공시 • Mar 26
Aeta SA, Annual General Meeting, Apr 29, 2026 Aeta SA, Annual General Meeting, Apr 29, 2026. New Risk • Dec 03
New major risk - Revenue and earnings growth Earnings have declined by 2.5% 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 Less than 1 year of cash runway based on free cash flow trend (-RON6.0m free cash flow). Earnings have declined by 2.5% per year over the past 5 years. Market cap is less than US$10m (RON29.0m market cap, or US$6.65m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Nov 21
Third quarter 2025 earnings released: RON0.038 loss per share (vs RON0.015 loss in 3Q 2024) Third quarter 2025 results: RON0.038 loss per share (further deteriorated from RON0.015 loss in 3Q 2024). Revenue: RON10.8m (up 9.2% from 3Q 2024). Net loss: RON4.55m (loss widened 171% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings have declined by 2.5% 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 Less than 1 year of cash runway based on free cash flow trend (-RON3.1m free cash flow). Earnings have declined by 2.5% per year over the past 5 years. Market cap is less than US$10m (RON29.0m market cap, or US$6.56m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). New Risk • May 19
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: -RON4.8m 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 (-RON4.8m free cash flow). Earnings have declined by 3.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Market cap is less than US$10m (RON16.4m market cap, or US$3.59m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Reported Earnings • May 10
Full year 2024 earnings released: RON0.14 loss per share (vs RON0.14 loss in FY 2023) Full year 2024 results: RON0.14 loss per share. Revenue: RON35.7m (down 9.2% from FY 2023). Net loss: RON16.8m (loss widened 66% from FY 2023). Reported Earnings • Nov 21
Third quarter 2024 earnings released: RON0.015 loss per share (vs RON0.044 loss in 3Q 2023) Third quarter 2024 results: RON0.015 loss per share (improved from RON0.044 loss in 3Q 2023). Revenue: RON9.88m (up 15% from 3Q 2023). Net loss: RON1.68m (loss narrowed 37% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. New Risk • Sep 20
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 Romanian stocks, typically moving 8.3% 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 (8.3% average weekly change). Earnings have declined by 7.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Market cap is less than US$10m (RON18.9m market cap, or US$4.25m). New Risk • Sep 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% 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 Earnings have declined by 7.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Market cap is less than US$10m (RON20.6m market cap, or US$4.57m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Sep 04
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: RON8.94m (down 12% from 2Q 2023). Net loss: RON3.41m (loss widened 41% from 2Q 2023). Reported Earnings • May 20
First quarter 2024 earnings released: RON0.043 loss per share (vs RON0.042 loss in 1Q 2023) First quarter 2024 results: RON0.043 loss per share (further deteriorated from RON0.042 loss in 1Q 2023). Revenue: RON8.85m (down 7.5% from 1Q 2023). Net loss: RON2.98m (loss widened 1.7% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. New Risk • Apr 19
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 Romanian stocks, typically moving 8.6% 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 (8.6% average weekly change). Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (RON12.6m market cap, or US$2.69m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-RON18m). Reported Earnings • Mar 04
Full year 2023 earnings released: RON0.15 loss per share (vs RON0.26 loss in FY 2022) Full year 2023 results: RON0.15 loss per share (improved from RON0.26 loss in FY 2022). Revenue: RON39.8m (down 50% from FY 2022). Net loss: RON10.3m (loss narrowed 44% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. New Risk • Nov 24
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: -RON18m 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 (-RON18m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (RON17.9m market cap, or US$3.92m). New Risk • Jul 16
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: -RON6.1m 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 (8.8% average weekly change). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (RON24.8m market cap, or US$5.65m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-RON6.1m). New Risk • Jul 01
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: -RON5.6m 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 (11% average weekly change). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (RON24.8m market cap, or US$5.47m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-RON5.6m). Board Change • Mar 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 05
Full year 2021 earnings released: RON0.12 loss per share (vs RON0.27 loss in FY 2020) Full year 2021 results: RON0.12 loss per share (up from RON0.27 loss in FY 2020). Revenue: RON309.5m (up 24% from FY 2020). Net loss: RON8.51m (loss narrowed 55% from FY 2020). Board Change • Apr 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 03
Second quarter 2021 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: RON68.9m (up 5.4% from 2Q 2020). Net loss: RON721.9k (loss narrowed 94% from 2Q 2020). Is New 90 Day High Low • Dec 15
New 90-day low: RON0.85 The company is down 7.0% from its price of RON0.92 on 15 September 2020. The Romanian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day low: RON0.87 The company is down 5.0% from its price of RON0.92 on 28 August 2020. The Romanian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 13% over the same period. 공시 • Aug 31
Constantin Relative Investments SRL, Cardinal Main S.R.L. and Benjamins United made an offer to acquire the remaining 63.16% stake in S.C. Electroarges S.A. (BVB:ELGS) from Tudor Dumitru and others. Constantin Relative Investments SRL, Cardinal Main S.R.L. and Benjamins United made an offer to acquire the remaining 63.16% stake in S.C. Electroarges S.A. (BVB:ELGS) from Tudor Dumitru and others on August 27, 2020. Currently, Constantin holds 36.84% stake, Tudor holds 12.85% stake, individuals hold 37.42% stake and legal entities hold 12.89% stake in Electroarges.