View Future GrowthLavide Holding 과거 순이익 실적과거 기준 점검 0/6Lavide Holding의 수입은 연평균 -39.8%의 비율로 감소해 온 반면, IT 산업의 수입은 연간 7.9% 증가했습니다.핵심 정보-39.81%순이익 성장률-31.49%주당순이익(EPS) 성장률IT 산업 성장률15.31%매출 성장률n/a자기자본이익률-770.89%순이익률n/a최근 순이익 업데이트30 Jun 2025최근 과거 실적 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • May 17New 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 Dutch stocks, typically moving 7.8% 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 (7.8% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€4.07m market cap, or US$4.73m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (30% increase in shares outstanding).New Risk • Mar 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 6.1% 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 Less than 1 year of cash runway based on free cash flow trend (-€967k free cash flow). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.25m market cap, or US$4.93m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.1% average weekly change).New Risk • Feb 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Less than 1 year of cash runway based on free cash flow trend (-€967k free cash flow). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.08m market cap, or US$4.82m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end).New Risk • Aug 17New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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 Less than 1 year of cash runway based on free cash flow trend (-€967k free cash flow). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.29m market cap, or US$5.02m). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).공시 • Jun 09Argentex Response to Media Speculation and Rejects Lavide Holding OfferThe Board of Argentex Group PLC (AIM:AGFX) noted recent media speculation and confirmed that on 6 June 2025 it received a highly preliminary non-binding proposal ("the Proposal") from Lavide Holding N.V. (ENXTAM:LVIDE) (and not Haerlem Capital as has been reported), a Euronext listed financial holding company with a current market capitalisation of c.€3 million, to make an equity investment in Argentex through the issuance of newly issued shares in order to obtain a 50% equity interest in the Company for a cash consideration of £2.5 million. The Proposal also includes the potential provision of a £15 million credit facility to the Company upon completion. The Board wishes to clarify that it has unanimously rejected the Proposal on the basis that it does not constitute an offer for the entire issued share capital of the Company, and that its proposed funding falls materially below that provided by IFX Payments and the level that Argentex requires to continue trading and fulfil its ongoing regulatory obligations.New Risk • May 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Less than 1 year of cash runway based on free cash flow trend (-€309k free cash flow). Negative equity (-€150k). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€3.11m market cap, or US$3.52m). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).New Risk • May 02New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Negative equity (-€325k). Revenue is less than US$1m. Market cap is less than US$10m (€2.68m market cap, or US$3.03m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).공시 • Apr 02Lavide Holding N.V., Annual General Meeting, May 12, 2025Lavide Holding N.V., Annual General Meeting, May 12, 2025.New Risk • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 (16% average weekly change). Negative equity (-€325k). Revenue is less than US$1m. Market cap is less than US$10m (€2.22m market cap, or US$2.34m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).New Risk • Sep 16New 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. Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (€1.72m market cap, or US$1.91m).New Risk • Apr 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 (11% average weekly change). Negative equity (-€232k). Revenue is less than US$1m. Market cap is less than US$10m (€1.66m market cap, or US$1.77m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).New Risk • Nov 17New minor risk - Financial data availabilityThe 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-€105k). Revenue is less than US$1m. Market cap is less than US$10m (€1.20m market cap, or US$1.31m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).Is New 90 Day High Low • Feb 09New 90-day high: €0.84The company is up 150% from its price of €0.34 on 10 November 2020. The Dutch market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 19% over the same period.Is New 90 Day High Low • Jan 11New 90-day high: €0.46The company is up 77% from its price of €0.26 on 13 October 2020. The Dutch market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 2.0% over the same period.Is New 90 Day High Low • Nov 11New 90-day high: €0.34The company is up 16% from its price of €0.29 on 12 August 2020. The Dutch market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 12% over the same period.Is New 90 Day High Low • Oct 21New 90-day high: €0.32The company is up 7.0% from its price of €0.30 on 23 July 2020. The Dutch market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 12% over the same period.Is New 90 Day High Low • Oct 05New 90-day low: €0.25The company is down 37% from its price of €0.39 on 07 July 2020. The Dutch market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 16% over the same period.매출 및 비용 세부 내역Lavide Holding가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이ENXTAM:LVIDE 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비30 Jun 250-11031 Mar 250-11031 Dec 24000030 Jun 24000031 Mar 24000031 Dec 23000030 Sep 23000030 Jun 23000031 Mar 23000031 Dec 22000030 Sep 22000030 Jun 22000031 Mar 22000031 Dec 21000030 Sep 21000030 Jun 21000031 Mar 21000031 Dec 20000030 Sep 20000030 Jun 20000031 Mar 20000031 Dec 19000030 Sep 190-10030 Jun 190-10031 Mar 190-10031 Dec 180-10030 Sep 180-10030 Jun 180-10031 Mar 180-10031 Dec 170-10030 Sep 17000030 Jun 17000031 Mar 17000031 Dec 16000030 Sep 16000030 Jun 16000031 Mar 16000031 Dec 15000030 Sep 150000양질의 수익: LVIDE 은(는) 현재 수익성이 없습니다.이익 마진 증가: LVIDE는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: LVIDE은 수익성이 없으며 지난 5년 동안 손실이 연평균 39.8% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 LVIDE의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: LVIDE은 수익성이 없어 지난 해 수익 성장률을 IT 업계(-1.5%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: LVIDE는 현재 수익성이 없으므로 자본 수익률이 음수(-770.89%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 20:56종가2026/05/21 00:00수익2025/06/30연간 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 소스Lavide Holding N.V.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
New Risk • May 17New 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 Dutch stocks, typically moving 7.8% 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 (7.8% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€4.07m market cap, or US$4.73m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (30% increase in shares outstanding).
New Risk • Mar 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 6.1% 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 Less than 1 year of cash runway based on free cash flow trend (-€967k free cash flow). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.25m market cap, or US$4.93m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.1% average weekly change).
New Risk • Feb 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Less than 1 year of cash runway based on free cash flow trend (-€967k free cash flow). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.08m market cap, or US$4.82m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end).
New Risk • Aug 17New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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 Less than 1 year of cash runway based on free cash flow trend (-€967k free cash flow). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.29m market cap, or US$5.02m). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
공시 • Jun 09Argentex Response to Media Speculation and Rejects Lavide Holding OfferThe Board of Argentex Group PLC (AIM:AGFX) noted recent media speculation and confirmed that on 6 June 2025 it received a highly preliminary non-binding proposal ("the Proposal") from Lavide Holding N.V. (ENXTAM:LVIDE) (and not Haerlem Capital as has been reported), a Euronext listed financial holding company with a current market capitalisation of c.€3 million, to make an equity investment in Argentex through the issuance of newly issued shares in order to obtain a 50% equity interest in the Company for a cash consideration of £2.5 million. The Proposal also includes the potential provision of a £15 million credit facility to the Company upon completion. The Board wishes to clarify that it has unanimously rejected the Proposal on the basis that it does not constitute an offer for the entire issued share capital of the Company, and that its proposed funding falls materially below that provided by IFX Payments and the level that Argentex requires to continue trading and fulfil its ongoing regulatory obligations.
New Risk • May 04New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Less than 1 year of cash runway based on free cash flow trend (-€309k free cash flow). Negative equity (-€150k). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€3.11m market cap, or US$3.52m). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).
New Risk • May 02New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Negative equity (-€325k). Revenue is less than US$1m. Market cap is less than US$10m (€2.68m market cap, or US$3.03m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).
공시 • Apr 02Lavide Holding N.V., Annual General Meeting, May 12, 2025Lavide Holding N.V., Annual General Meeting, May 12, 2025.
New Risk • Nov 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 (16% average weekly change). Negative equity (-€325k). Revenue is less than US$1m. Market cap is less than US$10m (€2.22m market cap, or US$2.34m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).
New Risk • Sep 16New 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. Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (€1.72m market cap, or US$1.91m).
New Risk • Apr 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 (11% average weekly change). Negative equity (-€232k). Revenue is less than US$1m. Market cap is less than US$10m (€1.66m market cap, or US$1.77m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).
New Risk • Nov 17New minor risk - Financial data availabilityThe 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-€105k). Revenue is less than US$1m. Market cap is less than US$10m (€1.20m market cap, or US$1.31m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).
Is New 90 Day High Low • Feb 09New 90-day high: €0.84The company is up 150% from its price of €0.34 on 10 November 2020. The Dutch market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 19% over the same period.
Is New 90 Day High Low • Jan 11New 90-day high: €0.46The company is up 77% from its price of €0.26 on 13 October 2020. The Dutch market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Nov 11New 90-day high: €0.34The company is up 16% from its price of €0.29 on 12 August 2020. The Dutch market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 12% over the same period.
Is New 90 Day High Low • Oct 21New 90-day high: €0.32The company is up 7.0% from its price of €0.30 on 23 July 2020. The Dutch market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 12% over the same period.
Is New 90 Day High Low • Oct 05New 90-day low: €0.25The company is down 37% from its price of €0.39 on 07 July 2020. The Dutch market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 16% over the same period.