Reported Earnings • Jun 16
Full year 2023 earnings released Full year 2023 results: Net income: €21.3m (up €31.0m from FY 2022). New Risk • Apr 17
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 Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Negative equity (-€22m). Market cap is less than US$10m (€2.28m market cap, or US$2.42m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Revenue is less than US$5m (€4.1m revenue, or US$4.4m). Reported Earnings • Oct 05
First half 2023 earnings released: EPS: €0.85 (vs €0.51 loss in 1H 2022) First half 2023 results: EPS: €0.85 (up from €0.51 loss in 1H 2022). Net income: €12.5m (up €19.9m from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. New Risk • Aug 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.82m (US$9.59m) 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€4.1m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€35m). Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (€8.82m market cap, or US$9.59m). Minor Risk Revenue is less than US$5m (€1.9m revenue, or US$2.1m). Reported Earnings • Jul 01
Full year 2022 earnings released Full year 2022 results: Revenue: €1.94m (down 47% from FY 2021). Net loss: €9.65m (loss narrowed 54% from FY 2021). New Risk • Jun 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.60m (US$9.34m) 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 Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-€26m). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€8.60m market cap, or US$9.34m). Minor Risk Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). 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. 7 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Gianluca Ferrero was the last independent director to join the board, commencing their role in 2019. 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 • Jul 22
Full year 2021 earnings released: €1.43 loss per share (vs €0.28 loss in FY 2020) Full year 2021 results: €1.43 loss per share (down from €0.28 loss in FY 2020). Revenue: €3.69m (down 49% from FY 2020). Net loss: €21.0m (loss widened €18.2m from FY 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Board Change • Jul 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Gianluca Ferrero was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 20
Full year 2021 earnings released Full year 2021 results: Revenue: €11.5m (up 58% from FY 2020). Net loss: €24.1m (loss widened €21.3m from FY 2020). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Gianluca Ferrero was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 06
First half 2021 earnings released: €0.051 loss per share (vs €0.10 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €9.08m (up 272% from 1H 2020). Net loss: €750.0k (loss narrowed 63% from 1H 2020). Reported Earnings • Apr 09
Full year 2020 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €11.3m (up 80% from FY 2019). Net loss: €2.81m (loss narrowed 80% from FY 2019). Is New 90 Day High Low • Feb 12
New 90-day high: €1.99 The company is up 7.0% from its price of €1.86 on 13 November 2020. The Italian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 04
New 90-day low: €1.74 The company is down 18% from its price of €2.11 on 06 October 2020. The Italian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 33% over the same period. お知らせ • Dec 13
Italia Independent Group S.p.A. (BIT:IIG) acquired I Spirit from Fantinelli Terenzio Srl. Italia Independent Group S.p.A. (BIT:IIG) acquired I Spirit from Fantinelli Terenzio Srl on December 11, 2020.
Italia Independent Group S.p.A. (BIT:IIG) completed the acquisition of I Spirit from Fantinelli Terenzio Srl on December 11, 2020. Is New 90 Day High Low • Oct 22
New 90-day low: €1.96 The company is down 2.0% from its price of €2.00 on 24 July 2020. The Italian market is down 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 7.0% over the same period. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total losses of €4.17m, with losses narrowing by 79% from the prior year. Total revenue was €4.56m over the last 12 months, down 46% from the prior year.