Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. President, CEO & Director Rose Bentley was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. President, CEO & Director Rose Bentley was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: US$0.075 loss per share (vs US$0.21 loss in 3Q 2021) Third quarter 2022 results: US$0.075 loss per share (improved from US$0.21 loss in 3Q 2021). Revenue: US$5.47m (down 15% from 3Q 2021). Net loss: US$1.37m (loss narrowed 64% from 3Q 2021). Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 12
Second quarter 2022 earnings released: US$0.14 loss per share (vs US$0.24 loss in 2Q 2021) Second quarter 2022 results: US$0.14 loss per share (up from US$0.24 loss in 2Q 2021). Revenue: US$5.13m (down 13% from 2Q 2021). Net loss: US$2.62m (loss narrowed 39% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 33% per year. Reported Earnings • Mar 19
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$0.93 loss per share (down from US$0.68 loss in FY 2020). Revenue: US$24.0m (down 17% from FY 2020). Net loss: US$16.4m (loss widened 78% from FY 2020). Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 30
Third quarter 2021 earnings released: US$0.21 loss per share (vs US$0.14 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$6.43m (down 3.1% from 3Q 2020). Net loss: US$3.75m (loss widened 102% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Executive Departure • Sep 15
Chief Financial Officer David Ristow has left the company During their tenure, earnings grew by 15% annually compared to the industry average of 10%. On the 10th of September, David Ristow left the company after 3.8 in the role. As of June 2021, David still personally held 127.58k shares (€304k worth at the time). David is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • Sep 05
Chief Financial Officer recently sold €111k worth of stock On the 1st of September, David Ristow sold around 45k shares on-market at roughly €2.47 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Jul 31
Second quarter 2021 earnings released: US$0.24 loss per share (vs US$0.051 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: US$5.87m (down 37% from 2Q 2020). Net loss: US$4.32m (loss widened US$3.63m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • May 02
First quarter 2021 earnings released: US$0.27 loss per share (vs US$0.20 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: US$5.82m (down 6.5% from 1Q 2020). Net loss: US$4.45m (loss widened 67% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 05
Full year 2020 earnings released: US$0.68 loss per share (vs US$0.62 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$29.1m (up 15% from FY 2019). Net loss: US$9.20m (loss widened 43% from FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue misses expectations Revenue missed analyst estimates by 0.04%. Over the next year, revenue is forecast to grow 20%, compared to a 25% growth forecast for the Software industry in Germany. Is New 90 Day High Low • Feb 04
New 90-day high: €7.50 The company is up 74% from its price of €4.30 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: €6.40 The company is up 77% from its price of €3.62 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.28 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €4.86 The company is up 4.0% from its price of €4.68 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.30 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of US$6.89m, with losses widening by 45% from the prior year. Total revenue was US$28.4m over the last 12 months, up 9.2% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 1.8% at US$6.63m. Revenue is forecast to grow 14% over the next year, compared to a 14% growth forecast for the Software industry in Germany. Is New 90 Day High Low • Oct 07
New 90-day low: €3.62 The company is down 6.0% from its price of €3.86 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.