Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: zł0.27 (vs zł0.40 in 3Q 2024) Third quarter 2025 results: EPS: zł0.27 (down from zł0.40 in 3Q 2024). Revenue: zł10.8m (up 20% from 3Q 2024). Net income: zł592.0k (down 34% from 3Q 2024). Profit margin: 5.5% (down from 9.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Reported Earnings • Oct 05
Second quarter 2025 earnings released: EPS: zł0.25 (vs zł1.10 loss in 2Q 2024) Second quarter 2025 results: EPS: zł0.25 (up from zł1.10 loss in 2Q 2024). Revenue: zł9.90m (up 17% from 2Q 2024). Net income: zł566.0k (up zł3.02m from 2Q 2024). Profit margin: 5.7% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Duyuru • Aug 25
Brand 24 S.A. to Report First Half, 2025 Results on Sep 30, 2025 Brand 24 S.A. announced that they will report first half, 2025 results on Sep 30, 2025 New Risk • Jul 03
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 7.9% 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: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€28.7m market cap, or US$33.8m). Reported Earnings • Apr 04
Full year 2024 earnings released: EPS: zł0.34 (vs zł1.59 in FY 2023) Full year 2024 results: EPS: zł0.34 (down from zł1.59 in FY 2023). Revenue: zł35.3m (up 27% from FY 2023). Net income: zł764.4k (down 78% from FY 2023). Profit margin: 2.2% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: zł0.40 (vs zł0.39 in 3Q 2023) Third quarter 2024 results: EPS: zł0.40 (up from zł0.39 in 3Q 2023). Revenue: zł9.04m (up 29% from 3Q 2023). Net income: zł892.2k (up 4.4% from 3Q 2023). Profit margin: 9.9% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 01
Second quarter 2024 earnings released: zł1.10 loss per share (vs zł0.83 profit in 2Q 2023) Second quarter 2024 results: zł1.10 loss per share (down from zł0.83 profit in 2Q 2023). Revenue: zł8.44m (up 26% from 2Q 2023). Net loss: zł2.46m (down 234% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: zł0.52 (vs zł0.45 in 1Q 2023) First quarter 2024 results: EPS: zł0.52 (up from zł0.45 in 1Q 2023). Revenue: zł7.88m (up 24% from 1Q 2023). Net income: zł1.16m (up 17% from 1Q 2023). Profit margin: 15% (in line with 1Q 2023). Duyuru • May 31
Brand 24 S.A., Annual General Meeting, Jun 26, 2024 Brand 24 S.A., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • May 31
Now 20% undervalued Over the last 90 days, the stock has risen 14% to €9.58. The fair value is estimated to be €12.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • May 15
Now 20% undervalued Over the last 90 days, the stock has risen 2.6% to €9.60. The fair value is estimated to be €12.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • May 03
Prowly.com Sp. z o.o. agreed to acquire 57.58% stake in Brand 24 S.A. (WSE:B24) for PLN 55 million. Prowly.com Sp. z o.o. agreed to acquire 57.58% stake in Brand 24 S.A. (WSE:B24) for PLN 55 million on April 30, 2024. The total value of the transaction, including earn-out, is approximately PLN 55 million. Reported Earnings • Apr 09
Full year 2023 earnings released: EPS: zł1.59 (vs zł0.70 in FY 2022) Full year 2023 results: EPS: zł1.59 (up from zł0.70 in FY 2022). Revenue: zł27.7m (up 25% from FY 2022). Net income: zł3.51m (up 127% from FY 2022). Profit margin: 13% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Duyuru • Apr 03
Brand 24 S.A. to Report Fiscal Year 2023 Final Results on Apr 04, 2024 Brand 24 S.A. announced that they will report fiscal year 2023 final results on Apr 04, 2024 Duyuru • Feb 03
Brand 24 S.A. to Report Q3, 2024 Results on Nov 29, 2024 Brand 24 S.A. announced that they will report Q3, 2024 results on Nov 29, 2024 Reported Earnings • Nov 25
Third quarter 2023 earnings released: EPS: zł0.39 (vs zł0.17 in 3Q 2022) Third quarter 2023 results: EPS: zł0.39 (up from zł0.17 in 3Q 2022). Revenue: zł7.02m (up 21% from 3Q 2022). Net income: zł855.0k (up 124% from 3Q 2022). Profit margin: 12% (up from 6.6% in 3Q 2022). The increase in margin was driven by higher revenue. New Risk • Oct 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€17.1m market cap, or US$18.0m). Reported Earnings • Oct 01
Second quarter 2023 earnings released: EPS: zł0.83 (vs zł0.20 in 2Q 2022) Second quarter 2023 results: EPS: zł0.83 (up from zł0.20 in 2Q 2022). Revenue: zł6.69m (up 25% from 2Q 2022). Net income: zł1.83m (up 309% from 2Q 2022). Profit margin: 27% (up from 8.4% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.98, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 28x in the Software industry in Germany. Total returns to shareholders of 84% over the past year. Duyuru • Jun 04
Brand 24 S.A., Annual General Meeting, Jun 30, 2023 Brand 24 S.A., Annual General Meeting, Jun 30, 2023, at 09:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €7.58, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 31x in the Software industry in Germany. Total returns to shareholders of 62% over the past year. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: zł0.70 (vs zł0.12 in FY 2021) Full year 2022 results: EPS: zł0.70 (up from zł0.12 in FY 2021). Revenue: zł22.2m (up 40% from FY 2021). Net income: zł1.55m (up 486% from FY 2021). Profit margin: 7.0% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: zł0.17 (vs zł0.097 in 3Q 2021) Third quarter 2022 results: EPS: zł0.17 (up from zł0.097 in 3Q 2021). Revenue: zł5.81m (up 45% from 3Q 2021). Net income: zł381.5k (up 83% from 3Q 2021). Profit margin: 6.6% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 20% share price gain to €4.41, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 23x in the Software industry in Germany. Total loss to shareholders of 12% over the past year. Reported Earnings • Oct 01
Second quarter 2022 earnings released: EPS: zł0.21 (vs zł0.057 in 2Q 2021) Second quarter 2022 results: EPS: zł0.21 (up from zł0.057 in 2Q 2021). Revenue: zł5.36m (up 41% from 2Q 2021). Net income: zł448.0k (up 267% from 2Q 2021). Profit margin: 8.4% (up from 3.2% in 2Q 2021). The increase in margin was driven by higher revenue. Duyuru • Jun 07
Brand 24 S.A., Annual General Meeting, Jun 30, 2022 Brand 24 S.A., Annual General Meeting, Jun 30, 2022, at 09:30 Central European Standard Time. Reported Earnings • Nov 24
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: zł0.10 (up from zł0.035 loss in 3Q 2020). Revenue: zł4.01m (up 21% from 3Q 2020). Net income: zł208.5k (up zł283.3k from 3Q 2020). Profit margin: 5.2% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Reported Earnings • Oct 03
Second quarter 2021 earnings released: EPS zł0.053 (vs zł0.072 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł3.82m (up 15% from 2Q 2020). Net income: zł122.1k (up zł269.0k from 2Q 2020). Profit margin: 3.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue.