New Risk • Jun 07
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Revenue is less than US$5m (€1.8m revenue, or US$2.1m). Market cap is less than US$100m (€28.9m market cap, or US$33.3m). Tillkännagivande • Jun 01
Rubean AG, Annual General Meeting, Jul 08, 2026 Rubean AG, Annual General Meeting, Jul 08, 2026, at 13:00 W. Europe Standard Time. New Risk • Jan 08
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 German stocks, typically moving 14% 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 (14% average weekly change). Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Revenue is less than US$5m (€1.8m revenue, or US$2.1m). Market cap is less than US$100m (€24.5m market cap, or US$28.6m). Tillkännagivande • Jan 08
Rubean AG Announces the launch of Rubean Backup-POS At NRF 2026 Rubean AG will showcase Rubean SoftPOS in action on Zebra mobile devices at Zebra Technologies' booth (#3303) at NRF 2026, January 11-13, at the Jacob K. Javits Convention Center in New York City. Rubean is a Registered ISV and Reseller Partner in Zebra's award-winning PartnerConnect program. Rubean SoftPOS transforms Zebra mobile devices into versatile payment terminals, enabling retailers to accept contactless card payments directly on mobile computers, tablets, personal shopper devices and kiosk computers. The solution supports all major payment systems and acquirers, providing retailers and other merchants with unprecedented flexibility in payment acceptance. At NRF, Rubean is launching Rubean Backup-POS, a software-based failover Point-of-Sale solution for retailers, running on Zebra's devices. Rubean Backup-POS serves as a critical business continuity safeguard, enabling payments on Zebra devices even in critical situations, such as when a retailer experiences downtimes of the main payments system, power supply, Internet connectivity or the main POS system. In those situations, every Zebra device can ensure uninterrupted business transaction capabilities and protect retailers' revenue. Zebra's mobile computers, tablets and kiosks provide the robust platform needed for enterprise-grade payment processing in demanding retail and hospitality environments. By running Rubean SoftPOS on Zebra hardware, retailers gain a comprehensive solution that combines Zebra's technology with Rubean's advanced payment expertise. Both parts together deliver a reliable solution, that just works. New Risk • Dec 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Revenue is less than US$5m (€1.8m revenue, or US$2.1m). Market cap is less than US$100m (€24.9m market cap, or US$29.4m). Breakeven Date Change • Nov 10
Forecast breakeven date pushed back to 2027 The analyst covering Rubean previously expected the company to break even in 2026. New forecast suggests the company will make a profit of €1.00m in 2027. Average annual earnings growth of 103% is required to achieve expected profit on schedule. New Risk • Aug 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Revenue is less than US$5m (€1.8m revenue, or US$2.1m). Market cap is less than US$100m (€35.8m market cap, or US$41.6m). New Risk • Jul 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% 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 Risk Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (€1.8m revenue, or US$2.1m). Market cap is less than US$100m (€35.3m market cap, or US$41.3m). Tillkännagivande • Jun 09
Rubean AG, Annual General Meeting, Jul 14, 2025 Rubean AG, Annual General Meeting, Jul 14, 2025, at 15:00 W. Europe Standard Time. Reported Earnings • Jun 08
Full year 2024 earnings released Full year 2024 results: Revenue: €1.78m (up 115% from FY 2023). Net loss: €1.67m (loss widened 5.3% from FY 2023). Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Germany. New Risk • May 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue is less than US$1m (€829k revenue, or US$925k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (€21.0m market cap, or US$23.4m). New Risk • Apr 09
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 German stocks, typically moving 12% 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 (12% average weekly change). Revenue is less than US$1m (€829k revenue, or US$908k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (€15.4m market cap, or US$16.9m). Tillkännagivande • Apr 09
Rubean AG Announces Change in the Supervisory Board There has been a change in the Supervisory Board of Rubean AG. The previous member of the Supervisory Board, Dr. Peter von Borch, has resigned for health reasons. Dr. von Borch will be succeeded by Henrica van de Velden after the Munich Local Court approved the company’s proposal. Van de Velden has already been a member of the Rubean Supervisory Board for a time in the past. New Risk • Jan 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 Revenue is less than US$1m (€829k revenue, or US$870k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€16.7m market cap, or US$17.5m). New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (€829k revenue, or US$866k). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€17.0m market cap, or US$17.8m). New Risk • Dec 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (€829k revenue, or US$859k). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€18.0m market cap, or US$18.7m). Tillkännagivande • Jul 10
Rubean AG, Annual General Meeting, Aug 21, 2024 Rubean AG, Annual General Meeting, Aug 21, 2024, at 10:00 W. Europe Standard Time. New Risk • Jul 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€21.1m market cap, or US$22.6m). New Risk • Jun 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Revenue is less than US$1m (€640k revenue, or US$692k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (32% increase in shares outstanding). Market cap is less than US$100m (€23.2m market cap, or US$25.1m). Price Target Changed • Apr 26
Price target increased by 41% to €12.00 Up from €8.50, the current price target is provided by 1 analyst. New target price is 111% above last closing price of €5.70. Stock is down 11% over the past year. The company is forecast to post a net loss per share of €1.08 next year compared to a net loss per share of €0.53 last year. Breakeven Date Change • Apr 26
Forecast to breakeven in 2025 The analyst covering Rubean expects the company to break even for the first time. New forecast suggests the company will make a profit of €400.0k in 2025. Average annual earnings growth of 50% is required to achieve expected profit on schedule. New Risk • Aug 23
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 German stocks, typically moving 9.1% 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 Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (€20.5m market cap, or US$22.2m). New Risk • Jun 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% 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 Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). Revenue is less than US$1m (€405k revenue, or US$440k). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (€17.6m market cap, or US$19.2m). Buying Opportunity • May 10
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €8.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last year. Earnings per share has declined by 54%. Revenue is forecast to grow by 517% in 2 years. Earnings is forecast to decline by 41% in the next 2 years. Buying Opportunity • Mar 07
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €8.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last year. Earnings per share has declined by 54%. Revenue is forecast to grow by 517% in 2 years. Earnings is forecast to decline by 41% in the next 2 years. Board Change • Feb 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Stefan Mittnik was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.