Board Change • May 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Chairman Richard Trinder was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 16
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 Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (kr51.0m market cap, or US$5.22m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Sep 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr99.5m (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 Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (kr99.5m market cap, or US$9.97m). New Risk • Sep 18
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 Norwegian stocks, typically moving 19% 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 Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Market cap is less than US$100m (kr103.8m market cap, or US$10.5m). Reported Earnings • Sep 02
First half 2025 earnings released: EPS: €0.15 (vs €0.17 in 1H 2024) First half 2025 results: EPS: €0.15 (down from €0.17 in 1H 2024). Revenue: €7.00m (down 5.5% from 1H 2024). Net income: €3.05m (down 11% from 1H 2024). Profit margin: 44% (down from 46% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. New Risk • Jun 26
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 Norwegian stocks, typically moving 8.3% 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: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (kr308.3m market cap, or US$30.6m). Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr14.90, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 40x in the Software industry in Norway. Total loss to shareholders of 62% over the past three years. Announcement • Apr 26
River Tech plc Announces Interim Cash Dividend Distribution for 2024 River Tech plc announced that the Board of Directors has resolved to distribute a net interim cash dividend in the amount of NOK 3.00 per share, amounting to NOK 61,656,825, equal to approximately EUR 5,185,167.35, of which NOK 2.50 per share will be distributed from the Company’s profits of the financial year ended 2024, and NOK 0.50 per share will be distributed from the profits of First Quarter 2025. Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: €0.31 (vs €0.41 in FY 2023) Full year 2024 results: EPS: €0.31 (down from €0.41 in FY 2023). Revenue: €14.6m (down 4.9% from FY 2023). Net income: €6.37m (down 24% from FY 2023). Profit margin: 44% (down from 55% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (kr335.0m market cap, or US$31.5m). Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr21.20, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 41x in the Software industry in Norway. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr18.90, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 41x in the Software industry in Norway. Total loss to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr16.00, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 40x in the Software industry in Norway. Total loss to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr18.90, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 48x in the Software industry in Norway. Total loss to shareholders of 58% over the past three years. Announcement • Aug 30
River Tech plc Approves Interim Cash Dividend, Payable on or About 12 September 2024 River Tech plc announced that the Board of Directors has resolved to distribute an interim cash dividend in the amount of NOK 2.50 per share, amounting to NOK 51,380,687.50, equal to approximately EUR 4,387,012.25. Dividend amount: NOK 2.50 per share, equivalent to approximately EUR 0.21346 per share. Ex-date: 02 September 2024. Record Date: 03 September 2024. Payment date: On or about 12 September 2024. Date of approval: 29 August 2024. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to kr30.40, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 20x in the Software industry in Norway. Total loss to shareholders of 44% over the past three years. New Risk • Jul 19
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 Norwegian stocks, typically moving 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (kr485.0m market cap, or US$44.7m). New Risk • May 05
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 10% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (kr505.6m market cap, or US$46.5m). Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to kr26.20, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 44x in the Software industry in Norway. Total loss to shareholders of 28% over the past three years. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: €0.41 (vs €0.36 in FY 2022) Full year 2023 results: EPS: €0.41 (up from €0.36 in FY 2022). Revenue: €15.4m (up 9.8% from FY 2022). Net income: €8.42m (up 13% from FY 2022). Profit margin: 55% (up from 53% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Apr 10
River Tech plc Resolves Interim Cash Dividend Distribution, Payable on or About 23 April 2024 River Tech plc announced that the Board of Directors has resolved to distribute an interim cash dividend in the amount of NOK 2.50 per share, amounting to approximately NOK 51,380,687.50, equal to approximately EUR 4,433,000.09. Ex-date is 11 April 2024. Record Date is 12 April 2024. Payment date is on or about 23 April 2024. Date of approval is 09 April 2024. New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (kr608.3m market cap, or US$57.3m). Announcement • Feb 08
River Tech p.l.c. to Report Fiscal Year 2023 Results on Mar 08, 2024 River Tech p.l.c. announced that they will report fiscal year 2023 results on Mar 08, 2024 New Risk • Jan 17
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 Norwegian stocks, typically moving 13% 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (kr513.8m market cap, or US$48.9m). Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr25.00, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 15x in the Software industry in Norway. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to kr32.60, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 15x in the Software industry in Norway. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr30.20, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 14x in the Software industry in Norway. Total returns to shareholders of 95% over the past three years. Announcement • Oct 05
River Tech p.l.c. to Report Q3, 2023 Results on Nov 02, 2023 River Tech p.l.c. announced that they will report Q3, 2023 results on Nov 02, 2023 Reported Earnings • Sep 05
First half 2023 earnings released: EPS: €0.20 (vs €0.18 in 1H 2022) First half 2023 results: EPS: €0.20 (up from €0.18 in 1H 2022). Revenue: €7.52m (up 11% from 1H 2022). Net income: €4.07m (up 12% from 1H 2022). Profit margin: 54% (in line with 1H 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
River Tech p.l.c. to Report Q2, 2023 Results on Aug 31, 2023 River Tech p.l.c. announced that they will report Q2, 2023 results on Aug 31, 2023 Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr34.20, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 9x in the Software industry in Norway. Total returns to shareholders of 511% over the past three years. Reported Earnings • May 01
Full year 2022 earnings released: EPS: €0.36 (vs €0.23 in FY 2021) Full year 2022 results: EPS: €0.36 (up from €0.23 in FY 2021). Revenue: €14.0m (up 31% from FY 2021). Net income: €7.42m (up 68% from FY 2021). Profit margin: 53% (up from 41% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr40.00, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 31x in the Software industry in Norway. Total returns to shareholders of 236% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to kr42.00, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 51x in the Software industry in Norway. Total returns to shareholders of 223% over the past three years. Board Change • Nov 16
No independent 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. No highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board Lars Carl Qvist was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 02
First half 2022 earnings released: EPS: €0.18 (vs €0.041 in 1H 2021) First half 2022 results: EPS: €0.18 (up from €0.041 in 1H 2021). Revenue: €6.80m (up 48% from 1H 2021). Net income: €3.65m (up 367% from 1H 2021). Profit margin: 54% (up from 17% in 1H 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr45.30, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 51x in the Software industry in Norway. Total returns to shareholders of 89% over the past three years. Board Change • May 31
No independent 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. No highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board Lars Carl Qvist was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 01
Full year 2021 earnings released: EPS: €0.23 (vs €0.66 in FY 2020) Full year 2021 results: EPS: €0.23 (down from €0.66 in FY 2020). Revenue: €10.7m (up 44% from FY 2020). Net income: €4.43m (down 65% from FY 2020). Profit margin: 41% (down from 168% in FY 2020). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent 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. No highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board Lars Carl Qvist was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 19% share price gain to kr64.00, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 111x in the Software industry in Norway. Total returns to shareholders of 162% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 15% share price gain to €51.00, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 45x in the Software industry in Europe. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 20% share price gain to €42.80, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 42x in the Software industry in Europe. Total returns to shareholders of 48% over the past three years. Announcement • Jun 15
Klein Invest AS and the management team of Mediafusion Limited and Media 247 completed the acquisition of Media247 AS and Mediafusion Limited from River iGaming p.l.c. (OB:RIVER-ME). Klein Invest AS and the management team of Mediafusion Limited and Media 247 entered into an agreement to acquire Media247 AS and Mediafusion Limited from River iGaming p.l.c. (OB:RIVER-ME) for €0.6 million on October 19, 2020. The transaction consideration will be paid in cash. The management will structure its acquisition through a newly incorporated holding company which will be inter alia financially backed by Klein Invest AS. The transaction is expected to complete by the end of 2020. The accounting effect of this transaction will be recognized in Q4 2020.
Klein Invest AS and the management team of Mediafusion Limited and Media 247 completed the acquisition of Media247 AS and Mediafusion Limited from River iGaming p.l.c. (OB:RIVER-ME) on June 14, 2021. Recent Insider Transactions • May 04
Executive Director recently bought kr51k worth of stock On the 30th of April, Kent Staahle bought around 1k shares on-market at roughly kr41.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr65k more in shares than they have sold in the last 12 months. Reported Earnings • May 02
Full year 2020 earnings released: EPS €0.02 (vs €1.35 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €7.46m (down 6.1% from FY 2019). Net income: €532.8k (up €26.1m from FY 2019). Profit margin: 7.1% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Is New 90 Day High Low • Feb 26
New 90-day high: kr30.00 The company is up 61% from its price of kr18.60 on 27 November 2020. The Norwegian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: kr20.00 The company is up 25% from its price of kr16.00 on 17 September 2020. The Norwegian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 15% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: kr17.50 The company is up 105% from its price of kr8.55 on 25 August 2020. The Norwegian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 21
New 90-day high: kr17.00 The company is up 162% from its price of kr6.50 on 22 July 2020. The Norwegian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 22% over the same period. Announcement • Oct 20
Klein Invest AS and the management team of Mediafusion Limited and Media 247 entered into an agreement to acquire Media247 AS and Mediafusion Limited from River iGaming p.l.c. (OB:RIVER-ME) for €0.6 million. Klein Invest AS and the management team of Mediafusion Limited and Media 247 entered into an agreement to acquire Media247 AS and Mediafusion Limited from River iGaming p.l.c. (OB:RIVER-ME) for €0.6 million on October 19, 2020. The transaction consideration will be paid in cash. The management will structure its acquisition through a newly incorporated holding company which will be inter alia financially backed by Klein Invest AS. The transaction is expected to complete by the end of 2020. The accounting effect of this transaction will be recognized in Q4 2020. Announcement • Jul 31
River iGaming p.l.c. (OB:RIVER-ME) completed the acquisition of Media247 AS from the founders/employees of Media247 AS together with its early investors. River iGaming p.l.c. (OB:RIVER-ME) entered into an agreement to acquire Media247 AS from the founders/employees of Media247 AS together with its early investors for NOK 11.6 million on April 18, 2019. The deal value is on a cash and debt free basis and is subject to certain adjustments. River iGaming p.l.c will issue 0.25 million shares and NOK 5 million in cash for the deal. Upon completion, Media247 AS will be located at the same location in Oslo. The consideration Shares issued to the sellers will be subject to a 36-month lockup period. The team of Media247 AS will join River iGaming p.l.c. Completion of the transaction is subject to customary closing conditions, including inter alia that no material adverse change has occurred since the date of the agreement and that certain IPR (domains) has been transferred to River iGaming p.l.c. and/or its subsidiaries. It is expected that the transaction will be completed by latest end of May 2019.
River iGaming p.l.c. (OB:RIVER-ME) completed the acquisition of Media247 AS from the founders/employees of Media247 AS together with its early investors on May 2, 2019.