.4m (up 13% from 2Q 2022). Net income: kr6.26m (up kr6.95m from 2Q 2022). Profit margin: 6.3% (up from net loss in 2Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.13, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Communications industry in Europe. Total loss to shareholders of 12% over the past three years. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: kr0.02 (vs kr0.59 loss in 1Q 2022) First quarter 2023 results: EPS: kr0.02 (up from kr0.59 loss in 1Q 2022). Revenue: kr95.0m (up 20% from 1Q 2022). Net income: kr349.0k (up kr8.96m from 1Q 2022). Profit margin: 0.4% (up from net loss in 1Q 2022). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 06
Full year 2022 earnings released: EPS: kr1.65 (vs kr0.40 in FY 2021) Full year 2022 results: EPS: kr1.65 (up from kr0.40 in FY 2021). Revenue: kr362.1m (up 11% from FY 2021). Net income: kr24.2m (up 312% from FY 2021). Profit margin: 6.7% (up from 1.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Nov 16
TagMaster AB (publ) Announces Board Appointments In accordance with decision by the Annual General Meeting, TagMasters Nomination Committee shall consist of five members. The members should be one representative of each of the four largest shareholders in terms of voting rights that wish to participate in the committee, together with the chairman of the TagMaster Board. This year's Nomination Committee consists of the following members: Gert Sviberg (own and related company holdings, board member of TagMaster AB), Anders Bladh (related company holding), Tomas Brunberg (related company holdings), Didrik Hamilton (Hamilton/Lewenhaupt-spheres), Bernt Ingman (chairman of the TagMaster board) and Gert Sviberg has been appointed chairman of the Nomination Committee. Reported Earnings • Oct 30
Third quarter 2022 earnings released: kr0.31 loss per share (vs kr0.12 profit in 3Q 2021) Third quarter 2022 results: kr0.31 loss per share (down from kr0.12 profit in 3Q 2021). Revenue: kr87.3m (up 9.2% from 3Q 2021). Net loss: kr4.52m (down 369% from profit in 3Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 16
Second quarter 2022 earnings released: kr0.05 loss per share (vs kr0.27 profit in 2Q 2021) Second quarter 2022 results: kr0.05 loss per share (down from kr0.27 profit in 2Q 2021). Revenue: kr88.6m (flat on 2Q 2021). Net loss: kr692.0k (down 118% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 6.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • May 10
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Director Gert Sviberg is the most experienced director on the board, commencing their role in 2012. Independent Chairman of the Board Bernt Ingman was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Apr 29
First quarter 2022 earnings released: kr0.59 loss per share (vs kr0.31 profit in 1Q 2021) First quarter 2022 results: kr0.59 loss per share (down from kr0.31 profit in 1Q 2021). Revenue: kr81.2m (up 9.1% from 1Q 2021). Net loss: kr8.61m (down 292% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be kr2.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr0.40 (up from kr1.39 loss in FY 2020). Revenue: kr336.3m (up 16% from FY 2020). Net income: kr5.86m (up kr26.2m from FY 2020). Profit margin: 1.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS kr0.11 (vs kr0.23 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: kr80.7m (up 14% from 3Q 2020). Net income: kr1.68m (down 50% from 3Q 2020). Profit margin: 2.1% (down from 4.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr0.27 (vs kr0.85 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr88.9m (up 27% from 2Q 2020). Net income: kr3.96m (up kr16.4m from 2Q 2020). Profit margin: 4.5% (up from net loss in 2Q 2020). Reported Earnings • May 01
First quarter 2021 earnings released: EPS kr0.01 (vs kr0.024 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr74.4m (down 8.1% from 1Q 2020). Net income: kr4.48m (up kr13.2m from 1Q 2020). Profit margin: 6.0% (up from net loss in 1Q 2020). Announcement • Apr 29
TagMaster AB (publ) (OM:TAGM B) agreed to acquire Citilog S.A. from Axis Communications AB for approximately €3.4 million. TagMaster AB (publ) (OM:TAGM B) agreed to acquire Citilog S.A. from Axis Communications AB for approximately €3.4 million on April 28, 2021. The acquisition is an all-cash transaction on a debt and cash free basis and will be funded through a combination of new debt facilities and cash at hand. The purchase price will be paid in full on closing. Approximately SEK 28 million (€2,763,220) is secured in a new loan. Citilog reported sales for 2020 of approximately €5.8 million (mainly software) with an EBITDA of approximately – €0.6 million. TagMaster and Citilog will continue to cooperate with Axis as partners. The acquisition is expected to close by April 30th 2021. The combined entity will have enhanced scale and reach with 2020 proforma revenue and adjusted EBITDA of approx. SEK 345 million (€34,046,900) and SEK 20 million (€1,973,730) respectively. Cirio Advokatbyrå AB and DS Avvocati Santa Maria Tristano Ziccardi are legal advisers to TagMaster in connection with the acquisition. Announcement • Feb 18
TagMaster AB (Publ) Launches App for Easy Set Up of Traffic Surveys TagMaster AB (publ) has developed an app that makes it easy for traffic operators of various kinds to set up and conduct traffic surveys in various environments. The app called EasySetup can be downloaded free of charge from the Google Play Store. EasySetup enables users of TagMaster's traffic monitoring solutions to easily configure TagMaster's various products located in an area or city and quickly conduct traffic surveys. Announcement • Dec 23
Ribbskottet AB acquired additional unknown stake in TagMaster AB (publ) (OM:TAGM B). Ribbskottet AB acquired additional unknown stake in TagMaster AB (publ) (OM:TAGM B) on December 21, 2020. Ribbskottet AB now owns 27 million shares of TagMaster representing just under 7.4% stake.
Ribbskottet AB completed the acquisition of additional unknown stake in TagMaster AB (publ) (OM:TAGM B) on December 21, 2020. Announcement • Nov 25
TagMaster Launches New Family of Advanced ANPR-Cameras TagMaster launches the first camera in a new family of Automatic Number Plate Recognition (ANPR) cameras known as TagMaster CT. The new camera family is IP-based with in-house developed software that enables solutions based on AI and deep learning. The camera family is designed specifically for applications within Parking, Access/Security and ITS (Intelligent Transportation Systems). The first camera in the family - TagMaster CT45 - is launched initially in the UK, the Nordics and the US and later in 2021 also on the French market. TagMaster is also developing more cameras within the CT family that will be launched later in 2021. CT45 is an advanced ANPR camera, manufactured and assembled in Europe, with both hardware and software developed internally at TagMaster. The camera has a powerful OCR engine (Optical Character Recognition) which means that it has the fastest and most accurate algorithms for reading license plates and is at the same time very easy and quick to install. With software for AI (Artificial Intelligence) and deep learning, the camera offers solutions for automatic counting of vehicles going in and out of a parking lot, automated access for vehicles that are allowed to enter an area and barrier control, alarm management and ticketing integration. Using a Linux based Operating System ensures a stable and secure platform. CT45 is equipped with Power over Ethernet (PoE +), which means that mains power is not required and that it can be supplied with power via solar cells. Installation and setup of the camera is therefore possible anywhere. CT45 offers functionality such as a dual plate reading option, reading of front and rear plates on the same vehicle and the ability to cover wide lanes. The camera can also track direction of travel and reporting entry and exit, using a single camera and in addition data can be retrieved from the camera to be used for analysis purposes. Announcement • Nov 05
TagMaster Launches Radar Detector System for Bicycle and Pedestrians TagMaster, launches a radar detector system for directional counting of bicycles and pedestrians in urban environment. The system is the first intelligent bicycle and pedestrian detector on the market. The launch is another result of TagMaster's investment in solutions for so-called Active Travel, which contributes to the necessary transition to a more sustainable transport system. The new radar detector system is launched simultaneously in France and the UK and will help cities develop better solutions for bicycle traffic and pedestrians. The system is easy to implement as the detectors are mounted to existing street furniture with no in-ground sensors required. The system can be used for both temporary measurements and permanent for long-term measurements. The system allows responsible traffic authority to measure both the direction and frequency of bicycle traffic and pedestrians. The CityRadar unit can be powered by mains, solar or battery supply. It is equipped with a 4G modem for remote data collection and Bluetooth for localised wireless configuration and data collection via an app. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total losses of kr29.8m, with losses widening by 118% from the prior year. Total revenue was kr307.3m over the last 12 months, up 36% from the prior year. Announcement • Sep 22
TagMaster AB (publ) Launches Sensor Solution for Identifying Vacant Charging Points TagMaster AB (publ), launches a kit to be used with charging points for electric vehicles to streamline their use. TagMaster's sensor -based system identifies vacant charging points and pass on the information to drivers of electric vehicles via traffic management systems. Investments in the expansion of the infrastructure for charging points for electric vehicles are an important part of the ongoing restructuring of the transport sector. TagMaster's solution, which is sold to integrators or operators of charging point systems worldwide, consists of sensors that identify whether the charging pole is busy or not, a gateway to pass the information on and antennas to optimize the connection. This is a strategically important launch for TagMaster as it is an important contribution to the transition to electrification that is taking place with increasing force worldwide. The investments in an expansion of the infrastructure for charging points for electrical vehicles are massive. The support package of a total of EUR 750 billion that the EU put in place at the end of May included an investment in the restructuring of the transport sector where, among other things, EU funds will be involved in financing one million new charging points for electric vehicles. In France, President Macron has also set the goal of having 100,000 charging points in the country by the end of 2021. It is obvious that it is a market with strong growth. TagMasters sensor kit for charging points has been developed in France and is easy to install for charging point operators. The sensors are placed under the parking space itself and thus identify whether the charging point is occupied or not. The information is forwarded to a traffic management system, so that drivers of electric vehicles receive information about where there are vacant charging posts.