New Risk • Apr 25
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 11% 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 (11% average weekly change). Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (zł3.1m revenue, or US$852k). Market cap is less than US$10m (zł4.06m market cap, or US$1.12m). Aankondiging • Nov 13
Carbon Studio S.A. to Report Q3, 2025 Results on Nov 14, 2025 Carbon Studio S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł432.0k (down 32% from 2Q 2024). Net loss: zł1.01m (loss widened 37% from 2Q 2024). New Risk • Aug 03
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 11% 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 (11% average weekly change). Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m (zł3.7m revenue, or US$989k). Market cap is less than US$10m (zł14.0m market cap, or US$3.80m). New Risk • May 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 7.6% 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 59% per year over the past 5 years. Revenue is less than US$1m (zł3.7m revenue, or US$980k). Market cap is less than US$10m (zł12.9m market cap, or US$3.45m). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • May 19
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł679.6k (down 10% from 1Q 2024). Net loss: zł770.7k (loss widened 22% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 20
Full year 2024 earnings released Full year 2024 results: Revenue: zł3.85m (down 32% from FY 2023). Net loss: zł2.20m (down zł2.54m from profit in FY 2023). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% 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 (10% average weekly change). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m (zł3.4m revenue, or US$809k). Market cap is less than US$10m (zł12.9m market cap, or US$3.10m). Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł634.4k (down 66% from 2Q 2023). Net loss: zł737.1k (down 319% from profit in 2Q 2023). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to zł6.10, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 18x in the Entertainment industry in Poland. Total loss to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to zł9.18, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 21x in the Entertainment industry in Poland. Total loss to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to zł10.45, the stock trades at a trailing P/E ratio of 61x. Average trailing P/E is 18x in the Entertainment industry in Poland. Total loss to shareholders of 81% over the past three years. New Risk • Jun 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.5% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Market cap is less than US$10m (zł27.7m market cap, or US$6.77m). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (5.9% net profit margin). Shareholders have been diluted in the past year (33% increase in shares outstanding). Revenue is less than US$5m (zł5.6m revenue, or US$1.4m). Aankondiging • Jun 05
Carbon Studio S.A., Annual General Meeting, Jun 27, 2024 Carbon Studio S.A., Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł16.00, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 21x in the Entertainment industry in Poland. Total loss to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł14.40, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 18x in the Entertainment industry in Poland. Total loss to shareholders of 74% over the past three years. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: zł0.37 (vs zł0.43 in FY 2022) Full year 2023 results: EPS: zł0.37 (down from zł0.43 in FY 2022). Revenue: zł5.63m (up 21% from FY 2022). Net income: zł557.6k (down 11% from FY 2022). Profit margin: 9.9% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. 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. Reported Earnings • Nov 16
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł688.6k (down 33% from 3Q 2022). Net loss: zł98.6k (loss widened 198% from 3Q 2022). Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to zł28.00, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 25x in the Entertainment industry in Poland. Total loss to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to zł34.50, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 26x in the Entertainment industry in Poland. Total loss to shareholders of 43% over the past three years. Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł1.88m (up 13% from 2Q 2022). Net income: zł336.9k (down 31% from 2Q 2022). Profit margin: 18% (down from 30% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. New Risk • Jun 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% 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 (15% average weekly change). High level of non-cash earnings (66% accrual ratio). Market cap is less than US$10m (zł34.0m market cap, or US$8.30m). Minor Risks Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Revenue is less than US$5m (zł5.8m revenue, or US$1.4m). New Risk • Jun 25
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 15% 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 (15% average weekly change). High level of non-cash earnings (66% accrual ratio). Market cap is less than US$10m (zł33.9m market cap, or US$8.31m). Minor Risk Revenue is less than US$5m (zł5.8m revenue, or US$1.4m). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to zł16.30, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 20x in the Entertainment industry in Poland. Total loss to shareholders of 70% over the past three years. Aankondiging • Jun 13
Carbon Studio S.A., Annual General Meeting, Jun 30, 2023 Carbon Studio S.A., Annual General Meeting, Jun 30, 2023, at 12:30 Central European Standard Time. Aankondiging • Jun 03
Carbon Studio S.A. to Report Fiscal Year 2022 Results on Jul 31, 2023 Carbon Studio S.A. announced that they will report fiscal year 2022 results on Jul 31, 2023 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł14.00, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 17x in the Entertainment industry in Poland. Total loss to shareholders of 40% over the past three years. Reported Earnings • Feb 19
Full year 2022 earnings released: EPS: zł0.20 (vs zł0.47 in FY 2021) Full year 2022 results: EPS: zł0.20 (down from zł0.47 in FY 2021). Revenue: zł4.66m (up 13% from FY 2021). Net income: zł297.4k (down 57% from FY 2021). Profit margin: 6.4% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł1.66m (down 1.3% from 2Q 2021). Net income: zł490.5k (down 30% from 2Q 2021). Profit margin: 30% (down from 42% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 34% share price decline to zł12.50, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 14x in the Entertainment industry in Poland. Total loss to shareholders of 79% over the past year. Reported Earnings • May 22
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł794.8k (down 10% from 1Q 2021). Net loss: zł153.4k (down 137% from profit in 1Q 2021). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł24.00, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 15x in the Entertainment industry in Poland. Total loss to shareholders of 60% over the past year. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł0.55 (down from zł1.25 in FY 2020). Revenue: zł4.29m (up 60% from FY 2020). Net income: zł802.8k (down 56% from FY 2020). Profit margin: 19% (down from 69% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł29.90, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 19x in the Entertainment industry in Poland. Total loss to shareholders of 59% over the past year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to zł31.60, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 19x in the Entertainment industry in Poland. Total loss to shareholders of 49% over the past year. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 17% share price gain to zł40.60, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 20x in the Entertainment industry in Poland. Total loss to shareholders of 34% over the past year. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorated over the past week After last week's 26% share price decline to zł37.00, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 28x in the Entertainment industry in Poland. Total loss to shareholders of 41% over the past year. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 16% share price gain to zł60.00, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 26x in the Entertainment industry in Poland. Total loss to shareholders of 10% over the past year. Reported Earnings • Aug 18
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł1.68m (up 105% from 2Q 2020). Net income: zł700.4k (up 154% from 2Q 2020). Profit margin: 42% (up from 34% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 16% share price gain to zł56.80, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 28x in the Entertainment industry in Poland. Total loss to shareholders of 29% over the past year. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS zł0.91 (vs zł0.80 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: zł2.68m (up 33% from FY 2019). Net income: zł1.34m (up 19% from FY 2019). Profit margin: 50% (down from 56% in FY 2019). The decrease in margin was driven by higher expenses. Aankondiging • Feb 02
Carbon Studio Spólka Akcyjna to Report Fiscal Year 2020 Final Results on May 27, 2021 Carbon Studio Spólka Akcyjna announced that they will report fiscal year 2020 final results on May 27, 2021 Is New 90 Day High Low • Jan 18
New 90-day high: zł73.40 The company is up 5.0% from its price of zł70.00 on 20 October 2020. The Polish market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 24% over the same period. Is New 90 Day High Low • Nov 05
New 90-day low: zł56.60 The company is down 26% from its price of zł77.00 on 06 August 2020. The Polish market is down 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 8.0% over the same period. Valuation Update With 7 Day Price Move • Oct 30
Market pulls back on stock over the past week After last week's 17% share price decline to zł59.50, the stock is trading at a trailing P/E ratio of 75.6x, down from the previous P/E ratio of 90.8x. This compares to an average P/E of 32x in the Entertainment industry in Poland. Is New 90 Day High Low • Sep 30
New 90-day low: zł59.00 The company is down 14% from its price of zł69.00 on 02 July 2020. The Polish market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 5.0% over the same period.