Buy Or Sell Opportunity • 10h
Now 26% overvalued Over the last 90 days, the stock has fallen 9.3% to kr1.13. The fair value is estimated to be kr0.90, 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 became loss making. Reported Earnings • Aug 16
Second quarter 2026 earnings: Revenues in line with analyst expectations Second quarter 2026 results: Revenue: kr32.6m (down 3.3% from 2Q 2025). Net loss: kr14.3m (down kr16.7m from profit in 2Q 2025). Revenue was in line with analyst estimates. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 08
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr155.0m to kr129.0m. Forecast loss of -kr0.07, down from profit of kr0.04 per share profit previously. Communications industry in Sweden expected to see average net income growth of 60% next year. Consensus price target down from kr1.60 to kr1.25. Share price was steady at kr1.05 over the past week. Recent Insider Transactions • Apr 26
Chief Commercial Officer recently bought kr201k worth of stock On the 23rd of April, Kristian Wallin bought around 181k shares on-market at roughly kr1.11 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr319k. Despite this recent purchase, insiders have collectively sold kr278k more in shares than they bought in the last 12 months. New Risk • Apr 23
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 9.2% 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 (9.2% average weekly change). Market cap is less than US$100m (kr295.4m market cap, or US$31.9m). Reported Earnings • Apr 13
Full year 2025 earnings released: kr0.001 loss per share (vs kr0.01 profit in FY 2024) Full year 2025 results: kr0.001 loss per share (down from kr0.01 profit in FY 2024). Revenue: kr135.0m (down 2.0% from FY 2024). Net loss: kr237.0k (down 112% from profit in FY 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, while revenues in the Communications industry in Sweden are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 31
KebNi AB (publ), Annual General Meeting, May 06, 2026 KebNi AB (publ), Annual General Meeting, May 06, 2026, at 14:00 W. Europe Standard Time. Location: at the company`s premises, vagogatan 6 in kista, Sweden Recent Insider Transactions • Mar 20
Chief Commercial Officer recently bought kr319k worth of stock On the 18th of March, Kristian Wallin bought around 249k shares on-market at roughly kr1.28 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr479k more in shares than they bought in the last 12 months. Reported Earnings • Feb 15
Full year 2025 earnings released: kr0.001 loss per share (vs kr0.01 profit in FY 2024) Full year 2025 results: kr0.001 loss per share (down from kr0.01 profit in FY 2024). Revenue: kr137.0m (flat on FY 2024). Net loss: kr237.0k (down 112% from profit in FY 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, while revenues in the Communications industry in Sweden are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 13
Price target decreased by 23% to kr1.80 Down from kr2.35, the current price target is provided by 1 analyst. New target price is 19% above last closing price of kr1.51. Stock is up 38% over the past year. The company is forecast to post earnings per share of kr0.03 for next year compared to kr0.01 last year. Major Estimate Revision • Jan 29
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr150.0m to kr140.0m. EPS estimate also fell from kr0.04 per share to kr0.03 per share. Net income forecast to grow 175% next year vs 46% growth forecast for Communications industry in Sweden. Consensus price target of kr2.25 unchanged from last update. Share price fell 9.4% to kr1.63 over the past week. New Risk • Jan 02
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 8.5% 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 (8.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (kr446.5m market cap, or US$48.5m). Major Estimate Revision • Oct 14
Consensus EPS estimates fall by 40% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr164.0m to kr151.0m. EPS estimate also fell from kr0.05 per share to kr0.03 per share. Net income forecast to grow 782% next year vs 56% growth forecast for Communications industry in Sweden. Consensus price target down from kr2.35 to kr2.25. Share price fell 13% to kr1.83 over the past week. Recent Insider Transactions • Sep 21
Insider recently sold kr240k worth of stock On the 15th of September, Fredrik Jonsson sold around 100k shares on-market at roughly kr2.40 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr661k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 26
Chief Commercial Officer exercised options to buy kr891k worth of stock. On the 22nd of August, Kristian Wallin exercised options to buy 346k shares at a strike price of around kr1.76, costing a total of kr609k. This transaction amounted to 69% of their direct individual holding at the time of the trade. Since March 2025, Kristian has owned 500.00k shares directly. Company insiders have collectively bought kr238k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 14
Second quarter 2025 earnings: Revenues in line with analyst expectations Second quarter 2025 results: Revenue: kr36.7m (up 12% from 2Q 2024). Net income: kr2.39m (up 44% from 2Q 2024). Profit margin: 6.5% (up from 5.1% in 2Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Communications industry in Sweden. Reported Earnings • May 02
First quarter 2025 earnings released First quarter 2025 results: Revenue: kr37.1m (up 13% from 1Q 2024). Net income: kr874.0k (down 58% from 1Q 2024). Profit margin: 2.4% (down from 6.3% in 1Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Apr 08
KebNi AB (publ), Annual General Meeting, May 08, 2025 KebNi AB (publ), Annual General Meeting, May 08, 2025, at 15:00 W. Europe Standard Time. Location: at the company`s premises, at vagogatan 6, kista Sweden Announcement • Apr 07
Magnus Edman Declines Re-Election to the Board of Directors of KebNi AB (publ) KebNi AB (publ) announced that Magnus Edman has declined re-election to the board of directors. Reported Earnings • Mar 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr0.01 (up from kr0.15 loss in FY 2023). Revenue: kr137.7m (up 92% from FY 2023). Net income: kr2.00m (up kr41.0m from FY 2023). Profit margin: 1.5% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Communications industry in Sweden. 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 24% per year, which means it is significantly lagging earnings growth. New Risk • Mar 10
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 13% 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (kr469.1m market cap, or US$46.5m). Reported Earnings • Feb 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr0.007 (up from kr0.15 loss in FY 2023). Revenue: kr142.6m (up 98% from FY 2023). Net income: kr2.00m (up kr41.0m from FY 2023). Profit margin: 1.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Communications industry in Sweden. 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 19% per year, which means it is significantly lagging earnings growth. New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings have declined by 7.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr19m). Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (kr303.7m market cap, or US$28.0m). Board Change • Jan 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Jan Wareby was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 25
KebNi AB (publ) to Report Fiscal Year 2024 Results on Feb 13, 2025 KebNi AB (publ) announced that they will report fiscal year 2024 results on Feb 13, 2025 Announcement • Oct 22
Kebni Closes Down the Operations in Its Subsidiary Satmission AB On September 27, the Board of Kebni AB (publ) made the strategic decision to explore the alternative to close down the subsidiary Satmission AB, due to low capacity utilization in the company and a declining market for Drive-away satcom terminals. The union negotiations have now been concluded and the union had no objections to the closure. Therefore the Board is now closing down the operations in Satmission AB. The company’s five employees will be laid off as of November 1st 2024. Reported Earnings • Aug 16
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr33.7m (up 285% from 2Q 2023). Net income: kr1.66m (up kr12.6m from 2Q 2023). Profit margin: 4.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr34.1m (up 152% from 1Q 2023). Net income: kr2.08m (up kr12.3m from 1Q 2023). Profit margin: 6.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Communications industry in Sweden. 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 14% per year, which means it is significantly lagging earnings growth. Announcement • Apr 06
KebNi AB (publ), Annual General Meeting, May 16, 2024 KebNi AB (publ), Annual General Meeting, May 16, 2024. Recent Insider Transactions • Mar 15
Independent Director recently bought kr198k worth of stock On the 13th of March, Magnus Edman bought around 138k shares on-market at roughly kr1.44 per share. This transaction amounted to 15% 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 kr594k more in shares than they have sold in the last 12 months. Announcement • Mar 01
Kebni Announces CFO Changes, Effective April 23 2024 KebNi AB (publ) announced the appointment of Johanna Toll Meyer as its new CFO, replacing current CFO Andreas Larsson, effective April 23rd 2024. Johanna Toll Meyer has broad experience and expertise in finance and accounting, with previous roles including Auditor and Manager at Grant Thornton, Auditor at Riksrevisionen (Swedish National Audit Office) as well as Finance Manager in the retail industry. She holds a bachelor’s in business administration with a specialization in International Business from Örebro University and the University of Brighton (UK). Having worked at Kebni as Head of Accounting since October 2022, Johanna has developed a deep understanding of the company, uniquely positioning her to excel in her new role as CFO. Reported Earnings • Feb 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: kr0.14 loss per share (improved from kr0.41 loss in FY 2022). Revenue: kr76.8m (up 130% from FY 2022). Net loss: kr39.0m (loss narrowed 39% from FY 2022). Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 75%. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Communications industry in Sweden. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Recent Insider Transactions • Jan 18
Chief Financial Officer recently sold kr536k worth of stock On the 15th of January, Andreas Larsson sold around 424k shares on-market at roughly kr1.26 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andreas has been a net seller over the last 12 months, reducing personal holdings by kr346k. New Risk • Oct 25
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 8.3% 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 Less than 1 year of cash runway based on current free cash flow (-kr45m). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (kr39m revenue, or US$3.5m). Market cap is less than US$100m (kr295.8m market cap, or US$26.6m). Recent Insider Transactions • Oct 01
Insider recently bought kr119k worth of stock On the 26th of September, Fredrik Jonsson bought around 100k shares on-market at roughly kr1.19 per share. This transaction amounted to 30% 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 kr1.7m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 28
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr9.71m (up 14% from 2Q 2022). Net loss: kr10.9m (loss widened 108% from 2Q 2022). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Communications industry in Sweden. Breakeven Date Change • Aug 28
Forecast to breakeven in 2024 The analyst covering KebNi expects the company to break even for the first time. New forecast suggests losses will reduce by 64% to 2023. The company is expected to make a profit of kr4.00m in 2024. Average annual earnings growth of 112% is required to achieve expected profit on schedule. Buying Opportunity • Aug 07
Now 20% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be kr1.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 213% in a year. Earnings is forecast to grow by 74% in the next year. Recent Insider Transactions • Jul 07
Chief Commercial Officer recently bought kr111k worth of stock On the 4th of July, Kristian Wallin bought around 91k shares on-market at roughly kr1.21 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr345k. Insiders have collectively bought kr1.5m more in shares than they have sold in the last 12 months. Board Change • Jun 04
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Magnus Edman is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Magnus Edman is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 25
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr13.6m (up 70% from 1Q 2022). Net loss: kr10.2m (loss narrowed 13% from 1Q 2022). Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Communications industry in Sweden. 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 18% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 24
Independent Director recently bought kr345k worth of stock On the 20th of April, Magnus Edman bought around 300k shares on-market at roughly kr1.15 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr620k. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 20
Insider recently bought kr193k worth of stock On the 17th of March, Erik Wiberg bought around 136k shares on-market at roughly kr1.42 per share. This transaction increased Erik's direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr620k. Insiders have collectively bought kr1.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 28
Independent Director recently bought kr620k worth of stock On the 24th of February, Jan Wareby bought around 531k shares on-market at roughly kr1.17 per share. This transaction amounted to 53% 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 kr1.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions Derivative • Feb 03
Independent Director exercised options to buy kr183k worth of stock. On the 27th of January, Magnus Edman exercised options to buy 183k shares at a strike price of around kr0.79, costing a total of kr145k. This transaction amounted to 41% of their direct individual holding at the time of the trade. Since March 2022, Magnus has owned 450.00k shares directly. Company insiders have collectively bought kr1.0m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jan 11
Kebni AB (Publ) Appoints Rickard Svensson as Head of Asia-Pacific Region KebNi AB (publ) is expanding its international market presence by recruiting Thailand-based sales executive Rickard Svensson, who most recently worked with Saab as Director of Marketing and Sales. Rickard Svensson will be responsible for all aspects of sales across the Asia-Pacific region excluding South Korea. Establishing local presence in important markets: Through the recruitment of Rickard, Kebni now has a local presence in the Asia-Pacific markets, which are expanding for both of Kebni's product areas Inertial Sensing and Satcom. With his well-established network of contacts and experience in the APAC region, Rickard will be an extension of Kebni's sales team. His scope is to accelerate growth and provide best practices for customer satisfaction. Important step in fulfilling business plan: The recruitment of Rickard Svensson is an important step in Kebni's business plan, which is to grow its global presence with a revenue goal of 150-200 MSEK in 2024. Rickard Svensson started his new position January 6, 2023 and is operating from Bangkok, Thailand. Recent Insider Transactions • Jan 08
Chief Commercial Officer recently bought kr106k worth of stock On the 5th of January, Kristian Wallin bought around 100k shares on-market at roughly kr1.06 per share. This transaction increased Kristian's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr636k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 09
Chief Commercial Officer recently bought kr51k worth of stock On the 7th of December, Kristian Wallin bought around 64k shares on-market at roughly kr0.80 per share. This transaction increased Kristian's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr530k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 28
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr8.55m (up 319% from 2Q 2021). Net loss: kr5.25m (loss narrowed 47% 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 fallen by 46% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: kr8.30m (up 125% from 1Q 2021). Net loss: kr11.7m (flat on 1Q 2021). Revenue missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 117%, compared to a 8.0% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to kr1.30 Down from kr2.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of kr1.09. Stock is down 4.0% over the past year. The company is forecast to post a net loss per share of kr0.21 next year compared to a net loss per share of kr0.39 last year. Recent Insider Transactions • Apr 02
Independent Chairman of the Board recently bought kr375k worth of stock On the 30th of March, David Svenn bought around 613k shares on-market at roughly kr0.61 per share. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Feb 28
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: kr0.39 loss per share (up from kr0.59 loss in FY 2020). Revenue: kr27.6m (down 40% from FY 2020). Net loss: kr37.8m (flat on FY 2020). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 39%. Over the next year, revenue is forecast to grow 103%, compared to a 7.3% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 20
Third quarter 2021 earnings released The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr11.5m (up 1.4% from 3Q 2020). Net loss: kr7.27m (loss widened 35% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 22
Director recently bought kr89k worth of stock On the 13th of September, Magnus Edman bought around 100k shares on-market at roughly kr0.89 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr222k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 25
Second quarter 2021 earnings released The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: kr2.18m (down 90% from 2Q 2020). Net loss: kr9.84m (loss widened 278% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 04
Consensus revenue estimates fall to kr35.0m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from kr49.0m to kr35.0m. Forecast losses increased from -kr0.29 to -kr0.33 per share. Communications industry in Sweden expected to see average net income growth of 25% next year. Consensus price target down from kr2.00 to kr1.30. Share price fell 4.1% to kr1.07 over the past week. Reported Earnings • May 28
First quarter 2021 earnings released The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: kr3.70m (down 77% from 1Q 2020). Net loss: kr11.8m (loss widened kr10.4m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
Full year 2020 earnings released: kr0.59 loss per share (vs kr0.89 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: kr45.6m (up 25% from FY 2019). Net loss: kr37.5m (loss widened 141% from FY 2019). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 11
Director recently bought kr78k worth of stock On the 2nd of March, Magnus Edman bought around 59k shares on-market at roughly kr1.32 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr133k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 05
Director recently bought kr78k worth of stock On the 2nd of March, Magnus Edman bought around 59k shares on-market at roughly kr1.32 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr133k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 28
Full year 2020 earnings released: kr1.12 loss per share (vs kr0.89 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: kr45.8m (up 26% from FY 2019). Net loss: kr37.4m (loss widened 141% from FY 2019). Reported Earnings • Dec 04
Third quarter 2020 earnings released: kr0.16 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: kr8.10m (down 22% from 3Q 2019). Net loss: kr5.40m (loss widened 350% from 3Q 2019). Is New 90 Day High Low • Nov 16
New 90-day low: kr1.16 The company is down 51% from its price of kr2.37 on 18 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 Communications industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: kr1.48 The company is down 39% from its price of kr2.44 on 31 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 Communications industry, which is flat over the same period. Is New 90 Day High Low • Oct 12
New 90-day low: kr1.50 The company is down 32% from its price of kr2.20 on 14 July 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: kr2.10 The company is down 12% from its price of kr2.40 on 24 June 2020. The Swedish market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 14% over the same period.