New Risk • May 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr919.3m (US$99.2m) This is considered a minor 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 Risk High level of non-cash earnings (87% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (kr919.3m market cap, or US$99.2m). New Risk • May 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.6% Last year net profit margin: 10.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (87% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr26.50, the stock trades at a trailing P/E ratio of 70.3x. Average trailing P/E is 26x in the Software industry in Sweden. Total returns to shareholders of 165% over the past three years. Upcoming Dividend • Apr 22
Upcoming dividend of kr0.14 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 06 May 2026. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Swedish dividend payers (4.0%). Lower than average of industry peers (1.8%). New Risk • Apr 14
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 7.3% 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 (7.3% average weekly change). Market cap is less than US$100m (kr702.0m market cap, or US$76.6m). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to kr19.16, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 24x in the Software industry in Sweden. Total returns to shareholders of 122% over the past three years. Announcement • Apr 11
Advenica AB Launches File Scanner Kiosk Advenica announced the launch of its latest innovation, the Advenica File Scanner Kiosk. Designed to protect businesses from the growing risk of malware, this user-friendly and powerful kiosk offers advanced security for scanning of malware on USB media. With the reliance on external media for file transfers, organizations face increased vulnerability to malware. The File Scanner Kiosk addresses this challenge by providing an automated, reliable, and efficient way to scan USB media for malware before they enter a secure network. The system uses advanced antivirus technologies to detect and alert users to potential threats, ensuring clean file transfers and uninterrupted operations. Advenica's File Scanner Kiosk is ideal for organizations that rely on USBs for importing installation files, software updates, or user data. Whether deployed in production facilities, offices, or other secure environments, the File Scanner Kiosk offers peace of mind by mitigating the risk of malware infections and reducing operational disruptions. The File Scanner Kiosk is now available for orders and can be integrated into company's cybersecurity strategy. Announcement • Mar 24
Advenica AB Launches New Data Diode for Railway Advenica AB announced the launch of a new data diode called DD500E-R, which has been specifically designed for railway trackside installations. This new addition to Advenica's data diode portfolio, brings the same powerful capabilities and trusted performance as the current DD500E, in addition to new features that are designed to meet the demanding requirements of railway infrastructure environments. By making operational data available outside the protected environment, rail operators can enable real-time monitoring, analytics, and predictive maintenance while preserving strict cybersecurity boundaries. This allows infrastructure owners to gain valuable operational insight and improve reliability without compromising the security of safety-critical railway systems. Approved for railway trackside. Engineered for reliability in railway trackside applications, this data diode is designed in accordance with key railway standards, including EN 50121-4 for electromagnetic compatibility and EN 50125-3 for environmental conditions in trackside installations. It enables secure one-way transfer of data from highly sensitive rail systems while maintaining the system's air-gapped protection. Operational data such as telemetry, diagnostics, and status information can be exported safely without exposing signalling or other critical infrastructure systems to external networks. Declared Dividend • Feb 18
Dividend increased to kr0.14 Dividend of kr0.14 is 56% higher than last year. Ex-date: 29th April 2026 Payment date: 6th May 2026 Dividend yield will be 0.8%, which is higher than the industry average of 0.5%. Announcement • Feb 17
Advenica AB (publ) announces Annual dividend, payable on May 06, 2026 Advenica AB (publ) announced Annual dividend of SEK 0.1400 per share payable on May 06, 2026, ex-date on April 29, 2026 and record date on April 30, 2026. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: kr0.38 (vs kr0.18 in FY 2024) Full year 2025 results: EPS: kr0.38 (up from kr0.18 in FY 2024). Revenue: kr203.3m (up 25% from FY 2024). Net income: kr16.6m (up 106% from FY 2024). Profit margin: 8.2% (up from 5.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Advenica AB (publ), Annual General Meeting, Apr 28, 2026 Advenica AB (publ), Annual General Meeting, Apr 28, 2026. New Risk • Dec 18
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 7.4% 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 (7.4% average weekly change). Market cap is less than US$100m (kr713.5m market cap, or US$76.7m). Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to kr18.20, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 26x in the Software industry in Sweden. Total returns to shareholders of 114% over the past three years. Buy Or Sell Opportunity • Dec 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to kr14.52. The fair value is estimated to be kr18.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 71%. Buy Or Sell Opportunity • Nov 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to kr15.02. The fair value is estimated to be kr18.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 71%. Buy Or Sell Opportunity • Oct 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to kr14.48. The fair value is estimated to be kr18.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 71%. Reported Earnings • Oct 24
Third quarter 2025 earnings released: kr0.07 loss per share (vs kr0.065 loss in 3Q 2024) Third quarter 2025 results: kr0.07 loss per share (further deteriorated from kr0.065 loss in 3Q 2024). Revenue: kr34.1m (up 7.9% from 3Q 2024). Net loss: kr3.23m (loss widened 13% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr16.30, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 32x in the Software industry in Sweden. Total returns to shareholders of 63% over the past three years. New Risk • Jul 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr978.7m (US$100.0m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 20
Second quarter 2025 earnings released: EPS: kr0.24 (vs kr0.12 in 2Q 2024) Second quarter 2025 results: EPS: kr0.24 (up from kr0.12 in 2Q 2024). Revenue: kr60.3m (up 26% from 2Q 2024). Net income: kr10.7m (up 92% from 2Q 2024). Profit margin: 18% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr26.00, the stock trades at a trailing P/E ratio of 61.3x. Average trailing P/E is 33x in the Software industry in Sweden. Total returns to shareholders of 184% over the past three years. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: kr0.21 (vs kr0.029 loss in 1Q 2024) First quarter 2025 results: EPS: kr0.21 (up from kr0.029 loss in 1Q 2024). Revenue: kr58.1m (up 77% from 1Q 2024). Net income: kr9.30m (up kr10.6m from 1Q 2024). Profit margin: 16% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. New Risk • Feb 24
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 7.7% 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: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (kr497.0m market cap, or US$46.7m). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr13.00, the stock trades at a trailing P/E ratio of 71x. Average forward P/E is 26x in the Software industry in Sweden. Total returns to shareholders of 9.7% over the past three years. Announcement • Feb 18
Advenica AB (Publ) Announces Annual Dividend, Payable on May 02, 2025 Advenica AB (publ) announced Annual dividend of SEK 0.0900 per share payable on May 02, 2025, ex-date on April 25, 2025 and record date on April 28, 2025. Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: kr0.18 (vs kr0.094 loss in FY 2023) Full year 2024 results: EPS: kr0.18 (up from kr0.094 loss in FY 2023). Revenue: kr162.2m (up 8.9% from FY 2023). Net income: kr8.05m (up kr12.2m from FY 2023). Profit margin: 5.0% (up from net loss in FY 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Sweden. 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 1% per year, which means it is significantly lagging earnings growth. Board Change • Feb 01
Insufficient new 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. 2 highly experienced directors. Independent Director Ola Alfredsson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 18
Advenica Launches New Product Engineered for Secure Data Transferings Up to 10G Advenica announced that it has launch their new product; a hardware-enforced data diode with a SFP module form factor. Engineered for secure, high-speed data transfers, the SFP-based data diode, DDSFX-10G, guarantees one-way data flow between networks that can be up to 10 kilometres apart. The SFP-based 10G data diode enables secure data transfers between separate networks while ensuring data integrity. This is of particular importance for shipping, transportation, military and other critical environments that need a solution for secure data transfer between networks that are physically separated. With the SFP-based data Diode, sending and receiving data securely has never been easier. One simply plugs the SFP modules into compatible hardware, connects them with a fibre cable, and configures the interfaces. The SFP standard enables user supplied hardware that meet specific requirements such as military or industrial standards. Common Use Cases for the DDSFX-10G Include: File Transfers: Securely transmit files at speed up to 10G. Real-Time Data Streaming: M maintain the integrity of live feeds. Database Replication: Ensure data consistency across separate networks. Remote Monitoring: Monitor operations securely from a distance. Announcement • Nov 14
Advenica Launches Hardware-Based Cybersecurity Solution Advenica now announced a new solution for all manufacturers that need remote support with intact network
integrity or machine builders that wants to offer their customers secure machine connections while still being
able to offer analysis services, with minimal cybersecurity risks. With this new solution, the attack surface and exposure are minimised, providing a new level of security, while enabling digital services expected in Industry 4.0. This cybersecurity solution based on physically enforced, always open, one-way data flow combined with two-way data flow, only when needed, delivers an exceptionally powerful and secure solution. The problem of today is that the OT environment is at risk of hacker attacks when there is a two-way data flow to the manufacturing sites that can exploit the integrity in either direction. Advenica now offers a solution of realising the idea of industry 4.0 with connected equipment, in a secure way. By combining ad-hoc access for two-way data flow with a constantly online hardware-secured and impenetrable one-way data flow to send production data to any desired location. At times when remote support is needed, a temporary two-way access is established and when the job is complete the connection is taken offline, minimising the attack surface. Announcement • Oct 28
Advenica AB (publ), Annual General Meeting, Apr 24, 2025 Advenica AB (publ), Annual General Meeting, Apr 24, 2025. Reported Earnings • Oct 25
Third quarter 2024 earnings released: kr0.07 loss per share (vs kr0.18 loss in 3Q 2023) Third quarter 2024 results: kr0.07 loss per share (improved from kr0.18 loss in 3Q 2023). Revenue: kr31.6m (up 20% from 3Q 2023). Net loss: kr2.87m (loss narrowed 64% from 3Q 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: kr0.12 (vs kr0.18 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.12 (up from kr0.18 loss in 2Q 2023). Revenue: kr47.9m (up 55% from 2Q 2023). Net income: kr5.61m (up kr13.7m from 2Q 2023). Profit margin: 12% (up from net loss in 2Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
First quarter 2024 earnings released: kr0.03 loss per share (vs kr0.17 profit in 1Q 2023) First quarter 2024 results: kr0.03 loss per share (down from kr0.17 profit in 1Q 2023). Revenue: kr32.9m (down 28% from 1Q 2023). Net loss: kr1.30m (down 117% from profit in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Mar 22
Advenica Launches a Service for Data Diode Engine with Support for MQTT Advenica Data Diode Engine is a stand-alone proxy software solution that enables efficient and secure data transfer through Ethernet-based data diodes. Combined with application-specific services, the product enables network segmentation solutions for a variety of installation environments. The latest version of the Data Diode Engine, v1.1, includes a new service with support for MQTT, the IoT messaging standard. The Data Diode Engine MQTT service ensures a secure extension of the MQTT publish and subscribe architecture over a data diode. The service enables devices located on a critical network to publish telemetry data for client subscribers located on a different network without exposing the critical network environment. Reported Earnings • Feb 19
Full year 2023 earnings released: kr0.09 loss per share (vs kr0.049 loss in FY 2022) Full year 2023 results: kr0.09 loss per share (further deteriorated from kr0.049 loss in FY 2022). Revenue: kr148.9m (up 26% from FY 2022). Net loss: kr4.12m (loss widened 107% from FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 06
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to kr9.84. The fair value is estimated to be kr7.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Dec 07
Advenica Launches Data Diode Engine Advenica AB (publ) launched Data Diode Engine - a proxy software solution for secure data transfer. The Advenica Data Diode Engine is a stand-alone proxy software solution that enables efficient and secure data transfer through Ethernet-based data diodes. In combination with ready-to-use software services it enables use case specific network segmentation solutions for a variety of installation environments. The Advenica Data diode Engine enables the creation of unidirectional network segmentation solutions using application- specific services. Use cases include for example secure file transfer, secure time import, secure data extraction and secure log export. The product can run on different types of hardware, independent from the data diode that provides the physical network segmentation. This introduces a flexibility in how a solution is designed, with regards to function, scalability and cost structure. The release of the Advenica Data Diode engine initiates a software offering for the data diode portfolio. The portfolio will continue to expand with a growing library of data diode services and compatible hardware. Reported Earnings • Oct 27
Third quarter 2023 earnings released: kr0.18 loss per share (vs kr0.07 loss in 3Q 2022) Third quarter 2023 results: kr0.18 loss per share (further deteriorated from kr0.07 loss in 3Q 2022). Revenue: kr26.4m (up 6.2% from 3Q 2022). Net loss: kr7.88m (loss widened 152% from 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 23
Second quarter 2023 earnings released: kr0.18 loss per share (vs kr0.03 loss in 2Q 2022) Second quarter 2023 results: kr0.18 loss per share (further deteriorated from kr0.03 loss in 2Q 2022). Revenue: kr30.9m (up 15% from 2Q 2022). Net loss: kr8.12m (loss widened kr6.99m from 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr10.00, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 42x in the Software industry in Sweden. Total returns to shareholders of 225% over the past three years. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: kr0.17 (vs kr0.17 loss in 1Q 2022) First quarter 2023 results: EPS: kr0.17 (up from kr0.17 loss in 1Q 2022). Revenue: kr45.9m (up 121% from 1Q 2022). Net income: kr7.55m (up kr13.8m from 1Q 2022). Profit margin: 17% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 19
Full year 2022 earnings released: kr0.05 loss per share (vs kr0.49 loss in FY 2021) Full year 2022 results: kr0.05 loss per share (improved from kr0.49 loss in FY 2021). Revenue: kr118.4m (up 17% from FY 2021). Net loss: kr1.99m (loss narrowed 88% from FY 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be kr10.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Oct 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be kr11.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Oct 26
Third quarter 2022 earnings released: kr0.07 loss per share (vs kr0.20 loss in 3Q 2021) Third quarter 2022 results: kr0.07 loss per share (improved from kr0.20 loss in 3Q 2021). Revenue: kr24.8m (up 49% from 3Q 2021). Net loss: kr3.13m (loss narrowed 57% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2022 earnings released: kr0.03 loss per share (vs kr0.20 loss in 2Q 2021) Second quarter 2022 results: kr0.03 loss per share (up from kr0.20 loss in 2Q 2021). Revenue: kr26.8m (up 31% from 2Q 2021). Net loss: kr1.13m (loss narrowed 85% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 01
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr0.17 loss per share (up from kr0.48 loss in 1Q 2021). Revenue: kr20.7m (up 151% from 1Q 2021). Net loss: kr6.25m (loss narrowed 61% from 1Q 2021). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the last 3 years on average, earnings per share has increased by 57% per year whereas the company’s share price has increased by 61% per year. Reported Earnings • Feb 18
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: kr0.46 loss per share (up from kr0.72 loss in FY 2020). Revenue: kr101.3m (up 20% from FY 2020). Net loss: kr17.0m (loss narrowed 15% from FY 2020). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 12%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 29
Third quarter 2021 earnings released: kr0.20 loss per share (vs kr0.26 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr16.7m (up 51% from 3Q 2020). Net loss: kr7.35m (loss narrowed 15% from 3Q 2020). 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 24% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 01
Independent Director recently sold kr420k worth of stock On the 30th of July, Anders Silwer sold around 27k shares on-market at roughly kr15.58 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 22
Second quarter 2021 earnings released: kr0.20 loss per share (vs kr0.57 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr20.6m (up 60% from 2Q 2020). Net loss: kr7.44m (loss narrowed 41% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
First quarter 2021 earnings released: kr0.48 loss per share (vs kr0.15 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: kr8.27m (down 65% from 1Q 2020). Net loss: kr15.9m (loss widened 389% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 20
Full year 2020 earnings released: kr0.60 loss per share (vs kr1.95 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: kr84.4m (up 12% from FY 2019). Net loss: kr20.0m (loss narrowed 54% from FY 2019). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 04
New 90-day high: kr4.46 The company is up 1.0% from its price of kr4.42 on 06 October 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 42% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: kr3.60 The company is down 16% from its price of kr4.28 on 11 September 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 39% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: kr3.71 The company is down 23% from its price of kr4.80 on 27 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 4.0% over the same period. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total losses of kr30.0m, with losses narrowing by 43% from the prior year. Total revenue was kr74.9m over the last 12 months, up 24% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: kr3.95 The company is down 41% from its price of kr6.72 on 24 July 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 13% over the same period. Announcement • Sep 23
Advenica Receives New Order from Swedish Authority Advenica has received a new order from a Swedish authority. The deal is worth SEK 5 million and deliveries will take place continuously during 2020 and during the first half of 2021.