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KPIsSections13
| Revenue — GREEN | €42.9M |
|---|---|
| Net income — GREEN | -€13.2M |
| Net margin — GREEN | -30.9% |
| Operating margin — GREEN | -33.8% |
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 -30.9%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
RED
Cash runway ~0.6 years
cash_runway_lowAt current burn rate, cash covers less than 2 years — may require near-term financing.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | €42.9M | GREEN |
| Operating Margin | -33.8% | GREEN |
| Net Margin | -30.9% | GREEN |
| Operating Income | -€14.5M | GREEN |
| Net Income | -€13.2M | GREEN |
| EBITDA | -€5.8M | GREEN |
| R&D Expense | -€9.3M | GREEN |
| Income Tax Expense | -€2.3M | GREEN |
| Pre-tax Income | -€15.6M | GREEN |
| EPS Diluted | €-0.33 | GREEN |
| Interest Expense | €1.1M | GREEN |
| Interest and Investment Income | €57,000 | GREEN |
| Earnings from Continuing Operations | -€13.2M | GREEN |
| Earnings of Discontinued Ops | €0 | GREEN |
| Basic EPS | -€0.33 | GREEN |
| R&D % Revenue | -21.8% | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Total Assets | €96.6M | GREEN |
| Current Assets | €36.1M | GREEN |
| Current Liabilities | €27.6M | GREEN |
| Total Liabilities | €44.9M | GREEN |
| Total Equity | €51.6M | GREEN |
| Retained Earnings | -€23.4M | GREEN |
| Cash & Equivalents | €3.5M | GREEN |
| Trade Receivables | €13.4M | GREEN |
| Trade Payables | €13.1M | GREEN |
| Gross Property, Plant & Equipment | €4.6M | GREEN |
| Total Intangibles | €46.5M | GREEN |
| Current Portion of Capital Leases | €1.2M | GREEN |
| Capital Leases | €3.2M | GREEN |
| Common Stock | €407,000 | GREEN |
| Additional Paid In Capital | €69.4M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating Cash Flow | -€6.2M | GREEN |
| Capital Expenditures | €92,000 | GREEN |
| Investing Cash Flow | -€13.4M | GREEN |
| Depreciation & Amortization | €8.7M | GREEN |
| Free Cash Flow | -€6.3M | GREEN |
| Financing Cash Flow | €3.9M | GREEN |
| Net Income (starting point for CFO) | -€2.6M | GREEN |
| Change in Income Taxes | €712,000 | GREEN |
| Change in Other Net Operating Assets | -€111,000 | GREEN |
| Cash Acquisitions | €3.9M | GREEN |
| Long Term Debt Issued | €4.8M | GREEN |
| Long Term Debt Repaid | €47,000 | GREEN |
| Issuance of Common Stock | €3.2M | GREEN |
| Repurchase of Common Stock | €2.3M | GREEN |
| Net Change in Cash | -€15.7M | GREEN |
Sections in this filing
Business / Consolidation
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.