New Risk • Jun 05
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: -zł13m 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 (-zł13m free cash flow). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (zł130k revenue, or US$36k). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (zł129.4m market cap, or US$35.5m). 공시 • May 19
QNA Technology S.A., Annual General Meeting, Jun 15, 2026 QNA Technology S.A., Annual General Meeting, Jun 15, 2026, at 12:00 Central European Standard Time. New Risk • May 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor 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). Revenue has declined by 55% over the past year. Revenue is less than US$1m (zł379k revenue, or US$105k). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (zł136.5m market cap, or US$37.7m). Reported Earnings • Apr 26
Full year 2025 earnings released: zł4.21 loss per share (vs zł5.41 loss in FY 2024) Full year 2025 results: zł4.21 loss per share. Net loss: zł9.86m (loss widened 1.1% from FY 2024). New Risk • Jan 23
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 Less than 1 year of cash runway based on free cash flow trend (-zł8.2m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue has declined by 74% over the past year. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (zł615k revenue, or US$172k). Minor Risk Market cap is less than US$100m (zł87.4m market cap, or US$24.4m). 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 6.3% 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 Less than 1 year of cash runway based on free cash flow trend (-zł8.2m free cash flow). Revenue has declined by 74% over the past year. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (zł615k revenue, or US$171k). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (zł69.0m market cap, or US$19.1m). Reported Earnings • Dec 02
Third quarter 2025 earnings released: zł0.97 loss per share (vs zł1.42 loss in 3Q 2024) Third quarter 2025 results: zł0.97 loss per share (improved from zł1.42 loss in 3Q 2024). Net loss: zł2.30m (loss narrowed 10% from 3Q 2024). New Risk • Oct 06
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: -zł13m 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 (-zł13m free cash flow). Revenue has declined by 76% over the past year. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (zł712k revenue, or US$196k). Minor Risk Market cap is less than US$100m (zł73.6m market cap, or US$20.3m). 공시 • Aug 25
QNA Technology S.A. to Report First Half, 2025 Results on Sep 29, 2025 QNA Technology S.A. announced that they will report first half, 2025 results on Sep 29, 2025 공시 • May 01
QNA Technology S.A., Annual General Meeting, May 30, 2025 QNA Technology S.A., Annual General Meeting, May 30, 2025. New Risk • Jan 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł40.2m (US$9.93m) 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 Less than 1 year of cash runway based on free cash flow trend (-zł8.7m free cash flow). Revenue has declined by 7.0% over the past year. Revenue is less than US$1m (zł2.4m revenue, or US$582k). Market cap is less than US$10m (zł40.2m market cap, or US$9.93m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). New Risk • Nov 22
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: -zł8.7m 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 (-zł8.7m free cash flow). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Revenue has declined by 7.0% over the past year. Revenue is less than US$1m (zł2.4m revenue, or US$566k). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (zł58.8m market cap, or US$14.1m). New Risk • Aug 19
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -zł8.4m This is considered a minor 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 Share price has been highly volatile over the past 3 months (10.0% average weekly change). Revenue is less than US$1m (zł3.0m revenue, or US$765k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-zł8.4m). Less than 3 years of financial data is available. Market cap is less than US$100m (zł63.9m market cap, or US$16.5m). New Risk • Jun 10
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 9.0% 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 (9.0% average weekly change). Revenue is less than US$1m (zł3.0m revenue, or US$735k). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (zł54.8m market cap, or US$13.6m). 공시 • May 19
QNA Technology S.A., Annual General Meeting, Jun 12, 2024 QNA Technology S.A., Annual General Meeting, Jun 12, 2024. 공시 • Apr 24
QNA Technology S.A. to Report Fiscal Year 2023 Results on May 13, 2024 QNA Technology S.A. announced that they will report fiscal year 2023 results on May 13, 2024 New Risk • Mar 26
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 7.2% 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 Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (zł64.0m market cap, or US$16.1m). 공시 • Dec 15
QNA Technology S.A. has completed an IPO in the amount of PLN 70.356 million. QNA Technology S.A. has completed an IPO in the amount of PLN 70.356 million.
Security Name: Series A Shares
Security Type: Common Stock
Securities Offered: 1,404,000
Price\Range: PLN 39
Security Name: Series B Shares
Security Type: Common Stock
Securities Offered: 220,000
Price\Range: PLN 39
Security Name: Series C Shares
Security Type: Common Stock
Securities Offered: 180,000
Price\Range: PLN 39