New Risk • Mar 30
New major risk - Financial data availability The 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. High level of non-cash earnings (90% accrual ratio). Market cap is less than US$10m (zł18.0m market cap, or US$4.85m). New Risk • Dec 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x 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 (2.9x net interest cover). High level of non-cash earnings (90% accrual ratio). Market cap is less than US$10m (zł17.9m market cap, or US$4.98m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). New Risk • Dec 12
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 Polish 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 (37% accrual ratio). Market cap is less than US$10m (zł20.5m market cap, or US$5.68m). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Nov 20
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł7.15m (down 18% from 3Q 2023). Net loss: zł42.4k (down 320% from profit in 3Q 2023). 공시 • 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 • Jun 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 14% 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 (14% average weekly change). High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (zł32.3m market cap, or US$8.68m). New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 (35% accrual ratio). Market cap is less than US$10m (zł17.7m market cap, or US$4.38m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (9.3% average weekly change). New Risk • Jan 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 11% 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 (11% average weekly change). High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (zł17.2m market cap, or US$4.23m). New Risk • Aug 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 0.9% 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 (0.9% accrual ratio). Market cap is less than US$10m (zł32.7m market cap, or US$8.45m). Minor Risk Share price has been volatile over the past 3 months (7.2% 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 43% per year, which means it is performing significantly worse than earnings. New Risk • Aug 06
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 Polish stocks, typically moving 6.7% 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 (zł32.9m market cap, or US$8.34m). Minor Risk Share price has been volatile over the past 3 months (6.7% 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: zł38.9m (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 (zł38.9m 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: zł40.5m (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 (zł40.5m market cap, or US$9.90m). 공시 • 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). New Risk • Nov 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (zł56.6m market cap, or US$14.2m). 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. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. 공시 • 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 24
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. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. 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. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. 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. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. 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). Over the last 3 years on average, earnings per share has increased by 68% per year and the company’s share price has also increased by 68% per year. Reported Earnings • Mar 24
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł11.1m (down 13% from FY 2019). Net income: zł59.4k (up 327% from FY 2019). Profit margin: 0.5% (up from 0.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 228 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 29
New 90-day high: zł0.70 The company is up 14% from its price of zł0.61 on 30 October 2020. The Polish market is up 27% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: zł0.41 The company is down 35% from its price of zł0.63 on 24 September 2020. The Polish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 7.0% over the same period. Reported Earnings • Nov 22
Third quarter 2020 earnings released: zł0.002 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: zł3.38m (down 18% from 3Q 2019). Net loss: zł111.0k (loss widened 270% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 99% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings.