New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (€3.6m revenue, or US$4.2m). Market cap is less than US$100m (€9.62m market cap, or US$11.2m). New Risk • Jan 26
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 Estonian stocks, typically moving 7.7% 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 (7.7% average weekly change). Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Revenue is less than US$5m (€3.6m revenue, or US$4.3m). Market cap is less than US$100m (€9.30m market cap, or US$11.1m). New Risk • Nov 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €7.85m (US$9.04m) 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 Earnings have declined by 5.0% per year over the past 5 years. Market cap is less than US$10m (€7.85m market cap, or US$9.04m). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Revenue is less than US$5m (€3.6m revenue, or US$4.2m). New Risk • Aug 18
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 Estonian stocks, typically moving 6.6% 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 Risks Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (€8.36m market cap, or US$9.77m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Revenue is less than US$5m (€3.6m revenue, or US$4.2m). Reported Earnings • Mar 09
Full year 2024 earnings released Full year 2024 results: Revenue: €3.66m (down 5.3% from FY 2023). Net loss: €415.1k (loss widened 337% from FY 2023). New Risk • Feb 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€641k free cash flow). Share price has been highly volatile over the past 3 months (7.7% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (€7.48m market cap, or US$7.84m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (€3.9m revenue, or US$4.0m). Duyuru • Nov 29
Modera AS Appoints Staffan Johansson as Contractual CEO Modera AS on 28 November 2024 entered into an agreement with a company of Staffan Johansson, according to which Johansson will assume the duties of the contractual CEO Modera AS with immediate effect. The agreement was concluded for a fixed term until October 31, 2025. Johansson will act as the contractual CEO and not as a member of the management board of Modera AS. As CEO, Johansson's responsibilities include managing the company's day-to-day operations, communicating with clients, partners, and other parties, as well as other necessary activities to ensure the company's continued growth and development. At the end of the contract term, a decision will be made on whether to extend the contract, appoint a new member of the management board, or a new contractual CEO. With 20 years of experience in international car sales, Johansson's experience includes, for example, heading Nissan Motor's Baltic and Northern European region. Over the past three years, he has been involved in training with BMW, Nissan and Honda, and has been brand manager for Alfa Romeo, Fiat and Jeep in Scandinavia and the Baltic countries. New Risk • Nov 15
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 Estonian stocks, typically moving 3.5% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€641k free cash flow). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (€6.84m market cap, or US$7.21m). Minor Risks Share price has been volatile over the past 3 months (3.5% average weekly change). Shareholders have been diluted in the past year (7.8% increase in shares outstanding). Revenue is less than US$5m (€3.9m revenue, or US$4.1m). New Risk • Sep 20
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 Estonian stocks, typically moving 3.6% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€641k free cash flow). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (€7.95m market cap, or US$8.87m). Minor Risks Share price has been volatile over the past 3 months (3.6% average weekly change). Shareholders have been diluted in the past year (7.8% increase in shares outstanding). Revenue is less than US$5m (€3.9m revenue, or US$4.3m). New Risk • Aug 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€641k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-€641k free cash flow). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (€8.22m market cap, or US$8.90m). Minor Risks Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Revenue is less than US$5m (€3.9m revenue, or US$4.2m). New Risk • Jun 02
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 Estonian stocks, typically moving 3.3% 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 Risks Earnings have declined by 28% per year over the past 5 years. Market cap is less than US$10m (€8.62m market cap, or US$9.35m). Minor Risks Share price has been volatile over the past 3 months (3.3% average weekly change). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Revenue is less than US$5m (€3.9m revenue, or US$4.2m). Reported Earnings • Mar 24
Full year 2023 earnings released Full year 2023 results: Revenue: €3.89m (up 32% from FY 2022). Net loss: €95.1k (loss narrowed 82% from FY 2022). Reported Earnings • Mar 12
Full year 2022 earnings released Full year 2022 results: Revenue: €3.03m (up 69% from FY 2021). Net loss: €525.9k (loss widened 294% from FY 2021).