Board Change • Mar 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Andy Gray was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2022 earnings released: US$0.15 loss per share (vs US$0.11 loss in FY 2021) Full year 2022 results: US$0.15 loss per share (further deteriorated from US$0.11 loss in FY 2021). Revenue: US$66.8m (up 31% from FY 2021). Net loss: US$35.8m (loss widened 65% from FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. お知らせ • Feb 14
Nitro Software Limited to Report Fiscal Year 2022 Results on Feb 28, 2023 Nitro Software Limited announced that they will report fiscal year 2022 results on Feb 28, 2023 お知らせ • Jan 20
Nitro Software Limited to Report Q4, 2022 Results on Jan 30, 2023 Nitro Software Limited announced that they will report Q4, 2022 results on Jan 30, 2023 Buying Opportunity • Dec 19
Now 20% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be €1.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last year. Earnings per share has declined by 87%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 31% per annum over the same time period. Buying Opportunity • Jul 14
Now 21% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be €1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.11 loss per share (down from US$0.04 loss in FY 2020). Revenue: US$50.9m (up 27% from FY 2020). Net loss: US$21.7m (loss widened 188% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 34%, compared to a 15% growth forecast for the industry in Germany. Board Change • Sep 14
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. Lead Independent Director Lisa Hennessy was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
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. Lead Independent Director Lisa Hennessy was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 25
First half 2021 earnings released: US$0.045 loss per share (vs US$0.011 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: US$24.1m (up 27% from 1H 2020). Net loss: US$8.56m (loss widened 314% from 1H 2020). Executive Departure • May 25
Co-Founder & Non-Executive Director Richard Wenzel has left the company On the 20th of May, Richard Wenzel's tenure as Co-Founder & Non-Executive Director ended after 21.7 years in the role. As of March 2021, Richard personally held 1.70m shares (€2.6m worth at the time). A total of 3 executives have left over the last 12 months. Recent Insider Transactions • May 08
Co-Founder & Non-Executive Director recently sold €1.4m worth of stock On the 3rd of May, Richard Wenzel sold around 700k shares on-market at roughly €2.03 per share. In the last 3 months, they made an even bigger sale worth €12m. Richard has been a seller over the last 12 months, reducing personal holdings by €13m. Recent Insider Transactions • Mar 16
Co-Founder & Non-Executive Director recently sold €12m worth of stock On the 12th of March, Richard Wenzel sold around 8m shares on-market at roughly €1.50 per share. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Is New 90 Day High Low • Mar 06
New 90-day low: €1.59 The company is down 9.0% from its price of €1.74 on 03 December 2020. The German market is up 8.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.79 per share. Reported Earnings • Feb 26
Full year 2020 earnings released: US$0.04 loss per share (vs US$0.11 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$40.2m (up 13% from FY 2019). Net loss: US$7.54m (loss narrowed 4.9% from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 16%, compared to a 27% growth forecast for the Software industry in Germany. Is New 90 Day High Low • Nov 09
New 90-day high: €2.14 The company is up 67% from its price of €1.28 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.70 per share. Is New 90 Day High Low • Oct 24
New 90-day high: €2.10 The company is up 79% from its price of €1.17 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.69 per share. Is New 90 Day High Low • Oct 07
New 90-day high: €1.82 The company is up 86% from its price of €0.98 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 1.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: €1.47 The company is up 62% from its price of €0.91 on 19 June 2020. The German market is up 6.0% 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.