Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: zł0.27 (vs zł0.40 in 3Q 2024) Third quarter 2025 results: EPS: zł0.27 (down from zł0.40 in 3Q 2024). Revenue: zł10.8m (up 20% from 3Q 2024). Net income: zł592.0k (down 34% from 3Q 2024). Profit margin: 5.5% (down from 9.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Reported Earnings • Oct 05
Second quarter 2025 earnings released: EPS: zł0.25 (vs zł1.10 loss in 2Q 2024) Second quarter 2025 results: EPS: zł0.25 (up from zł1.10 loss in 2Q 2024). Revenue: zł9.90m (up 17% from 2Q 2024). Net income: zł566.0k (up zł3.02m from 2Q 2024). Profit margin: 5.7% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Annuncio • Aug 25
Brand 24 S.A. to Report First Half, 2025 Results on Sep 30, 2025 Brand 24 S.A. announced that they will report first half, 2025 results on Sep 30, 2025 Reported Earnings • Apr 04
Full year 2024 earnings released: EPS: zł0.34 (vs zł1.59 in FY 2023) Full year 2024 results: EPS: zł0.34 (down from zł1.59 in FY 2023). Revenue: zł35.3m (up 27% from FY 2023). Net income: zł764.4k (down 78% from FY 2023). Profit margin: 2.2% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: zł0.40 (vs zł0.39 in 3Q 2023) Third quarter 2024 results: EPS: zł0.40 (up from zł0.39 in 3Q 2023). Revenue: zł9.04m (up 29% from 3Q 2023). Net income: zł892.2k (up 4.4% from 3Q 2023). Profit margin: 9.9% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year. Reported Earnings • Oct 01
Second quarter 2024 earnings released: zł1.10 loss per share (vs zł0.83 profit in 2Q 2023) Second quarter 2024 results: zł1.10 loss per share (down from zł0.83 profit in 2Q 2023). Revenue: zł8.44m (up 26% from 2Q 2023). Net loss: zł2.46m (down 234% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: zł0.52 (vs zł0.45 in 1Q 2023) First quarter 2024 results: EPS: zł0.52 (up from zł0.45 in 1Q 2023). Revenue: zł7.88m (up 24% from 1Q 2023). Net income: zł1.16m (up 17% from 1Q 2023). Profit margin: 15% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annuncio • May 31
Brand 24 S.A., Annual General Meeting, Jun 26, 2024 Brand 24 S.A., Annual General Meeting, Jun 26, 2024. Reported Earnings • Apr 09
Full year 2023 earnings released: EPS: zł1.59 (vs zł0.70 in FY 2022) Full year 2023 results: EPS: zł1.59 (up from zł0.70 in FY 2022). Revenue: zł27.7m (up 25% from FY 2022). Net income: zł3.51m (up 127% from FY 2022). Profit margin: 13% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 03
Brand 24 S.A. to Report Fiscal Year 2023 Final Results on Apr 04, 2024 Brand 24 S.A. announced that they will report fiscal year 2023 final results on Apr 04, 2024 Annuncio • Feb 03
Brand 24 S.A. to Report Q3, 2024 Results on Nov 29, 2024 Brand 24 S.A. announced that they will report Q3, 2024 results on Nov 29, 2024 Reported Earnings • Nov 26
Third quarter 2023 earnings released: EPS: zł0.39 (vs zł0.17 in 3Q 2022) Third quarter 2023 results: EPS: zł0.39 (up from zł0.17 in 3Q 2022). Revenue: zł7.02m (up 21% from 3Q 2022). Net income: zł855.0k (up 124% from 3Q 2022). Profit margin: 12% (up from 6.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Oct 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Market cap is less than US$100m (zł78.8m market cap, or US$18.0m). Reported Earnings • Oct 01
Second quarter 2023 earnings released: EPS: zł0.83 (vs zł0.20 in 2Q 2022) Second quarter 2023 results: EPS: zł0.83 (up from zł0.20 in 2Q 2022). Revenue: zł6.69m (up 25% from 2Q 2022). Net income: zł1.83m (up 309% from 2Q 2022). Profit margin: 27% (up from 8.4% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł35.50, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 23x in the Software industry in Poland. Total returns to shareholders of 12% over the past three years. Annuncio • Jun 04
Brand 24 S.A., Annual General Meeting, Jun 30, 2023 Brand 24 S.A., Annual General Meeting, Jun 30, 2023, at 09:00 Central European Standard Time. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: zł0.70 (vs zł0.12 in FY 2021) Full year 2022 results: EPS: zł0.70 (up from zł0.12 in FY 2021). Revenue: zł22.2m (up 40% from FY 2021). Net income: zł1.55m (up 486% from FY 2021). Profit margin: 7.0% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: zł0.17 (vs zł0.097 in 3Q 2021) Third quarter 2022 results: EPS: zł0.17 (up from zł0.097 in 3Q 2021). Revenue: zł5.81m (up 45% from 3Q 2021). Net income: zł381.5k (up 83% from 3Q 2021). Profit margin: 6.6% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 16% share price gain to zł22.50, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 17x in the Software industry in Poland. Total loss to shareholders of 17% over the past three years. Reported Earnings • Oct 02
Second quarter 2022 earnings released: EPS: zł0.21 (vs zł0.057 in 2Q 2021) Second quarter 2022 results: EPS: zł0.21 (up from zł0.057 in 2Q 2021). Revenue: zł5.36m (up 41% from 2Q 2021). Net income: zł448.0k (up 267% from 2Q 2021). Profit margin: 8.4% (up from 3.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 24
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: zł0.10 (up from zł0.035 loss in 3Q 2020). Revenue: zł4.01m (up 21% from 3Q 2020). Net income: zł208.5k (up zł283.3k from 3Q 2020). Profit margin: 5.2% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 03
Second quarter 2021 earnings released: EPS zł0.053 (vs zł0.072 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł3.82m (up 15% from 2Q 2020). Net income: zł122.1k (up zł269.0k from 2Q 2020). Profit margin: 3.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 27
First quarter 2021 earnings released: EPS zł0.02 (vs zł0.21 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł3.54m (up 9.5% from 1Q 2020). Net income: zł34.7k (up zł462.9k from 1Q 2020). Profit margin: 1.0% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2020 earnings released: zł0.64 loss per share (vs zł0.50 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: zł13.4m (down 15% from FY 2019). Net loss: zł1.35m (loss widened 35% from FY 2019). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 04
New 90-day high: zł29.20 The company is up 36% from its price of zł21.40 on 06 November 2020. The Polish market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: zł26.90 The company is up 13% from its price of zł23.90 on 16 October 2020. The Polish market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: zł20.50 The company is down 27% from its price of zł28.00 on 23 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day low: zł20.60 The company is down 29% from its price of zł29.00 on 02 September 2020. The Polish market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: zł23.90 The company is down 41% from its price of zł40.30 on 17 July 2020. The Polish market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 26
New 90-day low: zł25.50 The company is down 25% from its price of zł34.00 on 26 June 2020. The Polish market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 11% over the same period.