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KPIsSections6
| Revenue — GREEN | €90.3M | -20.8% YoY |
|---|---|---|
| Gross margin — GREEN | 33.4% | |
| Net income — GREEN | -€10.7M | -261.5% YoY |
| Net margin — GREEN | -11.9% | |
| Operating margin — GREEN | -8.4% |
Red flags2 red
Liquidity2
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -11.9%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | €90.3M | GREEN |
| Gross Margin | 33.4% | GREEN |
| Operating Margin | -8.4% | GREEN |
| Net Margin | -11.9% | GREEN |
| Gross Profit | €30.2M | GREEN |
| Operating Income | -€7.6M | GREEN |
| Net Income | -€10.7M | GREEN |
| R&D Expense | €4.2M | GREEN |
| Income Tax Expense | €753,000 | GREEN |
| Pre-tax Income | -€10.0M | GREEN |
| EPS Diluted | €-0.18 | GREEN |
| Interest Expense | €2.6M | GREEN |
| Cost Of Revenue | €60.2M | GREEN |
| Interest and Investment Income | €226,000 | GREEN |
| Other Non Operating Income (Expenses) | €4.0M | GREEN |
| Basic EPS | -€0.18 | GREEN |
| R&D % Revenue | 4.6% | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Total Assets | €160.0M | GREEN |
| Current Assets | €118.8M | GREEN |
| Current Liabilities | €47.9M | GREEN |
| Total Liabilities | €56.5M | GREEN |
| Total Equity | €103.4M | GREEN |
| Noncontrolling Interest | €32,000 | GREEN |
| Retained Earnings | -€57.6M | GREEN |
| Cash & Equivalents | €59.9M | GREEN |
| Long-term Debt | €1.7M | GREEN |
| Short-term Debt | €17.1M | GREEN |
| Trade Receivables | €29.6M | GREEN |
| Inventory | €29.4M | GREEN |
| Net Property, Plant & Equipment | €24.0M | GREEN |
| Total Intangibles | €14.1M | GREEN |
| Accrued Expenses | €10.0M | GREEN |
| Current Portion of Capital Leases | €2.4M | GREEN |
| Capital Leases | €5.3M | GREEN |
| Other Non-Current Liabilities | €530,000 | GREEN |
| Common Stock | €3.3M | GREEN |
| Additional Paid In Capital | €147.1M | GREEN |
| Comprehensive Income and Other | €3.3M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating Cash Flow | -€5.3M | GREEN |
| Capital Expenditures | €4.7M | GREEN |
| Investing Cash Flow | -€7.0M | GREEN |
| Free Cash Flow | -€10.0M | GREEN |
| Financing Cash Flow | €42.3M | GREEN |
| Asset Writedown & Restructuring Costs | -€190,000 | GREEN |
| Change in Accounts Receivable | €4.8M | GREEN |
| Change in Inventories | -€473,000 | GREEN |
| Change in Accounts Payable | -€7.8M | GREEN |
| Change in Income Taxes | €914,000 | GREEN |
| Cash Acquisitions | €0 | GREEN |
| Long Term Debt Issued | €11.0M | GREEN |
| Long Term Debt Repaid | €17.9M | GREEN |
| Issuance of Common Stock | €51.6M | GREEN |
| Foreign Exchange Rate Effect | €954,000 | GREEN |
| Cash Interest Paid | €2.5M | GREEN |
Sections in this filing
Market Risk
Market risk Market risk arises fro m the fact t hat the value of finan cial instruments may be positively or ne gatively affected by fluct uating prices on th e financial market s. Market risk includ es currency risk, fair v alue interest rate risk, and price risk . Currency risk Currency risk is the risk that the value of a finan cial instrument will fluct uate due to exchan ge rate fluctuations. Expo sure to currency risks a rises primarily wh en receivable s and payable s (including intercompany loan s) are denomin ated in a curren cy othe r than the operating c ompany’s local c urrency. The Company i s exposed t o such risks as it operates int ernationally, prim arily with respect t o the US dollar. The Company m anages its cu rrency risk by close ly monitoring the cu rrency fluctu ations and does not hedge its curren cy risk. A 5% strengthenin g of US Dollar again st the e uro would have decre ased net profit by €0. 6 mil lion du e to the transaction al impact. A 5% decline in US Dollar against t he eu ro would have had an approximat ely equal but opposite effect on t he basis that all other variable s remain con stant .