Reported Earnings • Jun 05
Full year 2025 earnings released: EPS: €0.55 (vs €0.55 loss in FY 2024) Full year 2025 results: EPS: €0.55 (up from €0.55 loss in FY 2024). Revenue: €46.8m (down 8.6% from FY 2024). Net income: €5.51m (up €11.0m from FY 2024). Profit margin: 12% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Announcement • Jun 02
USU Software AG, Annual General Meeting, Jul 09, 2026 USU Software AG, Annual General Meeting, Jul 09, 2026, at 10:00 W. Europe Standard Time. New Risk • Mar 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €86.5m (US$99.7m) This is considered a minor 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 Risk Revenue has declined by 0.7% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (€86.5m market cap, or US$99.7m). New Risk • Jan 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €86.0m (US$99.8m) This is considered a minor 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 Risk Revenue has declined by 0.7% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (€86.0m market cap, or US$99.8m). New Risk • Dec 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Earnings have declined by 21% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). New Risk • Jul 11
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 16% 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 (16% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 35x cash flows per share. Earnings have declined by 21% per year over the past 5 years. Upcoming Dividend • Jul 04
Upcoming dividend of €14.50 per share Eligible shareholders must have bought the stock before 11 July 2025. Payment date: 15 July 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 60%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (0.9%). New Risk • Jun 06
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 133% Earnings have declined by 16% per year over the past 5 years. New Risk • Jun 05
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 92% Cash payout ratio: 133% Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 05
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: €0.55 loss per share (down from €0.53 profit in FY 2023). Revenue: €51.2m (down 61% from FY 2023). Net loss: €5.50m (down 204% from profit in FY 2023). Revenue missed analyst estimates by 65%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Germany. New Risk • May 25
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. This is currently the only risk that has been identified for the company. Announcement • Mar 28
Usu Software Ag Successfully Completes Autoqml Research Project USU Software AG, together with seven partners, has successfully completed the AutoQML research project. Funded by the German Federal Ministry for Economic Affairs and Climate Action, the project aimed to combine methods of automated machine learning (AutoML) with the capabilities of quantum computing. As part of the project, an open-source platform was developed to make this forward-looking technology more accessible to businesses. AutoML simplifies the development of AI models by automating many manual steps. By integrating quantum computing, these processes can become even more efficient and powerful. The AutoQML platform provides a modular library that includes both classical and quantum-based methods, which can be used even without deep technical expertise. In the project, USU contributed its expertise in software architecture and user guidance. The company developed key components of the framework, including a solution for the simple configuration of ML applications. The goal was to make complex technologies more usable for medium-sized enterprises. The platform’s practical applicability was demonstrated through use cases in production environments – such as automated quality control and predictive maintenance of machinery. These showed that AutoQML models can match – and in some cases exceed – the performance of classical methods, often with significantly lower effort. In addition to USU, project partners included the Fraunhofer Institutes IAO and IPA, GFT Integrated Systems, IAV GmbH, KEB Automation KG, TRUMPF, and Zeppelin GmbH. Together, they laid an important foundation for the future use of quantum AI in industry. New Risk • Dec 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. 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: Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Dividend is not well covered by earnings (92% payout ratio). Announcement • Oct 01
USU Software Ag Announces Management and Board Changes of USUroduct USU Software AG announced that Benjamin Strehl, currently Co-CEO of USU Software AG, will become CEO of USU Product and Bernhard Oberschmidt will join the board of directors. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €19.95, the stock trades at a trailing P/E ratio of 33.3x. Average forward P/E is 18x in the Software industry in Germany. Announcement • Jul 05
USU Software AG to Report Nine Months, 2024 Results on Nov 21, 2024 USU Software AG announced that they will report nine months, 2024 results on Nov 21, 2024