New Risk • May 26
New minor risk - Financial data availability The 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 (-zł709k free cash flow). Negative equity (-zł430k). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (zł72.4m market cap, or US$19.9m). 공시 • Apr 16
Arts Alliance S.A., Annual General Meeting, May 11, 2026 Arts Alliance S.A., Annual General Meeting, May 11, 2026, at 11:00 Central European Standard Time. 공시 • Nov 06
Arts Alliance S.A. to Report Q3, 2025 Results on Nov 07, 2025 Arts Alliance S.A. announced that they will report Q3, 2025 results on Nov 07, 2025 New Risk • Aug 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 104% 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 (-zł701k free cash flow). Shares are highly illiquid. Negative equity (-zł398k). Earnings have declined by 47% per year over the past 5 years. Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (zł54.5m market cap, or US$15.0m). 공시 • Apr 03
Arts Alliance S.A., Annual General Meeting, May 05, 2025 Arts Alliance S.A., Annual General Meeting, May 05, 2025. New Risk • Mar 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł506k 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 (-zł506k free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-zł1.5m). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (zł13.0m market cap, or US$3.36m). New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings have declined by 6.9% 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 (12% average weekly change). Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (zł14.5m market cap, or US$3.54m). 공시 • Mar 29
Arts Alliance S.A., Annual General Meeting, Apr 22, 2024 Arts Alliance S.A., Annual General Meeting, Apr 22, 2024, at 11:00 Central European Standard Time. 공시 • May 09
Arts Alliance S.A., Annual General Meeting, May 22, 2023 Arts Alliance S.A., Annual General Meeting, May 22, 2023, at 10:00 Central European Standard Time. 공시 • May 08
Arts Alliance S.A. to Report Q1, 2022 Results on May 16, 2022 Arts Alliance S.A. announced that they will report Q1, 2022 results on May 16, 2022 Reported Earnings • Nov 19
Third quarter 2020 earnings released: zł0.11 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: zł298.0k (up 107% from 3Q 2019). Net loss: zł131.0k (loss narrowed 86% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 17
New 90-day high: zł45.00 The company is up 116% from its price of zł20.80 on 19 August 2020. The Polish market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is down 1.0% over the same period. 공시 • Sep 24
Arts Alliance S.A. (WSE:AAS) acquired 50% stake in EpicVR Sp. z o. o. Arts Alliance S.A. (WSE:AAS) acquired 50% stake in EpicVR Sp. z o. o. on August 31, 2020. Arts Alliance will acquire 50 shares of EpicVR. Arts Alliance will hold 50% in EpicVR post acquisition.
Arts Alliance S.A. (WSE:AAS) completed the acquisition of 50% stake in EpicVR Sp. z o. o. on August 31, 2020. 공시 • Sep 07
Arts Alliance S.A. (WSE:AAS) signed an agreement to acquire 50% stake in Figure Investment Sp. z o. o. Arts Alliance S.A. (WSE:AAS) signed an agreement to acquire 50% stake in Figure Investment Sp. z o. o on August 26, 2020. As per the agreement, Arts Alliance S.A. will acquire 50 shares in Figure Investment Sp. z o. o. The company name will change from the current Figure Investment Sp. z o. o. to Noma Level Up! Sp. z o. o as well as changing the subject of the company's activity. 