New Risk • 4h
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: -zł132k 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 (-zł132k free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-zł12m). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m (zł1.9m revenue, or US$523k). Minor Risk Market cap is less than US$100m (zł40.0m market cap, or US$11.0m). New Risk • Apr 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł35.8m (US$9.96m) 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-zł12m). Revenue is less than US$1m (zł2.3m revenue, or US$636k). Market cap is less than US$10m (zł35.8m market cap, or US$9.96m). Announcement • Feb 10
Lokaty Budowlane S.A. to Report Q4, 2025 Results on Feb 12, 2026 Lokaty Budowlane S.A. announced that they will report Q4, 2025 results on Feb 12, 2026 Reported Earnings • Nov 19
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł460.8k (down 47% from 3Q 2024). Net loss: zł59.9k (down 118% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 11
Lokaty Budowlane S.A. to Report Q3, 2025 Results on Nov 13, 2025 Lokaty Budowlane S.A. announced that they will report Q3, 2025 results on Nov 13, 2025 New Risk • Oct 13
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 Polish stocks, typically moving 9.6% 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 (-zł357k free cash flow). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Negative equity (-zł11m). Revenue is less than US$1m (zł2.7m revenue, or US$735k). Minor Risk Market cap is less than US$100m (zł56.8m market cap, or US$15.5m). Reported Earnings • Aug 19
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł547.4k (down 63% from 2Q 2024). Net income: zł6.7k (down 99% from 2Q 2024). Profit margin: 1.2% (down from 34% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. New Risk • Jun 17
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: zł3.6m (US$977k) This is considered a major risk. Companies with a small amount of revenue 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 Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-zł10m). Revenue is less than US$1m (zł3.6m revenue, or US$977k). Minor Risk Market cap is less than US$100m (zł44.3m market cap, or US$11.9m). 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 Risks Interest payments are not well covered by earnings (2.3x net interest cover). Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-zł10m). Market cap is less than US$10m (zł33.6m market cap, or US$9.00m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (zł4.6m revenue, or US$1.2m). Buy Or Sell Opportunity • Oct 30
Now 26% overvalued Over the last 90 days, the stock has fallen 27% to zł0.45. The fair value is estimated to be zł0.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 55% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł1.49m (up 401% from 2Q 2023). Net income: zł510.2k (up zł566.9k from 2Q 2023). Profit margin: 34% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Announcement • Jul 12
Lokaty Budowlane S.A., Annual General Meeting, Aug 07, 2024 Lokaty Budowlane S.A., Annual General Meeting, Aug 07, 2024, at 10:00 Central European Standard Time. Location: ul koszykowa 59 lok 4, warsaw Poland Announcement • Jun 08
Lokaty Budowlane S.A., Annual General Meeting, Jul 03, 2024 Lokaty Budowlane S.A., Annual General Meeting, Jul 03, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł880.3k (up 304% from 1Q 2023). Net income: zł241.4k (up zł377.7k from 1Q 2023). Profit margin: 27% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: zł0 (vs zł0.015 loss in FY 2022) Full year 2023 results: EPS: zł0 (improved from zł0.015 loss in FY 2022). Revenue: zł2.47m (up 24% from FY 2022). Net loss: zł16.2k (loss narrowed 98% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. New Risk • Oct 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 Polish stocks, typically moving 9.5% 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 (9.5% average weekly change). Negative equity (-zł13m). Revenue is less than US$1m (zł1.8m revenue, or US$426k). Market cap is less than US$10m (zł18.8m market cap, or US$4.36m). Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł296.8k (down 31% from 2Q 2022). Net loss: zł56.7k (loss narrowed 54% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Jun 13
Lokaty Budowlane S.A., Annual General Meeting, Jul 04, 2023 Lokaty Budowlane S.A., Annual General Meeting, Jul 04, 2023, at 12:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł218.1k (down 10% from 1Q 2022). Net loss: zł136.3k (loss widened 382% from 1Q 2022). Reported Earnings • Feb 19
Full year 2022 earnings released: zł0.017 loss per share (vs zł0.10 profit in FY 2021) Full year 2022 results: zł0.017 loss per share (down from zł0.10 profit in FY 2021). Revenue: zł2.04m (down 87% from FY 2021). Net loss: zł740.6k (down 116% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 17
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be zł0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 19
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł430.3k (up 5.4% from 2Q 2021). Net loss: zł122.8k (loss widened 245% from 2Q 2021). Announcement • Jun 29
Lokaty Budowlane S.A., Annual General Meeting, Jul 25, 2022 Lokaty Budowlane S.A., Annual General Meeting, Jul 25, 2022, at 11:00 Central European Standard Time. Agenda: Annual General Meeting. Reported Earnings • May 21
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł243.1k (up 216% from 1Q 2021). Net loss: zł28.3k (loss narrowed 84% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł0.099 (up from zł0.035 loss in FY 2020). Revenue: zł15.7m (up 396% from FY 2020). Net income: zł4.37m (up zł5.91m from FY 2020). Profit margin: 28% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 09
Lokaty Budowlane S.A. to Report Q3, 2022 Results on Feb 10, 2022 Lokaty Budowlane S.A. announced that they will report Q3, 2022 results on Feb 10, 2022 Reported Earnings • Nov 19
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł10.2m (up zł9.81m from 3Q 2020). Net income: zł3.75m (up zł4.16m from 3Q 2020). Profit margin: 37% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Reported Earnings • Feb 18
Full year 2020 earnings released: zł0.029 loss per share (vs zł0.30 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: zł3.21m (down 90% from FY 2019). Net loss: zł1.28m (loss narrowed 90% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. 
