New Risk • Apr 28
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 6.7% 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 High level of non-cash earnings (54% accrual ratio). Market cap is less than US$10m (€4.73m market cap, or US$5.54m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). New Risk • Apr 14
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 High level of non-cash earnings (54% accrual ratio). Market cap is less than US$10m (€3.85m market cap, or US$4.55m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (2.4% net profit margin). 공지 • Mar 28
Cloudia Research S.p.A. to Report Fiscal Year 2025 Final Results between May 20, 2026 and May 30, 2026 Cloudia Research S.p.A. announced that they will report fiscal year 2025 final results on between May 20, 2026 and May 30, 2026 New Risk • Jan 05
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 6.8% 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 (6.8% average weekly change). High level of non-cash earnings (54% accrual ratio). Market cap is less than US$10m (€5.21m market cap, or US$6.10m). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin). New Risk • Nov 26
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 6.6% 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 High level of non-cash earnings (54% accrual ratio). Market cap is less than US$10m (€5.16m market cap, or US$5.98m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). New Risk • Sep 30
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: 2.4% Last year net profit margin: 9.5% 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 High level of non-cash earnings (54% accrual ratio). Market cap is less than US$10m (€8.45m market cap, or US$9.92m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.86, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the IT industry in Italy. Total loss to shareholders of 35% over the past year. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.85, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the IT industry in Italy. Total loss to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.55, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the IT industry in Italy. Total loss to shareholders of 53% over the past year. New Risk • Jun 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 59% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (59% accrual ratio). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€9.10m market cap, or US$10.3m). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.67, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the IT industry in Italy. Total loss to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.47, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the IT industry in Italy. Total loss to shareholders of 67% over the past year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.19, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 15x in the IT industry in Italy. Total loss to shareholders of 74% over the past year. Reported Earnings • Apr 02
Full year 2024 earnings released Full year 2024 results: Revenue: €8.85m (up 27% from FY 2023). Net income: €561.8k (down 13% from FY 2023). Profit margin: 6.3% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Italy. 공지 • Mar 27
Cloudia Research S.p.A. to Report First Half, 2025 Results on Sep 26, 2025 Cloudia Research S.p.A. announced that they will report first half, 2025 results on Sep 26, 2025 공지 • Mar 26
Cloudia Research S.p.A. to Report Fiscal Year 2024 Results on Mar 28, 2025 Cloudia Research S.p.A. announced that they will report fiscal year 2024 results on Mar 28, 2025 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €1.75, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the IT industry in Italy. Total loss to shareholders of 66% over the past year. New Risk • Dec 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 7.8% 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 (7.8% average weekly change). High level of non-cash earnings (57% accrual ratio). Market cap is less than US$10m (€7.13m market cap, or US$7.42m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.64, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the IT industry in Italy. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.71, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the IT industry in Italy. New Risk • Nov 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.36m (US$9.97m) 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 High level of non-cash earnings (57% accrual ratio). Market cap is less than US$10m (€9.36m market cap, or US$9.97m). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €2.02, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the IT industry in Italy. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €2.26, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the IT industry in Italy. Reported Earnings • Oct 02
First half 2024 earnings released First half 2024 results: EPS: €0.077. Revenue: €4.22m (up 28% from 1H 2023). Net income: €332.4k (up 45% from 1H 2023). Profit margin: 7.9% (up from 7.0% in 1H 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the IT industry in Italy. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.46, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the IT industry in Italy. New Risk • May 28
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 8.0% 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 (8.0% average weekly change). High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (€14.3m market cap, or US$15.5m).