Live News • Jul 01
Digitalist Group Revises Convertible Bond Terms With Major Shareholders Affecting Future Control Digitalist Group has agreed with its largest shareholder Turret Oy Ab and second largest shareholder Holdix Oy Ab to amend the terms of multiple equity-linked convertible bond series (including 2021/1–4, 2022/1, and 2025/1–3), changing conversion rights in a way that may affect future ownership percentages.
The changes directly involve instruments subscribed by the two largest shareholders, so any future conversions could concentrate or shift control within Digitalist Group, depending on how and when those rights are exercised.
Digitalist Group shares last traded at €1.95, with the stock down 13.2% year to date.
These revised bond terms put the company’s capital structure and shareholder balance in sharper focus, and the main question is how potential future conversions could reshape voting power and dilution for existing holders. Announcement • Jun 18
Digitalist Group Plc Revises Earnings Guidance for the Year 2026 Digitalist Group Plc revised earnings guidance for the year 2026. The company decreased its earlier guidance regarding future prospects. The new guidance is: In 2026, it is expected that turnover will decrease in comparison with 2025. The previous guidance of the company was: In 2026, it is expected that turnover will improve in comparison with 2025. The development of turnover in the first half of the year has been weaker than expected and summer is typically a challenging period. The company see challenges in the development of turnover for the remaining part of the year, and thus the company expects that the turnover will remain below the previous year's level. Reported Earnings • Mar 02
Full year 2025 earnings released: €1.67 loss per share (vs €1.72 loss in FY 2024) Full year 2025 results: €1.67 loss per share (improved from €1.72 loss in FY 2024). Revenue: €16.6m (up 2.5% from FY 2024). Net loss: €4.57m (loss narrowed 2.9% from FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Feb 27
Digitalist Group Plc Provides Earnings Guidance for the Year 2026 Digitalist Group Plc provided earnings guidance for the year 2026. In 2026, it is expected that turnover will improve in comparison with 2025. Recent Insider Transactions • Feb 03
Vice-Chairman of the Board recently sold €65k worth of stock On the 26th of January, Wilhelm Rosenlew sold around 18k shares on-market at roughly €3.61 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €121k. Wilhelm has been a net seller over the last 12 months, reducing personal holdings by €422k. Recent Insider Transactions • Jan 19
Vice-Chairman of the Board recently sold €57k worth of stock On the 12th of January, Wilhelm Rosenlew sold around 32k shares on-market at roughly €1.74 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Wilhelm has been a net seller over the last 12 months, reducing personal holdings by €168k. New Risk • Nov 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.60m (US$9.97m) 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 (-€1.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€39m). Market cap is less than US$10m (€8.60m market cap, or US$9.97m). Reported Earnings • Aug 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €4.59m (up 14% from 2Q 2024). Net loss: €993.0k (loss narrowed 30% from 2Q 2024). Reported Earnings • Apr 02
Full year 2024 earnings released: €0.007 loss per share (vs €0.006 loss in FY 2023) Full year 2024 results: €0.007 loss per share (further deteriorated from €0.006 loss in FY 2023). Revenue: €16.2m (down 3.2% from FY 2023). Net loss: €4.71m (loss widened 17% from FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
Full year 2024 earnings released: €0.01 loss per share (vs €0.006 loss in FY 2023) Full year 2024 results: €0.01 loss per share (further deteriorated from €0.006 loss in FY 2023). Revenue: €16.2m (down 2.9% from FY 2023). Net loss: €4.71m (loss widened 17% from FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Dec 22
Digitalist Group Plc, Annual General Meeting, Apr 29, 2025 Digitalist Group Plc, Annual General Meeting, Apr 29, 2025. New Risk • Dec 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.46m (US$9.96m) 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 (-€2.6m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€35m). Market cap is less than US$10m (€9.46m market cap, or US$9.96m). Announcement • Oct 18
Digitalist Group Plc Revises Earnings Guidance for the Year 2024 Digitalist Group Plc revised earnings guidance for the year 2024. The company decreased its earlier guidance regarding future prospects. The new guidance is: In 2024, turnover is expected to decrease in comparison with 2023. The previous guidance of the company was: In 2024, it is expected that turnover will maintain its current level in comparison with 2023. New Risk • Sep 09
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 Finnish stocks, typically moving 5.5% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€2.6m free cash flow). Negative equity (-€35m). Market cap is less than US$10m (€5.90m market cap, or US$6.51m). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). Reported Earnings • Sep 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €4.03m (down 6.6% from 2Q 2023). Net loss: €1.41m (loss widened 17% from 2Q 2023). Announcement • Aug 30
Digitalist Group Plc Provides Earnings Guidance for the Year 2024 Digitalist Group Plc provided earnings guidance for the year 2024. For the year, it is expected that turnover will maintain its current level. Announcement • Apr 27
Digitalist Group plc Provides Turnover Guidance for the Full Year 2024 Digitalist Group Plc provided turnover guidance for the full year 2024. for the year, the company expects that turnover will maintain its current level. Reported Earnings • Apr 03
Full year 2023 earnings released: €0.006 loss per share (vs €0.01 loss in FY 2022) Full year 2023 results: €0.006 loss per share (improved from €0.01 loss in FY 2022). Revenue: €16.7m (down 11% from FY 2022). Net loss: €4.04m (loss narrowed 38% from FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. New Risk • Mar 13
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 Finnish stocks, typically moving 5.8% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€2.3m free cash flow). Negative equity (-€32m). Market cap is less than US$10m (€8.09m market cap, or US$8.86m). Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). New Risk • Mar 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.50m (US$9.29m) 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 (-€2.3m free cash flow). Negative equity (-€32m). Market cap is less than US$10m (€8.50m market cap, or US$9.29m). Reported Earnings • Mar 03
Full year 2023 earnings released Full year 2023 results: Revenue: €17.4m (down 6.6% from FY 2022). Net loss: €3.30m (loss narrowed 49% from FY 2022). Reported Earnings • Aug 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €4.35m (down 17% from 2Q 2022). Net loss: €1.20m (loss narrowed 30% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jul 06
Turret Oy Ab signed a share purchase agreement to acquire FutureLab & Partners AB from Digitalist Group Plc (HLSE:DIGIGR) for €1.2 million. Turret Oy Ab signed a share purchase agreement to acquire FutureLab & Partners AB from Digitalist Group Plc (HLSE:DIGIGR) for €1.2 million on July 4, 2023. The consideration paid in cash. Announcement • Jul 04
Digitalist Group Plc Revises Earnings Guidance for the Year 2023 Digitalist Group Plc revised earnings guidance for the year 2023. In spite of the positive revenue impact of OC Transaction, the revenue impact of selling FutureLab and downgrading expectations regarding its operations in Canada jointly result in changing its guidance regarding the turnover. The profitability guidance will remain as is. The new guidance is: In 2023, turnover is expected to decrease in comparison with 2022. The previous guidance of the company was: In 2023, turnover is expected to improve in comparison with 2022. Announcement • May 12
Digitalist Group Plc has signed a letter of intent to acquire 70% stake in Open Communications International Ab from David Gray Communications Ab for a total consideration of SEK 5.5 million. Digitalist Group Plc has signed a letter of intent to acquire 70% stake in Open Communications International Ab from David Gray Communications Ab for a total consideration of SEK 5.5 million on May 10, 2023. The consideration is approximately half paid in cash and, the other half by a issuing a maximum of 12 million new Digitalist Group shares to be directed to DGC, following a share purchase agreement to be agreed upon between the parties. Open Communications International Ab turnover in 2022 was around SEK 14 million and with an EBITDA of around SEK 1.4 million. The Transaction is subject to customary due diligence processes and the acceptance of final terms and conditions. The objective is to sign the final agreement for the Transaction by the end of June 2023. Reported Earnings • Mar 04
Full year 2022 earnings released: €0.01 loss per share (vs €0.009 loss in FY 2021) Full year 2022 results: €0.01 loss per share (further deteriorated from €0.009 loss in FY 2021). Revenue: €18.8m (up 1.9% from FY 2021). Net loss: €6.53m (loss widened 13% from FY 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Chairman Esa Matikainen was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Digitalist Group Plc Revises Earnings Guidance for the Year 2022 Digitalist Group Plc revised earnings guidance for the year 2022. The new guidance is: In 2022, turnover is expected to improve; The previous guidance of the company was: In 2022, turnover is expected to improve. Announcement • Sep 23
Digitalist Group Plc Updates Financial Guidance for the Year 2022 Digitalist Group Plc updated financial guidance for the year 2022. The new guidance is: In 2022, turnover is expected to improve in comparison with 2021. The previous guidance of the company was: In 2022, turnover is expected to improve in comparison with 2021. Reported Earnings • Aug 29
Second quarter 2022 earnings released: €0.003 loss per share (vs €0.008 loss in 2Q 2021) Second quarter 2022 results: €0.003 loss per share (up from €0.008 loss in 2Q 2021). Revenue: €5.26m (up 10.0% from 2Q 2021). Net loss: €1.72m (loss narrowed 37% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jun 01
Digitalist Group plc Announces CFO Changes Digitalist Group Plc and its Chief Financial Officer Mervi Södö have agreed that the CFO will leave the Company as of May 31, 2022. Mervi Södö has been working for the Company since 2017, as interim CFO and member of the Management Team since January 17th 2020, and as the CFO since 26th August 2020. For the time being, the Company’s CEO is also responsible for performing the duties of the CFO. The Company has taken the necessary measures to organize its financial administration so that the Company can, among other things, fulfill its obligation to provide the market with timely, reliable, accurate and up-to-date information. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Chairman Esa Matikainen was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 27
Digitalist Group plc Announces Audit Committee Changes Digitalist Group Plc at it's AGM approved that Esa Matikainen was elected as a chairman and Peter Eriksson and Maria Olofsson as members of the Audit Committee. Reported Earnings • Apr 06
Full year 2021 earnings released: €0.009 loss per share (vs €0.018 loss in FY 2020) Full year 2021 results: €0.009 loss per share (up from €0.018 loss in FY 2020). Revenue: €19.8m (down 3.5% from FY 2020). Net loss: €5.80m (loss narrowed 51% from FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: €0.01 loss per share (up from €0.018 loss in FY 2020). Revenue: €20.3m (flat on FY 2020). Net loss: €5.80m (loss narrowed 51% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Digitalist Group plc Provides Revenue Guidance for the Fiscal 2022 Digitalist Group Plc provided revenue guidance for the fiscal 2022. For the year, the company expects turnover to improve in comparison with 2021. Reported Earnings • Aug 28
Second quarter 2021 earnings released: €0.008 loss per share (vs €0.01 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €4.93m (up 4.1% from 2Q 2020). Net loss: €2.72m (loss narrowed 52% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Aug 28
Digitalist Group Plc Lowers Revenue Guidance for the Full Year of Fiscal 2021 Digitalist Group Plc lowered revenue guidance for the full year of fiscal 2021. For the year, the company's turnover is expected to decrease in comparison to 2020 and is expected be approximately at the same level as compared to 2020. The previous guidance of the company was, In 2021, turnover is expected to improve in comparison with 2020. Reported Earnings • Apr 05
Full year 2020 earnings released: €0.018 loss per share (vs €0.023 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: €20.5m (down 25% from FY 2019). Net loss: €11.8m (loss narrowed 19% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Reported Earnings • Feb 27
Full year 2020 earnings released: €0.02 loss per share (vs €0.023 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €22.3m (down 19% from FY 2019). Net loss: €11.8m (loss narrowed 19% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Dec 18
Three different unknown holding companies owned by managers of Digitalist Sweden AB agreed to acquire 30% stake in Digitalist Sweden Ab from Digitalist Group Plc (HLSE:DIGIGR) for EUR 1.6 million. Three different unknown holding companies owned by managers of Digitalist Sweden AB agreed to acquire 30% stake in Digitalist Sweden Ab from Digitalist Group Plc (HLSE:DIGIGR) for EUR 1.6 million on December 17, 2020. As per the transaction, 10% of the stock of Digitalist Sweden AB is sold to the three different unknown holding companies each. Under the terms, Out of the total aggregate consideration EUR 1.587 million, approximately EUR 0.314 million in cash (approximately EUR 0.099 - 0.116 million per holding company) and the rest of which will constitute debt to the Digitalist Sweden Ab. Each holding company will pay the Debt (approximately EUR 0.413 - 0.43 million) in one instalment no later than by December 4, 2030. The Debt will accrue an interest on market terms and the holding companies will pledge their acquired shares in Digitalist Sweden AB as security for the payment of the debt and interest to Digitalist Group Plc. The ownership of the Digitalist Sweden AB shares sold will be transferred to the holding companies on December 31, 2020. In connection with carrying out the transaction, Digitalist Group will acquire its own shares approximately for a total value of EUR 0.2146 million from two holding companies owned by different managers of Digitalist Sweden AB.