New Risk • May 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 (34% average weekly change). Market cap is less than US$10m (€1.97m market cap, or US$2.29m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Apr 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 20% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (€944.0k market cap, or US$1.11m). Annuncio • May 28
Klarsen, Annual General Meeting, Jun 30, 2025 Klarsen, Annual General Meeting, Jun 30, 2025. Location: 1 cours xavier arnozan, bordeaux France New Risk • Mar 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (€2.52m market cap, or US$2.73m). New Risk • Dec 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€3.94m market cap, or US$4.10m). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.18, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 11x in the Media industry in France. Total loss to shareholders of 49% over the past three years. Reported Earnings • Oct 20
Second quarter 2023 earnings released: EPS: €0.028 (vs €0.025 in 2Q 2022) Second quarter 2023 results: EPS: €0.028 (up from €0.025 in 2Q 2022). Revenue: €463.4k (up 1.3% from 2Q 2022). Net income: €91.6k (up 12% from 2Q 2022). Profit margin: 20% (up from 18% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to €1.16, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 11x in the Media industry in France. Total loss to shareholders of 59% over the past three years. New Risk • Oct 18
New minor risk - Financial position The company has negative equity. Total equity: -€1.0m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€4.33m market cap, or US$4.69m). Minor Risks Negative equity (-€1.0m). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Revenue is less than US$5m (€1.9m revenue, or US$2.1m). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.75, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 14x in the Media industry in France. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.74, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 16x in the Media industry in France. Total returns to shareholders of 26% over the past three years. Annuncio • May 17
Klarsen, Annual General Meeting, Jun 21, 2024 Klarsen, Annual General Meeting, Jun 21, 2024. Location: 1 cours xavier arnozan, bordeaux France New Risk • May 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risk Market cap is less than US$10m (€7.60m market cap, or US$8.21m). Minor Risks Negative equity (-€1.0m). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Revenue is less than US$5m (€1.9m revenue, or US$2.1m). Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €2.27, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 18x in the Media industry in France. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.90, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 18x in the Media industry in France. Total returns to shareholders of 243% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €2.99, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 16x in the Media industry in France. Total returns to shareholders of 281% over the past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.52, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 15x in the Media industry in France. Total returns to shareholders of 186% over the past three years. New Risk • Dec 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$10m (€8.35m market cap, or US$8.98m). Minor Risks Negative equity (-€1.0m). Profit margins are more than 30% lower than last year (21% net profit margin). Revenue is less than US$5m (€1.9m revenue, or US$2.1m). New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.08m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€9.08m market cap, or US$9.56m). Minor Risks Negative equity (-€1.2m). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin). Revenue is less than US$5m (€1.9m revenue, or US$2.0m). Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €2.87, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 13x in the Media industry in France. Total returns to shareholders of 354% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €3.00, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 13x in the Media industry in France. Total returns to shareholders of 310% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €3.13, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 14x in the Media industry in France. Total returns to shareholders of 728% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €2.97, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 14x in the Media industry in France. Total returns to shareholders of 723% over the past three years. Reported Earnings • May 03
Full year 2022 earnings released: EPS: €0.11 (vs €0.49 in FY 2021) Full year 2022 results: EPS: €0.11 (down from €0.49 in FY 2021). Revenue: €1.91m (flat on FY 2021). Net income: €376.7k (down 77% from FY 2021). Profit margin: 20% (down from 84% in FY 2021). Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €2.44, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 15x in the Media industry in France. Total returns to shareholders of 1,319% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.55, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 13x in the Media industry in France. Total returns to shareholders of 1,501% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €2.12, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 14x in the Media industry in France. Total returns to shareholders of 1,177% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €1.88, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 14x in the Media industry in France. Total returns to shareholders of 832% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director Frédéric Bartoli was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 07
First half 2022 earnings released First half 2022 results: Revenue: €871.0k (up 4.4% from 1H 2021). Net income: €163.0k (up 3.8% from 1H 2021). Profit margin: 19% (in line with 1H 2021). Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.25, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 14x in the Media industry in France. Total returns to shareholders of 500% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director Frédéric Bartoli was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 19% share price gain to €2.83, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 14x in the Media industry in France. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 25% share price gain to €2.41, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 14x in the Media industry in France. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.08, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 14x in the Media industry in France. Total returns to shareholders of 121% over the past three years. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improved over the past week After last week's 17% share price gain to €3.20, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 15x in the Media industry in France. Total returns to shareholders of 171% over the past three years. Reported Earnings • Oct 09
First half 2021 earnings released: EPS €0.05 (vs €0.02 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €834.0k (up 15% from 1H 2020). Net income: €157.0k (up 118% from 1H 2020). Profit margin: 19% (up from 9.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 17% share price gain to €2.90, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 12x in the Media industry in France. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 21% share price gain to €2.94, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 15x in the Media industry in France. Total returns to shareholders of 128% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 69% share price gain to €2.68, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 15x in the Media industry in France. Total returns to shareholders of 181% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €1.74, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 17x in the Media industry in France. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.73, the stock trades at a trailing P/E ratio of 56.2x. Average trailing P/E is 18x in the Media industry in France. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 58% share price gain to €2.18, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 18x in the Media industry in France. Total returns to shareholders of 57% over the past three years. Is New 90 Day High Low • Nov 19
New 90-day high: €0.98 The company is up 45% from its price of €0.68 on 20 August 2020. The French market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 27% over the same period. Reported Earnings • Oct 24
First half earnings released Over the last 12 months the company has reported total losses of €181.6k, with losses narrowing by 98% from the prior year. Total revenue was €1.49m over the last 12 months, down 46% from the prior year. Is New 90 Day High Low • Oct 13
New 90-day low: €0.55 The company is down 25% from its price of €0.73 on 15 July 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 10.0% over the same period. 