New Risk • Jun 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 German stocks, typically moving 11% 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 Earnings have declined by 58% per year over the past 5 years. Market cap is less than US$10m (€2.70m market cap, or US$3.08m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (zł18m revenue, or US$4.8m). 공고 • Jun 09
mPay S.A., Annual General Meeting, Jun 30, 2026 mPay S.A., Annual General Meeting, Jun 30, 2026. New Risk • Jun 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Risks Earnings have declined by 58% per year over the past 5 years. Market cap is less than US$10m (€4.36m market cap, or US$5.02m). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (zł18m revenue, or US$4.9m). 공고 • Nov 12
mPay S.A. to Report Q3, 2025 Results on Nov 14, 2025 mPay S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Aug 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (28% accrual ratio). Market cap is less than US$10m (€7.66m market cap, or US$8.45m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł9.20m (flat on 2Q 2023). Net income: zł6.8k (flat on 2Q 2023). Profit margin: 0.1% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. New Risk • Jul 26
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 German stocks, typically moving 6.9% 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 High level of non-cash earnings (38% accrual ratio). Market cap is less than US$10m (€7.95m market cap, or US$8.62m). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). New Risk • Jul 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.09m (US$9.90m) This is considered a major 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 High level of non-cash earnings (38% accrual ratio). Market cap is less than US$10m (€9.09m market cap, or US$9.90m). New Risk • Jun 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.25m (US$9.90m) This is considered a major 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 High level of non-cash earnings (38% accrual ratio). Market cap is less than US$10m (€9.25m market cap, or US$9.90m). 공고 • Jun 05
mPay S.A., Annual General Meeting, Jun 27, 2024 mPay S.A., Annual General Meeting, Jun 27, 2024. Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł17.2m (up 92% from 1Q 2023). Net income: zł138.0k (up 131% from 1Q 2023). Profit margin: 0.8% (up from 0.7% in 1Q 2023). Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł9.20m (up 41% from 2Q 2022). Net income: zł6.8k (down 58% from 2Q 2022). Profit margin: 0.1% (down from 0.3% in 2Q 2022). The decrease in margin was driven by higher expenses. 공고 • Jun 13
mPay S.A., Annual General Meeting, Jun 30, 2023 mPay S.A., Annual General Meeting, Jun 30, 2023, at 11:00 Central European Standard Time. Reported Earnings • Mar 25
Full year 2022 earnings released Full year 2022 results: Revenue: zł27.3m (up 62% from FY 2021). Net income: zł152.2k (down 1.4% from FY 2021). Profit margin: 0.6% (down from 0.9% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 20
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł7.41m (up 70% from 3Q 2021). Net income: zł9.3k (up zł353.3k from 3Q 2021). Profit margin: 0.1% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. 공고 • Jun 08
mPay S.A., Annual General Meeting, Jun 30, 2022 mPay S.A., Annual General Meeting, Jun 30, 2022, at 12:30 Central European Standard Time. Reported Earnings • May 20
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł5.14m (up 51% from 1Q 2021). Net income: zł27.5k (up 31% from 1Q 2021). Profit margin: 0.5% (down from 0.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 16
Third quarter 2021 earnings released The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: zł4.36m (up 29% from 3Q 2020). Net loss: zł344.0k (loss widened 210% from 3Q 2020).