Tillkännagivande • Jan 24
Fin Sustainable Logistics acquired Urb-it AB (publ). Fin Sustainable Logistics acquired Urb-it AB (publ) on January 23, 2024.
Fin Sustainable Logistics completed the acquisition of Urb-it AB (publ) on January 23, 2024. New Risk • Dec 01
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 17% 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 (-kr152m 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 (over 8x increase in shares outstanding). Market cap is less than US$10m (kr9.69m market cap, or US$934.1k). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr35m net loss in 2 years). Reported Earnings • Oct 29
Third quarter 2023 earnings released: kr0.018 loss per share (vs kr0.15 loss in 3Q 2022) Third quarter 2023 results: kr0.018 loss per share. Revenue: kr12.2m (down 4.6% from 3Q 2022). Net loss: kr39.1m (loss widened 11% from 3Q 2022). Revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Logistics industry in Europe. Tillkännagivande • Oct 11
Urb-It AB (Publ) Announces CFO Changes Kristian Hansen, who has served as Interim CFO since May 2023, will be concluding his successful 6-month assignment with Urb-it. During his tenure, Kristian has played a crucial role in steering the company's financial direction, and his contributions have been invaluable. Effective immediately, the daily responsibilities will be assumed by Benjamin Feld. Benjamin brings a wealth of experience in finance, having almost accumulated a decade of expertise in various finance roles at organizations such as Lidl Sverige and Arvid Nordquist. Benjamin joined Urb-it in April 2022, and his deep knowledge of the company's operations and financial landscape makes him the ideal candidate to lead Urb-it's finance department into the future. Recent Insider Transactions • Aug 30
Chief Executive officer recently bought kr196k worth of stock On the 25th of August, Kevin Kviblad bought around 14m shares on-market at roughly kr0.015 per share. This transaction increased Kevin's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kevin has been a buyer over the last 12 months, purchasing a net total of kr501k worth in shares. New Risk • Aug 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: -kr151m 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 (-kr151m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Market cap is less than US$10m (kr31.5m market cap, or US$2.86m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr48m net loss in 2 years). Revenue is less than US$5m (kr54m revenue, or US$4.9m). Reported Earnings • Aug 27
Second quarter 2023 earnings released: kr0.009 loss per share (vs kr0.15 loss in 2Q 2022) Second quarter 2023 results: kr0.009 loss per share (improved from kr0.15 loss in 2Q 2022). Revenue: kr11.7m (down 21% from 2Q 2022). Net loss: kr20.7m (loss narrowed 41% from 2Q 2022). Revenue is forecast to grow 66% p.a. on average during the next 3 years, while revenues in the Logistics industry in Europe are expected to remain flat. New Risk • Aug 27
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: kr54m (US$4.9m) This is considered a minor risk. Companies with a small amount of revenue 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 (32% average weekly change). Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Market cap is less than US$10m (kr31.5m market cap, or US$2.85m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr151m). Currently unprofitable and not forecast to become profitable over next 2 years (kr30m net loss in 2 years). Revenue is less than US$5m (kr54m revenue, or US$4.9m). Tillkännagivande • May 06
Urb-It AB (Publ) Announces the Appointment of Kristian Hansen as CFO Urb-it AB (publ) announced it has appointed Kristian Hansen as its new CFO. Kristian has worked for more than 25 years within finance in several roles, including in the capacity of CFO and Financial Director. His latest assignment was with Konica Minolta Business Solutions, where he spent almost seven years as the Finance Director. Major Estimate Revision • May 04
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr110.0m to kr91.0m. Forecast losses increased from -kr0.03 to -kr0.05 per share. Logistics industry in Sweden expected to see average net income decline 6.4% next year. Consensus price target of kr0.24 unchanged from last update. Share price fell 3.6% to kr0.024 over the past week. Reported Earnings • Apr 30
First quarter 2023 earnings released: kr0.016 loss per share (vs kr0.17 loss in 1Q 2022) First quarter 2023 results: kr0.016 loss per share (improved from kr0.17 loss in 1Q 2022). Revenue: kr12.0m (down 5.2% from 1Q 2022). Net loss: kr34.3m (loss narrowed 12% from 1Q 2022). Revenue is forecast to grow 59% p.a. on average during the next 3 years, while revenues in the Logistics industry in Europe are expected to remain flat. Recent Insider Transactions • Mar 09
Chief Executive officer recently bought kr90k worth of stock On the 6th of March, Kevin Kviblad bought around 2m shares on-market at roughly kr0.04 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months. Breakeven Date Change • Mar 06
Forecast to breakeven in 2025 The 2 analysts covering Urb-it expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 29% per year to 2024. The company is expected to make a profit of kr13.0m in 2025. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Reported Earnings • Mar 04
Full year 2022 earnings released: kr0.64 loss per share (vs kr0.51 loss in FY 2021) Full year 2022 results: kr0.64 loss per share (further deteriorated from kr0.51 loss in FY 2021). Revenue: kr56.1m (up 41% from FY 2021). Net loss: kr151.8m (loss widened 50% from FY 2021). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 2.1% decline forecast for the Logistics industry in Europe. Tillkännagivande • Feb 18
Urb-It AB (Publ) Announces Resignation of Mark Rehnström as CFO Urb-it AB (publ) announced that Mark Rehnström, CFO at Urb-It AB, has announced his resignation for a new career opportunity outside Urb-it. Mark Rehnström is part of Urb-it's global management team and has been employedsince 2020. To guarantee the transition, Mark Rehnström will continue in his role during his notice period until Urb-it has found a replacement. Urb-it will immediately start recruiting a new CFO. Major Estimate Revision • Dec 08
Consensus EPS estimates fall by 69% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr57.4m to kr52.9m. Losses expected to increase from kr0.35 per share to kr0.60. Online Retail industry in Sweden expected to see average net income growth of 3.3% next year. Consensus price target of kr0.24 unchanged from last update. Share price fell 3.9% to kr0.099 over the past week. Board Change • Nov 16
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. 4 experienced directors. No highly experienced directors. Independent Director Johan Englund was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr78.5m to kr57.4m. EPS estimate increased from -kr0.61 to -kr0.35 per share. Online Retail industry in Sweden expected to see average net income decline 11% next year. Consensus price target of kr0.24 unchanged from last update. Share price fell 3.7% to kr0.12 over the past week. Reported Earnings • Oct 30
Third quarter 2022 earnings released: kr0.15 loss per share (vs kr0.12 loss in 3Q 2021) Third quarter 2022 results: kr0.15 loss per share (further deteriorated from kr0.12 loss in 3Q 2021). Revenue: kr12.8m (up 45% from 3Q 2021). Net loss: kr35.4m (loss widened 47% from 3Q 2021). Revenue is forecast to grow 82% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Online Retail industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Oct 22
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr82.0m to kr78.5m. Losses expected to increase from kr0.61 per share to kr0.70. Online Retail industry in Sweden expected to see average net income decline 6.8% next year. Consensus price target of kr3.28 unchanged from last update. Share price fell 26% to kr0.14 over the past week. Major Estimate Revision • Aug 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr91.5m to kr82.0m. EPS estimate increased from -kr0.65 to -kr0.61 per share. Online Retail industry in Sweden expected to see average net income growth of 4.2% next year. Consensus price target of kr3.28 unchanged from last update. Share price rose 3.0% to kr3.42 over the past week. Reported Earnings • Aug 19
Second quarter 2022 earnings released: kr0.15 loss per share (vs kr0.093 loss in 2Q 2021) Second quarter 2022 results: kr0.15 loss per share (down from kr0.093 loss in 2Q 2021). Revenue: kr14.8m (up 102% from 2Q 2021). Net loss: kr35.1m (loss widened 94% from 2Q 2021). Over the next year, revenue is forecast to grow 190%, compared to a 12% growth forecast for the Online Retail industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 19
Urb-it AB (publ) to Report Q1, 2023 Results on Apr 27, 2023 Urb-it AB (publ) announced that they will report Q1, 2023 results on Apr 27, 2023 Major Estimate Revision • Jul 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr102.5m to kr91.5m. EPS estimate reaffirmed at -kr0.65 per share. Online Retail industry in Sweden expected to see average net income growth of 18% next year. Consensus price target of kr3.28 unchanged from last update. Share price rose 8.4% to kr3.60 over the past week. Recent Insider Transactions • Jun 29
Insider recently sold kr336k worth of stock On the 22nd of June, Hannes Skugghall sold around 112k shares on-market at roughly kr3.01 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr6.0m more than they sold in the last 12 months. Recent Insider Transactions • May 06
Chairman of the Board recently bought kr279k worth of stock On the 2nd of May, Lage Jonason bought around 87k shares on-market at roughly kr3.22 per share. In the last 3 months, they made an even bigger purchase worth kr4.7m. Lage has been a buyer over the last 12 months, purchasing a net total of kr6.2m worth in shares. Reported Earnings • Apr 29
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: kr0.17 loss per share (down from kr0.083 loss in 1Q 2021). Revenue: kr12.7m (up 112% from 1Q 2021). Net loss: kr39.1m (loss widened 155% from 1Q 2021). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 252%, compared to a 21% growth forecast for the industry in Sweden. 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 48% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 27
Price target decreased to kr5.50 Down from kr6.00, the current price target is provided by 1 analyst. New target price is 68% above last closing price of kr3.27. Stock is up 28% over the past year. The company is forecast to post a net loss per share of kr0.51 next year compared to a net loss per share of kr0.51 last year. Board Change • Apr 27
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. No highly experienced directors. Chairman of the Board Lage Jonason was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr148.0m to kr110.0m. EPS estimate increased from -kr0.53 to -kr0.51 per share. Online Retail industry in Sweden expected to see average net income growth of 45% next year. Consensus price target down from kr6.00 to kr5.50. Share price was steady at kr3.75 over the past week. Reported Earnings • Mar 30
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: kr0.51 loss per share (down from kr0.46 loss in FY 2020). Revenue: kr39.8m (up 124% from FY 2020). Net loss: kr100.9m (loss widened 55% from FY 2020). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Over the next year, revenue is forecast to grow 271%, compared to a 28% growth forecast for the retail industry in Sweden. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 17
Chairman of the Board recently bought kr4.7m worth of stock On the 14th of March, Lage Jonason bought around 1m shares on-market at roughly kr3.25 per share. This was the largest purchase by an insider in the last 3 months. Lage has been a buyer over the last 12 months, purchasing a net total of kr5.1m worth in shares. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: kr0.51 loss per share (down from kr0.46 loss in FY 2020). Revenue: kr39.8m (up 124% from FY 2020). Net loss: kr100.9m (loss widened 55% from FY 2020). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Over the next year, revenue is forecast to grow 271%, compared to a 29% growth forecast for the retail industry in Sweden. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Feb 23
Forecast to breakeven in 2024 The analyst covering Urb-it expects the company to break even for the first time. New forecast suggests the company will make a profit of kr27.0m in 2024. Average annual earnings growth of 56% is required to achieve expected profit on schedule. Recent Insider Transactions • Dec 18
Chief Executive officer recently bought kr116k worth of stock On the 14th of December, Kevin Kviblad bought around 25k shares on-market at roughly kr4.65 per share. This was the largest purchase by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months. Reported Earnings • Dec 01
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: kr0.12 loss per share (down from kr0.09 loss in 3Q 2020). Revenue: kr8.82m (up 174% from 3Q 2020). Net loss: kr24.1m (loss widened 78% from 3Q 2020). Revenue exceeded analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 357%, compared to a 31% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 69% per year whereas the company’s share price has increased by 72% per year. Breakeven Date Change • Nov 27
No longer forecast to breakeven The analyst covering Urb-it no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr37.0m in 2023. New forecast suggests the company will make a loss of kr7.00m in 2023. Recent Insider Transactions • Aug 01
Chairman of the Board recently bought kr425k worth of stock On the 28th of July, Lage Jonason bought around 100k shares on-market at roughly kr4.25 per share. This was the largest purchase by an insider in the last 3 months. This was Lage's only on-market trade for the last 12 months. Reported Earnings • Jul 28
Second quarter 2021 earnings released: kr0.093 loss per share (vs kr0.17 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr7.39m (up 35% from 2Q 2020). Net loss: kr18.1m (loss narrowed 18% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 89% per year whereas the company’s share price has increased by 85% per year. Is New 90 Day High Low • Mar 05
New 90-day low: kr2.60 The company is down 13% from its price of kr3.00 on 04 December 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: kr3.20 The company is up 48% from its price of kr2.16 on 09 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 Online Retail industry, which is up 20% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: kr0.09 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: kr3.22m (up 113% from 3Q 2019). Net loss: kr13.6m (loss widened 30% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 02
New 90-day high: kr2.96 The company is up 32% from its price of kr2.24 on 03 September 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 26% over the same period. Tillkännagivande • Oct 04
Urb-It Announces Partnership with DHL Express France Urb-it and DHL Express France have entered into a partnership to provide zero carbon last-mile deliveries to its consumers in France. The new partnership will enable Urb-it to enhance its eco-certified last-mile delivery service and meet the rapidly increasing consumer demand for sustainable, future-proof ecommerce delivery and returns solutions. It will also solve the need for an eco-fleet to rapidly scale capacity and deliver on customer expectations. Now live in Paris, Urb-it will operate a part of last-mile deliveries direct from DHL Express France's centrally located distribution centers to consumers, with future plans to roll the operation out across other major French cities. The partnership brings together two influential logistic service providers to offer customers a premium and sustainable delivery service. Urb-it is combining sustainable, customer-centric delivery services with next-gen technology solutions. In its 2021 strategy, it expects further growth of its cross-border logistics partnerships, and as a result, increased demand for convenient and eco-friendly delivery expertise. Is New 90 Day High Low • Sep 29
New 90-day high: kr2.50 The company is up 41% from its price of kr1.77 on 01 July 2020. The Swedish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 33% over the same period.