Archive
All ConradReport.com articles, newest first.
October 2026
-
Since 2022 Alza.sk has grown sales every year, from EUR 79.5m to EUR 621m
Alza.sk sold more and earned more in 2025, yet its bank balance shrank. For an online retailer whose customers usually pay up front, that is the wrong direction. The question is where the money went, and …
-
Microsoft earned USD 134bn in a year and ended it holding less cash
Microsoft's net profit rose 31.3% in its 2026 fiscal year, yet the cash line on its balance sheet fell 30.8%. Profit and cash are different things. The gap points to investment and shareholder returns rather than …
-
Why NVIDIA's costs fell behind a 105.9% jump in revenue
NVIDIA's quarterly revenue rose 105.9% year on year, and its margins widened instead of thinning. Price and scale can both explain that, and they last for different lengths of time. The cash line tells a quieter …
-
Apple earned more per dollar of sales, and its equity grew faster still
Apple's net profit for the quarter to late June 2026 rose 27.1%, and its equity rose 63.3%. For a company known for paying out what it earns, the balance sheet is the stranger half. Here is …
-
A price cut of 3.8% would have wiped out Alza.cz's CZK 2.3bn profit on CZK 61.1bn of sales
The Czech online retailer booked CZK 61.1bn of revenue in 2024 and kept CZK 2.3bn as net profit, a net margin of 3.8%. A discount of that size on every sale, with costs unchanged, would have …
-
Kofola's parent owes 7.15× its EBITDA, and its own accounts cannot tell you whether that is a problem
The parent company of the Kofola drinks group ended 2024 with financial debt of CZK 4.1bn against EBITDA of CZK 572m. On a standalone basis that multiple looks heavy. Much of what the parent earns, and …