Board Change • Feb 01
Insufficient new directors 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. 1 highly experienced director. Lead Independent Director Steve Smith was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released: CA$0.13 loss per share (vs CA$0.024 loss in 3Q 2021) Third quarter 2022 results: CA$0.13 loss per share (further deteriorated from CA$0.024 loss in 3Q 2021). Revenue: CA$10.9m (up 87% from 3Q 2021). Net loss: CA$3.89m (loss widened 419% from 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 12
Second quarter 2022 earnings released: CA$0.05 loss per share (vs CA$0.02 loss in 2Q 2021) Second quarter 2022 results: CA$0.05 loss per share (down from CA$0.02 loss in 2Q 2021). Revenue: CA$10.5m (up 87% from 2Q 2021). Net loss: CA$1.55m (loss widened 147% from 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 716% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2022 earnings released: CA$0.077 loss per share (vs CA$0.042 loss in 1Q 2021) First quarter 2022 results: CA$0.077 loss per share (down from CA$0.042 loss in 1Q 2021). Revenue: CA$9.60m (up 162% from 1Q 2021). Net loss: CA$2.35m (loss widened 78% from 1Q 2021). Over the next year, revenue is forecast to grow 46%, compared to a 35% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: CA$23.6m (up 34% from FY 2020). Net loss: CA$9.93m (loss widened 102% from FY 2020). Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 77%, compared to a 108% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: CA$0.024 loss per share (vs CA$0.004 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CA$5.82m (up 23% from 3Q 2020). Net loss: CA$749.0k (loss widened 476% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
Second quarter 2021 earnings released: CA$0.02 loss per share (vs CA$0.022 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$5.64m (up 58% from 2Q 2020). Net loss: CA$626.0k (loss narrowed 12% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Reported Earnings • May 13
First quarter 2021 earnings released: US$0.033 loss per share (vs US$0.079 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$2.89m (down 37% from 1Q 2020). Net loss: US$1.05m (loss narrowed 58% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Mar 03
Revenue misses expectations Revenue missed analyst estimates by 7.4%. Over the next year, revenue is forecast to stay flat compared to a 28% growth forecast for the Hospitality industry in Germany. Reported Earnings • Feb 27
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$13.7m (down 39% from FY 2019). Net loss: US$3.82m (loss widened US$3.38m from FY 2019). 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 35% per year, which means it has not declined as severely as earnings. Executive Departure • Feb 26
Independent Director has left the company On the 25th of February, Michele Romanow's tenure as Independent Director ended after 4.1 years in the role. As of December 2020, Michele personally held only 800.00 shares (€840 worth at the time). A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Feb 05
New 90-day high: €1.32 The company is up 63% from its price of €0.81 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.93 per share. Is New 90 Day High Low • Jan 21
New 90-day high: €1.23 The company is up 50% from its price of €0.82 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.93 per share. Is New 90 Day High Low • Nov 27
New 90-day high: €0.96 The company is up 17% from its price of €0.82 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.73 per share. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue misses expectations Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 12% compared to a 3.4% decline forecast for the Hospitality industry in Germany. Is New 90 Day High Low • Oct 31
New 90-day low: €0.78 The company is down 8.0% from its price of €0.85 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.41 per share. Is New 90 Day High Low • Sep 27
New 90-day low: €0.81 The company is down 1.0% from its price of €0.81 on 29 June 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.43 per share.