Duyuru • May 09
Copilot Capital Informs Relesys Regarding Intend to Cause Relesys to Request Nasdaq Copenhagen for Removal from Trading of the Shares from Nasdaq First North Growth Market In company announcement no. 4-2024, Relesys A/S (‘Relesys’) announced that shareholders representing approximately 93.5% of the share capital had entered into binding agreements to sell their shares with Unite BidCo ApS, a company controlled by Copilot Capital Limited (‘Copilot’). Relesys announced that the binding agreements with Copilot regarding the sale of approximately 93.5% of the shares in Relesys have been completed on May 8, 2024. Following settlement of the binding agreements, Copilot now holds more than 90% of the shares and the voting rights in Relesys. Accordingly, Copilot has informed Relesys that they intend to cause Relesys to request Nasdaq Copenhagen for removal from trading of the shares in Relesys from Nasdaq First North Growth Market. Relesys' shares are expected to be deleted from trading on 15 May 2024 with the last day of trading on Nasdaq First North Growth Market being 14 May 2024 subject to approval from Nasdaq Copenhagen A/S. The four-week compulsory acquisition period is expected to commence on 15 May 2024 and accordingly, the last day of the four-week period will be on 12 June 2024. Duyuru • Mar 21
Relesys A/S, Annual General Meeting, Apr 30, 2024 Relesys A/S, Annual General Meeting, Apr 30, 2024. Major Estimate Revision • Mar 13
Consensus EPS estimates upgraded to kr.0.32 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -kr.0.37 to -kr.0.32 per share. Revenue forecast unchanged from kr.56.0m at last update. Software industry in Denmark expected to see average net income growth of 30% next year. Consensus price target of kr.5.75 unchanged from last update. Share price rose 16% to kr.4.14 over the past week. Reported Earnings • Nov 30
Third quarter 2023 earnings released: kr.0.03 loss per share (vs kr.0.13 loss in 3Q 2022) Third quarter 2023 results: kr.0.03 loss per share (improved from kr.0.13 loss in 3Q 2022). Revenue: kr.14.5m (up 24% from 3Q 2022). Net loss: kr.1.73m (loss narrowed 74% from 3Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Software industry in Europe. Duyuru • Nov 30
Relesys A/S Provides Earnings Guidance for the Year 2023 Relesys A/S provided earnings guidance for the year 2023. For the year, the company expected revenue of DKK 54 million - DKK 60 million. New Risk • Nov 20
New major risk - Revenue and earnings growth Earnings have declined by 66% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 66% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr.168.4m market cap, or US$24.7m). Major Estimate Revision • Sep 02
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr.57.0m to kr.56.0m. Losses expected to increase from kr.0.33 per share to kr.0.39. Software industry in Denmark expected to see average net income growth of 17% next year. Consensus price target of kr.5.85 unchanged from last update. Share price fell 5.7% to kr.4.00 over the past week. Duyuru • Aug 30
Relesys A/S Provides Earnings Guidance for the Year 2023 Relesys A/S provided earnings guidance for the year 2023. For the year, the company expects revenue to be in the range of DKK 54 million - DKK 60 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 Lars Runov 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. Duyuru • Jun 15
Relesys A/S Appoints Annette Blou Pryce as a Member of the Board of Directors Relesys A/S announced that on 14 June 2023, the company held an Extraordinary General Meeting in accordance with the notice and the agenda announced on May 26, 2023, where Annette Blou Pryce was appointed as a member of the Board of Directors. Annette comes with 20+ years of focus on strengthening companies' positioning in the market, including several years at leadership level at creative global network agencies. Duyuru • Dec 24
Relesys A/S Revises Earnings Guidance for the Full Year 2022 Relesys A/S revised earnings guidance for the full year 2022. For the year, the company adjusted ARR guidance for 2022 from previously DKK 41 million - DKK 42 million to now DKK 42 million - DKK 43 million. The adjusted ARR guidance corresponds to a year-over-year growth of 34% - 37%. Revenue guidance remains unchanged at DKK 42 million - DKK 45 million. Duyuru • Dec 06
Relesys A/S Provides Revenue Guidance for the Year 2022 Relesys A/S provided revenue guidance for the year 2022. For the period, the company announced revenue guidance remains unchanged at DKK 42 million - DKK 45 million. Duyuru • Dec 01
Relesys A/S Revises Revenue Guidance for the Full Year of 2022 Relesys A/S revised revenue guidance for the full year of 2022. The company expects range for it Revenue guidance from previously DKK 41 million – DKK 45 million to now DKK 42 million - DKK 45 million. Board Change • Nov 16
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 Lars Runov 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. Duyuru • Sep 23
Relesys A/S Announces Changes to the Board of Directors Relesys A/S announced changes to the Board of Directors. The current member of the Board of Directors of Relesys A/S, Camilla Simonsen, will take on the role of Chief Commercial Officer (CCO) at Relesys A/S on January 2, 2023. Previously Camilla has been part of the management at Siteimprove A/S, and she brings more than 15 years of commercial experience in SaaS as well as extensive experience within international expansion and management. When Camilla Simonsen resumes the role as CCO, she will simultaneously be stepping down from her assignment as a member of the Board of Directors of Relesys A/S. The Board of Directors will initiate a search for a fifth member to be elected at the next annual general meeting. Duyuru • Aug 30
Relesys A/S Provides Revenue Guidance for the Full Year of 2022 Relesys A/S provided revenue guidance for the full year of 2022. The company expects the revenue to grow to DKK 41 million - DKK 45 million, at the end of 2022, which is also in line with the expectations for the future presented in the IPO prospectus and unchanged from what was communicated in the Quarterly Announcement first quarter of 2022. Duyuru • May 26
Relesys A/S Provides Revenue Guidance for the Year 2022 Relesys A/S provided revenue guidance for the year 2022. The company expects the revenue to grow to DKK 41 million - DKK 45 million, at the end of 2022. Board Change • Apr 27
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 Lars Runov 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. Duyuru • Apr 12
Relesys A/S, Annual General Meeting, Apr 27, 2022 Relesys A/S, Annual General Meeting, Apr 27, 2022, at 10:00 Central European Standard Time. Location: Comwell Copenhagen Portside Alexandriagade 1, Room E, DK-2150 Nordhavn Denmark Agenda: To consider the election of and authorization to chairman of the meeting; to consider the Board of Directors' report on the Company's activities in the past year; to consider the presentation and approval of the audited annual report and resolution for the discharge from liability of the Board of Directors and the Executive Management; to consider the resolution on the appropriation of profit or covering of loss according to the approved annual report; to consider the approval of the Board of Directors' remuneration for 2022; to consider the election of members to the Board of Directors; to consider the election of auditors; to consider the motions or resolutions from the Board of Directors or the shareholders; and to transact any other business issues. Duyuru • Mar 29
Relesys A/S Provides Revenue Guidance for the Full Year of 2022 Relesys A/S provided revenue guidance for the full year of 2022. For the year, the company expects the revenue to grow to DKK 41 million - DKK 45 million, at the end of 2022. Duyuru • Jan 28
Relesys Announces Changes in Executive Management Relesys announced changes within the executive management team and structure of the Company. Mads Stoffer Larsen, current Chief Financial Officer (CFO) will be joining as new member of the Executive Management effective 1st of February 2022. Mads Stoffer Larsen has more than 12 years of experience working with accounting, finance, and management. With his background from advisory and with his practical finance mindset Mads is leading Relesys financial function and has a big part in Relesys' further growth and expansion. Jens Ole Lebeck, current Chief Commercial Officer (CCO) and member of the Executive Management will transition into a new role as Chief Operating Officer (COO) effective of 1st of February 2022. Jens Ole Lebeck has more than 20 years of experience in sales and management and has co-founded Relesys. In his new role, Jens Ole Lebeck will strengthen the operational capabilities of the organization ensuring the prerequisite efficiency for continued growth and internationalization. With Mads Stoffer Larsen joining as a member of the Executive Management, Relesys A/S Executive Management will consist of: Jesper Roesgaard, CEO; Jens Ole Lebeck, COO; Mads Stoffer Larsen, CFO. Board Change • Dec 31
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 Lars Runov 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.