New Risk • Aug 02
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 5.5% 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 (-€305k free cash flow). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 20x increase in shares outstanding). Market cap is less than US$10m (€865.3k market cap, or US$933.8k). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). New Risk • Jun 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€305k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-€305k free cash flow). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 24x increase in shares outstanding). Market cap is less than US$10m (€993.5k market cap, or US$1.06m). お知らせ • Jun 13
GO internet S.p.A., Annual General Meeting, Jun 28, 2024 GO internet S.p.A., Annual General Meeting, Jun 28, 2024, at 10:00 W. Europe Standard Time. New Risk • Jun 10
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 Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (385% increase in shares outstanding). Market cap is less than US$10m (€171.0k market cap, or US$183.6k). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Reported Earnings • Jun 04
Full year 2023 earnings released Full year 2023 results: Revenue: €10.4m (up 4.8% from FY 2022). Net loss: €4.09m (loss widened 43% from FY 2022). 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (445% increase in shares outstanding). Market cap is less than US$10m (€156.5k market cap, or US$166.3k). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Reported Earnings • Oct 05
First half 2023 earnings released First half 2023 results: Revenue: €4.92m (down 26% from 1H 2022). Net loss: €1.90m (loss widened 310% from 1H 2022). New Risk • Aug 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 69% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Market cap is less than US$10m (€665.4k market cap, or US$731.9k). Reported Earnings • Jun 03
Full year 2022 earnings released Full year 2022 results: Revenue: €9.92m (up 7.6% from FY 2021). Net loss: €2.86m (loss narrowed 11% from FY 2021). Board Change • Nov 16
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. 5 non-independent directors. Independent Director Cesare Veneziani 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 • Sep 30
First half 2022 earnings released: €0.024 loss per share (vs €0.087 loss in 1H 2021) First half 2022 results: €0.024 loss per share (improved from €0.087 loss in 1H 2021). Revenue: €6.68m (up 49% from 1H 2021). Net loss: €464.0k (loss narrowed 73% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Cesare Veneziani 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. Is New 90 Day High Low • Jan 31
New 90-day low: €0.80 The company is down 3.0% from its price of €0.82 on 02 November 2020. The Italian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 6.0% over the same period.