New Risk • Apr 09
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 Israeli stocks, typically moving 6.9% 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 Risk Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₪93.4m market cap, or US$30.6m). Reported Earnings • Mar 24
Full year 2025 earnings released: ₪0.13 loss per share (vs ₪1.36 loss in FY 2024) Full year 2025 results: ₪0.13 loss per share (improved from ₪1.36 loss in FY 2024). Revenue: ₪28.1m (up 22% from FY 2024). Net loss: ₪1.46m (loss narrowed 90% from FY 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Mar 19
Blender Financial Technologies, Annual General Meeting, Apr 23, 2026 Blender Financial Technologies, Annual General Meeting, Apr 23, 2026. Location: barnea law offices, Israel New Risk • Mar 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (₪95.9m market cap, or US$31.2m). New Risk • Nov 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₪81.5m market cap, or US$25.3m). New Risk • Sep 17
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 Israeli stocks, typically moving 6.2% 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: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (₪54.6m market cap, or US$16.4m). Reported Earnings • Apr 02
Full year 2024 earnings released: ₪1.36 loss per share (vs ₪1.59 loss in FY 2023) Full year 2024 results: ₪1.36 loss per share (improved from ₪1.59 loss in FY 2023). Revenue: ₪23.0m (up 2.3% from FY 2023). Net loss: ₪14.2m (loss narrowed 11% from FY 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Mar 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₪36.9m (US$9.98m) 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 0.8% per year over the past 5 years. Market cap is less than US$10m (₪36.9m market cap, or US$9.98m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (₪43.8m market cap, or US$12.1m). Board Change • Feb 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 2 independent directors (7 non-independent directors). Independent External Director Avi Winter was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.2% This is considered a minor 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 Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Market cap is less than US$100m (₪39.5m market cap, or US$10.8m). Announcement • Nov 25
Blender Financial Technologies, Annual General Meeting, Dec 30, 2024 Blender Financial Technologies, Annual General Meeting, Dec 30, 2024. Location: co. offices, Israel New Risk • Oct 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₪37.6m (US$9.98m) 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 Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 0.8% per year over the past 5 years. Market cap is less than US$10m (₪37.6m market cap, or US$9.98m). New Risk • Sep 27
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 Israeli stocks, typically moving 5.7% 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 Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (₪45.2m market cap, or US$12.2m). New Risk • Aug 21
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 Israeli stocks, typically moving 5.6% 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 Risk Earnings have declined by 6.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (₪39.9m market cap, or US$10.8m). New Risk • Aug 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₪36.6m (US$9.91m) 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 Earnings have declined by 6.1% per year over the past 5 years. Market cap is less than US$10m (₪36.6m market cap, or US$9.91m). Reported Earnings • Apr 03
Full year 2023 earnings released: ₪1.59 loss per share (vs ₪2.22 loss in FY 2022) Full year 2023 results: ₪1.59 loss per share (improved from ₪2.22 loss in FY 2022). Revenue: ₪22.5m (down 5.7% from FY 2022). Net loss: ₪16.0m (loss narrowed 7.0% from FY 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. New Risk • Mar 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (32% increase in shares outstanding). Market cap is less than US$100m (₪52.1m market cap, or US$14.3m). New Risk • Nov 05
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 Israeli stocks, typically moving 8.1% 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 11% per year over the past 5 years. Market cap is less than US$10m (₪39.0m market cap, or US$9.95m). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (32% increase in shares outstanding). New Risk • Oct 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₪39.7m (US$9.77m) 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 Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (₪39.7m market cap, or US$9.77m). Minor Risk Shareholders have been diluted in the past year (32% increase in shares outstanding). Price Target Changed • Dec 26
Price target decreased to ₪26.20 Down from ₪52.05, the current price target is provided by 1 analyst. New target price is 503% above last closing price of ₪4.35. Stock is down 83% over the past year. The company posted a net loss per share of ₪2.90 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent External Director Avi Winter was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 30
Blender Financial Technologies to Report Q2, 2022 Results on Aug 28, 2022 Blender Financial Technologies announced that they will report Q2, 2022 results on Aug 28, 2022 Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: ₪2.90 (vs ₪4.79 loss in FY 2020) Full year 2021 results: EPS: ₪2.90 (up from ₪4.79 loss in FY 2020). Revenue: ₪12.3m (up 24% from FY 2020). Net loss: ₪20.9m (loss narrowed 14% from FY 2020).