New Risk • Oct 08
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: -zł1.7m 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 (-zł1.7m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (zł4.87m market cap, or US$1.33m). Minor Risk Revenue is less than US$5m (zł4.3m revenue, or US$1.2m). 공시 • Aug 26
T-Bull S.A. to Report First Half, 2025 Results on Sep 30, 2025 T-Bull S.A. announced that they will report first half, 2025 results on Sep 30, 2025 공시 • May 28
T-Bull S.A., Annual General Meeting, Jun 23, 2025 T-Bull S.A., Annual General Meeting, Jun 23, 2025. Reported Earnings • Dec 01
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł1.37m (down 5.7% from 3Q 2023). Net loss: zł316.9k (loss narrowed 72% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 04
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł1.65m (down 9.4% from 2Q 2023). Net loss: zł615.1k (loss narrowed 18% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: zł0.20 loss per share (vs zł0.89 loss in 1Q 2023) First quarter 2024 results: zł0.20 loss per share (improved from zł0.89 loss in 1Q 2023). Revenue: zł1.43m (down 26% from 1Q 2023). Net loss: zł243.4k (loss narrowed 77% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Reported Earnings • May 04
Full year 2023 earnings released: zł3.12 loss per share (vs zł6.41 loss in FY 2022) Full year 2023 results: zł3.12 loss per share (improved from zł6.41 loss in FY 2022). Revenue: zł6.96m (down 15% from FY 2022). Net loss: zł3.70m (loss narrowed 51% from FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł1.45m (down 35% from 3Q 2022). Net loss: zł1.15m (loss widened 43% from 3Q 2022). Reported Earnings • Oct 05
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł1.82m (down 26% from 2Q 2022). Net loss: zł746.5k (loss widened zł684.6k from 2Q 2022). New Risk • Jul 07
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: -zł3.0m 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 (-zł3.0m free cash flow). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (zł10.1m market cap, or US$2.44m). Minor Risk Revenue is less than US$5m (zł8.4m revenue, or US$2.0m). New Risk • Jun 16
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 7.6% 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 Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (zł10.6m market cap, or US$2.59m). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (zł8.4m revenue, or US$2.1m). Reported Earnings • Jun 04
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł1.94m (up 16% from 1Q 2022). Net loss: zł1.05m (loss narrowed 30% from 1Q 2022). 공시 • Jun 02
T-Bull S.A., Annual General Meeting, Jun 26, 2023 T-Bull S.A., Annual General Meeting, Jun 26, 2023, at 10:00 Central European Standard Time. Reported Earnings • Dec 02
Third quarter 2022 earnings released Third quarter 2022 results: Net loss: zł804.3k (down 383% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 05
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł2.45m (up 36% from 2Q 2021). Net loss: zł61.9k (down zł73.6k from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: zł2.36m (up 36% from 3Q 2020). Net income: zł284.2k (down 78% from 3Q 2020). Profit margin: 12% (down from 74% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 01
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł1.80m (down 14% from 2Q 2020). Net income: zł11.7k (down 99% from 2Q 2020). Profit margin: 0.6% (down from 54% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • Jun 05
First quarter 2021 earnings released The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: zł1.52m (down 7.7% from 1Q 2020). Net loss: zł694.6k (loss widened zł648.5k from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 29% per year. Reported Earnings • May 04
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: zł7.03m (up 6.9% from FY 2019). Net income: zł1.83m (down 13% from FY 2019). Profit margin: 26% (down from 32% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 15% share price gain to zł26.00, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 31x in the Entertainment industry in Poland. Total loss to shareholders of 70% over the past three years. Is New 90 Day High Low • Jan 12
New 90-day high: zł33.00 The company is up 42% from its price of zł23.30 on 14 October 2020. The Polish market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 26% over the same period. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 19% share price gain to zł33.00, the stock is trading at a trailing P/E ratio of 8.2x, up from the previous P/E ratio of 6.9x. This compares to an average P/E of 42x in the Entertainment industry in Poland. Total return to shareholders over the past three years is a loss of 67%. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 17% share price gain to zł30.80, the stock is trading at a trailing P/E ratio of 7.6x, up from the previous P/E ratio of 6.6x. This compares to an average P/E of 41x in the Entertainment industry in Poland. Total return to shareholders over the past three years is a loss of 70%. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 16% share price gain to zł29.80, the stock is trading at a trailing P/E ratio of 7.4x, up from the previous P/E ratio of 6.4x. This compares to an average P/E of 40x in the Entertainment industry in Poland. Total return to shareholders over the past three years is a loss of 74%. Is New 90 Day High Low • Dec 04
New 90-day high: zł28.60 The company is up 20% from its price of zł23.90 on 04 September 2020. The Polish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 16% share price gain to zł27.60, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9.1x. This compares to an average P/E of 35x in the Entertainment industry in Poland. Total return to shareholders over the past three years is a loss of 81%. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 21% share price gain to zł26.00, the stock is trading at a trailing P/E ratio of 10x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 37x in the Entertainment industry in Poland. Total return to shareholders over the past three years is a loss of 83%. Valuation Update With 7 Day Price Move • Nov 02
Market pulls back on stock over the past week After last week's 16% share price decline to zł21.00, the stock is trading at a trailing P/E ratio of 8.1x, down from the previous P/E ratio of 9.5x. This compares to an average P/E of 31x in the Entertainment industry in Poland. Total return to shareholders over the past three years is a loss of 87%. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 21% share price decline to zł22.00, the stock is trading at a trailing P/E ratio of 8.4x, down from the previous P/E ratio of 10.7x. This compares to an average P/E of 32x in the Entertainment industry in Poland. Total return to shareholders over the past three years is a loss of 86%. Valuation Update With 7 Day Price Move • Oct 21
Market bids up stock over the past week After last week's 19% share price gain to zł27.80, the stock is trading at a trailing P/E ratio of 10.7x, up from the previous P/E ratio of 8.9x. This compares to an average P/E of 34x in the Entertainment industry in Poland. Total return to shareholders over the past three years is a loss of 82%. Is New 90 Day High Low • Sep 24
New 90-day low: zł20.50 The company is down 49% from its price of zł40.40 on 26 June 2020. The Polish market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 4.0% over the same period. 공시 • Jul 17
T-Bull S.A. to Report Q1, 2020 Results on Jul 02, 2020 T-Bull S.A. announced that they will report Q1, 2020 results on Jul 02, 2020