New Risk • Jun 25
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: -kr21m 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 (-kr21m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (€26.7m market cap, or US$30.4m). Announcement • Apr 02
Maven Wireless Sweden AB (Publ), Annual General Meeting, May 07, 2026 Maven Wireless Sweden AB (Publ), Annual General Meeting, May 07, 2026, at 16:00 W. Europe Standard Time. Location: nordic forum, torshamnsgatan 35 in kista., kista Sweden Announcement • Oct 07
Maven Wireless Sweden AB (Publ) has filed a Follow-on Equity Offering in the amount of SEK 9.996 million. Maven Wireless Sweden AB (Publ) has filed a Follow-on Equity Offering in the amount of SEK 9.996 million.
Security Name: Shares
Securities Offered: 600,000
Price\Range: SEK 8.33
Security Name: Shares
Security Type: Common Stock
Securities Offered: 600,000
Price\Range: SEK 8.33
Transaction Features: Subsequent Direct Listing Announcement • Oct 06
Maven Wireless Sweden AB (Publ) Appoints Anders Olin as Chief Executive Officer, Effective January 1, 2026 Maven Wireless Sweden AB has appointed Anders Olin as the new Chief Executive Officer. Anders Olin, who is currently the vice chairman of the group's board, will take up his position on January 1, 2026. Anders Olin has more than 25 years of experience from senior positions in the communications industry, including from Ericsson and Sinch, where he held various roles in Sweden, Europe and the USA. He has lived and worked abroad for a total of 17 years and most recently came from the role as CEO of Zeta Display. Fredrik Ekström, co-founder and outgoing CEO, will continue to contribute from his position on the board. Reported Earnings • Oct 19
Third quarter 2024 earnings released: kr0.092 loss per share (vs kr0.20 profit in 3Q 2023) Third quarter 2024 results: kr0.092 loss per share (down from kr0.20 profit in 3Q 2023). Revenue: kr41.2m (down 23% from 3Q 2023). Net loss: kr4.80m (down 146% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.05, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Communications industry in Europe. Total loss to shareholders of 36% over the past three years. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr0 (vs kr0.19 in 2Q 2023) Second quarter 2024 results: EPS: kr0 (down from kr0.19 in 2Q 2023). Revenue: kr59.7m (down 8.7% from 2Q 2023). Net income: kr17.0k (down 100% from 2Q 2023). Profit margin: 0% (down from 15% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 30% 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 113% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.16, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Communications industry in Europe. Total loss to shareholders of 9.2% over the past three years. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: kr0.12 (vs kr0.047 in 1Q 2023) First quarter 2024 results: EPS: kr0.12 (up from kr0.047 in 1Q 2023). Revenue: kr61.0m (up 49% from 1Q 2023). Net income: kr6.21m (up 154% from 1Q 2023). Profit margin: 10% (up from 6.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Announcement • Mar 24
Maven Wireless Sweden AB (Publ), Annual General Meeting, May 07, 2024 Maven Wireless Sweden AB (Publ), Annual General Meeting, May 07, 2024. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.47, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 21x in the Communications industry in Europe. Total returns to shareholders of 18% over the past year. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: kr0.70 (vs kr0.11 loss in FY 2022) Full year 2023 results: EPS: kr0.70 (up from kr0.11 loss in FY 2022). Revenue: kr256.2m (up 121% from FY 2022). Net income: kr36.5m (up kr42.2m from FY 2022). Profit margin: 14% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Recent Insider Transactions • Dec 15
Co-Founder recently sold €831k worth of stock On the 13th of December, Fredrik Ekstrom sold around 750k shares on-market at roughly €1.11 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Fredrik's only on-market trade for the last 12 months. New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (€63.5m market cap, or US$69.1m). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €1.08, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 20x in the Communications industry in Europe. Total loss to shareholders of 16% over the past year. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: kr0.20 (vs kr0.05 in 3Q 2022) Third quarter 2023 results: EPS: kr0.20 (up from kr0.05 in 3Q 2022). Revenue: kr53.3m (up 75% from 3Q 2022). Net income: kr10.5m (up 314% from 3Q 2022). Profit margin: 20% (up from 8.3% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Oct 28
Maven Wireless Sweden AB (Publ) to Report Fiscal Year 2023 Results on Feb 23, 2024 Maven Wireless Sweden AB (Publ) announced that they will report fiscal year 2023 results on Feb 23, 2024 Announcement • Oct 24
Maven Wireless Sweden AB (Publ) to Report Q3, 2023 Results on Oct 27, 2023 Maven Wireless Sweden AB (Publ) announced that they will report Q3, 2023 results at 8:00 AM, Central European Standard Time on Oct 27, 2023 Announcement • Oct 21
Maven Wireless Receives First Patent in India Maven Wireless has been granted a first patent in India. Maven Wireless offers a market leading digital DAS system for indoor and tunnel coverage world wide. The solutions are unique, future-proof and supports all relevant technologies from 2G to 5G as well as blue light services. The company has an active strategy for intellectual property rights, including patents, to protect its proprietary technology. Including the new granted patent, Maven Wireless possesses 70 patents worldwide and has additionally 9 patent applications pending. The new patent in India covers key elements on how the Distributed Antenna System (DAS) equipment automatically configure itself depending on external environment as well as how to make the DAS redundant and resilient. This patent supports and protects Maven Wireless' business globally. Announcement • Oct 17
Maven Wireless Sweden AB (Publ) Announces Board Appointments Maven Wireless Sweden AB (Publ) announced the nomination committee for the 2024 AGM has been appointed in accordance with the instruction for the nomination committee resolved by the AGM 2021. The committee shall consist of representatives appointed by the three largest shareholders and the chairman of the company. The nomination committee consists of Gunnar Malmström as the largest shareholder, Jonas Ahlberg, appointed by Fredrik Ekström, Karin Ebbinghaus, appointed by Göran Grosskopf and Anders Björkman, chairman of Maven Wireless. Gunnar Malmström was elected chairman of the committee. Announcement • Aug 23
Maven Wireless Sweden AB (publ) Appoints Erik Nilsson as Chief Sales Officer Maven Wireless Sweden AB (publ) announced that it has hired Erik Nilsson as the new Chief Sales Officer for the group. Erik was previously CEO at OptiMobile. He has extensive experience in leading sales roles in the telecom and DAS industry from, among others, MIC Nordic, JMA Wireless, iBwave, ADC, Andrew (now Commscope) and Ericsson. Furthermore, Erik has broad international experience through overseas postings in, for example, the USA, Brazil and Italy. Erik starts his employment on the first of September and will be responsible for the group's global sales and market organization, with a focus on continued profitable growth with both existing and new customers and new markets. The group's current VP of sales Pär Tjernström will reduce his working hours after the turn of the year as a first step towards retirement, but will remain in the group with a senior position in product management. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: kr0.19 (vs kr0.034 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.19 (up from kr0.034 loss in 2Q 2022). Revenue: kr65.4m (up 163% from 2Q 2022). Net income: kr9.68m (up kr11.4m from 2Q 2022). Profit margin: 15% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Announcement • Jul 26
Maven Wireless Sweden AB (Publ) to Report Q2, 2023 Results on Aug 15, 2023 Maven Wireless Sweden AB (Publ) announced that they will report Q2, 2023 results on Aug 15, 2023 Announcement • Jul 23
Maven Wireless Receives Fifth Patent in South Korea Maven Wireless has been granted one new patent in South Korea for the patent application "Real-valued passband data transport in DAS". Maven Wireless provides ground-breaking solutions in wireless coverage all over the world. The company offers a unique and comprehensive DAS system for indoor and tunnel coverage. The solutions are unique, future-proof and supports all relevant technologies from 2G to 5G as well as blue light services. The company has an active strategy for intellectual property rights, including patents, to protect its proprietary technology. Including the new granted patent, Maven Wireless possesses 69 patents worldwide and has additionally 10 patent applications pending. This new patent protects Maven Wireless digital DAS products and the way how the products transport data over the fibre network. This patent supports and protects Maven Wireless' business especially in the APAC region. Board Change • May 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Karin Edstrom was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: kr0.047 (vs kr0.094 loss in 1Q 2022) First quarter 2023 results: EPS: kr0.047 (up from kr0.094 loss in 1Q 2022). Revenue: kr41.1m (up 160% from 1Q 2022). Net income: kr2.45m (up kr7.23m from 1Q 2022). Profit margin: 6.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Reported Earnings • Feb 26
Full year 2022 earnings released: kr0.11 loss per share (vs kr0.24 loss in FY 2021) Full year 2022 results: kr0.11 loss per share (improved from kr0.24 loss in FY 2021). Revenue: kr115.8m (up 98% from FY 2021). Net loss: kr5.73m (loss narrowed 53% from FY 2021). Board Change • Feb 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Karin Edstrom was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Karin Edstrom was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 03
Maven Wireless Granted A Third Patent in South Korea Maven Wireless has been granted one new patent in South Korea. Maven Wireless provides ground-breaking solutions in wireless coverage all over the world. The company offers a unique and comprehensive DAS system for indoor and tunnel coverage. The solutions are unique, future-proof and supports all relevant technologies from 2G to 5G as well as blue light services. The company has an active strategy for intellectual property rights, including patents, to protect its proprietary technology. Including the new granted patent, Maven Wireless possesses 58 patents worldwide and has additionally 13 patent applications pending. The new patent in South Korea covers key elements on how the Distributed Antenna System (DAS) equipment automatically configure itself depending on external environment as well as how to make the DAS redundant and resilient. This patent supports and protects Maven Wireless' business globally. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: kr0.05 (vs kr0.10 loss in 3Q 2021) Third quarter 2022 results: EPS: kr0.05 (up from kr0.10 loss in 3Q 2021). Revenue: kr32.1m (up 168% from 3Q 2021). Net income: kr2.54m (up kr7.86m from 3Q 2021). Profit margin: 7.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Announcement • Sep 27
Maven Wireless Grants Fourth Patent in Japan Maven Wireless granted a fourth patent in Japan. Maven Wireless provides ground-breaking solutions in wireless coverage all over the world. The company offers a unique and comprehensive DAS system for indoor and tunnel coverage. The solutions are unique and future-proof and supports all relevant technologies from 2G to 5G as well as blue light services. The company has an active strategy for intellectual property rights, including patents, to protect its proprietary products. Including the new granted patent, Maven Wireless possesses 56 patents worldwide and has additionally 15 patent applications pending. The new patent in Japan covers key elements on how to distribute high speed data on the fronthaul fibre links to the radio remotes in a Distributed Antenna System (DAS). This patent support and protects Maven Wireless’ business globally. Reported Earnings • Aug 01
Second quarter 2022 earnings released: kr0.034 loss per share (vs kr0.082 loss in 2Q 2021) Second quarter 2022 results: kr0.034 loss per share (up from kr0.082 loss in 2Q 2021). Revenue: kr26.3m (up 63% from 2Q 2021). Net loss: kr1.71m (loss narrowed 58% from 2Q 2021). Announcement • Jul 19
Maven Wireless Granted A Third Patent in Japan Maven Wireless has been granted a third patent in Japan Maven Wireless provides ground-breaking solutions in wireless coverage all over the world. The company offers a unique and comprehensive DAS system for indoor and tunnel coverage. The solutions are unique and future-proof and supports all relevant technologies from 2G to 5G as well as blue light services. The company has an active strategy for intellectual property rights, including patents, to protect its proprietary products. Including the new granted patent, Maven Wireless possesses 55 patents worldwide and has additionally 16 patent applications pending. The new patent in Japan covers key elements on how to use carrier aggregation in a Distributed Antenna System (DAS). This patent support and protects Maven Wireless' business in the Asia and Pacific region. Announcement • Jun 10
Maven Wireless Sweden AB (publ) Receives O-RAN Patent for Multi-Operator DAS in China Maven Wireless Sweden AB (publ) has been granted a fifth patent in China for multi-operator O-RAN using DAS. The new patent in China covers key elements on how to provide multi-operator mobile coverage for Open Radio Access Network (O-RAN) systems using Distributed Antenna System (DAS). This patent strengthens and protects the company position for delivering its DAS for ORAN based coverage solutions. Reported Earnings • Mar 30
Full year 2021 earnings released Full year 2021 results: kr0.24 loss per share. Revenue: kr58.4m (down 5.1% from FY 2020). Net loss: kr12.1m (loss narrowed 40% from FY 2020). Announcement • Dec 23
Maven Wireless Grants Two New Patents Maven Wireless, has been granted one new patent from IP Australia and a first patent approval in South Korea. Maven Wireless provides solutions in wireless coverage all over the world. The company offers a unique and comprehensive DAS system for indoor and tunnel coverage. The solutions are unique and future-proof, and supports all relevant technologies from 2G to 5G as well as bluelight services. The company has an active strategy for intellectual property rights, including patents, to protect its proprietary products. Including the new granted patents, Maven Wireless possesses 48 patents worldwide and has additionally 24 patent applications pending. The new Australian patent covers key elements of multioperator ORAN-based systems. The first approved patent i South Korea covers how to attain signal dominance in a distributed antenna system (DAS). These two patents support and protects Maven Wireless’ business in the Asia and Pasific region. 
