Reported Earnings • Nov 11
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr8.66m (down 56% from 3Q 2023). Net loss: kr3.11m (loss narrowed 60% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. New Risk • Nov 02
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 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr11m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (kr37.5m market cap, or US$3.48m). New Risk • Sep 12
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 12% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr11m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (kr35.3m market cap, or US$3.41m). Reported Earnings • Aug 19
Second quarter 2024 earnings released: kr0.02 loss per share (vs kr0.032 loss in 2Q 2023) Second quarter 2024 results: kr0.02 loss per share (improved from kr0.032 loss in 2Q 2023). Revenue: kr13.2m (down 48% from 2Q 2023). Net loss: kr2.33m (loss narrowed 42% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 13
First quarter 2024 earnings released: kr0.11 loss per share (vs kr0.009 profit in 1Q 2023) First quarter 2024 results: kr0.11 loss per share (down from kr0.009 profit in 1Q 2023). Revenue: kr18.5m (down 41% from 1Q 2023). Net loss: kr13.6m (down kr14.8m from profit in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 13
Full year 2023 earnings released: kr0.069 loss per share (vs kr0.40 loss in FY 2022) Full year 2023 results: kr0.069 loss per share (improved from kr0.40 loss in FY 2022). Revenue: kr99.3m (down 15% from FY 2022). Net loss: kr8.68m (loss narrowed 72% from FY 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 12
Full year 2022 earnings released: kr0.24 loss per share (vs kr0.05 loss in FY 2021) Full year 2022 results: kr0.24 loss per share (further deteriorated from kr0.05 loss in FY 2021). Revenue: kr118.0m (down 1.1% from FY 2021). Net loss: kr30.6m (loss widened kr29.1m from FY 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Electronic 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 29% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Dec 31
Insider recently bought kr94k worth of stock On the 27th of December, Nicklas Raask bought around 200k shares on-market at roughly kr0.47 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr186k more in shares than they have sold in the last 12 months. Board Change • Nov 16
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 Lena Sundsvik was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 21
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr29.3m (down 2.7% from 2Q 2021). Net loss: kr2.30m (loss widened 175% from 2Q 2021). Buying Opportunity • Jun 08
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be kr0.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 107% over the last 3 years. Earnings per share has grown by 29%. Buying Opportunity • May 10
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 8.1%. The fair value is estimated to be kr1.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 107% over the last 3 years. Earnings per share has grown by 29%. 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. 5 non-independent directors. Director Lena Sundsvik was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Mar 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be kr1.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 107% per annum over the last 3 years. Earnings per share has grown by 29% per annum over the last 3 years. Buying Opportunity • Feb 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be kr1.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 107% per annum over the last 3 years. Earnings per share has grown by 29% per annum over the last 3 years. Reported Earnings • Aug 21
Second quarter 2021 earnings released The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: kr30.8m (up kr30.2m from 2Q 2020). Net loss: kr839.0k (loss widened 18% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 20
Chairman recently bought kr92k worth of stock On the 15th of June, Lars Save bought around 55k shares on-market at roughly kr1.67 per share. In the last 3 months, they made an even bigger purchase worth kr104k. Lars has been a buyer over the last 12 months, purchasing a net total of kr642k worth in shares. Recent Insider Transactions • Jun 05
Chairman recently bought kr51k worth of stock On the 3rd of June, Lars Save bought around 38k shares on-market at roughly kr1.32 per share. This was the largest purchase by an insider in the last 3 months. Lars has been a buyer over the last 12 months, purchasing a net total of kr446k worth in shares. Upcoming Dividend • May 08
Upcoming dividend of kr0.10 per share Eligible shareholders must have bought the stock before 14 May 2021. Payment date: 20 May 2021. Trailing yield: 6.1%. Within top quartile of Swedish dividend payers (3.4%). Higher than average of industry peers (0.9%). Recent Insider Transactions • Apr 14
Director recently sold kr63k worth of stock On the 9th of April, Lars Kingelin sold around 40k shares on-market at roughly kr1.58 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr333k more than they sold in the last 12 months. Recent Insider Transactions • Feb 27
Chairman recently bought kr128k worth of stock On the 24th of February, Lars Save bought around 100k shares on-market at roughly kr1.28 per share. This was the largest purchase by an insider in the last 3 months. Lars has been a buyer over the last 12 months, purchasing a net total of kr320k worth in shares. Is New 90 Day High Low • Feb 26
New 90-day high: kr1.28 The company is up 6.0% from its price of kr1.21 on 27 November 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: kr1.07 The company is down 3.0% from its price of kr1.10 on 30 July 2020. The Swedish market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period. Recent Insider Transactions • Oct 18
Chairman recently bought kr151k worth of stock On the 16th of October, Lars Save bought around 121k shares on-market at roughly kr1.24 per share. This was the largest purchase by an insider in the last 3 months. Lars has been a buyer over the last 12 months, purchasing a net total of kr192k worth in shares. Announcement • Jun 29
Xavitech AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 20.001011 million. Xavitech AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 20.001011 million.
Security Name: B Shares
Security Type: Common Stock
Securities Offered: 16,000,809
Price\Range: SEK 1.25
Transaction Features: Rights Offering