Reported Earnings • Apr 30
First quarter 2026 earnings released First quarter 2026 results: Revenue: kr8.64m (down 58% from 1Q 2025). Net loss: kr6.59m (loss widened 412% from 1Q 2025). Announcement • Mar 27
Serstech AB, Annual General Meeting, Apr 28, 2026 Serstech AB, Annual General Meeting, Apr 28, 2026, at 13:00 W. Europe Standard Time. Location: company office, aldermansgatan 13 in lund, lund Sweden New Risk • Mar 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr91.6m (US$9.99m) This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr37m free cash flow). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (kr91.6m market cap, or US$9.99m). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Revenue is less than US$5m (kr43m revenue, or US$4.7m). New Risk • Mar 02
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: kr43m (US$4.8m) This is considered a minor risk. Companies with a small amount of revenue 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr37m free cash flow). Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Revenue is less than US$5m (kr43m revenue, or US$4.8m). Market cap is less than US$100m (kr112.2m market cap, or US$12.4m). Reported Earnings • Mar 02
Full year 2025 earnings released: kr0.12 loss per share (vs kr0.04 loss in FY 2024) Full year 2025 results: kr0.12 loss per share (further deteriorated from kr0.04 loss in FY 2024). Revenue: kr43.4m (down 22% from FY 2024). Net loss: kr29.3m (loss widened 221% from FY 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Jan 29
New major risk - Revenue and earnings growth Earnings have declined by 10% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr27m free cash flow). Earnings have declined by 10% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (kr146.0m market cap, or US$16.5m). New Risk • Nov 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr27m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr27m free cash flow). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (kr162.8m market cap, or US$17.2m). Price Target Changed • Nov 09
Price target decreased by 38% to kr0.80 Down from kr1.30, the current price target is provided by 1 analyst. New target price is 29% above last closing price of kr0.62. Stock is down 41% over the past year. The company posted a net loss per share of kr0.04 last year. Reported Earnings • Nov 05
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr8.88m (up 106% from 3Q 2024). Net loss: kr6.41m (loss narrowed 25% from 3Q 2024). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Oct 06
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 9.4% 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 (9.4% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (kr44m revenue, or US$4.7m). Market cap is less than US$100m (kr165.1m market cap, or US$17.6m). New Risk • Jul 17
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: kr43m (US$4.4m) This is considered a minor risk. Companies with a small amount of revenue 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: Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (kr43m revenue, or US$4.4m). Market cap is less than US$100m (kr146.5m market cap, or US$15.0m). Reported Earnings • Apr 23
First quarter 2025 earnings released First quarter 2025 results: Revenue: kr20.7m (up 37% from 1Q 2024). Net loss: kr1.29m (loss widened 128% from 1Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in Sweden. Announcement • Mar 25
Serstech AB, Annual General Meeting, Apr 24, 2025 Serstech AB, Annual General Meeting, Apr 24, 2025, at 13:00 W. Europe Standard Time. Location: at the company`s office, adermansgatan 13 in lund, Sweden New Risk • Mar 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr8.5m free cash flow). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (kr228.1m market cap, or US$22.6m). New Risk • Feb 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr8.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr8.5m free cash flow). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr229.4m market cap, or US$21.3m). Reported Earnings • Feb 28
Full year 2024 earnings released: kr0.044 loss per share (vs kr0.005 profit in FY 2023) Full year 2024 results: kr0.044 loss per share (down from kr0.005 profit in FY 2023). Revenue: kr58.0m (down 12% from FY 2023). Net loss: kr9.13m (down kr9.85m from profit in FY 2023). Revenue is forecast to grow 33% 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 increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Dec 21
Serstech AB Appoints Niclas Ekström as Chief Commercial Officer on March 24, 2025 Niclas Ekström will join Serstech as Chief Commercial Officer on March 24, 2025. Niclas has more than 25 years of experience in international sales and commercial leadership roles as Marketing Director, Product Director, Head of Sales and Managing Director. He has a MSc degree in business administration and economics and will be a member of the senior management team of Serstech. Reported Earnings • Nov 10
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr4.31m (down 70% from 3Q 2023). Net loss: kr8.52m (loss widened 149% from 3Q 2023). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Sweden. Reported Earnings • Jul 17
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr23.1m (down 31% from 2Q 2023). Net income: kr3.61m (down 72% from 2Q 2023). Profit margin: 16% (down from 39% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 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 increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 13
Independent Director recently sold kr340k worth of stock On the 5th of June, Marta Xu sold around 227k shares on-market at roughly kr1.50 per share. This transaction amounted to 96% 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 kr302k more than they bought in the last 12 months. Announcement • May 16
Serstech Launches New Product - Serstech Arx mkII Serstech AB announced its latest addition to its product portfolio - the Serstech Arx mkII. Shipments of the new product will start in May 2024. Serstech ArxmkII is launched with a companion mobile application, which enables law enforcement and first responders to access online resources and integrates Serstech Arxmk II into existing customer workflows. Serstech Arx mk II is also the first and only Raman device that can communicate over military networks and seamlessly integrate with military infrastructure. Board Change • May 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 Marta Xu was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 30
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr15.8m (up 22% from 1Q 2023). Net loss: kr564.0k (loss narrowed 68% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 20% per year. Reported Earnings • Feb 25
Full year 2023 earnings released Full year 2023 results: Revenue: kr68.3m (up 230% from FY 2022). Net income: kr715.0k (up kr30.3m from FY 2022). Profit margin: 1.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year whereas the company’s share price has fallen by 33% per year. Reported Earnings • Nov 10
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr14.3m (up 302% from 3Q 2022). Net loss: kr3.43m (loss narrowed 27% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 35% per year. New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr110.0m (US$10.00m) This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr16m free cash flow). Earnings have declined by 6.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (147% increase in shares outstanding). Market cap is less than US$10m (kr110.0m market cap, or US$10.00m). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Reported Earnings • Jul 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr33.6m (up 278% from 2Q 2022). Net income: kr13.0m (up kr14.9m from 2Q 2022). Profit margin: 39% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 35% per year. Reported Earnings • Apr 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr13.1m (up 439% from 1Q 2022). Net loss: kr1.74m (loss narrowed 74% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% 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 • Feb 25
Full year 2022 earnings released: kr0.35 loss per share (vs kr0.13 loss in FY 2021) Full year 2022 results: kr0.35 loss per share (further deteriorated from kr0.13 loss in FY 2021). Revenue: kr22.4m (up 2.0% from FY 2021). Net loss: kr29.6m (loss widened 188% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • Jan 06
Serstech AB has completed a Follow-on Equity Offering in the amount of SEK 23.468504 million. Serstech AB has completed a Follow-on Equity Offering in the amount of SEK 23.468504 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 117,342,519
Price\Range: SEK 0.2
Transaction Features: Rights Offering Reported Earnings • Jul 16
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr10.1m (up 153% from 2Q 2021). Net loss: kr1.99m (loss narrowed 63% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • May 02
Serstech AB to Report Fiscal Year 2022 Results on Feb 24, 2023 Serstech AB announced that they will report fiscal year 2022 results on Feb 24, 2023 Reported Earnings • May 01
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr2.61m (down 79% from 1Q 2021). Net loss: kr6.58m (down 317% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.12 loss per share (down from kr0.096 loss in FY 2020). Revenue: kr24.3m (down 30% from FY 2020). Net loss: kr10.3m (loss widened 52% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: kr2.21m (down 80% from 3Q 2020). Net loss: kr5.07m (down 344% from profit in 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 16% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 27
Second quarter 2021 earnings released The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: kr3.65m (down 9.6% from 2Q 2020). Net loss: kr5.30m (loss narrowed 22% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Executive Departure • May 07
Independent Director has left the company On the 30th of April, Christer Fahraeus' tenure as Independent Director ended after 1.4 years in the role. We don't have any record of a personal shareholding under Christer's name. Christer is the only executive to leave the company over the last 12 months. Reported Earnings • May 02
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr12.7m (up 25% from 1Q 2020). Net income: kr3.02m (up kr6.23m from 1Q 2020). Profit margin: 24% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Feb 28
Full year 2020 earnings released: kr0.094 loss per share (vs kr0.24 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: kr39.5m (up 63% from FY 2019). Net loss: kr6.73m (loss narrowed 57% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Is New 90 Day High Low • Feb 13
New 90-day high: kr2.60 The company is up 31% from its price of kr1.99 on 13 November 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 6.0% over the same period. Is New 90 Day High Low • Jan 23
New 90-day high: kr2.58 The company is up 32% from its price of kr1.95 on 23 October 2020. The Swedish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 15% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: kr2.41 The company is up 17% from its price of kr2.06 on 06 October 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 27
New 90-day low: kr1.68 The company is down 26% from its price of kr2.26 on 28 August 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: kr1.84 The company is down 1.0% from its price of kr1.87 on 28 July 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period. 
