Price Target Changed • Apr 27
Price target increased to €36.07 Up from €32.75, the current price target is an average from 4 analysts. New target price is 9.0% below last closing price of €39.65. The company is forecast to post earnings per share of €0.15 next year compared to a net loss per share of €0.99 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: €0.065 (up from €0.10 loss in 1Q 2021). Revenue: €38.9m (up 3.0% from 1Q 2021). Net income: €938.0k (up €2.42m from 1Q 2021). Profit margin: 2.4% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 6.6%, compared to a 25% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 22
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: €0.065 (up from €0.10 loss in 1Q 2021). Revenue: €38.9m (up 3.0% from 1Q 2021). Net income: €938.0k (up €2.42m from 1Q 2021). Profit margin: 2.4% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 7.0%, compared to a 26% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 20
Price target increased to €37.30 Up from €32.75, the current price target is an average from 4 analysts. New target price is 5.9% below last closing price of €39.65. The company is forecast to post earnings per share of €0.049 next year compared to a net loss per share of €0.99 last year. Price Target Changed • Feb 04
Price target decreased to €32.75 Down from €39.50, the current price target is an average from 4 analysts. New target price is 30% above last closing price of €25.10. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.21 next year compared to a net loss per share of €0.99 last year. Reported Earnings • Feb 04
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: €0.99 loss per share (down from €0.51 loss in FY 2020). Revenue: €153.2m (up 1.0% from FY 2020). Net loss: €14.2m (loss widened 94% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 6.5%, compared to a 28% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 20
Third quarter 2021 earnings released: €0.74 loss per share (vs €0.06 loss in 3Q 2020) The company reported a poor third quarter result with increased losses and weaker control over costs, although revenues were flat. Third quarter 2021 results: Revenue: €37.1m (flat on 3Q 2020). Net loss: €10.7m (loss widened €9.87m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 22
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 expected loss increased from -€0.34 to -€0.90 per share. Revenue forecast unchanged at €155.7m. Software industry in Finland expected to see average net income growth of 62% next year. Consensus price target broadly unchanged at €44.25. Share price fell 2.6% to €37.80 over the past week. Reported Earnings • Jul 17
Second quarter 2021 earnings released: €0.097 loss per share (vs €0.07 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €38.6m (up 2.1% from 2Q 2020). Net loss: €1.41m (loss widened 36% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Executive Departure • Jul 01
Chief Customer Officer Jussi Vasama has left the company On the 24th of June, Jussi Vasama's tenure as Chief Customer Officer ended after 4.1 years in the role. As of March 2021, Jussi still personally held 4.47k shares (€85k worth at the time). Jussi is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.17 years. Reported Earnings • Apr 21
First quarter 2021 earnings released: €0.10 loss per share (vs €0.25 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: €37.7m (down 1.3% from 1Q 2020). Net loss: €1.48m (loss narrowed 60% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 27
New 90-day low: €34.20 The company is down 11% from its price of €38.40 on 27 November 2020. The Finnish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.65 per share. Analyst Estimate Surprise Post Earnings • Feb 24
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.2%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 3.6%, compared to a 19% growth forecast for the Software industry in Finland. Reported Earnings • Feb 24
Full year 2020 earnings released: €0.51 loss per share (vs €1.63 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €151.6m (up 2.2% from FY 2019). Net loss: €7.33m (loss narrowed 69% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 11
New 90-day low: €37.55 The company is down 4.0% from its price of €39.20 on 12 November 2020. The Finnish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.76 per share. Major Estimate Revision • Feb 11
Analysts lower EPS estimates to -€0.30 The 2021 consensus revenue estimate was lowered from €165.3m to €157.0m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€0.19 to -€0.30 for the same period. The Software industry in Finland is expected to see an average net income growth of 24% next year. The consensus price target increased from €41.25 to €42.75. Share price is down by 11% to €37.55 over the past week. Reported Earnings • Feb 06
Full year 2020 earnings released: €0.51 loss per share (vs €1.63 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €151.6m (up 2.2% from FY 2019). Net loss: €7.33m (loss narrowed 69% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 06
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.2%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 6.9%, compared to a 18% growth forecast for the Software industry in Finland. Is New 90 Day High Low • Dec 28
New 90-day high: €41.25 The company is up 8.0% from its price of €38.25 on 29 September 2020. The Finnish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €61.41 per share. Major Estimate Revision • Oct 29
Analysts update estimates The company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -€0.55 to -€0.49. Revenue estimate was approximately flat at €152.0m. The Software industry in Finland is expected to see an average net income growth of 29% next year. The consensus price target increased from €37.75 to €40.75. Share price is down by 8.8% to €36.40 over the past week. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total losses of €9.53m, with losses narrowing by 60% from the prior year. Total revenue was €152.1m over the last 12 months, up 4.5% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue and earnings beat expectations Third-quarter revenue exceeded analyst estimates by 0.8% at €36.8m. Earnings per share (EPS) also surpassed analyst estimates by 36% at -€0.06. Revenue is forecast to grow 6.5% over the next year, compared to a 14% growth forecast for the Software industry in Finland. Price Target Changed • Oct 21
Price target raised to €39.25 Up from €36.50, the current price target is an average from 4 analysts. The new target price is close to the current share price of €39.90. As of last close, the stock is up 98% over the past year. Is New 90 Day High Low • Oct 15
New 90-day high: €38.80 The company is up 9.0% from its price of €35.75 on 17 July 2020. The Finnish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.67 per share. Is New 90 Day High Low • Sep 28
New 90-day high: €38.60 The company is up 29% from its price of €29.85 on 30 June 2020. The Finnish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.67 per share.