Major Estimate Revision • Jul 28
Consensus EPS estimates fall by 169% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -US$0.011 to -US$0.029 per share. Revenue forecast of US$511.2m unchanged since last update. Professional Services industry in Norway expected to see average net income growth of 12% next year. Consensus price target of kr34.50 unchanged from last update. Share price was steady at kr17.93 over the past week. Announcement • Jun 22
Meltwater N.V. Announces New AI-Powered Assistant, Summaries and Analysis At Meltwater Summit Meltwater N.V. announced new AI-powered product innovations across its suite of solutions that allow customers to save time, unlock deeper insights, and take action. With this latest release, Meltwater has solidified its leadership in AI innovation, bringing to market two new writing assistants designed to save teams time, and new AI-powered summarization capabilities that surface rich insights to customers without any manual work necessary. Meltwater's new AI Assistants leverage the latest technology in generative AI. The first is a PR Assistant which helps PR professionals draft press releases and personalize pitches to journalists in record time. The second is the AI writing Assistant, powered by the ChatGPT API, which drafts highly engaging social content, saving teams time and increasing social engagement at scale. The writing Assistant now also features a DALL-E integration, enabling users to complement posts with royalty-free images generated directly in the Meltwater app. New advancements in AI summaries and analysis include the launch of content summarization which automatically groups thousands of news articles and social shares into a handful of relevant key themes, and spike analysis which provides reasoning behind peaks in mentions without users needing to do so manually. Both of these enable Meltwater customers to easily sift through the noise and focus on the significant changes for their brand that require action immediately. In Meltwater's Influencer Marketing solution, Klear, the new Visual Search dramatically simplifies the process of finding influencers relevant to a company's goals. Marketing pros can search for creators using natural language to find visual elements in their content like objects, logos and more, enabled by Meltwater's advanced AI image analysis, an industry-first innovation. These updates come on the heels of Meltwater's recent press release highlighting AI-powered product enhancements including Radarly Discovery and Video Analysis. Major Estimate Revision • Jun 07
Consensus EPS estimates upgraded to US$0.028 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$0.037 to -US$0.028 per share. Revenue forecast unchanged from US$505.3m at last update. Professional Services industry in Norway expected to see average net income growth of 11% next year. Consensus price target of kr34.50 unchanged from last update. Share price fell 4.2% to kr17.24 over the past week. Reported Earnings • Jun 02
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: US$0.04 loss per share (improved from US$0.05 loss in 1Q 2022). Revenue: US$111.0m (up 1.6% from 1Q 2022). Net loss: US$12.5m (loss narrowed 12% from 1Q 2022). Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 125%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Major Estimate Revision • May 23
Consensus EPS estimates upgraded to US$0.037 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$0.055 to -US$0.037 per share. Revenue forecast unchanged from US$503.6m at last update. Professional Services industry in Norway expected to see average net income growth of 11% next year. Consensus price target of kr34.50 unchanged from last update. Share price was steady at kr17.95 over the past week. Announcement • May 20
Meltwater N.V. to Report Q1, 2023 Results on May 31, 2023 Meltwater N.V. announced that they will report Q1, 2023 results on May 31, 2023 Reported Earnings • Apr 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$0.085 loss per share (improved from US$0.26 loss in FY 2021). Revenue: US$438.7m (up 9.2% from FY 2021). Net loss: US$25.2m (loss narrowed 68% from FY 2021). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Major Estimate Revision • Mar 09
Consensus EPS estimates upgraded to US$0.014 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$0.028 to -US$0.014 per share. Revenue forecast unchanged from US$513.6m at last update. Professional Services industry in Norway expected to see average net income growth of 14% next year. Consensus price target of kr34.50 unchanged from last update. Share price was steady at kr17.67 over the past week. Reported Earnings • Mar 01
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$0.09 loss per share (improved from US$0.26 loss in FY 2021). Revenue: US$438.7m (up 9.2% from FY 2021). Net loss: US$25.8m (loss narrowed 67% from FY 2021). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Major Estimate Revision • Jan 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.10 to -US$0.08 per share. Revenue forecast unchanged from US$447.5m at last update. Professional Services industry in Norway expected to see average net income growth of 13% next year. Consensus price target of kr26.00 unchanged from last update. Share price rose 37% to kr17.68 over the past week. Announcement • Jan 20
Meltwater N.V. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022 Meltwater N.V. provided earnings guidance for the fourth quarter and full year of 2022. ARR for the full year of 2022 is currently expected to be in the range of USD 478 to USD 480 million; Revenue of USD 439 million, Revenue in constant currency is expected to be around the range of USD 462 million to USD 464 million. For the quarter, revenue for fourth quarter 2022, expected to be USD 111 million, Revenue in constant currency is expected to be around the range of USD 117 million to USD 119 million. Reported Earnings • Dec 02
Third quarter 2022 earnings released Third quarter 2022 results: US$0.003 loss per share. Revenue: US$109.0m (up 1.7% from 3Q 2021). Net loss: US$1.06m (loss narrowed 96% from 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. 1 highly experienced director. Founder & Executive Chairman Jorn Lyseggen is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Sep 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$452.2m to US$447.0m. 2022 losses expected to reduce from -US$0.13 to -US$0.08 per share. Professional Services industry in Norway expected to see average net income growth of 13% next year. Consensus price target of kr34.50 unchanged from last update. Share price fell 13% to kr7.93 over the past week. Major Estimate Revision • Jul 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.10 to -US$0.14 per share. Revenue forecast of US$452.2m unchanged since last update. Professional Services industry in Norway expected to see average net income growth of 18% next year. Consensus price target of kr36.33 unchanged from last update. Share price rose 8.0% to kr11.13 over the past week. Recent Insider Transactions • Jun 14
Independent Non-Executive Director recently bought kr2.4m worth of stock On the 9th of June, Erik Langaker bought around 200k shares on-market at roughly kr12.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr32m more in shares than they have sold in the last 12 months. Major Estimate Revision • Jun 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.12 to -US$0.10 per share. Revenue forecast steady at US$452.2m. Professional Services industry in Norway expected to see average net income growth of 19% next year. Consensus price target of kr36.33 unchanged from last update. Share price rose 28% to kr14.94 over the past week. Price Target Changed • Apr 27
Price target decreased to kr36.33 Down from kr46.67, the current price target is an average from 3 analysts. New target price is 193% above last closing price of kr12.40. Stock is down 76% over the past year. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. 1 highly experienced director. Founder & Executive Chairman Jorn Lyseggen is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Apr 02
Forecast breakeven date pushed back to 2024 The 3 analysts covering Meltwater previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 69% per year to 2023. The company is expected to make a profit of US$3.96m in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Major Estimate Revision • Apr 02
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$460.2m to US$452.7m. Losses expected to increase from US$0.12 per share to US$0.13. Professional Services industry in Norway expected to see average net income growth of 22% next year. Consensus price target down from kr46.67 to kr36.33. Share price fell 6.5% to kr16.05 over the past week. Board Change • Apr 01
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. 1 highly experienced director. Founder & Executive Chairman Jorn Lyseggen is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 12
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. 1 highly experienced director. Founder & Executive Chairman Jorn Lyseggen is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Mar 10
Forecast breakeven date moved forward to 2022 The 3 analysts covering Meltwater previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$10.7m in 2022. Earnings growth of 117% is required to achieve expected profit on schedule. Major Estimate Revision • Mar 04
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$481.4m to US$472.1m. Now expected to report a loss of US$0.18 per share instead of US$0.04 per share profit previously forecast. Professional Services industry in Norway expected to see average net income growth of 23% next year. Consensus price target of kr63.00 unchanged from last update. Share price fell 4.5% to kr16.25 over the past week. Breakeven Date Change • Mar 02
Forecast breakeven date pushed back to 2023 The 3 analysts covering Meltwater previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of US$15.5m in 2023. Average annual earnings growth of 61% is required to achieve expected profit on schedule. Recent Insider Transactions • Mar 01
Independent Non-Executive Director recently bought kr3.4m worth of stock On the 25th of February, Erik Langaker bought around 200k shares on-market at roughly kr16.90 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr19m more in shares than they have sold in the last 12 months. Price Target Changed • Feb 25
Price target decreased to kr63.00 Down from kr74.67, the current price target is an average from 3 analysts. New target price is 270% above last closing price of kr17.02. Stock is down 69% over the past year. The company is forecast to post a net loss per share of US$0.11 next year compared to a net loss per share of US$0.27 last year. Recent Insider Transactions • Oct 07
Non-Executive Director recently bought kr968k worth of stock On the 5th of October, Mattias Holmström bought around 27k shares on-market at roughly kr35.86 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr14m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 06
Insider recently bought kr4.5m worth of stock On the 28th of June, Erik Langaker bought around 100k shares on-market at roughly kr45.38 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr4.9m. Insiders have collectively bought kr13m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 26
Chairman recently bought kr4.9m worth of stock On the 22nd of June, Jorn Lyseggen bought around 110k shares on-market at roughly kr44.47 per share. This was the largest purchase by an insider in the last 3 months. This was Jorn's only on-market trade for the last 12 months. Reported Earnings • May 22
Full year 2020 earnings released: US$0.28 loss per share (vs US$22.93 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$359.8m (up 4.0% from FY 2019). Net loss: US$66.4m (loss widened 26% from FY 2019). Breakeven Date Change • May 22
Forecast breakeven pushed back to 2022 The 3 analysts covering Meltwater Holding B.V previously expected the company to break even in 2021. New consensus forecast suggests losses will reduce by 97% to 2021. The company is expected to make a profit of US$11.9m in 2022. Average annual earnings growth of 84% is required to achieve expected profit on schedule. Announcement • Mar 18
Meltwater B.V. (OB:MWTR) entered into an agreement to acquire Linkfluence S.A.S. for €50 million. Meltwater B.V. (OB:MWTR) entered into an agreement to acquire Linkfluence S.A.S for €50 million on March 16, 2021. As per the terms, Meltwater has agreed to purchase Linkfluence for a price of 2 times 2020 revenue, to be settled 50% in cash and 50% in new shares to be issued by Meltwater B.V. and the remaining will be earnout. For the full year 2020, Linkfluence reached a revenue of €17 million. The acquisition is subject to completion of the information consultation process of the Linkfluence employees’ committee, as well as other customary conditions to closing and has been board approved by both companies. The transaction is expected to close by May 2021. Announcement • Dec 04
Meltwater Holding B.V. has completed an IPO in the amount of NOK 3.045 billion. Meltwater Holding B.V. has completed an IPO in the amount of NOK 3.045 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: NOK 43.5
Transaction Features: Direct Listing