contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


airthings-asa-notice-of-annual-general-meeting-2023

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

A quick Google search reveals that most of the company’s products are immediately available on Google Shop. And there don’t seem to be many competitors for these products. In Finland, for example, Gigantti and Verkkokauppa.com sell them. This latest product is clearly a “flagship” model at the higher end of the price range. In itself, these are positive signs, as the products receive good reviews and are among the first to appear on Google Shop. It still requires more digging and investigation, but this immediately caught my eye.

Hey,  I don’t have investment-related experience with the company but I do have a good user experience to share   I got the device at the turn of the year, and to my surprise, it started showing a red value for radon. During the house construction, I cut corners a bit with the radon piping, so the pipes are in the ground but don’t go up to the roof (because this isn’t a radon area (poor reasoning!)). I’d guess the radon source is the crushed rock, about a 30-40cm layer, under the house’s foundation. Well, with a little effort, I managed to get temporary piping from the boiler room’s fresh air vent to the outside air with the help of a duct fan. The values turned green within a day. During the ski holiday week, I thought, why is that fan humming there when the house is empty? In a few days, the values were red again. Turned the fan on and the values were green again. The device seems to measure very well! Now the pipe goes all the way to the roof; I’ll have to monitor it in the winter to see if it still needs a fan or if gravity will take care of it.

I’ve had a quick look, but haven’t had time to dive in deeply. I’ll continue later in the evening, but here are a few thoughts that came to mind during a quick scroll. The core of the case is clearly the Radon measurement; otherwise, the product doesn’t seem to have much that would differentiate it in a highly competitive market, with basic CO2 measurement, temperatures, IoT, etc. As a moat, Radon measurement doesn’t seem to be among the worst, as its reliable measurement requires approval from the Radiation and Nuclear Safety Authority (STUK) in Finland and America. Even if competitors were interested in the market, mandatory regulatory approvals in different countries are, in my opinion, a relatively reasonable moat. However, there are still competitors in this field, and Airthings’ product, at a quick glance, seems to be among the most expensive on the market, at least in Finland.   Income statement 21Q2 Although the company has communicated its focus on growth, the income statement lines still catch my eye. Revenue growth is okay, and most of it was organic. Unfortunately, expenses almost always grow proportionally with sales, and the same pattern was observed in the 21Q1 and 2020 reports. Sales don’t seem to scale very well; to sell more products, more marketing, components, and salespeople are currently needed. One solution to this could be to focus more on B2B and professional sales, but for now, clearly most sales come from consumers (Q2 Consumers 49.8M NOK, Businesses 9.7M NOK, and Professionals 8.5M NOK). I’d be interested in the vision for how this operation will eventually turn profitable . I also wonder a bit about the current valuation multiples, as this is pretty much a full-fledged product company whose operations don’t seem to scale very well. Not that it’s absolutely expensive in the current market, but there’s still a bit to prove. This is a very superficial scratch from my end too; I’ll try to go deeper in the evening.

I would like to open a thread about the Norwegian company Airthings. I have only familiarized myself with it very superficially, so the power of collective intelligence is needed    What we do  Established in 2008, Airthings is a global tech company led by a team of experienced scientists, engineers, developers and visionaries, with a common goal: to educate on the prevalence of radon, as well as other indoor air contaminants, and develop accessible technology solutions to help people stay healthy while improving energy efficiency in our buildings.    Now, Airthings employs over 90 people in offices around the world. With 300K+ monitors sold internationally and billions of air quality data points collected, Airthings is the global leader in “all things air.”   IR pages and presentations, webcasts                   airthings.com              Airthings | Reports and Presentations    Airthings investor archive of reports and presentations from quarterly reports, presentations and other investor relations milestones.                             Case Studies                   airthings.com              Airthings for Business Blog | Indoor Air Quality Monitoring for Workplaces...    Read the latest on indoor air quality monitoring in the workplace and educational institutions. Get actionable insights to optimize your indoor environment.                             PRODUCT The product is suitable for any building, as it measures air quality (humidity, temperature, CO2, CO2) and Radon. Measurement related to “virus risk” has also been developed.                   https://www.airthings.com/              House Kit    Starter kit for multi-room, connected radon and indoor air quality monitoring.         Price: 299                               RADON MEASUREMENT – potential competitive advantage Radon is the second most common cause of lung cancer in the US after smoking. Radon measurement is the birthplace of the company’s product development, as can be read on the about page.                   airthings.com              About Airthings | Investor Relations    Established in 2008, Airthings is a global technology company led by a team of experienced scientists, engineers and technology professionals with a common goal: to empower the world to breathe better.                                               https://www.airthings.com/              Wave Radon    Bluetooth-enabled, always-on radon monitor. Great for basements where radon enters the home.         Price: 159.99                                Comparison of measuring devices:                  TechHive              Best indoor air quality monitors 2024    You don't have to suffer from allergies or asthma to benefit from knowing everything about your indoor environment. These devices will give you insight into the air you're breathing.         Est. reading time: 6 minutes                                Why two runners-up? Becauser the Airthings Wave Plus is just as unique as the Davis AirLink, but for a different reason: It’s the only device we’ve reviewed that can report on the presence of radon inside your home. Radon is one of the most common and deadly indoor pollutants, and it can’t be detected unless you’re actively looking for it. This monitor can also track the levels of carbon dioxide and VOCs.  Competitive landscape of continuous radon measurement I checked STUK’s approved radon measurement methods. It’s worth looking at the continuous measurement products, which constitute the competitive field. Traditionally, radon measurement is done with sample jars etc., i.e., not as continuous measurement. https://www.stuk.fi/stuk-valvoo/sateilyn-kayttajalle/tyontekijoiden-suojelu-ja-sateilymittaukset/mittausten-hyvaksynnat From there, it can be noted that Airthings has very few competitors on the approved list… but would you, for example, buy such a “competitor”? Or your employer? I don’t think so.  STUK’s statement on the software of Airthings’ Corentium PRO device https://www.stuk.fi/documents/12547/152948/Corentium-Pro-tiedote-13102020.pdf/1890871e-4a52-338f-93b2-a0a74ca2a6c1?t=1604034668748  Resellers and partners… incl. Walmart, Schneider Electric etc. involved.    Largest owners top-20                  airthings.com              Airthings | 20 Largest Shareholders    The 20 largest shareholders listed by rank, shareholder, number of shares, ownership percentage for Airthings ASA.                              A few words about the numbers COMPANY GUIDANCE 2024 is approximately NOK200m+ ARR / revenue NOK 1000m+ The share of recurring revenue in turnover is small. In the long term, the target is about 20%. The gross margin on revenue, however, is high > 60%. EV now approximately ~NOK 1300m, so upon reaching the target, 2024 EV/ARR would be about 6.5x. Still not super cheap. However, in my opinion, it trades below the IPO price.  Considering the company’s total revenue, EV/S for this year is ~4 and for 2024, according to the target, 1.3.    Analysts’ (2 pcs) targets are approximately 100% above today’s listing price.  CMD coming  Therefore, I would hope for a discussion about this topic, both for and against…

Airthings

OSLO, NORWAY (May 4, 2023) - The Board of Directors hereby calls for an Annual General Meeting to be held in Airthings ASA (the "Company") on Thursday May 25, 2023 at 10:00am Norwegian time ...

<pre>OSLO, NORWAY (May 4, 2023) - The Board of Directors hereby calls for an Annual General Meeting to be held in Airthings ASA (the "Company") on Thursday May 25, 2023 at 10:00am Norwegian time in the offices of Airthings at Wergelandsveien 7, 0167 Oslo. Regarding the Annual General Meeting, shareholders may provide votes prior to the AGM by submission of a proxy. Proxy forms are attached to the calling notice. The Company has also arranged for shareholders to be able to call in to the AGM and as such participate in the meeting and have the possibility to raise questions to the Company's representatives. Votes cannot be cast by phone. Call-in details are given in the attached calling notice. Attendance and proxy forms attached to the calling notice must be received no later than 16.00 p.m. (CET) Wednesday, May 24, 2023. The Board of Directors' report and the annual accounts, together with the auditor's report for 2022, are contained in the annual report and are available at: https://www.airthings.com/hubfs/Website/investors/reports/Airthings-Annual-Repor t-2022.pdf For further information, please contact: Jeremy Gerst, CFO Phone: +47 45511103 E-mail: jeremy.gerst@airthings.com Øyvind Birkenes, CEO Phone: +47 92243551 E-mail: o.birkenes@airthings.com Geir Førre, Chairperson Phone: +47 91597580 </pre>