Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Patrick de Muynck was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • May 19
Gigasun AB (publ), Annual General Meeting, Jun 16, 2026 Gigasun AB (publ), Annual General Meeting, Jun 16, 2026, at 17:00 W. Europe Standard Time. Location: elite hotel stockholm plaza, birger jarlsgatan 29., stockholm Sweden Tillkännagivande • Apr 24
Gigasun AB (publ), Annual General Meeting, May 21, 2025 Gigasun AB (publ), Annual General Meeting, May 21, 2025, at 17:00 W. Europe Standard Time. Location: at elite hotel stockholm plaza, birger jarlsgatan 29, Sweden Tillkännagivande • Feb 19
Gigasun AB (publ) to Report Q4, 2025 Results on Feb 12, 2026 Gigasun AB (publ) announced that they will report Q4, 2025 results on Feb 12, 2026 New Risk • Nov 17
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: -kr176m 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 (-kr176m free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€14.4m market cap, or US$15.1m). Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: kr0.10 (vs kr0.97 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.10 (up from kr0.97 loss in 2Q 2023). Revenue: kr64.7m (up 22% from 2Q 2023). Net income: kr5.95m (up kr44.3m from 2Q 2023). Profit margin: 9.2% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Renewable Energy industry in Germany. New Risk • Aug 27
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: -kr204m 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 (-kr204m free cash flow). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (€16.3m market cap, or US$18.2m). Reported Earnings • May 20
First quarter 2024 earnings released: kr0.28 loss per share (vs kr0.89 loss in 1Q 2023) First quarter 2024 results: kr0.28 loss per share (improved from kr0.89 loss in 1Q 2023). Revenue: kr40.5m (up 22% from 1Q 2023). Net loss: kr15.9m (loss narrowed 55% from 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Renewable Energy industry in Germany. Buy Or Sell Opportunity • Apr 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 51% to €0.24. The fair value is estimated to be €0.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Apr 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 50% to €0.25. The fair value is estimated to be €0.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Feb 22
Full year 2023 earnings released: kr1.62 loss per share (vs kr0.67 loss in FY 2022) Full year 2023 results: kr1.62 loss per share (further deteriorated from kr0.67 loss in FY 2022). Revenue: kr219.1m (up 40% from FY 2022). Net loss: kr76.1m (loss widened 188% from FY 2022). New Risk • Jan 31
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: -kr80m 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr80m free cash flow). Earnings have declined by 24% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (€28.9m market cap, or US$31.3m). Tillkännagivande • Dec 08
Advanced Soltech Sweden AB (publ), Annual General Meeting, Jun 12, 2024 Advanced Soltech Sweden AB (publ), Annual General Meeting, Jun 12, 2024. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: kr0.076 (vs kr0.52 in 3Q 2022) Third quarter 2023 results: EPS: kr0.076 (down from kr0.52 in 3Q 2022). Revenue: kr65.7m (up 20% from 3Q 2022). Net income: kr3.91m (down 81% from 3Q 2022). Profit margin: 5.9% (down from 38% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Renewable Energy industry in Germany. Tillkännagivande • Sep 15
Advanced Soltech Sweden AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 34.6795 million. Advanced Soltech Sweden AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 34.6795 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,467,950
Price\Range: SEK 10
Transaction Features: Rights Offering New Risk • Aug 11
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: -kr65m 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr65m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (€44.6m market cap, or US$48.9m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: kr0.97 loss per share (vs kr0.59 profit in 2Q 2022) Second quarter 2023 results: kr0.97 loss per share (down from kr0.59 profit in 2Q 2022). Revenue: kr65.5m (up 42% from 2Q 2022). Net loss: kr38.4m (down 267% from profit in 2Q 2022). New Risk • Jun 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 36% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr99m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (€47.3m market cap, or US$51.8m). Reported Earnings • May 12
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr40.7m (up 59% from 1Q 2022). Net loss: kr35.2m (loss widened 380% from 1Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Renewable Energy industry in Germany. Reported Earnings • Apr 09
Full year 2022 earnings released: kr0.67 loss per share (vs kr0.67 profit in FY 2021) Full year 2022 results: kr0.67 loss per share (down from kr0.67 profit in FY 2021). Revenue: kr157.0m (up 34% from FY 2021). Net loss: kr26.4m (down 265% from profit in FY 2021). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.3% decline forecast for the Renewable Energy industry in Germany. Board Change • Apr 02
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. 6 experienced directors. No highly experienced directors. Independent Director Patrick de Muynck was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Dec 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €1.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 66% in 2 years. Earnings is forecast to decline by 93% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.32, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 22x in the Renewable Energy industry in Germany. Total loss to shareholders of 70% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.65 per share. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: kr0.52 (vs kr0.56 in 3Q 2021) Third quarter 2022 results: EPS: kr0.52. Revenue: kr72.5m (up 108% from 3Q 2021). Net income: kr20.6m (up 70% from 3Q 2021). Profit margin: 28% (down from 35% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to remain flat. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 17% share price gain to €1.63, the stock trades at a trailing P/E ratio of 22.7x. Average forward P/E is 21x in the Renewable Energy industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €1.81 per share. Reported Earnings • Aug 24
Second quarter 2022 earnings released Second quarter 2022 results: EPS: kr0.59. Revenue: kr58.6m (up 64% from 2Q 2021). Net income: kr23.0m (up kr38.6m from 2Q 2021). Profit margin: 39% (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 80% compared to a 11% decline forecast for the Renewable Energy industry in Germany. Reported Earnings • May 19
First quarter 2022 earnings released First quarter 2022 results: kr0.19 loss per share. Revenue: kr32.7m (up 66% from 1Q 2021). Net loss: kr7.33m (down 149% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 91% compared to a 31% decline forecast for the industry in Germany. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €2.72, the stock trades at a trailing P/E ratio of 68.5x. Average forward P/E is 25x in the Renewable Energy industry in Europe. Reported Earnings • Apr 12
Full year 2021 earnings released: EPS: kr0.67 (vs kr4.97 loss in FY 2020) Full year 2021 results: EPS: kr0.67 (up from kr4.97 loss in FY 2020). Revenue: kr117.3m (up 36% from FY 2020). Net income: kr16.0m (up kr114.5m from FY 2020). Profit margin: 14% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 88% compared to a 26% decline forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.44, the stock trades at a trailing P/E ratio of 73.4x. Average forward P/E is 23x in the Renewable Energy industry in Europe. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr0.67 (up from kr228 loss in FY 2020). Revenue: kr153.5m (up 78% from FY 2020). Net income: kr16.0m (up kr114.5m from FY 2020). Profit margin: 10% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 43% compared to a 27% decline forecast for the industry in Germany. Reported Earnings • Dec 03
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: kr0.56. Revenue: kr34.9m (up 22% from 3Q 2020). Net income: kr12.1m (up kr19.2m from 3Q 2020). Profit margin: 35% (up from net loss in 3Q 2020). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Board Change • Nov 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman of the Board Frederic Telander was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman of the Board Frederic Telander was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.