New Risk • Nov 01
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Share price has been highly volatile over the past 3 months (79% average weekly change). Negative equity (-€2.7m). Revenue has declined by 25% over the past year. Market cap is less than US$10m (€4.59m market cap, or US$4.99m). Minor Risk Shareholders have been diluted in the past year (4.4% increase in shares outstanding). New Risk • Aug 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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 Share price has been highly volatile over the past 3 months (31% average weekly change). Negative equity (-€2.7m). Revenue has declined by 25% over the past year. Market cap is less than US$10m (€6.20m market cap, or US$6.69m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). New Risk • May 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 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 (27% average weekly change). Negative equity (-€2.7m). Earnings have declined by 29% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (€9.29m market cap, or US$10.1m). New Risk • Apr 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.39m (US$10.00m) 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 (23% average weekly change). Negative equity (-€2.7m). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (€9.39m market cap, or US$10.00m). Minor Risk Shareholders have been diluted in the past year (32% increase in shares outstanding). New Risk • Nov 12
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€2.7m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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 (-€29m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€2.7m). Earnings have declined by 29% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (€30.5m market cap, or US$32.6m). Announcement • May 25
Gaussin SA announced that it expects to receive €30 million in funding Gaussin SA announced that it will raise €30 million in a round of funding on May 24, 2023. The company will issue simple bonds in the transaction. The company will raise up to €8 million through crowdfunding platform Lumo and up to €22 million through qualified investors or a restricted circle of investors. Reported Earnings • Nov 03
First half 2022 earnings released: €0.49 loss per share (vs €0.42 loss in 1H 2021) First half 2022 results: €0.49 loss per share (further deteriorated from €0.42 loss in 1H 2021). Revenue: €35.7m (up 48% from 1H 2021). Net loss: €13.0m (loss widened 30% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 02
Full year 2021 earnings released Full year 2021 results: Revenue: €63.1m (up 46% from FY 2020). Net loss: €7.31m (down €8.60m from profit in FY 2020). Announcement • Apr 27
GAUSSIN Provides Turnover Guidance for the Year 2022 and 2023 GAUSSIN provided turnover guidance for the year 2022. For the year, company expects to generate strong growth in 2022 and is targeting turnover of €75 million and €100 million in 2023. Announcement • Jan 28
Gaussin SA to Report Fiscal Year 2021 Results on Apr 26, 2022 Gaussin SA announced that they will report fiscal year 2021 results on Apr 26, 2022 Announcement • Oct 08
Gaussin SA announced that it has received €7.000005 million in funding from Hydrogen-Refueling-Solutions SA On October 6, 2021, Gaussin SA closed the transaction. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS €0.06 (vs €0.10 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €58.2m (up 176% from FY 2019). Net income: €1.28m (up €4.17m from FY 2019). Profit margin: 2.2% (up from net loss in FY 2019). Is New 90 Day High Low • Mar 05
New 90-day low: €8.30 The company is down 25% from its price of €11.00 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 7.0% over the same period. Announcement • Jan 13
Robotic Research and Gaussin Sign Strategic Agreement to Create Autonomous, Zero-Emission Yard Trucks, Heavy-Duty Logistics Vehicles, and Shuttle Buses Robotic Research, LLC announced a strategic agreement with Gaussin. Under the terms of the agreement, Gaussin will incorporate Robotic Research’s AutoDrive® Autonomous Driving Kit into its growing fleet of zero-emission yard trucks, heavy-duty logistics vehicles, and shuttle buses for sale in global markets. Gaussin has developed an expanding line of heavy-duty vehicles powered by battery and fuel cells for use in logistics centers, ports, airports, and smart cities, that lend themselves to self-driven, clean energy vehicles. With this new alliance, Robotic Research autonomy kits will deliver the performance required in these challenging, often congested environments that are not addressed by other autonomy kits on the market. The agreement includes multiple solutions that are part of Robotic Research’s AutoDrive system. The systems are sold directly to end-users or used in Transportation-as-a-Service applications. The first generation of autonomous, zero-emission vehicles will be developed for logistics and yard automation. Ports, warehouses, and logistics centers are increasingly adopting automated vehicles to increase the efficiency of transporting goods and handling difficult tasks such as maneuvering and reversing trailers. Part of the appeal of using self-driving vehicles for complex yard environments is that they increase safety in both transport and loading, which reduces on-the-job accidents and improve efficiency and maximize real estate. Is New 90 Day High Low • Jan 06
New 90-day high: €11.90 The company is up 97% from its price of €6.05 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: €9.75 The company is up 203% from its price of €3.22 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 03
New 90-day high: €4.12 The company is up 254% from its price of €1.17 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. Announcement • Jul 30
Gaussin SA (ENXTPA:ALGAU) completed the acquisition of an additional 51.42% stake in Metalliance Société Anonyme (ENXTPA:MLETA) from the senior management of Metalliance Société Anonyme. Gaussin SA (ENXTPA:ALGAU) signed an agreement to acquire an additional 51.43% stake in Metalliance Société Anonyme (ENXTPA:MLETA) on January 30, 2020. Prior to the transaction, Gaussin SA holds 44.32% stake and after the transaction, Gaussin SA will hold 95.75% stake in Metalliance Société Anonyme. The current management including Jean-Claude Cothenet, Chairman and Managing Director of Metalliance will remain at the helm for at least the next four years in order to continue its development. The new group will have close to 200 employees. The transaction is subject to the securing of confirmation of the maintenance of support from the banks of Metalliance and its subsidiary, Triangle Service Industrie and the securing of the finance required for the acquisition. The transaction is expected to be completed no later than July 1, 2020. The alliance between Gaussin and Metalliance is expected to produce strong synergies.
Gaussin SA (ENXTPA:ALGAU) completed the acquisition of an additional 51.42% stake in Metalliance Société Anonyme (ENXTPA:MLETA) from the senior management of Metalliance Société Anonyme on July 1, 2020. After the transaction, Gaussin SA holds 95.74% stake in Metalliance Société Anonyme. Gaussin financed the operation with a combination of cash, bank finance and vendor finance. 
