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General information

Country: GERMANY

Sector: Electronic Components

VIA optronics AG, through its subsidiary, VIA optronics GmbH, provides display solutions and systems worldwide. It offers interactive display solutions and systems that combine system design, interactive displays, software, and other hardware components; and optical bonding solutions for various displays and touch panels. The company also provides camera solutions and systems. It serves automotive, consumer electronics, industrial, and specialized end markets. The company was founded in 2005 and is headquartered in Nuremberg, Germany. VIA optronics AG is a subsidiary of Integrated Micro-Electronics, Inc.
Website: via-optronics.com



Growth: Bad revenue growth rate -7.7%, there is slowdown compared to average historical growth rates 0.0%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is negative, -6.2%. On average the margin is decreasing steadily. Gross margin is low, +8.5%. In the last quarter the company did not beat the estimated EPS. The company was ahead of estimated EPS in 75% of quarters (showing a gain of +$0.09 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -435.3% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 0.0% higher than minimum and 98.5% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 0.9x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: VIAO
Share price, USD:  (0.0%)0.2231
year average price 1.3386  


year start price 2.6700 2023-04-29

max close price 2.9400 2023-05-08

min close price 0.2231 2024-04-24

current price 0.2231 2024-04-27
Common stocks: 22 653 505

Dividend Yield:  0.0%
Last revenue growth (y/y):  -7.7%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  0.0%
Historical growth of EBITDA:  ---
EV / Sales: 0.0x
Margin (EBITDA LTM / Revenue): -6.2%
Fundamental value created in LTM:
Market Cap ($m): 5
Net Debt ($m): -5
EV (Enterprise Value): 0
Price to Book: 0.1x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q3 2023 q2 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2022-12-31 2022-09-30 2022-06-30
symbol VIAO VIAO VIAO VIAO VIAO
reportedCurrency EUR EUR EUR EUR EUR
cik 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2022-12-31 2022-09-29 2022-06-30
acceptedDate 2023-09-28 20:00:00 2023-06-28 20:00:00 2022-12-31 00:00:00 2022-09-29 08:08:17 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q4 Q3 Q2
revenue 0 0 46M 63M 48M
costOfRevenue 0 0 0 58M 44M
grossProfit 0 0 46M 5M 4M
grossProfitRatio 0 0 1.000 0.086 0.085
researchAndDevelopmentExpenses 0 0 0 1M 2M
generalAndAdministrativeExpenses 0 0 0 5M 7M
sellingAndMarketingExpenses 0 0 0 1M 1M
sellingGeneralAndAdministrativeExpenses 0 0 0 6M 8M
otherExpenses 0 0 -50M -4M -4M
operatingExpenses 0 0 -50M 3M 5M
costAndExpenses 0 0 -50M 61M 49M
interestIncome 0 0 0 0 0
interestExpense 0 0 300 000 -500 000 -400 000
depreciationAndAmortization 0 0 0 -1 000 000 0
ebitda 0 0 -4M 2M -2M
ebitdaratio 0 0 -0.096 0.033 -0.042
operatingIncome 0 0 -4M 3M -1M
operatingIncomeRatio 0 0 -0.096 0.049 -0.025
totalOtherIncomeExpensesNet 0 0 -300 000 -2M -400 000
incomeBeforeTax 0 0 -5M 2M -2M
incomeBeforeTaxRatio 0 0 -0.103 0.025 -0.033
incomeTaxExpense 0 0 2M 400 000 -200 000
netIncome 0 0 -6M 1M -1M
netIncomeRatio 0 0 -0.138 0.019 -0.029
eps 0 0 -0.280 0.053 -0.062
epsdiluted 0 0 -0.280 0.053 -0.062
weightedAverageShsOut 0 0 23M 23M 23M
weightedAverageShsOutDil 0 0 23M 23M 23M
link Link
finalLink Link

Balance Sheet Statement

Property 2023 q3 2023 q2 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2022-12-31 2022-09-30 2022-06-30
symbol VIAO VIAO VIAO VIAO VIAO
reportedCurrency EUR EUR EUR EUR EUR
cik 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2022-12-31 2022-09-29 2022-06-30
acceptedDate 2023-09-28 20:00:00 2023-06-28 20:00:00 2022-12-31 00:00:00 2022-09-29 08:08:17 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q4 Q3 Q2
cashAndCashEquivalents 0 0 44M 54M 53M
shortTermInvestments 0 0 8M 0 0
cashAndShortTermInvestments 0 0 52M 54M 53M
netReceivables 0 0 24M 34M 32M
inventory 0 0 22M 32M 40M
otherCurrentAssets 0 0 12M 9M 7M
totalCurrentAssets 0 0 110M 129M 133M
propertyPlantEquipmentNet 0 0 21M 21M 21M
goodwill 0 0 0 0 0
intangibleAssets 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 3M 3M 3M
longTermInvestments 0 0 1M 1M 1M
taxAssets 0 0 700 000 1M 1M
otherNonCurrentAssets 0 0 0 0 0
totalNonCurrentAssets 0 0 26M 27M 28M
otherAssets 0 0 0 0 0
totalAssets 0 0 136M 156M 160M
accountPayables 0 0 27M 27M 33M
shortTermDebt 0 0 32M 41M 42M
taxPayables 0 0 300 000 200 000 600 000
deferredRevenue 0 0 0 0 0
otherCurrentLiabilities 0 0 17M 21M 19M
totalCurrentLiabilities 0 0 76M 89M 94M
longTermDebt 0 0 7M 8M 7M
deferredRevenueNonCurrent 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0
otherNonCurrentLiabilities 0 0 300 000 100 000 200 000
totalNonCurrentLiabilities 0 0 7M 8M 7M
otherLiabilities 0 0 0 0 0
capitalLeaseObligations 0 0 8M 9M 9M
totalLiabilities 0 0 83M 98M 101M
preferredStock 0 0 0 0 0
commonStock 0 0 5M 5M 5M
retainedEarnings 0 0 -37M -31M -32M
accumulatedOtherComprehensiveIncomeLoss 0 0 85M 84M 86M
othertotalStockholdersEquity 0 0 0 0 0
totalStockholdersEquity 0 0 53M 58M 58M
totalEquity 0 0 53M 58M 58M
totalLiabilitiesAndStockholdersEquity 0 0 136M 156M 160M
minorityInterest 0 0 100 000 400 000 0
totalLiabilitiesAndTotalEquity 0 0 136M 156M 160M
totalInvestments 0 0 9M 1M 0
totalDebt 0 0 38M 49M 49M
netDebt 0 0 -6M -5M -5M
link Link
finalLink Link

Cash Flow Statement

Property 2023 q3 2023 q2 2020 q3 2020 q2
date 2023-09-30 2023-06-30 2020-09-30 2020-06-30
symbol VIAO VIAO VIAO VIAO
reportedCurrency EUR EUR EUR EUR
cik 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2020-09-30 2020-06-30
acceptedDate 2023-09-28 20:00:00 2023-06-28 20:00:00 2020-09-29 20:00:00 2020-06-29 20:00:00
calendarYear 2023.000 2023.000 2020.000 2020.000
period Q3 Q2 Q3 Q2
netIncome 0 0 1M -15 642
depreciationAndAmortization 0 0 0 0
deferredIncomeTax 0 0 0 0
stockBasedCompensation 0 0 0 0
changeInWorkingCapital 0 0 0 0
accountsReceivables 0 0 0 0
inventory 0 0 0 0
accountsPayables 0 0 0 0
otherWorkingCapital 0 0 0 0
otherNonCashItems 0 0 -1M -921 118
netCashProvidedByOperatingActivities 0 0 0 -936 760
investmentsInPropertyPlantAndEquipment 0 0 0 0
acquisitionsNet 0 0 0 0
purchasesOfInvestments 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0
otherInvestingActivites 0 0 0 -237 236
netCashUsedForInvestingActivites 0 0 0 -237 236
debtRepayment 0 0 0 -427 303
commonStockIssued 0 0 0 0
commonStockRepurchased 0 0 0 0
dividendsPaid 0 0 0 0
otherFinancingActivites 0 0 0 854 606
netCashUsedProvidedByFinancingActivities 0 0 0 427 303
effectOfForexChangesOnCash 0 0 0 0
netChangeInCash 0 0 0 -746 693
cashAtEndOfPeriod 0 0 0 -746 693
cashAtBeginningOfPeriod 0 0 0 0
operatingCashFlow 0 0 0 -936 760
capitalExpenditure 0 0 0 0
freeCashFlow 0 0 0 -936 760
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finalLink

Earning call transcript

2023 q1
2023-03-28 ET (fiscal 2022 q4)
2022 q3
2022-11-23 ET (fiscal 2022 q3)
2022 q2
2022-06-29 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-04-10 10:30 ET
VIA optronics and Antolin unveil Sunrise, a New Horizon of Integration in Vehicle Cockpits
2024-04-09 21:00 ET
VIA optronics AG Announces Intention to Voluntarily Delist its ADSs from the New York Stock Exchange
2024-04-04 10:30 ET
VIA optronics AG Announces Change in Management Board
2024-02-28 11:32 ET
VIA optronics AG Announces Conclusion of Internal Review and Provides Management Update
2024-02-08 11:30 ET
VIA optronics AG Signs Design and Development Contract with Immervision Inc. for VIA´s Next Generation Automotive Camera
2024-02-06 11:30 ET
VIA optronics AG Announces Appointment of New Chief Marketing Officer
2024-01-16 11:30 ET
VIA optronics AG Announces Receipt of Notice Regarding NYSE Continued Listing Standards
2023-12-14 20:34 ET
Cannell Capital Demands Board Refresh at VIA Optronics
2023-12-01 21:15 ET
VIA optronics Provides Further Update to Recent Management Communications
2023-11-28 21:14 ET
"Rescue VIAO" Has Been Formed to Help All Injured Shareholders of VIA Optronics AG (VIAO)
2023-11-17 11:00 ET
VIA optronics Provides Corporate and Management Updates
2023-11-06 18:22 ET
Cannell Capital LLC Sends Letter to VIA Optronics Chairman Dr. Heiko Frank
2023-09-19 10:30 ET
VIA optronics AG to Showcase its Technologies at the 30th Annual SID Vehicle Displays & Interfaces Symposium and Expo
2023-08-30 10:15 ET
VIA optronics AG Announces Strategic Collaboration with Antolin to Develop Innovative Integrated Display Systems for Vehicle Interiors
2023-08-09 11:00 ET
VIA optronics AG Announces Planned CEO Transition and Business Update
2023-05-23 20:30 ET
VIA optronics AG Announces Notice of Failure to Satisfy a Continued Listing Rule or Standard of the New York Stock Exchange
2023-05-16 20:30 ET
VIA optronics AG Announces New Supervisory Board Member
2023-03-28 12:44 ET
VIA optronics AG Reports Preliminary Unaudited Fourth Quarter and Full Year 2022 Financial Results
2023-03-16 20:30 ET
VIA optronics AG Announces Reporting Date and Conference Call for Preliminary Unaudited Fourth Quarter and Full Year 2022 Financial Results
2023-01-17 21:30 ET
VIA optronics AG to Participate at the Sidoti January 2023 Micro-Cap Virtual Conference
2022-12-30 02:00 ET
Cannell Capital LLC Calls upon All Owners of VIA Optronics AG to Help Stimulate Value in VIAO
2022-12-29 21:30 ET
VIA optronics AG Announces 2022 Annual General Meeting Results
2022-11-23 10:48 ET
VIA optronics AG Reports Preliminary Unaudited Third Quarter 2022 Results
2022-11-22 21:05 ET
VIA optronics AG Announces Annual General Meeting Date
2022-11-17 21:05 ET
VIA optronics AG Announces Reporting Date and Conference Call for Preliminary Unaudited Third Quarter 2022 Financial Results
2022-10-11 20:30 ET
VIA optronics AG Announces Plans for a Shared Services Center
2022-09-29 11:50 ET
VIA optronics AG Reports Preliminary Unaudited Second Quarter 2022 Results
2022-09-22 20:30 ET
VIA optronics AG Announces Reporting Date and Conference Call for Preliminary Second Quarter 2022 Financial Results
2022-09-20 20:30 ET
VIA optronics AG Reports Preliminary Unaudited Second Quarter 2022 Revenue
2022-09-15 20:30 ET
VIA optronics AG Announces Plans to Install New Production Equipment for its Cameras
2022-09-07 10:30 ET
VIA optronics AG to Showcase its Technologies at the 29th Annual SID Vehicle Displays & Interfaces Symposium and Expo
2022-08-11 20:30 ET
VIA optronics AG Launches Configurable Display Solutions
2022-08-02 20:30 ET
VIA optronics AG Appoints Roland Chochoiek as Chief Marketing Officer
2022-07-28 20:30 ET
VIA optronics AG Launches New Website
2022-07-14 20:30 ET
VIA optronics AG Expects Breakeven Net Profit on a Run-Rate Basis by End of Year 2022
2022-07-06 20:30 ET
VIA optronics AG Announces New Automotive Display Business Award
2022-06-29 10:47 ET
VIA optronics AG Reports Unaudited First Quarter 2022 Results
2022-06-23 20:40 ET
VIA optronics AG Announces Successful Participation at Embedded World 2022
2022-06-22 20:30 ET
VIA optronics AG Announces Reporting Date and Conference Call for Full Year 2021 and First Quarter 2022 Financial Results
2022-06-15 20:30 ET
VIA optronics AG Achieves Record Shipments of over 31,000 Units at Nuremberg Production Site
2022-06-14 10:30 ET
VIA optronics AG to Showcase its Multifaceted Technologies at Embedded World 2022 Exhibition
2022-06-02 10:30 ET
VIA optronics AG Announces Plans for a New Production Site in the Philippines
2022-05-31 10:30 ET
VIA optronics AG to Participate at the 19th Annual Craig-Hallum Institutional Investor Conference
2022-05-24 10:30 ET
VIA optronics AG Continues to Drive Growth at its Nuremberg Headquarters
2022-05-23 20:30 ET
VIA optronics AG to Present at Annual German Spring Conference
2022-05-16 11:45 ET
VIA optronics AG files Annual Report 2021 on Form 20-F with the U.S. Securities and Exchange Commission
2022-05-03 20:41 ET
VIA optronics AG Files SEC Form 12b-25
2022-02-08 21:16 ET
VIA optronics AG Receives 2021 Award for Best Technology Innovation Value Creation Strategy - Germany By Capital Finance International
2022-01-13 21:16 ET
VIA optronics AG Announces Changes to the Committee Composition of the Company’s Supervisory Board
2021-12-29 21:16 ET
VIA optronics AG Announces 2021 Annual General Meeting Results
2021-12-27 21:16 ET
VIA optronics AG to Virtually Present at the 24th Annual Needham Growth Conference
2021-12-16 12:00 ET
VIA optronics AG Achieves IATF 16949 Certification
2021-12-14 12:00 ET
VIA optronics AG Incorporates New Entity, VIA optronics (Philippines), Inc., for Design and Development of Camera Solutions
2021-11-22 14:00 ET
VIA optronics AG Announces Annual General Meeting, Supervisory Board Nominations and Additional Financial Expectations
2021-11-17 12:46 ET
VIA optronics AG Reports Unaudited Third Quarter 2021 Results
2021-11-09 12:00 ET
VIA optronics AG Reports Preliminary Unaudited Third Quarter 2021 Financial Results

SEC forms

Show financial reports only

SEC form 6
2024-04-10 06:45 ET
VIA optronics AG published news for 2024 q1
SEC form 6
2024-04-10 06:45 ET
VIA optronics AG published news for 2024 q1
SEC form 6
2024-04-09 17:05 ET
VIA optronics AG published news for 2024 q1
SEC form 6
2024-04-09 17:05 ET
VIA optronics AG published news for 2024 q1
SEC form 6
2024-04-08 16:40 ET
VIA optronics AG published news for 2024 q1
SEC form 6
2024-04-04 06:46 ET
VIA optronics AG published news for 2024 q1
SEC form 6
2024-04-04 06:46 ET
VIA optronics AG published news for 2024 q1
SEC form 6
2024-02-28 06:51 ET
VIA optronics AG published news for 2023 q4
SEC form 6
2024-02-28 06:51 ET
VIA optronics AG published news for 2023 q4
SEC form 6
2024-02-08 06:40 ET
VIA optronics AG published news for 2023 q4
SEC form 6
2024-02-08 06:40 ET
VIA optronics AG published news for 2023 q4
SEC form 6
2024-02-06 06:40 ET
VIA optronics AG published news for 2023 q4
SEC form 6
2024-02-06 06:40 ET
VIA optronics AG published news for 2023 q4
SEC form 6
2024-01-16 06:40 ET
VIA optronics AG published news for 2023 q4
SEC form 6
2024-01-16 06:40 ET
VIA optronics AG published news for 2023 q4
SEC form 6
2023-12-01 16:20 ET
VIA optronics AG published news for 2023 q3
SEC form 6
2023-12-01 16:20 ET
VIA optronics AG published news for 2023 q3
SEC form 6
2023-11-17 06:21 ET
VIA optronics AG published news for 2023 q3
SEC form 6
2023-11-17 06:21 ET
VIA optronics AG published news for 2023 q3
SEC form 6
2023-08-30 06:30 ET
VIA optronics AG published news for 2023 q2
SEC form 6
2023-08-09 07:10 ET
VIA optronics AG published news for 2023 q2
SEC form 6
2023-05-23 16:40 ET
VIA optronics AG published news for 2023 q1
SEC form 6
2023-05-16 16:40 ET
VIA optronics AG published news for 2023 q1
SEC form 6
2023-05-02 16:30 ET
VIA optronics AG published news for 2023 q1
SEC form 6
2023-04-05 16:30 ET
VIA optronics AG published news for 2023 q1
SEC form 6
2023-03-28 08:53 ET
VIA optronics AG reported for 2022 q4
SEC form 6
2022-12-29 16:38 ET
VIA optronics AG published news for 2022 q3
SEC form 6
2022-11-23 06:56 ET
VIA optronics AG reported for 2022 q3
SEC form 6
2022-11-22 16:44 ET
VIA optronics AG published news for 2022 q3
SEC form 6
2022-09-29 08:08 ET
VIA optronics AG published news for 2022 q2
SEC form 6
2022-09-20 16:45 ET
VIA optronics AG published news for 2022 q2
SEC form 6
2022-08-02 16:40 ET
VIA optronics AG published news for 2022 q2
SEC form 6
2022-07-14 16:41 ET
VIA optronics AG published news for 2022 q2
SEC form 6
2022-07-06 16:45 ET
VIA optronics AG published news for 2022 q2
SEC form 6
2022-06-29 06:56 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-06-22 16:36 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-06-15 17:15 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-06-02 06:42 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-05-31 06:51 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-05-24 06:49 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-05-23 16:41 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-05-16 07:52 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-05-16 07:32 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-05-03 16:46 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-05-03 16:31 ET
VIA optronics AG published news for 2022 q1
SEC form 6
2022-02-08 16:46 ET
VIA optronics AG published news for 2021 q4
SEC form 6
2022-01-13 16:27 ET
VIA optronics AG published news for 2021 q4
SEC form 6
2021-12-29 16:21 ET
VIA optronics AG published news for 2021 q3
SEC form 6
2021-12-27 16:27 ET
VIA optronics AG published news for 2021 q3
SEC form 6
2021-12-23 08:18 ET
VIA optronics AG published news for 2021 q3
SEC form 6
2021-12-16 07:14 ET
VIA optronics AG published news for 2021 q3
SEC form 6
2021-12-14 07:11 ET
VIA optronics AG published news for 2021 q3
SEC form 6
2021-11-22 09:10 ET
VIA optronics AG published news for 2021 q3
SEC form 6
2021-11-17 08:11 ET
VIA optronics AG published news for 2021 q3
SEC form 6
2021-11-09 07:13 ET
VIA optronics AG published news for 2021 q3
SEC form 6
2021-09-23 16:20 ET
VIA optronics AG published news for 2021 q2
SEC form 6
2021-09-22 16:25 ET
VIA optronics AG published news for 2021 q2
SEC form 6
2021-09-09 08:29 ET
VIA optronics AG published news for 2021 q2
SEC form 6
2021-09-02 16:31 ET
VIA optronics AG published news for 2021 q2
SEC form 6
2021-07-01 16:22 ET
VIA optronics AG published news for 2021 q2
SEC form 6
2021-06-09 16:34 ET
VIA optronics AG published news for 2021 q1
SEC form 6
2021-05-21 08:24 ET
VIA optronics AG published news for 2021 q1
SEC form 6
2021-05-18 07:26 ET
VIA optronics AG published news for 2021 q1
SEC form 6
2021-04-29 17:06 ET
VIA optronics AG published news for 2021 q1
SEC form 6
2021-03-11 09:05 ET
VIA optronics AG published news for 2020 q4
SEC form 6
2021-03-03 12:20 ET
VIA optronics AG published news for 2020 q4
SEC form 6
2020-10-29 13:25 ET
VIA optronics AG published news for 2020 q3