공고 • Jun 09
Outdoorzy S.A., Annual General Meeting, Jun 30, 2026 Outdoorzy S.A., Annual General Meeting, Jun 30, 2026. New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł36.3m (US$9.85m) 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). Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Market cap is less than US$10m (zł36.3m market cap, or US$9.85m). Minor Risk Revenue is less than US$5m (zł11m revenue, or US$2.9m). Reported Earnings • Nov 18
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł2.78m (up 47% from 3Q 2024). Net loss: zł16.6k (loss narrowed 95% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Nov 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% 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 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Market cap is less than US$10m (zł17.8m market cap, or US$4.88m). Minor Risk Revenue is less than US$5m (zł9.2m revenue, or US$2.5m). 공고 • Nov 11
Outdoorzy S.A. to Report Q3, 2025 Results on Nov 13, 2025 Outdoorzy S.A. announced that they will report Q3, 2025 results on Nov 13, 2025 Reported Earnings • May 17
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł2.59m (down 24% from 1Q 2024). Net loss: zł182.3k (loss widened 143% from 1Q 2024). New Risk • May 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Market cap is less than US$10m (zł7.80m market cap, or US$2.04m). Minor Risk Revenue is less than US$5m (zł12m revenue, or US$3.0m). 공고 • Apr 10
Outdoorzy S.A., Annual General Meeting, May 09, 2025 Outdoorzy S.A., Annual General Meeting, May 09, 2025. Reported Earnings • Mar 24
Full year 2024 earnings released Full year 2024 results: Revenue: zł11.6m (down 16% from FY 2023). Net loss: zł500.4k (down 480% from profit in FY 2023). 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 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł3.32m (down 2.7% from 2Q 2023). Net income: zł34.8k (up zł71.3k from 2Q 2023). Profit margin: 1.0% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. 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 9% per year, which means it has not declined as severely as earnings. New Risk • Jun 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 78% 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 (11% average weekly change). Earnings have declined by 37% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Market cap is less than US$10m (zł12.1m market cap, or US$3.02m). Minor Risk Revenue is less than US$5m (zł14m revenue, or US$3.5m). Reported Earnings • May 13
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł3.40m (up 6.4% from 1Q 2023). Net loss: zł75.1k (loss narrowed 16% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 19
Upcoming dividend of zł0.01 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 13 May 2024. The company last paid an ordinary dividend in December 2018. The average dividend yield among industry peers is 2.5%. New Risk • Mar 24
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 9.6% 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 (9.6% average weekly change). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (zł9.01m market cap, or US$2.25m). Minor Risk Revenue is less than US$5m (zł14m revenue, or US$3.5m). 공고 • Mar 20
Outdoorzy S.A., Annual General Meeting, Apr 16, 2024 Outdoorzy S.A., Annual General Meeting, Apr 16, 2024, at 12:00 Central European Standard Time. Reported Earnings • Mar 13
Full year 2023 earnings released Full year 2023 results: Revenue: zł13.8m (up 33% from FY 2022). Net income: zł131.8k (up zł293.2k from FY 2022). Profit margin: 1.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Jan 19
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 7.0% 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 45% per year over the past 5 years. Market cap is less than US$10m (zł7.56m market cap, or US$1.89m). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Revenue is less than US$5m (zł13m revenue, or US$3.2m). New Risk • Dec 04
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 6.8% 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 45% per year over the past 5 years. Market cap is less than US$10m (zł7.77m market cap, or US$1.96m). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Revenue is less than US$5m (zł13m revenue, or US$3.2m). Reported Earnings • Nov 16
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł3.20m (up 24% from 3Q 2022). Net income: zł41.9k (up zł161.0k from 3Q 2022). Profit margin: 1.3% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł3.41m (up 35% from 2Q 2022). Net loss: zł36.5k (down 152% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. 공고 • Jun 02
Outdoorzy S.A., Annual General Meeting, Jun 26, 2023 Outdoorzy S.A., Annual General Meeting, Jun 26, 2023, at 13:00 Central European Standard Time. 공고 • Jun 07
Outdoorzy S.A., Annual General Meeting, Jun 29, 2022 Outdoorzy S.A., Annual General Meeting, Jun 29, 2022, at 10:00 Central European Standard Time. Reported Earnings • May 12
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł2.26m (down 16% from 1Q 2021). Net loss: zł110.8k (down 201% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 44% share price gain to zł1.30, the stock trades at a trailing P/E ratio of 64.5x. Average trailing P/E is 25x in the Online Retail industry in Poland. Total returns to shareholders of 106% over the past three years. Upcoming Dividend • Jul 02
Upcoming dividend of zł0.01 per share Eligible shareholders must have bought the stock before 09 July 2021. Payment date: 23 July 2021. Trailing yield: 1.1%. Lower than top quartile of Polish dividend payers (5.7%). Higher than average of industry peers (0.3%). Is New 90 Day High Low • Jan 28
New 90-day high: zł1.04 The company is up 18% from its price of zł0.88 on 29 October 2020. The Polish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Online Retail industry, which is down 17% over the same period. Is New 90 Day High Low • Jan 04
New 90-day low: zł0.69 The company is down 25% from its price of zł0.91 on 05 October 2020. The Polish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 34% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: zł0.80 The company is down 10.0% from its price of zł0.89 on 11 September 2020. The Polish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 25% over the same period.