Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Board of Statutory Auditors Felice Lillo was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major 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 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 (8.8% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Market cap is less than US$10m (€976.2k market cap, or US$1.13m). Minor Risk Revenue is less than US$5m (€2.8m revenue, or US$3.2m). New Risk • Mar 08
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 (7.9% average weekly change). Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (€869.6k market cap, or US$1.01m). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (€2.9m revenue, or US$3.4m). New Risk • Feb 27
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 5.1% 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 Revenue has declined by 47% over the past year. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (€649k revenue, or US$766k). Market cap is less than US$10m (€1.28m market cap, or US$1.51m). Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). Board Change • Nov 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board of Statutory Auditors Felice Lillo was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 11
Full year 2024 earnings released Full year 2024 results: Revenue: €892.0k (down 28% from FY 2023). Net loss: €3.56m (loss widened 18% from FY 2023). Aankondiging • Sep 03
EEMS Italia SpA to Report First Half, 2025 Results on Sep 26, 2025 EEMS Italia SpA announced that they will report first half, 2025 results on Sep 26, 2025 New Risk • May 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 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 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Market cap is less than US$10m (€1.82m market cap, or US$2.07m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (€1.0m revenue, or US$1.2m). 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 Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Market cap is less than US$10m (€1.57m market cap, or US$1.79m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (€1.0m revenue, or US$1.2m). Reported Earnings • Sep 29
First half 2024 earnings released: €0.16 loss per share (vs €0.75 loss in 1H 2023) First half 2024 results: €0.16 loss per share (improved from €0.75 loss in 1H 2023). Revenue: €257.0k (down 64% from 1H 2023). Net loss: €1.11m (loss narrowed 27% from 1H 2023). New Risk • Sep 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-€2.2m free cash flow). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (296% increase in shares outstanding). Market cap is less than US$10m (€1.76m market cap, or US$1.96m). Minor Risk Revenue is less than US$5m (€1.0m revenue, or US$1.1m). Reported Earnings • May 05
Full year 2023 earnings released Full year 2023 results: Revenue: €1.24m (down 7.7% from FY 2022). Net loss: €3.02m (loss widened 34% from FY 2022). New Risk • Apr 17
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 Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (163% increase in shares outstanding). Market cap is less than US$10m (€1.24m market cap, or US$1.32m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Revenue is less than US$5m (€1.1m revenue, or US$1.1m). New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 79% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-€2.9m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Market cap is less than US$10m (€1.17m market cap, or US$1.28m). Minor Risk Revenue is less than US$5m (€1.1m revenue, or US$1.2m). Aankondiging • Jun 22
EEMS Italia SpA (BIT:EEMS) acquired Abruzzo Energia 2 S.r.l. EEMS Italia SpA (BIT:EEMS) acquired Abruzzo Energia 2 S.r.l. on June 16, 2023.EEMS Italia SpA (BIT:EEMS) completed the acquisition of Abruzzo Energia 2 S.r.l. on June 16, 2023.