New Risk • Apr 30
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$8.4m This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$8.4m). Revenue is less than US$5m (US$1.2m revenue). New Risk • Apr 22
New major risk - Revenue and earnings growth Earnings have declined by 43% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (US$823k revenue). Announcement • Apr 21
Agilyx ASA (OB:AGLX) and Lafor 2 S.à R.L. acquired 19.10% stake in GreenDot Global S.à r.l. from Circular Resources Sàrl. Agilyx ASA (OB:AGLX) and Lafor 2 S.à R.L. acquired 19.10% stake in GreenDot Global S.à r.l. from Circular Resources Sàrl on April 20, 2026.
Under the agreement, Lafor and Agilyx will jointly acquire all shares in GreenDot currently held by Circular Resources (19.1%). Following the transaction, Agilyx's shareholding will increase from 46% to 50.1%, while Lafor's shareholding will increase from 34.9% to 49.9%. Agilyx CEO Ranjeet Bhatia will serve as Chairman of GreenDot.
To finance the acquisition of the additional 4.1% shareholding, Agilyx has arranged a EUR 4.7 million share purchase financing facility. The transaction has received the required support of 2/3rds of the voting bonds under Agilyx's EUR 40,000,000 Subordinated Convertible Bonds 2025/2028. Dispatch of the written resolution and completion of the transaction is expected today. This announcement is subject to disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act.
GreenDot is expected to generate approximately EUR 375 million in revenue and over EUR 22 million in EBITDA in 2026.
Agilyx ASA (OB:AGLX) and Lafor 2 S.à R.L. completed the acquisition of 19.10% stake in GreenDot Global S.à r.l. from Circular Resources Sàrl on April 20, 2026. Reported Earnings • Apr 03
Full year 2025 earnings released Full year 2025 results: Net loss: US$132.6m (loss widened US$110.6m from FY 2024). Revenue is forecast to grow 82% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Europe. New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-US$7.2m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (US$953k revenue). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Breakeven Date Change • Jan 01
Forecast to breakeven in 2028 The analyst covering Agilyx expects the company to break even for the first time. New forecast suggests the company will make a profit of US$26.2m in 2028. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Announcement • Nov 21
Agilyx ASA, Annual General Meeting, May 21, 2026 Agilyx ASA, Annual General Meeting, May 21, 2026. New Risk • Oct 26
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: -US$7.2m 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 (-US$7.2m free cash flow). Revenue is less than US$1m (US$953k revenue). Breakeven Date Change • Oct 14
Forecast to breakeven in 2027 The 2 analysts covering Agilyx expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 15% per year to 2026. The company is expected to make a profit of US$2.33m in 2027. Average annual earnings growth of 68% is required to achieve expected profit on schedule. Reported Earnings • Aug 24
First half 2025 earnings: EPS and revenues miss analyst expectations First half 2025 results: US$0.11 loss per share. Net loss: US$11.6m (flat on 1H 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 10.0%. Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Europe. New Risk • Aug 22
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: US$953k This is considered a major risk. Companies with a small amount of revenue 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. This is currently the only risk that has been identified for the company. Major Estimate Revision • Aug 06
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$1.27m to US$1.02m. Forecast losses increased from -US$0.169 to -US$0.22 per share. Commercial Services industry in Norway expected to see average net income growth of 30% next year. Consensus price target broadly unchanged at kr52.53. Share price fell 4.9% to kr23.35 over the past week. Breakeven Date Change • Aug 05
No longer forecast to breakeven The 3 analysts covering Agilyx no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$10.2m in 2027. New consensus forecast suggests the company will make a loss of US$4.09m in 2027. New Risk • Jul 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$10m free cash flow). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (US$1.0m revenue). New Risk • Jul 01
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: -US$10m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-US$10m free cash flow). Minor Risk Revenue is less than US$5m (US$1.0m revenue). Board Change • Jun 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. 3 experienced directors. 1 highly experienced director. Independent Director Steen Jakobsen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • May 02
No longer forecast to breakeven The 3 analysts covering Agilyx no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$10.2m in 2027. New consensus forecast suggests the company will make a loss of US$12.8m in 2027. New Risk • May 02
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$22m Forecast net loss in 3 years: US$13m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$13m net loss in 3 years). Revenue is less than US$5m (US$1.0m revenue). Breakeven Date Change • Apr 29
Forecast to breakeven in 2027 The 4 analysts covering Agilyx expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$4.09m in 2027. Average annual earnings growth of 68% is required to achieve expected profit on schedule. Reported Earnings • Apr 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$0.22 loss per share (further deteriorated from US$0.18 loss in FY 2023). Net loss: US$22.0m (loss widened 39% from FY 2023). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 24
Consensus revenue estimates increase by 11%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$1.03m to US$1.15m. EPS estimate fell from -US$0.19 to -US$0.20 per share. Commercial Services industry in Norway expected to see average net income growth of 28% next year. Consensus price target down from kr48.87 to kr36.18. Share price was steady at kr26.10 over the past week. Breakeven Date Change • Apr 18
No longer forecast to breakeven The 4 analysts covering Agilyx no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$7.89m in 2026. New consensus forecast suggests the company will make a loss of US$4.27m in 2026. New Risk • Mar 07
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$20m Forecast net loss in 2 years: US$3.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$3.6m net loss in 2 years). Revenue is less than US$5m (US$1.7m revenue). Major Estimate Revision • Nov 21
Consensus revenue estimates decrease by 17%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$1.34m to US$1.12m. EPS estimate increased from -US$0.22 to -US$0.205 per share. Commercial Services industry in Norway expected to see average net income growth of 31% next year. Consensus price target broadly unchanged at kr52.60. Share price was steady at kr34.05 over the past week. Announcement • Nov 02
Agilyx ASA to Report Fiscal Year 2024 Results on Apr 24, 2025 Agilyx ASA announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Apr 24, 2025 Announcement • Oct 31
Agilyx ASA, Annual General Meeting, May 15, 2025 Agilyx ASA, Annual General Meeting, May 15, 2025. Announcement • Oct 30
Agilyx ASA to Report First Half, 2025 Results on Aug 21, 2025 Agilyx ASA announced that they will report first half, 2025 results on Aug 21, 2025 Major Estimate Revision • Aug 28
Consensus revenue estimates fall by 95% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$25.6m to US$1.34m. Forecast losses increased from -US$0.198 to -US$0.22 per share. Commercial Services industry in Norway expected to see average net income growth of 29% next year. Consensus price target broadly unchanged at kr50.51. Share price fell 8.8% to kr29.90 over the past week. Reported Earnings • Aug 22
First half 2024 earnings: EPS and revenues miss analyst expectations First half 2024 results: US$0.12 loss per share. Net loss: US$11.5m (loss widened 4.0% from 1H 2023). Revenue missed analyst estimates by 85%. Earnings per share (EPS) also missed analyst estimates by 71%. Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Europe. Major Estimate Revision • Jul 21
Consensus revenue estimates fall by 27% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$27.2m to US$19.9m. Forecast losses increased from -US$0.182 to -US$0.198 per share. Commercial Services industry in Norway expected to see average net income growth of 26% next year. Consensus price target broadly unchanged at kr53.00. Share price rose 3.8% to kr33.20 over the past week. Major Estimate Revision • Jul 16
Consensus revenue estimates increase by 15%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$27.2m to US$31.3m. EPS estimate fell from -US$0.182 to -US$0.198 per share. Commercial Services industry in Norway expected to see average net income growth of 25% next year. Consensus price target up from kr51.61 to kr52.78. Share price rose 4.5% to kr32.30 over the past week. Major Estimate Revision • Jun 20
Consensus revenue estimates increase by 165% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$10.3m to US$27.2m. EPS estimate unchanged from -US$0.18 at last update. Commercial Services industry in Norway expected to see average net income growth of 25% next year. Consensus price target broadly unchanged at kr50.53. Share price was steady at kr29.25 over the past week. Major Estimate Revision • May 09
Consensus revenue estimates increase by 14% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$46.3m to US$52.8m. Forecast losses expected to reduce from -US$0.152 to -US$0.12 per share. Commercial Services industry in Norway expected to see average net income growth of 22% next year. Consensus price target down from kr57.04 to kr51.41. Share price was steady at kr29.50 over the past week. Recent Insider Transactions • May 08
Chief Technology Officer recently sold kr956k worth of stock On the 30th of April, Christopher Faulkner sold around 32k shares on-market at roughly kr30.15 per share. This transaction amounted to 7.0% 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 the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 25
Full year 2023 earnings released Full year 2023 results: Net loss: US$15.8m (loss narrowed 28% from FY 2022). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Commercial Services industry in Europe. Announcement • Jan 28
Agilyx ASA Announces Chief Executive Officer Changes Agilyx ASA announced that Tim Stedman was stepping down as Chief Executive Officer of the Company and would remain in his position until 25 December 2023. The Company announced that Russ Main has been appointed as interim CEO of the Company effective immediately. Mr. Main is also the Chief Financial Officer of the Company and will remain in this position, effectively holding a dual role in the Company. Mr. Main holds a B.Sc. in Economics/Finance from Bentley University and has close to 30 years of executive finance and operational experience with optimizing finance, operations, technology and profitability within global environments. Breakeven Date Change • Dec 31
Forecast to breakeven in 2026 The 4 analysts covering Agilyx expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$11.0m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule. Announcement • Dec 15
Agilyx ASA Announces Resignation of Martha Crawford as Board Member, with Effect from 1 January 2024 Board member Martha Crawford has informed the board of directors in Agilyx ASA that she will resign from the Company's board of directors with effect from 1 January 2024 due to other commitments. The Company will initiate a process to recruit a new board member following this. Announcement • Nov 29
Agilyx ASA to Report Fiscal Year 2023 Results on Apr 23, 2024 Agilyx ASA announced that they will report fiscal year 2023 results on Apr 23, 2024 Major Estimate Revision • Nov 24
Consensus revenue estimates decrease by 19%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$20.7m to US$16.8m. EPS estimate increased from -US$0.24 to -US$0.23 per share. Commercial Services industry in Norway expected to see average net income growth of 23% next year. Consensus price target of kr56.03 unchanged from last update. Share price fell 2.7% to kr21.70 over the past week. Breakeven Date Change • Nov 21
No longer forecast to breakeven The 4 analysts covering Agilyx no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$15.5m in 2025. New consensus forecast suggests the company will make a loss of US$7.30m in 2025. Major Estimate Revision • Nov 19
Consensus revenue estimates decrease by 12%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$20.7m to US$18.3m. EPS estimate increased from -US$0.24 to -US$0.237 per share. Commercial Services industry in Norway expected to see average net income growth of 29% next year. Consensus price target up from kr41.52 to kr64.76. Share price rose 4.2% to kr22.30 over the past week. New Risk • Nov 17
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$23m Forecast net loss in 1 year: US$18m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$24m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$18m net loss next year). Shareholders have been diluted in the past year (13% increase in shares outstanding). New Risk • Nov 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$24m free cash flow). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Announcement • Oct 27
LyondellBasell Industries N.V. (NYSE:LYB) acquired 25% stake in Cyclyx International, LLC from Agilyx ASA (OB:AGLX) and Exxon Mobil Corporation (NYSE:XOM). LyondellBasell Industries N.V. (NYSE:LYB) acquired 25% stake in Cyclyx International, LLC from Agilyx ASA (OB:AGLX) and Exxon Mobil Corporation (NYSE:XOM) on October 26, 2023. LyondellBasell Industries N.V. (NYSE:LYB) completed the acquisition of 25% stake in Cyclyx International, LLC from Agilyx ASA (OB:AGLX) and Exxon Mobil Corporation (NYSE:XOM) on October 26, 2023. Breakeven Date Change • Aug 23
Forecast breakeven date pushed back to 2025 The 4 analysts covering Agilyx previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 31% per year to 2024. The company is expected to make a profit of US$1.00m in 2025. Average annual earnings growth of 79% is required to achieve expected profit on schedule. New Risk • Jul 06
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: -US$16m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-US$16m free cash flow). Minor Risk Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Reported Earnings • Apr 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$0.28 loss per share (further deteriorated from US$0.19 loss in FY 2021). Revenue: US$16.5m (up 237% from FY 2021). Net loss: US$22.0m (loss widened 51% from FY 2021). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in Norway. Breakeven Date Change • Mar 20
Forecast to breakeven in 2024 The 4 analysts covering Agilyx expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 38% per year to 2023. The company is expected to make a profit of US$3.12m in 2024. Average annual earnings growth of 66% is required to achieve expected profit on schedule. Recent Insider Transactions • Feb 02
Chairman recently bought kr5.2m worth of stock On the 31st of January, Jan Secher bought around 175k shares on-market at roughly kr29.61 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Jan's only on-market trade for the last 12 months. Announcement • Nov 29
Agilyx ASA to Report Fiscal Year 2022 Results on Apr 25, 2023 Agilyx ASA announced that they will report fiscal year 2022 results on Apr 25, 2023 Buying Opportunity • Nov 17
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be kr33.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 236% over the last year. Earnings per share has declined by 75%. Revenue is forecast to grow by 489% in 2 years. Earnings is forecast to grow by 91% in the next 2 years. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 7 non-independent directors. Chairman Jan Secher was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Announcement • Oct 22
Agilyx ASA Elects Board Members Agilyx ASA at its extraordinary general meeting held on October 21, 2022, approved to elect Jan Secher (Chair), Martha Crawford as new members of the board, all for a two year term that expires at the annual general meeting in 2024. Announcement • Oct 13
Agilyx ASA Appoints Louise Bryant Senior Vice President of Investor Relations and Sustainability, Effective 1 November 2022 Agilyx ASA announced that Louise Bryant will be joining the business as senior vice president of investor relations and sustainability, effective 1 November 2022. In her new role, Louise will be responsible for expanding the organization's investor relations strategy and driving its sustainability initiatives. Louise brings a wealth of investor relations experience to Agilyx, most notably serving as director of corporate affairs at Aggreko PLC, a FTSE 250 publicly traded company, where she built the investor relations program from the ground up and led the creation and development of the Group's sustainability strategy during her eight-year tenure. Previous roles also include investor relations and communications at Costain Group and Thomas Cook Group, both publicly traded companies, and equity research analyst at Citi. Louise started her career with PwC where she qualified as a chartered accountant. Recent Insider Transactions • Sep 03
Director recently bought kr9.6m worth of stock On the 1st of September, Steen Jakobsen bought around 400k shares on-market at roughly kr24.00 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr10m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 26
First half 2022 earnings released: EPS: US$0 (vs US$0 in 1H 2021) First half 2022 results: EPS: US$0 (vs US$0 in 1H 2021). Revenue: US$7.83m (up US$7.04m from 1H 2021). Net loss: US$8.82m (loss widened 8.7% from 1H 2021). Over the next year, revenue is forecast to grow 250%, compared to a 51% growth forecast for the Commercial Services industry in Norway. Announcement • May 16
Agilyx AS to Report Q2, 2022 Results on Aug 26, 2022 Agilyx AS announced that they will report Q2, 2022 results on Aug 26, 2022 Reported Earnings • Apr 27
First half 2021 earnings: Revenues miss analyst expectations First half 2021 results: Revenue: US$790.5k (flat on 1H 2020). Net loss: US$8.11m (flat on 1H 2020). Revenue missed analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 313%, compared to a 103% growth forecast for the industry in Norway. Breakeven Date Change • Apr 27
Forecast to breakeven in 2024 The 3 analysts covering Agilyx expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$6.00m in 2024. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Announcement • Apr 04
Agilyx AS to Report Q3, 2022 Results on Oct 28, 2022 Agilyx AS announced that they will report Q3, 2022 results at 8:55 AM, Central European Standard Time on Oct 28, 2022 Announcement • Feb 22
Agilyx Announces Appointment of Jonathan Tyler as Senior Vice President of Corporate Development Agilyx announced the appointment of Jonathan Tyler as senior vice president of corporate development to help drive the company’s strategic planning process and investor relations strategy. Mr. Tyler comes to Agilyx with over 25 years of experience in investment banking with a longstanding specialization across the chemical industry with related work in cleantech and sustainability. Tyler has held leadership positions with Houlihan Lokey, Bear Stearns (now JP Morgan), Goldman Sachs and Climate KIC. Early in his career he was a top ranked research analyst, including heading European chemical research for Goldman Sachs. He has worked on many of the most complex M&A and financial restructuring projects across the global chemical industry, and also numerous IPOs/listings. Most recently he served as managing director at Perella Weinberg Partners. Mr. Tyler will be based at the company’s European hub, located just outside of Zurich, Switzerland. Announcement • Jan 12
Agilyx Enters into Construction Phase in Japan Agilyx announced they are entering into the construction phase of a 10 ton per day chemical recycling facility in Japan, enabled by Agilyx depolymerization technology. The recycling plant will convert post-use polystyrene into a styrene monomer that will be purified using Toyo Styrene's proprietary purification process. Styrene monomer produced from this process can then be converted back into high value polystyrene products which bear a significantly lower carbon footprint than similar products made with virgin monomer. Breakeven Date Change • Jan 01
Forecast to breakeven in 2024 The 3 analysts covering Agilyx expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$6.00m in 2024. Average annual earnings growth of 59% is required to achieve expected profit on schedule. Major Estimate Revision • Dec 01
Consensus revenue estimates fall to US$7.33m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from US$10.2m to US$7.33m. Forecast losses increased from -US$0.12 to -US$0.16 per share. Commercial Services industry in Norway expected to see average net income growth of 27% next year. Consensus price target down from kr78.86 to kr70.22. Share price rose 4.8% to kr34.95 over the past week. Recent Insider Transactions • Sep 02
CEO & Director recently bought kr1.0m worth of stock On the 31st of August, Timothy Stedman bought around 30k shares on-market at roughly kr33.81 per share. This was the largest purchase by an insider in the last 3 months. This was Timothy's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Sep 01
Chief Technology Officer exercised options to buy kr6.6m worth of stock. On the 31st of August, Christopher Faulkner exercised options to buy 190k shares at a strike price of around kr0.57, costing a total of kr109k. As of today, Christopher currently holds no shares directly. This was the only transaction from an insider over the last 12 months. Major Estimate Revision • Jun 05
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from US$14.8m to US$12.0m. EPS estimate unchanged from -US$0.08 per share at last update. Commercial Services industry in Norway expected to see average net income growth of 29% next year. Consensus price target up from kr71.57 to kr76.41. Share price rose 31% to kr35.40 over the past week. Reported Earnings • Apr 25
Full year 2020 earnings released The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: US$4.34m (up 111% from FY 2019). Net loss: US$10.1m (loss widened 40% from FY 2019). Announcement • Feb 01
Agilyx AS Appoints Carolyn Clarke as Board Advisory Consultant Agilyx AS announced the appointment of Carolyn Clarke as a Board Advisory Consultant, effective February 1, 2021. Agilyx intends to nominate Ms. Clarke for election to its board of directors as well as Audit Committee Chair at its Annual General Meeting on May 13, 2021. Ms. Clarke is a seasoned executive in finance, accounting, risk management and governance. She is the founder and CEO of Brave Consultancy, a management consulting firm that provides innovative solutions, enabling organizations to navigate risk. Ms. Clarke will join Agilyx initially as an independent board consultant, advising on strategic considerations, particularly as it relates to the company's audit process. Ms. Clarke currently holds several Board positions; she is the Chair of the Board of Care International UK and a member of the Global Council of Care International. Ms. Clarke also serves as non-executive director and is a member of the Audit Committee at Starling Bank. Until recently, Ms. Clarke was the Vice-Chair of the Institute of Business Ethics. Is New 90 Day High Low • Jan 09
New 90-day high: kr46.00 The company is up 56% from its price of kr29.50 on 09 October 2020. The Norwegian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 6.0% over the same period. Announcement • Dec 17
Agilyx AS Announce CFO Changes Agilyx AS announced the appointment of Beatriz Malo de Molina as Chief Financial Officer (CFO), effective January 4, 2021. Ms. Malo de Molina will succeed current CFO Russell Main, who will be transitioning to CFO of Agilyx's recently established feedstock management company, Cyclyx International, LLC. ("Cyclyx"). Ms. Malo de Molina brings to Agilyx a seasoned career in investment banking, private equity, and consulting. She most recently served as Senior Vice President, Head of Mergers & Acquisitions with Orkla ASA. Prior to this role, she held several management and operational roles with Kistefos Private Equity, McKinsey & Co. Inc. in Norway, and internationally with the Goldman Sachs Group Inc., as well as Ernst & Young. Ms. Malo de Molina currently serves on the board of directors for Nel ASA. Announcement • Dec 05
Agilyx Corporation Appoints Mark Barranco as Senior Vice President of Engineering and Execution to Help Drive the Acceleration of the Global Expansion Agilyx Corporation announced the appointment of Mark Barranco as Senior Vice President of Engineering and Execution to help drive the acceleration of the company's global expansion. Barranco brings over 30 years of petrochemical industry experience in a variety of technical and business roles spanning basic chemical products, such as olefins and aromatics, to derivatives such as polymers and resins. Barranco joins Agilyx after holding numerous executive positions with ExxonMobil Chemical Company, most recently Senior Strategy Advisor, preceded by leadership roles across multiple disciplines including Marketing, Sales, Business Development, Planning, Supply Chain and Technology. Announcement • Dec 02
Agilyx as and Toyo Styrene Advance Development of Facility in Chiba, Japan Agilyx Corporation and Toyo Styrene Co., LTD announced the 30% completion of the final phase of the Front End Loading design development to deploy the Agilyx technology near Toyo Styrene's facility in the Chiba Prefecture of Japan. The facility will focus on recycling post-use polystyrene plastic back to a styrene monomer. In April 2020, Agilyx announced the licensing of its technology to Toyo Styrene. This announcement marks a significant step forward toward the realization of a truly circular process. Announcement • Nov 10
Americas Styrenics Llc and Agilyx as Announce Completion of A Certified Circular Recycling Pathway for Polystyrene AmSty and Agilyx announced the successful completion of a fully circular pathway for polystyrene recycling. The two companies have been working to achieve this important milestone for polystyrene in support of a societal shift from linear to circular solutions for managing waste plastic. Polystyrene waste is currently being transformed from solid form to its liquid feedstock called recycled styrene monomer (RSM) at their joint venture facility, Regenyx, operating in Tigard, Oregon. By receiving ISCC PLUS certification (International Sustainability and Carbon Certification) for the complete pathway from waste aggregation to new polystyrene production, the loop on the recycling circle for polystyrene has been completed. These products can now be put back into the marketplace with original quality, holding third-party certification of recycled content. For a recycling process to be circular, it must be regenerative, beginning and ending at the same place in the product life cycle. From the consumer’s perspective, polystyrene recycling begins as a consumer product used in the home – a food package or meat tray for example – and up until now has ended in the recycling bin or trash can. Now, when a consumer uses a polystyrene product, it has the potential to be collected from mixed plastic waste, converted to feedstock, and processed into new polystyrene. From there, it can be re-formed into new products without any loss of material quality and enjoyed by consumers again and again. Through the ISCC PLUS certification process, recycled content can be assigned, certified, and claimed by package manufacturers. Consumers can readily identify circular products on the shelf and feel good about their choices and participation in sustainability. Announcement • Oct 29
Lucite International and Mitsubishi Chemical Corporation Advance Collaboration with Agilyx Corporation Lucite International (LI) and Agilyx Corporation announced plans to pursue a commercial-scale trial for the recycling of PMMA, commonly known as acrylic, at Agilyx'sTigard, Oregon facility. Following the success of an initial smaller-scale trial using Agilyx's molecular recycling technology, LI, with the support of parent company, Mitsubishi Chemical Corporation (MCC), will further advance its collaboration with Agilyx to deliver fully circular PMMA. Lucite International (LI) aims for commercial realisation of recycled PMMA production by 2023. In the interim, LI is working with all key stakeholders - including MMA (the building block of all acrylic-based products) customers, PMMA customers, manufacturers, distributors, fabricators and recyclers - to develop a robust value chain for all.