New Risk • Aug 04
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: €3.6m (US$4.1m) This is considered a minor risk. Companies with a small amount of revenue 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 (-€8.1m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 86% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (€3.6m revenue, or US$4.1m). Market cap is less than US$100m (€28.4m market cap, or US$32.7m). Reported Earnings • Aug 04
Full year 2026 earnings released: €0.078 loss per share (vs €0.03 loss in FY 2025) Full year 2026 results: €0.078 loss per share (further deteriorated from €0.03 loss in FY 2025). Revenue: €3.59m (down 31% from FY 2025). Net loss: €21.7m (loss widened 183% from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 04
First half 2026 earnings released: €0.042 loss per share (vs €0.007 loss in 1H 2025) First half 2026 results: €0.042 loss per share (further deteriorated from €0.007 loss in 1H 2025). Revenue: €2.52m (up 16% from 1H 2025). Net loss: €11.4m (loss widened €9.65m from 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 02
Immutable and Crypto Blockchain Industries Launch Emoji Marble Dash Public Demo on Epic, with Quests Live on Immutable Play Immutable and CryptoBlockchain Industries (CBI) announced that the emoji Marble Dash playable demo is now live on PC via the Epic Games Store. Players can jump in for their first hands-on experience with the game's competitive, physics-driven marble racing, while Immutable quests on Immutable Play let the community earn exclusive rewards. The emoji Marble Dash demo introduces the game's racing mechanics and competitive multiplayer focus, giving players an opportunity to test their skills ahead of full launch. A skill-forward racing loop built on physics and momentum emoji Marble Dash is built around fast, momentum-driven races where emoji characters speed across themed tracks atop rolling marbles. Each run rewards control, timing, and smart navigation, creating a competitive experience that is easy to pick up and challenging to master. Players can also experiment with ability cards that: Boost speed; Increase damage; Enhance resistance. Together, these add a tactical layer to each race and reinforce the game's multiplayer competition. With Immutable Play integration, new Immutable quests linked to the demo are now active. Players can complete a set of simple tasks to earn exclusive early rewards, enabling participation beyond the core game experience. New Risk • Sep 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €84.6m (US$99.4m) 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 (31% average weekly change). Earnings have declined by 60% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€84.6m market cap, or US$99.4m). Aankondiging • Aug 25
Crypto Blockchain Industries, Annual General Meeting, Sep 26, 2025 Crypto Blockchain Industries, Annual General Meeting, Sep 26, 2025. Location: 12 rue des arcades, paris France Reported Earnings • Aug 03
Full year 2025 earnings released: €0.03 loss per share (vs €0.002 loss in FY 2024) Full year 2025 results: €0.03 loss per share (further deteriorated from €0.002 loss in FY 2024). Revenue: €5.21m (up 28% from FY 2024). Net loss: €7.66m (loss widened €7.19m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 28
First half 2025 earnings released: €0.007 loss per share (vs €0.003 loss in 1H 2024) First half 2025 results: €0.007 loss per share (further deteriorated from €0.003 loss in 1H 2024). Revenue: €2.18m (down 7.2% from 1H 2024). Net loss: €1.74m (loss widened 133% from 1H 2024). New Risk • Dec 27
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Revenue is less than US$5m (€3.9m revenue, or US$4.1m). Market cap is less than US$100m (€43.7m market cap, or US$45.6m). New Risk • Oct 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor 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 Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Revenue is less than US$5m (€4.1m revenue, or US$4.4m). Market cap is less than US$100m (€55.1m market cap, or US$59.6m). New Risk • Oct 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.6x 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 (0.6x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Revenue is less than US$5m (€4.1m revenue, or US$4.4m). Market cap is less than US$100m (€56.9m market cap, or US$61.7m). New Risk • Sep 30
New major risk - Revenue and earnings growth Revenue has declined by 16% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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). Revenue has declined by 16% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (23% net profit margin). Market cap is less than US$100m (€64.2m market cap, or US$71.6m). Aankondiging • Aug 15
Crypto Blockchain Industries, Annual General Meeting, Sep 26, 2024 Crypto Blockchain Industries, Annual General Meeting, Sep 26, 2024. Location: 12 rue des arcades, paris France New Risk • Jul 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (23% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (€75.3m market cap, or US$81.5m). Aankondiging • Jun 09
COLOPL, Inc. (TSE:3668) acquired 12.50% stake in Crypto Blockchain Industries (ENXTPA:ALCBI) for €12.5 million. COLOPL, Inc. (TSE:3668) acquired 12.50% stake in Crypto Blockchain Industries (ENXTPA:ALCBI) for €12.5 million on June 7, 2024. A cash consideration of €12.5 million valued at €0.34865 per share will be paid by COLOPL, Inc. As part of consideration, €12.5 million is paid towards common equity of Crypto Blockchain Industries.COLOPL, Inc. (TSE:3668) completed the acquisition of 12.50% stake in Crypto Blockchain Industries (ENXTPA:ALCBI) on June 7, 2024. New Risk • May 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €89.3m (US$95.9m) 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 Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (23% net profit margin). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (€89.3m market cap, or US$95.9m). Buy Or Sell Opportunity • Mar 06
Now 20% undervalued Over the last 90 days, the stock has risen 23% to €0.56. The fair value is estimated to be €0.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 47%. New Risk • Jan 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €89.7m (US$97.7m) 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 Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (23% net profit margin). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (€89.7m market cap, or US$97.7m). New Risk • Dec 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (24% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). New Risk • Jul 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (24% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Aankondiging • Jun 30
Crypto Blockchain Industries Announces First NFT Collection of Football at AlphaVerse Crypto Blockchain Industries (CBI), announced its highly anticipated first NFT collection of Football at AlphaVerse will launch on Binance NFT marketplace during the summer of 2023. The Football at AlphaVerse 3D digital world will create and launch exclusive collections of NFTs capturing the essence of the experience, providing users with a gateway to unforgettable football memories. Each NFT will offer real-life perks such as jerseys and game tickets, as well as distinct benefits and utility within the AlphaVerse ecosystem, granting access to exclusive events, virtual stadiums, player interactions, and much more. This integration of NFTs and the world of football will revolutionize fan engagement, immersing suppliers in an unprecedented digital realm. The launch of this NFT collection is a significant milestone, offering fans and collectors a unique opportunity to engage with their favorite football-themed digital assets. As part of this launch, CBI plans to launch and list the first series of FAV NFTs on the Binance NFT marketplace during The initial release will feature a limited edition of 3,000 NFTs, each priced at $50 USD. This exclusive collection will captivate football enthusiasts, enabling them to own a part of their favorite clubs' histories through seats in digital stadiums that will offer many different perks. Furthermore, each individual purchaser will receive an exclusive gift through an airdrop at a later date. The launch of FAV NFT's on Binance NFT marketplace will further enhance the global football community's experience, enabling fans to connect and participate in a vibrant digital marketplace. Reported Earnings • Jun 23
Full year 2023 earnings released Full year 2023 results: Revenue: €5.30m (up 24% from FY 2022). Net income: €1.27m (down 67% from FY 2022). Profit margin: 24% (down from 89% in FY 2022). The decrease in margin was driven by higher expenses. Buying Opportunity • Nov 17
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 59%. The fair value is estimated to be €0.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 75% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 17% share price gain to €1.25, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 35x in the Software industry in France. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.06, the stock trades at a trailing P/E ratio of 67.6x. Average trailing P/E is 35x in the Software industry in France. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 
