New Risk • Apr 28
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 Dutch stocks, typically moving 6.2% 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. This is currently the only risk that has been identified for the company. Duyuru • Apr 14
MotorK plc announced that it expects to receive €2.5 million in funding from Underdogs Group S.R.L. MotorK plc announced a private placement to issue 909,091 new ordinary shares at an issue price of €2.75 per share for gross proceeds of 2,500,000.25 on April 14, 2026. The transaction will include participation from new investor Underdogs Group S.r.l. The transaction will be subject to a 12-month lock-up period, underlining the investors' long-term vision and dedication to the Group's success Reported Earnings • Mar 06
Full year 2025 earnings released Full year 2025 results: Revenue: €40.9m (up 1.5% from FY 2024). Net loss: €11.6m (loss narrowed 11% from FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Software industry in Europe. New Risk • Feb 24
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: €11m Forecast net loss in 2 years: €2.0m 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€2.0m net loss in 2 years). New Risk • Feb 09
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. This is currently the only risk that has been identified for the company. Duyuru • Jan 02
MotorK plc announced that it has received €3 million in funding MotorK plc announced that it has received €3 million in a round of funding on December 31, 2025. The transaction included participation from returning lender Atempo Growth. The company has issued loan in the transaction. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2026 The analyst covering MotorK previously expected the company to break even in 2025. New forecast suggests the company will make a profit of €13.0m in 2026. Average annual earnings growth of 91% is required to achieve expected profit on schedule. New Risk • Dec 30
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 Dutch stocks, typically moving 6.0% 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 Less than 1 year of cash runway based on free cash flow trend (-€6.7m free cash flow). Share price has been highly volatile over the past 3 months (6.0% average weekly change). Duyuru • Oct 23
MotorK plc Reaffirms Revenue Guidance for the Fiscal Year 2025 MotorK plc reaffirmed revenue guidance for the fiscal year 2025. The company reaffirmed its commitment to achieving a low single-digit year-over-year revenue growth by the end of fiscal year 2025. Reported Earnings • Jul 27
First half 2025 earnings released First half 2025 results: Revenue: €20.3m (down 5.6% from 1H 2024). Net loss: €5.47m (loss narrowed 16% from 1H 2024). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. New Risk • Jul 25
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: -€6.6m 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 (-€6.6m free cash flow). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Duyuru • Apr 29
MotorK plc announced that it expects to receive €0.15 million in funding MotorK PLC announced a private placement to issue 50,000 new ordinary shares that will be subject to a 12-month lock-up period at an issue price of €3 per share for gross proceeds of €15,000 on April 28, 2025. The transaction will include participation from nee investor Lior Prosor. Reported Earnings • Apr 17
Full year 2024 earnings: Revenues miss analyst expectations Full year 2024 results: Revenue: €40.3m (up 4.7% from FY 2023). Net loss: €13.1m (loss narrowed 26% from FY 2023). Revenue missed analyst estimates by 42%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Europe. Duyuru • Mar 28
GEDI Gruppo Editoriale S.p.A. acquired remaining 20% stake in AutoXY S.P.A. from MotorK plc (ENXTAM:MTRK) for €3.5 million. GEDI Gruppo Editoriale S.p.A. acquired remaining 20% stake in AutoXY S.P.A. from MotorK plc (ENXTAM:MTRK) for €3.5 million on March 27, 2025. This transaction marks the final step in the divestment of the DriveK business unit, initiated in December 2022.
GEDI Gruppo Editoriale S.p.A. completed the acquisition of remaining 20% stake in AutoXY S.P.A. from MotorK plc (ENXTAM:MTRK) on March 27, 2025. Duyuru • Mar 26
MotorK plc announced that it expects to receive €0.499998 million in funding from Zobito AB MotorK plc announced a private placement to issue 166,666 new ordinary share at issue price of €3 for gross proceeds of €499,998 on March 25, 2025. The transaction includes participation from new investor, Zobito managed by Zobito AB. The shares will be subject to a 12-month lock-up period. Duyuru • Mar 15
MotorK plc announced that it expects to receive €4.842999 million in funding from 83North Limited, Lucerne Capital Management, LP MotorK plc announced a private placement of 1,614,333 new ordinary shares at a price of €3.00 for the gross proceeds of €4,842,999 on March 14, 2025. The transaction will include participation from 83North Limited and Lucerne Capital Management, LP. Reported Earnings • Mar 06
Full year 2024 earnings released Full year 2024 results: Revenue: €40.3m (down 6.1% from FY 2023). Net loss: €12.9m (loss narrowed 2.5% from FY 2023). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Europe. Duyuru • Feb 20
MotorK plc, Annual General Meeting, May 08, 2025 MotorK plc, Annual General Meeting, May 08, 2025. New Risk • Feb 17
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 Dutch stocks, typically moving 5.3% 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 Risk Less than 1 year of cash runway based on free cash flow trend (-€14m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (5.3% average weekly change). New Risk • Feb 09
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 Risk Less than 1 year of cash runway based on free cash flow trend (-€14m free cash flow). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Duyuru • Feb 05
MotorK plc Lowers Earnings Guidance for the Fourth Quarter and Full Financial Year Ended December 31, 2024 MotorK plc lowered earnings guidance for the fourth quarter and full financial year ended December 31, 2024. The company announced that its Committed Annual Recurring Revenues (CARR) for the fourth quarter 2024 and the full financial year 2024 are lower than previously expected.
MotorK’s CARR for the fiscal year ended 31 December 2024 are expected to be approximately 15% below the guidance of EUR 45 million – EUR 50 million, as previously communicated. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2025 The 2 analysts covering MotorK previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €7.00m in 2025. Average annual earnings growth of 108% is required to achieve expected profit on schedule. Duyuru • Oct 26
MotorK plc Revises Earnings Guidance for the Year 2024 MotorK plc revised earnings guidance for the year 2024. Management remains confident in the Group's ability to secure these major enterprise deals, although the extended sales cycles introduce some uncertainty regarding year-end results. As such, the company revising its Committed Annual Recurring Revenue (CARR) target to a range of €45 million to €50 million, contingent on the successful closing of these contracts. New Risk • Sep 12
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 Dutch stocks, typically moving 5.6% 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 Risk Less than 1 year of cash runway based on free cash flow trend (-€14m free cash flow). Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Jul 29
First half 2024 earnings released: €0.15 loss per share (vs €0.20 loss in 1H 2023) First half 2024 results: €0.15 loss per share (improved from €0.20 loss in 1H 2023). Revenue: €21.5m (down 2.0% from 1H 2023). Net loss: €6.48m (loss narrowed 17% from 1H 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Duyuru • Jul 17
Motork plc Announces CFO Changes MotorK plc announced that Zoltan Gelencser will be joining MotorK as new Group Chief Financial Officer (CFO). Mr. Gelencser is currently SVP, Group FP&A at Sportradar (SRAD) and will bring a wealth of experience from a global finance executive career with Vodafone, eBay and General Electric. He holds a BA/BS degree from Oxford Brookes University and an MBA from London Business School. MotorK’s current CFO, Mr. Andrea Servo, will be leaving MotorK at the end of July 2024. Until Mr. Gelencser assumes his new role, Mr. Amir Rosentuler, the Executive Chairman of MotorK, will take on the responsibilities of interim CFO. Duyuru • May 31
MotorK plc Approves the Election of Helen Protopapas as Director MotorK plc at its AGM held on May 30, 2024, approved the election of Helen Protopapas as new director of the Company, following the retirement of Mr. Pretolani. Duyuru • Apr 25
MotorK plc Announces Resignation of Mauro Pretolani as Non-Executive Director MotorK plc announced resignation of Mauro Pretolani as Non-Executive Director. Reported Earnings • Apr 21
Full year 2023 earnings released: €0.33 loss per share (vs €0.35 loss in FY 2022) Full year 2023 results: €0.33 loss per share (improved from €0.35 loss in FY 2022). Revenue: €42.9m (up 11% from FY 2022). Net loss: €13.2m (loss narrowed 5.5% from FY 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Europe. Duyuru • Mar 07
MotorK plc Provides Earnings Guidance for Fiscal Year 2024 MotorK plc provided earnings guidance for the fiscal year 2024. For the period, Company expects Committed Annual Recurring Revenues (CARR) to reach €50 million. Reported Earnings • Mar 06
Full year 2023 earnings released Full year 2023 results: Revenue: €42.9m (up 11% from FY 2022). Net loss: €13.2m (loss narrowed 5.5% from FY 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Software industry in Europe. New Risk • Mar 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). New Risk • Jan 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€22m). Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €52.7m to €50.5m. Losses expected to increase from €0.15 per share to €0.17. Software industry in the Netherlands expected to see average net income growth of 22% next year. Consensus price target of €3.15 unchanged from last update. Share price was steady at €2.73 over the past week. New Risk • Oct 06
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 Dutch stocks, typically moving 5.4% 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 Less than 1 year of cash runway based on current free cash flow (-€22m). Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (€93.9m market cap, or US$99.5m). New Risk • Jul 31
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€23m This is considered a minor 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€23m). Market cap is less than US$100m (€88.1m market cap, or US$97.2m). Duyuru • Jul 28
MotorK plc Provides Earnings Guidance for 2023 MotorK plc provided earnings guidance for 2023. The company continues to build positive momentum in fiscal year 2023, confirming the initial range of €39 million to €43 million in recurring revenues, including up to €2 million of CRR. Major Estimate Revision • Jul 12
Consensus EPS estimates fall by 1,400% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.005 to -€0.075 per share. Revenue forecast unchanged at €54.1m. Software industry in the Netherlands expected to see average net income growth of 24% next year. Consensus price target of €3.15 unchanged from last update. Share price was steady at €2.17 over the past week. Breakeven Date Change • Jul 11
Forecast breakeven date moved forward to 2023 The 3 analysts covering MotorK previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €1.50m in 2023. Earnings growth of 139% is required to achieve expected profit on schedule. Duyuru • Jun 17
MotorK plc (ENXTAM:MTRK) acquired Gestionaleauto.Com Srl. MotorK plc (ENXTAM:MTRK) entered into an agreement to acquire Gestionaleauto.Com Srl on May 15, 2023. MotorK plc (ENXTAM:MTRK) completed the acquisition of Gestionaleauto.Com Srl on June 16, 2023. Duyuru • Jun 03
MotorK plc announced that it has received €2.999998 million in funding from Lucerne Capital Management, LP MotorK plc announced a private placement of 1,310,043 common shares at an issue price of €2.290 per share for gross proceeds of €2,999,998.470 on June 2, 2023. The transaction included participation from returning investor, Lucerne Capital Management, LP. The proceeds will go towards the reserve capital of the company. Major Estimate Revision • Mar 03
Consensus EPS estimates fall by 100%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €52.9m to €54.5m. Forecast EPS reduced from -€0.025 to -€0.05 per share. Software industry in the Netherlands expected to see average net income growth of 18% next year. Consensus price target up from €2.90 to €3.15. Share price fell 11% to €2.20 over the past week. Reported Earnings • Feb 24
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €10.8m (up 46% from 3Q 2021). Net loss: €3.36m (loss narrowed 68% from 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 4 years, compared to a 8.6% growth forecast for the Software industry in Europe. Price Target Changed • Nov 16
Price target decreased to €2.90 Down from €9.50, the current price target is an average from 2 analysts. New target price is 71% above last closing price of €1.70. Stock is down 74% over the past year. The company is forecast to post a net loss per share of €0.15 next year compared to a net loss per share of €0.80 last year. 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. Executive Chairman Amir Rosentuler was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jul 26
Forecast breakeven date moved forward to 2022 The 2 analysts covering MotorK previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €50.0k in 2022. Earnings growth of 74% is required to achieve expected profit on schedule. Buying Opportunity • Jul 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be €4.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 27%. Board Change • Jun 29
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. Executive Chairman Amir Rosentuler was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 17
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €27.6m (up 43% from FY 2020). Net loss: €23.9m (loss widened 342% from FY 2020). Revenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 63%, compared to a 17% growth forecast for the industry in the Netherlands. Buying Opportunity • Apr 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.7%. The fair value is estimated to be €6.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 63% in a year. Earnings is forecast to grow by 99% in the next year. Breakeven Date Change • Apr 28
Forecast breakeven date moved forward to 2022 The 2 analysts covering MotorK previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €500.0k in 2022. Earnings growth of 84% is required to achieve expected profit on schedule. Board Change • Apr 27
Insufficient new directors 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. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €27.6m (up 43% from FY 2020). Net loss: €23.9m (loss widened 342% from FY 2020). Revenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 63%, compared to a 19% growth forecast for the industry in the Netherlands.