Announcement • Jun 01
Armatura SA to Report Q3, 2026 Results on Nov 11, 2026 Armatura SA announced that they will report Q3, 2026 results on Nov 11, 2026 Announcement • May 12
Armatura SA to Report Q1, 2026 Results on May 13, 2026 Armatura SA announced that they will report Q1, 2026 results on May 13, 2026 Reported Earnings • Apr 28
Full year 2025 earnings released: RON0.02 loss per share (vs RON0 in FY 2024) Full year 2025 results: RON0.02 loss per share (further deteriorated from RON0 in FY 2024). Revenue: RON940.2k (down 46% from FY 2024). Net loss: RON816.7k (down RON829.6k from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 26
Armatura SA to Report Fiscal Year 2025 Results on Apr 23, 2026 Armatura SA announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Feb 23
Full year 2025 earnings released: RON0.02 loss per share (vs RON0 in FY 2024) Full year 2025 results: RON0.02 loss per share (further deteriorated from RON0 in FY 2024). Revenue: RON994.7k (down 42% from FY 2024). Net loss: RON791.7k (down RON804.5k from profit in FY 2024). 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 135% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RON42.8m (US$9.94m) 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 (20% average weekly change). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (RON1.3m revenue, or US$308k). Market cap is less than US$10m (RON42.8m market cap, or US$9.94m). Announcement • Jan 16
Armatura SA, Annual General Meeting, May 28, 2026 Armatura SA, Annual General Meeting, May 28, 2026. New Risk • Nov 18
New major risk - Revenue and earnings growth Earnings have declined by 18% 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 (27% average weekly change). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (RON1.3m revenue, or US$302k). Market cap is less than US$10m (RON24.8m market cap, or US$5.65m). Board Change • Oct 01
No independent 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. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 19
First quarter 2025 earnings released: EPS: RON0.002 (vs RON0.005 loss in 1Q 2024) First quarter 2025 results: EPS: RON0.002 (up from RON0.005 loss in 1Q 2024). Revenue: RON379.0k (down 20% from 1Q 2024). Net income: RON74.0k (up RON265.2k from 1Q 2024). Profit margin: 20% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance. Announcement • Mar 16
Armatura SA, Annual General Meeting, Apr 24, 2025 Armatura SA, Annual General Meeting, Apr 24, 2025, at 15:30 E. Europe Standard Time. Location: at the registered office of the company, from cluj-napoca, str. garii nr. 19, jud. cluj., Romania Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: RON0 (vs RON0.013 loss in FY 2023) Full year 2024 results: EPS: RON0 (improved from RON0.013 loss in FY 2023). Revenue: RON2.00m (up 10.0% from FY 2023). Net income: RON12.8k (up RON519.3k from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 157 percentage points per year, which is a significant difference in performance. Board Change • Jan 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 22
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 21
Second quarter 2024 earnings released: RON0.001 loss per share (vs RON0.001 loss in 2Q 2023) Second quarter 2024 results: RON0.001 loss per share (in line with 2Q 2023). Revenue: RON556.2k (up 27% from 2Q 2023). Net loss: RON23.6k (loss narrowed 61% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2024 earnings released: RON0.005 loss per share (vs RON0 in 1Q 2023) First quarter 2024 results: RON0.005 loss per share (further deteriorated from RON0 in 1Q 2023). Revenue: RON498.0k (down 10% from 1Q 2023). Net loss: RON191.2k (loss widened RON190.3k from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Board Change • Feb 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 24
Full year 2023 earnings released: RON0.013 loss per share (vs RON0.022 loss in FY 2022) Full year 2023 results: RON0.013 loss per share (improved from RON0.022 loss in FY 2022). Revenue: RON1.89m (down 9.7% from FY 2022). Net loss: RON503.7k (loss narrowed 43% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Board Change • Dec 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 19
Third quarter 2023 earnings released: RON0.006 loss per share (vs RON0.006 loss in 3Q 2022) Third quarter 2023 results: RON0.006 loss per share (in line with 3Q 2022). Revenue: RON410.1k (up 18% from 3Q 2022). Net loss: RON236.2k (loss widened 2.4% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 23
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 23
Second quarter 2023 earnings released: RON0.001 loss per share (vs RON0.008 loss in 2Q 2022) Second quarter 2023 results: RON0.001 loss per share (improved from RON0.008 loss in 2Q 2022). Revenue: RON438.1k (up 3.5% from 2Q 2022). Net loss: RON60.0k (loss narrowed 82% from 2Q 2022). 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 14% per year, which means it is significantly lagging earnings. Board Change • Jul 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 07
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 20
Third quarter 2022 earnings released: RON0.006 loss per share (vs RON0.005 profit in 3Q 2021) Third quarter 2022 results: RON0.006 loss per share (down from RON0.005 profit in 3Q 2021). Net loss: RON230.8k (down 209% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Nov 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 08
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 05
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 05
Second quarter 2021 earnings released: RON0.027 loss per share (vs RON0.015 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: RON330.0k (down 73% from 2Q 2020). Net loss: RON1.07m (loss widened 77% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.