Reported Earnings • Mar 24
Full year 2025 earnings released Full year 2025 results: Revenue: €200.6m (up 8.8% from FY 2024). Net loss: €2.69m (loss narrowed 87% from FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €2.42. The fair value is estimated to be €3.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.7% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to €2.70. The fair value is estimated to be €3.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 10
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €49.7m (up 14% from 3Q 2024). Net income: €1.54m (up €6.46m from 3Q 2024). Profit margin: 3.1% (up from net loss in 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Tech industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 21
Price target increased by 10% to €3.63 Up from €3.29, the current price target is an average from 5 analysts. New target price is 5.1% above last closing price of €3.46. Stock is up 108% over the past year. The company is forecast to post earnings per share of €0.031 next year compared to a net loss per share of €0.16 last year. Buy Or Sell Opportunity • Oct 02
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to €3.43. The fair value is estimated to be €2.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Sep 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to €3.19. The fair value is estimated to be €2.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Sep 14
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €52.2m (up 7.0% from 2Q 2024). Net income: €2.36m (up €7.61m from 2Q 2024). Profit margin: 4.5% (up from net loss in 2Q 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Tech industry in Italy. Price Target Changed • Sep 04
Price target increased by 12% to €3.07 Up from €2.75, the current price target is an average from 3 analysts. New target price is 10% above last closing price of €2.78. Stock is up 12% over the past year. The company is forecast to post earnings per share of €0.051 next year compared to a net loss per share of €0.16 last year. Buy Or Sell Opportunity • Aug 19
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €2.53. The fair value is estimated to be €2.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 29
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to €2.51. The fair value is estimated to be €2.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 09
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to €2.59. The fair value is estimated to be €2.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 14
First quarter 2025 earnings released First quarter 2025 results: €0.015 loss per share. Revenue: €48.2m (up 1.5% from 1Q 2024). Net loss: €2.02m (down €2.12m from profit in 1Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Tech industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 02
Full year 2024 earnings released: €0.16 loss per share (vs €0.092 profit in FY 2023) Full year 2024 results: €0.16 loss per share (down from €0.092 profit in FY 2023). Revenue: €184.4m (down 12% from FY 2023). Net loss: €21.0m (down 277% from profit in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Tech industry in Italy. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 21
Now 22% undervalued Over the last 90 days, the stock has risen 13% to €1.99. The fair value is estimated to be €2.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Mar 18
Price target increased by 13% to €2.67 Up from €2.37, the current price target is an average from 3 analysts. New target price is 29% above last closing price of €2.06. Stock is down 39% over the past year. The company is forecast to post a net loss per share of €0.045 compared to earnings per share of €0.092 last year. New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Nov 20
Price target decreased by 7.8% to €2.37 Down from €2.57, the current price target is an average from 3 analysts. New target price is 46% above last closing price of €1.62. Stock is down 49% over the past year. The company is forecast to post earnings per share of €0 for next year compared to €0.092 last year. Reported Earnings • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €45.4m (down 7.6% from 3Q 2023). Net loss: €4.92m (down 440% from profit in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Tech industry in Italy. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Annonce • Sep 14
Seco S.p.A. to Report First Half, 2024 Results on Sep 12, 2024 Seco S.p.A. announced that they will report first half, 2024 results on Sep 12, 2024 Reported Earnings • Sep 13
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €49.6m (down 15% from 2Q 2023). Net loss: €5.25m (down 193% from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Tech industry in Italy. New Risk • Sep 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Aug 01
Price target decreased by 9.2% to €4.39 Down from €4.83, the current price target is an average from 4 analysts. New target price is 69% above last closing price of €2.59. Stock is down 42% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.092 last year. Price Target Changed • Jul 18
Price target decreased by 8.4% to €4.71 Down from €5.14, the current price target is an average from 5 analysts. New target price is 66% above last closing price of €2.84. Stock is down 39% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.092 last year. Major Estimate Revision • May 26
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €238.0m to €227.6m. EPS estimate also fell from €0.152 per share to €0.12 per share. Net income forecast to grow 64% next year vs 51% growth forecast for Tech industry in Italy. Consensus price target down from €5.14 to €4.83. Share price was steady at €3.24 over the past week. Major Estimate Revision • May 20
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €238.0m to €229.0m. EPS estimate also fell from €0.152 per share to €0.134 per share. Net income forecast to grow 76% next year vs 51% growth forecast for Tech industry in Italy. Consensus price target broadly unchanged at €5.05. Share price was steady at €3.30 over the past week. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: €0.001 (vs €0.022 in 1Q 2023) First quarter 2024 results: EPS: €0.001 (down from €0.022 in 1Q 2023). Revenue: €48.4m (down 12% from 1Q 2023). Net income: €93.0k (down 96% from 1Q 2023). Profit margin: 0.2% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Tech industry in Italy. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: €0.09 (vs €0.097 in FY 2022) Full year 2023 results: EPS: €0.09. Revenue: €212.0m (up 4.7% from FY 2022). Net income: €11.9m (up 7.5% from FY 2022). Profit margin: 5.6% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Tech industry in Italy. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €3.73, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Tech industry in Europe. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.80 per share. Price Target Changed • Nov 22
Price target decreased by 15% to €6.30 Down from €7.45, the current price target is an average from 4 analysts. New target price is 98% above last closing price of €3.18. Stock is down 47% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.097 last year. Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €238.3m to €228.0m. EPS estimate also fell from €0.147 per share to €0.13 per share. Net income forecast to grow 137% next year vs 112% growth forecast for Tech industry in Italy. Consensus price target of €7.35 unchanged from last update. Share price fell 4.1% to €3.35 over the past week. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €3.62, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Tech industry in Europe. Total loss to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.05 per share. New Risk • Oct 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €3.33, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Tech industry in Europe. Total loss to shareholders of 32% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.08 per share. Reported Earnings • Sep 13
Second quarter 2023 earnings released Second quarter 2023 results: EPS: €0.048. Revenue: €59.1m (up 14% from 2Q 2022). Net income: €5.65m (up 76% from 2Q 2022). Profit margin: 9.6% (up from 6.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Tech industry in Italy. Price Target Changed • Sep 05
Price target decreased by 7.2% to €7.45 Down from €8.03, the current price target is an average from 4 analysts. New target price is 67% above last closing price of €4.45. Stock is down 6.2% over the past year. The company is forecast to post earnings per share of €0.16 for next year compared to €0.097 last year. Annonce • Sep 01
Seco S.p.A. to Report First Half, 2023 Results on Sep 12, 2023 Seco S.p.A. announced that they will report first half, 2023 results on Sep 12, 2023 Price Target Changed • Jul 11
Price target decreased by 9.3% to €7.53 Down from €8.30, the current price target is an average from 4 analysts. New target price is 59% above last closing price of €4.72. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.16 for next year compared to €0.097 last year. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: €0.022 (vs €0.014 in 1Q 2022) First quarter 2023 results: EPS: €0.022 (up from €0.014 in 1Q 2022). Revenue: €55.7m (up 29% from 1Q 2022). Net income: €2.56m (up 72% from 1Q 2022). Profit margin: 4.6% (up from 3.5% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Tech industry in Europe. Major Estimate Revision • May 09
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.204 to €0.163. Revenue forecast unchanged from €250.0m at last update. Net income forecast to grow 99% next year vs 21% growth forecast for Tech industry in Italy. Consensus price target broadly unchanged at €8.33. Share price fell 5.5% to €4.44 over the past week. Reported Earnings • Mar 31
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: €0.10 (up from €0.057 in FY 2021). Revenue: €205.3m (up 81% from FY 2021). Net income: €11.0m (up 166% from FY 2021). Profit margin: 5.4% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Tech industry in Europe. Reported Earnings • Nov 16
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €53.4m (up 109% from 3Q 2021). Net income: €4.20m (up 327% from 3Q 2021). Profit margin: 7.9% (up from 3.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Tech industry in Europe. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €7.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 107% over the last year. Earnings per share has declined by 99%. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 495% in the next 2 years. Major Estimate Revision • Sep 24
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €202.5m to €197.9m. EPS estimate also fell from €0.14 per share to €0.12 per share. Net income forecast to grow 285% next year vs 4.5% growth forecast for Tech industry in Italy. Consensus price target of €9.00 unchanged from last update. Share price fell 6.0% to €4.04 over the past week. Reported Earnings • Sep 15
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €51.8m (up 131% from 2Q 2021). Net income: €3.21m (up 250% from 2Q 2021). Profit margin: 6.2% (up from 4.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Tech industry in Europe. Price Target Changed • Sep 06
Price target decreased to €9.00 Down from €9.80, the current price target is an average from 3 analysts. New target price is 90% above last closing price of €4.74. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.057 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 05
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €0.057. Revenue: €113.7m (up 48% from FY 2020). Net income: €4.15m (up 2.7% from FY 2020). Profit margin: 3.7% (down from 5.3% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Over the next year, revenue is forecast to grow 69%, compared to a 1.9% growth forecast for the industry in Italy.