First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind
First quarter 2022 results: kr0.17 loss per share (down from kr0.083 loss in 1Q 2021). Revenue: kr12.7m (up 112% from 1Q 2021). Net loss: kr39.1m (loss widened 155% from 1Q 2021). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 252%, compared to a 21% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.