New Risk • Jul 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.70m (US$9.90m) 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 222% Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (€8.70m market cap, or US$9.90m). Minor Risk High level of debt (149% net debt to equity). Aankondiging • Apr 16
Websolute S.p.A., Annual General Meeting, Apr 30, 2026 Websolute S.p.A., Annual General Meeting, Apr 30, 2026, at 15:00 W. Europe Standard Time. Location: pesaro strada della campanara n 15, pu Italy New Risk • Apr 08
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 (7.9% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risks High level of debt (149% net debt to equity). Dividend is not well covered by cash flows (228% cash payout ratio). Market cap is less than US$100m (€9.91m market cap, or US$11.6m). New Risk • Apr 04
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: Minor Risks High level of debt (99% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (€10.5m market cap, or US$12.1m). New Risk • Mar 30
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 6.3% 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: Minor Risks High level of debt (99% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (€13.3m market cap, or US$15.2m). Aankondiging • Jul 12
Redfish Listing Partners Spa (DUSE:6G3) acquired 12.21% stake in Websolute S.p.A. (BIT:WBS) from Innovative-RFK S.p.A. (ENXTPA:MLIRF). Redfish Listing Partners Spa (DUSE:6G3) acquired 12.21% stake in Websolute S.p.A. (BIT:WBS) from Innovative-RFK S.p.A. (ENXTPA:MLIRF) on July 10, 2025.
Redfish Listing Partners Spa (DUSE:6G3) completed the acquisition of 12.21% stake in Websolute S.p.A. (BIT:WBS) from Innovative-RFK S.p.A. (ENXTPA:MLIRF) on July 10, 2025. New Risk • May 20
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €65k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. 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 31% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks High level of debt (96% net debt to equity). Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (€65k sold). Market cap is less than US$100m (€16.6m market cap, or US$18.7m). Recent Insider Transactions • May 20
Director recently sold €65k worth of stock On the 15th of May, Paolo Pescetto sold around 33k shares on-market at roughly €1.97 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €42k more than they bought in the last 12 months. New Risk • May 12
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). Earnings have declined by 31% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks High level of debt (96% net debt to equity). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€12.3m market cap, or US$13.6m). Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to €1.64, the stock trades at a trailing P/E ratio of 30.7x. Average forward P/E is 27x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 36% over the past three years. Upcoming Dividend • Apr 28
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 07 May 2025. Payout ratio is on the higher end at 75% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (1.4%). New Risk • Apr 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks High level of debt (96% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€10.3m market cap, or US$11.8m). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.20, the stock trades at a trailing P/E ratio of 22.9x. Average forward P/E is 23x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 57% over the past three years. Reported Earnings • Apr 01
Full year 2024 earnings released Full year 2024 results: Revenue: €24.1m (up 14% from FY 2023). Net income: €500.0k (up €1.07m from FY 2023). Profit margin: 2.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe. New Risk • Mar 31
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 6.5% 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 Risk Earnings have declined by 57% per year over the past 5 years. Minor Risks High level of debt (73% net debt to equity). Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (€12.2m market cap, or US$13.2m). Aankondiging • Mar 18
Websolute S.P.A. Announces Annual Dividend, Payable on May 07, 2025 Websolute S.p.A. announced Annual dividend of EUR 0.0400 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. Reported Earnings • Sep 20
First half 2024 earnings released: EPS: €0.035 (vs €0.012 loss in 1H 2023) First half 2024 results: EPS: €0.035 (up from €0.012 loss in 1H 2023). Revenue: €11.7m (up 7.4% from 1H 2023). Net income: €343.4k (up €458.7k from 1H 2023). Profit margin: 2.9% (up from net loss in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. New Risk • Jun 09
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 Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 56% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€10.6m market cap, or US$11.5m). Price Target Changed • Apr 16
Price target decreased by 14% to €4.20 Down from €4.90, the current price target is provided by 1 analyst. New target price is 293% above last closing price of €1.07. Stock is down 50% over the past year. The company posted a net loss per share of €0.056 last year. New Risk • Apr 07
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 Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 56% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€9.68m market cap, or US$10.5m). New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.97m (US$9.71m) 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 Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (€8.97m market cap, or US$9.71m). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). New Risk • Nov 18
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 Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Market cap is less than US$100m (€10.8m market cap, or US$11.7m). Reported Earnings • Sep 25
First half 2023 earnings released: €0.012 loss per share (vs €0.025 loss in 1H 2022) First half 2023 results: €0.012 loss per share (improved from €0.025 loss in 1H 2022). Revenue: €10.9m (down 1.8% from 1H 2022). Net loss: €115.2k (loss narrowed 52% from 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 19
Full year 2022 earnings released: €0.056 loss per share (vs €0.047 profit in FY 2021) Full year 2022 results: €0.056 loss per share (down from €0.047 profit in FY 2021). Revenue: €22.6m (up 16% from FY 2021). Net loss: €548.1k (down 223% from profit in FY 2021). Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Aankondiging • Nov 23
Websolute S.p.A. (BIT:WEB) commences an Equity Buyback Plan for €0.5 million worth of its shares, under the authorization approved on April 19, 2022. Websolute S.p.A. (BIT:WEB) commences share repurchases on November 14, 2022, under the program mandated by the shareholders in the Ordinary Shareholders' Meeting held on April 19, 2022. As per the mandate, the company is authorized to repurchase its own shares for a total of €0.5 million. The company will repurchase its shares such that ordinary shares of the company from time to time held in its portfolio by the companies controlled by it, if any, does not exceed a total of 7.5% of the total share capital of the company. The share repurchase price must not be less than higher or more than 20% higher than the official exchange price of shares registered by Borsa Italiana SpA in the previous session every single operation. The plan will be valid for 18 months. Price Target Changed • Nov 16
Price target decreased to €4.66 Down from €5.12, the current price target is an average from 2 analysts. New target price is 140% above last closing price of €1.94. Stock is down 31% over the past year. The company posted earnings per share of €0.047 last year. 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. 4 non-independent directors. Independent Director Alfonso Giudice 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. Price Target Changed • Oct 22
Price target decreased to €4.66 Down from €5.12, the current price target is an average from 2 analysts. New target price is 163% above last closing price of €1.77. Stock is down 47% over the past year. The company posted earnings per share of €0.047 last year. Reported Earnings • Sep 28
First half 2022 earnings released: EPS: €0 (vs €0.036 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.036 in 1H 2021). Revenue: €11.2m (up 14% from 1H 2021). Net loss: €238.5k (down 172% from profit in 1H 2021). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Interactive Media and Services industry in Europe. Board Change • Apr 27
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. 4 non-independent directors. Independent Director Alfonso Giudice 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. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 28% share price decline to €2.10, the stock trades at a trailing P/E ratio of 33.8x. Average forward P/E is 24x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 75% over the past year. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 19% share price gain to €3.30, the stock trades at a trailing P/E ratio of 53.1x. Average forward P/E is 29x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 133% over the past year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 64% share price gain to €3.12, the stock trades at a trailing P/E ratio of 50.2x. Average forward P/E is 30x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 124% over the past year. Reported Earnings • Sep 24
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €9.89m (up 57% from 1H 2020). Net income: €331.4k (up 412% from 1H 2020). Profit margin: 3.4% (up from 1.0% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 27% share price gain to €2.16, the stock trades at a trailing P/E ratio of 66.9x. Average forward P/E is 35x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 77% over the past year. Price Target Changed • Apr 29
Price target increased to €2.55 Up from €2.30, the current price target is provided by 1 analyst. New target price is 43% above last closing price of €1.78. Stock is up 25% over the past year. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 16% share price gain to €1.62, the stock trades at a trailing P/E ratio of 50.2x. Average forward P/E is 31x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 21% over the past year. Reported Earnings • Apr 03
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €14.8m (up 6.9% from FY 2019). Net income: €304.4k (down 12% from FY 2019). Profit margin: 2.1% (down from 2.5% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Feb 25
New 90-day low: €1.21 The company is down 11% from its price of €1.36 on 27 November 2020. The Italian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 27
New 90-day low: €1.27 The company is down 7.0% from its price of €1.36 on 28 October 2020. The Italian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 4.0% over the same period. Aankondiging • Nov 22
Websolute S.p.A. (BIT:WEB) completed the acquisition of 51% stake in W-mind S.R.L. for €0.18 million. Websolute S.p.A. (BIT:WEB) signed an agreement to acquire a 51% stake in W-mind S.R.L. on October 28, 2020. As per announcement of November 16, 2020, closing of the transaction has been postponed from mid-November to November 25, 2020.
Websolute S.p.A. (BIT:WEB) completed the acquisition of 51% stake in W-mind S.R.L. for €0.18 million on November 20, 2020. Aankondiging • Oct 30
Websolute S.p.A. (BIT:WEB) signed an agreement to acquire a 51% stake in W-mind S.R.L. Websolute S.p.A. (BIT:WEB) signed an agreement to acquire a 51% stake in W-mind S.R.L. on October 28, 2020. Is New 90 Day High Low • Oct 06
New 90-day high: €1.46 The company is up 5.0% from its price of €1.39 on 08 July 2020. The Italian market is down 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 19% over the same period. Is New 90 Day High Low • Oct 02
New 90-day high: €1.61 The company is up 3.0% from its price of €1.57 on 03 July 2020. The Italian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 20% over the same period. Aankondiging • Jul 18
Websolute S.p.A. (BIT:WEB) agreed to acquire More S.r.l. for €0.5 million. Websolute S.p.A. (BIT:WEB) agreed to acquire More S.r.l. for €0.5 million on July 15, 2020.