New Risk • May 04
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: -€2.4m 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 (-€2.4m free cash flow). Market cap is less than US$10m (€5.61m market cap, or US$6.57m). Reported Earnings • May 02
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: €0.07 loss per share (further deteriorated from €0.02 loss in 1Q 2025). Revenue: €11.2m (down 7.4% from 1Q 2025). Net loss: €1.44m (loss widened 211% from 1Q 2025). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 133%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 67% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.015 to -€0.025 per share. Revenue forecast unchanged at €46.3m. Software industry in Finland expected to see average net income growth of 22% next year. Consensus price target down from €0.44 to €0.40. Share price rose 4.8% to €0.35 over the past week. Announcement • Mar 26
Solteq Oyj Announces Board and Committee Changes Solteq Oyj announced that The Annual General Meeting resolved to elect 5 members to the Board of Directors. The Annual General Meeting resolved to elect the following members to the Board of Directors according to the proposal of the Shareholders' Nomination Committee: Markku Pietilä, Lotta Airas, Anni Sarvaranta, Mika Sutinen, and Esko Mertsalmi. In its organizing meeting after the Annual General Meeting, the Board of Directors elected Markku Pietilä as its chairman. Mika Sutinen, Anni Sarvaranta and Markku Pietilä were elected as members of the Audit Committee. Mika Sutinen acts as the Chairman of the Audit Committee. Reported Earnings • Feb 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: €0.07 loss per share (further deteriorated from €0.062 loss in FY 2024). Revenue: €47.0m (down 7.5% from FY 2024). Net loss: €1.37m (loss widened 13% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.7%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Feb 12
Solteq Oyj Provides Earnings Guidance for the Year 2026 Solteq Oyj provided earnings guidance for the year 2026. For the year, company expected Comparable revenue remains at the same level and comparable operating result improves clearly. New Risk • Jan 23
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 6.0% 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 Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€8.71m market cap, or US$10.2m). Announcement • Dec 19
Solteq Plc Announces Lotta Kopra and Markus Huttunen are Unavailable to Continue as Board Members Solteq Plc announced that of the current Board members, Lotta Kopra and Markus Huttunen have announced that they are unavailable to continue in their roles as Board members. New Risk • Nov 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.63m (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 Interest payments are not well covered by earnings (0.6x net interest cover). Market cap is less than US$10m (€8.63m market cap, or US$9.97m). Price Target Changed • Oct 30
Price target decreased by 14% to €0.54 Down from €0.63, the current price target is an average from 2 analysts. New target price is 12% above last closing price of €0.48. Stock is down 28% over the past year. The company is forecast to post a net loss per share of €0.02 next year compared to a net loss per share of €0.062 last year. Announcement • Sep 25
Solteq Oyj, Annual General Meeting, Mar 26, 2026 Solteq Oyj, Annual General Meeting, Mar 26, 2026. Reported Earnings • Aug 22
Second quarter 2025 earnings released: €0.001 loss per share (vs €0.03 loss in 2Q 2024) Second quarter 2025 results: €0.001 loss per share (improved from €0.03 loss in 2Q 2024). Revenue: €12.3m (down 7.9% from 2Q 2024). Net loss: €14.0k (loss narrowed 97% from 2Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Finland. 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 33% per year, which means it is performing significantly worse than earnings. New Risk • Jun 06
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 Finnish stocks, typically moving 8.5% 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 Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Market cap is less than US$100m (€12.9m market cap, or US$14.8m). Reported Earnings • May 02
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: €0.02 loss per share (improved from €0.04 loss in 1Q 2024). Revenue: €12.2m (down 10.0% from 1Q 2024). Net loss: €462.0k (loss narrowed 35% from 1Q 2024). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 41% per year. Board Change • Apr 19
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Markus Huttunen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 10
Consensus EPS estimates increase from loss to €0.00 profit The consensus outlook for fiscal year 2025 has been updated. Forecast profits in 2025 with EPS up from -€0.005 to €0.00 per share. Revenue forecast unchanged from last update at €48.7m. Software industry in Finland expected to see average net income growth of 30% next year. Consensus price target of €0.63 unchanged from last update. Share price fell 10% to €0.63 over the past week. Announcement • Mar 27
Solteq Plc Approves Board and Audit Committee Appointments Solteq Plc at its Annual General Meeting held on 27 March 2025, resolved to elect Lotta Kopra and Markus Huttunen as members to the Board of Directors. In its organizing meeting after the Annual General Meeting, announced Mika Sutinen, Lotta Kopra and Markku Pietilä were elected as members of the Audit Committee. Mika Sutinen acts as the Chairman of the Audit Committee. Reported Earnings • Feb 14
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: €0.06 loss per share (improved from €0.28 loss in FY 2023). Revenue: €52.2m (down 9.4% from FY 2023). Net loss: €1.21m (loss narrowed 78% from FY 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings have declined by 65% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.3% operating cash flow to total debt). Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (€11.9m market cap, or US$12.3m). Board Change • Jan 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Chairman of the Board Markku Pietilä is the most experienced director on the board, commencing their role in 2008. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 24
Solteq Oyj Announces Katarina Cantell and Panu Porkka Will Not Continue in their Roles as Board Members Solteq Oyj has announced that Katarina Cantell and Panu Porkka will not continue in their roles as Board members. Announcement • Nov 26
Solteq Plc's Announces Resignation of Jesper Boye as Executive Vice President of Retail & Commerce Segment Solteq Plc's announced resignation of Jesper Boye. He will leave his current duties as the head of the Retail & Commerce segment immediately, buthe will continue with the company until the end of 2024. The Board of Directors of Solteq Plc has assigned the interim leadership of the Retail & Commerce segment to the company's CFO, Mikko Sairanen. He will assume the new responsibilities immediately alongside his current duties. The company will commence the search for a new EVP for Retail & Commerce. Solteq Plc' Executive Team consists of the following members as of November 26, 2024: Aarne Aktan, CEO, EVP of the Utilities segment; Mikko Sairanen, CFO, Interim EVP of the Retail & Commerce segment; Oona Silén, VP of People and Culture; Christa Tavan, Director of Marketing and Communications. Announcement • Nov 07
Solteq Oyj to Report Fiscal Year 2024 Final Results on Mar 05, 2025 Solteq Oyj announced that they will report fiscal year 2024 final results on Mar 05, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: €0.03 loss per share (improved from €0.05 loss in 3Q 2023). Revenue: €11.4m (down 6.4% from 3Q 2023). Net loss: €591.0k (loss narrowed 39% from 3Q 2023). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Oct 23
Consensus EPS estimates fall by 29% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.035 to -€0.045 per share. Revenue forecast of €54.4m unchanged since last update. Software industry in Finland expected to see average net income growth of 43% next year. Consensus price target of €0.68 unchanged from last update. Share price was steady at €0.61 over the past week. Announcement • Oct 23
Solteq Oyj Revises Earnings Guidance for the Year 2024 Solteq Oyj revised earnings guidance for the year 2024. For the period, Company expects comparable revenue to diminish relative to the comparison period and operating result to be positive. The comparable revenue was EUR 54,183 thousand for the financial year 2023 compared to the previous earnings guidance of comparable revenue to grow and the operating result to be positive. The comparable revenue was EUR 54,183 thousand for the financial year 2023. Reported Earnings • Aug 23
Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint Second quarter 2024 results: €0.03 loss per share (down from €0.19 profit in 2Q 2023). Revenue: €13.4m (down 6.1% from 2Q 2023). Net loss: €506.0k (down 114% from profit in 2Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Price Target Changed • May 04
Price target decreased by 26% to €0.63 Down from €0.85, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €0.61. Stock is down 52% over the past year. The company posted a net loss per share of €0.28 last year. New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 45% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (€11.9m market cap, or US$12.8m). Reported Earnings • Apr 30
First quarter 2024 earnings released: €0.04 loss per share (vs €0.01 profit in 1Q 2023) First quarter 2024 results: €0.04 loss per share (down from €0.01 profit in 1Q 2023). Revenue: €13.6m (down 20% from 1Q 2023). Net loss: €705.0k (down 446% from profit in 1Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Announcement • Apr 03
Solteq Plc Announces Resignation of Jaakko Hirvensalo as EVP of Utilities and Member of the Executive Team Solteq Plc's EVP of Utilities and member of the Executive Team, Jaakko Hirvensalo, has announced his resignation. Hirvensalo will continue in his current position and as a member of the Executive Team until the end of April 2024. Jaakko Hirvensalo has been employed by the company since 2021, joining the company after the business transfer agreement between Partiture Oy and Solteq. Hirvensalo has served in his current role as the EVP of the Utilities segment and a member of Solteq Group's Executive Team since January 1, 2023. The company will start the process of finding a new EVP for Utilities at once. Announcement • Mar 27
Solteq plc Appoints Lotta Airas as Board of Directors Solteq PLC at its AGM held on 27 March 2024, approved appointment of Lotta Airas as Board of Directors. New Risk • Mar 11
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 5.7% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (€14.0m market cap, or US$15.3m). Announcement • Feb 24
Solteq Oyj to Report Fiscal Year 2023 Results on Mar 05, 2024 Solteq Oyj announced that they will report fiscal year 2023 results on Mar 05, 2024 Reported Earnings • Feb 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: €0.28 loss per share. Revenue: €66.0m (down 3.6% from FY 2022). Net loss: €5.38m (flat on FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Software industry in Finland are expected to grow by 13%. Announcement • Feb 16
Solteq Oyj Provides Revenue Guidance for the Year 2023 Solteq Oyj provided revenue guidance for the year 2023. For the period, the company expects the comparable revenue to grow and the operating result to be positive. The comparable revenue was EUR 54,183,000 for the financial year 2023. Major Estimate Revision • Feb 16
Consensus EPS estimates fall by 58% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.095 to €0.04 per share. Revenue forecast steady at €56.5m. Net income forecast to grow 98% next year vs 51% growth forecast for Software industry in Finland. Consensus price target down from €0.85 to €0.82. Share price fell 7.6% to €0.78 over the past week. Announcement • Feb 03
Solteq Plc's Announces Changes in Executive Team Solteq Oyj announced the composition of the Executive Team of company changes as of February 2, 2024. With the change, Kari Lehtosalo, the company's CFO and member of the Executive Team since 2019, will step down from his position by mutual agreement. The Board of Directors of Solteq Plc has appointed LL.M. Mikko Sairanen (b. 1985) as the company's new CFO. He will also continue in his role as the company's General Counsel. Solteq Plc' Executive Team consist of the following members from February 2, 2024, on: CEO Aarne Aktan; EVP of Solteq Retail & Commerce Jesper Boye; EVP of Solteq Utilities Jaakko Hirvensalo; CFO, General Counsel Mikko Sairanen; VP of People and Culture Oona Silén; Director of Marketing and Communications Christa Tavan. Announcement • Feb 02
Solteq Plc Announces CFO Changes Solteq plc announced that composition of the Executive Team of company changes as of February 2, 2024. With the change, Kari Lehtosalo, the company's CFO and member of the Executive Team since 2019, will step down from his position by mutual agreement. The Board of Directors of Solteq Plc has appointed LL.M. Mikko Sairanen (b. 1985) as the company's new CFO. He will also continue in his role as the company's General Counsel. Mikko Sairanen, stepping into his new role, has served as the General Counsel since 2014 and as a member of the current Executive Team. He is an experienced corporate law expert, and he has worked in the company since 2014. Price Target Changed • Jan 12
Price target decreased by 31% to €0.85 Down from €1.23, the current price target is an average from 2 analysts. New target price is 9.4% above last closing price of €0.78. Stock is down 41% over the past year. The company is forecast to post earnings per share of €0.085 next year compared to a net loss per share of €0.28 last year. Announcement • Dec 20
Solteq plc Updates Earnings Guidance for the Full Year 2023 Solteq Plc updated earnings guidance for the full year 2023. As a result of the write-off, the company updates its profit guidance for 2023: The companies revenue is expected to be EUR 57-59 million and operating result to be negative, excluding the one-time profit recognition of EUR 8 million on the sale of the Group's ERP business based on Microsoft BC and LS Retail solutions and the one-time EUR 6.3 million product development investment write-off. The previous profit guidance for 2023 was: Solteq's revenue is expected to be EUR 57-59 million and operating result to be negative, excluding the one-time profit recognition of EUR 8 million on the sale of the Group's ERP business based on Microsoft BC and LS Retail solutions. Announcement • Oct 12
Solteq Plc to Reduce the Number of Employees Working for the Utilities Software Business Solteq Plc has completed the change negotiations concerning the Utilities segment. The change negotiations were initiated on August 29, 2023, to improve the profitability and operational efficiency of the segment’s software business. The negotiations concerned the entire personnel of the Utilities software business. As a result of efficiency and cost savings measures to be implemented, the company estimates to achieve annual cost savings of approximately EUR 3.8 million in total. The majority of cost savings are expected to be realized for 2024. The efficiency and cost savings measures are not expected to affect the result of 2023 significantly. At the beginning of the negotiations, the company estimated that the potential measures, if implemented, could lead to a termination of employment of up to 40 people in Finland and changes in the terms of employment for the entire personnel under the negotiations. As a result of the negotiations, the number of employees working for the Utilities software business will reduce, at most, by 39 due to resignations and lay-offs. In addition, the company will implement cost savings and reduction measures in other group companies. With the renewed organizational structure and operational model, the company aims to create a foundation for a more agile and profitable Utilities business. The long-term target for the segment’s annual growth is a minimum of 15% for revenue and 18% for operating result margin. Price Target Changed • Sep 22
Price target decreased by 9.3% to €1.23 Down from €1.35, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €0.96. Stock is down 25% over the past year. The company is forecast to post earnings per share of €0.28 next year compared to a net loss per share of €0.28 last year. Announcement • Sep 20
Solteq Plc Revises Earnings Guidance for the Year 2023 Solteq Plc revised earnings guidance for the year 2023. For the year, the company lowers its profit guidance due to weaker financial performance than previously estimated in both segments. The guidance is lowered for the Group's revenue and operating result. The new profit guidance for 2023 is: revenue is expected to be EUR 57 million - EUR 59 million and operating result to be negative, excluding the one-time profit recognition of EUR 8 million on the sale of the Group's ERP business based on Microsoft BC and LS Retail solutions. The previous profit guidance for 2023 was: revenue is expected to be EUR 60 million - EUR 62 million and operating result to be slightly negative, excluding the one-time profit recognition of EUR 8 million on the sale of the Group's ERP business based on Microsoft BC and LS Retail solutions. Announcement • Sep 07
Solteq Oyj Appoints Members of Shareholders' Nomination Committee Solteq Oyj members of Shareholders’ Nomination Committee of Solteq Plc have been appointed. The Shareholders’ Nomination Committee of Solteq Plc consists of representatives of the four shareholders, registered on August 31, 2023. The following representatives have been nominated to the Shareholders’ Nomination Committee of Solteq Plc: Markku Pietilä, Chairman of the Board, nominated by Profiz Business Solution Oy (10.98% shares and votes); Jukka Vähäpesola, Head of Equities, nominated by Keskinäinen Työeläkevakuutusyhtiö Elo (10.31% shares and votes); Karoliina Lindroos, Head of Responsible Investment and Sustainability, nominated by Keskinäinen Eläkevakuutusyhtiö Ilmarinen (8.51% shares and votes); Hanna Kaskela, Senior Vice President of Sustainability & Communications, nominated by Keskinäinen työeläkevakuutusyhtiö Varma (7.97% shares and votes). The Nomination Committee prepares proposals regarding the election and remuneration of the members of the Board of Directors to the Annual General Meeting. The newly appointed Shareholders’ Nomination Committee submits its proposals to the Board of Directors no later than January 31, 2024. Announcement • Aug 23
Solteq Oyj Provides Earnings Guidance for the Year 2023 Solteq Oyj provided earnings guidance for the year 2023. For the period, Company expects revenue to be EUR 60 million to EUR 62 million and operating result to be slightly negative excluding the one-time profit recognition of EUR 8 million on the sale of the Group's ERP business based on Microsoft BC and LS Retail solutions. Reported Earnings • Aug 23
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: €0.19 (up from €0.005 loss in 2Q 2022). Revenue: €22.7m (up 26% from 2Q 2022). Net income: €3.67m (up €3.76m from 2Q 2022). Profit margin: 16% (up from net loss in 2Q 2022). Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • May 05
First quarter 2023 earnings: EPS exceeds analyst expectations First quarter 2023 results: EPS: €0.01 (down from €0.04 in 1Q 2022). Revenue: €16.9m (down 12% from 1Q 2022). Net income: €204.0k (down 74% from 1Q 2022). Profit margin: 1.2% (down from 4.1% in 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • May 05
Solteq Oyj Provides Earnings Guidance for the Full Year 2023 Solteq Oyj provided earnings guidance for the full year 2023. Revenue is expected to be EUR 60-62 million and operating result to be slightly negative excluding the one-time profit recognition of EUR 8 million on the sale of the Group's ERP business based on Microsoft BC and LS Retail solutions. Reported Earnings • Feb 17
Full year 2022 earnings released: €0.28 loss per share (vs €0.21 profit in FY 2021) Full year 2022 results: €0.28 loss per share (down from €0.21 profit in FY 2021). Revenue: €68.6m (flat on FY 2021). Net loss: €5.40m (down 232% from profit in FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 16
Solteq Oyj Provides Earnings Guidance for the Full Year 2023 Solteq Oyj provided earnings guidance for the full year 2023. For the period, the company expects revenue to remain on the same level. Announcement • Jan 28
Solteq plc Announces Management Changes The board of directors of Solteq Plc has appointed Oona Silén (b.1981) as VP of People and Culture and a member of the Executive Team of the company as of February 6, 2023. Silén is currently working as Head of HRat SYNLAB Finland Oy and has extensive experience in HR management. The current VP of People and Culture of Solteq, Kirsi Jalasaho, will continue in her position until January 31, 2023. Price Target Changed • Nov 16
Price target decreased to €1.30 Down from €2.25, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €1.36. Stock is down 70% over the past year. The company is forecast to post a net loss per share of €0.20 compared to earnings per share of €0.21 last year. Reported Earnings • Oct 31
Third quarter 2022 earnings released: €0.23 loss per share (vs €0.03 profit in 3Q 2021) Third quarter 2022 results: €0.23 loss per share (down from €0.03 profit in 3Q 2021). Revenue: €14.4m (down 3.6% from 3Q 2021). Net loss: €4.45m (down €4.94m from profit in 3Q 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year. Major Estimate Revision • Oct 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -€0.12 to -€0.15 per share. Revenue forecast unchanged at €69.7m. Software industry in Finland expected to see average net income growth of 23% next year. Consensus price target down from €2.25 to €1.75. Share price fell 8.5% to €1.18 over the past week. Major Estimate Revision • Sep 21
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €73.6m to €69.9m. Now expected to report a loss of €0.12 per share instead of €0.15 per share profit previously forecast. Software industry in Finland expected to see average net income growth of 10% next year. Consensus price target down from €2.85 to €2.25. Share price fell 18% to €1.36 over the past week. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.44, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Software industry in Finland. Total loss to shareholders of 1.4% over the past three years. Reported Earnings • Aug 12
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: €0.006 loss per share (down from €0.08 profit in 2Q 2021). Revenue: €18.0m (down 2.9% from 2Q 2021). Net loss: €90.0k (down 106% from profit in 2Q 2021). Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 9.9%, compared to a 14% 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 only increased by 14% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 03
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €77.0m to €74.8m. EPS estimate also fell from €0.24 per share to €0.19 per share. Net income forecast to grow 14% next year vs 34% growth forecast for Software industry in Finland. Consensus price target down from €4.80 to €3.20. Share price fell 3.3% to €2.50 over the past week. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.66, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 47x in the Software industry in Finland. Total returns to shareholders of 100% over the past three years. Reported Earnings • May 01
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: €0.04 (down from €0.08 in 1Q 2021). Revenue: €19.3m (up 11% from 1Q 2021). Net income: €795.0k (down 45% from 1Q 2021). Profit margin: 4.1% (down from 8.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 9.8%, compared to a 21% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.