Duyuru • Apr 12
Pollen Street Capital Limited completed the acquisition of 91.13% stake in OrderYOYO A/S (CPSE:YOYO). Pollen Street Capital Limited entered into a transaction agreement to acquire 91.13% stake in OrderYOYO A/S (CPSE:YOYO) for approximately DKK 780 million on March 4, 2025. As part of the acquisition, Ophelia BidCo ApS (Bidco) is formed by Pollen Street Capital Limited, and Bidco will acquire 90.5 million shares at a price of DKK 9.5 per share. The Transaction provides capital and expertise to enable OrderYOYO to pursue its growth ambitions whilst also providing liquidity to shareholders at what the Board of Directors believe is an attractive valuation for existing shareholders. Victor Garcia will stay on as Chairman of the Board of Directors of OrderYOYO, while Jesper Johansen will continue as CEO of OrderYOYO. Upon completion, the remaining OrderYOYO shareholders will be redeemed through a compulsory acquisition process in accordance with sections 70 and 72 of the Danish Companies Act to be initiated by BidCo whereby all minority shareholders will be requested, by publication of a separate notice, to transfer all their remaining shares in OrderYOYO to BidCo within a four-week notice period. The compulsory acquisition process is expected to be initiated as soon as possible following the delisting. OrderYOYO expects to convene an extraordinary general meeting to be held with the purpose of electing new members of the Board of Directors as soon as possible after settlement of the trades relating to the Share Purchase Agreements.
The Board of Directors of OrderYOYO A/S have unanimously decided to recommend the transaction to its shareholders. Following settlement of the trades relating to the Share Purchase Agreements, BidCo will hold more than 90% of the shares and voting rights in OrderYOYO. Accordingly, OrderYOYO will request Nasdaq Copenhagen for delisting of the OrderYOYO shares on Nasdaq First North Growth Market Denmark following settlement of the Share Purchase Agreements. Subject to approval from Nasdaq Copenhagen, delisting will be initiated shortly after settlement of the trades relating to the Share Purchase Agreements and is expected to take place within 60 days.
Stifel, Nicolaus & Company, Incorporated acted as financial advisor to OrderYOYO A/S. Kristian Lykkeholm Klausen and Anne Zeuthen Lokkegaard of Accura Advokataktieselskab acted as legal advisor to OrderYOYO A/S. Perella Weinberg UK Limited acted as financial advisor to Pollen Street Capital Limited. Gorrissen Federspiel I/S acted as legal advisor to Pollen Street Capital Limited. Jesper Skaarup Vestergaard of Grant Thornton-Danmark Statsautoriseret Revisionsaktieselskab acted as accountant to OrderYOYO A/S.
Pollen Street Capital Limited completed the acquisition of 91.13% stake in OrderYOYO A/S (CPSE:YOYO) on April 10, 2025. On completion, BidCo has informed OrderYOYO that it will cause OrderYOYO to request Nasdaq Copenhagen A/S for removal from trading of the shares in OrderYOYO from Nasdaq First North Growth Market. OrderYOYO's shares are expected to be removed from trading on 10 April 2025 with the last day of trading on Nasdaq First North Growth Market being April 11, 2025, subject to approval from Nasdaq Copenhagen A/S. The four-week compulsory acquisition period will commence on April 14, 2025 and accordingly, the last day of the four-week period will be May 12, 2025. New Risk • Mar 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (9.4% average weekly change). Duyuru • Mar 06
Pollen Street Capital Limited entered into a transaction agreement to acquire 91.13% stake in OrderYOYO A/S (CPSE:YOYO) for approximately DKK 780 million. Pollen Street Capital Limited entered into a transaction agreement to acquire 91.13% stake in OrderYOYO A/S (CPSE:YOYO) for approximately DKK 780 million on March 4, 2025. As part of the acquisition, Ophelia BidCo ApS (Bidco) is formed by Pollen Street Capital Limited and Bidco will acquire 90.5 million shares at a price of DKK 9.5 per share. The Transaction provides capital and expertise to enable OrderYOYO to pursue its growth ambitions whilst also providing liquidity to shareholders at what the Board of Directors believe is an attractive valuation for existing shareholders. Victor Garcia will stay on as Chairman of the Board of Directors of OrderYOYO, while Jesper Johansen will continue as CEO of OrderYOYO. Upon completion, the remaining OrderYOYO shareholders will be redeemed through a compulsory acquisition process in accordance with sections 70 and 72 of the Danish Companies Act to be initiated by BidCo whereby all minority shareholders will be requested, by publication of a separate notice, to transfer all their remaining shares in OrderYOYO to BidCo within a four-week notice period. The compulsory acquisition process is expected to be initiated as soon as possible following the delisting. OrderYOYO expects to convene an extraordinary general meeting to be held with the purpose of electing new members of the Board of Directors as soon as possible after settlement of the trades relating to the Share Purchase Agreements.
The Board of Directors of OrderYOYO A/S have unanimously decided to recommend the transaction to its shareholders. Following settlement of the trades relating to the Share Purchase Agreements, BidCo will hold more than 90% of the shares and voting rights in OrderYOYO. Accordingly, OrderYOYO will request Nasdaq Copenhagen for delisting of the OrderYOYO shares on Nasdaq First North Growth Market Denmark following settlement of the Share Purchase Agreements. Subject to approval from Nasdaq Copenhagen, delisting will be initiated shortly after settlement of the trades relating to the Share Purchase Agreements and is expected to take place within 60 days.
Stifel, Nicolaus & Company, Incorporated acted as financial advisor to OrderYOYO A/S. Kristian Lykkeholm Klausen and Anne Zeuthen Lokkegaard of Accura Advokataktieselskab acted as legal advisor to OrderYOYO A/S. Perella Weinberg UK Limited acted as financial advisor to Pollen Street Capital Limited. Gorrissen Federspiel I/S acted as legal advisor to Pollen Street Capital Limited. Jesper Skaarup Vestergaard of Grant Thornton-Danmark Statsautoriseret Revisionsaktieselskab acted as accountant to OrderYOYO A/S. New Risk • Feb 15
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 Danish stocks, typically moving 9.6% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Jan 17
Price target increased by 9.1% to kr.12.00 Up from kr.11.00, the current price target is an average from 2 analysts. New target price is 30% above last closing price of kr.9.20. Stock is up 15% over the past year. The company is forecast to post a net loss per share of kr.0.17 next year compared to a net loss per share of kr.0.35 last year. Duyuru • Jan 17
OrderYOYO A/S Revises Earnings Guidance for the Full Year 2025 OrderYOYO A/S revised earnings guidance for the full year 2025. For the year, the company expects Net Revenue to be in the range of DKK 380 million to 390 million (original guidance of DKK 360 million to 370 million). Price Target Changed • Oct 18
Price target increased by 16% to kr.11.00 Up from kr.9.50, the current price target is provided by 1 analyst. New target price is 33% above last closing price of kr.8.25. Stock is up 9.4% over the past year. The company is forecast to post a net loss per share of kr.0.17 next year compared to a net loss per share of kr.0.35 last year. Duyuru • Oct 18
OrderYOYO A/S (CPSE:YOYO) acquired App4 Developments Limited for DKK 54 million. OrderYOYO A/S (CPSE:YOYO) acquired App4 Developments Limited for DKK 54 million on October 18, 2024. A cash consideration of DKK 54 million will be paid by OrderYOYO A/S. As part of consideration, DKK 54 million is paid towards common equity of App4 Developments Limited.
OrderYOYO A/S (CPSE:YOYO) completed the acquisition of App4 Developments Limited on October 18, 2024. New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings have declined by 31% 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 Risk Earnings have declined by 31% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). New Risk • Oct 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr.678.4m (US$99.9m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (kr.678.4m market cap, or US$99.9m). Major Estimate Revision • Aug 29
Consensus EPS estimates fall by 125% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -kr.0.08 to -kr.0.18 per share. Revenue forecast of kr.309.0m unchanged since last update. Software industry in Denmark expected to see average net income growth of 30% next year. Consensus price target of kr.10.00 unchanged from last update. Share price was steady at kr.8.10 over the past week. Reported Earnings • Aug 28
First half 2024 earnings released: kr.0.16 loss per share (vs kr.0.19 loss in 1H 2023) First half 2024 results: kr.0.16 loss per share (improved from kr.0.19 loss in 1H 2023). Revenue: kr.147.9m (up 28% from 1H 2023). Net loss: kr.14.3m (loss narrowed 15% from 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Duyuru • Aug 22
Orderyoyo A/S Maintains Earnings Guidance for the Full Year 2024 OrderYOYO A/S maintained earnings guidance for the full year 2024. For the year, the company expects net revenue to be DKK 290 million to DKK 300 million. Major Estimate Revision • Jul 19
Consensus EPS estimates upgraded to kr.0.08 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -kr.0.10 to -kr.0.08 per share. Revenue forecast steady at kr.309.0m. Software industry in Denmark expected to see average net income growth of 30% next year. Consensus price target up from kr.9.50 to kr.10.00. Share price rose 2.4% to kr.8.40 over the past week. Price Target Changed • Jul 18
Price target increased by 11% to kr.10.00 Up from kr.9.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of kr.8.50. Stock is up 34% over the past year. The company is forecast to post a net loss per share of kr.0.08 next year compared to a net loss per share of kr.0.35 last year. Duyuru • Apr 19
OrderYOYO A/S Raises Earnings Guidance for the Full Year 2024 OrderYOYO A/S raised earnings guidance for the full year 2024. for the year, the company expects net revenue raised to DKK 280 million-DKK 290 million from currently DKK 275 million- DKK 285 million. Breakeven Date Change • Apr 18
Forecast breakeven date moved forward to 2025 The analyst covering OrderYOYO previously expected the company to break even in 2026. New forecast suggests losses will reduce by 71% to 2024. The company is expected to make a profit of kr.4.00m in 2025. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Major Estimate Revision • Apr 14
Consensus estimates of losses per share improve by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from kr.287.0m to kr.305.0m. EPS estimate increased from -kr.0.19 per share to -kr.0.16 per share. Software industry in Denmark expected to see average net income growth of 30% next year. Consensus price target up from kr.8.50 to kr.9.00. Share price was steady at kr.7.20 over the past week. Price Target Changed • Apr 12
Price target increased by 13% to kr.9.00 Up from kr.8.00, the current price target is provided by 1 analyst. New target price is 26% above last closing price of kr.7.15. Stock is up 47% over the past year. The company is forecast to post a net loss per share of kr.0.16 next year compared to a net loss per share of kr.0.35 last year. Reported Earnings • Mar 20
Full year 2023 earnings released Full year 2023 results: Revenue: kr.253.0m (up 70% from FY 2022). Net loss: kr.31.2m (loss narrowed 35% from FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in Europe. New Risk • Mar 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (kr.629.5m market cap, or US$92.4m). New Risk • Feb 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr.685.2m (US$99.4m) This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (kr.685.2m market cap, or US$99.4m). New Risk • Dec 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr.676.2m (US$97.9m) This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (kr.676.2m market cap, or US$97.9m). New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Duyuru • Nov 25
OrderYOYO A/S Revises Earnings Guidance for the Year 2023 OrderYOYO A/S revised earnings guidance for the year 2023. Net revenue 2023 guidance is raised from DKK 230 million to DKK 240 DKK to DKK 240 million - DKK 245 million. Duyuru • Oct 20
OrderYOYO A/S Provides Earnings Guidance for the Fiscal Year 2024 OrderYOYO A/S provided earnings guidance for the fiscal year 2024. For the year, the company expects Net Revenue in the range of DKK 260 million - DKK 270 million. Duyuru • Oct 19
OrderYOYO A/S Revises Earnings Guidance for the Fiscal Year 2023 OrderYOYO A/S revised earnings guidance for the fiscal year 2023. For the year, the company expects net revenue in the range of DKK 230 million -DKK 240 million against previous guidance of DKK 220 million - DKK 235 million. New Risk • Oct 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr.705.2m (US$99.6m) This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (kr.705.2m market cap, or US$99.6m). Reported Earnings • Aug 23
First half 2023 earnings released: kr.0.23 loss per share (vs kr.0.37 loss in 1H 2022) First half 2023 results: kr.0.23 loss per share (improved from kr.0.37 loss in 1H 2022). Revenue: kr.115.6m (up 126% from 1H 2022). Net loss: kr.16.8m (loss narrowed 20% from 1H 2022). Duyuru • Aug 23
OrderYOYO A/S Revises Earnings Guidance for the Year 2023 OrderYOYO A/S revised earnings guidance for the year 2023. For the year 2023, the company expects net revenue at DKK 220 million to DKK 235 million and annual recurring revenue at DKK 250 million to DKK 260 million. Duyuru • Jan 28
OrderYOYO A/S Elects Victor Garcia as New Member to its Board of Directors and Chairperson OrderYOYO A/S at its extraordinary general meeting held on January 27, 2023, announced Victor Garcia was elected as new member to the board of directors. Following the extraordinary general meeting, the board of directors of company held a board meeting with the purpose of, among other things, electing a new chairperson among its members. At the board meeting, the board of directors unanimously decided to elect Victor Garcia as the new chairperson of the board of directors. The changes to the board of directors are expected to be registered with the Danish Business Authority January 27, 2023. Duyuru • Jan 13
OrderYOYO A/S Revises Earnings Guidance for the Year 2023 OrderYOYO A/S revised earnings guidance for the year 2023. For the year 2023, the company expects December 2023 annualized annual recurring revenue of DKK 220 million to DKK 235 million compared to previous guidance of DKK 215 million to DKK 230 million and net revenue of DKK 195 million to DKK 210 million compared to previous guidance of DKK 190 million to DKK 205 million. Duyuru • Jan 12
OrderYOYO A/S to Report Fiscal Year 2022 Final Results on Mar 20, 2023 OrderYOYO A/S announced that they will report fiscal year 2022 final results on Mar 20, 2023 Duyuru • Nov 21
OrderYOYO A/S Announces Board Changes OrderYOYO A/S announced that Chairman and member of the Board of the company, Preben Damgaard Nielsen, has informed the Board of Directors that he will step down as chairman and resign as board member of the company with immediate effect due to personal reasons. The board has initiated the search process for a new Chairman and Board Member of the company. Until a new chairman is in place Ulla Brockenhuus-Schack will function as Chairman of OrderYOYO. Ulla Brockenhuus-Schack is Managing Partner at SEED Capital, OrderYOYO's largest shareholder, and has been a board member of OrderYOYO since June 2016. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Theis Sondergaard was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 19
Orderyoyo A/S Provides Consolidated Earnings Guidance for the Year 2023 OrderYOYO A/S provided earnings consolidated guidance for the year 2023. For the period, the company expects December 2023 annualized ARR guidance of DKK 215 million- DKK 230 million corresponding to a growth of 15-16% compared to current raised 2022 guidance. Net revenue full-year 2023 guidance of DKK 190 million -DKK 205 million corresponding to a growth of 32-36% compared to current 2022 guidance. Adjusted for full-year effect of the app smart merger proforma net revenue 2023 growth guided at 7-8%. Duyuru • Oct 15
Orderyoyo Raises Revenue Guidance for Year 2022 OrderYOYO A/S raised revenue guidance for year 2022. For the period company ARR guidance is raised from DKK 180 million -DKK 195 million to DKK 185 million - DKK 200 million. Reported Earnings • Aug 23
First half 2022 earnings released: EPS: kr.0 (vs kr.0 in 1H 2021) First half 2022 results: EPS: kr.0 (vs kr.0 in 1H 2021). Revenue: kr.51.2m (down 4.5% from 1H 2021). Net loss: kr.20.9m (loss widened 210% from 1H 2021). Duyuru • Aug 22
OrderYOYO A/S Raises Revenue Guidance for the Year 2022 OrderYOYO A/S raised revenue guidance for the year 2022. Net Revenue 2022 guidance is raised from DKK 135 million -150 million to DKK 140 million -155 million. Duyuru • Jul 08
OrderYOYO A/S Approves the Election of Adrian Fröhling to the Board of Directors OrderYOYO A/S approved the election of Adrian Fröhling to the board of directors, at its EGM held on July 7, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Theis Sondergaard was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jan 07
OrderYOYO ApS Provides Revenue Guidance for the Full Year of 2022 OrderYOYO ApS provided revenue guidance for the full year of 2022. The company expects revenue of DKK 120 million - DKK 135 million.