Reported Earnings • May 21
Full year 2025 earnings released Full year 2025 results: Revenue: €4.94m (down 45% from FY 2024). Net loss: €2.00m (down €2.16m from profit in FY 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the Capital Markets industry in Italy. Aankondiging • May 15
Finanza.tech S.p.A., Annual General Meeting, May 29, 2026 Finanza.tech S.p.A., Annual General Meeting, May 29, 2026, at 08:30 W. Europe Standard Time. 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 Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (€3.65m market cap, or US$4.30m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Buy Or Sell Opportunity • Jan 08
Now 23% undervalued Over the last 90 days, the stock has risen 16% to €0.37. The fair value is estimated to be €0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Oct 03
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to €0.30. The fair value is estimated to be €0.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Aug 13
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 7.7% 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 (7.7% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (€4.49m market cap, or US$5.26m). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Jun 03
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 8.1% 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 Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (€6.80m market cap, or US$7.78m). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Apr 14
Full year 2024 earnings released Full year 2024 results: Revenue: €9.13m (down 19% from FY 2023). Net income: €156.6k (down 75% from FY 2023). Profit margin: 1.7% (down from 5.6% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 3.9% decline forecast for the Capital Markets industry in Italy. Aankondiging • Apr 10
Finanza.tech S.p.A., Annual General Meeting, Apr 24, 2025 Finanza.tech S.p.A., Annual General Meeting, Apr 24, 2025, at 07:30 W. Europe Standard Time. New Risk • Dec 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.49m (US$9.84m) 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 Earnings have declined by 1.4% per year over the past 5 years. Market cap is less than US$10m (€9.49m market cap, or US$9.84m). New Risk • Nov 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.39m (US$9.91m) 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 Earnings have declined by 1.4% per year over the past 5 years. Market cap is less than US$10m (€9.39m market cap, or US$9.91m). New Risk • Sep 20
New major risk - Revenue and earnings growth Earnings have declined by 1.2% 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 (7.0% average weekly change). Earnings have declined by 1.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€10.6m market cap, or US$11.9m). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.05, the stock trades at a trailing P/E ratio of 22.5x. Average forward P/E is 11x in the Capital Markets industry in Italy. Total returns to shareholders of 43% over the past year. Price Target Changed • Mar 22
Price target decreased by 21% to €2.30 Down from €2.90, the current price target is provided by 1 analyst. New target price is 183% above last closing price of €0.81. Stock is down 24% over the past year. Reported Earnings • Mar 20
Full year 2023 earnings released Full year 2023 results: Revenue: €11.3m (up 154% from FY 2022). Net income: €622.3k (up €519.2k from FY 2022). Profit margin: 5.5% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Capital Markets industry in Italy. New Risk • Oct 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.39m (US$9.88m) 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 Share price has been highly volatile over the past 3 months (7.2% average weekly change). High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (€9.39m market cap, or US$9.88m). Minor Risk Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Sep 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% 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 (8.7% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Market cap is less than US$100m (€10.2m market cap, or US$10.9m). Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.08, the stock trades at a trailing P/E ratio of 36.2x. Average forward P/E is 10x in the Capital Markets industry in Italy. Total loss to shareholders of 16% over the past year. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to €1.07, the stock trades at a trailing P/E ratio of 36x. Average forward P/E is 10x in the Capital Markets industry in Italy. Total loss to shareholders of 2.4% over the past year. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Chairman of the Board Stefano Tana is the most experienced director on the board, commencing their role in 2022. Independent Director Raffaele DArienzo was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 04
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €2.67m (up 75% from 1H 2021). Net income: €330.6k (down 21% from 1H 2021). Profit margin: 12% (down from 28% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Capital Markets industry in Italy. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 17% share price gain to €1.28, the stock trades at a trailing P/E ratio of 22.7x. Average forward P/E is 11x in the Capital Markets industry in Italy. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Member of the Board of Statutory Auditor Anna Loia was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 18% share price gain to €1.51, the stock trades at a trailing P/E ratio of 37.5x. Average forward P/E is 14x in the Capital Markets industry in Italy. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 17% share price gain to €1.19, the stock trades at a trailing P/E ratio of 29.5x. Average forward P/E is 12x in the Capital Markets industry in Italy. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €1.03, the stock trades at a trailing P/E ratio of 25.6x. Average forward P/E is 11x in the Capital Markets industry in Italy. Aankondiging • Dec 30
Finanza.tech S.p.A. has completed an IPO in the amount of €3.498 million. Finanza.tech S.p.A. has completed an IPO in the amount of €3.498 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,915,000
Price\Range: €1.2
Transaction Features: Direct Listing; Regulation S