お知らせ • Aug 26
Redan S.A. to Report Q2, 2025 Results on Sep 30, 2025 Redan S.A. announced that they will report Q2, 2025 results on Sep 30, 2025 Reported Earnings • Dec 01
Third quarter 2024 earnings released: zł0.03 loss per share (vs zł0.018 loss in 3Q 2023) Third quarter 2024 results: zł0.03 loss per share (further deteriorated from zł0.018 loss in 3Q 2023). Revenue: zł2.17m (down 87% from 3Q 2023). Net loss: zł1.01m (loss widened 57% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 10
Second quarter 2024 earnings released: zł0.37 loss per share (vs zł0.015 loss in 2Q 2023) Second quarter 2024 results: zł0.37 loss per share (further deteriorated from zł0.015 loss in 2Q 2023). Revenue: zł7.52m (down 54% from 2Q 2023). Net loss: zł13.4m (loss widened zł12.8m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year and the company’s share price has also fallen by 25% per year. New Risk • Sep 17
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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (zł7.78m market cap, or US$2.03m). New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł912k free cash flow). Market cap is less than US$10m (zł6.78m market cap, or US$1.71m). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). お知らせ • Jun 05
Redan S.A., Annual General Meeting, Jun 27, 2024 Redan S.A., Annual General Meeting, Jun 27, 2024. Reported Earnings • Jun 04
First quarter 2024 earnings released: zł0.06 loss per share (vs zł0.001 profit in 1Q 2023) First quarter 2024 results: zł0.06 loss per share (down from zł0.001 profit in 1Q 2023). Revenue: zł11.1m (down 33% from 1Q 2023). Net loss: zł2.08m (down zł2.13m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 11
Full year 2023 earnings released: EPS: zł0.07 (vs zł0.019 in FY 2022) Full year 2023 results: EPS: zł0.07. Revenue: zł67.8m (down 28% from FY 2022). Net loss: zł2.33m (down 435% from profit in FY 2022). New Risk • Nov 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). High level of non-cash earnings (60% accrual ratio). Market cap is less than US$10m (zł13.6m market cap, or US$3.40m). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Reported Earnings • Sep 12
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł16.7m (down 26% from 2Q 2022). Net loss: zł537.0k (loss narrowed 96% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Reported Earnings • Sep 12
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł16.7m (down 26% from 2Q 2022). Net loss: zł537.0k (loss narrowed 96% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Buying Opportunity • Sep 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 2.9%. The fair value is estimated to be zł0.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company has become profitable. お知らせ • Jun 04
Redan S.A., Annual General Meeting, Jun 28, 2023 Redan S.A., Annual General Meeting, Jun 28, 2023, at 10:00 Central European Standard Time. お知らせ • Oct 06
Radoslaw Wisniewski completed the acquisition of Top Secret Sp Z O O from Redan S.A. (WSE:RDN). Radoslaw Wisniewski signed a letter of intent to acquire Top Secret Sp Z O O from Redan S.A. (WSE:RDN) for PLN 0.01 million on July 17, 2020. As of August 27, 2020, Radoslaw Wisniewski entered into an agreement to acquire Top Secret Sp Z O O from Redan S.A for PLN 10 million. Under the terms of the transaction, Radoslaw Wisniewski will acquire a total of 0.02 million shares representing 100% stake in Top Secret. The transaction is subject to the necessary corporate approvals, as well as the issuance by the President of the Office of Competition and Consumer Protection of an administrative decision regarding consent to the concentration referred to in art. 18 of the Act of 16 February 2007 on competition and consumer protection.
Radoslaw Wisniewski completed the acquisition of Top Secret Sp Z O O from Redan S.A. (WSE:RDN) on October 4, 2022. お知らせ • May 20
Redan S.A., Annual General Meeting, Jun 22, 2022 Redan S.A., Annual General Meeting, Jun 22, 2022, at 10:00 Central European Standard Time. Reported Earnings • May 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł133.1m (down 64% from FY 2019). Net income: zł22.2m (up zł56.6m from FY 2019). Profit margin: 17% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 11
New 90-day high: zł0.44 The company is up 147% from its price of zł0.18 on 13 November 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: zł0.30 The company is up 63% from its price of zł0.18 on 23 October 2020. The Polish market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 35% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS zł0.78 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: zł42.4m (down 37% from 3Q 2019). Net income: zł27.7m (up 2.3% from 3Q 2019). Profit margin: 65% (up from 40% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. お知らせ • Jul 21
Radoslaw Wisniewski signed a letter of intent to acquire Top Secret Sp Z O O from Redan S.A. (WSE:RDN) for PLN 0.01 million. Radoslaw Wisniewski signed a letter of intent to acquire Top Secret Sp Z O O from Redan S.A. (WSE:RDN) for PLN 0.01 million on July 17, 2020. Under the terms of the transaction, Radoslaw Wisniewski will acquire a total of 0.02 milliion shares representing 100% stake in Top Secret. The transaction is subject to the necessary corporate approvals, as well as the issuance by the President of the Office of Competition and Consumer Protection of an administrative decision regarding consent to the concentration referred to in art. 18 of the Act of 16 February 2007 on competition and consumer protection.