Announcement • Feb 22
Kahoot! Is Now Available in Indonesian and Continues Its Expansion Across Southeast Asia Kahoot! is announcing the localization of the Kahoot! mobile apps and online platform in Indonesian. The addition of Indonesian language support on Kahoot! is part of the company's strategy to continue its accelerated growth in Asia. The launch of Indonesian also marks a significant milestone in the company's efforts to bring fun and engaging learning experiences to people of all ages in the region. Kahoot! has become a go-to platform for playful learning in Indonesia, with over 15 million non-unique participants playing in the last 12 months. This also includes more than 1.2 million student participants, with over 115,000 teachers hosting learning sessions for their students on Kahoot!. With this growing adoption of Kahoot! across Indonesia, language support, and localization will make it more accessible for educators, students, professionals and learners of all ages to discover, create, and share engaging learning experiences in any context. With this launch, Indonesian becomes the fifth Asian language to be available on the Kahoot! platform preceded by Japanese, Korean, Simplified, and Traditional Chinese. The localization of the platform makes it easier for users to access content and empowers them to create engaging learning experiences in educational settings, professional environments and in different social settings with friends and family. In addition, Kahoot! Kids, the standalone app for iOS and Android designed for children ages 2 to 7 years old, is also now localized in Indonesian. Localizing Kahoot! Kids underscores Kahoot!'s commitment to fostering stronger connections between parents and children through play-based learning. The Kahoot! Kids app for iOS and Android enables parents to support their children in building their core and early childhood skills. Announcement • Jan 20
Kahoot! ASA Ordinary Shares to Be Deleted from OTC Equity Kahoot! ASA Ordinary Shares will be deleted from OTC Equity effective January 19, 2024, due to Acquisition /Merger /Amalgamation. Recent Insider Transactions Derivative • Nov 19
Chief Executive Officer exercised options to buy kr25m worth of stock. On the 10th of November, Eilert Hanoa exercised options to buy 712k shares at a strike price of around kr14.82, costing a total of kr11m. This transaction amounted to 38% of their direct individual holding at the time of the trade. Since December 2022, Eilert's direct individual holding has decreased from 41.28m shares to 1.66m. Company insiders have collectively bought kr11m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Sep 21
Kahoot! ASA(OB:KAHOT) dropped from Oslo OBX Total Return Index Kahoot! ASA has been removed from Oslo OBX Index . Major Estimate Revision • Aug 24
Consensus EPS estimates increase by 53% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.018 to US$0.027. Revenue forecast steady at US$169.7m. Net income forecast to grow 252% next year vs 50% growth forecast for Entertainment industry in Norway. Consensus price target of kr29.84 unchanged from last update. Share price was steady at kr33.85 over the past week. Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$41.3m (up 16% from 2Q 2022). Net income: US$1.62m (up US$2.41m from 2Q 2022). Profit margin: 3.9% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Entertainment industry in Europe. Major Estimate Revision • Jul 26
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.02 to US$0.018 per share. Revenue forecast steady at US$170.7m. Net income forecast to grow 301% next year vs 44% growth forecast for Entertainment industry in Norway. Consensus price target up from kr27.05 to kr29.84. Share price was steady at kr34.60 over the past week. Buying Opportunity • Jul 17
Now 20% undervalued Over the last 90 days, the stock is up 42%. The fair value is estimated to be kr43.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 45% in 2 years. Earnings is forecast to grow by 782% in the next 2 years. Announcement • Jul 15
Goldman Sachs Asset Management, L.P., General Atlantic Ft B.V., Kirkbi Invest A/S, Glitrafjord AS, certain other investors and management shareholders made a final non-binding offer to acquire Kahoot! ASA (OB:KAHOT) from a group of sellers and others for NOK 17.2 billion. Goldman Sachs Asset Management, L.P., General Atlantic Ft B.V., Kirkbi Invest A/S, Glitrafjord AS, certain other investors and management shareholders made a final non-binding offer to acquire Kahoot! ASA (OB:KAHOT) from a group of sellers and others for NOK 17.2 billion on July 12, 2023. Goldman Sachs Asset Management, L.P., General Atlantic Ft B.V., Kirkbi Invest A/S, Glitrafjord AS, certain other investors and management shareholders entered into an agreement to acquire Kahoot! ASA from a group of sellers and others on July 14, 2023. The shareholders will be offered NOK 35 in cash per share. The offeror has secured commitments for the required equity and debt capital to finance the offer at its completion. Goldman Sachs Bank Europe SE, KKR Corporate Lending (UK) LLC, KKR Capital Markets Partners LLP act as finance providers to the offeror in connection with the offer. If transaction is terminated due to breach of contract by Kahoot, it will pay offerors termination fee of approximately NOK 30 million.
In total, shares representing c.34.20% of Kahoot's outstanding share capital as at the date of this announcement are committed to be sold or contributed pursuant to the investment agreement and various irrevocable undertakings given by shareholders, members of the Board and senior management. The offer will have a right of compulsory acquisition procedure for any remaining shares. The board of directors of Kahoot! has unanimously recommended the shareholders to accept the offer. The offer is subject to necessary regulatory approvals, including but not limited to competition clearances, and conditioned on the offer being accepted to such extent that the offeror becomes the owner of shares representing more than 90% of the issued and outstanding shares and voting rights in Kahoot.
Goldman Sachs International and Danske Bank, Norwegian Branch are acting as financial advisers and also provided fairness opinion to the offeror or their affiliates in connection with the offer. White & Case LLP, Advokatfirmaet Wiersholm AS, Sullivan & Cromwell LLP and Linklaters LLP are acting as legal advisors to the offeror. Advokatfirmaet BAHR AS, Morgan, Lewis & Bockius LLP and Macfarlanes LLP are acting as legal advisers to KIRKBI. ABG Sundal Collier ASA and Morgan Stanley & Co. International plc are acting as financial advisers and Advokatfirmaet Thommessen AS as legal adviser to Kahoot! in connection with the offer. Announcement • May 31
Kahoot! ASA Appoints Harald Arnet and Fredrik Cassel as Member of Nomination Committee Kahoot! ASA at the AGM May 30, 2023 elected Nomination Committee of the Company shall consist of the following persons with terms of office given in brackets: Harald Arnet (two years); Fredrik Cassel (two years). Major Estimate Revision • May 11
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$173.6m to US$171.2m. EPS estimate also fell from US$0.026 per share to US$0.023 per share. Net income forecast to grow 377% next year vs 32% growth forecast for Entertainment industry in Norway. Consensus price target up from kr25.46 to kr27.46. Share price fell 15% to kr22.17 over the past week. Major Estimate Revision • May 05
Consensus EPS estimates increase by 29% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.027 to US$0.035. Revenue forecast steady at US$174.1m. Net income forecast to grow 704% next year vs 32% growth forecast for Entertainment industry in Norway. Consensus price target up from kr25.76 to kr28.04. Share price fell 17% to kr23.04 over the past week. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: US$0.005 (vs US$0.004 loss in FY 2021) Full year 2022 results: EPS: US$0.005 (up from US$0.004 loss in FY 2021). Revenue: US$145.6m (up 60% from FY 2021). Net income: US$2.29m (up US$4.17m from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Mar 01
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 consensus EPS estimate fell from US$0.03 to US$0.026. Revenue forecast reaffirmed at US$175.1m. Net income forecast to grow 495% next year vs 21% growth forecast for Entertainment industry in Norway. Consensus price target of kr23.73 unchanged from last update. Share price rose 2.9% to kr19.55 over the past week. Reported Earnings • Feb 19
Full year 2022 earnings released: EPS: US$0.005 (vs US$0.004 loss in FY 2021) Full year 2022 results: EPS: US$0.005 (up from US$0.004 loss in FY 2021). Revenue: US$146.0m (up 60% from FY 2021). Net income: US$2.29m (up US$4.17m from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 19
General Counsel recently bought kr244k worth of stock On the 16th of February, Ranjit Mahida bought around 14k shares on-market at roughly kr18.10 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 kr2.5m more in shares than they have sold in the last 12 months. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions Derivative • Nov 13
Employee Representative Director exercised options and sold kr1.2m worth of stock On the 11th of November, Alexander Remen exercised 60k options at a strike price of around kr1.67 and sold these shares for an average price of kr21.00 per share. This trade did not impact their existing holding. As of today, Alexander currently holds no shares directly. Company insiders have collectively bought kr6.9m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 06
Third quarter 2022 earnings released: US$0.01 loss per share (vs US$0.004 loss in 3Q 2021) Third quarter 2022 results: US$0.01 loss per share (further deteriorated from US$0.004 loss in 3Q 2021). Revenue: US$36.6m (up 55% from 3Q 2021). Net loss: US$7.19m (loss widened 248% from 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Nov 05
Forecast breakeven date pushed back to 2023 The 5 analysts covering Kahoot! previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of US$26.6m in 2023. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Recent Insider Transactions • Aug 30
Chief Technology Officer recently bought kr776k worth of stock On the 29th of August, Jostein Håvaldsrud bought around 40k shares on-market at roughly kr19.40 per share. This transaction amounted to 9.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr8.1m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 16
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: US$792.0k (down 114% from profit in 2Q 2021). Major Estimate Revision • Aug 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.01 to US$0.01. Revenue forecast steady at US$156.0m. Net income forecast to grow 6,172% next year vs 19% growth forecast for Entertainment industry in Norway. Consensus price target of kr31.64 unchanged from last update. Share price rose 20% to kr28.25 over the past week. Reported Earnings • Apr 27
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: US$0.004 loss per share (up from US$0.086 loss in FY 2020). Revenue: US$91.0m (up 212% from FY 2020). Net loss: US$1.88m (loss narrowed 95% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 86%, compared to a 34% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Stefan Blom is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 22
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: US$0.01 (up from US$0.085 loss in FY 2020). Revenue: US$91.0m (up 195% from FY 2020). Net income: US$3.37m (up US$37.9m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Over the next year, revenue is forecast to grow 87%, compared to a 34% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Major Estimate Revision • Apr 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.06 to US$0.05 per share. Revenue forecast steady at US$169.8m. Net income forecast to grow 625% next year vs 27% growth forecast for Entertainment industry in Norway. Consensus price target down from kr46.97 to kr45.01. Share price fell 3.6% to kr25.96 over the past week. Recent Insider Transactions • Feb 27
Chief Technology Officer recently bought kr1.4m worth of stock On the 25th of February, Jostein Håvaldsrud bought around 50k shares on-market at roughly kr29.00 per share. In the last 3 months, they made an even bigger purchase worth kr5.9m. Insiders have collectively bought kr12m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: US$0.01 (up from US$0.085 loss in FY 2020). Revenue: US$91.3m (up 196% from FY 2020). Net income: US$3.37m (up US$37.9m from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Over the next year, revenue is forecast to grow 92%, compared to a 47% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2022 The 3 analysts covering Kahoot! previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of US$32.9m in 2022. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Recent Insider Transactions • Dec 04
Chief Technology Officer recently bought kr5.9m worth of stock On the 2nd of December, Jostein Håvaldsrud bought around 127k shares on-market at roughly kr46.09 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr11m more in shares than they have sold in the last 12 months. Recent Insider Transactions Derivative • Sep 07
Co-Founder & Chief Product Officer exercised options and sold kr6.2m worth of stock On the 3rd of September, Asmund Furuseth exercised 100k options at a strike price of around kr1.67 and sold these shares for an average price of kr64.00 per share. This trade did not impact their existing holding. Company insiders have collectively sold kr2.0b more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 21
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$18.4m (up US$15.6m from 2Q 2020). Net income: US$5.63m (up US$11.1m from 2Q 2020). Profit margin: 31% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Recent Insider Transactions • Jun 05
Chief Technology Officer recently bought kr5.3m worth of stock On the 1st of June, Jostein Håvaldsrud bought around 80k shares on-market at roughly kr65.99 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr2.0b more in shares than they bought in the last 12 months. Reported Earnings • May 11
First quarter 2021 earnings released: US$0.01 loss per share (vs US$0.02 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$16.2m (up 478% from 1Q 2020). Net loss: US$3.27m (loss narrowed 40% from 1Q 2020). Executive Departure • Mar 03
Director has left the company On the 23rd of February, Fredrik Cassel's tenure in the role of Director ended. We don't have any record of a personal shareholding under Fredrik's name. A total of 3 executives have left over the last 12 months. Executive Departure • Mar 03
Director has left the company On the 23rd of February, Michiel Kotting's tenure in the role of Director ended. We don't have any record of a personal shareholding under Michiel's name. A total of 3 executives have left over the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.7%. Earnings per share (EPS) also surpassed analyst estimates by 1,208%. Over the next year, revenue is forecast to grow 164%, compared to a 39% growth forecast for the Entertainment industry in Norway. Reported Earnings • Feb 12
Full year 2020 earnings released: US$0.085 loss per share (vs US$0.035 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: US$30.9m (up 265% from FY 2019). Net loss: US$34.5m (loss widened 176% from FY 2019). Is New 90 Day High Low • Jan 05
New 90-day high: kr108 The company is up 125% from its price of kr48.10 on 07 October 2020. The Norwegian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr6.21 per share. Is New 90 Day High Low • Dec 15
New 90-day high: kr73.10 The company is up 56% from its price of kr46.95 on 16 September 2020. The Norwegian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 2.0% over the same period. Recent Insider Transactions • Dec 05
Chief Executive Officer recently sold kr2.0b worth of stock On the 3rd of December, Eilert Hanoa sold around 30m shares on-market at roughly kr65.50 per share. This was the largest sale by an insider in the last 3 months. Eilert has been a seller over the last 12 months, reducing personal holdings by kr2.0b. Announcement • Dec 02
Kahoot! AS Provides Earnings Forecast for the Fourth Quarter and Full Year 2020 Kahoot! AS provided earnings guidance for the fourth quarter and full year 2020. Invoiced revenue for the Kahoot! Group for fourth quarter 2020 is expected to exceed $15 million, approx. 30% quarter on quarter growth, whereof the acquired units Actimo and Drops will contribute with approx. 15% of the invoiced revenue for the quarter. Previous guidance for the company was invoiced revenue of approx. $14 million in fourth quarter, whereof Actimo represents approx. 10%, and a total of $41 million-$42 million for the full year 2020. For the full year 2020, the Kahoot! Group expects invoiced revenue to reach $43 million (including contribution from Actimo in fourth quarter and Drops in December), a 230% growth year on year. Announcement • Nov 25
Kahoot! AS (OB:KAHOOT-ME) acquired Drops for $50 million. Kahoot! AS (OB:KAHOOT-ME) acquired Drops for $50 million on November 24, 2020. Kahoot! will pay for a total consideration reflecting an enterprise value of $31 million on a cash and debt-free basis, in addition to a performance-based element up to $19 million depending on Drops performance in 2020-2022. The consideration will be settled in a combination of cash and Kahoot! shares. Drops reported gross revenue of $7.5 million (€6.3 million) in 2019. Completion of the transaction is subject to customary conditions and the transaction is expected to be completed in November 2020.
Kahoot! AS (OB:KAHOOT-ME) completed the acquisition of Drops on November 24, 2020. Announcement • Nov 20
Kahoot! Launches Kahoot!+ Kahoot! launched Kahoot!+, the easiest way for families and friends to connect in-person or virtually through Kahoot!'s fun social game experiences, as well as engaging kids' learning at home with a collection of easy-to-use learning apps, all in one simple plan. Social distancing makes it difficult for friends and family to connect, and many parents are finding it challenging to keep their kids interested in learning at home. Kahoot! is dedicated to making learning at home awesome and helping people stay connected with exciting games and learning apps that bring families and friends together—no matter where they are. As of November 19, 2020, users will be able to sign up for any of three Kahoot!+ plan options best suited for them and access all the tools they need to create meaningful social and learning experiences at home. Kahoot!+ Home unlocks new question and game options in the Kahoot! app for in-person and virtual play, with games of up to 20 players for $5 per month. Kahoot!+ Family includes all the features from Kahoot!+ Home plus access to a collection of math and reading apps for $7.50 per month, with an introductory offer available and a 7-day free trial. Kahoot!+ Premier includes the collection of learning apps, even more game options like open-ended questions and word clouds and games allowing up to 50 players, for $15 per month with a 7-day free trial. Kahoot!+ makes it easy to get social with fun and interactive games, whether you're together in-person or connecting remotely, with the following features: Level ups fun with family and friends—Unlock new question types and game options—like puzzles, polls, word clouds and more—that will take game nights with family and friends to the next level and keeps gatherings fresh, fun and interactive. Connect and play anywhere—Games can easily be played face-to-face, through any video conferencing tool or even through challenges on the mobile app where players can complete at their own pace.
Engage kids and empower their learning—With the Kahoot!+ Family and Premier plans, kids can unlock a collection of three award-winning learning apps that turn math and reading practice into an adventure. Kahoot! DragonBox Numbers, designed for kids from ages 4 to 8 years, introduces kids to math in a fun and kid-friendly way, helping them to build number sense and understand how numbers work. Kahoot! DragonBox Big Numbers adds even more challenge for children from 6 to 9 years, helping kids understand long addition and subtraction through exploration and play. For younger kids aged 3 to 8, the Kahoot! Poio Read app empowers young players to learn to read through their own exploration. Compete virtually with leagues— Kahoot!+ subscribers will now be able to compete with larger groups of friends and family via leagues on the Kahoot! mobile app. Users can create their own league, add games and invite friends and relatives to play as a joint scoreboard keeps track of players' progress and standing. Students registered with a Kahoot! student account can also use leagues for virtual study groups, turning study sessions into fun and interactive games that connect students anywhere. With millions of ready-to-play games available and a user-friendly interface to customize or build a game to suit any group's needs, Kahoot! helps create meaningful social experiences for every participant. In the last 12 months, Kahoot! had more than 1 billion participating players in over 200 countries, with more than 200 million games played on the platform. Is New 90 Day High Low • Nov 05
New 90-day high: kr66.50 The company is up 64% from its price of kr40.50 on 07 August 2020. The Norwegian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 10.0% over the same period. Announcement • Oct 16
Kahoot! Announces Deeper Integration with Zoom to Make Virtual Learning Awesome! Kahoot announced that it is partnering with Zoom Video Communications, Inc. to offer the Kahoot! app for Zoom, enabling its users to access, host and play Kahoot! games directly from Zoom Meetings. Kahoot! was announced as a Zapp Launch Partner for this integration at Zoom's annual virtual Zoomtopia user conference. Recent Insider Transactions • Oct 14
Chief Executive Officer recently bought kr5.6m worth of stock On the 13th of October, Eilert Hanoa bought around 100k shares on-market at roughly kr56.14 per share. This was the largest purchase by an insider in the last 3 months. This was Eilert's only on-market trade for the last 12 months. Announcement • Oct 14
Kahoot! AS announced that it has received NOK 1.978 billion in funding from SoftBank Group Corp. Kahoot! AS (OB:KAHOOT-ME) announced a private placement of 43,000,000 common shares at a price of NOK 46 per share for gross proceeds of NOK 1,978,000,000 on October 13, 2020. The transaction included participation from a subsidiary of SoftBank Group Corp. (TSE:9984) for 9.69% stake in the company. The transaction has been approved the board of directors. Announcement • Oct 08
Kahoot! Appoints Mads Rebsdorf as Chief Revenue Officer Kahoot! announced the appointment of Mads Rebsdorf to a new role as Chief Revenue Officer, to lead and scale the global sales organization at Kahoot!. The appointment follows several key senior hires earlier this year, extending Kahoot!’s management team. Rebsdorf’s new role is part of a larger effort to build out and commercialize Kahoot!’s offerings to fuel the next phase of the company’s growth. The company has experienced sharp increase in paid subscriptions and revenues with key customer wins in both the corporate segment as well as with educational institutions, as the world shifts to the new reality of remote learning. In Third Quarter 2020, Kahoot! reached more than 360,000 paid subscriptions, a year-on-year growth of 160%, with this number expected to exceed 400,000 by the end of 2020. Rebsdorf will focus on further structuring and accelerating the use and adoption of Kahoot!’s commercial offerings, by helping develop new revenue models and leveraging strong relationships with partners and customers, starting in his role on January 4, 2021. He will also build the sales team by continuing to attract top-notch talent across the industry. Is New 90 Day High Low • Oct 02
New 90-day high: kr48.00 The company is up 23% from its price of kr39.10 on 03 July 2020. The Norwegian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 6.0% over the same period. Announcement • Aug 27
Kahoot! AS has completed a Follow-on Equity Offering in the amount of NOK 3.1169 billion. Kahoot! AS has completed a Follow-on Equity Offering in the amount of NOK 3.1169 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 87,800,000
Price\Range: NOK 35.5
Transaction Features: Subsequent Direct Listing Announcement • Jul 30
Kahoot! AS (OTCNO:KAHOOT) completed the acquisition of WeWantToKnow AS. Kahoot! AS (OTCNO:KAHOOT) agreed to acquire WeWantToKnow AS for $18 million on May 9, 2019. The transaction is expected to close in June 2019.
Kahoot! AS (OTCNO:KAHOOT) completed the acquisition of WeWantToKnow AS in 2019.