View Past PerformanceThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest Eventslearnd 대차대조표 건전성재무 건전성 기준 점검 0/6learnd 의 총 주주 지분은 £-1.8M 이고 총 부채는 £19.7M, 이는 부채 대 자기자본 비율을 -1090.6% 로 가져옵니다. 총자산과 총부채는 각각 £46.2M 및 £48.0M 입니다.핵심 정보-1,090.62%부채/자본 비율UK£19.65m부채이자보상배율n/a현금UK£3.44m자본-UK£1.80m총부채UK£47.98m총자산UK£46.18m최근 재무 건전성 업데이트업데이트 없음모든 업데이트 보기Recent updates분석 기사 • Aug 12Slammed 27% learnd SE (ETR:LRND) Screens Well Here But There Might Be A Catchlearnd SE ( ETR:LRND ) shareholders won't be pleased to see that the share price has had a very rough month, dropping...Valuation Update With 7 Day Price Move • Aug 11Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to €2.70, the stock trades at a trailing P/E ratio of 9.2x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total loss to shareholders of 73% over the past three years.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €3.68, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 15x in the Commercial Services industry in Germany. Total loss to shareholders of 63% over the past three years.Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €4.40, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 56% over the past three years.분석 기사 • May 31learnd SE (ETR:LRND) Stock's 34% Dive Might Signal An Opportunity But It Requires Some ScrutinyUnfortunately for some shareholders, the learnd SE ( ETR:LRND ) share price has dived 34% in the last thirty days...Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €4.50, the stock trades at a forward P/E ratio of 190x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 55% over the past three years.New Risk • May 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-UK£1.8m). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€64.7m market cap, or US$73.0m).Breakeven Date Change • May 20Forecast to breakeven in 2025The analyst covering learnd expects the company to break even for the first time. New forecast suggests the company will make a profit of UK£200.0k in 2025. Average annual earnings growth of 16% is required to achieve expected profit on schedule.New Risk • Apr 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-UK£3.6m). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€67.4m market cap, or US$76.6m).Breakeven Date Change • Apr 29Forecast to breakeven in 2025The analyst covering learnd expects the company to break even for the first time. New forecast suggests the company will make a profit of UK£200.0k in 2025. Average annual earnings growth of 16% is required to achieve expected profit on schedule.New Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-UK£3.6m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€77.1m market cap, or US$87.8m).New Risk • Mar 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-UK£3.6m). Minor Risk Market cap is less than US$100m (€48.2m market cap, or US$52.1m).New Risk • Feb 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% 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 Negative equity (-UK£3.6m). Earnings have declined by 64% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).분석 기사 • Feb 12Investors Met With Slowing Returns on Capital At learnd (ETR:LRND)There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...New Risk • Feb 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €88.8m (US$91.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£3.6m). Earnings have declined by 64% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€88.8m market cap, or US$91.8m).Reported Earnings • Oct 06First half 2024 earnings released: EPS: UK£0.33 (vs UK£3.97 loss in 1H 2023)First half 2024 results: EPS: UK£0.33 (up from UK£3.97 loss in 1H 2023). Revenue: UK£25.2m (up 78% from 1H 2023). Net income: UK£4.50m (up UK£48.7m from 1H 2023). Profit margin: 18% (up from net loss in 1H 2023).New Risk • Oct 03New major risk - Revenue and earnings growthEarnings have declined by 64% 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 Negative equity (-UK£3.6m). Earnings have declined by 64% per year over the past 5 years.분석 기사 • Sep 19Revenues Tell The Story For learnd SE (ETR:LRND)When close to half the companies in the Commercial Services industry in Germany have price-to-sales ratios (or "P/S...공시 • May 22learnd SE, Annual General Meeting, Jun 19, 2024learnd SE, Annual General Meeting, Jun 19, 2024, at 12:30 W. Europe Standard Time. Location: at 41a, avenue john f. kennedy, grand duchy of luxembourg, l-2082 luxembourg. Luxembourg공시 • Apr 26learnd SE to Report Fiscal Year 2023 Results on Apr 30, 2024learnd SE announced that they will report fiscal year 2023 results on Apr 30, 2024New Risk • Apr 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% 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 Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).New Risk • Dec 31New major risk - Financial data availabilityThe 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. Shareholders have been substantially diluted in the past year (124% increase in shares outstanding).Reported Earnings • Oct 06Second quarter 2022 earnings releasedSecond quarter 2022 results: EPS: UK£0.072. Net income: UK£523.1k (up UK£523.1k from 2Q 2021).공시 • Sep 24learnd SE to Report First Half, 2023 Results on Sep 29, 2023learnd SE announced that they will report first half, 2023 results on Sep 29, 2023New Risk • Jul 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Shareholders have been substantially diluted in the past year (124% increase in shares outstanding). Minor Risk Latest financial reports are more than 6 months old (reported June 2022 fiscal period end).재무 상태 분석단기부채: LRND 에는 음의 주주 지분이 있는데, 이는 단기 부채를 감당하지 못하는 단기 자산보다 더 심각한 상황입니다.장기 부채: LRND는 마이너스 주주 지분을 갖고 있어 장기 부채를 충당하지 못하는 단기 자산보다 더 심각한 상황입니다.부채/자본 비율 추이 및 분석부채 수준: LRND 은 부정주주자본을 갖고 있는데, 이는 높은 부채 수준보다 더 심각한 상황입니다.부채 감소: LRND는 주주 지분이 음수이므로 부채가 시간이 지남에 따라 감소했는지 확인할 필요가 없습니다.부채 범위: LRND 의 부채는 영업 현금 흐름 ( 2.9% )에 의해 잘 갚지 않음입니다.이자 보장: LRND 의 부채에 대한 이자 지급이 EBIT에 의해 잘 충당되었는지 판단할 데이터가 부족합니다.대차대조표건전한 기업 찾아보기7D1Y7D1Y7D1YCommercial-services 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/09/01 03:40종가2025/08/22 00:00수익2024/12/31연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스learnd SE는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Knut WollerBaader Helvea Equity ResearchChristian SandherrNuWays AGSarah HellemannNuWays AG
분석 기사 • Aug 12Slammed 27% learnd SE (ETR:LRND) Screens Well Here But There Might Be A Catchlearnd SE ( ETR:LRND ) shareholders won't be pleased to see that the share price has had a very rough month, dropping...
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to €2.70, the stock trades at a trailing P/E ratio of 9.2x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total loss to shareholders of 73% over the past three years.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €3.68, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 15x in the Commercial Services industry in Germany. Total loss to shareholders of 63% over the past three years.
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €4.40, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 56% over the past three years.
분석 기사 • May 31learnd SE (ETR:LRND) Stock's 34% Dive Might Signal An Opportunity But It Requires Some ScrutinyUnfortunately for some shareholders, the learnd SE ( ETR:LRND ) share price has dived 34% in the last thirty days...
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €4.50, the stock trades at a forward P/E ratio of 190x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 55% over the past three years.
New Risk • May 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-UK£1.8m). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€64.7m market cap, or US$73.0m).
Breakeven Date Change • May 20Forecast to breakeven in 2025The analyst covering learnd expects the company to break even for the first time. New forecast suggests the company will make a profit of UK£200.0k in 2025. Average annual earnings growth of 16% is required to achieve expected profit on schedule.
New Risk • Apr 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-UK£3.6m). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€67.4m market cap, or US$76.6m).
Breakeven Date Change • Apr 29Forecast to breakeven in 2025The analyst covering learnd expects the company to break even for the first time. New forecast suggests the company will make a profit of UK£200.0k in 2025. Average annual earnings growth of 16% is required to achieve expected profit on schedule.
New Risk • Apr 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-UK£3.6m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€77.1m market cap, or US$87.8m).
New Risk • Mar 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-UK£3.6m). Minor Risk Market cap is less than US$100m (€48.2m market cap, or US$52.1m).
New Risk • Feb 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% 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 Negative equity (-UK£3.6m). Earnings have declined by 64% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).
분석 기사 • Feb 12Investors Met With Slowing Returns on Capital At learnd (ETR:LRND)There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
New Risk • Feb 11New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €88.8m (US$91.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£3.6m). Earnings have declined by 64% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€88.8m market cap, or US$91.8m).
Reported Earnings • Oct 06First half 2024 earnings released: EPS: UK£0.33 (vs UK£3.97 loss in 1H 2023)First half 2024 results: EPS: UK£0.33 (up from UK£3.97 loss in 1H 2023). Revenue: UK£25.2m (up 78% from 1H 2023). Net income: UK£4.50m (up UK£48.7m from 1H 2023). Profit margin: 18% (up from net loss in 1H 2023).
New Risk • Oct 03New major risk - Revenue and earnings growthEarnings have declined by 64% 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 Negative equity (-UK£3.6m). Earnings have declined by 64% per year over the past 5 years.
분석 기사 • Sep 19Revenues Tell The Story For learnd SE (ETR:LRND)When close to half the companies in the Commercial Services industry in Germany have price-to-sales ratios (or "P/S...
공시 • May 22learnd SE, Annual General Meeting, Jun 19, 2024learnd SE, Annual General Meeting, Jun 19, 2024, at 12:30 W. Europe Standard Time. Location: at 41a, avenue john f. kennedy, grand duchy of luxembourg, l-2082 luxembourg. Luxembourg
공시 • Apr 26learnd SE to Report Fiscal Year 2023 Results on Apr 30, 2024learnd SE announced that they will report fiscal year 2023 results on Apr 30, 2024
New Risk • Apr 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% 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 Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).
New Risk • Dec 31New major risk - Financial data availabilityThe 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. Shareholders have been substantially diluted in the past year (124% increase in shares outstanding).
Reported Earnings • Oct 06Second quarter 2022 earnings releasedSecond quarter 2022 results: EPS: UK£0.072. Net income: UK£523.1k (up UK£523.1k from 2Q 2021).
공시 • Sep 24learnd SE to Report First Half, 2023 Results on Sep 29, 2023learnd SE announced that they will report first half, 2023 results on Sep 29, 2023
New Risk • Jul 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Shareholders have been substantially diluted in the past year (124% increase in shares outstanding). Minor Risk Latest financial reports are more than 6 months old (reported June 2022 fiscal period end).