Board Change • 5h
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. 5 non-independent directors. CEO & Director Johan Eriksson was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (kr19.8m market cap, or US$1.94m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • Aug 28
Second quarter 2024 earnings released: kr0.004 loss per share (vs kr0.002 loss in 2Q 2023) Second quarter 2024 results: kr0.004 loss per share (further deteriorated from kr0.002 loss in 2Q 2023). Revenue: kr6.95m (down 19% from 2Q 2023). Net loss: kr2.70m (loss widened 56% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Aug 17
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 Swedish stocks, typically moving 8.7% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr1.8m free cash flow). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (kr25.1m market cap, or US$2.41m). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Revenue is less than US$5m (kr34m revenue, or US$3.3m). New Risk • Apr 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr38m free cash flow). Earnings have declined by 22% per year over the past 5 years. Market cap is less than US$10m (kr31.2m market cap, or US$2.85m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (kr35m revenue, or US$3.2m). New Risk • Nov 04
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 Swedish stocks, typically moving 111% a day. 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 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 (111% average daily change). Earnings have declined by 22% per year over the past 5 years. Minor Risks Revenue is less than US$5m (kr33m revenue, or US$3.0m). Market cap is less than US$100m (kr274.1m market cap, or US$25.2m). Reported Earnings • Oct 13
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr7.55m (down 4.7% from 3Q 2022). Net loss: kr2.23m (loss widened 65% from 3Q 2022). New Risk • Aug 11
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 Swedish stocks, typically moving 9.0% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr36m free cash flow). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (kr38.8m market cap, or US$3.58m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Revenue is less than US$5m (kr32m revenue, or US$3.0m). Recent Insider Transactions • May 21
Chief Executive Officer recently bought kr94k worth of stock On the 16th of May, Johan Eriksson bought around 2m shares on-market at roughly kr0.047 per share. This transaction amounted to 12% 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 Johan's only on-market trade for the last 12 months. Reported Earnings • Apr 08
Full year 2022 earnings released Full year 2022 results: Revenue: kr29.4m (up 26% from FY 2021). Net loss: kr15.8m (loss narrowed 31% from FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 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. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Anders Larsson 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 • Oct 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr8.15m (up 51% from 3Q 2021). Net loss: kr1.35m (loss narrowed 37% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. 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. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Anders Larsson 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 • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: kr0.055 loss per share (down from kr0.023 loss in FY 2020). Revenue: kr23.3m (up 14% from FY 2020). Net loss: kr22.9m (loss widened 141% from FY 2020). Revenue missed analyst estimates by 38%. Earnings per share (EPS) also missed analyst estimates by 60%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 28
Chief Executive Officer recently bought kr55k worth of stock On the 26th of February, Johan Eriksson bought around 1m shares on-market at roughly kr0.055 per share. This was the largest purchase by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months.