Reported Earnings • Mar 23
Full year 2025 earnings released: kr1.14 loss per share (vs kr3.05 loss in FY 2024) Full year 2025 results: kr1.14 loss per share (improved from kr3.05 loss in FY 2024). Revenue: kr107.2m (down 4.9% from FY 2024). Net loss: kr185.3m (loss narrowed 14% from FY 2024). Board Change • Dec 17
Less than half of directors are independent There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Director Inna Kaushan is the most experienced director on the board, commencing their role in 2024. Independent Director Bjorn Eilertsen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Dec 05
Irisity AB Announces Formation of Independent Bid Committee and Changes in Board Committee Composition Irisity AB has, within the Board of Directors, appointed an independent bid committee, which will handle matters relating to the Offer. The independent bid committee consists of the independent board member Bjørn Skou Eilertsen. Inna Kaushan is a member of the Board of Directors of Irisity and Chairman of the Board of Directors of Stockhorn. She is also a partner in Stockhorn and has Board assignments in most of the companies in which Stockhorn has invested. Lucas de Mendoza is Chairman of the Board of Directors of Irisity and Senior Advisor to Stockhorn. Neither Inna Kaushan nor Lucas de Mendoza have participated in, and will not participate in, Irisity’s decisions regarding or the handling of matters relating to the Offer. The Independent Bid Committee therefore does not consist of a sufficient number of Board members to constitute a quorum but will comply with the Swedish Stock Market Self-Regulation Committee’s Takeover Rules for certain trading platforms. Tillkännagivande • Nov 21
Irisity AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 26.058914 million. Irisity AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 26.058914 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 217,157,616
Price\Range: SEK 0.12
Transaction Features: Rights Offering Tillkännagivande • Sep 27
Irisity AB (Publ) Announces CEO Changes Irisity AB (publ) announced that the Board of Directors has unanimously resolved to relieve Mr. Keven Marier of his duties as Chief Executive Officer, effective immediately. The Board has simultaneously appointed Gustav Zaar, the Company's Chief Financial Officer, as Interim CEO to ensure strong leadership continuity and effective oversight of the ongoing transformation program. Gustav Zaar brings over 17 years of experience in key finance leadership roles, including 6 years as CFO at Hansen and Lin Education, 7 years of experience in Business Controlling, and 4 years within audit at PwC. During his career, Gustav Zaar has gained extensive experience working with both small and large publicly listed companies, showcasing his ability to drive financial growth and operational efficiency. He holds a master's degree from School of Business, Economics and Law at University of Gothenburg. The Board also confirmed that it will initiate the search for a permanent Chief Executive Officer once the transition period is completed in 2026. Mr. Marier will remain available to advise and support the Board during the coming months, although he will step down immediately from all executive functions. Tillkännagivande • Sep 18
Irisity AB (publ) Announces Executive Changes Irisity AB (publ) announced simplification plan with the promotion of Victor Hagelbäck as Group CTO and responsible for all of Irisity's AI technology platforms and R&D operations. Victor Hagelbäck, Irisity's Chief Growth Officer, is promoted to Irisity's Group CTO and will be leading both Gothenburg and Budapest R&D operations. He has been part of Irisity's leadership team for since 2012, where he was Irisity's CTO from 2012 to 2019. Victor has Master of Science from Chalmers University of Technology and has been with Irisity for 16 years, serving in all key R&D leadership roles, including COO, CPO, and currently CGO. This promotion is part of Irisity's simplification plans and will further streamline the company's R&D operations. Zvika Ashani, co-founder of Agent Video Intelligence and Irisity Group CTO, will start a six-month handover process, ensuring a successful consolidation of the R&D operations from Tel Aviv to Gothenburg, Sweden. In addition, György Balogh, co-founder of Ultinous and currently Irisity Chief Product Officer, has decided to leave Irisity. György will start a three-month handover process to Victor and Attila Megyesi, VP of Engineering, Budapest. Starting in January 2026, György will serve as a strategic advisor supporting the continued productization of Generative AI capabilities within Irisity's AI technology platforms. Reported Earnings • Aug 17
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: kr0.30 loss per share (improved from kr0.78 loss in 2Q 2024). Revenue: kr26.9m (down 20% from 2Q 2024). Net loss: kr37.9m (loss narrowed 6.9% from 2Q 2024). Revenue missed analyst estimates by 36%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Commercial Services industry in Sweden. Tillkännagivande • Jun 30
Irisity AB (Publ) Appoints Lucas De Mendoza as Chairman of the Board of Directors Irisity AB (publ) announced at the AGM held on June 30, 2025, approved Lucas de Mendoza was elected as new Chairman of the Board of Directors. Tillkännagivande • May 29
Irisity AB (publ), Annual General Meeting, Jun 30, 2025 Irisity AB (publ), Annual General Meeting, Jun 30, 2025, at 15:00 W. Europe Standard Time. Location: at the companys premises, at lindholmspiren 7c, gothenburg, Sweden Reported Earnings • May 14
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: kr0.43 loss per share. Revenue: kr24.5m (down 30% from 1Q 2024). Net loss: kr49.5m (loss widened 60% from 1Q 2024). Revenue missed analyst estimates by 27%. Earnings per share (EPS) exceeded analyst estimates by 46%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Sweden. Tillkännagivande • Apr 17
Irisity AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 21.099857 million. Irisity AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 21.099857 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 52,749,643
Price\Range: SEK 0.4
Transaction Features: Rights Offering Major Estimate Revision • Apr 01
Consensus revenue estimates decrease by 23%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from kr145.0m to kr111.0m. EPS estimate increased from -kr1.23 to -kr1.08 per share. Commercial Services industry in Sweden expected to see average net income growth of 35% next year. Consensus price target down from kr1.50 to kr0.46. Share price fell 4.8% to kr0.38 over the past week. Tillkännagivande • Mar 29
Irisity AB (publ) Announces CFO Changes Irisity AB (publ) announced that Katarina Priou will conclude her role as Interim CFO on March 28, 2025. Katarina has served as a consultant and interim CFO since November 2024, successfully bridging the transition following the departure of former CFO Anna Forsberg until the arrival of Gustav Zaar, join in April. During the short interim period between Katarina's departure and Gustav's start, Victor Hagelbäck, Irisity's Chief Growth Officer, will assume the role of Interim CFO. He has been part of Irisity's leadership team for since 2012 and part of the company since 2008 and has a Master of Science from Chalmers University of Technology. Victor brings a strong understanding of Irisity's operations and strategic direction, ensuring continued financial leadership and operational continuity. Reported Earnings • Mar 25
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: kr3.05 loss per share. Revenue: kr128.3m (down 12% from FY 2023). Net loss: kr216.1m (loss widened 63% from FY 2023). Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Commercial Services industry in Sweden. New Risk • Feb 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 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 Less than 1 year of cash runway based on free cash flow trend (-kr68m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Market cap is less than US$10m (kr47.7m market cap, or US$4.50m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr122m net loss in 2 years). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% 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 Less than 1 year of cash runway based on free cash flow trend (-kr68m free cash flow). Earnings have declined by 47% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Market cap is less than US$10m (kr74.0m market cap, or US$6.63m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Tillkännagivande • Dec 14
Irisity AB (Publ) Announces CFO Changes Irisity AB (publ) announced the appointment of Katarina Priou as Interim Chief Financial Officer (CFO), effective immediately. Katarina brings extensive experience in financial strategy, fvaeadership, and business development. With a proven track record in financial management across various industries, Katarina has held senior finance roles in both listed and private companies. Katarina holds a master's degree in languages from the University of Gothenburg as well as a master's degree from the School of Business, Economics and Law at the University of Gothenburg. As communicated on November 1, an interim CFO was sought to ensure a smooth transition and maintain stability before the permanent CFO assumes the position. Katarina will serve in this capacity until Gustav Zaar, currently CFO for the CWS Business area at Foxway Group, joins Irisity. Gustav is expected to take on the CFO role no later than April 17, 2025. New Risk • Dec 02
New major risk - Revenue and earnings growth Earnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr68m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (kr63.9m market cap, or US$5.83m). Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). Tillkännagivande • Nov 29
Irisity AB (publ) has completed a Composite Units Offering. Irisity AB (publ) has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 6,722,994
Price\Range: SEK 8.4
Transaction Features: Rights Offering Reported Earnings • Nov 05
Third quarter 2024 earnings released: kr0.68 loss per share (vs kr0.78 loss in 3Q 2023) Third quarter 2024 results: kr0.68 loss per share. Revenue: kr35.6m (down 15% from 3Q 2023). Net loss: kr45.5m (loss widened 42% from 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Sweden. Tillkännagivande • Nov 01
Irisity AB (Publ) Announces Chief Financial Officer Changes Irisity AB (publ) announced strengthens its executive management team through the recruitment of Gustav Zaar as Chief Financial Officer, CFO. Gustav Zaar currently holds the position as CFO for CWS Business area at Foxway Group and will join Irisity by latest April 17, 2025. Anna Forsberg who has served as Interim CFO since September 2023 and will be leaving the company at the end of 2024. A new interim CFO search has begun and will be utilized for any time gap between Anna Forsberg's departure and Gustav Zaar's start date. Gustav Zaar brings over 17 years of experience in key finance leadership roles, including 6 years as CFO at Hansen and Lin Education, 7 years of experience in Business Controlling, and 4 years within audit at PwC. During his career, Gustav Zaar has gained extensive experience working with both small and large publicly listed companies, showcasing his ability to drive financial growth and operational efficiency. He holds a master's degree from School of Business, Economics and Law at University of Gothenburg. Gustav Zaar will lead all financial operations, including strategic financial planning, budgeting, and investor relations, to support the continued growth and success of the Irisity group. New Risk • Oct 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr92.1m (US$8.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr79m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Market cap is less than US$10m (kr92.1m market cap, or US$8.98m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr117m net loss in 2 years). Major Estimate Revision • Aug 22
Consensus revenue estimates decrease by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr197.0m to kr162.0m. EPS estimate unchanged from -kr2.48 per share at last update. Commercial Services industry in Sweden expected to see average net income growth of 35% next year. Consensus price target of kr5.50 unchanged from last update. Share price fell 7.8% to kr2.36 over the past week. Reported Earnings • Aug 16
Second quarter 2024 earnings released: kr0.78 loss per share (vs kr0.75 loss in 2Q 2023) Second quarter 2024 results: kr0.78 loss per share (further deteriorated from kr0.75 loss in 2Q 2023). Revenue: kr37.1m (up 1.8% from 2Q 2023). Net loss: kr40.7m (loss widened 43% from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Commercial Services industry in Sweden. New Risk • Aug 15
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 11% 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 (-kr76m free cash flow). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr172.1m market cap, or US$16.3m). New Risk • Jul 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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 Less than 1 year of cash runway based on free cash flow trend (-kr76m free cash flow). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr227.1m market cap, or US$21.3m). Tillkännagivande • May 31
Irisity AB (publ) Announces Board Changes Irisity AB (publ) at its AGM held on 30 May 2024 elected Bjørn Skou Eilertsen, Lucas de Mendoza and Inna Kaushan as new board members. Bjørn Skou Eilertsen was elected new chairman of the board of directors. Tillkännagivande • Apr 27
Marcus Bäcklund Declines Re-Election as Board Member of Irisity AB (Publ) Irisity AB (publ) announced that Marcus Bäcklund has declined re-election as board member at annual general meeting to be held on May 30, 2024. New Risk • Mar 22
New major risk - Revenue and earnings growth Earnings have declined by 54% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr43m free cash flow). Earnings have declined by 54% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (kr196.7m market cap, or US$18.6m). Reported Earnings • Mar 03
Full year 2023 earnings released: kr3.28 loss per share (vs kr3.58 loss in FY 2022) Full year 2023 results: kr3.28 loss per share (improved from kr3.58 loss in FY 2022). Revenue: kr152.8m (up 36% from FY 2022). Net loss: kr132.5m (loss narrowed 3.2% from FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Commercial Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 55% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 29
Irisity AB (publ) (OM:IRIS) agreed to acquire Ultinous Ltd. for SEK 45 million. Irisity AB (publ) (OM:IRIS) agreed to acquire Ultinous Ltd. for SEK 45 million on February 28, 2024.The purchase price for all Ultinous shares is intended to be paid by way of the In-kind Issue consisting of 9 million new shares in Irisity at a subscription price of SEK 5.00 per share. The subscription price has been set after arm’s length negotiations with the sellers of Ultinous, and it is the board of directors' assessment that the subscription price, corresponding to a premium of approximately 17.9% against the closing price of Irisity’s shares on Nasdaq First North Growth Market on February 28, 2024, is on market terms and conditions. The reason for deviating from the shareholders preferential rights is that a prerequisite for Irisity to be able to complete the acquisition of Ultinous is that the Company pays the purchase price by issuing its own shares to the sellers of Ultinous. In conjunction with the Acquisition, and as part of the term sheet, Stockhorn Capital AB will invest SEK 45 million in Irisity through a directed share issue on the same terms as in the In-kind Issue, i.e., SEK 5.00 per share. The Acquisition, the In-Kind Issue, and the Directed Issue are subject to national FDI Regulation requiring approval from Swedish and Hungarian authorities. Notice convening the extraordinary general meeting to authorize the board of Irisity on the In-kind Issue and the Directed Issue will be published separately. Penser by Carnegie Investment Bank AB (publ) and Advokatfirman Vinge KB as financial and legal advisers to Irisity AB (publ) (OM:IRIS) in connection with the transaction. Reported Earnings • Nov 17
Third quarter 2023 earnings released: kr0.82 loss per share (vs kr1.06 loss in 3Q 2022) Third quarter 2023 results: kr0.82 loss per share (improved from kr1.06 loss in 3Q 2022). Revenue: kr43.9m (up 155% from 3Q 2022). Net loss: kr32.1m (loss narrowed 21% from 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 11
Irisity AB (publ), Annual General Meeting, Apr 23, 2024 Irisity AB (publ), Annual General Meeting, Apr 23, 2024. Tillkännagivande • Nov 10
Irisity AB (Publ) Announces Appoints Hannah Marier to Nomination Committee The nomination committee for Irisity AB (publ) ahead of the 2024 annual general meeting has been appointed based on the ownership conditions on 30 September 2023. The nomination committee consists of: Sun Red Beach Growth Partners through Hannah Marier. New Risk • Oct 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr55m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr53m net loss in 2 years). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (kr244.9m market cap, or US$22.3m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: kr0.75 loss per share (vs kr0.63 loss in 2Q 2022) Second quarter 2023 results: kr0.75 loss per share (further deteriorated from kr0.63 loss in 2Q 2022). Revenue: kr39.5m (up 6.1% from 2Q 2022). Net loss: kr28.6m (loss widened 18% from 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 11
Irisity AB (Publ) Provides Financial Forecast for the Third, Fourth Quarter and Full Year 2023 Irisity AB (publ) provided financial forecast for the third, fourth quarter and full year 2023. For the third quarter, the company forecasts net sales of SEK 32-37 million. For the fourth quarter, the company forecasts net sales of SEK 37-42 million, For the full year, the company forecasts net sales SEK 131-141 million. Board Change • Jul 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Dorian Moshe Barak is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Jun 12
Irisity AB (publ) Recruits Raziel Bareket as Chief Operating Officer (Coo) Irisity recruits Raziel Bareket as Chief Operating Officer (COO). The company hires physical security software industry executive to lead Irisity's and AgentVi's partner sales and support operations globally. Partners are critical to meet the needs of customers when adding real-time video intelligence to monitoring operations and therefore are key to Irisity's growth. Raziel's first day will be June 12th, 2023. Over an 11-year period Raziel was a key contributor to Milestone Systems' global growth building the strongest network of EMEA security channel partners and programs. This, plus his many years of leading SaaS/IoT/B2B companies, will be an important step forward for Irisity's and AgentVi's future growth. Tillkännagivande • Jun 03
Irisity AB (publ) Announces Board Changes Irisity AB (publ) Aat its extraordinary general meeting held on 2 June 2023, elected Marcus Bäcklund, Christian Andersson and Anders Trygg as new members of the board of directors. The chairman of the board of directors Lennart Svantesson and the board members Anders Långsved, Anna Ahlberg and Rom Mendel resigned their assignments on the board of directors at their own request in connection with the general meeting. Board member Nils Malmros resigned his assignment on the board of directors for personal reasons. Recent Insider Transactions • May 21
CFO & COO recently sold kr175k worth of stock On the 16th of May, Anna Anderstrom sold around 30k shares on-market at roughly kr5.84 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anna has been a net seller over the last 12 months, reducing personal holdings by kr30k. Recent Insider Transactions • May 19
CFO & COO recently sold kr175k worth of stock On the 16th of May, Anna Anderstrom sold around 30k shares on-market at roughly kr5.84 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Anna has been a net buyer over the last 12 months, purchasing a net total of kr55k worth of shares. Reported Earnings • May 14
First quarter 2023 earnings released: kr0.85 loss per share (vs kr0.73 loss in 1Q 2022) First quarter 2023 results: kr0.85 loss per share (further deteriorated from kr0.73 loss in 1Q 2022). Revenue: kr33.4m (down 1.9% from 1Q 2022). Net loss: kr32.5m (loss widened 16% from 1Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Board Change • May 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ulf Runmarker was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Mar 05
Consensus revenue estimates fall by 23% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr162.0m to kr125.0m. Forecast losses increased from -kr1.47 to -kr2.39 per share. Commercial Services industry in Sweden expected to see average net income growth of 35% next year. Consensus price target of kr7.65 unchanged from last update. Share price fell 6.3% to kr8.15 over the past week. Reported Earnings • Feb 25
Full year 2022 earnings released: kr3.58 loss per share (vs kr0.86 loss in FY 2021) Full year 2022 results: kr3.58 loss per share (further deteriorated from kr0.86 loss in FY 2021). Revenue: kr121.2m (up 31% from FY 2021). Net loss: kr136.9m (loss widened 472% from FY 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services 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 only fallen by 5% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 14
Irisity AB (publ) to Report Q4, 2022 Results on Feb 24, 2023 Irisity AB (publ) announced that they will report Q4, 2022 results at 9:00 AM, Central European Standard Time on Feb 24, 2023 Recent Insider Transactions • Jan 13
Chief Financial Officer recently bought kr63k worth of stock On the 10th of January, Anna Anderstrom bought around 10k shares on-market at roughly kr6.30 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr168k. Anna has been a buyer over the last 12 months, purchasing a net total of kr231k worth in shares. Breakeven Date Change • Nov 22 The analyst covering Irisity previously expected the company to break even in 2023. New forecast suggests the company will make a profit of kr13.8m in 2023. Average annual earnings growth of 89% is required to achieve expected profit on schedule.
Price Target Changed • Nov 22
Price target decreased to kr7.65 Down from kr65.00, the current price target is provided by 1 analyst. New target price is 62% above last closing price of kr4.74. Stock is down 92% over the past year. The company is forecast to post a net loss per share of kr1.25 next year compared to a net loss per share of kr0.86 last year. Reported Earnings • Aug 12
Second quarter 2022 earnings released: kr0.63 loss per share (vs kr0.23 loss in 2Q 2021) Second quarter 2022 results: kr0.63 loss per share (down from kr0.23 loss in 2Q 2021). Revenue: kr39.9m (up 151% from 2Q 2021). Net loss: kr24.2m (loss widened 302% from 2Q 2021). Over the next year, revenue is forecast to grow 74%, compared to a 12% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Major Estimate Revision • May 26
Consensus revenue estimates fall by 31% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr254.0m to kr174.2m. Forecast losses increased from -kr0.75 to -kr1.25 per share. Commercial Services industry in Sweden expected to see average net income growth of 30% next year. Consensus price target down from kr65.00 to kr61.50. Share price fell 14% to kr20.70 over the past week. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr0.73 loss per share (down from kr0.15 loss in 1Q 2021). Revenue: kr34.4m (up 126% from 1Q 2021). Net loss: kr27.9m (loss widened kr24.1m from 1Q 2021). Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 170%, compared to a 11% growth forecast for the industry in Sweden. 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 7% per year, which means it is well ahead of earnings. Board Change • Apr 28
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 Anders Langsved 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. Breakeven Date Change • Apr 27
Forecast breakeven date pushed back to 2023 The analyst covering Irisity previously expected the company to break even in 2022. New forecast suggests the company will make a profit of kr40.4m in 2023. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 22
Forecast breakeven date pushed back to 2023 The analyst covering Irisity previously expected the company to break even in 2022. New forecast suggests the company will make a profit of kr40.4m in 2023. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Reported Earnings • Feb 19
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: kr0.62 loss per share (up from kr0.83 loss in FY 2020). Revenue: kr93.1m (up 99% from FY 2020). Net loss: kr23.9m (loss widened 22% from FY 2020). Revenue missed analyst estimates by 23%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 243%, compared to a 13% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released: kr0.098 loss per share (vs kr0.28 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: kr20.8m (up 118% from 3Q 2020). Net loss: kr2.54m (loss narrowed 61% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: kr0.23 loss per share (vs kr0.18 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr15.9m (up 49% from 2Q 2020). Net loss: kr6.03m (loss widened 71% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2021 earnings released The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr15.3m (up 19% from 1Q 2020). Net loss: kr3.77m (loss narrowed 11% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 82% per year, which means it is well ahead of earnings. Executive Departure • Apr 27
Independent Director has left the company On the 22nd of April, Meg Tiveus' tenure in the role of Independent Director ended. We don't have any record of a personal shareholding under Meg's name. Meg is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 19
Full year 2020 earnings released: kr0.83 loss per share (vs kr0.92 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: kr46.8m (down 8.9% from FY 2019). Net loss: kr19.6m (loss widened 11% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 89% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 03
New 90-day high: kr55.40 The company is up 79% from its price of kr31.00 on 03 December 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period.