Major Estimate Revision • Apr 07
Consensus revenue estimates decrease by 40%, EPS upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr68.0m to kr41.0m. EPS estimate increased from -kr0.24 to -kr0.21 per share. Machinery industry in Sweden expected to see average net income growth of 25% next year. Consensus price target down from kr4.75 to kr4.00. Share price fell 4.2% to kr2.19 over the past week. Reported Earnings • Mar 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: kr1.44 loss per share (further deteriorated from kr1.15 loss in FY 2024). Net loss: kr90.5m (loss widened 63% from FY 2024). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 82%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Jan 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr58m 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 (-kr58m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr8.6m net loss in 2 years). Revenue is less than US$5m (kr43m revenue, or US$4.9m). Market cap is less than US$100m (kr168.9m market cap, or US$19.1m). New Risk • Dec 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% 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 (12% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr58m). Currently unprofitable and not forecast to become profitable over next 2 years (kr8.6m net loss in 2 years). Revenue is less than US$5m (kr43m revenue, or US$4.7m). Market cap is less than US$100m (kr163.4m market cap, or US$17.8m). Tillkännagivande • Dec 19
Opticept Technologies AB (Publ) Appoints Mikael Carleson and Jörgen Durban as Board Members OptiCept Technologies AB (publ) at its EGM held on December 18, 2025 appointed Mikael Carleson and Jörgen Durban were elected as new Board members. Reported Earnings • Nov 24
Third quarter 2025 earnings released: kr0.30 loss per share (vs kr0.28 loss in 3Q 2024) Third quarter 2025 results: kr0.30 loss per share (further deteriorated from kr0.28 loss in 3Q 2024). Revenue: kr24.4m (up kr20.6m from 3Q 2024). Net loss: kr19.1m (loss widened 46% from 3Q 2024). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. New Risk • Nov 24
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: -kr58m 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 (-kr58m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr3.0m net loss in 2 years). Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Revenue is less than US$5m (kr41m revenue, or US$4.3m). Market cap is less than US$100m (kr186.6m market cap, or US$19.5m). Tillkännagivande • Oct 22
OptiCept Technologies AB (publ), Annual General Meeting, May 21, 2026 OptiCept Technologies AB (publ), Annual General Meeting, May 21, 2026. Board Change • Sep 04
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. Chairman of the Board Ulf Hagman is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: kr0.30 loss per share (further deteriorated from kr0.23 loss in 2Q 2024). Net loss: kr19.1m (loss widened 85% from 2Q 2024). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 27
Now 25% undervalued Over the last 90 days, the stock has risen 36% to kr5.50. The fair value is estimated to be kr7.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 114% in 2 years. Earnings are forecast to grow by 77% in the next 2 years. New Risk • Aug 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.8% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr60m free cash flow). Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr13m net loss in 2 years). Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (kr29m revenue, or US$3.1m). Market cap is less than US$100m (kr345.9m market cap, or US$36.0m). Major Estimate Revision • Jun 05
Consensus revenue estimates fall by 43% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr61.0m to kr35.0m. Forecast losses increased from -kr0.57 to -kr0.58 per share. Machinery industry in Sweden expected to see average net income growth of 9.0% next year. Consensus price target down from kr6.70 to kr5.15. Share price was steady at kr4.04 over the past week. Price Target Changed • May 30
Price target decreased by 28% to kr5.15 Down from kr7.15, the current price target is provided by 1 analyst. New target price is 27% above last closing price of kr4.05. Stock is down 5.4% over the past year. The company is forecast to post a net loss per share of kr0.58 next year compared to a net loss per share of kr1.15 last year. Reported Earnings • May 30
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: kr0.24 loss per share. Revenue: kr8.20m (up 128% from 1Q 2024). Net loss: kr15.0m (loss widened 2.0% from 1Q 2024). Revenue exceeded analyst estimates by 76%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Sweden. Reported Earnings • Mar 28
Full year 2024 earnings released: kr1.15 loss per share (vs kr2.48 loss in FY 2023) Full year 2024 results: kr1.15 loss per share (improved from kr2.48 loss in FY 2023). Net loss: kr55.7m (loss narrowed 31% from FY 2023). Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Machinery industry in Sweden. 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 60% per year, which means it is significantly lagging earnings. New Risk • Mar 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 Swedish stocks, typically moving 8.8% 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 Risks Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr14m net loss next year). Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (kr13m revenue, or US$1.3m). Market cap is less than US$100m (kr317.0m market cap, or US$31.6m). Price Target Changed • Jan 17
Price target increased by 12% to kr8.00 Up from kr7.15, the current price target is provided by 1 analyst. New target price is 60% above last closing price of kr5.00. Stock is up 95% over the past year. The company posted a net loss per share of kr2.48 last year. New Risk • Jan 17
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: kr60m Forecast net loss in 1 year: kr14m 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: Major Risks Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr14m net loss next year). Share price has been volatile over the past 3 months (9.3% average weekly change). Revenue is less than US$5m (kr13m revenue, or US$1.2m). Market cap is less than US$100m (kr310.4m market cap, or US$27.8m). New Risk • Dec 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (kr13m revenue, or US$1.2m). Market cap is less than US$100m (kr257.5m market cap, or US$23.4m). Tillkännagivande • Nov 29
OptiCept Technologies AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 80.463125 million. OptiCept Technologies AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 80.463125 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 16,092,625
Price\Range: SEK 5
Transaction Features: Rights Offering Tillkännagivande • Nov 27
OptiCept Technologies AB (publ) Expands Project with Dole in Thailand OptiCept has successfully completed its project with Dole in Thailand, which was announced in the spring of 2024. Following positive results, Dole has decided to extend and expand the collaboration to further explore the potential of OptiCept's technology platforms. The focus is now on optimizing the drying process for pineapples. During the initial 14-day pilot period, OptiCept achieved the project goals. The treatment resulted in improved texture in pineapple products, making them more appealing to new markets with high-quality standards. At the same time, an evaluation of the drying process showed significantly increased efficiency through reduced drying times. As a result, Dole wants to conduct further tests to fully map the commercial benefits of PEF (Pulsed Electric Field) technology in the pineapple drying process. The project is therefore entering a commercial phase. Thailand is a globally significant producer of pineapples, with an annual production of approximately 1.2 million tons, placing the country among the top five producers worldwide. Asia is also the world's largest region in terms of both production and consumption of pineapples, making the Thai market a strategic priority for OptiCept. Major Estimate Revision • Oct 25
Consensus revenue estimates decrease by 27%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr35.6m to kr26.0m. EPS estimate increased from -kr0.935 to -kr0.91 per share. Machinery industry in Sweden expected to see average net income growth of 22% next year. Consensus price target of kr7.15 unchanged from last update. Share price fell 28% to kr5.42 over the past week. Breakeven Date Change • Oct 21
Forecast to breakeven in 2026 The 2 analysts covering OptiCept Technologies expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 63% per year to 2025. The company is expected to make a profit of kr2.85m in 2026. Average annual earnings growth of 88% is required to achieve expected profit on schedule. Reported Earnings • Oct 18
Second quarter 2024 earnings released: kr0.23 loss per share (vs kr0.57 loss in 2Q 2023) Second quarter 2024 results: kr0.23 loss per share (improved from kr0.57 loss in 2Q 2023). Net loss: kr10.3m (loss narrowed 39% from 2Q 2023). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. New Risk • Oct 18
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: kr67m Forecast net loss in 3 years: kr622k 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: Major Risk Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr67m). Currently unprofitable and not forecast to become profitable over next 3 years (kr622k net loss in 3 years). Share price has been volatile over the past 3 months (9.3% average weekly change). Revenue is less than US$5m (kr15m revenue, or US$1.4m). Market cap is less than US$100m (kr388.3m market cap, or US$36.9m). Tillkännagivande • Oct 11
OptiCept Technologies AB (publ), Annual General Meeting, May 22, 2025 OptiCept Technologies AB (publ), Annual General Meeting, May 22, 2025. New Risk • Oct 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% 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 Risk Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr67m). Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (kr15m revenue, or US$1.4m). Market cap is less than US$100m (kr313.6m market cap, or US$30.3m). Tillkännagivande • Oct 03
Opticept Technologies AB (publ) Announces Chief Financial Officer Changes OptiCept Technologies AB (publ) announced that OptiCept's Chief Financial Officer, Despina Georgiadou Hedin, has decided to step down from her role. Henrik Nettersand will be the new CFO. Despina Georgiadou Hedin, who has been CFO at OptiCept Technologies since 2023, will leave her position no later than April 2, 2025. Henrik Nettersand, currently CFO at S:t Eriks AB, will succeed her. Henrik Nettersand most recently served as CFO at S:t Eriks AB and will assume his new role no later than April 2, 2025. Previously, he was CFO at Besikta Bilprovning for five years and held several leadership roles during his eleven years at John Bean Technologies AB, including as Head of Finance. He began his career as an auditor at KPMG and holds a Master of Science in Economics and Business Administration from Lund University, with a specialization in finance. Henrik has many years of experience in financial leadership roles, both at the company and group levels, and has extensive global experience. His long experience working with multinational companies in growth, both inside and outside Sweden, and with companies delivering complex food technology globally, has given him the expertise and business focus the company need in its global expansion. Major Estimate Revision • Sep 05
Consensus revenue estimates decrease by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr50.7m to kr41.6m. EPS estimate unchanged from -kr0.91 per share at last update. Machinery industry in Sweden expected to see average net income growth of 22% next year. Consensus price target of kr7.15 unchanged from last update. Share price fell 5.8% to kr5.68 over the past week. Reported Earnings • Aug 30
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: kr0.23 loss per share (improved from kr0.57 loss in 2Q 2023). Net loss: kr10.3m (loss narrowed 39% from 2Q 2023). Revenue missed analyst estimates by 49%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 16
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 132% to kr6.57. The fair value is estimated to be kr5.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 1,205% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. Tillkännagivande • Jul 02
OptiCept Technologies AB Submits Patent Application and Strengthens Its IP-Portfolio for Vacuum Impregnation Focused on Cuttings OptiCept Technologies AB announced that the company has submitted a patent application to the Swedish Patent and Registration Office (PRV). The patent application includes strengthened and expanded patent protection for the company's vacuum impregnation technology, OptiBoost. OptiCept brings the vacuum infusion platform to the next level by specifying the successful treatment conditions for its plant technology platform, OptiBoost. The patent application encompasses the detailed method of treating the plant material such as cuttings leading to improved rooting. Successes with tests on cuttings have prompted the submission of the patent application. The company learns and develops with every new test. The method that OptiCept uses is mastered, and the knowledge of how to control and implement it is becoming stronger and stronger with new activities and a growing portfolio of tested species.The patent application expounds the exact conditions for applying the vacuum infusion process to achieve the most optimal treatment for plants. The treatment must be mild and well-controlled to minimize the stress applied to the plant tissue, which is ensured by the innovative way of designing the vacuum curve. The patent also describes the correct treatment criteria by controlling the percentage of air removed from the tissue and percentage of liquid incorporated into the tissue by specifying the surface impregnation parameters. Major Estimate Revision • Jun 07
Consensus revenue estimates increase by 27% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from kr39.9m to kr50.7m. Forecast losses expected to reduce from -kr0.94 to -kr0.83 per share. Machinery industry in Sweden expected to see average net income growth of 18% next year. Consensus price target up from kr4.60 to kr6.65. Share price rose 20% to kr5.15 over the past week. Breakeven Date Change • Jun 04
Forecast to breakeven in 2026 The 2 analysts covering OptiCept Technologies expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 60% per year to 2025. The company is expected to make a profit of kr6.00m in 2026. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Reported Earnings • Jun 04
First quarter 2024 earnings released: kr0.35 loss per share (vs kr0.71 loss in 1Q 2023) First quarter 2024 results: kr0.35 loss per share (improved from kr0.71 loss in 1Q 2023). Net loss: kr14.7m (loss narrowed 30% from 1Q 2023). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Board Change • May 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Anders Hattmark was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Apr 12
OptiCept Technologies AB Files Patent Application for Combined PEF and VI Treatment of Fruit and Vegetable Products OptiCept Technologies AB announced that the company has submitted a new patent application to the Swedish Intellectual Property Office (PRV). The patent application includes a new application area for the company's technologyplatforms CEPT (Controlled Environment PEF treatment) and VI (Vacuum infusion) in fruit and vegetable processing. Success with tests on pineapple chunks has prompted the filing of the patent application. OptiCept has developed a new application area for the company's technology platforms. The patent application includes a Pulsed Electric Field (PEF) step followed by a vacuum injection step, or the steps separately for softening fruit or vegetable products (pieces of fruit or vegetables), where the fruit or vegetable products are impregnated with fruit or vegetable juice to improve product color and texture. This new technology can naturally improve the organoleptic properties of products to be even more appreciated by consumers due to improved texture, consistency, and color. It also creates the conditions to produce completely new products. Success with tests on pineapple chunks has prompted the filing of the patent application. Major Estimate Revision • Mar 05
Consensus revenue estimates decrease by 48%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr51.7m to kr26.7m. EPS estimate increased from -kr1.24 to -kr1.08 per share. Machinery industry in Sweden expected to see average net income growth of 6.2% next year. Consensus price target of kr8.85 unchanged from last update. Share price rose 6.1% to kr2.97 over the past week. Recent Insider Transactions • Mar 01
Chairman of the Board recently bought kr193k worth of stock On the 28th of February, Ulf Hagman bought around 70k shares on-market at roughly kr2.76 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ulf's only on-market trade for the last 12 months. Reported Earnings • Feb 28
Full year 2023 earnings released: kr2.48 loss per share (vs kr5.03 loss in FY 2022) Full year 2023 results: kr2.48 loss per share (improved from kr5.03 loss in FY 2022). Net loss: kr80.4m (loss narrowed 20% from FY 2022). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Sweden. Tillkännagivande • Feb 27
OptiCept Technologies AB (publ), Annual General Meeting, May 24, 2024 OptiCept Technologies AB (publ), Annual General Meeting, May 24, 2024. New Risk • Feb 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue is less than US$1m (kr10.0m revenue, or US$969k). Market cap is less than US$10m (kr84.4m market cap, or US$8.20m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr96m). Currently unprofitable and not forecast to become profitable over next 3 years (kr23m net loss in 3 years). Shareholders have been diluted in the past year (43% increase in shares outstanding). Tillkännagivande • Dec 22
OptiCept Technologies AB (publ) Receives First Partial Results from the Pilot Project to Improve the Staining of Cuttings in China OptiCept Technologies AB (publ) announced that it has received the first partial results from the pilot project to improve the rooting of cuttings in China, which initially focuses on Acacia. The root of Acacia cuttings improved by 12-33% depending on the type of Acacia treated. In May 2023, OptiCept Technologies entered an agreement with Guangxi Shichen Group ("GSG"), in collaboration with the Chinese state research institute Guangxi Academy of Forestry, to evaluate the OptiBoost technology on several different types of cuttings to improve its rooting. Acacia cuttings treated with the patented vacuum impregnation technology show an average improved rooting of 12-33% after 45 days, with the final assessment made after 90 days. Results from the evaluation of Camelia will be available in 2024 when tests for Eucalyptus also will be carried out. Acacia is a large genus with many species. Cultivation of Acacia is particularly common in China, Southeast Asia, South America, Africa, and in Australia, where Acacia forest is the second most common forest type after Eucalyptus forest. Acacia is one of the most cultivated trees in the southern hemisphere and is a fast-growing species that can grow in harsh conditions that other species cannot, which can quickly generate yields. Reported Earnings • Nov 30
Third quarter 2023 earnings released: kr0.67 loss per share (vs kr1.09 loss in 3Q 2022) Third quarter 2023 results: kr0.67 loss per share (improved from kr1.09 loss in 3Q 2022). Net loss: kr20.7m (loss narrowed 4.4% from 3Q 2022). Revenue is forecast to grow 85% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. New Risk • Oct 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr110.5m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m (kr10m revenue, or US$925k). Market cap is less than US$10m (kr110.5m market cap, or US$9.95m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr104m). Currently unprofitable and not forecast to become profitable over next 2 years (kr14m net loss in 2 years). Tillkännagivande • Oct 22
OptiCept Technologies AB (publ) Announces CFO Changes OptiCept Technologies AB (publ) recruited Déspina Georgiadou Hedin as the company's new CFO. Déspina most recently comes from Ascelia Pharma AB (publ), where she held the position of CFO. She will take up her position no later than 1 November 2023. Déspina Georgiadou Hedin now replaces Tomas Andersson, who acted as interim CFO since April 2023 while a permanent recruitment was carried out. She has extensive experience in leading positions in finance and the role of CFO for both listed and unlisted companies. Most recently, she was the CFO at Ascelia Pharma AB and before that, she was, among other things, CFO and HR manager at Bioglan AB, as well as Chief Accountant and Senior Financial Specialist at Sol Voltaics AB. Déspina has a bachelor's degree in economics from Linnaeus University, Växjö/Kalmar. Reported Earnings • Aug 30
Second quarter 2023 earnings released: kr0.57 loss per share (vs kr1.10 loss in 2Q 2022) Second quarter 2023 results: kr0.57 loss per share (improved from kr1.10 loss in 2Q 2022). Net loss: kr17.1m (loss narrowed 22% from 2Q 2022). Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 47% per year, which means it has not declined as severely as earnings. Recent Insider Transactions Derivative • Jun 05
Chairman of the Board exercised options to buy kr106k worth of stock. On the 31st of May, Ulf Hagman exercised options to buy 10k shares at a strike price of around kr5.64, costing a total of kr56k. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. Since December 2022, Ulf's direct individual holding has increased from 148.82k shares to 208.34k. Company insiders have collectively bought kr148k more than they sold, via options and on-market transactions, in the last 12 months. Major Estimate Revision • Feb 23
Consensus revenue estimates fall by 21% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr67.0m to kr53.0m. Forecast losses increased from -kr0.70 to -kr1.14 per share. Machinery industry in Sweden expected to see average net income growth of 15% next year. Consensus price target down from kr35.00 to kr26.00. Share price fell 5.5% to kr10.60 over the past week. Tillkännagivande • Feb 07
OptiCept Technologies AB (publ), Annual General Meeting, Mar 08, 2023 OptiCept Technologies AB (publ), Annual General Meeting, Mar 08, 2023. Board Change • Nov 16
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. 5 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Director Elisabeth Yllfors was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Breakeven Date Change • Nov 07
Forecast breakeven date pushed back to 2024 The analyst covering OptiCept Technologies previously expected the company to break even in 2022. New forecast suggests losses will reduce by 35% per year to 2023. The company is expected to make a profit of kr2.00m in 2024. Average annual earnings growth of 87% is required to achieve expected profit on schedule. Price Target Changed • May 13
Price target decreased to kr119 Down from kr137, the current price target is provided by 1 analyst. New target price is 144% above last closing price of kr48.70. Stock is down 8.1% over the past year. The company is forecast to post earnings per share of kr4.90 next year compared to a net loss per share of kr2.88 last year. Reported Earnings • May 09
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr0.74 loss per share (down from kr0.47 loss in 1Q 2021). Net loss: kr14.8m (loss widened 162% from 1Q 2021). Revenue missed analyst estimates by 38%. Earnings per share (EPS) also missed analyst estimates by 335%. Over the next year, revenue is forecast to grow 4,589%, compared to a 15% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Board Change • Apr 27
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. 7 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Director Elisabeth Yllfors was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 10
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: kr2.61 loss per share (down from kr1.23 loss in FY 2020). Net loss: kr42.5m (loss widened 199% from FY 2020). Revenue missed analyst estimates by 38%. Earnings per share (EPS) exceeded analyst estimates by 335%. Over the next year, revenue is forecast to grow 2,568%, compared to a 20% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Reported Earnings • Feb 19
Full year 2020 earnings released: kr1.03 loss per share (vs kr0.81 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr3.33m (down 40% from FY 2019). Net loss: kr11.9m (loss widened 43% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 19
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 86%. Earnings per share (EPS) exceeded analyst estimates by 26%. Over the next year, revenue is forecast to grow 2,306%, compared to a 8.7% growth forecast for the Machinery industry in Sweden. Is New 90 Day High Low • Jan 18
New 90-day high: kr67.40 The company is up 137% from its price of kr28.40 on 20 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period. Price Target Changed • Jan 08
Price target raised to kr44.00 Up from kr38.00, the current price target is provided by 1 analyst. The new target price is 16% below the current share price of kr52.60. As of last close, the stock is up 95% over the past year. Is New 90 Day High Low • Dec 04
New 90-day high: kr43.90 The company is up 61% from its price of kr27.30 on 04 September 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: kr32.00 The company is up 6.0% from its price of kr30.20 on 12 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: kr0.17 loss per share The company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: kr1.04m (up 88% from 3Q 2019). Net loss: kr2.12m (loss widened 7.5% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.