Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Tara Amiri was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 16
Neptune Digital Assets Corp., Annual General Meeting, Feb 26, 2026 Neptune Digital Assets Corp., Annual General Meeting, Feb 26, 2026. Board Change • Dec 30
Less than half of directors are independent 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. 2 independent directors (3 non-independent directors). Independent Director Mitch Demeter was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Dec 17
Neptune Digital Assets Corp., Annual General Meeting, Feb 26, 2025 Neptune Digital Assets Corp., Annual General Meeting, Feb 26, 2025. Breakeven Date Change • Aug 31
No longer forecast to breakeven The analyst covering Neptune Digital Assets no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of CA$122.4k in 2024. New forecast suggests the company will make a loss of CA$3.42m in 2024. Reported Earnings • Jul 30
Third quarter 2024 earnings released: EPS: CA$0.025 (vs CA$0.001 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.025 (up from CA$0.001 in 3Q 2023). Net income: CA$3.17m (up CA$3.08m from 3Q 2023). Revenue is expected to decline by 57% p.a. on average during the next 2 years, while revenues in the Software industry in Germany are expected to grow by 10%. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year. New Risk • Jul 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 German stocks, typically moving 11% 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 (11% average weekly change). Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$1.6m net loss next year). Revenue is less than US$5m (CA$2.2m revenue, or US$1.6m). Market cap is less than US$100m (€23.9m market cap, or US$26.0m). Breakeven Date Change • Apr 04
No longer forecast to breakeven The analyst covering Neptune Digital Assets no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of CA$122.4k in 2024. New forecast suggests the company will make a loss of CA$134.0k in 2024. Reported Earnings • Apr 03
Second quarter 2024 earnings released: EPS: CA$0.003 (vs CA$0.005 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.003 (down from CA$0.005 in 2Q 2023). Net income: CA$343.2k (down 46% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Mar 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% 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 (15% average weekly change). Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Revenue is less than US$5m (CA$2.3m revenue, or US$1.7m). Market cap is less than US$100m (€30.5m market cap, or US$33.0m). Reported Earnings • Jan 30
First quarter 2024 earnings released: EPS: CA$0.008 (vs CA$0.008 loss in 1Q 2023) First quarter 2024 results: EPS: CA$0.008 (up from CA$0.008 loss in 1Q 2023). Net income: CA$1.02m (up CA$2.07m from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings have declined by 10% 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 (14% average weekly change). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 10% per year over the past 5 years. Minor Risks Revenue is less than US$5m (CA$2.3m revenue, or US$1.7m). Revenue is less than US$5m (CA$2.3m revenue, or US$1.7m). Market cap is less than US$100m (€29.7m market cap, or US$32.2m). Market cap is less than US$100m (€29.7m market cap, or US$32.2m). Reported Earnings • Dec 24
Full year 2023 earnings released Full year 2023 results: Net loss: CA$5.13m (loss narrowed 76% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Tillkännagivande • Dec 23
Neptune Digital Assets Corp., Annual General Meeting, Feb 29, 2024 Neptune Digital Assets Corp., Annual General Meeting, Feb 29, 2024. Reported Earnings • Aug 02
Third quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0.042 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.001 (up from CA$0.042 loss in 3Q 2022). Net income: CA$87.6k (up CA$5.39m from 3Q 2022). 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. Tillkännagivande • Jul 12
Neptune Digital Assets Corp., Annual General Meeting, Aug 30, 2023 Neptune Digital Assets Corp., Annual General Meeting, Aug 30, 2023. Reported Earnings • May 02
Second quarter 2023 earnings released: EPS: CA$0.005 (vs CA$0.006 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0.005 (up from CA$0.006 loss in 2Q 2022). Net income: CA$629.7k (up CA$1.44m from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 153 percentage points per year, which is a significant difference in performance. Board Change • Apr 08
Less than half of directors are independent 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. 2 independent directors (3 non-independent directors). Independent Director Mitch Demeter was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mitch Demeter was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mitch Demeter was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Mitch Demeter was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 31
Independent Director recently sold €144k worth of stock On the 23rd of March, Dario Meli sold around 200k shares on-market at roughly €0.72 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €241k more than they bought in the last 12 months. 
