New Risk • Nov 20
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: -zł693k 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 (-zł693k free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (zł7.60m market cap, or US$2.07m). Minor Risk Revenue is less than US$5m (zł15m revenue, or US$4.0m). Announcement • Nov 12
Hurtimex SA to Report Q3, 2025 Results on Nov 14, 2025 Hurtimex SA announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł3.58m (up 40% from 2Q 2024). Net loss: zł353.3k (loss widened 72% from 2Q 2024). New Risk • Jul 01
New major risk - Revenue and earnings growth Earnings have declined by 10% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (zł5.21m market cap, or US$1.45m). Minor Risks High level of debt (41% net debt to equity). Revenue is less than US$5m (zł15m revenue, or US$4.2m). Announcement • Jun 11
Hurtimex SA, Annual General Meeting, Jul 07, 2025 Hurtimex SA, Annual General Meeting, Jul 07, 2025, at 10:00 Central European Standard Time. New Risk • Jun 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 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 Market cap is less than US$10m (zł4.92m market cap, or US$1.31m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (zł15m revenue, or US$4.1m). Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł2.56m (down 1.5% from 2Q 2023). Net loss: zł205.3k (down 123% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jun 05
Hurtimex SA, Annual General Meeting, Jun 26, 2024 Hurtimex SA, Annual General Meeting, Jun 26, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł3.68m (up 27% from 1Q 2023). Net loss: zł146.8k (loss narrowed 70% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: zł0.004 (vs zł0.006 loss in FY 2022) Full year 2023 results: EPS: zł0.004 (up from zł0.006 loss in FY 2022). Revenue: zł13.0m (up 16% from FY 2022). Net income: zł143.1k (up zł344.6k from FY 2022). Profit margin: 1.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Nov 24
New major risk - Revenue and earnings growth Earnings have declined by 0.4% 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 Shares are highly illiquid. Earnings have declined by 0.4% per year over the past 5 years. Market cap is less than US$10m (zł5.47m market cap, or US$1.36m). Minor Risk Revenue is less than US$5m (zł13m revenue, or US$3.3m). Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł2.60m (up 24% from 2Q 2022). Net income: zł887.9k (down 35% from 2Q 2022). Profit margin: 34% (down from 65% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 04
Hurtimex SA, Annual General Meeting, Jun 30, 2023 Hurtimex SA, Annual General Meeting, Jun 30, 2023, at 10:00 Central European Standard Time. Reported Earnings • Jun 04
Full year 2022 earnings released Full year 2022 results: Revenue: zł11.2m (up 4.5% from FY 2021). Net loss: zł201.5k (down 129% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Jun 07
Hurtimex SA, Annual General Meeting, Jun 30, 2022 Hurtimex SA, Annual General Meeting, Jun 30, 2022, at 10:00 Central European Standard Time. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł0.038 (up from zł0.006 in FY 2020). Revenue: zł10.7m (up 50% from FY 2020). Net income: zł828.9k (up zł696.9k from FY 2020). Profit margin: 7.7% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 12
New 90-day high: zł0.23 The company is up 9.0% from its price of zł0.21 on 13 October 2020. The Polish market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 31% over the same period. Announcement • Jul 19
Hurtimex SA to Report Fiscal Year 2019 Final Results on Jul 31, 2020 Hurtimex SA announced that they will report fiscal year 2019 final results on Jul 31, 2020