Suspension of trading

Income Statement LINE AS

Stocks

7WI

DK0061550811

Financial Technology (Fintech)

Market Closed - Deutsche Boerse AG 11:08:21 18/01/2024 +04			5-day change	1st Jan Change
0.0692 ^EUR	-4.95%		-.--%	-

05-20	Co_Made Sthlm AB completed the acquisition of Linkfire A/S.	CI
12/06/25	Linkfire A/S Auditor Raises 'Going Concern' Doubt	CI

2491fae8c.6HYDDK3fN_y1JOEU6YCXlAUW1pHGOCEJBB-jM3ixhXA.mhtPSti-ftHMQYNboOjN_FNEudvxbk5bbVLsdk7WtwCkNU9Tx7V6nt0Jgg

Published financial data: LINE AS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (DKK)	2021 (DKK)	2022 (DKK)	2023 (DKK)	2024 (DKK)
Revenues	24.7M	33.7M	52.59M	50.08M	46.76M
Total Revenues	24.7M	33.7M	52.59M	50.08M	46.76M
Cost of Goods Sold, Total	6M	9.32M	13.03M	9.14M	8.92M
Gross Profit	18.7M	24.38M	39.56M	40.94M	37.83M
Selling General & Admin Expenses, Total	27.07M	54.89M	79.44M	49.52M	29.51M
Depreciation & Amortization - (IS)	5.82M	8.91M	14.52M	19.48M	20.78M
Other Operating Expenses, Total	32.9M	63.8M	93.96M	69M	50.3M
Operating Income	-14.19M	-39.43M	-54.4M	-28.05M	-12.46M
Interest Expense, Total	-3.5M	-4.43M	-1.69M	-6.95M	-10.3M
Net Interest Expenses	-3.5M	-4.43M	-1.69M	-6.95M	-10.3M
Currency Exchange Gains (Loss)	-293K	1.22M	415K	1M	970K
Other Non Operating Income (Expenses)	-	1.56M	0	-	0
EBT, Excl. Unusual Items	-17.99M	-41.08M	-55.67M	-34M	-21.8M
Asset Writedown	-	-	-19.89M	-	615K
EBT, Incl. Unusual Items	-17.99M	-41.08M	-75.56M	-34M	-21.18M
Income Tax Expense	-4.53M	-5.5M	-5.48M	15.58M	334K
Earnings From Continuing Operations	-13.46M	-35.58M	-70.09M	-49.57M	-21.52M
Net Income to Company	-13.46M	-35.58M	-70.09M	-49.57M	-21.52M
Net Income - (IS)	-13.46M	-35.58M	-70.09M	-49.57M	-21.52M
Net Income to Common Incl Extra Items	-13.46M	-35.58M	-70.09M	-49.57M	-21.52M
Net Income to Common Excl. Extra Items	-13.46M	-35.58M	-70.09M	-49.57M	-21.52M
Per Share Items
Net EPS - Basic	-1.28	-0.77	-0.96	-0.43	-0.19
Basic EPS - Continuing Operations	-1.28	-0.77	-0.96	-0.43	-0.19
Basic Weighted Average Shares Outstanding	10.53M	46.32M	73.1M	115M	115M
Net EPS - Diluted	-1.28	-0.77	-0.96	-0.43	-0.19
Diluted EPS - Continuing Operations	-1.28	-0.77	-0.96	-0.43	-0.19
Diluted Weighted Average Shares Outstanding	10.53M	46.32M	73.1M	115M	115M
Normalized Basic EPS	-1.07	-0.55	-0.48	-0.18	-0.12
Normalized Diluted EPS	-1.07	-0.55	-0.48	-0.18	-0.12
Supplemental Items
EBITDA	-14.15M	-39.29M	-53.75M	-27.86M	-12.4M
EBITA	-14.19M	-39.43M	-54.4M	-28.05M	-12.46M
EBIT	-14.19M	-39.43M	-54.4M	-28.05M	-12.46M
Effective Tax Rate - (Ratio)	25.17	13.39	7.25	-45.83	-1.58
Total Current Taxes	-4.53M	-5.5M	23K	50K	334K
Total Deferred Taxes	-	-	-5.5M	-	-
Normalized Net Income	-11.24M	-25.67M	-34.79M	-21.25M	-13.62M
Interest on Long-Term Debt	189K	181K	369K	790K	161K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	4.32M	6.5M	10.34M	15.57M	18.81M
Stock-Based Comp., SG&A Exp. (Total)	1.66M	562K	791K	943K	-
Stock-Based Comp., Other (Total)	-	1K	-	-	-
Total Stock-Based Compensation	1.66M	563K	791K	943K	-

Fiscal Period: December	2020 (DKK)	2021 (DKK)	2022 (DKK)	2023 (DKK)	2024 (DKK)
Assets
Cash And Equivalents	783K	45.95M	7.03M	4.67M	4.02M
Total Cash And Short Term Investments	783K	45.95M	7.03M	4.67M	4.02M
Accounts Receivable, Total	2.2M	6.24M	5.03M	4.59M	5.69M
Other Receivables	5.19M	6.04M	6.08M	697K	6.68M
Total Receivables	7.39M	12.28M	11.1M	5.28M	12.37M
Prepaid Expenses	292K	1.59M	2.2M	2.51M	88K
Other Current Assets, Total	-	-	-	844K	1.24M
Total Current Assets	8.46M	59.82M	20.33M	13.31M	17.72M
Gross Property Plant And Equipment	6.36M	14.73M	15.68M	3.39M	820K
Accumulated Depreciation	-2.96M	-5.38M	-10.24M	-881K	-815K
Net Property Plant And Equipment	3.39M	9.36M	5.44M	2.51M	5K
Other Intangibles, Total	51.5M	61.58M	74.37M	74.98M	67.65M
Other Long-Term Assets, Total	427K	9.45M	1.21M	690K	743K
Total Assets	63.79M	140M	101M	91.49M	86.12M
Liabilities
Accounts Payable, Total	2.89M	4.83M	9.48M	5.92M	6.28M
Current Portion of Long-Term Debt	4M	7.2M	2.25M	13.61M	23.38M
Current Portion of Leases	1.49M	3.84M	3.36M	844K	1.19M
Unearned Revenue Current, Total	5.7M	6.17M	9.93M	6.01M	7.34M
Other Current Liabilities	9.38M	4.59M	4.82M	8.32M	3.78M
Total Current Liabilities	23.45M	26.62M	29.84M	34.71M	41.98M
Long-Term Debt	33.62M	21.5M	24.21M	58.37M	60.78M
Long-Term Leases	1.81M	4.96M	2.34M	2.49M	-
Other Non Current Liabilities	-	-	1M	815K	-
Total Liabilities	58.88M	53.08M	57.39M	96.39M	103M
Common Stock, Total	108K	584K	1.15M	1.15M	1.15M
Retained Earnings	-73K	86.46M	41.99M	-8.53M	-17.73M
Comprehensive Income and Other	4.87M	78K	821K	2.47M	-66K
Total Common Equity	4.91M	87.13M	43.96M	-4.9M	-16.64M
Total Equity	4.91M	87.13M	43.96M	-4.9M	-16.64M
Total Liabilities And Equity	63.79M	140M	101M	91.49M	86.12M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.81M	58.34M	115M	115M	115M
ECS Total Common Shares Outstanding	10.81M	58.34M	115M	115M	115M
Book Value / Share	0.45	1.49	0.38	-0.04	-0.14
Tangible Book Value	-46.59M	25.55M	-30.41M	-79.88M	-84.29M
Tangible Book Value Per Share	-4.31	0.44	-0.26	-0.69	-0.73
Total Debt	40.91M	37.49M	32.16M	75.32M	85.35M
Net Debt	40.12M	-8.46M	25.13M	70.65M	81.33M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	199K	834K	1.1M	907K	820K
Full Time Employees	53	100	74	60	39
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	88K

Fiscal Period: December	2020 (DKK)	2021 (DKK)	2022 (DKK)	2023 (DKK)	2024 (DKK)
Net Income	-13.46M	-35.58M	-70.09M	-49.57M	-21.52M
Depreciation & Amortization - CF	1.51M	2.41M	4.18M	3.91M	1.98M
Depreciation & Amortization, Total	1.51M	2.41M	4.18M	3.91M	1.98M
Amortization of Deferred Charges, Total - (CF)	4.32M	6.5M	10.34M	15.57M	18.81M
(Gain) Loss From Sale Of Asset	-6K	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	19.89M	-	-615K
Stock-Based Compensation (CF)	1.66M	563K	791K	943K	-
Other Operating Activities, Total	43K	-1.78M	1.18M	20.74M	2.06M
Change In Accounts Receivable	2.56M	-5.22M	564K	10K	2.02M
Change In Accounts Payable	-449K	-2.38M	8.64M	-3.97M	-2.85M
Cash from Operations	-3.83M	-35.49M	-24.5M	-12.38M	-119K
Capital Expenditure	-173K	-634K	-263K	-	-
Sale (Purchase) of Intangible assets	-13.66M	-24.87M	-26.14M	-16.18M	-11.48M
Other Investing Activities, Total	-10K	-728K	-102K	516K	-
Cash from Investing	-13.84M	-26.23M	-26.51M	-15.66M	-11.48M
Long-Term Debt Issued, Total	12.06M	-	11.55M	49.15M	9.28M
Total Debt Issued	12.06M	-	11.55M	49.15M	9.28M
Long-Term Debt Repaid, Total	-3.34M	-11.34M	-18.6M	-23.09M	-2.21M
Total Debt Repaid	-3.34M	-11.34M	-18.6M	-23.09M	-2.21M
Issuance of Common Stock	6.48M	125M	22.5M	-	3.98M
Other Financing Activities, Total	-	-8.26M	-3.09M	-	-175K
Cash from Financing	15.2M	106M	12.36M	26.06M	10.88M
Foreign Exchange Rate Adjustments	-289K	994K	-271K	-382K	72K
Miscellaneous Cash Flow Adjustments	-1K	-	-1K	1K	-
Net Change in Cash	-2.76M	45.16M	-38.92M	-2.36M	-647K
Supplemental Items
Cash Interest Paid	3.4M	4.02M	-	787K	7.61M
Cash Income Tax Paid (Refund)	-4.18M	-4.53M	-5.5M	-	-
Levered Free Cash Flow	-14.75M	-52.01M	-36.94M	-14.13M	-12.83M
Unlevered Free Cash Flow	-12.56M	-49.24M	-35.88M	-9.78M	-6.39M
Change In Net Working Capital	-2.66M	8.57M	-9.21M	-3.5M	7.91M
Net Debt Issued / Repaid	8.72M	-11.34M	-7.05M	26.06M	7.07M

Fiscal Period: December	2020 (DKK)	2021 (DKK)	2022 (DKK)	2023 (DKK)	2024 (DKK)
Profitability
Return on Assets	-14.29	-24.16	-28.15	-18.18	-8.77
Return on Total Capital	-20	-28.92	-33.87	-23.93	-11.2
Return On Equity %	-180.26	-77.31	-106.93	-253.84	199.73
Return on Common Equity	-180.26	-77.31	-106.93	-253.84	199.73
Margin Analysis
Gross Profit Margin %	75.73	72.34	75.23	81.75	80.92
SG&A Margin	109.62	162.89	151.06	98.87	63.12
EBITDA Margin %	-57.28	-116.6	-102.2	-55.63	-26.52
EBITA Margin %	-57.46	-117	-103.44	-56.01	-26.66
EBIT Margin %	-57.46	-117	-103.44	-56.01	-26.66
Income From Continuing Operations Margin %	-54.5	-105.58	-133.27	-98.98	-46.02
Net Income Margin %	-54.5	-105.58	-133.27	-98.98	-46.02
Net Avail. For Common Margin %	-54.5	-105.58	-133.27	-98.98	-46.02
Normalized Net Income Margin	-45.52	-76.19	-66.16	-42.42	-29.14
Levered Free Cash Flow Margin	-59.72	-154.35	-70.24	-28.21	-27.45
Unlevered Free Cash Flow Margin	-50.86	-146.14	-68.23	-19.54	-13.67
Asset Turnover
Asset Turnover	0.4	0.33	0.44	0.52	0.53
Fixed Assets Turnover	6.34	5.29	7.11	19.5	37.18
Receivables Turnover (Average Receivables)	6.78	7.99	9.34	10.42	9.1
Short Term Liquidity
Current Ratio	0.36	2.25	0.68	0.38	0.42
Quick Ratio	0.35	2.19	0.61	0.29	0.39
Operating Cash Flow to Current Liabilities	-0.16	-1.33	-0.82	-0.36	-0
Days Sales Outstanding (Average Receivables)	54.02	45.67	39.09	35.03	40.24
Average Days Payable Outstanding	231.9	151.15	200.52	307.65	250.47
Long Term Solvency
Total Debt/Equity	833.33	43.03	73.15	-1.54K	-512.88
Total Debt / Total Capital	89.29	30.08	42.25	106.96	124.22
LT Debt/Equity	721.65	30.36	60.4	-1.24K	-365.25
Long-Term Debt / Total Capital	77.32	21.23	34.88	86.43	88.46
Total Liabilities / Total Assets	92.3	37.86	56.62	105.36	119.32
EBIT / Interest Expense	-4.05	-8.9	-32.21	-4.04	-1.21
EBITDA / Interest Expense	-3.62	-8.35	-29.73	-3.47	-1.02
(EBITDA - Capex) / Interest Expense	-3.67	-8.5	-29.89	-3.47	-1.02
Total Debt / EBITDA	-3.22	-1.01	-0.64	-3.12	-8.14
Net Debt / EBITDA	-3.16	0.23	-0.5	-2.93	-7.76
Total Debt / (EBITDA - Capex)	-3.18	-1	-0.64	-3.12	-8.14
Net Debt / (EBITDA - Capex)	-3.12	0.22	-0.5	-2.93	-7.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	43.37	36.43	56.07	-4.77	-6.65
Gross Profit, 1 Yr. Growth %	78.44	30.33	62.3	3.49	-7.6
EBITDA, 1 Yr. Growth %	9.11	177.72	36.79	-48.16	-55.5
EBITA, 1 Yr. Growth %	9.24	177.78	37.97	-48.43	-55.57
EBIT, 1 Yr. Growth %	9.24	177.78	37.97	-48.43	-55.57
Earnings From Cont. Operations, 1 Yr. Growth %	13.59	164.3	97	-29.27	-56.6
Net Income, 1 Yr. Growth %	13.59	164.3	97	-29.27	-56.6
Normalized Net Income, 1 Yr. Growth %	12.42	128.34	35.53	-38.94	-35.88
Diluted EPS Before Extra, 1 Yr. Growth %	8.28	-39.74	24.82	-55.04	-55.93
Accounts Receivable, 1 Yr. Growth %	-56.93	184.19	-19.43	-8.71	24.08
Net Property, Plant and Equip., 1 Yr. Growth %	-22.86	175.69	-41.88	-4.42	-99.8
Total Assets, 1 Yr. Growth %	5.59	119.8	-27.71	-9.73	-5.87
Tangible Book Value, 1 Yr. Growth %	44.99	-154.83	-219.04	162.68	5.52
Common Equity, 1 Yr. Growth %	-51.04	1.67K	-49.54	-111.15	239.42
Cash From Operations, 1 Yr. Growth %	67.59	826.07	-30.97	-49.46	-99.04
Capital Expenditures, 1 Yr. Growth %	1.34K	266.47	-58.52	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-	252.58	-28.98	-64.46	-9.16
Unlevered Free Cash Flow, 1 Yr. Growth %	-	291.99	-27.13	-74.71	-34.66
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	39.86	45.92	21.91	-5.71
Gross Profit, 2 Yr. CAGR %	-	52.5	45.44	29.6	-2.21
EBITDA, 2 Yr. CAGR %	-	74.07	94.91	-15.79	-51.97
EBITA, 2 Yr. CAGR %	-	74.2	95.77	-15.65	-52.13
EBIT, 2 Yr. CAGR %	-	74.2	95.77	-15.65	-52.13
Earnings From Cont. Operations, 2 Yr. CAGR %	-	73.27	128.18	18.04	-44.59
Net Income, 2 Yr. CAGR %	-	73.27	128.18	18.04	-44.59
Normalized Net Income, 2 Yr. CAGR %	-	60.22	75.92	-9.03	-37.43
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-19.23	-13.38	-25.08	-55.48
Accounts Receivable, 2 Yr. CAGR %	-	10.64	51.32	-14.24	6.43
Net Property, Plant and Equip., 2 Yr. CAGR %	-	45.83	26.58	-48.21	-95.64
Total Assets, 2 Yr. CAGR %	-	52.34	26.05	-19.22	-7.82
Tangible Book Value, 2 Yr. CAGR %	-	-10.84	-19.21	76.83	66.49
Common Equity, 2 Yr. CAGR %	-	194.79	199.26	-76.28	-38.47
Cash From Operations, 2 Yr. CAGR %	-	294	152.83	-40.94	-93.03
Capital Expenditures, 2 Yr. CAGR %	-	626.87	23.3	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	58.24	-47.88	-43.18
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	69.01	-55.42	-59.35
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	45.07	26.57	11.54
Gross Profit, 3 Yr. CAGR %	-	-	55.7	29.84	15.78
EBITDA, 3 Yr. CAGR %	-	-	60.63	25.35	-31.92
EBITA, 3 Yr. CAGR %	-	-	61.17	25.5	-31.88
EBIT, 3 Yr. CAGR %	-	-	61.17	25.5	-31.88
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	80.84	54.43	-15.43
Net Income, 3 Yr. CAGR %	-	-	80.84	54.43	-15.43
Normalized Net Income, 3 Yr. CAGR %	-	-	51.53	23.63	-19.04
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-6.69	-30.39	-37.23
Accounts Receivable, 3 Yr. CAGR %	-	-	-0.46	27.86	-3
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	7.32	-9.57	-91.89
Total Assets, 3 Yr. CAGR %	-	-	18.83	12.77	-14.99
Tangible Book Value, 3 Yr. CAGR %	-	-	-1.82	19.68	48.87
Common Equity, 3 Yr. CAGR %	-	-	63.68	-0.04	-42.41
Cash From Operations, 3 Yr. CAGR %	-	-	120.46	47.83	-85.03
Capital Expenditures, 3 Yr. CAGR %	-	-	179.85	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-1.43	-37.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-7.99	-49.37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	22.1
Gross Profit, 5 Yr. CAGR %	-	-	-	-	29.27
EBITDA, 5 Yr. CAGR %	-	-	-	-	-0.89
EBITA, 5 Yr. CAGR %	-	-	-	-	-0.83
EBIT, 5 Yr. CAGR %	-	-	-	-	-0.83
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	12.67
Net Income, 5 Yr. CAGR %	-	-	-	-	12.67
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	6.38
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-30.6
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	2.24
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-74.23
Total Assets, 5 Yr. CAGR %	-	-	-	-	7.35
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	21.27
Common Equity, 5 Yr. CAGR %	-	-	-	-	10.67
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	-44.63