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Max 21 (MA1)

Business description

Max 21 is a technology investment company with 100% stakes in two core subsidiaries: Binect in hybrid business communication and KeyIdentity in IT security.

Stock data

Market cap.€22.1m
Last close€1.27
High / Low (52 weeks)€1.7 / €1.1
Stock market listingDE
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(13)(2.3)(23.7)
Relative *(13.3)(1.7)(22.7)

* % Relative to local index

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Investment summary

Max 21 continues its successful turnaround story, with a solid increase in H118 sales related to Binect family products and LinOTP (even if somewhat behind management expectations). Encouraged by the top-line growth and recently introduced cost efficiencies, management has reaffirmed its FY18 revenue guidance at €7m (implying a 27% y-o-y growth) and is now expecting an EBITDA loss no greater than €1.5m (vs €2.5m previously). The reduced cash burn and business outlook for H218 will eliminate the need for a new share issue, according to the company.

Last updated on 06/09/2018

Key management

Nils Manegold, CEO

Company address

Robert-Koch-Stra├če 9
Weiterstadt
64331
Germany
+49 6151 629100
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