2026 Q1 -tulosraportti
63 päivää sitten
‧15 min
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 7.8. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 30.4. | ||
2025 Q4 -tulosraportti 12.2. | ||
2025 Q3 -tulosraportti 14.11.2025 | ||
2025 Q2 -tulosraportti 27.8.2025 | ||
2025 Q1 -tulosraportti 8.5.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·30.5.https://www.di.se/digital/ai-for-blaljus-far-in-starka-agare-global-marknad/ I read Di's article about Evam, which recently raised 38m in a Series A round led by Industrifonden and Fåhraeus Startup & Growth. No valuation was communicated, but given the company's position and customer base, it's not unreasonable to assume a valuation of several hundred million SEK, even though the company is likely still in an expansion phase. This makes the comparison with Tourn interesting. Tourn is currently valued at around 60–70m, while the company is undergoing a transformation towards AI-driven agent and SaaS revenues. The market has not yet seen clear evidence of scalability, but from Q2, the company has announced that it will report AaaS-metrics. For me, the investment case is simple: the market still values Tourn based on its history, while the upside lies in the AI business showing growing ARR, more enterprise customers, and high gross margin. If this happens, the valuation could start to approach that of other smaller AI and SaaS companies instead of traditional marketing companies. Assuming that the AI theme remains strong in 2026 and that Tourn can show concrete AI revenues, more customer agreements, and continued improved profitability during the autumn, I think it's more reasonable to think in scenarios than in an exact price target. The Bear case scenario (no clear AI scalability) justifies a valuation around 50–80m. The market bluntly still sees Tourn as a small influencer/agency company. The Base case scenario (a few more AI customers, clear reference cases, positive momentum) justifies a valuation around 100–200m and is based on the market starting to price in that the AI agent business is actually a new business segment. The Bull case scenario (several enterprise customers, recurring ARR, clear evidence of scalability) justifies a valuation around 250–500m, which probably corresponds to Evam's Series A round valuation. Then Tourn would start to be compared with smaller AI and SaaS companies rather than with marketing companies. The important thing is that the market rarely waits for large profits. The valuation uplift usually comes when investors see that a scalable business model works. The Evam example is interesting precisely because investors are likely valuing the company at several hundred million SEK, even though the focus is on future scaling rather than current results. Given what we know today about Tourn, i.e., AI collaborations, demand from external customers, Agency's improved development, and the low current valuation around 60–70m etc. etc., I would estimate that 100–150m at the turn of the year is a reasonable base scenario if the company continues to deliver positive data points during H2 2026. To justify 250m+, it is likely required that the market sees real evidence of recurring AI revenues and that several customers are connected to the platform. Tourn reports AaaS metrics from Q2. The key is growing ARR, more AI customers, and high gross margin. If Tourn can show this during H2 2026, the probability increases that the market will start to value the company as an AI/SaaS company instead of a traditional marketing company.
·19.5.From 50% up YTD to 22% down, big sellout or bad report reaction?- ·28.4. · MuokattuQ1 on April 30 will be exciting. Tourn has developed into an AI pure play company on the stock market, an option on AI development. In short, AI agents are the next step in client companies' development, where AI goes from being a tool that assists, to becoming a type of employee that performs the work. And it is precisely these AI agent solutions that Tourn has developed to streamline its own operations (influencer marketing) but which customers have now unexpectedly requested as Agent-as-a-Service. My feeling is that Tourn is far ahead today (the company has beta tested Chat GPT for 7 years) but has probably only scratched the surface. One customer is official today (see my previous post regarding this PM) but it's entirely possible that there are also smaller customers (pilots) who are now also included in Q1 as monthly recurring revenue. Furthermore, the agents are already fully developed and trained, and onboarding of new customers before revenues start to show is therefore short, around one week from the signing of the agreement. After this, the upsell potential is great, but I expect this to become visible only 6-9 months after onboarding. So, a completely new model. Q1's focus is on scaling and fully understanding the model, as well as getting a picture of scaling, growth, and profitability. I've been around for a long time and experienced Micro caps that have had breakthroughs and achieved significant valuations. I believe I see that the prerequisites exist in Tourn. With skill, a bit of luck, and AI hype, it can succeed. But, the probability of us reaching December's share price is very low. The upside is greater. The case is asymmetric. The valuation? Tourn is thus moving from today's "does the company survive?"-valuation to a "does the model work?"-valuation. To go from 80m to 150–300m (EV/S 2-4 x sales), Q1 must show that the AI business is up and running, selling, and repeatable. Doesn't need to be perfect, but real data points.
- ·16.4.The order value is not stated in the PM as NEP does not want to disclose this. But realistic order value for Tourn's Agentified AI solutions (AaaS) is likely 1–3m for smaller customers and 4–10m for enterprise (e.g. NEP) with upside towards 10–15m if AI agents replace larger cost mass (among other things, replace existing SaaS solutions/costs). The same type of savings potential that Tourn itself managed to implement. This means in that case that Tourn doesn't need extremely many customers... 15–25 right customers are enough to reach 80–120m in ARR. Strong AI scaling + AI hype justifies multiples around 8-12 x ARR. A little luck, good momentum and skill, and it might work.
- ·15.4.If Tourn succeeds in converting the AI agents into recurring ARR and acquiring more customers like NEP (Carlyle Group), there is a realistic path from today's low valuation to 300–500m in a base case and up to 1 Bn in a bull case (20+ customers and ARR 80-120m). It can happen quickly, but not “overnight”. For a company like Tourn, it's about a 12–24 month journey in a good scenario. In today's market (post-hype, more cash flow focus): Low quality / early stage: 2–4x ARR Proven growth: 4–8x ARR Strong AI-scaling + hype: 8–12x ARR The key is not a single deal but rather to show that the model can be replicated and scaled with multiple customers, primarily during 2H 2026.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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
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.
2026 Q1 -tulosraportti
63 päivää sitten
‧15 min
Uutiset
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.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·30.5.https://www.di.se/digital/ai-for-blaljus-far-in-starka-agare-global-marknad/ I read Di's article about Evam, which recently raised 38m in a Series A round led by Industrifonden and Fåhraeus Startup & Growth. No valuation was communicated, but given the company's position and customer base, it's not unreasonable to assume a valuation of several hundred million SEK, even though the company is likely still in an expansion phase. This makes the comparison with Tourn interesting. Tourn is currently valued at around 60–70m, while the company is undergoing a transformation towards AI-driven agent and SaaS revenues. The market has not yet seen clear evidence of scalability, but from Q2, the company has announced that it will report AaaS-metrics. For me, the investment case is simple: the market still values Tourn based on its history, while the upside lies in the AI business showing growing ARR, more enterprise customers, and high gross margin. If this happens, the valuation could start to approach that of other smaller AI and SaaS companies instead of traditional marketing companies. Assuming that the AI theme remains strong in 2026 and that Tourn can show concrete AI revenues, more customer agreements, and continued improved profitability during the autumn, I think it's more reasonable to think in scenarios than in an exact price target. The Bear case scenario (no clear AI scalability) justifies a valuation around 50–80m. The market bluntly still sees Tourn as a small influencer/agency company. The Base case scenario (a few more AI customers, clear reference cases, positive momentum) justifies a valuation around 100–200m and is based on the market starting to price in that the AI agent business is actually a new business segment. The Bull case scenario (several enterprise customers, recurring ARR, clear evidence of scalability) justifies a valuation around 250–500m, which probably corresponds to Evam's Series A round valuation. Then Tourn would start to be compared with smaller AI and SaaS companies rather than with marketing companies. The important thing is that the market rarely waits for large profits. The valuation uplift usually comes when investors see that a scalable business model works. The Evam example is interesting precisely because investors are likely valuing the company at several hundred million SEK, even though the focus is on future scaling rather than current results. Given what we know today about Tourn, i.e., AI collaborations, demand from external customers, Agency's improved development, and the low current valuation around 60–70m etc. etc., I would estimate that 100–150m at the turn of the year is a reasonable base scenario if the company continues to deliver positive data points during H2 2026. To justify 250m+, it is likely required that the market sees real evidence of recurring AI revenues and that several customers are connected to the platform. Tourn reports AaaS metrics from Q2. The key is growing ARR, more AI customers, and high gross margin. If Tourn can show this during H2 2026, the probability increases that the market will start to value the company as an AI/SaaS company instead of a traditional marketing company.
- ·19.5.From 50% up YTD to 22% down, big sellout or bad report reaction?
- ·28.4. · MuokattuQ1 on April 30 will be exciting. Tourn has developed into an AI pure play company on the stock market, an option on AI development. In short, AI agents are the next step in client companies' development, where AI goes from being a tool that assists, to becoming a type of employee that performs the work. And it is precisely these AI agent solutions that Tourn has developed to streamline its own operations (influencer marketing) but which customers have now unexpectedly requested as Agent-as-a-Service. My feeling is that Tourn is far ahead today (the company has beta tested Chat GPT for 7 years) but has probably only scratched the surface. One customer is official today (see my previous post regarding this PM) but it's entirely possible that there are also smaller customers (pilots) who are now also included in Q1 as monthly recurring revenue. Furthermore, the agents are already fully developed and trained, and onboarding of new customers before revenues start to show is therefore short, around one week from the signing of the agreement. After this, the upsell potential is great, but I expect this to become visible only 6-9 months after onboarding. So, a completely new model. Q1's focus is on scaling and fully understanding the model, as well as getting a picture of scaling, growth, and profitability. I've been around for a long time and experienced Micro caps that have had breakthroughs and achieved significant valuations. I believe I see that the prerequisites exist in Tourn. With skill, a bit of luck, and AI hype, it can succeed. But, the probability of us reaching December's share price is very low. The upside is greater. The case is asymmetric. The valuation? Tourn is thus moving from today's "does the company survive?"-valuation to a "does the model work?"-valuation. To go from 80m to 150–300m (EV/S 2-4 x sales), Q1 must show that the AI business is up and running, selling, and repeatable. Doesn't need to be perfect, but real data points.
- ·16.4.The order value is not stated in the PM as NEP does not want to disclose this. But realistic order value for Tourn's Agentified AI solutions (AaaS) is likely 1–3m for smaller customers and 4–10m for enterprise (e.g. NEP) with upside towards 10–15m if AI agents replace larger cost mass (among other things, replace existing SaaS solutions/costs). The same type of savings potential that Tourn itself managed to implement. This means in that case that Tourn doesn't need extremely many customers... 15–25 right customers are enough to reach 80–120m in ARR. Strong AI scaling + AI hype justifies multiples around 8-12 x ARR. A little luck, good momentum and skill, and it might work.
- ·15.4.If Tourn succeeds in converting the AI agents into recurring ARR and acquiring more customers like NEP (Carlyle Group), there is a realistic path from today's low valuation to 300–500m in a base case and up to 1 Bn in a bull case (20+ customers and ARR 80-120m). It can happen quickly, but not “overnight”. For a company like Tourn, it's about a 12–24 month journey in a good scenario. In today's market (post-hype, more cash flow focus): Low quality / early stage: 2–4x ARR Proven growth: 4–8x ARR Strong AI-scaling + hype: 8–12x ARR The key is not a single deal but rather to show that the model can be replicated and scaled with multiple customers, primarily during 2H 2026.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 7.8. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 30.4. | ||
2025 Q4 -tulosraportti 12.2. | ||
2025 Q3 -tulosraportti 14.11.2025 | ||
2025 Q2 -tulosraportti 27.8.2025 | ||
2025 Q1 -tulosraportti 8.5.2025 |
2026 Q1 -tulosraportti
63 päivää sitten
‧15 min
Uutiset
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
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 7.8. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 30.4. | ||
2025 Q4 -tulosraportti 12.2. | ||
2025 Q3 -tulosraportti 14.11.2025 | ||
2025 Q2 -tulosraportti 27.8.2025 | ||
2025 Q1 -tulosraportti 8.5.2025 |
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·30.5.https://www.di.se/digital/ai-for-blaljus-far-in-starka-agare-global-marknad/ I read Di's article about Evam, which recently raised 38m in a Series A round led by Industrifonden and Fåhraeus Startup & Growth. No valuation was communicated, but given the company's position and customer base, it's not unreasonable to assume a valuation of several hundred million SEK, even though the company is likely still in an expansion phase. This makes the comparison with Tourn interesting. Tourn is currently valued at around 60–70m, while the company is undergoing a transformation towards AI-driven agent and SaaS revenues. The market has not yet seen clear evidence of scalability, but from Q2, the company has announced that it will report AaaS-metrics. For me, the investment case is simple: the market still values Tourn based on its history, while the upside lies in the AI business showing growing ARR, more enterprise customers, and high gross margin. If this happens, the valuation could start to approach that of other smaller AI and SaaS companies instead of traditional marketing companies. Assuming that the AI theme remains strong in 2026 and that Tourn can show concrete AI revenues, more customer agreements, and continued improved profitability during the autumn, I think it's more reasonable to think in scenarios than in an exact price target. The Bear case scenario (no clear AI scalability) justifies a valuation around 50–80m. The market bluntly still sees Tourn as a small influencer/agency company. The Base case scenario (a few more AI customers, clear reference cases, positive momentum) justifies a valuation around 100–200m and is based on the market starting to price in that the AI agent business is actually a new business segment. The Bull case scenario (several enterprise customers, recurring ARR, clear evidence of scalability) justifies a valuation around 250–500m, which probably corresponds to Evam's Series A round valuation. Then Tourn would start to be compared with smaller AI and SaaS companies rather than with marketing companies. The important thing is that the market rarely waits for large profits. The valuation uplift usually comes when investors see that a scalable business model works. The Evam example is interesting precisely because investors are likely valuing the company at several hundred million SEK, even though the focus is on future scaling rather than current results. Given what we know today about Tourn, i.e., AI collaborations, demand from external customers, Agency's improved development, and the low current valuation around 60–70m etc. etc., I would estimate that 100–150m at the turn of the year is a reasonable base scenario if the company continues to deliver positive data points during H2 2026. To justify 250m+, it is likely required that the market sees real evidence of recurring AI revenues and that several customers are connected to the platform. Tourn reports AaaS metrics from Q2. The key is growing ARR, more AI customers, and high gross margin. If Tourn can show this during H2 2026, the probability increases that the market will start to value the company as an AI/SaaS company instead of a traditional marketing company.
- ·19.5.From 50% up YTD to 22% down, big sellout or bad report reaction?
- ·28.4. · MuokattuQ1 on April 30 will be exciting. Tourn has developed into an AI pure play company on the stock market, an option on AI development. In short, AI agents are the next step in client companies' development, where AI goes from being a tool that assists, to becoming a type of employee that performs the work. And it is precisely these AI agent solutions that Tourn has developed to streamline its own operations (influencer marketing) but which customers have now unexpectedly requested as Agent-as-a-Service. My feeling is that Tourn is far ahead today (the company has beta tested Chat GPT for 7 years) but has probably only scratched the surface. One customer is official today (see my previous post regarding this PM) but it's entirely possible that there are also smaller customers (pilots) who are now also included in Q1 as monthly recurring revenue. Furthermore, the agents are already fully developed and trained, and onboarding of new customers before revenues start to show is therefore short, around one week from the signing of the agreement. After this, the upsell potential is great, but I expect this to become visible only 6-9 months after onboarding. So, a completely new model. Q1's focus is on scaling and fully understanding the model, as well as getting a picture of scaling, growth, and profitability. I've been around for a long time and experienced Micro caps that have had breakthroughs and achieved significant valuations. I believe I see that the prerequisites exist in Tourn. With skill, a bit of luck, and AI hype, it can succeed. But, the probability of us reaching December's share price is very low. The upside is greater. The case is asymmetric. The valuation? Tourn is thus moving from today's "does the company survive?"-valuation to a "does the model work?"-valuation. To go from 80m to 150–300m (EV/S 2-4 x sales), Q1 must show that the AI business is up and running, selling, and repeatable. Doesn't need to be perfect, but real data points.
- ·16.4.The order value is not stated in the PM as NEP does not want to disclose this. But realistic order value for Tourn's Agentified AI solutions (AaaS) is likely 1–3m for smaller customers and 4–10m for enterprise (e.g. NEP) with upside towards 10–15m if AI agents replace larger cost mass (among other things, replace existing SaaS solutions/costs). The same type of savings potential that Tourn itself managed to implement. This means in that case that Tourn doesn't need extremely many customers... 15–25 right customers are enough to reach 80–120m in ARR. Strong AI scaling + AI hype justifies multiples around 8-12 x ARR. A little luck, good momentum and skill, and it might work.
- ·15.4.If Tourn succeeds in converting the AI agents into recurring ARR and acquiring more customers like NEP (Carlyle Group), there is a realistic path from today's low valuation to 300–500m in a base case and up to 1 Bn in a bull case (20+ customers and ARR 80-120m). It can happen quickly, but not “overnight”. For a company like Tourn, it's about a 12–24 month journey in a good scenario. In today's market (post-hype, more cash flow focus): Low quality / early stage: 2–4x ARR Proven growth: 4–8x ARR Strong AI-scaling + hype: 8–12x ARR The key is not a single deal but rather to show that the model can be replicated and scaled with multiple customers, primarily during 2H 2026.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt