Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €5.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Telecom industry in Europe. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €5.37, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Telecom industry in Europe. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.67 per share. Tillkännagivande • Apr 24
Ovzon AB (Publ) Announces Executive Changes Ovzon AB (publ) at its Annual General Meeting held on April 23, 2026 announced that Dan Jangblad and Peder Ramel have declined re-election as director and approved the election of Christopher Ahlberg och Harri Larsson as directors. Tillkännagivande • Apr 21
Ovzon AB Launches Next-Generation Mobile Satellite Terminal Ovzon T8 Ovzon AB unveiled Ovzon T8, the smallest mobile satellite terminal in its class, enabling new use cases for connectivity across military and civil defense, as well as commercial sectors. Ovzon sets a new benchmark for On-The-Move (OTM) terminals, unlocking more possibilities T8 for mission-critical connectivity across a wide range of platforms. Combining ultra-small form factor with industry-leading performance makes the Ovzon T8 ideal for seamless integration across platforms—from unmanned systems to vehicles and vessels—across air, land, and sea. Supporting new use cases that were previously not feasible due to size, weight, and power constraints. When paired with the capabilities of the company’s proprietary geostationary Ovzon 3 satellite, Ovzon T8 delivers a uniquely powerful solution. Together, they provide high-throughput, low-latency, and resilient connectivity for demanding environments where traditional communications solutions fall short. Beyond its advanced engineering and design, the Ovzon T8 introduces improved cost efficiency. Streamlined integration and reduced hardware footprint lower both deployment and operational costs, making high-performance satellite connectivity more accessible. Key benefits of the Ovzon T8: Smallest OTM mobile satellite terminal, enabling new levels of mobility and integration; High-performance connectivity, even in challenging conditions; Seamless pairing with Ovzon 3 for enhanced capability and resilience; Enables new use cases across military and civil defense and commercial sectors; Improved cost efficiency through optimized design and deployment. With this launch, Ovzon continues to push the boundaries of satellite communications, demonstrating what is possible when innovation is driven by real-world operational needs. Tillkännagivande • Apr 14
Ovzon AB (publ) to Report Fiscal Year 2026 Results on Feb 25, 2027 Ovzon AB (publ) announced that they will report fiscal year 2026 results on Feb 25, 2027 Tillkännagivande • Mar 24
Ovzon AB (publ), Annual General Meeting, Apr 23, 2026 Ovzon AB (publ), Annual General Meeting, Apr 23, 2026, at 16:00 W. Europe Standard Time. Location: at the company`s office, anderstorpsvagen 16 in solna, Sweden Tillkännagivande • Jan 20
Ovzon AB Appoints Martin Eriksson as New Chief Technology Officer and member of Group Management, Effective January 20, 2026 Ovzon AB announced the appointment of Martin Eriksson as the company’s new Chief Technology Officer (CTO) effective January 20, 2026. He will also be a member of Ovzon’s Group Management. Martin has been with Ovzon since 2008 and has held a number of senior technical positions. In recent years, he has served as Space Systems Manager, where he played a key role in Ovzon’s first satellite design, production and launch as well as product and project leader for the Ovzon On-Board-Processor program. Martin holds a Master of Science in Physics and Mathematics from Stockholm University, as well as a PhD in Theoretical Physics. As of January 20, 2026 Ovzon’s Group Management consists of the following five people: Per Norén, Chief Executive Officer; Tom Hopkins, Chief Operational Officer; André Löfgren, Chief Financial Officer; Jeanette Irekvist, Chief Commercial Officer; Martin Eriksson, Chief Technology Officer. Former members of Ovzon’s Group Management — Kennet Lejnell, Lars-Ola Klockervold, and Kristofer Alm — will continue in key leadership roles within a more integrated and focused Ovzon, serving as Chief Scientist, Chief Engineer, and Head of Business Development, respectively. Tillkännagivande • Jan 02
Ovzon AB (publ)(OM:OVZON) dropped from OMX Nordic Small Cap Index Ovzon AB (publ) has been removed from OMX Nordic Small Cap Index. Tillkännagivande • Oct 21
Ovzon AB (publ) to Report Fiscal Year 2025 Final Results on Apr 01, 2026 Ovzon AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 01, 2026 Tillkännagivande • Aug 15
Ovzon AB (publ) to Report Fiscal Year 2025 Results on Feb 20, 2026 Ovzon AB (publ) announced that they will report fiscal year 2025 results on Feb 20, 2026 Tillkännagivande • Mar 25
Ovzon AB (publ), Annual General Meeting, Apr 24, 2025 Ovzon AB (publ), Annual General Meeting, Apr 24, 2025, at 15:00 W. Europe Standard Time. Location: at the company`s office, anderstorpsvagen 16, solna Sweden Tillkännagivande • Feb 11
Ovzon AB (Publ) Announces CFO Changes Ovzon AB (publ) announced the appointment of André Löfgren as the company's new Chief Financial Officer (CFO) effective May 1, 2025. He will also be a member of Group Management. Ovzon' s interim CFO Viktor Bremer continues within the company as Group Finance Manager. André Löfgren has strong international experience from CFO positions within Skanska, one of the world's largest construction companies. He has also been responsible for Investor Relations for Skanska globally and for North America, where he also lived for a few years. Most recently André served as CFO at BoKlok, a housing concept within Skanska originally developed by IKEA and Skanska. André holds a master's degree in Finance and Financial Management. Tillkännagivande • Dec 30
Ovzon AB (publ) to Report Nine Months, 2025 Results on Oct 31, 2025 Ovzon AB (publ) announced that they will report nine months, 2025 results on Oct 31, 2025 Tillkännagivande • Nov 29
Ovzon in Successful Demonstration with the Swedish Defence Materiel Administration Ovzon demonstrated an integrated satellite communications solution, including mobile satellite terminals and Ovzon 3-based SATCOM service, in a pilot test with remote control of an unmanned ground vehicle (UGV). The demonstration was made together with the Swedish Defence Materiel Administration (FMV). The demonstration took place at two locations: the UGV was in Kiruna, approximately 1000 km away from the command-and-control center in Stockholm. This demonstration is proof of the versatility of Ovzon's SATCOM solutions using the company's own satellite, Ovzon 3, and the unique capabilities of the Ovzon On-Board-Processor (OBP) to create a true mesh network with sovereign control within the borders of Sweden. Reported Earnings • Nov 17
Third quarter 2024 earnings released: kr0.29 loss per share (vs kr0.54 loss in 3Q 2023) Third quarter 2024 results: kr0.29 loss per share. Revenue: kr99.0m (up 30% from 3Q 2023). Net loss: kr32.0m (loss widened 6.7% from 3Q 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. New Risk • Nov 16
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 German 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Less than 1 year of cash runway based on current free cash flow (-kr443m). Reported Earnings • Aug 18
Second quarter 2024 earnings released: kr0.14 loss per share (vs kr0.43 loss in 2Q 2023) Second quarter 2024 results: kr0.14 loss per share (improved from kr0.43 loss in 2Q 2023). Revenue: kr72.0m (down 1.4% from 2Q 2023). Net loss: kr16.0m (loss narrowed 33% from 2Q 2023). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 13
Ovzon AB (publ) to Report Fiscal Year 2024 Results on Feb 21, 2025 Ovzon AB (publ) announced that they will report fiscal year 2024 results on Feb 21, 2025 Tillkännagivande • Jul 17
Ovzon AB (publ) to Report Q3, 2024 Results on Nov 15, 2024 Ovzon AB (publ) announced that they will report Q3, 2024 results on Nov 15, 2024 Tillkännagivande • Jun 18
Ovzon AB Launches Two New Unique On-The-Move Mobile Satellite Terminals Ovzon AB’s two new mobile satellite terminals, the Ovzon P20 and Ovzon P30, are ruggedized parabolic broadband On-The-Move mobile satellite terminals for land, maritime, and airborne applications. The new Ovzon On-The-Move mobile satellite terminals have been meticulously developed with customers' needs for performance, mobility, and resiliency at the forefront. The design offers customers a wide range of integration options, enhancing Ovzon’s SATCOM-as-a-Service offerings. Specifically, for On-The-Move solutions, customers expressed a desire to have the same resiliency and high-performance capability but at an improved overall lifecycle cost. The Ovzon P30 is a high performing terminal, offering the same capabilities as Ovzon’s existing portfolio of mobile satellite terminals but with a smaller footprint. The Ovzon P20, on the other hand, brings superior performance and mobility with an extremely lightweight formfactor, making it ideal for various unmanned systems and ISR platforms. These new On-The-Move mobile satellite terminals are designed to operate on Ovzon’s SATCOM-as-a-Service solutions, Ovzon Hero and Ovzon Pegasus. New features will be added over time to support the Ovzon Orion services delivered by Ovzon 3 and the Ovzon On-Board-Processor. This will mirror the capabilities of the Ovzon T7 On-The-Pause terminal, such as autonomous operation, VL-SNR, and true-mesh. Tillkännagivande • May 08
Ovzon Launches Two New SATCOM-as-a-Service Offerings Ovzon launched two new SATCOM-as-a-Service offerings tailored to meet customer' s needs for performance, mobility, and resiliency. The new integrated solutions are named Ovzon Pegasus and Ovzon Orion. They are built on the unique technologies and capabilities of the new satellite Ovzon 3 and the Ovzon On-Board-Processor. Ovzon's new offerings are unique in their ability to meet the most demanding requirements on satellite communications set forth by customers; Ovzon Pegasus service, enabled by Ovzon 3 brings a steerable beam service offering, specifically developed for the critical tasks of the most demanding customers. It offers unprecedented throughput to and from the smallest mobile satellite terminals resulting in up to twice the data rate-to-weight ratio versus any satellite spot beam service on the market today. Ovzon Orion service, exclusive to the mobile satellite terminal Ovzon T7 and enabled by the Ovzon 3 and the Ovz On-Board-Processor". This integrated service allows for the most advanced features specifically developed for mission-critical applications of customers operating in near-peer environments. It offers unique resiliency permitting autonomous operation, in challenging environments, giving the ability to continue operation through a direct link between Ovzon 3 and the mobile satellite terminal even if the ground control station is compromised. Tillkännagivande • May 03
Ovzon AB Appoints Viktor Bremer as Interim CFO Ovzon AB announced that Viktor Bremer has been appointed interim CFO starting immediately, while the recruitment of a new CFO is ongoing. Viktor Bremer has worked at Ovzon since 2021, most recently in the position as Group Finance Manager. During these years, he has had a central role in Ovzon’s enterprise wide finance function. Viktor has extensive experience from central finance functions, including positions as Financial, Business, Treasury Controller and Interim CFO at both listed and unlisted companies. Tillkännagivande • Apr 20
Ovzon AB (Publ) Announces Board Changes Ovzon AB (publ) announced that at its annual general meeting held on 19 April 2024 approved to elect Lars Højgård Hansen and Peder Ramel as new directors. Reported Earnings • Apr 02
Full year 2023 earnings released: kr1.10 loss per share (vs kr0.70 loss in FY 2022) Full year 2023 results: kr1.10 loss per share (further deteriorated from kr0.70 loss in FY 2022). Revenue: kr304.0m (down 18% from FY 2022). Net loss: kr60.0m (loss widened 67% from FY 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 22
Full year 2023 earnings released: kr1.10 loss per share (vs kr0.71 loss in FY 2022) Full year 2023 results: kr1.10 loss per share (further deteriorated from kr0.71 loss in FY 2022). Revenue: kr342.0m (down 7.6% from FY 2022). Net loss: kr60.0m (loss widened 66% from FY 2022). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 1.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. New Risk • Jan 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.6m (US$98.6m) 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (118% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€90.6m market cap, or US$98.6m). Tillkännagivande • Jan 08
Ovzon AB (Publ) Announces Resignation of Noora Jayasekara as CFO Ovzon's CFO Noora Jayasekara has decided to leave the company. A process to recruit a new CFO has been initiated. Noora Jayasekara, who has been Ovzon's CFO since November 2022, will continue in her current role until June 2024 or until a new CFO is in place. New Risk • Dec 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 118% This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (118% increase in shares outstanding). Tillkännagivande • Dec 14
Ovzon AB (publ) Updates Revenue Outlook for 2023 Previously, Ovzon assessed that revenue for 2023 would, at the lowest amount to SEK 250 million. Ovzon's assessment is now that revenue for 2023, based on order intake in the fourth quarter, will at the lowest amount to SEK 290 million. Based on accelerated order intake and deliveries during November and December, Ovzon adjusts its previous revenue outlook for full-year 2023 that was published in the interim report for the third quarter 2023. Orders from SSC, U.S. DOD and a European customer has contributed to this positive momentum. Tillkännagivande • Dec 08
Ovzon AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 250.943661 million. Ovzon AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 250.943661 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 55,765,258
Price\Range: SEK 4.5
Transaction Features: Rights Offering Reported Earnings • Oct 22
Third quarter 2023 earnings released: kr0.54 loss per share (vs kr0.039 profit in 3Q 2022) Third quarter 2023 results: kr0.54 loss per share (down from kr0.039 profit in 3Q 2022). Revenue: kr81.0m (up 3.8% from 3Q 2022). Net loss: kr30.0m (down kr32.0m from profit in 3Q 2022). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Germany. 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 42% per year, which means it is significantly lagging earnings. New Risk • Oct 20
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 German stocks, typically moving 10% 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 (10% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr494m). Currently unprofitable and not forecast to become profitable over next 2 years (kr41m net loss in 2 years). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Market cap is less than US$100m (€65.8m market cap, or US$69.7m). New Risk • Aug 21
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: kr83m Forecast net loss in 2 years: kr42m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. 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 (-kr494m). Currently unprofitable and not forecast to become profitable over next 2 years (kr42m net loss in 2 years). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Reported Earnings • Aug 20
Second quarter 2023 earnings released: kr0.43 loss per share (vs kr0.32 profit in 2Q 2022) Second quarter 2023 results: kr0.43 loss per share (down from kr0.32 profit in 2Q 2022). Revenue: kr81.0m (up 8.0% from 2Q 2022). Net loss: kr24.0m (down 248% from profit in 2Q 2022). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Germany. 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 36% per year, which means it is significantly lagging earnings. New Risk • Aug 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: kr43m Forecast net loss in 2 years: kr62m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr62m net loss in 2 years). Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Tillkännagivande • Jul 22
Ovzon Launches New Mobile Satellite Terminal - Ovzon T7 Ovzon announced the launch of its new mobile satellite terminal, the Ovzon T7. This lightweight yet powerful terminal is specifically designed for military, civil defense, police, and emergency services and has already, in various tests, exceeded customer requirements and product specifications in terms of performance, mobility and resiliency. The Ovzon T7 is built for environments where minimum size, weight, and power are needed without sacrificing performance. This rugged, ultra-small terminal weighs only 2.8 kg and is 17cm square. The Ovzon T7 are easily employed by an untrained user and runs on any commonly found AC or DC power source. The Ovzon T7 provides users the ability to send and receive at very high data rates or configure the terminal to avoid detection in contested environments. The Ovzon T7 has transmitted 10 Mbps and received 60 Mbps on current Ovzon networks. When the Ovzon 3 satellite is available, these numbers are projected to increase dramatically, enhancing the mobile satellite terminal's already impressive capabilities. The Ovzon T7 will also take full advantage of the "near-peer" capabilities provided by Ovzon 3's On Board Processor for continued operations in a contested environment. These features include direct communication between Ovzon T7 terminals when gateways are unavailable, communication below the noise floor, obfuscation of traffic patterns, frequency hopping, and enhanced communications in complex environments, including through the rotors of rotary-wing, aircraft and unmanned vehicles in the air, on the ground and on water. Tillkännagivande • Jul 14
Ovzon AB (Publ) Announces Executive Changes Ovzon AB (publ) announced that Kristofer Alm joined Ovzon in the spring of 2023. Kristofer brings a broad and deep international experience from the telecom industry in various roles at Telia and Ericsson. As the Chief Marketing Officer (CMO) at Ovzon, Kristofer will primarily focus on growth, business development, product- and service development, brand positioning and strategy.Lars-Ola Klockervold assumed the position of Chief Engieer during spring 2023. He most recently had the role as Managing Director Syntronic Research & Development. He has extensive experience from leadership roles at leading Swedish industrial companies such as Sandvik and Ericsson. At Ovzon, Lars-Ola will lead the product development organization to ensure the technical development of new and current products. He is also responsible for supply-chain management and production. Daniel Gager will leave his position at Ovzon on September 1, 2023. The company has started a recruitment process for a new Chief Commercial Officer. Ovzon's Group Management now consists of the following seven people: Per Norén, Chief Executive Officer, Noora Jayasekara, Chief Financial Officer, Tom Hopkins, Chief Operating Officer, Kenneth Lejnell, Chief Technology Officer, Daniel Gager, Chief Commercial Officer, Kristofer Alm, Chief Marketing Officer and Lars-Ola Klockervold, Chief Engineer. Buying Opportunity • May 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be €3.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 23% in a year. Earnings is forecast to decline by 33% in the next year. Reported Earnings • Apr 21
First quarter 2023 earnings released: kr0.36 loss per share (vs kr0.23 loss in 1Q 2022) First quarter 2023 results: kr0.36 loss per share (further deteriorated from kr0.23 loss in 1Q 2022). Revenue: kr73.0m (down 29% from 1Q 2022). Net loss: kr19.0m (loss widened 61% from 1Q 2022). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Germany. Reported Earnings • Feb 22
Full year 2022 earnings released: kr0.041 loss per share (vs kr1.78 loss in FY 2021) Full year 2022 results: kr0.041 loss per share (improved from kr1.78 loss in FY 2021). Revenue: kr384.2m (up 90% from FY 2021). Net loss: kr2.08m (loss narrowed 98% from FY 2021). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Germany. Tillkännagivande • Feb 07
Ovzon AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 199.999999 million. Ovzon AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 199.999999 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,494,382
Price\Range: SEK 44.5
Transaction Features: Subsequent Direct Listing Tillkännagivande • Feb 04
Ovzon AB Reschedules the Launch of Ovzon 3 and Selects SpaceX as the Launch Provider Ovzon AB has been informed by the satellite manufacturer Maxar that there will be additional delays in the finalization of the satellite Ovzon 3. To accommodate an updated launch window, Ovzon has also shifted launch provider to SpaceX with liftoff on a Falcon 9 rocket targeted between July and September 2023. Due to the delays in the production of the Ovzon 3 satellite, the company has been engaged with the current launch provider Arianespace to find a new launch opportunity, which Arianespace ultimately could not accommodate. Accordingly, Ovzon has finalized an agreement with SpaceX to ensure flexibility and the most optimal timing to launch the satellite when it is ready for liftoff. Ovzon 3 will be launched by a flight-proven Falcon 9 rocket later this year from Cape Canaveral, Florida. The delay of Ovzon 3 is expected to increase the total cost of the satellite project with approximately USD 25 million. The delay will have no effect on Ovzon's current business commitments. The company has secured access to strategic satellite capacity that ensures ongoing service delivery and future sales of Ovzon’s SATCOM-as-a-Service. In addition, as set out in a separate press release, Ovzon has secured additional financing. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: kr0.039 (vs kr0.26 loss in 3Q 2021) Third quarter 2022 results: EPS: kr0.039 (up from kr0.26 loss in 3Q 2021). Revenue: kr84.7m (up 77% from 3Q 2021). Net income: kr2.02m (up kr14.4m from 3Q 2021). Profit margin: 2.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Germany. Tillkännagivande • Oct 21
Ovzon AB (publ) Provides Sales Guidance for the Year 2022 Ovzon AB (publ) provided sales guidance for the year 2022. The company believes that sales for 2022 will be significantly higher than in 2021 and that the launch of Ovzon 3 will take place in the period from December 2022 to February 2023, given that the final integration and tests fall out as planned. Tillkännagivande • Oct 15
Ovzon AB Appoints Nomination Committee for the AGM 2023 Ovzon AB announced Nomination Committee for the AGM 2023 consists of representatives appointed by the three largest shareholders, and the chairman of the company. The Nomination Committee consists of Andreas Hofmann, appointed by Investment AB Öresund, Sophie Hagströmer, appointed by Bure Equity AB, Thomas Ehlin, appointed by The Fourth Swedish National Pension Fund, AP4 and Magnus René, chairman of Ovzon. Tillkännagivande • Oct 12
Ovzon AB (Publ) Appoints Noora Jayasekara as New CFO, Effective from November 1, 2022 Ovzon AB (publ) appointed Noora Jayasekara as new Chief Financial Officer for the company and member of Group Management. Noora will start in her new role on November 1, 2022. Noora most recently held the role of CFO at Humana AB. Prior to that, she led and managed a consulting group in accounting at the consulting firm EY. Noora holds a master's degree in Economics with a major in Business Finance. Noora will start her employment on October 20 and will take office on November 1, until then Pål Jernhag will continue as interim CFO. Tillkännagivande • Oct 05
Ovzon AB (publ) Appoints Pål Jernhag as Interim CFO Ovzon AB (publ) announced that Pål Jernhag will immediately take on the role of acting CFO for the company. As previously announced, Johan Brandt is leaving his position as CFO of Ovzon. Pål Jernhag has been appointed acting CFO as of October 1, 2022. Pål Jernhag worked as a management consultant for ProXecutive Consultants and has worked with Ovzon since 2019, with, among other things compiling the external reporting, strengthening internal controls, and with the list change to Mid Cap, Nasdaq Stockholm. Pål has extensive experience as an auditor, CFO and is an expert in financial reporting. The recruitment process for a permanent CFO is ongoing. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: kr0.32 (vs kr0.83 loss in 2Q 2021) Second quarter 2022 results: EPS: kr0.32 (up from kr0.83 loss in 2Q 2021). Revenue: kr84.2m (up 153% from 2Q 2021). Net income: kr16.3m (up kr54.8m from 2Q 2021). Profit margin: 19% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 47%, compared to a 2.0% growth forecast for the Telecom industry in Germany. Tillkännagivande • Aug 18
Ovzon AB (Publ) Announces Sales Guidance for 2022 Ovzon AB (publ) announced that the company believes that sales for 2022 will be significantly higher than 2021, and that the launch of Ovzon 3 will take place in the period from December 2022 to February 2023, given that the final tests fall out as planned. Previously, the company's assessment was that sales for 2022 would be higher than for 2021. Tillkännagivande • Jul 01
Ovzon AB (publ) Announces Leaving of Johan Brandt as CFO Ovzon AB (publ) announcing that the company's CFO Johan Brandt has decided to leave the company. A process to recruit a new CFO has been initiated. Johan Brandt, who has been Ovzon's CFO since 2018, will continue in his current role until end of September 2022. Johan has been an instrumental senior leader for Ovzon. He was instrumental in preparing the company for the IPO in 2018 and for taking company to the main market in 2021, creating the discipline to operate as a publicly listed company. He has supported the financing of Ovzon 3 and the development and commercialization of the business coupled with industrialization and Ovzon by driving smart agile processes for a scalable global business. Reported Earnings • Apr 30
First quarter 2022 earnings released: kr0.23 loss per share (vs kr0.24 loss in 1Q 2021) First quarter 2022 results: kr0.23 loss per share. Revenue: kr102.8m (up 177% from 1Q 2021). Net loss: kr11.8m (loss widened 4.7% from 1Q 2021). Over the next year, revenue is forecast to grow 45%, compared to a 2.7% growth forecast for the industry in Germany. Reported Earnings • Feb 19
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: kr1.78 loss per share (up from kr2.52 loss in FY 2020). Revenue: kr201.9m (up 19% from FY 2020). Net loss: kr83.9m (loss narrowed 19% from FY 2020). Revenue exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 49%, compared to a 2.4% growth forecast for the industry in Germany. Tillkännagivande • Feb 19
Ovzon Provides Sales Guidance for 2022 The Ovzon AB (publ) believes that sales for 2022 will be higher than 2021. Tillkännagivande • Feb 18
Ovzon Reschedules Launch of the Ovzon 3 Satellite Until the Second Half of 2022 Ovzon is announcing that the Ovzon 3 satellite launch will be delayed and is planned to be launched in the second half of 2022. The rescheduling is due to continued insufficiencies and delivery of key components affecting the completion of Ovzon 3 and of a large number of other satellites in the industry. The rescheduling will not affect Ovzon's current business and deliveries to current and new customers as the company has already strategically secured leased satellite capacity for Ovzon's expanding SATCOM-as-a-Service offering. Tillkännagivande • Feb 12
Ovzon AB (publ) to Report Fiscal Year 2021 Results on Mar 25, 2022 Ovzon AB (publ) announced that they will report fiscal year 2021 results on Mar 25, 2022 Reported Earnings • Oct 22
Third quarter 2021 earnings released: kr0.26 loss per share (vs kr0.65 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: kr48.2m (up 49% from 3Q 2020). Net loss: kr12.3m (loss narrowed 59% from 3Q 2020). Reported Earnings • Aug 21
Second quarter 2021 earnings released: kr0.83 loss per share (vs kr1.42 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: kr37.6m (up 7.5% from 2Q 2020). Net loss: kr38.5m (loss narrowed 26% from 2Q 2020). Reported Earnings • May 01
First quarter 2021 earnings released: kr0.24 loss per share (vs kr0.98 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: kr39.8m (down 33% from 1Q 2020). Net loss: kr11.3m (down 133% from profit in 1Q 2020). Reported Earnings • Mar 21
Full year 2020 earnings released: kr2.52 loss per share (vs kr0.93 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: kr170.4m (down 29% from FY 2019). Net loss: kr104.0m (down 456% from profit in FY 2019). Reported Earnings • Feb 21
Full year 2020 earnings released: kr2.52 loss per share (vs kr0.93 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: kr173.1m (down 28% from FY 2019). Net loss: kr104.0m (down 456% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 21
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 11%, compared to a 7.0% growth forecast for the Telecom industry in Germany. Tillkännagivande • Feb 19
Ovzon AB (publ) Announces Executive Changes Ovzon's Board of Directors has appointed Per Norén as the CEO of Ovzon AB effective latest May 1 2021. The company's current CEO Magnus René will continue to lead the company until then and will thereafter remain in his role as a member of the Board of Directors. Per Norén has a background from leading Swedish and US technology companies. He most recently served as President of Global Eagle, the satellite and connectivity services provider. Tillkännagivande • Jan 28
Ovzon Receives ISO 9001 Certification Ovzon has received ISO 9001 for its quality management system. With a formalized quality management system in place, Ovzon is well positioned to serve customers in both the defence and commercial markets. Is New 90 Day High Low • Jan 27
New 90-day high: €9.78 The company is up 77% from its price of €5.51 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.68 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €7.45 The company is up 23% from its price of €6.06 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.78 per share. Tillkännagivande • Dec 18
Ovzon Appoints Fgh Security Distributor in France Ovzon has signed a distributor agreement with FGH Security, in which FGH will represent and sell Ovzon's innovative satellite communication services in France. Ovzon and FGH will together market Ovzon's services based on leased capacity, steerable beams, Ovzon's mobile terminals and efficient, reliable support. Ovzon's current service offering will be significantly expanded with Ovzon's new satellite, Ovzon 3, launched in 2021. Ovzon 3 will provide dramatically enhanced performance and functionality and is an important step to further revolutionize mobile broadband by GEO satellites, offering the highest bandwidth with the smallest terminals. Ovzon 3 is the first of a number of satellites planned for Ovzon's high-end, global service. FGH provides comprehensive technical assistance and support to operational end users. Tillkännagivande • Dec 17
Ovzon Wins Renews Contract from IGC Ovzon has secured a renewed contract valued at a total of USD 14.6 million with the US Department of Defense (US DoD), through the US service provider Intelsat General Corporation, IGC. The contract includes satellite capacity on a steerable beam and follows on an order for company’s brand new T6 terminals for the same end customer. The contract covers 12 months, from mid December 2020 to mid December 2021, for the use of company’s high data rate satellite communication services. Company’s current service offering, through leased capacity, will be significantly expanded with company’s new satellite company that will be launched in the end of 2021. Company’s will provide dramatically enhanced performance and functionality and is an important step to further revolutionize mobile broadband by GEO satellites, offering the highest bandwidth with the smallest terminals. Company is the first of a number of satellites planned for Ovzon's high-end global service. Is New 90 Day High Low • Dec 15
New 90-day low: €5.47 The company is down 14% from its price of €6.33 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.45 per share. Tillkännagivande • Nov 13
Ovzon Introduces Ovzon Go Ovzon introduced Ovzon GO, a new and unique end-to-end satellite service providing users with a flexible offering for the higher real time data rates using the smallest terminals. The packaged services offer on-the-move and on-the-pause terminals, including the newly introduced ground-breaking Ovzon T6. Ovzon GO is the new standard when it comes to flexible, high throughput capabilities. Different service plans available meets and exceeds the expectations of those in need of mobility, large data requirements and committed immediate connectivity. Ovzon GO is offered with transmission speed up to 10 Mbps transmit and receive and the service is based on Ovzon's regional satellite capacity. The Ovzon GO service complements Ovzon's current offering, the Ovzon HERO service. Ovzon HERO is an advanced, tailored, high performance service specifically engineered and managed for the most demanding customers on critical missions. The Ovzon HERO offers transmission speeds exceeding 50 Mbps transmit and receive with laptop sized portable terminals. The HERO service is based on Ovzon's global satellite capacity including steerable high-power beams. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 7.6% at kr32.3m. Revenue is forecast to grow 21% over the next year, compared to a 12% growth forecast for the Telecom industry in Germany. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total losses of kr53.8m, with earnings decreasing by kr92.4m from the prior year. Total revenue was kr200.5m over the last 12 months, down 8.6% from the prior year. Tillkännagivande • Oct 17
Ovzon Signs Strategic Agreement with Hellas-Sat Ovzon and Hellas-sat have entered a strategic partnership to jointly offer high-capacity portable broadband solutions. The partnership leverages both companies' technologies, industry expertise, resources, and market presence to promote joint business. Hellas-sat provides satellite capacity to power the services in Europe and the Middle East, while Ovzon will package and market the solutions. The agreement is complementary to Ovzon's present agreements with Hispasat and Intelsat, bringing additional regional capacity in Europe. The service is based on Ovzon's mobile, easy-to-use, terminals and are brought to the market as a flexible service with fixed or mobile connection. The service includes terminal and connectivity and is available with different service levels. The terminal equipment is included in the service and the customers can get started at a basic level and gradually expand the use as needed. Under the agreement Ovzon and Hellas-sat will share the revenues from the services. Tillkännagivande • Oct 11
Ovzon Sets New Benchmark for High Bandwidth to Rotary Wing Aircraft Ovzon recently set a new benchmark for bringing satellite bandwidth to helicopters in flight. Flying in heavy rain on a Blackhawk helicopter, Ovzon's satellite service brought simultaneous 17Mbps transmit and 17Mbps receive throughout the flight. The demonstration was carried out using an Ovzon steerable satellite beam, and enabled simultaneous transmission of high definition video and a multiparty video teleconference from the aircraft.