New Risk • May 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% 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 (-zł2.4m free cash flow). Shares are highly illiquid. Negative equity (-zł73k). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m (zł3.2m revenue, or US$886k). Market cap is less than US$10m (zł2.90m market cap, or US$793.6k). 공시 • Dec 05
W.G Partners S.A., Annual General Meeting, Dec 30, 2025 W.G Partners S.A., Annual General Meeting, Dec 30, 2025, at 11:00 Central European Standard Time. 공시 • Nov 12
W.G Partners S.A. to Report Q3, 2025 Results on Nov 14, 2025 W.G Partners S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Mar 24
Full year 2024 earnings released Full year 2024 results: Revenue: zł7.71m (up 152% from FY 2023). Net income: zł839.4k (up zł1.51m from FY 2023). Profit margin: 11% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (zł2.7m revenue, or US$671k). Market cap is less than US$10m (zł23.2m market cap, or US$5.73m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Feb 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł35.0m (US$8.79m) 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (485% increase in shares outstanding). Revenue is less than US$1m (zł2.7m revenue, or US$682k). Market cap is less than US$10m (zł35.0m market cap, or US$8.79m). New Risk • Feb 06
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 10% 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 (10% average weekly change). Shareholders have been substantially diluted in the past year (485% increase in shares outstanding). Revenue is less than US$1m (zł2.7m revenue, or US$671k). Minor Risk Market cap is less than US$100m (zł77.4m market cap, or US$19.2m). Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł1.75m (up 22% from 2Q 2023). Net income: zł437.0k (down 31% from 2Q 2023). Profit margin: 25% (down from 44% in 2Q 2023). 공시 • Jun 05
W.G Partners S.A., Annual General Meeting, Jun 27, 2024 W.G Partners S.A., Annual General Meeting, Jun 27, 2024. Buy Or Sell Opportunity • May 15
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to zł9.10. The fair value is estimated to be zł7.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years, while earnings per share has been flat. New Risk • Apr 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł37.8m (US$9.52m) 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 Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (485% increase in shares outstanding). Market cap is less than US$10m (zł37.8m market cap, or US$9.52m). Minor Risk Revenue is less than US$5m (zł5.2m revenue, or US$1.3m). New Risk • Mar 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 485% 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 Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (485% increase in shares outstanding). Minor Risks Revenue is less than US$5m (zł5.2m revenue, or US$1.3m). Market cap is less than US$100m (zł46.1m market cap, or US$11.6m). Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł1.44m (down 44% from 2Q 2022). Net income: zł628.6k (up zł634.1k from 2Q 2022). Profit margin: 44% (up from net loss in 2Q 2022). 공시 • Jun 02
Skinwallet S.A., Annual General Meeting, Jun 28, 2023 Skinwallet S.A., Annual General Meeting, Jun 28, 2023, at 12:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł2.02m (down 23% from 1Q 2022). Net income: zł76.1k (up zł495.0k from 1Q 2022). Profit margin: 3.8% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. 공시 • Jun 09
Skinwallet S.A., Annual General Meeting, Jul 04, 2022 Skinwallet S.A., Annual General Meeting, Jul 04, 2022, at 12:00 Central European Standard Time. Reported Earnings • Feb 14
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: zł2.97 loss per share (down from zł1.44 loss in FY 2020). Revenue: zł10.6m (down 16% from FY 2020). Net loss: zł1.84m (loss widened 112% from FY 2020). Revenue was in line with analyst estimates. Is New 90 Day High Low • Dec 28
New 90-day low: zł44.42 The company is down 42% from its price of zł75.99 on 29 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 29% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: zł51.98 The company is down 22% from its price of zł67.00 on 04 September 2020. The Polish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 1.0% over the same period.