Aankondiging • Apr 17
Doxee S.p.A., Annual General Meeting, Apr 29, 2026 Doxee S.p.A., Annual General Meeting, Apr 29, 2026, at 15:00 W. Europe Standard Time. Price Target Changed • Apr 08
Price target increased by 9.4% to €7.00 Up from €6.40, the current price target is provided by 1 analyst. New target price is 74% above last closing price of €4.03. Stock is up 201% over the past year. Reported Earnings • Apr 05
Full year 2025 earnings released Full year 2025 results: Revenue: €33.9m (up 16% from FY 2024). Net income: €350.0k (up €4.02m from FY 2024). Profit margin: 1.0% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Italy. New Risk • Apr 04
New major risk - Revenue and earnings growth Earnings have declined by 60% 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 Risk Earnings have declined by 60% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€45.7m market cap, or US$52.6m). New Risk • Sep 24
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 7.5% 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 Risk Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€1.4m). Market cap is less than US$100m (€35.4m market cap, or US$41.8m). Reported Earnings • Mar 27
Full year 2024 earnings released Full year 2024 results: Revenue: €29.8m (up 3.9% from FY 2023). Net loss: €3.67m (loss narrowed 28% from FY 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% 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 Share price has been highly volatile over the past 3 months (9.3% average weekly change). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€3.6m). Market cap is less than US$100m (€22.8m market cap, or US$23.5m). New Risk • Dec 27
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 8.1% 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 Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€3.6m). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (€18.3m market cap, or US$19.1m). New Risk • Nov 16
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 5.9% 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 Less than 1 year of cash runway based on current free cash flow (-€3.6m). Share price has been volatile over the past 3 months (5.9% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (€15.5m market cap, or US$16.3m). Major Estimate Revision • Oct 03
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.30 to -€0.34 per share. Revenue forecast unchanged at €26.8m. Software industry in Italy expected to see average net income growth of 51% next year. Consensus price target down from €6.88 to €6.68. Share price fell 10.0% to €1.62 over the past week. New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% 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 Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (€22.8m market cap, or US$24.7m). Aankondiging • May 30
Doxee S.p.A. announced that it expects to receive €5.899998 million in funding Doxee S.p.A. announced a private placement that it will issue 2,878,048 common shares at an issue price of €2.05 per share for the gross proceeds of €5,899,998 on May 28, 2024. Price Target Changed • May 21
Price target decreased by 9.1% to €6.88 Down from €7.56, the current price target is an average from 2 analysts. New target price is 210% above last closing price of €2.22. Stock is down 75% over the past year. Aankondiging • May 11
Doxee S.p.A., Annual General Meeting, May 24, 2024 Doxee S.p.A., Annual General Meeting, May 24, 2024, at 11:00 W. Europe Standard Time. Major Estimate Revision • Apr 09
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €30.7m to €27.0m. EPS estimate unchanged from €0.10 per share at last update. Software industry in Italy expected to see average net income growth of 63% next year. Consensus price target down from €9.20 to €8.23. Share price fell 13% to €2.36 over the past week. New Risk • Nov 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 5.4% 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 Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Market cap is less than US$100m (€25.0m market cap, or US$27.5m). Reported Earnings • Oct 08
First half 2023 earnings released First half 2023 results: €0.38 loss per share. Revenue: €13.4m (up 8.9% from 1H 2022). Net loss: €3.25m (down €3.52m from profit in 1H 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. New Risk • Oct 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.9% 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 Risk Debt is not well covered by operating cash flow (1.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (9.5% increase in shares outstanding). Market cap is less than US$100m (€44.4m market cap, or US$46.7m). Price Target Changed • Oct 02
Price target decreased by 12% to €11.39 Down from €12.97, the current price target is an average from 3 analysts. New target price is 121% above last closing price of €5.15. Stock is down 47% over the past year. The company is forecast to post earnings per share of €0.25 for next year compared to €0.14 last year. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €5.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Software industry in Italy. Total returns to shareholders of 52% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Paola Leoni was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 05
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €27.6m to €26.7m. EPS estimate also fell from €0.20 per share to €0.18 per share. Net income forecast to grow 36% next year vs 94% growth forecast for Software industry in Italy. Consensus price target down from €14.10 to €13.67. Share price was steady at €9.76 over the past week. Reported Earnings • Sep 28
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €14.7m (up 27% from 1H 2021). Net income: €139.2k (down 47% from 1H 2021). Profit margin: 0.9% (down from 2.3% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Italy. Board Change • Apr 27
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. No highly experienced directors. 1 independent director (4 non-independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 16
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: €0.21 (up from €0.13 in FY 2020). Revenue: €25.9m (up 18% from FY 2020). Net income: €1.67m (up 77% from FY 2020). Profit margin: 6.4% (up from 4.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 42%. Over the next year, revenue is forecast to grow 2.6%, compared to a 52% growth forecast for the industry in Italy. Major Estimate Revision • Apr 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.46 to €0.14. Revenue forecast unchanged from €28.4m at last update. Net income forecast to grow 18% next year vs 95% growth forecast for Software industry in Italy. Consensus price target broadly unchanged at €13.53. Share price fell 2.0% to €12.15 over the past week. Price Target Changed • Sep 29
Price target increased to €11.43 Up from €10.48, the current price target is an average from 3 analysts. New target price is 7.1% below last closing price of €12.30. Stock is up 275% over the past year. Reported Earnings • Sep 26
First half 2021 earnings released The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €11.5m (up 22% from 1H 2020). Net income: €262.0k (down 6.8% from 1H 2020). Profit margin: 2.3% (down from 3.0% in 1H 2020). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Feb 23
New 90-day high: €3.95 The company is up 16% from its price of €3.41 on 25 November 2020. The Italian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 27% over the same period. Is New 90 Day High Low • Feb 04
New 90-day high: €3.83 The company is up 16% from its price of €3.29 on 05 November 2020. The Italian market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 27% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: €3.60 The company is up 10.0% from its price of €3.26 on 16 October 2020. The Italian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: €3.62 The company is up 11% from its price of €3.26 on 24 September 2020. The Italian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: €3.46 The company is up 3.0% from its price of €3.35 on 21 August 2020. The Italian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 2.0% over the same period. Aankondiging • Jul 30
Doxee S.p.A. (BIT:DOX) completed the acquisition of 61% stake in Littlesea s.r.l. from Francesco Piccolomini Bandini. Doxee S.p.A. (BIT:DOX) signed a preliminary (binding) agreement to acquire 61% stake in Littlesea s.r.l. from Francesco Piccolomini Bandini for €0.18 million on May 14, 2020. Under the terms, Doxee will pay €3000 for each 1% stake. In a related transaction Doxee will acquire additional 30% stake in Littlesea at €3000 for each 1% stake. Francesco Piccolomini Bandini, will retain both a minority and a governance stake in Littlesea to ensure the necessary continuity and to continue with the company's expansion policiesTransaction is subject to certain conditions and expected to complete by August 2020.
Doxee S.p.A. (BIT:DOX) completed the acquisition of 61% stake in Littlesea s.r.l. from Francesco Piccolomini Bandini on July 1, 2020.