Announcement • Apr 09
Q-Interline A/S, Annual General Meeting, Apr 23, 2026 Q-Interline A/S, Annual General Meeting, Apr 23, 2026, at 16:00 Romance Standard Time. Location: q-interline a/s, stengardsvej 7, 4340 tollose, Denmark New Risk • Apr 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr.62.4m (US$9.68m) 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 (-kr.13m free cash flow). Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (kr.62.4m market cap, or US$9.68m). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Reported Earnings • Apr 01
Full year 2025 earnings released: kr.0.88 loss per share (vs kr.0.84 loss in FY 2024) Full year 2025 results: kr.0.88 loss per share (further deteriorated from kr.0.84 loss in FY 2024). Revenue: kr.34.8m (down 11% from FY 2024). Net loss: kr.17.7m (loss widened 35% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr.18m free cash flow). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (kr.68.6m market cap, or US$10.7m). New Risk • Jan 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr.61.5m (US$9.83m) 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 (-kr.18m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Market cap is less than US$10m (kr.61.5m market cap, or US$9.83m). New Risk • Dec 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% 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 Less than 1 year of cash runway based on free cash flow trend (-kr.18m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr.75.3m market cap, or US$11.8m). New Risk • Oct 02
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 Danish stocks, typically moving 5.8% 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 (-kr.18m free cash flow). Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (kr.79.2m market cap, or US$12.5m). Reported Earnings • Aug 27
First half 2025 earnings released: kr.0.53 loss per share (vs kr.0.54 loss in 1H 2024) First half 2025 results: kr.0.53 loss per share. Revenue: kr.15.5m (down 11% from 1H 2024). Net loss: kr.9.56m (loss widened 22% from 1H 2024). New Risk • Mar 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 (-kr.19m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 39% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (kr.113.3m market cap, or US$16.4m). Announcement • Mar 17
Q-Interline A/S, Annual General Meeting, Apr 24, 2025 Q-Interline A/S, Annual General Meeting, Apr 24, 2025, at 16:00 Romance Standard Time. Location: skoemagerkroen, landevejen 4, 4060 kirke saby, Denmark New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr.10.0m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (kr.31m revenue, or US$4.6m). Market cap is less than US$100m (kr.110.3m market cap, or US$16.0m). Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Non-Independent Director Jakob Larsen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
First half 2024 earnings released: kr.0.54 loss per share (vs kr.0.24 loss in 1H 2023) First half 2024 results: kr.0.54 loss per share (further deteriorated from kr.0.24 loss in 1H 2023). Revenue: kr.17.4m (down 3.4% from 1H 2023). Net loss: kr.7.85m (loss widened 136% from 1H 2023). New Risk • Aug 22
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: -kr.10.0m 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr.10.0m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (kr.31m revenue, or US$4.7m). Market cap is less than US$100m (kr.97.1m market cap, or US$14.5m). New Risk • Jun 14
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 Danish 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 (-kr.6.3m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Revenue is less than US$5m (kr.32m revenue, or US$4.6m). Market cap is less than US$100m (kr.86.3m market cap, or US$12.4m). Reported Earnings • Mar 17
Full year 2023 earnings released Full year 2023 results: Revenue: kr.31.9m (up 22% from FY 2022). Net loss: kr.10.1m (loss narrowed 16% from FY 2022). New Risk • Mar 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr.16m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue has declined by 17% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Revenue is less than US$5m (kr.28m revenue, or US$4.1m). Market cap is less than US$100m (kr.118.1m market cap, or US$17.3m). New Risk • Mar 04
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 Danish stocks, typically moving 9.7% 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 (-kr.16m free cash flow). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Revenue has declined by 17% over the past year. Minor Risks Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Revenue is less than US$5m (kr.28m revenue, or US$4.1m). Market cap is less than US$100m (kr.105.6m market cap, or US$15.4m). New Risk • Feb 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% 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 (-kr.16m free cash flow). Revenue has declined by 17% over the past year. Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Revenue is less than US$5m (kr.28m revenue, or US$4.1m). Market cap is less than US$100m (kr.112.0m market cap, or US$16.2m). Reported Earnings • Aug 23
First half 2023 earnings released: kr.0.24 loss per share (vs kr.0.25 loss in 1H 2022) First half 2023 results: kr.0.24 loss per share (improved from kr.0.25 loss in 1H 2022). Revenue: kr.18.0m (up 14% from 1H 2022). Net loss: kr.3.32m (loss narrowed 4.7% from 1H 2022). New Risk • Aug 18
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 10% 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 (-kr.19m free cash flow). Revenue has declined by 9.4% over the past year. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (kr.26m revenue, or US$3.8m). Market cap is less than US$100m (kr.124.7m market cap, or US$18.2m). Reported Earnings • Mar 16
Full year 2022 earnings released: kr.131 loss per share (vs kr.0.21 loss in FY 2021) Full year 2022 results: kr.131 loss per share (further deteriorated from kr.0.21 loss in FY 2021). Revenue: kr.28.8m (flat on FY 2021). Net loss: kr.2.00m (flat on FY 2021).