Breakeven Date Change • May 21
Forecast breakeven date pushed back to 2027 The 2 analysts covering Pyramid previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 75% per year to 2026. The company is expected to make a profit of €1.10m in 2027. Average annual earnings growth of 62% is required to achieve expected profit on schedule. Price Target Changed • May 21
Price target decreased by 45% to €3.30 Down from €6.00, the current price target is provided by 1 analyst. New target price is 150% above last closing price of €1.32. Stock is down 63% over the past year. The company is forecast to post a net loss per share of €1.79 next year compared to a net loss per share of €0.55 last year. お知らせ • Jul 18
Pyramid AG, Annual General Meeting, Aug 26, 2025 Pyramid AG, Annual General Meeting, Aug 26, 2025, at 14:00 W. Europe Standard Time. お知らせ • Apr 25
Pyramid AG (XTRA:M3BK) acquired RNT Rausch GmbH from Securize IT Solutions AG (MUN:M14K) for approximately €2.5 million. Pyramid AG (XTRA:M3BK) acquired RNT Rausch GmbH from Securize IT Solutions AG (MUN:M14K) for approximately €2.5 million on April 24, 2025. As part of consideration, a cash purchase price of €2.5 million is paid towards common equity of RNT Rausch GmbH, as well as a debtor warrant valuing RNT at 6.95 times its 2025 EBITDA and providing an earn-out of 20% of RNT's 2026 EBITDA. Pyramid is entitled to pay up to 80% of any additional purchase price resulting from the debtor warrant in its own shares. In a related transaction, Pyramid sold its shareholdings in Smarteag AG, Munich (including Smarteag AG's shareholding in fibrisTerre Systems GmbH, Berlin) and in 4industries AG, Munich, as well as its receivables from loans and ongoing business activities against Smarteag AG and 4industries AG to Securize IT Solutions AG, as both companies are not part of the core business of the Pyramid Group.
Pyramid AG (XTRA:M3BK) completed the acquisition of RNT Rausch GmbH from Securize IT Solutions AG (MUN:M14K) for approximately €2.5 million on April 24, 2025. New Risk • Nov 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Market cap is less than US$100m (€23.1m market cap, or US$24.9m). New Risk • Sep 30
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 13% 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 (13% average weekly change). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€25.7m market cap, or US$28.6m). Price Target Changed • Aug 28
Price target decreased by 18% to €2.00 Down from €2.45, the current price target is an average from 2 analysts. New target price is 111% above last closing price of €0.95. Stock is down 36% over the past year. The company is forecast to post earnings per share of €0.07 next year compared to a net loss per share of €0.22 last year. お知らせ • Aug 01
Pyramid AG, Annual General Meeting, Sep 06, 2024 Pyramid AG, Annual General Meeting, Sep 06, 2024, at 13:00 W. Europe Standard Time. New Risk • Jul 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€22.8m market cap, or US$24.4m). New Risk • Nov 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€31.0m market cap, or US$33.2m).