New Risk • Dec 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 (-zł3.2m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 55% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Revenue is less than US$5m (zł3.6m revenue, or US$1.0m). Market cap is less than US$100m (zł152.1m market cap, or US$42.3m). Announcement • Nov 11
Proacta S.A. to Report Q3, 2025 Results on Nov 14, 2025 Proacta S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Sep 25
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 9.8% 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 (-zł3.2m free cash flow). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 55% per year over the past 5 years. Minor Risks Revenue is less than US$5m (zł3.6m revenue, or US$1.0m). Market cap is less than US$100m (zł114.1m market cap, or US$31.5m). Reported Earnings • May 18
First quarter 2025 earnings released First quarter 2025 results: Net loss: zł574.5k (loss narrowed 53% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Aug 25
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: -zł2.0m 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 (-zł2.0m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 47% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 13x increase in shares outstanding). Revenue is less than US$1m (zł3.3m revenue, or US$873k). Minor Risk Market cap is less than US$100m (zł82.8m market cap, or US$21.7m). Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Net loss: zł919.4k (loss widened 161% from 2Q 2023). Announcement • Jun 05
Proacta S.A., Annual General Meeting, Jun 28, 2024 Proacta S.A., Annual General Meeting, Jun 28, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł1.49m (up zł1.49m from 1Q 2023). Net loss: zł1.21m (loss widened zł1.09m from 1Q 2023). New Risk • Apr 19
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 9.7% 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 Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 13x increase in shares outstanding). Revenue is less than US$1m (zł3.9m revenue, or US$956k). Minor Risk Market cap is less than US$100m (zł113.4m market cap, or US$27.8m). Reported Earnings • Feb 18
Full year 2023 earnings released: zł0.016 loss per share (vs zł0.28 loss in FY 2022) Full year 2023 results: zł0.016 loss per share (improved from zł0.28 loss in FY 2022). Net loss: zł1.82m (loss narrowed 19% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 18
Third quarter 2023 earnings released Third quarter 2023 results: Net loss: zł554.8k (loss widened 315% from 3Q 2022). New Risk • Oct 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 13x increase in shares outstanding. 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 (-zł415k free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 13x increase in shares outstanding). Revenue is less than US$1m (zł385k revenue, or US$88k). Minor Risk Market cap is less than US$100m (zł122.4m market cap, or US$28.0m). Reported Earnings • Aug 20
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł1.7k (down 100% from 2Q 2022). Net loss: zł352.3k (loss widened zł300.5k from 2Q 2022). Reported Earnings • Jul 21
First quarter 2023 earnings released: zł0.015 loss per share (vs zł0 in 1Q 2022) First quarter 2023 results: zł0.015 loss per share (further deteriorated from zł0 in 1Q 2022). Revenue: zł2.2k (down 100% from 1Q 2022). Net loss: zł114.4k (loss widened zł114.1k from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 35% 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. Announcement • Jun 13
Codeaddict S.A., Annual General Meeting, Jun 30, 2023 Codeaddict S.A., Annual General Meeting, Jun 30, 2023, at 13:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł2.2k (down 100% from 1Q 2022). Net loss: zł151.5k (loss widened zł151.2k from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 20
Full year 2022 earnings released: zł0.064 loss per share (vs zł0.03 loss in FY 2021) Full year 2022 results: zł0.064 loss per share (further deteriorated from zł0.03 loss in FY 2021). Revenue: zł1.28m (up 30% from FY 2021). Net loss: zł506.5k (loss widened 115% from FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Jun 07
Codeaddict S.A., Annual General Meeting, Jun 30, 2022 Codeaddict S.A., Annual General Meeting, Jun 30, 2022, at 12:00 Central European Standard Time. Reported Earnings • Feb 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł0.007 (up from zł0.20 loss in FY 2020). Revenue: zł985.3k (up 7.6% from FY 2020). Net income: zł55.0k (up zł1.13m from FY 2020). Profit margin: 5.6% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year. Is New 90 Day High Low • Jan 28
New 90-day high: zł4.20 The company is up 182% from its price of zł1.49 on 30 October 2020. The Polish market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: zł2.34 The company is up 48% from its price of zł1.58 on 25 August 2020. The Polish market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 6.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day high: zł2.10 The company is up 38% from its price of zł1.52 on 30 June 2020. The Polish market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 3.0% over the same period. Announcement • Jul 17
Bit Evil S.A. to Report Q1, 2020 Results on Jun 17, 2020 Bit Evil S.A. announced that they will report Q1, 2020 results on Jun 17, 2020