New Risk • Jun 25
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 640% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (€105k revenue, or US$120k). Minor Risks High level of debt (640% net debt to equity). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€14.9m market cap, or US$17.0m). Annonce • May 07
Tonner Drones S.A., Annual General Meeting, Jun 11, 2026 Tonner Drones S.A., Annual General Meeting, Jun 11, 2026. Location: 11 avenue de l opera, paris France New Risk • Mar 02
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Share price has been highly volatile over the past 3 months (14% average weekly change). Revenue has declined by 89% over the past year. Shareholders have been substantially diluted in the past year (125% increase in shares outstanding). Revenue is less than US$1m (€119k revenue, or US$140k). Minor Risk Market cap is less than US$100m (€18.8m market cap, or US$22.2m). Annonce • Feb 26
Tonner Drones S.A. to Report Fiscal Year 2025 Results on Apr 30, 2026 Tonner Drones S.A. announced that they will report fiscal year 2025 results on Apr 30, 2026 Annonce • Jan 02
An undisclosed buyer signed a contract to acquire an unknown minority stake in Donecle SAS from Tonner Drones S.A. (ENXTPA:ALTD) for €1.2 million. An undisclosed buyer signed a contract to acquire an unknown minority stake in Donecle SAS from Tonner Drones S.A. (ENXTPA:ALTD) for €1.2 million on December 31, 2025. Following the sale, Tonner Drones intends to retain a 5% stake in Donecle. Tonner Drones will receive approximately €1.25 million in the beginning of 2026 from the sale of the shares. New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 89% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue has declined by 89% over the past year. Shareholders have been substantially diluted in the past year (128% increase in shares outstanding). Revenue is less than US$1m (€119k revenue, or US$139k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (€14.7m market cap, or US$17.3m). New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Shareholders have been substantially diluted in the past year (140% increase in shares outstanding). Revenue is less than US$1m (€119k revenue, or US$141k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (€15.4m market cap, or US$18.3m). Annonce • May 15
Tonner Drones S.A., Annual General Meeting, Jun 19, 2025 Tonner Drones S.A., Annual General Meeting, Jun 19, 2025. Location: 11 avenue de l opera, paris France Board Change • Feb 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Director David Cloetingh was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Board Change • Jan 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Director David Cloetingh was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Board Change • Nov 28
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Director David Cloetingh was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Board Change • Aug 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Brad Taylor was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Brad Taylor was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 26
Tonner Drones S.A., Annual General Meeting, Jun 28, 2024 Tonner Drones S.A., Annual General Meeting, Jun 28, 2024. Location: 1 avenue alexandre pascal, cannes France New Risk • Apr 18
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Shares are highly illiquid. Revenue has declined by 22% over the past year. Shareholders have been substantially diluted in the past year (over 204x increase in shares outstanding). Market cap is less than US$10m (€24.2k market cap, or US$25.8k). Annonce • Mar 12
Tonner Drones S.A. has filed a Follow-on Equity Offering in the amount of €4.977279 million. Tonner Drones S.A. has filed a Follow-on Equity Offering in the amount of €4.977279 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 199,091,160
Price\Range: €0.025
Transaction Features: Rights Offering Annonce • Feb 23
Tonner Drones S.A. to Report Fiscal Year 2023 Results on Apr 30, 2024 Tonner Drones S.A. announced that they will report fiscal year 2023 results on Apr 30, 2024 Board Change • Jan 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Loic Poirier was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 22% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 22% over the past year. Shareholders have been substantially diluted in the past year (over 14776x increase in shares outstanding). Market cap is less than US$10m (€425.2k market cap, or US$469.5k). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Board Change • Dec 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Loic Poirier was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Nov 29
Tonner Drones S.A. Announces Resignation of Olivier Chouraqui as Director Tonner Drones announced the end of Olivier Chouraqui's term of office as a director of the company. Mr. Olivier Chouraqui was appointed to the company's Board of Directors alongside Jean-François Ott and Bradley Taylor by the Annual General Meeting of shareholders held on 5 June 2023 as part of the reorganisation of the Tonner Drones group (formerly Delta Drone). Having completed his term of office, Olivier Chouraqui will shortly be replaced by a new director. New Risk • Nov 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (over 7024x increase in shares outstanding). Market cap is less than US$10m (€385.7k market cap, or US$413.6k). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Board Change • Nov 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Loic Poirier was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Sep 21
Delta Drone Announces UK Patent Granted for Recoil Elimination Technology Delta Drone SA announce that on 12 September 2023, the United Kingdom Intellectual Property Office granted a patent for the recoil elimination technology associated with Tonner Drones’ modular drone with firing capabilities for the military sector.1 This technology ensures that a drone remains stable in the air when firing on a target. This UK patent is in addition to the patent already approved for the same technology in Germany in December 2021. Other patents are pending in the United States, Europe, Australia, New Zealand and Canada. Annonce • Aug 05
Delta Drone Moves to Cannes As a part of its continued financial restructuring, Delta Drone announced that on July 31, 2023, it closed its office in Dardilly and has moved its operations to the Tonner Drones facilities in Cannes to reduce costs and increase efficiency. The Dardilly location was no longer suitable for the company’s needs and was subject to a long-term lease that was too expensive. The lease has been terminated pursuant to the terms of an amicable agreement with the landlord. In addition, the company is finalising the associated reorganization of its human resources. This process should be completed by the end of September 2023. Board Change • Jun 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Loic Poirier was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 25
Delta Drone SA announced that it expects to receive €1.5 million in funding from group of investors Delta Drone SA announced a private placement of 600,000 convertible bonds at a price of €2.5 per share for the gross proceeds of €1.5 million on May 24, 2023. The transaction will include participation from group of investors led by individual investor, Diede Van Den Ouden. ? Board Change • Mar 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Loic Poirier was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.