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KPIsSections16
| Revenue — GREEN | €40.3M | -6.1% YoY |
|---|---|---|
| Net income — GREEN | -€13.1M | +1.4% YoY |
| Net margin — GREEN | -32.4% | |
| Operating margin — GREEN | -29.4% |
Red flags3 red2 orange
Liquidity5
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -32.4%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
ORANGE
Current ratio 0.67
current_ratio_lowCurrent assets are below current liabilities — short-term liquidity pressure.
RED
Cash runway ~1.0 years
cash_runway_lowAt current burn rate, cash covers less than 2 years — may require near-term financing.
ORANGE
Accumulated deficit / equity 221%
accumulated_deficit_highAccumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | €40.3M | GREEN |
| Operating Margin | -29.4% | GREEN |
| Net Margin | -32.4% | GREEN |
| Operating Income | -€11.9M | GREEN |
| Net Income | -€13.1M | GREEN |
| EBITDA | -€1.9M | GREEN |
| R&D Expense | -€8.3M | GREEN |
| Income Tax Expense | -€5,000 | GREEN |
| Pre-tax Income | -€13.1M | GREEN |
| EPS Diluted | €-0.29 | GREEN |
| Interest Expense | €2.3M | GREEN |
| Interest and Investment Income | €222,000 | GREEN |
| Other Non Operating Income (Expenses) | €890,000 | GREEN |
| Basic EPS | -€0.29 | GREEN |
| R&D % Revenue | -20.5% | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Total Assets | €70.8M | GREEN |
| Current Assets | €17.3M | GREEN |
| Current Liabilities | €25.9M | GREEN |
| Total Liabilities | €42.8M | GREEN |
| Total Equity | €28.0M | GREEN |
| Retained Earnings | -€61.8M | GREEN |
| Cash & Equivalents | €3.4M | GREEN |
| Trade Receivables | €14.0M | GREEN |
| Trade Payables | €11.3M | GREEN |
| Gross Property, Plant & Equipment | €3.4M | GREEN |
| Total Intangibles | €46.3M | GREEN |
| Current Portion of Capital Leases | €1.1M | GREEN |
| Capital Leases | €2.2M | GREEN |
| Common Stock | €459,000 | GREEN |
| Additional Paid In Capital | €85.7M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating Cash Flow | -€3.4M | GREEN |
| Capital Expenditures | €27,000 | GREEN |
| Investing Cash Flow | -€14.6M | GREEN |
| Depreciation & Amortization | €10.0M | GREEN |
| Free Cash Flow | -€3.4M | GREEN |
| Financing Cash Flow | €17.8M | GREEN |
| Net Income (starting point for CFO) | -€2.1M | GREEN |
| Change in Income Taxes | -€47,000 | GREEN |
| Change in Other Net Operating Assets | €651,000 | GREEN |
| Cash Acquisitions | €6.2M | GREEN |
| Long Term Debt Issued | €9.7M | GREEN |
| Long Term Debt Repaid | €1.9M | GREEN |
| Issuance of Common Stock | €14.2M | GREEN |
| Repurchase of Common Stock | €0 | GREEN |
| Foreign Exchange Rate Effect | €3,000 | GREEN |
| Misc. Cash Flow Adjustments | -€890,000 | GREEN |
| Net Change in Cash | -€147,000 | GREEN |
Sections in this filing
Business / Group structure
Country of Proportion of ownership incorporation interest at and principal place of Name business 2024 2023 2022 MotorK Italia S.r.l. Italy 100% 100% 100% MotorK Spain Gestiones Comerciales SL Spain 100% 100% 100% MotorK Deutschland GmbH Germany 100% 100% 100% MotorK France Sarl France 100% 100% 100% For Business S.r.l. Italy 100% 100% 100% MotorK Israel Ltd Israel 100% 100% 100% DealerK Technology Solutions, Unipessoal Lda Portugal 100% 100% 100% DriveK Italia S.r.l. 1 Italy – 100% 100% FusionIT NV Belgium 100% 100% 100% FranceProNet SaS 2 France – – 100% SFD SaS 2 France – – 100% ICO International GmbH Germany 100% 100% 100% GestionaleAuto.com S.r.l. Italy 100% 100% – 2.3 Basis for consolidation The criteria used by the Group to define the consolidation area and the relative consolidation principles are shown below. The financial statements of foreign companies are translated into Euro using the functional currency concept, under which asset and liability items are translated at the closing rate. With the exception of income and expenses recognised directly in equity, equity is translated at historical rates. The resulting foreign exchange differences are recognised in other comprehensive income until disposal of the subsidiary concerned, and are presented as a separate item in equity. Subsidiaries The subsidiary companies are those companies that the Group controls. The Group controls a Company when it is exposed to the variability of the Company’s results and has the power to influence these results through its power over the Company. Generally, it is assumed that control exists when the Company directly or indirectly holds more than half of the voting rights, taking into account the potential exercised or converted voting rights. Subsidiaries owned 100% (directly or indirectly) are consolidated using the integral method from the date on which control is transferred to the Group. On the other hand, they are excluded from consolidation starting from the date on which this control is terminated. Investment in associates Associates are companies over which the Group has significant influence, which is presumed to exist when the investment represents 20% to 50% of the voting rights. Under the equity method, the investments are initially recognised at cost and adjusted thereafter to recognise the Group’s share of the profit/(loss) and other comprehensive inc