Reported Earnings • Jun 04
First quarter 2026 earnings released: €0.076 loss per share (vs €0.061 loss in 1Q 2025) First quarter 2026 results: €0.076 loss per share (further deteriorated from €0.061 loss in 1Q 2025). Revenue: €17.1m (down 23% from 1Q 2025). Net loss: €4.55m (loss widened 23% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. New Risk • Apr 24
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 24% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€16.0m market cap, or US$18.8m). Reported Earnings • Nov 20
Third quarter 2025 earnings released: €0.044 loss per share (vs €0.05 loss in 3Q 2024) Third quarter 2025 results: €0.044 loss per share (improved from €0.05 loss in 3Q 2024). Revenue: €27.9m (up 22% from 3Q 2024). Net loss: €2.64m (loss narrowed 11% from 3Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 21
Second quarter 2025 earnings released: €0.053 loss per share (vs €0.045 loss in 2Q 2024) Second quarter 2025 results: €0.053 loss per share (further deteriorated from €0.045 loss in 2Q 2024). Revenue: €26.4m (up 2.6% from 2Q 2024). Net loss: €3.23m (loss widened 18% from 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. New Risk • May 20
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €16m Forecast net loss in 2 years: €2.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€2.0m net loss in 2 years). Market cap is less than US$100m (€50.0m market cap, or US$56.2m). Reported Earnings • May 20
First quarter 2025 earnings released: €0.061 loss per share (vs €0.021 loss in 1Q 2024) First quarter 2025 results: €0.061 loss per share (further deteriorated from €0.021 loss in 1Q 2024). Revenue: €22.1m (up 27% from 1Q 2024). Net loss: €3.71m (loss widened 188% from 1Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. 공고 • May 15
Photon Energy N.V., Annual General Meeting, Jun 25, 2025 Photon Energy N.V., Annual General Meeting, Jun 25, 2025. New Risk • Nov 20
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €12m Forecast net loss in 2 years: €6.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€6.7m net loss in 2 years). Market cap is less than US$100m (€63.0m market cap, or US$66.7m). Reported Earnings • Aug 21
Second quarter 2024 earnings released: €0.049 loss per share (vs €0.048 loss in 2Q 2023) Second quarter 2024 results: €0.049 loss per share. Revenue: €25.7m (up 23% from 2Q 2023). Net loss: €2.74m (loss narrowed 17% from 2Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Germany. New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€8.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-€8.2m free cash flow). Shares are highly illiquid. 공고 • May 05
Photon Energy N.V., Annual General Meeting, Jun 14, 2024 Photon Energy N.V., Annual General Meeting, Jun 14, 2024, at 10:30 Central European Standard Time. Location: Barbara Strozzilaan 201 Amsterdam Netherlands Agenda: To consider the annual report 2023 and approval of the annual financial statements and allocation of the result; to grant discharge to the members of the Management Board of the Company; to grant discharge to the members of the Supervisory Board of the Company; to appoint the members of the Management Board proposal to re-appoint Mr. Hotar and to appoint Mr. Forth to the Management Board; to approve he amendments to the Remuneration Policy; to appoint Price water house Coopers as auditor for the financial year 2024; to grant authorization to the Management Board to acquire shares in the share capital of the Company; and to consider and approve other matters of business. Reported Earnings • Nov 16
Third quarter 2023 earnings released Third quarter 2023 results: Net income: €5.28m (down 13% from 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2023 earnings released: €0.049 loss per share (vs €0.036 profit in 2Q 2022) Second quarter 2023 results: €0.049 loss per share (down from €0.036 profit in 2Q 2022). Revenue: €21.2m (down 9.0% from 2Q 2022). Net loss: €3.28m (down 261% from profit in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 공고 • May 12
Photon Energy N.V. Announces Departure of Andrej Horansky as Group Chief Financial Officer Photon Energy N.V. announced the departure of Andrej Horansky from his position as Group CFO. The Group’s CEO Georg Hotar will assume CFO responsibilities on an interim basis until a new Group CFO is appointed, with the recruitment process to be initiated soon. Georg Hotar previously held the CFO position from the Company’s formation in 2008 until 2011 and has been actively involved in the Group’s capital markets and project financing activities as well as financial strategy and investors’ relations since his appointment as CEO in 2011. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: €0.05 (vs €0.12 loss in FY 2021) Full year 2022 results: EPS: €0.05 (up from €0.12 loss in FY 2021). Revenue: €94.2m (up 159% from FY 2021). Net income: €2.83m (up €9.24m from FY 2021). Profit margin: 3.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Recent Insider Transactions • Dec 23
Co-Founder recently sold €592k worth of stock On the 15th of December, Georg Hotar sold around 224k shares on-market at roughly €2.64 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Georg's only on-market trade for the last 12 months. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: €0.11 (vs €0.026 loss in 3Q 2021) Third quarter 2022 results: EPS: €0.11 (up from €0.026 loss in 3Q 2021). Revenue: €35.4m (up 247% from 3Q 2021). Net income: €6.04m (up €7.48m from 3Q 2021). Profit margin: 17% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electrical industry in Germany. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: €0.035 (vs €0.016 loss in 2Q 2021) Second quarter 2022 results: EPS: €0.035 (up from €0.016 loss in 2Q 2021). Revenue: €23.2m (up 136% from 2Q 2021). Net income: €2.04m (up €2.87m from 2Q 2021). Profit margin: 8.8% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 55%, compared to a 16% growth forecast for the industry in Germany. Breakeven Date Change • Jul 07
Forecast to breakeven in 2022 The 2 analysts covering Photon Energy expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €2.70m in 2022. Earnings growth of 95% is required to achieve expected profit on schedule. Reported Earnings • May 16
First quarter 2022 earnings released: €0.026 loss per share (vs €0.061 loss in 1Q 2021) First quarter 2022 results: €0.026 loss per share (up from €0.061 loss in 1Q 2021). Revenue: €9.14m (up 100% from 1Q 2021). Net loss: €1.46m (loss narrowed 53% from 1Q 2021). Over the next year, revenue is forecast to grow 66%, compared to a 11% growth forecast for the industry in Germany. Breakeven Date Change • Apr 27
Forecast to breakeven in 2022 The analyst covering Photon Energy expects the company to break even for the first time. New forecast suggests the company will make a profit of €5.30m in 2022. Earnings growth of 82% is required to achieve expected profit on schedule. Reported Earnings • Nov 11
Third quarter 2021 earnings released: €0.026 loss per share (vs €0.032 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €10.2m (up 14% from 3Q 2020). Net loss: €1.44m (loss narrowed 12% from 3Q 2020). Reported Earnings • Aug 11
Second quarter 2021 earnings released: €0.016 loss per share (vs €0.019 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: €9.86m (up 11% from 2Q 2020). Net loss: €833.0k (loss narrowed 12% from 2Q 2020). Reported Earnings • May 14
First quarter 2021 earnings released: €0.061 loss per share (vs €0.033 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €4.57m (down 14% from 1Q 2020). Net loss: €3.13m (loss widened 86% from 1Q 2020). Recent Insider Transactions • Feb 21
Co-Founder recently sold €103k worth of stock On the 15th of February, Georg Hotar sold around 32k shares on-market at roughly €3.23 per share. This was the largest sale by an insider in the last 3 months. This was Georg's only on-market trade for the last 12 months. Is New 90 Day High Low • Jan 06
New 90-day high: €3.52 The company is up 31% from its price of €2.68 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electrical industry, which is also up 31% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: €2.30 The company is down 49% from its price of €4.54 on 29 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 Electrical industry, which is up 16% over the same period. 공고 • Jul 31
Photon Energy N.V. (WSE:PEN) acquired an unknown minority stake in Raygen Resources Pty. Ltd. Photon Energy N.V. (WSE:PEN) acquired an unknown minority stake in Raygen Resources Pty. Ltd. on April 7, 2020. The companies have also entered a strategic partnership with the objective of developing global renewable energy projects suitable for the roll-out of RayGen’s unique technology.
Photon Energy N.V. (WSE:PEN) completed the acquisition of an unknown minority stake in Raygen Resources Pty. Ltd. on April 7, 2020.