New Risk • Oct 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (53% average weekly change). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (€274.1k market cap, or US$319.3k). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (€3.1m revenue, or US$3.6m). New Risk • May 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Less than 1 year of cash runway based on free cash flow trend (-€2.0m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (€942.6k market cap, or US$1.07m). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (€3.1m revenue, or US$3.5m). New Risk • May 16
New major risk - Revenue and earnings growth Earnings have declined by 37% 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 (-€2.0m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (€717.6k market cap, or US$803.5k). Minor Risk Revenue is less than US$5m (€3.1m revenue, or US$3.5m). Announcement • May 02
EV Digital Invest AG, Annual General Meeting, Jun 11, 2025 EV Digital Invest AG, Annual General Meeting, Jun 11, 2025, at 11:00 W. Europe Standard Time. New Risk • Jan 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 8.5% 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 (-€2.1m free cash flow). Market cap is less than US$10m (€2.37m market cap, or US$2.46m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€2.4m net loss in 2 years). Share price has been volatile over the past 3 months (8.5% average weekly change). Revenue is less than US$5m (€4.2m revenue, or US$4.4m). New Risk • Jun 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 German stocks, typically moving 6.8% 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 (-€2.1m free cash flow). Revenue has declined by 20% over the past year. Market cap is less than US$10m (€8.58m market cap, or US$9.23m). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Revenue is less than US$5m (€4.1m revenue, or US$4.5m). New Risk • May 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.00m (US$9.80m) 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 (-€2.1m free cash flow). Revenue has declined by 20% over the past year. Market cap is less than US$10m (€9.00m market cap, or US$9.80m). Minor Risks Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Revenue is less than US$5m (€4.1m revenue, or US$4.5m). New Risk • Apr 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% 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 Less than 1 year of cash runway based on free cash flow trend (-€2.1m free cash flow). Revenue has declined by 18% over the past year. Minor Risks Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Revenue is less than US$5m (€4.3m revenue, or US$4.6m). Market cap is less than US$100m (€9.66m market cap, or US$10.3m). Reported Earnings • Apr 18
Full year 2023 earnings released Full year 2023 results: Revenue: €4.28m (down 18% from FY 2022). Net loss: €3.69m (loss widened 11% from FY 2022). New Risk • Apr 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.99m (US$9.77m) 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 Revenue has declined by 9.6% over the past year. Market cap is less than US$10m (€8.99m market cap, or US$9.77m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (€4.3m revenue, or US$4.7m). New Risk • Mar 22
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 6.9% 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 Revenue has declined by 9.6% over the past year. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (€4.3m revenue, or US$4.7m). Market cap is less than US$100m (€9.97m market cap, or US$10.8m). Announcement • Dec 14
EV Digital Invest Announces Change to Its Management Board EV Digital Invest AG announced With effect from December 31st, 2023, Mr. Tobias Barten, who held the role of Co-CEO, will leave the Management Board. In this course, previous Co-CEO Marc Laubenheimer is appointed Chairman of the Management Board of the company for a term till December 31st, 2026. Mr. Laubenheimer's contract has been extended accordingly ahead of schedule. In addition, Karl Poerschke, previously authorized signatory and Head of Operations, Finance, Strategy & Product, will be appointed to the Management Board effective as of January 1st, 2024. He will take on the role of COO and lead the company alongside Mr. Laubenheimer. Mr. Poerschke's tenure and contract were also determined and concluded for a period of three years. New Risk • Nov 10
New major risk - Revenue and earnings growth Revenue has declined by 9.6% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue has declined by 9.6% over the past year. Minor Risks Revenue is less than US$5m (€4.3m revenue, or US$4.6m). Market cap is less than US$100m (€19.0m market cap, or US$20.3m). New Risk • Jun 11
New major risk - Revenue and earnings growth Revenue has declined by 36% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risk Revenue has declined by 36% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Large one-off items impacting financial results. Revenue is less than US$5m (€2.4m revenue, or US$2.6m). Market cap is less than US$100m (€26.7m market cap, or US$28.7m). Announcement • Jun 09
EV Digital Invest AG (DB:ENGL) signed a purchase agreement to acquire Wevest Vermögensverwaltung Ag. EV Digital Invest AG (DB:ENGL) signed a purchase agreement to acquire Wevest Vermögensverwaltung Ag on June 7, 2023. The purchase price will be paid through issuance of 237,246 new registered shares of EV Digital Invest and cash component using from the 2022 IPO. The transaction is subject to approval by BaFin. 
