Annuncio • Apr 30
AVE S.A., Annual General Meeting, Jun 30, 2026 AVE S.A., Annual General Meeting, Jun 30, 2026. New Risk • Jan 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.5m (US$99.9m) This is considered a minor 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 No financial data reported. Minor Risk Market cap is less than US$100m (€85.5m market cap, or US$99.9m). 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. This is currently the only risk that has been identified for the company. New Risk • Nov 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.7m (US$99.3m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 06
First half 2025 earnings released: EPS: €0.001 (vs €0.023 loss in 1H 2024) First half 2025 results: EPS: €0.001 (up from €0.023 loss in 1H 2024). Revenue: €13.3m (up 14% from 1H 2024). Net income: €193.4k (up €4.05m from 1H 2024). Profit margin: 1.5% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Oct 01
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 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. This is currently the only risk that has been identified for the company. New Risk • Sep 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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. This is currently the only risk that has been identified for the company. New Risk • Jun 17
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 Greek stocks, typically moving 5.9% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (40% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change). Annuncio • Apr 29
AVE S.A., Annual General Meeting, Jun 18, 2025 AVE S.A., Annual General Meeting, Jun 18, 2025. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€77.3m market cap, or US$88.1m). Reported Earnings • Oct 06
First half 2024 earnings released: €0.023 loss per share (vs €0.027 loss in 1H 2023) First half 2024 results: €0.023 loss per share (improved from €0.027 loss in 1H 2023). Revenue: €11.7m (up 45% from 1H 2023). Net loss: €3.86m (loss narrowed 6.3% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • May 02
AVE S.A. to Report Fiscal Year 2023 Results on Apr 30, 2024 AVE S.A. announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Apr 16
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 Risks Negative equity (-€9.3m). Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (€87.9m market cap, or US$93.4m). Annuncio • Mar 01
AVE S.A., Annual General Meeting, Mar 20, 2024 AVE S.A., Annual General Meeting, Mar 20, 2024, at 10:00 E. Europe Standard Time. Location: ETHNIKIS ANTISTASEOS 104 Pallini Greece New Risk • Nov 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€3.0m free cash flow). Negative equity (-€9.3m). Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€78.5m market cap, or US$85.2m). New Risk • Oct 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€9.3m This is considered a major 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€3.0m free cash flow). Negative equity (-€9.3m). Earnings have declined by 1.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€81.0m market cap, or US$85.6m). New Risk • Jul 01
New major risk - Revenue and earnings growth Revenue has declined by 21% 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 Risk Revenue has declined by 21% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (€79.8m market cap, or US$87.0m). Annuncio • Jun 01
AVE S.A., Annual General Meeting, Jun 30, 2023 AVE S.A., Annual General Meeting, Jun 30, 2023, at 09:30 E. Europe Standard Time. 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 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 • Sep 29
First half 2022 earnings released: €0.011 loss per share (vs €0.022 loss in 1H 2021) First half 2022 results: €0.011 loss per share (improved from €0.022 loss in 1H 2021). Revenue: €64.9m (down 17% from 1H 2021). Net loss: €1.70m (loss narrowed 45% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 01
AVE S.A., Annual General Meeting, Jul 20, 2022 AVE S.A., Annual General Meeting, Jul 20, 2022, at 09:00 E. Europe Standard Time. Reported Earnings • May 05
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: €0.05 loss per share (down from €0.035 profit in FY 2020). Revenue: €142.9m (flat on FY 2020). Net loss: €6.74m (down 253% from profit in FY 2020). Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 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. Annuncio • Mar 05
AVE S.A., Annual General Meeting, Mar 26, 2021 AVE S.A., Annual General Meeting, Mar 26, 2021, at 15:00 E. Europe Standard Time. Location: PARNONOS 3 Marousi Greece Is New 90 Day High Low • Dec 28
New 90-day high: €0.29 The company is up 24% from its price of €0.23 on 29 September 2020. The Greek market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: €0.26 The company is up 36% from its price of €0.19 on 18 August 2020. The Greek market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 7.0% over the same period. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total losses of €6.12m, with losses widening by 22% from the prior year. Total revenue was €143.8m over the last 12 months, up 259% from the prior year. Is New 90 Day High Low • Sep 19
New 90-day high: €0.24 The company is up 5.0% from its price of €0.23 on 19 June 2020. The Greek market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 9.0% over the same period. Annuncio • Aug 04
AVE S.A. announced that it expects to receive €6.5 million in funding AVE S.A. (ATSE:AVE) announced a private placement of 6,500,000 common shares at an issue price of €1 per share for gross proceeds of €6,500,000 on July 31, 2020. The nominal value of shares is €0.04 per share.