Aankondiging • Mar 30
Quart Development S.A., Annual General Meeting, Apr 22, 2026 Quart Development S.A., Annual General Meeting, Apr 22, 2026, at 10:00 Central European Standard Time. Reported Earnings • Nov 09
Third quarter 2025 earnings released Third quarter 2025 results: Net income: zł277.1m (down 11% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. New Risk • Nov 09
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: zł17m (US$4.7m) This is considered a minor risk. Companies with a small amount of revenue 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: Minor Risks Revenue is less than US$5m (zł17m revenue, or US$4.7m). Market cap is less than US$100m (zł50.0m market cap, or US$13.6m). Aankondiging • Nov 06
Quart Development S.A. to Report Q3, 2025 Results on Nov 06, 2025 Quart Development S.A. announced that they will report Q3, 2025 results on Nov 06, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł1.25m (down 31% from 2Q 2024). Net income: zł182.9k (down 87% from 2Q 2024). Profit margin: 15% (down from 79% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł3.74, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 13x in the Real Estate industry in Poland. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to zł3.10, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 10x in the Real Estate industry in Poland. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to zł2.90, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 9x in the Real Estate industry in Poland. Total returns to shareholders of 18% over the past three years. New Risk • Apr 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł37.5m (US$9.99m) 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 (18% average weekly change). Market cap is less than US$10m (zł37.5m market cap, or US$9.99m). Aankondiging • Apr 21
Quart Development S.A., Annual General Meeting, May 16, 2025 Quart Development S.A., Annual General Meeting, May 16, 2025. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to zł3.60, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 8x in the Real Estate industry in Poland. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to zł4.44, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 8x in the Real Estate industry in Poland. Total returns to shareholders of 57% over the past three years. Reported Earnings • Mar 25
Full year 2024 earnings released Full year 2024 results: Revenue: zł23.7m (up 120% from FY 2023). Net income: zł9.11m (up 458% from FY 2023). Profit margin: 39% (up from 15% in FY 2023). The increase in margin 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 September 2023. 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 Risk Revenue has declined by 54% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Revenue is less than US$5m (zł6.2m revenue, or US$1.5m). Market cap is less than US$100m (zł50.3m market cap, or US$12.4m). Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to zł3.70, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 9x in the Real Estate industry in Poland. Total returns to shareholders of 59% over the past three years. New Risk • Nov 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł40.0m (US$9.81m) 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 Shares are highly illiquid. Revenue has declined by 54% over the past year. Market cap is less than US$10m (zł40.0m market cap, or US$9.81m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Revenue is less than US$5m (zł6.2m revenue, or US$1.5m). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to zł3.12, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 9x in the Real Estate industry in Poland. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł3.76, the stock trades at a trailing P/E ratio of 63x. Average trailing P/E is 8x in the Real Estate industry in Poland. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł4.24, the stock trades at a trailing P/E ratio of 71x. Average trailing P/E is 7x in the Real Estate industry in Poland. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł4.46, the stock trades at a trailing P/E ratio of 74.7x. Average trailing P/E is 8x in the Real Estate industry in Poland. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to zł4.14, the stock trades at a trailing P/E ratio of 69.3x. Average trailing P/E is 8x in the Real Estate industry in Poland. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to zł4.34, the stock trades at a trailing P/E ratio of 72.7x. Average trailing P/E is 9x in the Real Estate industry in Poland. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 142% After last week's 142% share price gain to zł4.24, the stock trades at a trailing P/E ratio of 71x. Average trailing P/E is 8x in the Real Estate industry in Poland. Total returns to shareholders of 195% over the past three years. Aankondiging • Apr 16
Quart Development S.A., Annual General Meeting, May 10, 2024 Quart Development S.A., Annual General Meeting, May 10, 2024, at 11:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł2.10, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 8x in the Real Estate industry in Poland. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to zł2.40, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 5x in the Real Estate industry in Poland. Total returns to shareholders of 102% over the past three years. Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł1.50m (up 90% from 2Q 2022). Net income: zł291.2k (up 3.0% from 2Q 2022). Profit margin: 19% (down from 36% in 2Q 2022). Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł580.9k (down 42% from 1Q 2022). Net loss: zł869.6k (down zł965.3k from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • May 09
Quart Development S.A., Annual General Meeting, May 30, 2023 Quart Development S.A., Annual General Meeting, May 30, 2023, at 11:30 Central European Standard Time. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: zł0.056 (vs zł0.16 in FY 2021) Full year 2022 results: EPS: zł0.056 (down from zł0.16 in FY 2021). Revenue: zł3.62m (down 73% from FY 2021). Net income: zł723.6k (down 65% from FY 2021). Profit margin: 20% (up from 16% in FY 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 15% share price gain to zł1.73, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 6x in the Real Estate industry in Poland. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł1.99, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 6x in the Real Estate industry in Poland. Total returns to shareholders of 3.6% over the past year. Reported Earnings • May 20
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł1.01m (up 183% from 1Q 2021). Net income: zł95.7k (up zł430.7k from 1Q 2021). Profit margin: 9.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł2.56, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 5x in the Real Estate industry in Poland. Total returns to shareholders of 49% over the past three years. Reported Earnings • Nov 19
Third quarter 2021 earnings released Third quarter 2021 results: Net income: zł167.7k (up zł251.1k from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • May 22
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: zł356.6k (down 96% from 1Q 2020). Net loss: zł335.0k (down 146% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 17
Full year 2020 earnings released: zł0.02 loss per share (vs zł0.086 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: zł26.5m (up 347% from FY 2019). Net loss: zł261.6k (loss narrowed 76% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 69% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 39% share price gain to zł1.95, the stock is trading at a trailing P/E ratio of 46.8x, up from the previous P/E ratio of 33.6x. This compares to an average P/E of 8x in the Real Estate industry in Poland. Total returns to shareholders over the past three years are 6.6%.