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KPIsSections5
| Revenue — GREEN | $4.1M | -10.7% YoY |
|---|---|---|
| Net income — GREEN | -$5.5M | |
| Net margin — GREEN | -136.6% | |
| Operating margin — GREEN | -136.3% |
Red flags3 red
Liquidity3
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -136.6%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
RED
Cash runway ~1.2 years
cash_runway_lowAt current burn rate, cash covers less than 2 years — may require near-term financing.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | $4.1M | GREEN |
| Operating Margin | -136.3% | GREEN |
| Net Margin | -136.6% | GREEN |
| Operating Income | -$5.5M | GREEN |
| Net Income | -$5.5M | GREEN |
| EBITDA | -$5.4M | GREEN |
| R&D Expense | $1.5M | GREEN |
| Income Tax Expense | $9,000 | GREEN |
| Pre-tax Income | -$5.5M | GREEN |
| EPS Diluted | $-0.16 | GREEN |
| Interest Expense | $159,000 | GREEN |
| Cost Of Revenue | $3.5M | GREEN |
| Selling General & Admin Exp | $4.6M | GREEN |
| Interest and Investment Income | $156,000 | GREEN |
| Net Interest Exp | -$3,000 | GREEN |
| Basic EPS | -$0.16 | GREEN |
| R&D % Revenue | 37.4% | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Total Assets | $13.1M | GREEN |
| Current Assets | $5.5M | GREEN |
| Current Liabilities | $5.2M | GREEN |
| Total Liabilities | $8.6M | GREEN |
| Total Equity | $4.5M | GREEN |
| Cash & Equivalents | $3.5M | GREEN |
| Long-term Debt | $2.0M | GREEN |
| Short-term Debt | $453,000 | GREEN |
| Inventory | $255,000 | GREEN |
| Gross Property, Plant & Equipment | $400,000 | GREEN |
| Goodwill | $5.4M | GREEN |
| Other Intangibles | $66,000 | GREEN |
| Other Long-Term Assets | $404,000 | GREEN |
| Current Portion of Capital Leases | $339,000 | GREEN |
| Capital Leases | $1.1M | GREEN |
| Common Stock | $1.8M | GREEN |
| Additional Paid In Capital | $6.3M | GREEN |
| Comprehensive Income and Other | $58,000 | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating Cash Flow | -$2.9M | GREEN |
| Capital Expenditures | $242,000 | GREEN |
| Investing Cash Flow | -$205,000 | GREEN |
| Depreciation & Amortization | $126,000 | GREEN |
| Free Cash Flow | -$3.2M | GREEN |
| Financing Cash Flow | $3.4M | GREEN |
| Net Income (starting point for CFO) | -$4.5M | GREEN |
| Asset Writedown & Restructuring Costs | $128,000 | GREEN |
| Change in Income Taxes | -$9,000 | GREEN |
| Change in Other Net Operating Assets | -$32,000 | GREEN |
| Sale of Property, Plant, and Equipment | $37,000 | GREEN |
| Issuance of Common Stock | $1.7M | GREEN |
| Foreign Exchange Rate Effect | $0 | GREEN |
| Cash Interest Paid | $0 | GREEN |
Sections in this filing
Significant Shareholders
Major shareholders 30.06.2024 31.12.2023 Canton of Bern 52.54% 52.54% Groupe E Ltd. 10.00% 10.00% BlackRock Inc. > 3% > 3% The free float amounts to 37.5%. Key figures per share 1 st half-year 1 st half-year CHF 2024 2023 31.12.2023 Par value 2.50 2.50 2.50 Share price – period end 143.30 158.00 149.50 – period high 154.00 167.70 167.40 – period low 122.30 126.00 127.60 Earnings per share 1 6.62 6.19 9.06 Equity per share 1 92.64 84.88 87.44 Market capitalisation in CHF millions 7,566 8,338 7,891 1 Attributable to shareholders of BKW AG Bonds As of June 30, 2024, BKW had the following bonds outstanding: Nominal amount Term Due ISIN code 0.00% debenture bond CHF 200 million 2022–2024 18.10.2024 CH116068141 0.75% debenture bond CHF 200 million 2018–2025 25.10.2025 CH0435590358 0.875% debenture bond CHF 200 million 2022–2026 27.04.2026 CH01179184390 0.25% Green Gond CHF 200 million 2019–2027 29.07.2027 CH0487087295 1.125% Green Bond CHF 100 million 2022–2029 27.04.2029 CH1179184408 2.5% debenture bond CHF 300 million 2010–2030 15.10.2030 CH0117843745 Financial calendar Capital Markets Day November 8, 2024 Publication of 2024 annual results March 11, 2025 General Meeting April 29, 2025 Imprint Investor Relations Editorial team BKW aG Finance and Controlling, Investor Relations Group Communications, Bern Viktoriaplatz 2 CH-3013 Bern Concept, design and production Telephone + 41 58 477 57 33 neidhartSchön aG, Zürich [email protected] Translation Media Relations tradeo, Court BKW aG www.tradeo.ch media Relations Viktoriaplatz 2 Photography CH-3013 Bern Oliver Oettli, Biel, Telephone + 41 58 477 51 07 www.oliveroettli.ch [email protected] the expectations and forward-looking statements expressed in this report are based on assump- tions and are subject to risks and uncertainties. Consequently, actual results may differ materially from those expressed or implied by the expecta- tions and forward-looking statements. this report is published in German, French and english. the German text is the authoritative version. BKW AG Viktoriaplatz 2 CH-3013 Bern Telephone +41 58 477 51 11 www.bkw.ch )enilnO( 9118-7922 nSSI