Reported Earnings • Jun 22
Full year 2025 earnings released Full year 2025 results: Revenue: €11.6m (up 3.2% from FY 2024). Net loss: €17.0k (down 127% from profit in FY 2024). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Interactive Media and Services industry in Europe. 공시 • Jun 18
Adventure S.p.A., Annual General Meeting, Jun 30, 2026 Adventure S.p.A., Annual General Meeting, Jun 30, 2026, at 10:00 W. Europe Standard Time. Price Target Changed • Jun 15
Price target decreased by 7.7% to €12.00 Down from €13.00, the current price target is provided by 1 analyst. New target price is 40% below last closing price of €20.00. Stock is up 18% over the past year. The company posted earnings per share of €0.009 last year. 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 2025. 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 Interest payments are not well covered by earnings (0.06x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Oct 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.06x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.06x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Buy Or Sell Opportunity • Sep 29
Now 27% overvalued Over the last 90 days, the stock has fallen 31% to €12.80. The fair value is estimated to be €10.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Earnings per share has declined by 100%. New Risk • Sep 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €71.7m (US$84.6m) 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (138% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (€71.7m market cap, or US$84.6m). New Risk • Aug 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). High level of non-cash earnings (138% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.6% net profit margin). New Risk • May 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. 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). Share price has been highly volatile over the past 3 months (9.7% average weekly change). High level of non-cash earnings (124% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.6% net profit margin). New Risk • May 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). High level of non-cash earnings (281% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.6% net profit margin). 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 Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.9% average weekly change). High level of non-cash earnings (148% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Oct 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (18% average weekly change). High level of non-cash earnings (148% accrual ratio). Minor Risk Less than 3 years of financial data is available. Reported Earnings • Oct 01
First half 2024 earnings released First half 2024 results: Net income: €473.4k (up €473.4k from 1H 2023). 공시 • Aug 08
Adventure Srl has completed an IPO in the amount of €7 million. Adventure Srl has completed an IPO in the amount of €7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,500,000
Price\Range: €2
Transaction Features: Direct Listing