New Risk • Jan 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 Italian stocks, typically moving 5.7% 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 Less than 1 year of cash runway based on free cash flow trend (-€407k free cash flow). Less than 1 year of cash runway based on free cash flow trend (-€407k free cash flow). Earnings have declined by 13% per year over the past 5 years. Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (€2.06m market cap, or US$2.24m). Market cap is less than US$10m (€2.06m market cap, or US$2.24m). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Caterina Dalessandri was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 23
First half 2022 earnings released: EPS: €0 (vs €0.17 loss in 1H 2021) First half 2022 results: EPS: €0. Revenue: €2.60m (down 6.9% from 1H 2021). Net loss: €510.0k (loss widened 18% from 1H 2021). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Caterina Dalessandri was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 17
Full year 2021 earnings released: €0.41 loss per share (vs €0.46 loss in FY 2020) Full year 2021 results: €0.41 loss per share (up from €0.46 loss in FY 2020). Revenue: €5.42m (down 1.2% from FY 2020). Net loss: €1.02m (loss narrowed 10% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 26
First half 2021 earnings released The company reported a soft first half result with weaker revenues and control over costs, although losses reduced. First half 2021 results: Revenue: €2.79m (down 4.3% from 1H 2020). Net loss: €431.0k (loss narrowed 2.1% from 1H 2020). Is New 90 Day High Low • Jan 30
New 90-day low: €1.56 The company is down 11% from its price of €1.75 on 30 October 2020. The Italian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 11% over the same period. Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total losses of €891.7k, with losses widening by 124% from the prior year. Total revenue was €6.23m over the last 12 months, down 21% from the prior year.