Reported Earnings • Feb 18
Full year 2024 earnings released: kr0.68 loss per share (vs kr34.14 loss in FY 2023) Full year 2024 results: kr0.68 loss per share (improved from kr34.14 loss in FY 2023). Revenue: kr695.0m (down 13% from FY 2023). Net loss: kr1.00m (loss narrowed 100% from FY 2023). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr38m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Market cap is less than US$10m (kr42.8m market cap, or US$3.83m). Reported Earnings • Dec 03
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr163.0m (up 20% from 3Q 2023). Net loss: kr96.0m (loss narrowed 62% from 3Q 2023). Announcement • Sep 24
Footway Group AB (publ), Annual General Meeting, May 22, 2025 Footway Group AB (publ), Annual General Meeting, May 22, 2025. Location: kista Sweden New Risk • Jul 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr98.0m (US$9.04m) 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 Less than 1 year of cash runway based on free cash flow trend (-kr35m free cash flow). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (kr98.0m market cap, or US$9.04m). Minor Risk Shareholders have been diluted in the past year (48% increase in shares outstanding). Reported Earnings • Jul 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr115.0m (down 52% from 2Q 2023). Net loss: kr17.0m (loss narrowed 19% from 2Q 2023). New Risk • May 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 48% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr45m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 55% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (kr141.4m market cap, or US$12.9m). Reported Earnings • Apr 12
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr290.0m (up 34% from 1Q 2023). Net income: kr119.0m (up kr157.0m from 1Q 2023). Profit margin: 41% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 3 percentage points per year. Reported Earnings • Jan 19
Full year 2023 earnings released: kr3.41 loss per share (vs kr3.11 loss in FY 2022) Full year 2023 results: kr3.41 loss per share (further deteriorated from kr3.11 loss in FY 2022). Revenue: kr799.0m (down 27% from FY 2022). Net loss: kr348.0m (loss widened 17% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 8 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 01
MD, CEO & Director recently bought kr395k worth of stock On the 26th of November, Daniel Muhlbach bought around 789k shares on-market at roughly kr0.50 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Daniel's only on-market trade for the last 12 months. New Risk • Nov 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr103.0m (US$9.85m) 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 Earnings have declined by 62% per year over the past 5 years. Market cap is less than US$10m (kr103.0m market cap, or US$9.85m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Oct 13
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr136.0m (down 48% from 3Q 2022). Net loss: kr254.0m (loss widened kr233.0m from 3Q 2022). Reported Earnings • Jul 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr240.0m (down 15% from 2Q 2022). Net loss: kr21.0m (loss narrowed 46% from 2Q 2022). Reported Earnings • Apr 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr216.0m (down 7.7% from 1Q 2022). Net loss: kr38.0m (loss narrowed 51% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 05
Full year 2022 earnings released: kr2.88 loss per share (vs kr0.72 loss in FY 2021) Full year 2022 results: kr2.88 loss per share (further deteriorated from kr0.72 loss in FY 2021). Revenue: kr1.10b (down 27% from FY 2021). Net loss: kr294.0m (loss widened 361% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 1 independent director (5 non-independent directors). Independent Chairman of the Board Helene Willberg was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 16
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr262.0m (down 23% from 3Q 2021). Net loss: kr21.0m (loss widened 31% from 3Q 2021). Reported Earnings • Jul 16
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr282.0m (down 27% from 2Q 2021). Net loss: kr39.0m (loss widened 179% from 2Q 2021). Reported Earnings • Jun 01
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr234.0m (down 31% from 1Q 2021). Net loss: kr77.0m (loss widened 208% from 1Q 2021). Board Change • Apr 27
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. 6 non-independent directors. Director Jakob Mörndal was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 14
Director recently bought kr85k worth of stock On the 12th of April, Jakob Mörndal bought around 10k shares on-market at roughly kr8.48 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr195k. Insiders have collectively bought kr431k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 28
MD, CEO & Director recently bought kr152k worth of stock On the 25th of March, Daniel Muhlbach bought around 15k shares on-market at roughly kr9.85 per share. In the last 3 months, they made an even bigger purchase worth kr195k. Daniel has been a buyer over the last 12 months, purchasing a net total of kr347k worth in shares. Recent Insider Transactions • Feb 25
MD, CEO & Director recently bought kr195k worth of stock On the 22nd of February, Daniel Muhlbach bought around 15k shares on-market at roughly kr12.73 per share. This was the largest purchase by an insider in the last 3 months. This was Daniel's only on-market trade for the last 12 months. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.66 loss per share (down from kr0.32 loss in FY 2020). Revenue: kr1.50b (up 38% from FY 2020). Net loss: kr59.0m (loss widened 136% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 13
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and revenues, although control over costs improved. Third quarter 2021 results: Revenue: kr338.0m (down 305% from 3Q 2020). Net loss: kr16.0m (down 147% from profit in 3Q 2020). Reported Earnings • Jul 11
Second quarter 2021 earnings released: kr0.21 loss per share (vs kr0.15 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: kr388.0m (up 134% from 2Q 2020). Net loss: kr14.0m (loss widened 56% from 2Q 2020). Recent Insider Transactions Derivative • Apr 11
MD, CEO & Director exercised options to buy kr21m worth of stock. On the 9th of April, Daniel Mühlbach exercised options to buy 800k shares at a strike price of around kr15.00, costing a total of kr12m. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since June 2020, Daniel has owned 9.23m shares directly. This was the only transaction from an insider over the last 12 months. Is New 90 Day High Low • Jan 30
New 90-day high: kr31.00 The company is up 68% from its price of kr18.40 on 30 October 2020. The Swedish market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: kr28.60 The company is up 66% from its price of kr17.20 on 08 October 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: kr22.40 The company is up 24% from its price of kr18.00 on 16 September 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 07
New 90-day high: kr20.00 The company is up 15% from its price of kr17.40 on 07 August 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 35% over the same period.