New Risk • Mar 20
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 13% 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 (-zł1.5m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (zł461k revenue, or US$124k). Market cap is less than US$10m (zł24.7m market cap, or US$6.66m). Announcement • Feb 10
Yoshi Innovation S.A. to Report Q4, 2025 Results on Feb 13, 2026 Yoshi Innovation S.A. announced that they will report Q4, 2025 results on Feb 13, 2026 Announcement • Nov 13
Yoshi Innovation S.A. to Report Q3, 2025 Results on Nov 14, 2025 Yoshi Innovation S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • May 18
First quarter 2025 earnings released First quarter 2025 results: Net loss: zł1.37m (loss widened 8.8% from 1Q 2024). Reported Earnings • Feb 20
Full year 2024 earnings released: zł0.22 loss per share (vs zł0.18 loss in FY 2023) Full year 2024 results: zł0.22 loss per share (further deteriorated from zł0.18 loss in FY 2023). Net loss: zł5.22m (loss widened 32% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Net loss: zł1.20m (loss widened 25% from 2Q 2023). New Risk • Jul 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% 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 (-zł383k free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 52% per year over the past 5 years. Revenue is less than US$1m (zł1.2m revenue, or US$295k). Minor Risks Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (zł66.9m market cap, or US$16.9m). Announcement • May 31
Yoshi Innovation S.A., Annual General Meeting, Jun 24, 2024 Yoshi Innovation S.A., Annual General Meeting, Jun 24, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Net loss: zł1.26m (loss widened 12% from 1Q 2023). Reported Earnings • Feb 16
Full year 2023 earnings released: zł0.18 loss per share (vs zł0.20 loss in FY 2022) Full year 2023 results: zł0.18 loss per share (improved from zł0.20 loss in FY 2022). Net loss: zł3.94m (loss narrowed 10% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Buy Or Sell Opportunity • Jan 31
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 122% to zł1.98. The fair value is estimated to be zł1.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 41% over the last 3 years. Earnings per share has declined by 7.4%. New Risk • Jan 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł39.8m (US$9.90m) 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 (15% average weekly change). Earnings have declined by 61% per year over the past 5 years. Revenue is less than US$1m (zł1.2m revenue, or US$310k). Market cap is less than US$10m (zł39.8m market cap, or US$9.90m). Buying Opportunity • Nov 28
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be zł1.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Nov 19
Third quarter 2023 earnings released Third quarter 2023 results: Net loss: zł663.9k (loss narrowed 41% from 3Q 2022). Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: Net loss: zł959.8k (loss narrowed 54% from 2Q 2022). Announcement • Jun 04
Yoshi Innovation S.A., Annual General Meeting, Jun 30, 2023 Yoshi Innovation S.A., Annual General Meeting, Jun 30, 2023, at 10:45 Central European Standard Time. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Net loss: zł1.13m (loss widened 5.8% from 1Q 2022). Reported Earnings • Feb 19
Full year 2022 earnings released: zł0.20 loss per share (vs zł0.025 loss in FY 2021) Full year 2022 results: zł0.20 loss per share (further deteriorated from zł0.025 loss in FY 2021). Net loss: zł4.32m (loss widened zł3.77m from FY 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 19
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: zł2.08m (loss widened zł1.91m from 2Q 2021). Announcement • Jun 07
Yoshi Innovation S.A., Annual General Meeting, Jun 30, 2022 Yoshi Innovation S.A., Annual General Meeting, Jun 30, 2022, at 13:00 Central European Standard Time. Reported Earnings • May 20
First quarter 2022 earnings released First quarter 2022 results: Net loss: zł51.3k (loss narrowed 14% from 1Q 2021). Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: zł0.025 loss per share (up from zł0.42 loss in FY 2020). Net loss: zł544.1k (loss narrowed 53% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released Third quarter 2021 results: Net loss: zł116.6k (down 418% from profit in 3Q 2020). Reported Earnings • Aug 19
Second quarter 2021 earnings released Second quarter 2021 results: Net loss: zł167.1k (down zł205.1k from profit in 2Q 2020). Is New 90 Day High Low • Mar 16
New 90-day high: zł3.50 The company is up 87% from a price of zł1.87 on 16 December 2020. Outperformed the Polish market which is up 6.0% over the last 90 days. Exceeded the IT industry, which is up 15% over the same period. Announcement • Feb 18
Acrebit S.A. to Report Q4, 2020 Results on Mar 08, 2021 Acrebit S.A. announced that they will report Q4, 2020 results on Mar 08, 2021 Reported Earnings • Feb 17
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: zł2.16m (down 17% from FY 2019). Net loss: zł1.18m (loss widened 100% from FY 2019). Is New 90 Day High Low • Feb 17
New 90-day high: zł3.42 The company is up 57% from its price of zł2.18 on 19 November 2020. The Polish market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: zł1.70 The company is down 57% from its price of zł3.92 on 15 September 2020. The Polish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 12% over the same period. Is New 90 Day High Low • Nov 24
New 90-day low: zł2.06 The company is down 44% from its price of zł3.66 on 25 August 2020. The Polish market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 15% over the same period. Announcement • Sep 11
Acrebit S.A. (WSE:ACR) acquired Yoshi SA. Acrebit S.A. (WSE:ACR) acquired Yoshi SA on September 10, 2020. The consideration includes issuance of 18.25 million Series D shares and cash payment of PLN 1.75 million. The cash consideration will be paid after issuance of Class E shares. In a related transaction, Acrebit will divest all assets.
Acrebit S.A. (WSE:ACR) completed the acquisition of Yoshi SA on September 10, 2020.