New Risk • May 25
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 German stocks, typically moving 8.7% 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 Shareholders have been substantially diluted in the past year (190% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€4.5m net loss in 3 years). Share price has been volatile over the past 3 months (8.7% average weekly change). Announcement • Mar 19
Avantium N.V., Annual General Meeting, May 12, 2026 Avantium N.V., Annual General Meeting, May 12, 2026. Announcement • Sep 06
Avantium N.V. has filed a Follow-on Equity Offering in the amount of €65.357728 million. Avantium N.V. has filed a Follow-on Equity Offering in the amount of €65.357728 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,529,210
Price\Range: €5.4
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,574,073
Price\Range: €5.4
Transaction Features: Regulation S; Rights Offering Announcement • Mar 20
Avantium N.V., Annual General Meeting, May 14, 2025 Avantium N.V., Annual General Meeting, May 14, 2025. Location: wicked grounds, amsterdam Netherlands Recent Insider Transactions • Sep 05
Key Executive recently bought €103k worth of stock On the 2nd of September, Edwin Moses bought around 55k shares on-market at roughly €1.88 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Edwin's only on-market trade for the last 12 months. New Risk • Aug 31
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 German 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 Risk Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€115m). Currently unprofitable and not forecast to become profitable over next 2 years (€30m net loss in 2 years). Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Aug 23
First half 2024 earnings released: €0.19 loss per share (vs €0.48 loss in 1H 2023) First half 2024 results: €0.19 loss per share (improved from €0.48 loss in 1H 2023). Revenue: €11.3m (up 56% from 1H 2023). Net loss: €12.4m (loss narrowed 33% from 1H 2023). Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Feb 15
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 Risk Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€25m net loss in 3 years). Share price has been volatile over the past 3 months (10% average weekly change). Significant insider selling over the past 3 months (€85k sold). Announcement • Feb 14
Avantium N.V. announced that it has received €4.5 million in funding Avantium N.V. announced a private placement of ordinary shares for the gross proceeds of €4.5 million on February 12, 2024. The transaction will include participation from new investor, SENFI Ventures Company Limited. New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€25m net loss in 3 years). Significant insider selling over the past 3 months (€85k sold). New Risk • Feb 08
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 German 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 (-€68m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€27m net loss in 3 years). Significant insider selling over the past 3 months (€85k sold). Recent Insider Transactions • Feb 06
CEO & Member of Management Board recently sold €85k worth of stock On the 30th of January, Tom van Aken sold around 30k shares on-market at roughly €2.84 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Tom's only on-market trade for the last 12 months. New Risk • Dec 14
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: -€68m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-€68m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€24m net loss in 3 years). Share price has been volatile over the past 3 months (8.4% average weekly change). New Risk • Nov 24
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 German stocks, typically moving 7.4% 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€68m). Currently unprofitable and not forecast to become profitable over next 3 years (€24m net loss in 3 years). Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Aug 20
First half 2023 earnings released: €0.48 loss per share (vs €0.45 loss in 1H 2022) First half 2023 results: €0.48 loss per share (further deteriorated from €0.45 loss in 1H 2022). Revenue: €7.26m (up 46% from 1H 2022). Net loss: €18.5m (loss widened 13% from 1H 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Aug 18
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: -€68m 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€68m). Currently unprofitable and not forecast to become profitable over next 3 years (€25m net loss in 3 years). Reported Earnings • Mar 25
Full year 2022 earnings released: €0.80 loss per share (vs €0.82 loss in FY 2021) Full year 2022 results: €0.80 loss per share. Revenue: €25.5m (up 133% from FY 2021). Net loss: €29.6m (loss widened 21% from FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Reported Earnings • Aug 19
First half 2022 earnings released: €0.45 loss per share (vs €0.39 loss in 1H 2021) First half 2022 results: €0.45 loss per share (down from €0.39 loss in 1H 2021). Revenue: €8.17m (up 72% from 1H 2021). Net loss: €16.4m (loss widened 50% from 1H 2021). Over the next year, revenue is forecast to grow 29%, compared to a 8.1% growth forecast for the Professional Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released: €0.88 loss per share (vs €0.91 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: €9.86m (down 29% from FY 2019). Net loss: €22.8m (loss narrowed 3.0% from FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 18
New 90-day low: €5.76 The company is down 2.0% from its price of €5.88 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 28
New 90-day high: €6.64 The company is up 14% from its price of €5.80 on 28 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.