New Risk • 9h
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 Norwegian stocks, typically moving 7.6% 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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr34m free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (kr290.1m market cap, or US$30.5m). Tillkännagivande • May 29
Techstep ASA Appoints Kyrre Høidalen as Member of Nomination Committee Techstep ASA held its annual general meeting on May 28, 2026. Kyrre Høidalen (chair) have been elected for a period of two years to the annual general meeting in 2027 and 2026, respectively. The nomination committee proposed that Anders Hungnes Tautra is re-elected as member of the nomination committee for a period of two years, until the annual general meeting in 2028. The Nomination Committee's composition will then be as follows: Kyrre Høidalen (chair) and Anders Hungnes Tautra (member). Reported Earnings • May 15
First quarter 2026 earnings released: kr0.85 loss per share (vs kr0.48 loss in 1Q 2025) First quarter 2026 results: kr0.85 loss per share (further deteriorated from kr0.48 loss in 1Q 2025). Revenue: kr219.4m (down 12% from 1Q 2025). Net loss: kr29.1m (loss widened 77% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 06
Techstep ASA Announces CFO Changes, Effective 1 May 2026 Techstep ASA announced that Ellen Solum will step down from her position as Chief Financial Officer effective 1 May 2026. To ensure continuity and strong financial leadership, Techstep has appointed Håvard Haukdal as interim CFO, effective 1 May 2026. Håvard Haukdal brings over two decades of strategic, operational and cross-border financial leadership, including senior roles in PwC, Hafslund, Hydro Energi, Norsk Hydro's global Shared Services Center, and most recently as CFO of Kyoto Group. His competences cover the full finance value chain, including advanced reporting, process and system optimization, M&A support, capital markets communication, and enterprise-wide governance and compliance frameworks. This also includes leading finance transformations covering process, tools and system optimization. Håvard will commence his onboarding ahead of Ellen's departure, ensuring an orderly and efficient handover. Reported Earnings • Feb 16
Full year 2025 earnings released: kr2.73 loss per share (vs kr1.42 loss in FY 2024) Full year 2025 results: kr2.73 loss per share (further deteriorated from kr1.42 loss in FY 2024). Revenue: kr1.00b (down 6.7% from FY 2024). Net loss: kr94.0m (loss widened 106% from FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 04
Idnet AB completed the acquisition of Business Critical Mobility business of Techstep ASA (OB:TECH). Idnet AB entered into a non-binding term sheet to acquire Business Critical Mobility business of Techstep ASA (OB:TECH) for approximately NOK 150 million on November 27, 2025. Idnet AB entered into a definitive agreement to acquire Business Critical Mobility business of Techstep ASA on December 23, 2025. The purchase price for the BCM Business is SEK 136 million (corresponding to approx. NOK 149 million based on current SEK/NOK exchange rate), subject to certain adjustments in connection with the carve-out, including relating to prepayments and inventory.
Completion of the Transaction is subject to satisfactory completion of the ongoing due diligence, execution of a definitive purchase agreement containing customary terms and closing conditions, including completion of the carve-out and regulatory approvals. The transaction is expected to close early Q1-2026. The proceeds from the Transaction will be used towards repayment of the Company's interest-bearing debt.
Idnet AB completed the acquisition of Business Critical Mobility business of Techstep ASA (OB:TECH) on February 03, 2026. Following closing, IDnet AB has assumed full ownership of the BCM Business. Board Change • Dec 11
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 Jens Rugseth was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 11
Techstep ASA, Annual General Meeting, May 28, 2026 Techstep ASA, Annual General Meeting, May 28, 2026. Tillkännagivande • Dec 09
Techstep ASA Announce Board Changes Techstep ASA announced at its EGM held on December 8, 2024 that the board has received notice that Melissa Mulholland will resign as board member of the Company. Monica Beate Tvedt is elected as a new board member of the Company. The Company's board will hereinafter consist of the following members: Michael Jacobs (chairperson), Harald Arnet (board member), Ingrid Leisner (board member),Monica Beate Tvedt (board member) and Jens Rugseth (board member). Reported Earnings • Nov 28
Third quarter 2025 earnings released: kr0.25 loss per share (vs kr0.19 loss in 3Q 2024) Third quarter 2025 results: kr0.25 loss per share (further deteriorated from kr0.19 loss in 3Q 2024). Revenue: kr222.4m (down 6.4% from 3Q 2024). Net loss: kr8.53m (loss widened 40% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 21
Second quarter 2025 earnings released: kr0.44 loss per share (vs kr0.47 loss in 2Q 2024) Second quarter 2025 results: kr0.44 loss per share. Revenue: kr247.2m (down 7.2% from 2Q 2024). Net loss: kr15.2m (loss widened 1.4% from 2Q 2024). Tillkännagivande • May 28
Techstep ASA Approves Election of Members to Nomination Committee Techstep ASA at its AGM held on May 27, 2025, approved election of members to the Nomination Committee. The Nomination Committee's composition will then be as follows: Kyrre Høidalen (chair) and Anders Hungnes Tautra (member). Reported Earnings • May 18
First quarter 2025 earnings released: kr0.48 loss per share (vs kr0.40 loss in 1Q 2024) First quarter 2025 results: kr0.48 loss per share (further deteriorated from kr0.40 loss in 1Q 2024). Revenue: kr248.7m (down 2.9% from 1Q 2024). Net loss: kr16.4m (loss widened 31% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Board Change • May 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. 5 experienced directors. 1 highly experienced director. Chairman Michael Jacobs was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 15
Full year 2024 earnings released: kr1.18 loss per share (vs kr1.43 loss in FY 2023) Full year 2024 results: kr1.18 loss per share (improved from kr1.43 loss in FY 2023). Revenue: kr1.07b (down 1.6% from FY 2023). Net loss: kr38.1m (loss narrowed 14% from FY 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Dec 18
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 Norwegian stocks, typically moving 7.2% 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: Major Risk Earnings have declined by 0.1% per year over the past 5 years. Minor Risks 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). Market cap is less than US$100m (kr440.4m market cap, or US$39.3m). Tillkännagivande • Dec 18
Techstep ASA, Annual General Meeting, May 27, 2025 Techstep ASA, Annual General Meeting, May 27, 2025. Reported Earnings • Nov 17
Third quarter 2024 earnings released: kr0.19 loss per share (vs kr0.14 loss in 3Q 2023) Third quarter 2024 results: kr0.19 loss per share (further deteriorated from kr0.14 loss in 3Q 2023). Revenue: kr237.6m (flat on 3Q 2023). Net loss: kr6.09m (loss widened 41% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • Oct 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.0% 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 Earnings have declined by 8.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Market cap is less than US$100m (kr461.1m market cap, or US$42.3m). Tillkännagivande • Oct 17
Techstep Successfully Onboards the First Devicenow Customer to Lifecycle Platform Techstep announced the successful onboarding of the first devicenow customer to its Device Lifecycle Management platform, according to plan. This milestone follows the strategic partnership agreement announced on 28 February 2024 with devicenow, a global provider of subscription-based IT devices, aimed at introducing Techstep's Lifecycle management platform to a broader customer base worldwide. Device Lifecycle Management platform is Techstep's own software for automated device lifecycle management. It enables customers to control every lifecycle event of their device estate from purchase and onboarding to offboarding and recycling. The Lifecycle platform allows customers to free up time, reduce cost, and adopt more sustainable and circular practices in device handling. Over the past seven months, Techstep and devicenow have collaborated closely to prepare for onboarding devicenow customers to the platform and to ensure scalability. Devicenow, with its global reach across 190 countries, serves several major global customers. This partnership allows Techstep to increase its global reach whilst devicenow can add further great value to their offering through the Lifecycle platform. Additionally, there are opportunities of incorporating Techstep's managed services into devicenow's portfolio. Techstep anticipates onboarding additional devicenow customers to the Lifecycle platform during Fourth Quarter 2024. New Risk • Aug 27
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 Norwegian stocks, typically moving 7.0% 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: Major Risk Earnings have declined by 8.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (kr365.3m market cap, or US$34.9m). Reported Earnings • Aug 16
Second quarter 2024 earnings released: kr0.47 loss per share (vs kr0.60 loss in 2Q 2023) Second quarter 2024 results: kr0.47 loss per share (improved from kr0.60 loss in 2Q 2023). Revenue: kr266.3m (down 8.7% from 2Q 2023). Net loss: kr15.0m (loss narrowed 15% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 15
Techstep ASA Updates Earnings Guidance for the Year 2024 and Provides Earnings Guidance for 2025 Techstep ASA updated earnings guidance for the year 2024. For the period, Company is to grow recurring revenues analyzed by 20% to 30% year-over-year.
For 2025, Company's guidance remains unchanged, with an ambition of growing recurring revenues analyzed at plus 30%. Tillkännagivande • May 30
Techstep ASA Announces Committee Changes Techstep ASA at its annual general meeting held on May 29, 2024, Jonathan Raknes resigns from the Nomination Committee and Anders Hungnes Tautra is elected as new member of the Committee for a period of two years. Reported Earnings • May 17
First quarter 2024 earnings released: kr0.40 loss per share (vs kr0.60 loss in 1Q 2023) First quarter 2024 results: kr0.40 loss per share (improved from kr0.60 loss in 1Q 2023). Revenue: kr256.1m (down 12% from 1Q 2023). Net loss: kr12.5m (loss narrowed 28% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Full year 2023 earnings released: kr1.43 loss per share (vs kr2.52 loss in FY 2022) Full year 2023 results: kr1.43 loss per share (improved from kr2.52 loss in FY 2022). Revenue: kr1.09b (down 18% from FY 2022). Net loss: kr44.5m (loss narrowed 35% from FY 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 27
Techstep Asa Announces CEO Changes Techstep announced the appointment of Morten Meier, a seasoned senior executive from the software and technology industry, as CEO. Mr. Meier brings more than 25 years of experience from international organizations in the areas of leadership, strategy, business development, sales, marketing, and operations. He comes from Microsoft Norway, where he has served several positions at the leadership team over the past ten years, latest as Senior Director Marketing & Operations (COO) and Deputy General Manager. Prior to Microsoft, he spent four years with IBM in leadership positions in Norway and at a Nordic level, and almost 10 years with Hewlett-Packard serving as Country Manager for Software and Services. Morten has held an advisory role in Techstep for the past three months, where he worked closely with the Executive Management Team and the Commercial organisation. Techstep's current interim CEO, David Landerborn, will resume the position as Chief Operating Officer. The Board extends its gratitude to David for his valuable contribution by leading and developing the company over the past few months. Tillkännagivande • Jan 26
Techstep ASA Appoints David Landerborn as Chief Operating Officer Techstep ASA announced that current interim CEO, David Landerborn, will resume the position as Chief Operating Officer. Reported Earnings • Nov 14
Third quarter 2023 earnings released: kr0.14 loss per share (vs kr0.80 loss in 3Q 2022) Third quarter 2023 results: kr0.14 loss per share (improved from kr0.80 loss in 3Q 2022). Revenue: kr236.0m (down 19% from 3Q 2022). Net loss: kr4.34m (loss narrowed 76% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Nov 03
Techstep ASA Announces Executive Changes Techstep ASA announced that Børge Astrup resigns as CEO due to personal reasons, with effect from November 1, 2023. The company’s chief operating officer, David Landerborn, will assume the position as acting CEO until the Board appoints a permanent replacement. The board will take the necessary time to identify a new CEO for Techstep. In the meantime, the Board has great confidence in COO David Landerborn's ability to lead and develop the company. His intimate knowledge of Techstep will ensure continuity for the company going forward. David has extensive experience and a deep understanding of the mobile technology industry, having held several prominent positions within the company. This experience includes his role at Optidev AB, which Techstep acquired in 2020, and as part of the executive management team the 2022. David assume the position as acting CEO with immediate effect. Reported Earnings • Aug 20
Second quarter 2023 earnings released: kr0.06 loss per share (vs kr1.50 loss in 2Q 2022) Second quarter 2023 results: kr0.06 loss per share (improved from kr1.50 loss in 2Q 2022). Revenue: kr291.5m (down 8.1% from 2Q 2022). Net loss: kr17.6m (loss narrowed 44% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 18
First quarter 2023 earnings released: kr0.06 loss per share (vs kr0.06 profit in 1Q 2022) First quarter 2023 results: kr0.06 loss per share (down from kr0.06 profit in 1Q 2022). Revenue: kr291.8m (down 16% from 1Q 2022). Net loss: kr17.3m (down 242% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Feb 19
Full year 2022 earnings released: kr0.25 loss per share (vs kr0.55 loss in FY 2021) Full year 2022 results: kr0.25 loss per share (improved from kr0.55 loss in FY 2021). Revenue: kr1.32b (up 1.4% from FY 2021). Net loss: kr68.9m (loss narrowed 33% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 16
Techstep ASA Appoints Michael Jacobs as New Chairperson to the Board Techstep ASA at its Extraordinary General Meeting held on 15 February 2023, elected Michael Jacobs as new chairperson to the Board. The composition of the Board of Directors is now as: Michael Jacobs (chairman); Harald Arnet (deputy chairman); Jens Rugseth (director); Melissa Mulholland (director); Ingrid Leisner (director); Jan Haudemann-Andersen (deputy director). Tillkännagivande • Jan 24
Techstep ASA Announces Board Changes Jens Rugseth will step down as chairperson of the Board and remain as an ordinary board member. The nomination committee of Techstep ASA (Techstep) proposes that the current board member Michael Jacobs is elected as new chairperson of the Board. Michael Jacobs is the Executive Vice President of the Nordics at Crayon ASA. He has more than 30 years' experience from extensive management positions from several international technology companies. He previously was the CEO of Fell Tech and before that he was the CEO of Atea Norway, where he improved its business performance and lead the transformation to more value-added services. He also served as the Managing Director of Microsoft Norway and the Managing Director for the Nordics at Dell. He has a degree from California Lutheran University and continuing education from, among others, Harvard University. He is a Norwegian citizen, living in Oslo, Norway. Techstep will convene for an extraordinary general meeting (EGM) for the approval of the changes to the Board. Reported Earnings • Nov 11
Third quarter 2022 earnings released: kr0.08 loss per share (vs kr0.13 loss in 3Q 2021) Third quarter 2022 results: kr0.08 loss per share (improved from kr0.13 loss in 3Q 2021). Revenue: kr289.9m (flat on 3Q 2021). Net loss: kr17.8m (loss narrowed 30% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: kr0.15 loss per share (vs kr0.13 loss in 2Q 2021) Second quarter 2022 results: kr0.15 loss per share (down from kr0.13 loss in 2Q 2021). Revenue: kr317.2m (down 2.3% from 2Q 2021). Net loss: kr31.5m (loss widened 36% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: kr0.06 (vs kr0.14 loss in 1Q 2021) First quarter 2022 results: EPS: kr0.06 (up from kr0.14 loss in 1Q 2021). Revenue: kr346.2m (up 13% from 1Q 2021). Net income: kr12.2m (up kr37.0m from 1Q 2021). Profit margin: 3.5% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 04
Full year 2021 earnings released: kr0.55 loss per share (vs kr0.14 loss in FY 2020) Full year 2021 results: kr0.55 loss per share (down from kr0.14 loss in FY 2020). Revenue: kr1.31b (up 14% from FY 2020). Net loss: kr103.1m (loss widened 316% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Feb 15
Chief Executive Officer recently bought kr1.0m worth of stock On the 14th of February, Borge Astrup bought around 315k shares on-market at roughly kr3.22 per share. In the last 3 months, they made an even bigger purchase worth kr1.2m. Borge has been a buyer over the last 12 months, purchasing a net total of kr3.6m worth in shares. Reported Earnings • Feb 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.53 loss per share (down from kr0.14 loss in FY 2020). Revenue: kr1.30b (up 14% from FY 2020). Net loss: kr99.1m (loss widened 301% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jan 07
Chief Executive Officer recently bought kr791k worth of stock On the 6th of January, Borge Astrup bought around 215k shares on-market at roughly kr3.67 per share. This was the largest purchase by an insider in the last 3 months. Borge has been a buyer over the last 12 months, purchasing a net total of kr1.4m worth in shares. Recent Insider Transactions • Dec 01
Chief Executive Officer recently bought kr199k worth of stock On the 29th of November, Borge Astrup bought around 55k shares on-market at roughly kr3.62 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr2.1m. Borge has been a buyer over the last 12 months, purchasing a net total of kr591k worth in shares. Reported Earnings • Nov 07
Third quarter 2021 earnings released: kr0.13 loss per share (vs kr0.08 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr290.1m (up 36% from 3Q 2020). Net loss: kr25.3m (loss widened 90% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 11
Insider recently bought kr2.1m worth of stock On the 8th of September, Karoline Steiro bought around 500k shares on-market at roughly kr4.18 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr8.4m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 21
Second quarter 2021 earnings released: kr0.13 loss per share (vs kr0.02 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr324.7m (up 36% from 2Q 2020). Net loss: kr23.1m (down kr27.1m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Recent Insider Transactions • Aug 21
Chief Executive Officer recently bought kr101k worth of stock On the 20th of August, Borge Astrup bought around 25k shares on-market at roughly kr4.02 per share. This was the largest purchase by an insider in the last 3 months. This was Borge's only on-market trade for the last 12 months. Executive Departure • Jul 13
Chief Executive Officer Jens Haviken has left the company During their tenure, earnings grew by 11% annually compared to the industry average, which went down by 1.8%. On the 2nd of July, Jens Haviken was replaced as CEO by Marius Drefvelin after 3.3 years in the role. As of March 2021, Jens still personally held 100.00k shares (kr565k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.92 years, which is considered inexperienced in the Simply Wall St Risk Model. Under Jens' leadership, the company delivered a total shareholder return of 38%. Reported Earnings • May 11
First quarter 2021 earnings released: kr0.14 loss per share (vs kr0.02 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr305.9m (up 4.5% from 1Q 2020). Net loss: kr24.8m (loss widened kr21.3m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Executive Departure • Apr 27
Independent Vice Chairman Einar Greve has left the company On the 22nd of April, Einar Greve's tenure in the role of Independent Vice Chairman ended. As of December 2020, Einar personally held 4.97m shares (kr26m worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • Apr 27
Independent Director has left the company On the 22nd of April, Toril Nag's tenure as Independent Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Toril's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 21
Full year 2020 earnings released: kr0.15 loss per share (vs kr0.40 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: kr1.14b (up 1.0% from FY 2019). Net loss: kr24.7m (loss narrowed 62% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Feb 13
Full year 2020 earnings released: kr0.15 loss per share (vs kr0.40 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: kr1.14b (up 1.0% from FY 2019). Net loss: kr24.7m (loss narrowed 62% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 12
New 90-day high: kr5.40 The company is up 13% from its price of kr4.80 on 13 November 2020. The Norwegian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 36% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: kr4.50 The company is down 24% from its price of kr5.95 on 16 October 2020. The Norwegian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 22% over the same period. Recent Insider Transactions • Dec 06
Independent Chairman of the Board recently bought kr2.5m worth of stock On the 4th of December, Jens Rugseth bought around 500k shares on-market at roughly kr5.10 per share. This was the largest purchase by an insider in the last 3 months. Jens has been a buyer over the last 12 months, purchasing a net total of kr4.6m worth in shares. Reported Earnings • Nov 07
Third quarter 2020 earnings released: kr0.08 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: kr212.7m (down 13% from 3Q 2019). Net loss: kr15.9m (loss narrowed 78% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 08
New 90-day high: kr5.40 The company is up 108% from its price of kr2.60 on 10 July 2020. The Norwegian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 15% over the same period. Is New 90 Day High Low • Sep 23
New 90-day high: kr5.25 The company is up 89% from its price of kr2.78 on 25 June 2020. The Norwegian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 9.0% over the same period.