Reported Earnings • May 21
First quarter 2026 earnings released: EPS: NT$0.41 (vs NT$2.30 in 1Q 2025) First quarter 2026 results: EPS: NT$0.41 (down from NT$2.30 in 1Q 2025). Revenue: NT$79.9m (down 33% from 1Q 2025). Net income: NT$3.58m (down 80% from 1Q 2025). Profit margin: 4.5% (down from 15% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$123, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 19x in the Entertainment industry in Taiwan. Total returns to shareholders of 5.5% over the past three years. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$3.14 (vs NT$11.40 loss in FY 2024) Full year 2025 results: EPS: NT$3.14 (up from NT$11.40 loss in FY 2024). Revenue: NT$354.8m (up NT$314.7m from FY 2024). Net income: NT$24.5m (up NT$101.9m from FY 2024). Profit margin: 6.9% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Mar 12
Cayenne Entertainment Technology Co., Ltd., Annual General Meeting, May 27, 2026 Cayenne Entertainment Technology Co., Ltd., Annual General Meeting, May 27, 2026. Location: b1 floor no,12, sec.1 chung hsiao e. rd., jhongjheng district, taipei city Taiwan New Risk • Feb 23
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 Taiwanese stocks, typically moving 7.3% 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 (7.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$945.1m market cap, or US$30.0m). Reported Earnings • Nov 18
Third quarter 2025 earnings released: NT$0.77 loss per share (vs NT$2.79 loss in 3Q 2024) Third quarter 2025 results: NT$0.77 loss per share (improved from NT$2.79 loss in 3Q 2024). Revenue: NT$83.4m (up NT$78.3m from 3Q 2024). Net loss: NT$6.00m (loss narrowed 69% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$1.13 (vs NT$2.53 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$1.13 (up from NT$2.53 loss in 2Q 2024). Revenue: NT$87.0m (up NT$76.8m from 2Q 2024). Net income: NT$8.84m (up NT$25.7m from 2Q 2024). Profit margin: 10% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: NT$2.30 (vs NT$3.31 loss in 1Q 2024) First quarter 2025 results: EPS: NT$2.30 (up from NT$3.31 loss in 1Q 2024). Revenue: NT$118.5m (up NT$109.0m from 1Q 2024). Net income: NT$18.0m (up NT$39.4m from 1Q 2024). Profit margin: 15% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Annonce • Mar 13
Cayenne Entertainment Technology Co., Ltd., Annual General Meeting, Jun 05, 2025 Cayenne Entertainment Technology Co., Ltd., Annual General Meeting, Jun 05, 2025. Location: b1 floor no,12, sec.1 chung hsiao e. rd., jhongjheng district, taipei city Taiwan New Risk • Feb 10
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 Taiwanese stocks, typically moving 6.4% 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 Less than 1 year of cash runway based on free cash flow trend (-NT$61m free cash flow). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m (NT$31m revenue, or US$931k). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (NT$431.2m market cap, or US$13.1m). New Risk • Jan 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-NT$61m free cash flow). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m (NT$31m revenue, or US$927k). Market cap is less than US$10m (NT$302.3m market cap, or US$9.18m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$2.79 loss per share (vs NT$4.07 loss in 3Q 2023) Third quarter 2024 results: NT$2.79 loss per share (improved from NT$4.07 loss in 3Q 2023). Revenue: NT$5.10m (down 36% from 3Q 2023). Net loss: NT$19.1m (loss narrowed 23% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. New Risk • Sep 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$308.8m (US$9.60m) 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 Less than 1 year of cash runway based on free cash flow trend (-NT$87m free cash flow). Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (NT$308.8m market cap, or US$9.60m). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Revenue is less than US$5m (NT$33m revenue, or US$1.0m). Reported Earnings • Aug 18
Second quarter 2024 earnings released: NT$1.84 loss per share (vs NT$1.97 loss in 2Q 2023) Second quarter 2024 results: NT$1.84 loss per share. Revenue: NT$10.2m (up 60% from 2Q 2023). Net loss: NT$16.9m (loss widened 11% from 2Q 2023). New Risk • Jun 11
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 Taiwanese stocks, typically moving 6.5% 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 Less than 1 year of cash runway based on free cash flow trend (-NT$79m free cash flow). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (NT$30m revenue, or US$913k). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (NT$388.4m market cap, or US$12.0m). Reported Earnings • May 19
First quarter 2024 earnings released: NT$2.41 loss per share (vs NT$3.08 loss in 1Q 2023) First quarter 2024 results: NT$2.41 loss per share (improved from NT$3.08 loss in 1Q 2023). Revenue: NT$9.49m (down 1.9% from 1Q 2023). Net loss: NT$21.4m (loss narrowed 5.6% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 03
Full year 2023 earnings released: NT$10.66 loss per share (vs NT$16.20 loss in FY 2022) Full year 2023 results: NT$10.66 loss per share (improved from NT$16.20 loss in FY 2022). Revenue: NT$29.7m (down 74% from FY 2022). Net loss: NT$84.9m (loss narrowed 25% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Annonce • Mar 19
Cayenne Entertainment Technology Co., Ltd., Annual General Meeting, Jun 05, 2024 Cayenne Entertainment Technology Co., Ltd., Annual General Meeting, Jun 05, 2024. New Risk • Nov 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$103m free cash flow). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Earnings have declined by 41% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (NT$38m revenue, or US$1.2m). Market cap is less than US$100m (NT$471.6m market cap, or US$14.9m). Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: NT$0.98 (vs NT$1.38 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.98 (up from NT$1.38 loss in 2Q 2022). Revenue: NT$6.37m (down 90% from 2Q 2022). Net loss: NT$15.2m (loss narrowed 21% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Apr 06
Full year 2022 earnings released: NT$8.10 loss per share (vs NT$1.79 profit in FY 2021) Full year 2022 results: NT$8.10 loss per share (down from NT$1.79 profit in FY 2021). Revenue: NT$114.1m (up 174% from FY 2021). Net loss: NT$113.1m (down NT$137.6m from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 20
Third quarter 2022 earnings released: NT$1.55 loss per share (vs NT$3.59 profit in 3Q 2021) Third quarter 2022 results: NT$1.55 loss per share (down from NT$3.59 profit in 3Q 2021). Revenue: NT$13.2m (up 45% from 3Q 2021). Net loss: NT$21.7m (down 144% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 10
Second quarter 2022 earnings released: NT$1.38 loss per share (vs NT$0.47 loss in 2Q 2021) Second quarter 2022 results: NT$1.38 loss per share (down from NT$0.47 loss in 2Q 2021). Revenue: NT$65.2m (up NT$56.2m from 2Q 2021). Net loss: NT$19.3m (loss widened 198% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2022 earnings released: NT$1.59 loss per share (vs NT$1.32 profit in 1Q 2021) First quarter 2022 results: NT$1.59 loss per share (down from NT$1.32 profit in 1Q 2021). Revenue: NT$26.5m (up 172% from 1Q 2021). Net loss: NT$22.0m (down 223% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$1.79 (vs NT$4.06 loss in FY 2020) Full year 2021 results: EPS: NT$1.79 (up from NT$4.06 loss in FY 2020). Revenue: NT$41.6m (down 51% from FY 2020). Net income: NT$24.5m (up NT$79.9m from FY 2020). Profit margin: 59% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 16% share price gain to NT$71.50, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 13x in the Entertainment industry in Taiwan. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 19% share price gain to NT$72.10, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total returns to shareholders of 4.5% over the past three years. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$61.70, the stock trades at a trailing P/E ratio of 66.9x. Average trailing P/E is 13x in the Entertainment industry in Taiwan. Total loss to shareholders of 9.0% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 20% share price gain to NT$66.00, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total loss to shareholders of 3.5% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 19% share price gain to NT$43.25, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total loss to shareholders of 38% over the past three years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$3.59 (vs NT$0.17 loss in 3Q 2020) Third quarter 2021 results: Revenue: NT$9.10m (down 40% from 3Q 2020). Net income: NT$49.0m (up NT$51.3m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 24% per year. Reported Earnings • May 17
First quarter 2021 earnings released: EPS NT$1.32 (vs NT$0.61 loss in 1Q 2020) First quarter 2021 results: Revenue: NT$9.74m (down 75% from 1Q 2020). Net income: NT$18.0m (up NT$26.4m from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 20
Full year 2020 earnings released: NT$4.06 loss per share (vs NT$14.23 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: NT$84.3m (down 75% from FY 2019). Net loss: NT$55.4m (loss narrowed 72% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 31
New 90-day high: NT$36.30 The company is up 83% from its price of NT$19.80 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: NT$26.70 The company is up 7.0% from its price of NT$25.00 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 6.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.17 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$15.2m (down 78% from 3Q 2019). Net loss: NT$2.31m (loss narrowed 94% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 117% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 23
New 90-day low: NT$16.70 The company is down 31% from its price of NT$24.10 on 24 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day low: NT$17.40 The company is down 32% from its price of NT$25.60 on 08 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 15% over the same period. Is New 90 Day High Low • Oct 04
New 90-day low: NT$19.80 The company is down 25% from its price of NT$26.40 on 06 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 15% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: NT$19.80 The company is down 27% from its price of NT$27.20 on 03 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 16% over the same period.