Q3-osavuosiraportti
12 päivää sitten‧43 min
Tarjoustasot
Oslo Børs
Määrä
Osto
140
Myynti
Määrä
6 768
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 484 | - | - | ||
| 575 | - | - | ||
| 1 059 | - | - | ||
| 218 | - | - |
Ylin
27,5VWAP
Alin
25,7VaihtoMäärä
3,8 143 154
VWAP
Ylin
27,5Alin
25,7VaihtoMäärä
3,8 143 154
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
Sijoittajakalenteri ei ole saatavilla | |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3-osavuosiraportti | 5.11. | |
| 2025 Q2-osavuosiraportti | 26.8. | |
| 2025 Q1-osavuosiraportti | 26.5. | |
| 2024 Yhtiökokous | 24.4. | |
| 2024 Q4-osavuosiraportti | 26.2. |
Datan lähde: Millistream, Quartr
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·14 t sittenI looked at Napatech's third-quarter report again, and still think it was a positive report. They maintain their guidance for this year regarding revenue, at 150-190 mdkk. In the first three quarters, they have generated revenue of approx. 95.5 mill dkk. If they are to reach their guidance, they must generate revenue of min. 54.5 mdkk, and max 94.5 mill dkk in the fourth quarter. If one looks at the fourth quarter last year, they generated revenue of 37.7 mill dkk there, so they must now have an increase of minimum 16.8 mdkk, and maximum 56.8 mdkk. So, if they are to achieve the guidance they have now maintained, we are looking at a top-line increase for Q4 of minimum 44.5%, and maximum 150%! I think that looks very promising! This quarter they reached break-even on cash flow, so in Q4 they are set to achieve a positive cash flow, all else being equal. With a negative ebitda of just over six mill dkk, they are also set to become ebitda positive for Q4 in isolation, again all else being equal. There is no doubt that the next result will be very exciting if this holds up until then.
·2 päivää sittenCan this news from D-Matrix be positive for Napatech going forward then? I assume they will use the money to build out data centers, or am I completely off track? "d-Matrix Raises $275 Million to Power the Age of AI Inference." retrieved from their own website.
·2 päivää sittenThat's right, d-Matrix has recently raised US$ 275 million in a Series C round. This values the company at around US$ 2 billion. (Ref. datacenterdynamics.com) The money will be used to “advance its roadmap, accelerate global expansion and support multiple large-scale deployments of the world’s highest performing […] inference platform for hyperscale, enterprise, and sovereign customers.” Based on this information, the money will be used for product development, global rollout, and large deployments – not necessarily to own and build data centers themselves.- ·8.11. · MuokattuNo one can deny that one is in a bullish trend long-term. Technically, it met strong resistance from a previous distribution phase. It lies between a range 22-34, with a possible pivot where it is now. This must in any case be said to be volatile. Why 22? -Because the actual numbers show it. The bigger players can hide behind many ways of manipulating, but they cannot hide behind volume and enthusiasm. The previous emission was 20, and I am sure if these bigger players in the game who are long-term and believe in what they are invested in, they will start protecting their positions and in any case get to buy at a discount price.
- ·7.11.The fall was greater than I could have imagined after such a report they delivered. -EBITDA is still negative, but significantly improved in Q3 vs the same quarter last year: from -DKK 17.6 m → -DKK 6.1 m. This means the company is heading towards break-even. -Cash flow from operations for Q3 was near zero, which is a great improvement from significantly negative in the same period last year. This is positive with regard to liquidity and financial flexibility. -Liquidity was good at the end of Q3, which gives Napatech confidence to continue investments and operations while building volume. -Q3 continued revenue growth and also had a solid sequential increase (~31 %). But 40 was somewhat low in my opinion, but they also mention that Q3 usually tends to be weak compared to other quarters. The market is never «wrong», but the company is on the right track more than anything else and is focused on design-wins for high volume. -A design win means that the agreement is not just “on paper” — Napatech and d-Matrix already have commitments regarding deliveries and development costs. -Committed unit purchases in 2025 and early 2026. -A five-year minimum continuity commitment for delivery. -That ramping into production starts in 2026, with the potential to reach high volume. This suggests that Napatech is not just a supplier — they are a partner in a long-term road map with d-Matrix. Some sell, and some buy. I know what I'm doing when the shares became cheaper.
·7.11.I took the liberty of letting Grok analyze your post @Hatchback 👇🔥😉 The market can be unfair to good reports, especially in a volatile tech environment like AI and networking. I have gone through their Q3 report (published November 5, 2025), the stock performance, and the details regarding the design-win with d-Matrix, to verify the forum analysis you shared. In short: Yes, he is largely correct. It is fact-based and balanced, with some minor rounding, but no major errors. Let me break it down point by point, based on official figures, and add some context. Financial highlights from the Q3 report • EBITDA improvement: Absolutely spot on. EBITDA was -DKK 6,1 million in Q3 2025, a significant improvement from -DKK 17,6 million in Q3 2024 (improvement of DKK 11,5 million). This shows that they are approaching break-even on profitability, driven by cost reductions and higher margins (gross margin of 70,5 %, up from Q2).  It is a clear sign that they are “on their way to break-even”, as the analysis states. • Cash flow from operations: Also correct – it was break-even (near zero) in the quarter, an improvement of DKK 22,5 million from the negative flow in Q3 2024. YTD (Jan-Sep) it is still negative (DKK -44,3 million), but the trend is positive and provides better financial flexibility.  This is especially important for a growth company like Napatech, which invests heavily in R&D. • Liquidity: Good point here – net working capital at the end of Q3 was DKK 91,2 million, which gives them a solid buffer to continue investments without immediate pressure.  They also have cash reserves that support operations into 2026, while waiting for ramp-up from design-wins. • Revenue and growth: Revenue was DKK 40,1 million in Q3 (USD 6,3 million), up 18 % YoY in DKK and 25 % in USD – solid growth, but yes, Q3 is traditionally seasonally weak (as they themselves mention in the report, with lower volume before autumn/winter ramp). Sequentially from Q2 (DKK 31,6 million) there is an increase of approx. 27 % (not exactly 31 %, but close enough – perhaps based on USD figures or adjustments).   YTD growth in USD is 26 %, so they are building momentum. The stock reaction and the market's “mistake” You are right that the drop has been greater than expected after such a report – the stock closed at DKK 33,70 on November 4, but fell to DKK 29,30 on November 5 (report day, -13 %), further to DKK 28,05 on November 6 (-4 %) and DKK 26,60 on November 7 (-5 %). Total approx. -21 % in three days, with high volume (over 900k shares on November 5). The market often prices in expectations of faster profitability or larger AI ramps, and Napatech is still EBITDA-negative overall (ttm -DKK 117 million), so that can explain the sales from short-term investors. But as you say: The market is never “wrong” in the short term, but long-term it looks like the company is on the right track with a focus on high volume in AI infrastructure. Design-win with d-Matrix – not just talk This is perhaps the strongest point in the analysis, and it holds true: • Not just on paper: The contract is signed with concrete commitments, including committed units (unit purchases) in 2025 and early 2026, plus NRE fees (development costs that Napatech has already received parts of).  • 5-year minimum: Yes, it is a 5-year supply agreement with minimum continuity commitment for deliveries, which ensures long-term partnership.   • Ramping and volume: Initial revenue over USD 1,2 million in 2025, with ramp-start in 2026 and potential for over USD 15 million annually at peak (high volume in AI-inferencing for hyperscalers). Napatech is integrated into d-Matrix’ Corsair platform with their N3070X AI NIC, and development is on schedule with milestones reached. This positions Napatech as a true partner, not just a supplier, in the AI boom – and several analysts are expanding projections based on this.·7.11."Design-win with d-Matrix – Not just talk" This is perhaps the strongest point in the analysis, and it holds true" Chad99, thank you for highlighting my point, and the same for backup, and not least Grok;) I am not here to hype, I will never advise anyone to either buy or sell. I want to share facts as I see them, however I am bullish on this matter and somewhat biased. Some want to look for something negative, but I see the trend of what they are doing, and who they are: this is a company that has won many awards for its innovative performance. I believe not only in Napatech, but d-Matrix, their supporters, their hype and what can happen when this is fully out on the market. Unfortunately, this is a privately owned company, so I cannot invest in them, would definitely have done so if they were.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Q3-osavuosiraportti
12 päivää sitten‧43 min
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·14 t sittenI looked at Napatech's third-quarter report again, and still think it was a positive report. They maintain their guidance for this year regarding revenue, at 150-190 mdkk. In the first three quarters, they have generated revenue of approx. 95.5 mill dkk. If they are to reach their guidance, they must generate revenue of min. 54.5 mdkk, and max 94.5 mill dkk in the fourth quarter. If one looks at the fourth quarter last year, they generated revenue of 37.7 mill dkk there, so they must now have an increase of minimum 16.8 mdkk, and maximum 56.8 mdkk. So, if they are to achieve the guidance they have now maintained, we are looking at a top-line increase for Q4 of minimum 44.5%, and maximum 150%! I think that looks very promising! This quarter they reached break-even on cash flow, so in Q4 they are set to achieve a positive cash flow, all else being equal. With a negative ebitda of just over six mill dkk, they are also set to become ebitda positive for Q4 in isolation, again all else being equal. There is no doubt that the next result will be very exciting if this holds up until then.
- ·2 päivää sittenCan this news from D-Matrix be positive for Napatech going forward then? I assume they will use the money to build out data centers, or am I completely off track? "d-Matrix Raises $275 Million to Power the Age of AI Inference." retrieved from their own website.·2 päivää sittenThat's right, d-Matrix has recently raised US$ 275 million in a Series C round. This values the company at around US$ 2 billion. (Ref. datacenterdynamics.com) The money will be used to “advance its roadmap, accelerate global expansion and support multiple large-scale deployments of the world’s highest performing […] inference platform for hyperscale, enterprise, and sovereign customers.” Based on this information, the money will be used for product development, global rollout, and large deployments – not necessarily to own and build data centers themselves.
- ·8.11. · MuokattuNo one can deny that one is in a bullish trend long-term. Technically, it met strong resistance from a previous distribution phase. It lies between a range 22-34, with a possible pivot where it is now. This must in any case be said to be volatile. Why 22? -Because the actual numbers show it. The bigger players can hide behind many ways of manipulating, but they cannot hide behind volume and enthusiasm. The previous emission was 20, and I am sure if these bigger players in the game who are long-term and believe in what they are invested in, they will start protecting their positions and in any case get to buy at a discount price.
- ·7.11.The fall was greater than I could have imagined after such a report they delivered. -EBITDA is still negative, but significantly improved in Q3 vs the same quarter last year: from -DKK 17.6 m → -DKK 6.1 m. This means the company is heading towards break-even. -Cash flow from operations for Q3 was near zero, which is a great improvement from significantly negative in the same period last year. This is positive with regard to liquidity and financial flexibility. -Liquidity was good at the end of Q3, which gives Napatech confidence to continue investments and operations while building volume. -Q3 continued revenue growth and also had a solid sequential increase (~31 %). But 40 was somewhat low in my opinion, but they also mention that Q3 usually tends to be weak compared to other quarters. The market is never «wrong», but the company is on the right track more than anything else and is focused on design-wins for high volume. -A design win means that the agreement is not just “on paper” — Napatech and d-Matrix already have commitments regarding deliveries and development costs. -Committed unit purchases in 2025 and early 2026. -A five-year minimum continuity commitment for delivery. -That ramping into production starts in 2026, with the potential to reach high volume. This suggests that Napatech is not just a supplier — they are a partner in a long-term road map with d-Matrix. Some sell, and some buy. I know what I'm doing when the shares became cheaper.·7.11.I took the liberty of letting Grok analyze your post @Hatchback 👇🔥😉 The market can be unfair to good reports, especially in a volatile tech environment like AI and networking. I have gone through their Q3 report (published November 5, 2025), the stock performance, and the details regarding the design-win with d-Matrix, to verify the forum analysis you shared. In short: Yes, he is largely correct. It is fact-based and balanced, with some minor rounding, but no major errors. Let me break it down point by point, based on official figures, and add some context. Financial highlights from the Q3 report • EBITDA improvement: Absolutely spot on. EBITDA was -DKK 6,1 million in Q3 2025, a significant improvement from -DKK 17,6 million in Q3 2024 (improvement of DKK 11,5 million). This shows that they are approaching break-even on profitability, driven by cost reductions and higher margins (gross margin of 70,5 %, up from Q2).  It is a clear sign that they are “on their way to break-even”, as the analysis states. • Cash flow from operations: Also correct – it was break-even (near zero) in the quarter, an improvement of DKK 22,5 million from the negative flow in Q3 2024. YTD (Jan-Sep) it is still negative (DKK -44,3 million), but the trend is positive and provides better financial flexibility.  This is especially important for a growth company like Napatech, which invests heavily in R&D. • Liquidity: Good point here – net working capital at the end of Q3 was DKK 91,2 million, which gives them a solid buffer to continue investments without immediate pressure.  They also have cash reserves that support operations into 2026, while waiting for ramp-up from design-wins. • Revenue and growth: Revenue was DKK 40,1 million in Q3 (USD 6,3 million), up 18 % YoY in DKK and 25 % in USD – solid growth, but yes, Q3 is traditionally seasonally weak (as they themselves mention in the report, with lower volume before autumn/winter ramp). Sequentially from Q2 (DKK 31,6 million) there is an increase of approx. 27 % (not exactly 31 %, but close enough – perhaps based on USD figures or adjustments).   YTD growth in USD is 26 %, so they are building momentum. The stock reaction and the market's “mistake” You are right that the drop has been greater than expected after such a report – the stock closed at DKK 33,70 on November 4, but fell to DKK 29,30 on November 5 (report day, -13 %), further to DKK 28,05 on November 6 (-4 %) and DKK 26,60 on November 7 (-5 %). Total approx. -21 % in three days, with high volume (over 900k shares on November 5). The market often prices in expectations of faster profitability or larger AI ramps, and Napatech is still EBITDA-negative overall (ttm -DKK 117 million), so that can explain the sales from short-term investors. But as you say: The market is never “wrong” in the short term, but long-term it looks like the company is on the right track with a focus on high volume in AI infrastructure. Design-win with d-Matrix – not just talk This is perhaps the strongest point in the analysis, and it holds true: • Not just on paper: The contract is signed with concrete commitments, including committed units (unit purchases) in 2025 and early 2026, plus NRE fees (development costs that Napatech has already received parts of).  • 5-year minimum: Yes, it is a 5-year supply agreement with minimum continuity commitment for deliveries, which ensures long-term partnership.   • Ramping and volume: Initial revenue over USD 1,2 million in 2025, with ramp-start in 2026 and potential for over USD 15 million annually at peak (high volume in AI-inferencing for hyperscalers). Napatech is integrated into d-Matrix’ Corsair platform with their N3070X AI NIC, and development is on schedule with milestones reached. This positions Napatech as a true partner, not just a supplier, in the AI boom – and several analysts are expanding projections based on this.·7.11."Design-win with d-Matrix – Not just talk" This is perhaps the strongest point in the analysis, and it holds true" Chad99, thank you for highlighting my point, and the same for backup, and not least Grok;) I am not here to hype, I will never advise anyone to either buy or sell. I want to share facts as I see them, however I am bullish on this matter and somewhat biased. Some want to look for something negative, but I see the trend of what they are doing, and who they are: this is a company that has won many awards for its innovative performance. I believe not only in Napatech, but d-Matrix, their supporters, their hype and what can happen when this is fully out on the market. Unfortunately, this is a privately owned company, so I cannot invest in them, would definitely have done so if they were.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Oslo Børs
Määrä
Osto
140
Myynti
Määrä
6 768
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 484 | - | - | ||
| 575 | - | - | ||
| 1 059 | - | - | ||
| 218 | - | - |
Ylin
27,5VWAP
Alin
25,7VaihtoMäärä
3,8 143 154
VWAP
Ylin
27,5Alin
25,7VaihtoMäärä
3,8 143 154
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
Sijoittajakalenteri ei ole saatavilla | |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3-osavuosiraportti | 5.11. | |
| 2025 Q2-osavuosiraportti | 26.8. | |
| 2025 Q1-osavuosiraportti | 26.5. | |
| 2024 Yhtiökokous | 24.4. | |
| 2024 Q4-osavuosiraportti | 26.2. |
Datan lähde: Millistream, Quartr
Q3-osavuosiraportti
12 päivää sitten‧43 min
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
Sijoittajakalenteri ei ole saatavilla | |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3-osavuosiraportti | 5.11. | |
| 2025 Q2-osavuosiraportti | 26.8. | |
| 2025 Q1-osavuosiraportti | 26.5. | |
| 2024 Yhtiökokous | 24.4. | |
| 2024 Q4-osavuosiraportti | 26.2. |
Datan lähde: Millistream, Quartr
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·14 t sittenI looked at Napatech's third-quarter report again, and still think it was a positive report. They maintain their guidance for this year regarding revenue, at 150-190 mdkk. In the first three quarters, they have generated revenue of approx. 95.5 mill dkk. If they are to reach their guidance, they must generate revenue of min. 54.5 mdkk, and max 94.5 mill dkk in the fourth quarter. If one looks at the fourth quarter last year, they generated revenue of 37.7 mill dkk there, so they must now have an increase of minimum 16.8 mdkk, and maximum 56.8 mdkk. So, if they are to achieve the guidance they have now maintained, we are looking at a top-line increase for Q4 of minimum 44.5%, and maximum 150%! I think that looks very promising! This quarter they reached break-even on cash flow, so in Q4 they are set to achieve a positive cash flow, all else being equal. With a negative ebitda of just over six mill dkk, they are also set to become ebitda positive for Q4 in isolation, again all else being equal. There is no doubt that the next result will be very exciting if this holds up until then.
- ·2 päivää sittenCan this news from D-Matrix be positive for Napatech going forward then? I assume they will use the money to build out data centers, or am I completely off track? "d-Matrix Raises $275 Million to Power the Age of AI Inference." retrieved from their own website.·2 päivää sittenThat's right, d-Matrix has recently raised US$ 275 million in a Series C round. This values the company at around US$ 2 billion. (Ref. datacenterdynamics.com) The money will be used to “advance its roadmap, accelerate global expansion and support multiple large-scale deployments of the world’s highest performing […] inference platform for hyperscale, enterprise, and sovereign customers.” Based on this information, the money will be used for product development, global rollout, and large deployments – not necessarily to own and build data centers themselves.
- ·8.11. · MuokattuNo one can deny that one is in a bullish trend long-term. Technically, it met strong resistance from a previous distribution phase. It lies between a range 22-34, with a possible pivot where it is now. This must in any case be said to be volatile. Why 22? -Because the actual numbers show it. The bigger players can hide behind many ways of manipulating, but they cannot hide behind volume and enthusiasm. The previous emission was 20, and I am sure if these bigger players in the game who are long-term and believe in what they are invested in, they will start protecting their positions and in any case get to buy at a discount price.
- ·7.11.The fall was greater than I could have imagined after such a report they delivered. -EBITDA is still negative, but significantly improved in Q3 vs the same quarter last year: from -DKK 17.6 m → -DKK 6.1 m. This means the company is heading towards break-even. -Cash flow from operations for Q3 was near zero, which is a great improvement from significantly negative in the same period last year. This is positive with regard to liquidity and financial flexibility. -Liquidity was good at the end of Q3, which gives Napatech confidence to continue investments and operations while building volume. -Q3 continued revenue growth and also had a solid sequential increase (~31 %). But 40 was somewhat low in my opinion, but they also mention that Q3 usually tends to be weak compared to other quarters. The market is never «wrong», but the company is on the right track more than anything else and is focused on design-wins for high volume. -A design win means that the agreement is not just “on paper” — Napatech and d-Matrix already have commitments regarding deliveries and development costs. -Committed unit purchases in 2025 and early 2026. -A five-year minimum continuity commitment for delivery. -That ramping into production starts in 2026, with the potential to reach high volume. This suggests that Napatech is not just a supplier — they are a partner in a long-term road map with d-Matrix. Some sell, and some buy. I know what I'm doing when the shares became cheaper.·7.11.I took the liberty of letting Grok analyze your post @Hatchback 👇🔥😉 The market can be unfair to good reports, especially in a volatile tech environment like AI and networking. I have gone through their Q3 report (published November 5, 2025), the stock performance, and the details regarding the design-win with d-Matrix, to verify the forum analysis you shared. In short: Yes, he is largely correct. It is fact-based and balanced, with some minor rounding, but no major errors. Let me break it down point by point, based on official figures, and add some context. Financial highlights from the Q3 report • EBITDA improvement: Absolutely spot on. EBITDA was -DKK 6,1 million in Q3 2025, a significant improvement from -DKK 17,6 million in Q3 2024 (improvement of DKK 11,5 million). This shows that they are approaching break-even on profitability, driven by cost reductions and higher margins (gross margin of 70,5 %, up from Q2).  It is a clear sign that they are “on their way to break-even”, as the analysis states. • Cash flow from operations: Also correct – it was break-even (near zero) in the quarter, an improvement of DKK 22,5 million from the negative flow in Q3 2024. YTD (Jan-Sep) it is still negative (DKK -44,3 million), but the trend is positive and provides better financial flexibility.  This is especially important for a growth company like Napatech, which invests heavily in R&D. • Liquidity: Good point here – net working capital at the end of Q3 was DKK 91,2 million, which gives them a solid buffer to continue investments without immediate pressure.  They also have cash reserves that support operations into 2026, while waiting for ramp-up from design-wins. • Revenue and growth: Revenue was DKK 40,1 million in Q3 (USD 6,3 million), up 18 % YoY in DKK and 25 % in USD – solid growth, but yes, Q3 is traditionally seasonally weak (as they themselves mention in the report, with lower volume before autumn/winter ramp). Sequentially from Q2 (DKK 31,6 million) there is an increase of approx. 27 % (not exactly 31 %, but close enough – perhaps based on USD figures or adjustments).   YTD growth in USD is 26 %, so they are building momentum. The stock reaction and the market's “mistake” You are right that the drop has been greater than expected after such a report – the stock closed at DKK 33,70 on November 4, but fell to DKK 29,30 on November 5 (report day, -13 %), further to DKK 28,05 on November 6 (-4 %) and DKK 26,60 on November 7 (-5 %). Total approx. -21 % in three days, with high volume (over 900k shares on November 5). The market often prices in expectations of faster profitability or larger AI ramps, and Napatech is still EBITDA-negative overall (ttm -DKK 117 million), so that can explain the sales from short-term investors. But as you say: The market is never “wrong” in the short term, but long-term it looks like the company is on the right track with a focus on high volume in AI infrastructure. Design-win with d-Matrix – not just talk This is perhaps the strongest point in the analysis, and it holds true: • Not just on paper: The contract is signed with concrete commitments, including committed units (unit purchases) in 2025 and early 2026, plus NRE fees (development costs that Napatech has already received parts of).  • 5-year minimum: Yes, it is a 5-year supply agreement with minimum continuity commitment for deliveries, which ensures long-term partnership.   • Ramping and volume: Initial revenue over USD 1,2 million in 2025, with ramp-start in 2026 and potential for over USD 15 million annually at peak (high volume in AI-inferencing for hyperscalers). Napatech is integrated into d-Matrix’ Corsair platform with their N3070X AI NIC, and development is on schedule with milestones reached. This positions Napatech as a true partner, not just a supplier, in the AI boom – and several analysts are expanding projections based on this.·7.11."Design-win with d-Matrix – Not just talk" This is perhaps the strongest point in the analysis, and it holds true" Chad99, thank you for highlighting my point, and the same for backup, and not least Grok;) I am not here to hype, I will never advise anyone to either buy or sell. I want to share facts as I see them, however I am bullish on this matter and somewhat biased. Some want to look for something negative, but I see the trend of what they are doing, and who they are: this is a company that has won many awards for its innovative performance. I believe not only in Napatech, but d-Matrix, their supporters, their hype and what can happen when this is fully out on the market. Unfortunately, this is a privately owned company, so I cannot invest in them, would definitely have done so if they were.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Oslo Børs
Määrä
Osto
140
Myynti
Määrä
6 768
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 484 | - | - | ||
| 575 | - | - | ||
| 1 059 | - | - | ||
| 218 | - | - |
Ylin
27,5VWAP
Alin
25,7VaihtoMäärä
3,8 143 154
VWAP
Ylin
27,5Alin
25,7VaihtoMäärä
3,8 143 154
Välittäjätilasto
Dataa ei löytynyt