Breakeven Date Change • May 20
Forecast to breakeven in 2028 The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 65% per year to 2027. The company is expected to make a profit of €500.0k in 2028. Average annual earnings growth of 90% is required to achieve expected profit on schedule. Duyuru • Apr 30
123fahrschule SE, Annual General Meeting, Jun 10, 2026 123fahrschule SE, Annual General Meeting, Jun 10, 2026, at 10:00 W. Europe Standard Time. Duyuru • Mar 31
123fahrschule SE has completed a Follow-on Equity Offering in the amount of €1.02 million. 123fahrschule SE has completed a Follow-on Equity Offering in the amount of €1.02 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 400,000
Price\Range: €2.55
Transaction Features: Subsequent Direct Listing Duyuru • Mar 27
123fahrschule SE, Annual General Meeting, May 06, 2025 123fahrschule SE, Annual General Meeting, May 06, 2025, at 10:00 W. Europe Standard Time. New Risk • Aug 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€3.5m). Currently unprofitable and not forecast to become profitable over next 3 years (€450k net loss in 3 years). Market cap is less than US$100m (€14.7m market cap, or US$16.3m). Duyuru • May 14
123fahrschule SE (DB:123F) entered into an share purchase agreement to acquire FOERST GmbH. 123fahrschule SE (DB:123F) entered into an share purchase agreement to acquire FOERST GmbH on May 12, 2024. The total purchase price, which is subject to certain adjustments, was agreed to be a mid-six-figure amount that can be paid in full in shares of 123fahrschule SE in several tranches at the discern on of 23fahrschule SE by the end of 2026. The new shares are to be issued at an issue price close to the stock exchange price. If this is not possible under stock corpora>on law, 123fahrschule Holding GmbH is entailed to withdraw from the purchase agreement, in particular if the calculated issue price of the new shares to be issued proves to be unreasonably low. Subject to the occurrence of conditions precedent, the acquisition is planned to be completed on 1 July 2024. New Risk • Mar 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% 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 (-€3.5m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€450k net loss in 3 years). Market cap is less than US$100m (€9.70m market cap, or US$10.6m). New Risk • Mar 04
New major risk - Revenue and earnings growth Earnings have declined by 27% 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 Less than 1 year of cash runway based on free cash flow trend (-€3.5m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (€7.04m market cap, or US$7.64m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€500k net loss in 3 years). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Reported Earnings • Mar 03
Full year 2023 earnings released Full year 2023 results: Revenue: €21.8m (up 30% from FY 2022). Net loss: €3.91m (loss narrowed 11% from FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Consumer Services industry in Europe. New Risk • Oct 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.16m (US$9.65m) 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 Less than 1 year of cash runway based on free cash flow trend (-€5.4m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (€9.16m market cap, or US$9.65m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€206k net loss in 2 years). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). New Risk • Oct 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €3.7m Forecast net loss in 2 years: €206k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. 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 (-€5.4m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€206k net loss in 2 years). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (€9.96m market cap, or US$10.5m). Breakeven Date Change • Aug 14
No longer forecast to breakeven The 2 analysts covering 123fahrschule no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €600.0k in 2025. New consensus forecast suggests the company will make a loss of €400.0k in 2025. Duyuru • Jun 02
123fahrschule SE announced that it expects to receive €2.172625 million in funding 123fahrschule SE announced a private placement of 310,375 shares at an issue price of €7 per share for the gross proceeds of €2,172,625 on May 31, 2023. Reported Earnings • Mar 06
Full year 2022 earnings released Full year 2022 results: Revenue: €17.9m (up 131% from FY 2021). Net loss: €4.38m (loss narrowed 2.3% from FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Services industry in Europe. Breakeven Date Change • Mar 06
Forecast to breakeven in 2025 The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 57% per year to 2024. The company is expected to make a profit of €900.0k in 2025. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 02
No longer forecast to breakeven The 2 analysts covering 123fahrschule no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €1.15m in 2024. New consensus forecast suggests the company will make a loss of €200.0k in 2024. Breakeven Date Change • Jan 27
No longer forecast to breakeven The 2 analysts covering 123fahrschule no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €2.35m in 2024. New consensus forecast suggests the company will make a loss of €400.0k in 2024.