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SHMDW

SCHMID Group N.V. Warrants

SHMDW

SCHMID Group N.V. Warrants • NASDAQ
$0.85 ▲ 25.00% (+0.17)
Market Cap $36.56 M
52w High $0.85
52w Low $0.40
Dividend Yield 0%
P/E 0
Volume 39.53K
Outstanding Shares 43.01M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2024 $3.011M ▼ $113.772M ▲ $167.945M ▲ $-54.827M ▼
Q4-2023 $5.71M ▼ $106.582M ▼ $124.422M ▼ $-25.198M ▲
Q2-2023 $7.707M ▼ $137.767M ▼ $156.759M ▼ $-26.065M ▲
Q4-2022 $8.332M $180.247M $234.562M $-60.996M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement The core business is still very small in scale but appears to be moving in the right direction. Sales have been growing from a low base, and profitability has improved from losses a few years ago to a modest profit more recently. That suggests better cost control and some operating leverage starting to show. However, at this size the income statement is still fragile: a few delayed orders or project issues could quickly swing results back into loss. Overall, the trend is encouraging, but the business is still in an early, volatile phase financially.

Balance Sheet

Balance Sheet The balance sheet is a clear weak spot. Assets are limited, cash reserves are thin, and there is a meaningful amount of debt relative to the size of the company. Reported equity is negative, which signals a capital structure that has been under strain and leaves less of a cushion for setbacks. This points to elevated financial risk and a likely ongoing dependence on lenders or new capital injections to support growth and R&D. It also means the company has less flexibility if markets slow or large projects slip.

Cash Flow

Cash Flow Cash generation is just around breakeven. Operating activities are only slightly positive, and once spending on equipment and development is considered, there isn’t much surplus cash left. Investment needs are present but not huge, yet they still weigh on the company’s ability to build a cash buffer. This pattern is typical of a business that is transitioning from development toward commercial scale: it is not burning large amounts of cash, but it also does not yet produce strong, self-funding cash flows. Any growth acceleration or downturn could shift cash flow quickly in either direction.

Competitive Edge

Competitive Edge Competitively, SCHMID looks stronger than its current financials suggest. It has a long industrial history, deep process know‑how, and a large portfolio of patents. Its position as an integrated solutions provider—offering complete process lines rather than just stand‑alone machines—gives it a practical edge with complex, demanding customers. The focus on advanced IC packaging for AI and high‑performance computing, together with established relationships with major electronics and photovoltaic players, places it in niches that are structurally growing. That said, it still competes against much larger semiconductor and equipment makers, operates in cyclical capital spending markets, and may face customer concentration and regional exposure risks, especially in Asia.

Innovation and R&D

Innovation and R&D Innovation is the heart of the story. The Embedded Trace process, glass‑core substrates, and the InfinityLine equipment platform position SCHMID at the cutting edge of advanced packaging, where demand is being pushed by AI, data centers, and high‑end servers. In parallel, the company is active in photovoltaics and vanadium redox flow batteries, offering differentiated solutions for solar production and long‑duration energy storage. This breadth provides multiple avenues for growth but also increases execution complexity: each technology must move from lab and pilot stages into broad, profitable adoption. Success will depend on converting technical wins and awards into repeat orders, scaled production, and long‑term service relationships.

Summary

Overall, SCHMID Group appears to be a technologically rich but financially delicate industrial player. The income statement shows progress from losses to modest profitability, yet the balance sheet carries notable weakness, with negative equity and reliance on debt. Cash flow is close to self‑sustaining but not yet robust, leaving little margin for error. The real attraction lies in its strong positioning in advanced IC packaging for AI, along with solar and energy‑storage technologies that could benefit from long‑term global trends. Against that, investors need to weigh the early‑stage scale, capital intensity, cyclical end‑markets, and the heightened risk implied by the current balance sheet and the warrant structure (which inherently adds leverage and time sensitivity). The company’s future will largely hinge on its ability to turn its innovation pipeline and customer relationships into durable, cash‑generating growth over the next several years.