공고 • Jun 09
Incuvo S.A., Annual General Meeting, Jun 30, 2026 Incuvo S.A., Annual General Meeting, Jun 30, 2026. Reported Earnings • May 20
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł2.34m (down 48% from 1Q 2025). Net loss: zł532.0k (loss widened 86% from 1Q 2025). 공고 • Nov 11
Incuvo S.A. to Report Q3, 2025 Results on Nov 13, 2025 Incuvo S.A. announced that they will report Q3, 2025 results on Nov 13, 2025 공고 • Mar 20
Incuvo S.A., Annual General Meeting, May 22, 2025 Incuvo S.A., Annual General Meeting, May 22, 2025. Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł3.26m (down 27% from 2Q 2023). Net income: zł76.0k (down 83% from 2Q 2023). Profit margin: 2.3% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower revenue. New Risk • May 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% 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 Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (€3.39m market cap, or US$3.68m). Minor Risk Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Mar 24
Full year 2023 earnings released Full year 2023 results: Revenue: zł20.5m (down 5.2% from FY 2022). Net income: zł3.03m (down 56% from FY 2022). Profit margin: 15% (down from 32% in FY 2022). The decrease in margin was primarily driven by higher expenses. 공고 • Mar 23
Incuvo S.A., Annual General Meeting, Apr 23, 2024 Incuvo S.A., Annual General Meeting, Apr 23, 2024, at 12:00 Central European Standard Time. New Risk • Nov 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 22% Last year net profit margin: 33% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€7.51m market cap, or US$8.20m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (22% net profit margin). New Risk • Nov 15
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 7.1% 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 (167% accrual ratio). Market cap is less than US$10m (€8.33m market cap, or US$9.03m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (7.1% average weekly change). New Risk • Oct 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 High level of non-cash earnings (167% accrual ratio). Market cap is less than US$10m (€7.80m market cap, or US$8.26m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Jul 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.07m (US$9.99m) 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 (167% accrual ratio). Market cap is less than US$10m (€9.07m market cap, or US$9.99m). 공고 • May 26
Incuvo S.A., Annual General Meeting, Jun 20, 2023 Incuvo S.A., Annual General Meeting, Jun 20, 2023, at 12:00 Central European Standard Time. Reported Earnings • Mar 23
Full year 2022 earnings released Full year 2022 results: Revenue: zł21.6m (up zł20.2m from FY 2021). Net income: zł6.92m (up zł7.48m from FY 2021). Profit margin: 32% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. 공고 • May 31
Incuvo S.A., Annual General Meeting, Jun 22, 2022 Incuvo S.A., Annual General Meeting, Jun 22, 2022, at 12:00 Central European Standard Time.