View Future GrowthBras 과거 순이익 실적과거 기준 점검 0/6Bras 의 수입은 연평균 -64.1%의 비율로 감소해 온 반면, Professional Services 산업은 연평균 20.7%의 비율로 증가했습니다. 매출은 연평균 25.8%의 비율로 증가해 왔습니다.핵심 정보-64.11%순이익 성장률-63.50%주당순이익(EPS) 성장률Professional Services 산업 성장률23.49%매출 성장률25.83%자기자본이익률-35.36%순이익률-35.66%다음 순이익 업데이트10 Aug 2026최근 과거 실적 업데이트Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: zł0 (vs zł0.002 loss in 3Q 2024)Third quarter 2025 results: EPS: zł0 (improved from zł0.002 loss in 3Q 2024). Revenue: zł1.09m (down 47% from 3Q 2024). Net income: zł17.5k (up zł196.5k from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024).Reported Earnings • May 19First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł1.06m (down 52% from 1Q 2024). Net income: zł104.7k (up zł463.7k from 1Q 2024). Profit margin: 9.9% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 26Full year 2024 earnings released: zł0.007 loss per share (vs zł0.015 loss in FY 2023)Full year 2024 results: zł0.007 loss per share (improved from zł0.015 loss in FY 2023). Revenue: zł8.58m (down 26% from FY 2023). Net loss: zł601.4k (loss narrowed 56% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł2.31m (up 202% from 2Q 2023). Net loss: zł226.0k (down zł251.1k from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł2.20m (up 91% from 1Q 2023). Net loss: zł359.0k (down 312% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings.공시 • Feb 14Bras S.A. to Report Fiscal Year 2023 Results on Mar 20, 2024Bras S.A. announced that they will report fiscal year 2023 results on Mar 20, 2024모든 업데이트 보기Recent updates공시 • Jun 03Bras S.A., Annual General Meeting, Jun 26, 2026Bras S.A., Annual General Meeting, Jun 26, 2026, at 15:00 Central European Standard Time.New Risk • Jun 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 (-zł4.3m free cash flow). Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (zł20.6m market cap, or US$5.68m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Revenue is less than US$5m (zł5.2m revenue, or US$1.4m).분석 기사 • Feb 05Is Bras (WSE:BSA) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: zł0 (vs zł0.002 loss in 3Q 2024)Third quarter 2025 results: EPS: zł0 (improved from zł0.002 loss in 3Q 2024). Revenue: zł1.09m (down 47% from 3Q 2024). Net income: zł17.5k (up zł196.5k from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024).분석 기사 • Oct 02Bras (WSE:BSA) Seems To Be Using A Lot Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Sep 16New 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 Less than 1 year of cash runway based on free cash flow trend (-zł1.9m free cash flow). Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (zł18.8m market cap, or US$5.26m). Minor Risk Revenue is less than US$5m (zł6.2m revenue, or US$1.7m).New Risk • May 19New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł2.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-zł2.9m free cash flow). Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (zł19.5m market cap, or US$5.15m). Minor Risk Revenue is less than US$5m (zł7.4m revenue, or US$2.0m).Reported Earnings • May 19First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł1.06m (down 52% from 1Q 2024). Net income: zł104.7k (up zł463.7k from 1Q 2024). Profit margin: 9.9% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 26Full year 2024 earnings released: zł0.007 loss per share (vs zł0.015 loss in FY 2023)Full year 2024 results: zł0.007 loss per share (improved from zł0.015 loss in FY 2023). Revenue: zł8.58m (down 26% from FY 2023). Net loss: zł601.4k (loss narrowed 56% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.분석 기사 • Mar 25Does Bras (WSE:BSA) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Dec 04Does Bras (WSE:BSA) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł2.31m (up 202% from 2Q 2023). Net loss: zł226.0k (down zł251.1k from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.공시 • Jun 05Bras S.A., Annual General Meeting, Jun 26, 2024Bras S.A., Annual General Meeting, Jun 26, 2024.Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł2.20m (up 91% from 1Q 2023). Net loss: zł359.0k (down 312% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings.New Risk • Apr 16New major risk - Revenue and earnings growthEarnings have declined by 5.5% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. Market cap is less than US$10m (zł18.5m market cap, or US$4.56m). Minor Risk Revenue is less than US$5m (zł12m revenue, or US$2.9m).분석 기사 • Mar 28Is Bras (WSE:BSA) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...공시 • Feb 14Bras S.A. to Report Fiscal Year 2023 Results on Mar 20, 2024Bras S.A. announced that they will report fiscal year 2023 results on Mar 20, 2024분석 기사 • Feb 13Investor Optimism Abounds Bras S.A. (WSE:BSA) But Growth Is LackingWhen close to half the companies in Poland have price-to-earnings ratios (or "P/E's") below 12x, you may consider Bras...공시 • Feb 02+ 4 more updatesBras S.A. to Report Fiscal Year 2023 Results on May 28, 2024Bras S.A. announced that they will report fiscal year 2023 results on May 28, 2024New Risk • Dec 28New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (zł29.1m market cap, or US$7.45m). Minor Risk Revenue is less than US$5m (zł4.3m revenue, or US$1.1m).공시 • Oct 31Bras S.A. to Report Fiscal Year 2022 Results on Nov 20, 2023Bras S.A. announced that they will report fiscal year 2022 results on Nov 20, 2023공시 • May 31Bras S.A. to Report Fiscal Year 2022 Results on Jul 31, 2023Bras S.A. announced that they will report fiscal year 2022 results on Jul 31, 2023공시 • Feb 03+ 4 more updatesBras S.A. to Report Q1, 2022 Results on May 15, 2023Bras S.A. announced that they will report Q1, 2022 results on May 15, 2023공시 • Nov 05Bras S.A. to Report Fiscal Year 2021 Results on Dec 31, 2022Bras S.A. announced that they will report fiscal year 2021 results on Dec 31, 2022공시 • Aug 03Bras S.A. to Report Fiscal Year 2021 Final Results on Sep 30, 2022Bras S.A. announced that they will report fiscal year 2021 final results on Sep 30, 2022공시 • Jul 02Bras S.A. to Report Fiscal Year 2022 Results on Jul 31, 2022Bras S.A. announced that they will report fiscal year 2022 results on Jul 31, 2022Reported Earnings • May 20First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł838.5k (up 21% from 1Q 2021). Net income: zł8.7k (down 95% from 1Q 2021). Profit margin: 1.0% (down from 23% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • May 09Is Bras (WSE:BSA) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Feb 25Here's Why I Think Bras (WSE:BSA) Is An Interesting StockIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: zł0.005 (up from zł0.003 in FY 2020). Revenue: zł2.73m (up 13% from FY 2020). Net income: zł441.9k (up 148% from FY 2020). Profit margin: 16% (up from 7.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 99% per year, which means it is well ahead of earnings.공시 • Feb 02+ 4 more updatesBras S.A. to Report Fiscal Year 2021 Results on May 31, 2022Bras S.A. announced that they will report fiscal year 2021 results on May 31, 2022Buying Opportunity • Jan 17Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be zł0.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% per annum over the last 3 years. The company has become profitable over the last year.Reported Earnings • Nov 19Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: zł662.6k (down 4.5% from 3Q 2020). Net income: zł47.7k (up zł276.5k from 3Q 2020). Profit margin: 7.2% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 135% per year, which means it is well ahead of earnings.분석 기사 • Oct 28Does Bras (WSE:BSA) Deserve A Spot On Your Watchlist?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Reported Earnings • Aug 19Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł661.1k (up 34% from 2Q 2020). Net income: zł108.6k (up zł139.9k from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 158% per year, which means it is well ahead of earnings.분석 기사 • May 31Does Bras (WSE:BSA) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is New 90 Day High Low • Mar 02New 90-day high: zł0.81The company is up 216% from its price of zł0.26 on 02 December 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 20% over the same period.Reported Earnings • Feb 20Full year 2020 earnings released: EPS zł0.003 (vs zł0.004 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: zł2.46m (down 11% from FY 2019). Net income: zł177.2k (down 11% from FY 2019). Profit margin: 7.2% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 159% per year, which means it is well ahead of earnings.분석 기사 • Feb 14Bras (WSE:BSA) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...공시 • Feb 04An unknown buyer acquired 9.89% stake in Bras S.A. (WSE:BSA).An unknown buyer acquired 9.89% stake in Bras S.A. (WSE:BSA) on February 1, 2021. An unknown buyer completed the acquisition of 9.89% stake in Bras S.A. (WSE:BSA) on February 1, 2021.Is New 90 Day High Low • Jan 29New 90-day high: zł0.48The company is up 79% from its price of zł0.27 on 30 October 2020. The Polish market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 50% over the same period.공시 • Jan 14+ 4 more updatesBras S.A. to Report Fiscal Year 2021 Results on May 31, 2021Bras S.A. announced that they will report fiscal year 2021 results on May 31, 2021Is New 90 Day High Low • Jan 12New 90-day high: zł0.37The company is up 15% from its price of zł0.32 on 14 October 2020. The Polish market is up 19% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Professional Services industry, which is also up 15% over the same period.Is New 90 Day High Low • Nov 05New 90-day low: zł0.26The company is down 66% from its price of zł0.76 on 06 August 2020. The Polish market is down 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is down 32% over the same period.공시 • Jun 19Bras S.A. announced that it expects to receive PLN 7.6 million in fundingBras S.A. (WSE:BSA) announced a private placement of 38,000,000 series E1 shares at a par price of PLN 0.2 per share for gross proceeds of PLN 7,600,000 on June 10, 2020. Before the closing of the transaction, the share capital of the company is PLN 10,170,240 divided into 50,851,200 shares, which includes 446,890 series A1 shares of par value PLN 0.2 per share, 127,000 series B1 shares of par value of PLN 0.2 per share, 61,750 series C1 shares of par value of PLN 0.2 per share, and 50,215,560 series D1 shares of par value of PLN 0.2 per share. Post transaction, the share capital of the company will increase to PLN 17,770,240 divided into 88,851,200 shares, which will include 38,000,000 series E1 shares of par value of PLN 0.2 per share. The transaction has been approved by the supervisory board of the company, and is expected to close by June 24, 2020. On June 17, 2020, the management board of the company approved the transaction.매출 및 비용 세부 내역Bras가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이WSE:BSA 매출, 비용 및 순이익 (PLN Millions)날짜매출순이익일반관리비연구개발비30 Sep 255-22030 Jun 256-23031 Mar 257-34031 Dec 249-36030 Sep 2415-311030 Jun 2414-210031 Mar 2413-29031 Dec 2312-18030 Sep 231107030 Jun 231107031 Mar 231107031 Dec 2211-17030 Sep 22301030 Jun 22301031 Mar 22301031 Dec 21301030 Sep 21311030 Jun 21301031 Mar 21201031 Dec 20201030 Sep 20301030 Jun 20301031 Mar 20301031 Dec 19301030 Sep 19301030 Jun 19301031 Mar 19301031 Dec 18301030 Sep 18301030 Jun 18301031 Mar 18301031 Dec 17301030 Sep 17301030 Jun 173-11031 Mar 170-10031 Dec 163-11030 Sep 162-11030 Jun 16201031 Mar 16100031 Dec 15000030 Sep 150-60030 Jun 150-500양질의 수익: BSA 은(는) 현재 수익성이 없습니다.이익 마진 증가: BSA는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BSA은 수익성이 없으며 지난 5년 동안 손실이 연평균 64.1% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 BSA의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: BSA은 수익성이 없어 지난 해 수익 성장률을 Professional Services 업계(69.4%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: BSA는 현재 수익성이 없으므로 자본 수익률이 음수(-35.36%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCommercial-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/17 01:17종가2026/06/17 00:00수익2025/09/30연간 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 소스Bras S.A.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.
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: zł0 (vs zł0.002 loss in 3Q 2024)Third quarter 2025 results: EPS: zł0 (improved from zł0.002 loss in 3Q 2024). Revenue: zł1.09m (down 47% from 3Q 2024). Net income: zł17.5k (up zł196.5k from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024).
Reported Earnings • May 19First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł1.06m (down 52% from 1Q 2024). Net income: zł104.7k (up zł463.7k from 1Q 2024). Profit margin: 9.9% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 26Full year 2024 earnings released: zł0.007 loss per share (vs zł0.015 loss in FY 2023)Full year 2024 results: zł0.007 loss per share (improved from zł0.015 loss in FY 2023). Revenue: zł8.58m (down 26% from FY 2023). Net loss: zł601.4k (loss narrowed 56% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł2.31m (up 202% from 2Q 2023). Net loss: zł226.0k (down zł251.1k from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł2.20m (up 91% from 1Q 2023). Net loss: zł359.0k (down 312% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings.
공시 • Feb 14Bras S.A. to Report Fiscal Year 2023 Results on Mar 20, 2024Bras S.A. announced that they will report fiscal year 2023 results on Mar 20, 2024
공시 • Jun 03Bras S.A., Annual General Meeting, Jun 26, 2026Bras S.A., Annual General Meeting, Jun 26, 2026, at 15:00 Central European Standard Time.
New Risk • Jun 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 (-zł4.3m free cash flow). Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (zł20.6m market cap, or US$5.68m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Revenue is less than US$5m (zł5.2m revenue, or US$1.4m).
분석 기사 • Feb 05Is Bras (WSE:BSA) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: zł0 (vs zł0.002 loss in 3Q 2024)Third quarter 2025 results: EPS: zł0 (improved from zł0.002 loss in 3Q 2024). Revenue: zł1.09m (down 47% from 3Q 2024). Net income: zł17.5k (up zł196.5k from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024).
분석 기사 • Oct 02Bras (WSE:BSA) Seems To Be Using A Lot Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Sep 16New 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 Less than 1 year of cash runway based on free cash flow trend (-zł1.9m free cash flow). Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (zł18.8m market cap, or US$5.26m). Minor Risk Revenue is less than US$5m (zł6.2m revenue, or US$1.7m).
New Risk • May 19New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł2.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-zł2.9m free cash flow). Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (zł19.5m market cap, or US$5.15m). Minor Risk Revenue is less than US$5m (zł7.4m revenue, or US$2.0m).
Reported Earnings • May 19First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł1.06m (down 52% from 1Q 2024). Net income: zł104.7k (up zł463.7k from 1Q 2024). Profit margin: 9.9% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 26Full year 2024 earnings released: zł0.007 loss per share (vs zł0.015 loss in FY 2023)Full year 2024 results: zł0.007 loss per share (improved from zł0.015 loss in FY 2023). Revenue: zł8.58m (down 26% from FY 2023). Net loss: zł601.4k (loss narrowed 56% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
분석 기사 • Mar 25Does Bras (WSE:BSA) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Dec 04Does Bras (WSE:BSA) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł2.31m (up 202% from 2Q 2023). Net loss: zł226.0k (down zł251.1k from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
공시 • Jun 05Bras S.A., Annual General Meeting, Jun 26, 2024Bras S.A., Annual General Meeting, Jun 26, 2024.
Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł2.20m (up 91% from 1Q 2023). Net loss: zł359.0k (down 312% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings.
New Risk • Apr 16New major risk - Revenue and earnings growthEarnings have declined by 5.5% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. Market cap is less than US$10m (zł18.5m market cap, or US$4.56m). Minor Risk Revenue is less than US$5m (zł12m revenue, or US$2.9m).
분석 기사 • Mar 28Is Bras (WSE:BSA) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
공시 • Feb 14Bras S.A. to Report Fiscal Year 2023 Results on Mar 20, 2024Bras S.A. announced that they will report fiscal year 2023 results on Mar 20, 2024
분석 기사 • Feb 13Investor Optimism Abounds Bras S.A. (WSE:BSA) But Growth Is LackingWhen close to half the companies in Poland have price-to-earnings ratios (or "P/E's") below 12x, you may consider Bras...
공시 • Feb 02+ 4 more updatesBras S.A. to Report Fiscal Year 2023 Results on May 28, 2024Bras S.A. announced that they will report fiscal year 2023 results on May 28, 2024
New Risk • Dec 28New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (zł29.1m market cap, or US$7.45m). Minor Risk Revenue is less than US$5m (zł4.3m revenue, or US$1.1m).
공시 • Oct 31Bras S.A. to Report Fiscal Year 2022 Results on Nov 20, 2023Bras S.A. announced that they will report fiscal year 2022 results on Nov 20, 2023
공시 • May 31Bras S.A. to Report Fiscal Year 2022 Results on Jul 31, 2023Bras S.A. announced that they will report fiscal year 2022 results on Jul 31, 2023
공시 • Feb 03+ 4 more updatesBras S.A. to Report Q1, 2022 Results on May 15, 2023Bras S.A. announced that they will report Q1, 2022 results on May 15, 2023
공시 • Nov 05Bras S.A. to Report Fiscal Year 2021 Results on Dec 31, 2022Bras S.A. announced that they will report fiscal year 2021 results on Dec 31, 2022
공시 • Aug 03Bras S.A. to Report Fiscal Year 2021 Final Results on Sep 30, 2022Bras S.A. announced that they will report fiscal year 2021 final results on Sep 30, 2022
공시 • Jul 02Bras S.A. to Report Fiscal Year 2022 Results on Jul 31, 2022Bras S.A. announced that they will report fiscal year 2022 results on Jul 31, 2022
Reported Earnings • May 20First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł838.5k (up 21% from 1Q 2021). Net income: zł8.7k (down 95% from 1Q 2021). Profit margin: 1.0% (down from 23% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • May 09Is Bras (WSE:BSA) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Feb 25Here's Why I Think Bras (WSE:BSA) Is An Interesting StockIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: zł0.005 (up from zł0.003 in FY 2020). Revenue: zł2.73m (up 13% from FY 2020). Net income: zł441.9k (up 148% from FY 2020). Profit margin: 16% (up from 7.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 99% per year, which means it is well ahead of earnings.
공시 • Feb 02+ 4 more updatesBras S.A. to Report Fiscal Year 2021 Results on May 31, 2022Bras S.A. announced that they will report fiscal year 2021 results on May 31, 2022
Buying Opportunity • Jan 17Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be zł0.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% per annum over the last 3 years. The company has become profitable over the last year.
Reported Earnings • Nov 19Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: zł662.6k (down 4.5% from 3Q 2020). Net income: zł47.7k (up zł276.5k from 3Q 2020). Profit margin: 7.2% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 135% per year, which means it is well ahead of earnings.
분석 기사 • Oct 28Does Bras (WSE:BSA) Deserve A Spot On Your Watchlist?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Reported Earnings • Aug 19Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł661.1k (up 34% from 2Q 2020). Net income: zł108.6k (up zł139.9k from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 158% per year, which means it is well ahead of earnings.
분석 기사 • May 31Does Bras (WSE:BSA) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Is New 90 Day High Low • Mar 02New 90-day high: zł0.81The company is up 216% from its price of zł0.26 on 02 December 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 20% over the same period.
Reported Earnings • Feb 20Full year 2020 earnings released: EPS zł0.003 (vs zł0.004 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: zł2.46m (down 11% from FY 2019). Net income: zł177.2k (down 11% from FY 2019). Profit margin: 7.2% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 159% per year, which means it is well ahead of earnings.
분석 기사 • Feb 14Bras (WSE:BSA) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
공시 • Feb 04An unknown buyer acquired 9.89% stake in Bras S.A. (WSE:BSA).An unknown buyer acquired 9.89% stake in Bras S.A. (WSE:BSA) on February 1, 2021. An unknown buyer completed the acquisition of 9.89% stake in Bras S.A. (WSE:BSA) on February 1, 2021.
Is New 90 Day High Low • Jan 29New 90-day high: zł0.48The company is up 79% from its price of zł0.27 on 30 October 2020. The Polish market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 50% over the same period.
공시 • Jan 14+ 4 more updatesBras S.A. to Report Fiscal Year 2021 Results on May 31, 2021Bras S.A. announced that they will report fiscal year 2021 results on May 31, 2021
Is New 90 Day High Low • Jan 12New 90-day high: zł0.37The company is up 15% from its price of zł0.32 on 14 October 2020. The Polish market is up 19% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Professional Services industry, which is also up 15% over the same period.
Is New 90 Day High Low • Nov 05New 90-day low: zł0.26The company is down 66% from its price of zł0.76 on 06 August 2020. The Polish market is down 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is down 32% over the same period.
공시 • Jun 19Bras S.A. announced that it expects to receive PLN 7.6 million in fundingBras S.A. (WSE:BSA) announced a private placement of 38,000,000 series E1 shares at a par price of PLN 0.2 per share for gross proceeds of PLN 7,600,000 on June 10, 2020. Before the closing of the transaction, the share capital of the company is PLN 10,170,240 divided into 50,851,200 shares, which includes 446,890 series A1 shares of par value PLN 0.2 per share, 127,000 series B1 shares of par value of PLN 0.2 per share, 61,750 series C1 shares of par value of PLN 0.2 per share, and 50,215,560 series D1 shares of par value of PLN 0.2 per share. Post transaction, the share capital of the company will increase to PLN 17,770,240 divided into 88,851,200 shares, which will include 38,000,000 series E1 shares of par value of PLN 0.2 per share. The transaction has been approved by the supervisory board of the company, and is expected to close by June 24, 2020. On June 17, 2020, the management board of the company approved the transaction.