Reported Earnings • Oct 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €20.1m (down 14% from 2Q 2023). Net loss: €3.39m (down €3.63m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: €0.003 loss per share. Revenue: €20.0m (up 2.1% from 1Q 2023). Net loss: €722.0k (loss widened 18% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 10
Full year 2023 earnings released Full year 2023 results: Revenue: €88.7m (up 13% from FY 2022). Net income: €1.03m (down 94% from FY 2022). Profit margin: 1.2% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Apr 09
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 German stocks, typically moving 9.8% 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 Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks High level of debt (170% net debt to equity). Large one-off items impacting financial results. Market cap is less than US$100m (€29.9m market cap, or US$32.5m). Reported Earnings • Nov 19
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.002. Revenue: €17.6m (up 17% from 3Q 2022). Net income: €478.0k (up €2.66m from 3Q 2022). Profit margin: 2.7% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 03
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €23.3m (up 9.6% from 2Q 2022). Net income: €237.0k (up €2.14m from 2Q 2022). Profit margin: 1.0% (up from net loss in 2Q 2022). 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 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2022 earnings released Full year 2022 results: Revenue: €79.6m (up 14% from FY 2021). Net income: €17.3m (up €30.3m from FY 2021). Profit margin: 22% (up from net loss in FY 2021). Reported Earnings • Nov 19
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €15.1m (up 6.1% from 3Q 2021). Net loss: €2.18m (loss narrowed 14% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 28% per year. Reported Earnings • Oct 02
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €21.2m (up 21% from 2Q 2021). Net loss: €1.90m (loss widened 5.6% from 2Q 2021). Reported Earnings • Nov 16
Third quarter 2021 earnings released The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €14.2m (up 8.9% from 3Q 2020). Net loss: €2.54m (loss narrowed 25% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 03
Second quarter 2021 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €17.6m (up 17% from 2Q 2020). Net loss: €1.80m (loss narrowed 54% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 04
First half earnings released Over the last 12 months the company has reported total losses of €10.5m, with losses widening by 47% from the prior year. Total revenue was €70.3m over the last 12 months, down 10% from the prior year.