Duyuru • Aug 01
Anoto Group AB (publ) Elects Erik Fällström as Member of Board of Directors, Effective 31 July 2026 Anoto Group AB (publ) at its Annual General Meeting held on 31 July 2026, elected Erik Fällström as member of the Board of Directors until the end of the next AGM. Canlı Haber • Jul 04
Anoto Group Proposes Name Change to INQ Group and 1 for 100 Reverse Split Anoto Group’s board plans to ask shareholders at the 31 July 2026 AGM to approve a corporate name change to INQ Group AB and a 1:100 reverse share split, alongside updated articles of association, a share capital reduction, new share issues and ratification of an amended secured convertible loan agreement.
The package of proposals would reshape Anoto Group’s capital structure and formal governance framework, aligning the legal setup with the INQ brand and providing tools for future share issuance linked to the convertible loan.
Anoto Group’s share trades at SEK0.12, with the stock up 149.5% year to date, so the reverse split would mainly affect how that value is divided across a smaller number of shares rather than the company’s overall market value at implementation.
Taken together, these measures concentrate the share base, refresh the brand and formalize financing arrangements, so your main focus is how dilution, convertibles and new capital terms might affect your stake over time. Duyuru • Jul 03
Anoto Group AB (publ), Annual General Meeting, Jul 31, 2026 Anoto Group AB (publ), Annual General Meeting, Jul 31, 2026, at 10:00 W. Europe Standard Time. Location: premises of setterwalls advokatbyra, sturegatan 10 in stockholm, stockholm Sweden Reported Earnings • Jun 01
First quarter 2026 earnings released: kr0.018 loss per share (vs kr0.04 loss in 1Q 2025) First quarter 2026 results: kr0.018 loss per share (improved from kr0.04 loss in 1Q 2025). Revenue: kr6.87m (up 6.2% from 1Q 2025). Net loss: kr19.3m (loss narrowed 48% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Duyuru • May 24
Anoto Group AB Launches Education Technology Platform Anoto Group AB (publ) announced the launch of a new education technology product and strategy. The Company is returning to EdTech, one of its foundational markets: digital assessment and classroom learning, addressing national exam authorities, school districts, universities and private educational institutions that need to combine the established benefits of pen-and-paper examinations with digital infrastructure for capture, archiving and grading. Anoto's launch product is the inq exam platform. Candidates write with ink on paper; exam authorities receive real-time visibility of every stroke, secure cloud-based archiving, and the option of AI-assisted grading. The platform supports deployments from a single classroom to a national examination authority, in either managed-cloud or self-hosted configurations, and is designed to extend over time into live classroom environments where teachers can observe student work as it develops. Duyuru • Mar 11
Anoto Group AB Announces Chief Executive Officer Changes Anoto Group AB announced that the Board of Directors has appointed Jonathan Faiman as Chief Executive Officer, effective immediately. Jonathan Faiman succeeds Mats Karlsson, who is stepping down from his role as Interim CEO and will support a smooth transition. Jonathan Faiman brings extensive experience in building and scaling technology-driven businesses, with a strong track record in product strategy, go-to-market execution, and organizational leadership. He has led the operating team behind the creation of Anoto’s “inq” brand and product portfolio, and brings deep knowledge of the company’s technology, customers, and strategic priorities. Reported Earnings • Mar 05
Full year 2025 earnings released: kr0.091 loss per share (vs kr0.17 loss in FY 2024) Full year 2025 results: kr0.091 loss per share. Revenue: kr22.4m (down 26% from FY 2024). Net loss: kr96.2m (loss widened 73% from FY 2024). New Risk • Mar 04
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 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.1% per year over the past 5 years. Market cap is less than US$10m (kr52.8m market cap, or US$5.76m). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Revenue is less than US$5m (kr24m revenue, or US$2.6m). Duyuru • Mar 04
Anoto Group AB (publ) announced that it expects to receive $1.49 million in funding Anoto Group AB (publ) enters into a secured convertible loan agreement for a private placement to issue secured convertible loan for the proceeds of $1,490,000 on March 3, 2026. The agreement allows the capacity for additional subscriptions, which may be accepted in subsequent closings over the coming two months, subject to the terms of the agreement. The convertible loan bears interest at eight (8) per cent per annum and matures on October 1, 2027, Conversion price is $0.01. Reported Earnings • Dec 02
Third quarter 2025 earnings released: kr0.024 loss per share (vs kr0.082 loss in 3Q 2024) Third quarter 2025 results: kr0.024 loss per share (improved from kr0.082 loss in 3Q 2024). Revenue: kr6.81m (up 33% from 3Q 2024). Net loss: kr26.0m (loss narrowed 4.8% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 21
Anoto Group AB (publ) announced that it expects to receive $0.4 million in funding from Achilles Capital AB Anoto Group AB announced it it has bridge loan agreement to issue in the amount of $ 400,000 on August 21, 2025. The transaction includes participation from Achilles Capital AB. The aim is for the Note to convert into a convertible loan if the Company secures at least $600,000 in new convertible financing by 14 September 2025. The agreement carries an annual interest rate of 8%, accruing from the date the proceeds are disbursed until the loan is either repaid or converted, whichever occurs first. Once the Company finalizes the additional financing, the Note is intended to convert into a new convertible loan on substantially the same terms as the Company’s existing convertible financing arrangements. Should the financing not be secured, principal and interest would become immediately due and payable. Duyuru • Jun 28
Anoto Group AB (Publ) Appoints Matthew Doerner as Director Anoto Group AB (publ) at its AGM held on June 27, 2025, approved election of Matthew Doerner as director. Reported Earnings • Jun 02
First quarter 2025 earnings released: kr0.04 loss per share (vs kr0.005 loss in 1Q 2024) First quarter 2025 results: kr0.04 loss per share (further deteriorated from kr0.005 loss in 1Q 2024). Revenue: kr6.47m (down 51% from 1Q 2024). Net loss: kr37.1m (loss widened kr35.6m from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Duyuru • May 29
Anoto Group AB (publ), Annual General Meeting, Jun 27, 2025 Anoto Group AB (publ), Annual General Meeting, Jun 27, 2025, at 10:00 W. Europe Standard Time. Location: premises of setterwalls advokatbyra, sturegatan 10, stockholm, Sweden Duyuru • May 01
Anoto Group AB (publ) announced that it expects to receive SEK 7.2375 million in funding Anoto Group AB (publ) announced that it has entered into a convertible loan agreement with two of its major shareholders to issue secured convertible loan for gross proceeds of SEK 7,237,500 on April 29, 2025. Each lender has the right to request conversion of all or part of the outstanding loan amount, including accrued interest, into newly issued ordinary shares of the company. The conversion price is of SEK 0.15 per share. The interest rate will be of 10% per annum. The loan will be repaid in twelve equal monthly installments beginning on October 22, 2025, with a final maturity date of October 22, 2026. Duyuru • Apr 02
Anoto Group AB (publ) to Report Fiscal Year 2024 Results on Apr 25, 2025 Anoto Group AB (publ) announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Mar 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 232% 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 (-kr52m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 2.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (232% increase in shares outstanding). Market cap is less than US$10m (kr48.9m market cap, or US$4.83m). Minor Risk Revenue is less than US$5m (kr30m revenue, or US$2.9m). Reported Earnings • Mar 06
Full year 2024 earnings released: kr0.17 loss per share (vs kr0.29 loss in FY 2023) Full year 2024 results: kr0.17 loss per share (improved from kr0.29 loss in FY 2023). Revenue: kr29.8m (down 31% from FY 2023). Net loss: kr58.2m (loss narrowed 31% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 01
Third quarter 2024 earnings released: kr0.082 loss per share (vs kr0.39 profit in 3Q 2023) Third quarter 2024 results: kr0.082 loss per share (down from kr0.39 profit in 3Q 2023). Revenue: kr5.11m (down 37% from 3Q 2023). Net loss: kr27.3m (down 122% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Duyuru • Nov 26
Anoto Group AB (Publ) Elects Adrian Weller as Member of the Board of Directors Anoto Group AB (publ) announced at the EGM held on November 26, 2024, approved to elect Adrian Weller as a member of the Board of Directors for the period until the end of the next Annual General Meeting. Duyuru • Oct 26
Anoto Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 49.77886 million. Anoto Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 49.77886 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 414,823,830
Price\Range: SEK 0.12
Transaction Features: Rights Offering Duyuru • Sep 12
Anoto Group AB (Publ) Appoints James Kennedy as Chief Marketing Officer Anoto Group AB (publ) announces that James Kennedy has been appointed Chief Marketing Officer of Anoto Group AB. James worked for Apple Inc. for 9 years in the US and Europe latterly as Director of Marketing Communications, Europe during which time he was involved in 27 product launches, and most recently as Marketing Director of Entain. James brings with him a culture of excellence in execution and a laser focus on fulfilling customers’ needs.
Dr Julia Arnold has been appointed Chief Operating Officer of Anoto Group AB. Julia has a PhD in Financial Economics from Imperial College, has worked at Goldman Sachs and GAM Investments and most recently was the COO of Kait. Julia will use data science to build and execute data led decision making at Anoto. Reported Earnings • Aug 26
Second quarter 2024 earnings released: kr0.051 loss per share (vs kr0.037 loss in 2Q 2023) Second quarter 2024 results: kr0.051 loss per share (further deteriorated from kr0.037 loss in 2Q 2023). Revenue: kr5.63m (down 37% from 2Q 2023). Net loss: kr16.9m (loss widened 74% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Board Change • Aug 01
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 Pedro Pinto is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jul 21
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Pedro Pinto is the most experienced director on the board, commencing their role in 2023. Independent Chairman of the Board Kevin Michael Adeson 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 board continuity. Lack of experienced directors. Duyuru • Jul 15
Anoto Group AB (Publ) Announces Board Elections Anoto Group AB (publ) announced that at the Annual General Meeting held on 15 July 2024, approved Alexander Fällström (previously deputy board member) and Gary Stolkin elected as new Board members. Board Change • Jul 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Director Pedro Pinto is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 27
Anoto Group AB (publ) Announces Board Changes Anoto Group AB (publ) announced that Erik Fällström has informed the Board of Directors of his decision to resign as board member of Anoto with immediate effect. The Board of Directors has resolved that deputy board member Alexander Fällström shall participate as board member in the Board of Directors for the period until the next Annual General Meeting to be held on 15 July 2024. Duyuru • Jun 14
Anoto Group AB (publ), Annual General Meeting, Jul 15, 2024 Anoto Group AB (publ), Annual General Meeting, Jul 15, 2024, at 10:00 W. Europe Standard Time. Location: at the premises of setterwalls advokatbyra, sturegatan 10, stockholm Sweden Reported Earnings • May 27
First quarter 2024 earnings released: kr0.005 loss per share (vs kr0.059 loss in 1Q 2023) First quarter 2024 results: kr0.005 loss per share (improved from kr0.059 loss in 1Q 2023). Net loss: kr1.56m (loss narrowed 89% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Duyuru • Apr 30
Anoto Group AB (publ) Announces CEO Changes Anoto Group AB (publ) announced that Mats Karlsson has been appointed as interim CEO of Anoto, thereby replacing the current CEO Joonhee Won, who will be able to focus on leading the work of Knowledge AI Inc., a former subsidiary and currently associated company of Anoto. Mats Karlsson is the Co-founder & Director of Acquisitions (Sweden) of byNordic Acquisition Corporation (publicly listed on Nasdaq NY), where he has over the past several years worked closely with members of the Anoto Board of Directors. Mats is a serial tech entrepreneur with more than 25 years management experience and a number of successful investments and exits. Among others he was co-owner and chief marketing officer in mobile technology software company Tactel that was sold to private equity fund FSN Capital III. Board Change • Apr 01
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. Director Pedro Pinto is the most experienced director on the board, commencing their role in 2023. 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 • Mar 09
Anoto Group AB (Publ) Approves Board Elections Anoto Group AB (publ) at its AGM held on 8 March 2024 approved election of Kevin Adeson, Pedro Pinto, Dennis Song and Erik Fällström as ordinary Board members and Alexander Fällström as deputy board member and Kevin Adeson will also be elected as chairman of the Board of Directors. Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: kr0.24 (vs kr0.11 loss in FY 2022) Full year 2023 results: EPS: kr0.24 (up from kr0.11 loss in FY 2022). Net income: kr70.1m (up kr94.9m from FY 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Duyuru • Feb 29
Anoto Group AB (publ) Announces Changes in the Board Anoto Group AB (publ) announced that Hans Haywood (former CEO of Anoto) and Pedro Pintbo has requested their own resignation from the board of Anoto with immediate effect. Anoto board will still consist of Dennis Song as the chairman of the board and Injoon Chung, and is therefore not quorum until the EGM scheduled to be held on March 8, 2024 elects new board members. Duyuru • Jan 27
Anoto Group AB (Publ) Announces CEO Changes Anoto Group AB’s\ Board of Directors has at board meeting appointed Joonhee Won as new interim CEO of the Company. The Board of Directors would also like to thank Hans Haywood for his services during his time as interim CEO. Duyuru • Jan 13
Anoto Group AB (publ) to Report Q2, 2024 Results on Aug 22, 2024 Anoto Group AB (publ) announced that they will report Q2, 2024 results on Aug 22, 2024 Duyuru • Dec 13
Anoto Group AB (publ) Announces Board Appointments Anoto Group AB (publ) announced that at the EGM to be held on 11 December 2023, the company approved the appointment Dennis Song as the Chairman of the Board of Directors. The EGM decided that the Board of Directors for the period until the end of the next AGM shall consist of Dennis Song, Injoon Jeong, Pedro Pinto and Hans Haywood. Duyuru • Dec 12
Anoto Group AB (publ) Announces CEO Changes Anoto Group AB (publ) announced that at the EGM to be held on 11 December 2023, the company approved the appointment Hans Haywood as interim CEO of the Company following Joonhee Won’s earlier announcement that he would step down as CEO in connection with the EGM held 11 December 2023. However, Joonhee Won continues as CEO of Knowledge AI. Reported Earnings • Dec 03
Third quarter 2023 earnings released: EPS: kr0.39 (vs kr0.012 loss in 3Q 2022) Third quarter 2023 results: EPS: kr0.39 (up from kr0.012 loss in 3Q 2022). Net income: kr122.0m (up kr124.7m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Duyuru • Nov 17
Anoto Group AB (Publ) Announces Resignation of Joonhee Won as CEO , Effective 11 December 2023 Anoto Group AB (publ)) announced on 9 October 2023 that the Company's CEO Joonhee Won is resigning and that his last as CEO of Anoto is 15 November 2023. Since the extraordinary general meeting on 15 November 2023, when a new Board of Directors would be elected, has been postponed until 11 December 2023, the Board has agreed with Joonhee Won that he will continue in his current role as CEO until the extraordinary general meeting on 11 December 2023. New Risk • Nov 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr91.9m (US$8.41m) 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 (-kr16m free cash flow). Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Market cap is less than US$10m (kr91.9m market cap, or US$8.41m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (kr54m revenue, or US$5.0m). Duyuru • Nov 03
Anoto Terminates Hans Heywood’s Assignment as Interim CFO Anoto Group AB announced that the Company has chosen to terminate Hans Haywood´s assignment as interim CFO for Anoto. The assignment ends immediately. Anoto is reviewing alternatives for the CFO role and is until further notice working organizationally to ensure competence and resources. Duyuru • Nov 02
Anoto Group AB (Publ) Announces Resignation of Dennis Song from the Board Anoto Group AB (publ) announced that Dennis Song has requested his own resignation from the board of Anoto with immediate effect. With the departure of Dennis Song, Anoto's board consists of Anders Sjögren and Joonhee Won, and is therefore not quorum until the general meeting elects new members. The Company has called an extraordinary general meeting on 15 November 2023 to elect new board members. Duyuru • Nov 01
Anoto Group AB (Publ) Appoints Anders Sjögren as New Chairman of the Board of the Company Anoto Group AB (publ) announced that the board of Anoto has appointed Anders Sjögren as the new chairman. Dennis Song, who was appointed as chairman on 10 October 2023, will remain as a board member of the Company. Duyuru • Oct 15
Anoto Group AB (Publ) Appoints Hans Haywood as Interim CFO Anoto Group AB (publ) announces the appointment of Hans Haywood as the interim CFO for the Company. Mr. Haywood is a non-executive director at Nasdaq-listed SRM Entertainment, and he holds similar leadership positions in various private firms. He is the founder and principal of HKA Capital Advisors which provides management and corporate consulting services. Prior to this, Mr. Haywood was co-CIO of a Swiss based family office/private equity fund where he made active investments in the technology and resource sectors, previously he was a Partner and Senior Portfolio of a multi-strategy hedge-fund. Earlier in his career Mr. Haywood was a Managing Director at Credit Suisse in the fixed-income trading division. Mr. Haywood holds a Master of Chemical Engineering from Imperial College, University of London. Duyuru • Oct 11
Anoto Group AB Announces Changes in Chair of the Board Anoto Group AB announces that Jörgen Durban, Chair of the Board of Directors of Anoto, has informed the Board of his decision to resign as Board member and Chairman of Anoto with immediate effect. The Board of Directors has appointed Dennis Song as the new Chair of the Board. Duyuru • Oct 10
Joonhee Won to Step Down from His Role as CEO of Anoto Group AB (publ) Anoto Group AB (publ)’s CEO, Joonhee Won, will step down from his role CEO of the Company and concentrate on managing Knowledge AI (“KAIT”), a previous subsidiary of Anoto and currently an associated company to Anoto. The Board of Directors of Anoto will form a nomination committee to replace Joonhee Won, who has served as the CEO of the Company since 2016. Joonhee Won left Anoto to focus on KAIT in 2021 but returned to Anoto CEO position in December the same year. Joonhee Won has agreed to remain as CEO until 15 November 2023 to allow for the Board of Directors to find a new CEO. Reported Earnings • Sep 03
Second quarter 2023 earnings released: kr0.023 loss per share (vs kr0.005 loss in 2Q 2022) Second quarter 2023 results: kr0.023 loss per share (further deteriorated from kr0.005 loss in 2Q 2022). Revenue: kr8.87m (down 52% from 2Q 2022). Net loss: kr5.82m (loss widened 384% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. New Risk • Jul 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% 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 (-kr14m free cash flow). Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr153.6m market cap, or US$14.8m). Duyuru • Jul 22
Anoto Group AB (publ) to Report Q2, 2023 Results on Aug 31, 2023 Anoto Group AB (publ) announced that they will report Q2, 2023 results on Aug 31, 2023 Duyuru • Jul 01
Anoto Group AB (Publ) Approves Appointment of Joonhee Won as Board Member Anoto Group AB (publ) at its meeting held on June 30, 2023 approved appointment of Joonhee Won as Board member. New Risk • Jun 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% 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 (-kr15m free cash flow). Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr135.4m market cap, or US$12.6m). Reported Earnings • May 31
First quarter 2023 earnings released: kr0.059 loss per share (vs kr0.001 loss in 1Q 2022) First quarter 2023 results: kr0.059 loss per share (further deteriorated from kr0.001 loss in 1Q 2022). Revenue: kr13.3m (down 28% from 1Q 2022). Net loss: kr13.6m (loss widened kr13.4m from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Duyuru • May 30
An unknown buyer acquired stake in Knowledge AI Inc. from Anoto Group AB (publ). An unknown buyer acquired stake in Knowledge AI Inc. from Anoto Group AB (publ) on May 29, 2023. Anoto Group announces that it has sold 1 million shares of common stock of its education subsidiary Knowledge AI . The transaction was done at $12 million on a fully diluted basis. After the sale, Anoto will still own 4.3 million shares of Knowledge AI, 47.8% on outstanding number of shares. The 1 million shares were sold to an investment company based in the United Kingdom. Anoto Group AB done with the offering and the sale of KAIT shares, Anoto will raise a total of $6.7 million which will enable them to expand and grow. The sale of KAIT shares was intended to reduce dilution for Anoto shareholders and to achieve independent company status for KAIT for it to be self-sufficient and eliminate dependency on Anoto while maintaining a meaningful stake for Anoto in KAIT.
An unknown buyer completed the acquisition of stake in Knowledge AI Inc. from Anoto Group AB (publ) on May 29, 2023. Reported Earnings • Dec 03
Third quarter 2022 earnings released: kr0.012 loss per share (vs kr0.062 loss in 3Q 2021) Third quarter 2022 results: kr0.012 loss per share (improved from kr0.062 loss in 3Q 2021). Revenue: kr23.8m (up 1.1% from 3Q 2021). Net loss: kr2.70m (loss narrowed 80% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Duyuru • Sep 13
Anoto Group AB (publ) to Report Fiscal Year 2022 Results on Feb 28, 2023 Anoto Group AB (publ) announced that they will report fiscal year 2022 results on Feb 28, 2023 Board Change • Aug 01
High number of new directors Director Hy Kim Kim was the last director to join the board, commencing their role in 2022. Reported Earnings • Jul 19
Second quarter 2022 earnings released: kr0.005 loss per share (vs kr0.087 loss in 2Q 2021) Second quarter 2022 results: kr0.005 loss per share (up from kr0.087 loss in 2Q 2021). Revenue: kr18.6m (up 65% from 2Q 2021). Net loss: kr1.20m (loss narrowed 94% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • May 21
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr0.01 loss per share (down from kr0.025 profit in 1Q 2021). Revenue: kr18.5m (up 13% from 1Q 2021). Net loss: kr2.18m (down 145% from profit in 1Q 2021). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 53%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Anders Sjögren is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 23
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Anders Sjögren is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 02
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: kr0.062 loss per share (up from kr0.29 loss in 3Q 2020). Revenue: kr23.6m (up 57% from 3Q 2020). Net loss: kr13.3m (loss narrowed 73% from 3Q 2020). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 53%. Earnings per share (EPS) surpassed analyst estimates by 53%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 25
Second quarter 2021 earnings released: kr0.087 loss per share (vs kr0.26 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: kr11.3m (down 25% from 2Q 2020). Net loss: kr18.8m (loss narrowed 57% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 30
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr16.4m (down 22% from 1Q 2020). Net income: kr4.88m (up 87% from 1Q 2020). Profit margin: 30% (up from 12% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 02
Full year 2020 earnings released: kr0.82 loss per share (vs kr0.25 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: kr70.6m (down 37% from FY 2019). Net loss: kr137.1m (loss widened 327% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 05
Third quarter 2020 earnings released: kr0.29 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: kr15.0m (down 44% from 3Q 2019). Net loss: kr49.4m (loss widened kr41.6m from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 25
New 90-day low: kr0.89 The company is down 28% from its price of kr1.23 on 27 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 13% over the same period.