Board Change • May 20
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. 3 experienced directors. 2 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Joseph Brigneaud was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. お知らせ • May 01
Spineway SA to Report First Half, 2026 Results on Jul 30, 2026 Spineway SA announced that they will report first half, 2026 results on Jul 30, 2026 お知らせ • Mar 09
Spineway SA, Annual General Meeting, Apr 02, 2026 Spineway SA, Annual General Meeting, Apr 02, 2026. Location: 7 allee du moulin berger, batiment 7, ecully France お知らせ • Jan 14
Spineway SA to Report Fiscal Year 2025 Results on Feb 17, 2026 Spineway SA announced that they will report fiscal year 2025 results on Feb 17, 2026 Board Change • Dec 30
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. 3 experienced directors. 2 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Joseph Brigneaud was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. お知らせ • May 02
Spineway SA, Annual General Meeting, Jun 04, 2025 Spineway SA, Annual General Meeting, Jun 04, 2025. Location: 7 allee du moulin berger, batiment 7, ecully France お知らせ • Jan 23
Spineway SA to Report Fiscal Year 2024 Results on Mar 24, 2025 Spineway SA announced that they will report fiscal year 2024 results on Mar 24, 2025 New Risk • Oct 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Share price has been highly volatile over the past 3 months (33% average weekly change). Market cap is less than US$10m (€132.6k market cap, or US$143.1k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€300k net loss in 2 years). お知らせ • Jul 25
Spineway SA to Report First Half, 2024 Results on Sep 24, 2024 Spineway SA announced that they will report first half, 2024 results on Sep 24, 2024 お知らせ • Feb 09
Spineway SA, Annual General Meeting, Mar 25, 2024 Spineway SA, Annual General Meeting, Mar 25, 2024. Reported Earnings • Feb 09
Full year 2023 earnings released Full year 2023 results: Revenue: €10.5m (up 23% from FY 2022). Net loss: €6.51m (loss widened 108% from FY 2022). お知らせ • Jan 26
Spineway SA to Report Q4, 2023 Results on Feb 07, 2024 Spineway SA announced that they will report Q4, 2023 results on Feb 07, 2024 お知らせ • Nov 08
Spineway Sa Announces the Appointment of Sandrine Carle as Deputy Chief Executive Officer The Spineway Group announced the appointment of Sandrine Carle as Deputy Chief Executive Officer. Ms. Carle joined Spineway in July 2022, at the time of the acquisition of Spine Innovations, where she was CEO. She was instrumental in the successful integration of Spine Innovations into the Spineway Group. After earning a degree as a biomedical engineer (UT Compiègne) and an Executive MBA at HEC in Paris, Sandrine Carle worked for over 20 years in the orthopedic surgery sector, and more specifically in the spinal surgery sector at Medtronic (Europe), Kyphon (USA) and Vexim (France). She held marketing and management positions in France and the USA before being appointed CEO of Spine Innovations in 2020. Ms. Carle led the creation of this entity following a spin-off in 2020 and the development of this activity between 2020 and 2022. She led the recruitment and management of around fifteen employees, set up the functional and operational organization of the team and also obtained the company’s certification from the notified body, G-MED (France). Working alongside Stéphane Le Roux, CEO of Spineway, Sandrine Carle is responsible for conducting the Group’s overall roadmap, in particular the business development plan aimed at returning to operating breakeven, as well as all R&D projects (short, medium and long term). お知らせ • Oct 20
Spineway Group Obtains 510(K) Clearance from the US Food and Drug Administration for its VEOS Spinal Fixation System Spineway Group announced the recent 510(k) clearance from the US Food and Drug Administration (FDA) for its VEOS Spinal Fixation System. This clearance, which allows Spineway Group to market its VEOS system in the US, represents a significant achievement for the Group and reinforces its strategic approach to develop its business in the US market. This recognition also demonstrates the Group's commitment to provide innovative solutions to surgeons and to put the well-being of patients first. This innovative medical device is presented at the North American Spine Society (NASS) Congress in Los Angeles until 21 October 2023. The VEOS Spinal Fixations System is a complete platform that offers an innovative and versatile solution tailored to surgeons' needs. The VEOS platform is easy to use, fully modular and optimizes operational excellence in operating room. This new offering enables surgeons to perform open, minimally invasive and percutaneous surgery (MIS) for the treatment of a wide range of spinal pathologies, from degenerative spine to complex surgery and deformities. Reported Earnings • Sep 21
First half 2023 earnings released First half 2023 results: Revenue: €5.43m (up 51% from 1H 2022). Net loss: €1.89m (loss widened 136% from 1H 2022). New Risk • Aug 23
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 Less than 1 year of cash runway based on free cash flow trend (-€14m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 0.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Market cap is less than US$10m (€575.5k market cap, or US$625.1k). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Jul 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 8x increase in shares outstanding. This is considered a major 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 (-€14m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Market cap is less than US$10m (€987.0k market cap, or US$1.09m). Breakeven Date Change • Apr 09
Forecast to breakeven in 2023 The analyst covering Spineway expects the company to break even for the first time. New forecast suggests the company will make a profit of €300.0k in 2023. Earnings growth of 139% is required to achieve expected profit on schedule. Reported Earnings • Feb 14
Full year 2022 earnings released Full year 2022 results: Revenue: €7.43m (up 48% from FY 2021). Net loss: €3.14m (loss widened 98% from FY 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Medical Equipment industry in Germany. お知らせ • Feb 02
Spineway SA to Report First Half, 2023 Results on Sep 19, 2023 Spineway SA announced that they will report first half, 2023 results on Sep 19, 2023 お知らせ • Jan 25
Spineway SA to Report Fiscal Year 2022 Results on Feb 09, 2023 Spineway SA announced that they will report fiscal year 2022 results After-Market on Feb 09, 2023 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Joseph Brigneaud was the last independent director to join the board, commencing their role in 2017. 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 10
First half 2022 earnings released First half 2022 results: Revenue: €3.11m (up 27% from 1H 2021). Net loss: €803.0k (loss widened 30% from 1H 2021). 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. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Joseph Brigneaud was the last independent director to join the board, commencing their role in 2017. 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 • Feb 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: €0 (up from €0.005 loss in FY 2020). Revenue: €5.04m (up 12% from FY 2020). Net loss: €1.58m (loss narrowed 89% from FY 2020). Revenue missed analyst estimates by 39%. Earnings per share (EPS) were in line with analyst estimates. Breakeven Date Change • Jul 27
Forecast to breakeven in 2023 The analyst covering Spineway Société Anonyme expects the company to break even for the first time. New forecast suggests the company will make a profit of €2.10m in 2023. Average annual earnings growth of 88% is required to achieve expected profit on schedule. 
