Suspension of trading

Cash flow Shape Robotics A/S

Stocks

SHAPE

DK0061273125

Software

Market Closed - Nasdaq Copenhagen 03:16:03 06/01/2026 pm IST			After hours 08:25:00 pm
5.030 ^DKK	+30.65%		5.015	-0.30%

17/04	Court puts Shape Robotics into compulsory dissolution	RE
15/04	Shape Robotics issues objection to dissolution referral	RE

665.wggmft4FcMHOq5fVRuFCqrIKSf0jXe6s3wFwWAMQJok.9URLNodyBrL8yO_kDocM_YZvHZZ2ZdrevUYIDkx5aOuoXx8fv09Frv74_A

Published financial data: SHAPE ROBOTICS A/S

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (DKK)	2021 (DKK)	2022 (DKK)	2023 (DKK)	2024 (DKK)
Revenues	60.44L	1.78Cr	8.74Cr	17Cr	30Cr
Total Revenues	60.44L	1.78Cr	8.74Cr	17Cr	30Cr
Cost of Goods Sold, Total	76.4L	1.98Cr	7.05Cr	12Cr	20Cr
Gross Profit	-15.96L	-20.64L	1.69Cr	4.9Cr	9.78Cr
Selling General & Admin Expenses, Total	86.4L	1.29Cr	1.62Cr	3.06Cr	7.3Cr
R&D Expenses	-	-	-	-	-36T
Depreciation & Amortization - (IS)	9L	10.83L	25.35L	87.26L	1.69Cr
Other Operating Expenses	16.73L	81T	9L	48.85L	-
Other Operating Expenses, Total	1.12Cr	1.41Cr	1.96Cr	4.43Cr	8.99Cr
Operating Income	-1.28Cr	-1.61Cr	-27.28L	47.65L	79.07L
Interest Expense, Total	-2L	-1L	-17.21L	-48.86L	-1.23Cr
Net Interest Expenses	-2L	-1L	-17.21L	-48.86L	-1.23Cr
Currency Exchange Gains (Loss)	-	-	-	-86T	-
Other Non Operating Income (Expenses)	-	-	-	0	-
EBT, Excl. Unusual Items	-1.3Cr	-1.63Cr	-44.49L	-2L	-43.76L
Merger & Related Restructuring Charges	-	-	-	-1L	-
Other Unusual Items	-	-	-	-	-78.03L
EBT, Incl. Unusual Items	-1.3Cr	-1.63Cr	-44.49L	-3L	-1.22Cr
Income Tax Expense	-3L	62T	-94T	-29.14L	20.81L
Earnings From Continuing Operations	-1.27Cr	-1.63Cr	-43.55L	26.07L	-1.43Cr
Net Income to Company	-1.27Cr	-1.63Cr	-43.55L	26.07L	-1.43Cr
Net Income - (IS)	-1.27Cr	-1.63Cr	-43.55L	26.07L	-1.43Cr
Net Income to Common Incl Extra Items	-1.27Cr	-1.63Cr	-43.55L	26.07L	-1.43Cr
Net Income to Common Excl. Extra Items	-1.27Cr	-1.63Cr	-43.55L	26.07L	-1.43Cr
Per Share Items
Net EPS - Basic	-1.92	-2.09	-0.42	0.21	-0.96
Basic EPS - Continuing Operations	-1.92	-2.09	-0.42	0.21	-0.96
Basic Weighted Average Shares Outstanding	66.23L	77.95L	1.04Cr	1.23Cr	1.48Cr
Net EPS - Diluted	-1.92	-2.09	-0.42	0.21	-0.96
Diluted EPS - Continuing Operations	-1.92	-2.09	-0.42	0.21	-0.96
Diluted Weighted Average Shares Outstanding	66.23L	77.95L	1.04Cr	1.23Cr	1.48Cr
Normalized Basic EPS	-1.23	-1.3	-0.27	-0.01	-0.18
Normalized Diluted EPS	-1.23	-1.3	-0.27	-0.01	-0.18
Supplemental Items
EBITDA	-1.26Cr	-1.58Cr	-2L	68.58L	2.57Cr
EBITA	-1.28Cr	-1.61Cr	-17.12L	50.85L	79.07L
EBIT	-1.28Cr	-1.61Cr	-27.28L	47.65L	79.07L
EBITDAR	-	-	-	68.99L	-
Effective Tax Rate - (Ratio)	2.09	-0.38	2.11	949.19	-17.09
Total Current Taxes	-3L	-	14.46L	-7L	-
Total Deferred Taxes	-	-	-15.4L	-22.1L	-
Normalized Net Income	-81.25L	-1.02Cr	-27.81L	-1L	-27.35L
Interest Capitalized	-	-	-	21T	-
Interest on Long-Term Debt	-	-	-	8L	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	7L	7L	10.16L	9L	-36T
Net Rental Expense, Total	-	-	-	41T	-
Imputed Operating Lease Interest Expense	-	-	-	34.15T	-
Imputed Operating Lease Depreciation	-	-	-	6.85T	-

Fiscal Period: December	2020 (DKK)	2021 (DKK)	2022 (DKK)	2023 (DKK)	2024 (DKK)
Assets
Cash And Equivalents	91.76L	20.39L	47.38L	25.03L	42.54L
Total Cash And Short Term Investments	91.76L	20.39L	47.38L	25.03L	42.54L
Accounts Receivable, Total	3L	46.77L	3.29Cr	12Cr	19Cr
Other Receivables	9L	23.59L	67.44L	58.6L	57.88L
Total Receivables	12.24L	70.36L	3.96Cr	13Cr	20Cr
Inventory	84.19L	93.77L	4.49Cr	4.34Cr	11Cr
Prepaid Expenses	2L	-	-	65.01L	37.48L
Total Current Assets	1.9Cr	1.85Cr	8.93Cr	18Cr	31Cr
Gross Property Plant And Equipment	10.4L	21.4L	51.17L	2.59Cr	-
Accumulated Depreciation	-4L	-7L	-19.46L	-33.85L	-
Net Property Plant And Equipment	6L	13.91L	31.71L	2.25Cr	3.49Cr
Goodwill	-	4L	68.17L	48.09L	48.09L
Other Intangibles, Total	45.59L	58.5L	56.82L	6Cr	10Cr
Deferred Tax Assets Long-Term	-	-	-	68.97L	88.63L
Total Assets	2.42Cr	2.6Cr	10Cr	27Cr	46Cr
Liabilities
Accounts Payable, Total	21.87L	55.16L	2.78Cr	6.29Cr	12Cr
Current Portion of Long-Term Debt	-	43T	2.42Cr	2.55Cr	11Cr
Current Portion of Leases	-	-	-	55.55L	70.2L
Unearned Revenue Current, Total	-	-	-	6L	88.98L
Other Current Liabilities	11.49L	54.14L	81.79L	1.23Cr	3.11Cr
Total Current Liabilities	33.36L	1.1Cr	6.02Cr	11Cr	28Cr
Long-Term Debt	-	47T	9L	2.24Cr	69.05L
Long-Term Leases	-	31T	-	65.54L	1.93Cr
Deferred Tax Liability Non Current	-	-	-	66.32L	59.08L
Other Non Current Liabilities	5L	4T	5L	3L	5L
Total Liabilities	38.31L	1.11Cr	6.16Cr	14Cr	31Cr
Common Stock, Total	7L	8L	10.46L	14.05L	15.07L
Retained Earnings	1.97Cr	1.42Cr	4.23Cr	13Cr	15Cr
Comprehensive Income and Other	-	-	-	-4L	-5L
Total Common Equity	2.04Cr	1.5Cr	4.34Cr	13Cr	15Cr
Total Equity	2.04Cr	1.5Cr	4.34Cr	13Cr	15Cr
Total Liabilities And Equity	2.42Cr	2.6Cr	10Cr	27Cr	46Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	66.23L	77.95L	1.04Cr	1.39Cr	1.51Cr
ECS Total Common Shares Outstanding	66.23L	77.95L	1.04Cr	1.39Cr	1.51Cr
Book Value / Share	3.07	1.92	4.16	9.4	10.23
Tangible Book Value	1.58Cr	87.88L	3.09Cr	6.6Cr	4.72Cr
Tangible Book Value Per Share	2.39	1.13	2.96	4.74	3.13
Total Debt	0	1L	2.51Cr	6Cr	14Cr
Net Debt	-91.76L	-19.18L	2.04Cr	5.75Cr	14Cr
Debt Equivalent Oper. Leases	-	-	-	3L	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	77.42L	-	-	7L	-
Inventories - Finished Goods, Total	-	84.46L	4.36Cr	3.73Cr	-
Inventories - Others	7L	9L	13.58L	54.3L	-
Machinery, Total	10.23L	21.4L	51.17L	1.27Cr	-
Full Time Employees	23	22	28	37	50

Fiscal Period: December	2020 (DKK)	2021 (DKK)	2022 (DKK)	2023 (DKK)	2024 (DKK)
Net Income	-1.27Cr	-1.63Cr	-43.55L	26.07L	-1.43Cr
Depreciation & Amortization - CF	2L	3L	15.19L	77.93L	-
Amortization of Goodwill and Intangible Assets - (CF)	-	17T	10.16L	3L	-
Depreciation & Amortization, Total	2L	4L	25.35L	81.13L	-
Amortization of Deferred Charges, Total - (CF)	7L	7L	-	6L	-
Asset Writedown & Restructuring Costs	25T	1T	-	-	-
Other Operating Activities, Total	2L	4L	-14.46L	-46.21L	1.77Cr
Change In Accounts Receivable	11.56L	-56.23L	-2.32Cr	-9.46Cr	-
Change In Inventories	-58.49L	-10L	-2.44Cr	69.52L	-
Change In Accounts Payable	1L	75.96L	1.33Cr	3.39Cr	-
Change in Other Net Operating Assets	-14.01L	-10.56L	-37.45L	5L	-4.39Cr
Cash from Operations	-1.75Cr	-1.49Cr	-4.13Cr	-4.65Cr	-4.04Cr
Capital Expenditure	-1L	-7L	-24.32L	-71.68L	-21.97L
Sale (Purchase) of Intangible assets	-	-23.79L	-77.24L	-1.24Cr	-4.79Cr
Cash from Investing	-1L	-30.99L	-1.02Cr	-1.96Cr	-5.01Cr
Long-Term Debt Issued, Total	-	-	2.17Cr	2.41Cr	6.57Cr
Total Debt Issued	-	-	2.17Cr	2.41Cr	6.57Cr
Long-Term Debt Repaid, Total	-	-	-31T	-56.68L	-82.23L
Total Debt Repaid	-	-	-31T	-56.68L	-82.23L
Issuance of Common Stock	2.7Cr	1.16Cr	3.5Cr	4.89Cr	3.59Cr
Repurchase of Common Stock	-19.88L	-	-	-33.74L	-
Other Financing Activities, Total	-	-7L	-24.9L	-9L	-13.5L
Cash from Financing	2.5Cr	1.08Cr	5.42Cr	6.3Cr	9.21Cr
Foreign Exchange Rate Adjustments	-	-	-	5T	2L
Miscellaneous Cash Flow Adjustments	-	-	-	8L	-
Net Change in Cash	73.61L	-71.8L	26.99L	-22.34L	17.5L
Supplemental Items
Cash Interest Paid	-	1L	17.26L	49.95L	1.16Cr
Cash Income Tax Paid (Refund)	-5L	-3L	13.47L	13.02L	4L
Levered Free Cash Flow	-1.22Cr	-1.12Cr	-5.35Cr	-6.49Cr	-9.74Cr
Unlevered Free Cash Flow	-1.21Cr	-1.11Cr	-5.25Cr	-6.19Cr	-8.97Cr
Change In Net Working Capital	48.44L	-10L	4.31Cr	5.4Cr	4.46Cr
Net Debt Issued / Repaid	-	-	2.17Cr	1.84Cr	5.75Cr

Fiscal Period: December	2020 (DKK)	2021 (DKK)	2022 (DKK)	2023 (DKK)	2024 (DKK)
Profitability
Return on Assets	-42.96	-40.15	-2.6	1.53	1.34
Return on Total Capital	-53.81	-56.86	-4.08	2.21	2.04
Return On Equity %	-85.35	-92.35	-14.92	2.97	-10.01
Return on Common Equity	-85.35	-92.35	-14.92	2.97	-10.01
Margin Analysis
Gross Profit Margin %	-26.41	-11.62	19.35	28.63	32.4
SG&A Margin	142.95	72.62	18.59	17.9	24.2
EBITDA Margin %	-208.88	-88.75	-0.22	4.01	8.51
EBITA Margin %	-212.41	-90.69	-1.96	2.97	2.62
EBIT Margin %	-212.41	-90.79	-3.12	2.78	2.62
Income From Continuing Operations Margin %	-210.59	-91.85	-4.98	1.52	-4.72
Net Income Margin %	-210.59	-91.85	-4.98	1.52	-4.72
Net Avail. For Common Margin %	-210.59	-91.85	-4.98	1.52	-4.72
Normalized Net Income Margin	-134.43	-57.19	-3.18	-0.08	-0.91
Levered Free Cash Flow Margin	-201.31	-62.97	-61.27	-37.91	-32.27
Unlevered Free Cash Flow Margin	-199.63	-62.52	-60.03	-36.13	-29.73
Asset Turnover
Asset Turnover	0.32	0.71	1.33	0.88	0.82
Fixed Assets Turnover	8.73	17.52	38.31	9.53	10.52
Receivables Turnover (Average Receivables)	6.72	7.09	4.65	2.22	1.92
Inventory Turnover (Average Inventory)	1.39	2.23	2.6	2.77	2.73
Short Term Liquidity
Current Ratio	5.69	1.68	1.48	1.68	1.13
Quick Ratio	3.12	0.83	0.74	1.21	0.74
Operating Cash Flow to Current Liabilities	-5.25	-1.36	-0.69	-0.43	-0.15
Days Sales Outstanding (Average Receivables)	54.5	51.5	78.41	164.16	191.03
Days Outstanding Inventory (Average Inventory)	263.22	163.75	140.64	131.98	133.95
Average Days Payable Outstanding	48	67.61	57.25	137.06	128.2
Cash Conversion Cycle (Average Days)	269.72	147.64	161.79	159.08	196.78
Long Term Solvency
Total Debt/Equity	-	0.81	57.99	45.86	90.8
Total Debt / Total Capital	-	0.8	36.7	31.44	47.59
LT Debt/Equity	-	0.52	2.13	22.1	17.01
Long-Term Debt / Total Capital	-	0.52	1.35	15.15	8.92
Total Liabilities / Total Assets	15.84	42.44	58.68	52.17	66.8
EBIT / Interest Expense	-79.25	-127.03	-1.59	0.98	0.64
EBITDA / Interest Expense	-77.93	-124.18	-0.11	2.64	2.09
(EBITDA - Capex) / Interest Expense	-78.72	-129.85	-1.53	1.17	1.91
Total Debt / EBITDA	-	-0.01	-130.3	4.66	5.45
Net Debt / EBITDA	0.73	0.12	-105.75	4.47	5.28
Total Debt / (EBITDA - Capex)	-	-0.01	-9.58	10.51	5.96
Net Debt / (EBITDA - Capex)	0.72	0.12	-7.77	10.07	5.78
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-32.23	194.01	391.7	95.93	76.3
Gross Profit, 1 Yr. Growth %	-398.32	29.32	-919.88	85.12	99.5
EBITDA, 1 Yr. Growth %	35.4	24.93	-98.72	-1.1T	121.4
EBITA, 1 Yr. Growth %	35.01	25.53	-89.39	-374.42	-16.87
EBIT, 1 Yr. Growth %	35.01	25.67	-83.09	-343.11	-16.87
Earnings From Cont. Operations, 1 Yr. Growth %	39.94	28.24	-73.32	-160.81	-646.99
Net Income, 1 Yr. Growth %	39.94	28.24	-73.32	-160.81	-646.99
Normalized Net Income, 1 Yr. Growth %	35.74	25.08	-72.64	-95.23	-196.39
Diluted EPS Before Extra, 1 Yr. Growth %	-	8.94	-80.04	-140.78	-557.65
Accounts Receivable, 1 Yr. Growth %	-76.88	1.28T	602.76	268.56	60.12
Inventory, 1 Yr. Growth %	227.59	11.38	379.2	-3.35	143.89
Net Property, Plant and Equip., 1 Yr. Growth %	-14.84	118.37	127.97	67.04	55.25
Total Assets, 1 Yr. Growth %	83.66	7.7	302.93	135.23	69.69
Tangible Book Value, 1 Yr. Growth %	276.43	-44.36	251.26	111.04	-28.49
Common Equity, 1 Yr. Growth %	114.91	-26.34	189.25	191.61	17.79
Cash From Operations, 1 Yr. Growth %	71.7	-14.8	176.84	29.46	-13.08
Capital Expenditures, 1 Yr. Growth %	-85.5	462.5	237.78	194.74	-69.35
Levered Free Cash Flow, 1 Yr. Growth %	-	-8.03	378.5	60.48	37.73
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-7.92	372.31	58.38	32.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	41.15	280.24	210.38	85.86
Gross Profit, 2 Yr. CAGR %	-	96.42	225.46	387.61	92.17
EBITDA, 2 Yr. CAGR %	-	30.06	-87.64	-32.5	512
EBITA, 2 Yr. CAGR %	-	30.19	-63.48	-43.85	106.57
EBIT, 2 Yr. CAGR %	-	30.25	-53.9	-45.65	100.85
Earnings From Cont. Operations, 2 Yr. CAGR %	-	33.96	-41.51	-60.03	82.38
Net Income, 2 Yr. CAGR %	-	33.96	-41.51	-60.03	82.38
Normalized Net Income, 2 Yr. CAGR %	-	30.3	-41.5	-88.72	0.41
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-53.37	-68.33	36.62
Accounts Receivable, 2 Yr. CAGR %	-	78.86	886.12	408.93	142.93
Inventory, 2 Yr. CAGR %	-	91.01	131.03	115.21	53.53
Net Property, Plant and Equip., 2 Yr. CAGR %	-	36.37	123.11	301.94	61.04
Total Assets, 2 Yr. CAGR %	-	40.65	108.32	224.13	99.79
Tangible Book Value, 2 Yr. CAGR %	-	44.72	39.8	174.1	22.85
Common Equity, 2 Yr. CAGR %	-	25.82	45.97	195.45	85.33
Cash From Operations, 2 Yr. CAGR %	-	20.94	53.57	76.49	6.08
Capital Expenditures, 2 Yr. CAGR %	-	-9.34	335.89	215.52	-4.95
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	109.77	140.86	55.19
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	108.52	135.98	51.57
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	113.98	204.84	157.05
Gross Profit, 3 Yr. CAGR %	-	-	216.15	213.18	261.99
EBITDA, 3 Yr. CAGR %	-	-	-72.54	-18.4	19.51
EBITA, 3 Yr. CAGR %	-	-	-43.53	-26.56	-21.15
EBIT, 3 Yr. CAGR %	-	-	-34.05	-28.13	-21.15
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-21.77	-41.05	-4.4
Net Income, 3 Yr. CAGR %	-	-	-21.77	-41.05	-4.4
Normalized Net Income, 3 Yr. CAGR %	-	-	-22.55	-74.84	-35.43
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-52.19	-22.86
Accounts Receivable, 3 Yr. CAGR %	-	-	182.23	610.32	246.14
Inventory, 3 Yr. CAGR %	-	-	159.55	72.79	124.37
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	61.84	227.97	192.72
Total Assets, 3 Yr. CAGR %	-	-	99.75	124.5	161.23
Tangible Book Value, 3 Yr. CAGR %	-	-	94.49	61.09	75.14
Common Equity, 3 Yr. CAGR %	-	-	66.06	85.95	117.45
Cash From Operations, 3 Yr. CAGR %	-	-	59.39	38.45	39.37
Capital Expenditures, 3 Yr. CAGR %	-	-	40.55	282.59	45.04
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	74.73	105.72
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	72.43	100.65
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	102.25
Gross Profit, 5 Yr. CAGR %	-	-	-	-	183.4
EBITDA, 5 Yr. CAGR %	-	-	-	-	22.47
EBITA, 5 Yr. CAGR %	-	-	-	-	-3.62
EBIT, 5 Yr. CAGR %	-	-	-	-	-3.62
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	9.41
Net Income, 5 Yr. CAGR %	-	-	-	-	9.41
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	-14.5
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	165.8
Inventory, 5 Yr. CAGR %	-	-	-	-	110.38
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	115.65
Total Assets, 5 Yr. CAGR %	-	-	-	-	103.92
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	62.27
Common Equity, 5 Yr. CAGR %	-	-	-	-	74.71
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	31.69
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	20.19