Announcement • Jan 20
Matthieu Malledan Joins Kerlink Board Kerlink SA announced the appointment of Matthieu Malledant, a veteran CEO and strategic advisor known for steering growth projects, complex transformations, and high- stakes corporate turnarounds, to its board of directors. Malledant has led companies through phases of rapid expansion -- both organic and acquisition-driven -- and has built a reputation for turning struggling organizations into disciplined, profitable operations. His advisory work with mid-sized companies, large SMEs, and investment funds focuses on growth strategy, structuring, and transformation. Malledant has overseen organizations of more than 550 employees, uniting teams around clear purpose, pragmatic governance, and measurable outcomes. His work has been recognized through multiple awards, including the French Tech120 (2021, 2022, 2024), Bpifrance Excellence, and the France 2030 program. He is a former board member of French Tech Rennes, and a founder of French Care. He also serves as a mentor to early-stage entrepreneurs, a senior advisor to mid-sized companies, and a strategic advisor within a major corporate group. Breakeven Date Change • Dec 30
Forecast breakeven date pushed back to 2027 The analyst covering Kerlink previously expected the company to break even in 2026. New forecast suggests losses will reduce by 72% per year to 2026. The company is expected to make a profit of €1.50m in 2027. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Catherine Failliet was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 20
Kerlink SA, Annual General Meeting, Jun 24, 2025 Kerlink SA, Annual General Meeting, Jun 24, 2025. Location: 1 rue jacqueline auriol, thorigne fouillard France Reported Earnings • Oct 14
First half 2024 earnings released First half 2024 results: Revenue: €6.24m (down 5.8% from 1H 2023). Net loss: €1.94m (loss narrowed 26% from 1H 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Communications industry in Europe. New Risk • Sep 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 German stocks, typically moving 12% 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 (12% average weekly change). Market cap is less than US$10m (€3.95m market cap, or US$4.36m). New Risk • Aug 07
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 German stocks, typically moving 10% 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 (10% average weekly change). Market cap is less than US$10m (€3.72m market cap, or US$4.07m). Announcement • Jul 12
Kerlink SA to Report First Half, 2024 Results on Oct 10, 2024 Kerlink SA announced that they will report first half, 2024 results on Oct 10, 2024 Announcement • May 17
Kerlink SA, Annual General Meeting, Jun 19, 2024 Kerlink SA, Annual General Meeting, Jun 19, 2024. Location: 1 rue jacqueline auriol, thorigne fouillard France Reported Earnings • Apr 19
Full year 2023 earnings released Full year 2023 results: Revenue: €13.7m (down 28% from FY 2022). Net loss: €4.65m (loss widened 33% from FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Communications industry in Europe. Announcement • Feb 09
Kerlink SA to Report Fiscal Year 2023 Results on Apr 18, 2024 Kerlink SA announced that they will report fiscal year 2023 results at 5:40 PM, Central European Standard Time on Apr 18, 2024 Breakeven Date Change • Jan 29
Forecast to breakeven in 2025 The analyst covering Kerlink expects the company to break even for the first time. New forecast suggests the company will make a profit of €200.0k in 2025. Average annual earnings growth of 73% is required to achieve expected profit on schedule. New Risk • Nov 29
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €4.6m Forecast net loss in 2 years: €9.9k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. 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). Market cap is less than US$10m (€4.92m market cap, or US$5.40m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€7.4m). Currently unprofitable and not forecast to become profitable over next 2 years (€9.9k net loss in 2 years). New Risk • Nov 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 (12% average weekly change). Market cap is less than US$10m (€5.29m market cap, or US$5.67m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Buying Opportunity • Jun 23
Now 21% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be €1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 86% in the next 2 years. Reported Earnings • Apr 21
Full year 2022 earnings released Full year 2022 results: Revenue: €18.9m (down 4.9% from FY 2021). Net loss: €3.51m (loss widened 91% from FY 2021). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Communications industry in Europe. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Catherine Failliet was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 23
First half 2022 earnings released First half 2022 results: Revenue: €10.1m (up 33% from 1H 2021). Net loss: €1.54m (loss widened 25% from 1H 2021). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Breakeven Date Change • Sep 22
Forecast breakeven date pushed back to 2024 The analyst covering Kerlink previously expected the company to break even in 2022. New forecast suggests losses will reduce by 67% per year to 2023. The company is expected to make a profit of €1.30m in 2024. Average annual earnings growth of 89% is required to achieve expected profit on schedule. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Catherine Failliet was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Catherine Failliet was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 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 Christian Queffelec was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €4.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Apr 02
Full year 2021 earnings released Full year 2021 results: Revenue: €19.9m (up 78% from FY 2020). Net loss: €1.83m (loss narrowed 68% from FY 2020). Over the next year, revenue is forecast to grow 27%, compared to a 6.9% growth forecast for the industry in Germany. Reported Earnings • Dec 14
First half 2021 earnings: Revenues and EPS in line with analyst expectations First half 2021 results: €0.21 loss per share (up from €0.56 loss in 1H 2020). Revenue: €7.58m (up 59% from 1H 2020). Net loss: €1.23m (loss narrowed 57% from 1H 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 58%, compared to a 4.2% growth forecast for the industry in Germany. Reported Earnings • Sep 26
First half 2021 earnings released The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €7.58m (up 59% from 1H 2020). Net loss: €1.23m (loss narrowed 57% from 1H 2020). Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The analyst covering Kerlink expects the company to break even for the first time. New forecast suggests the company will make a profit of €600.0k in 2022. Average annual earnings growth of 100% is required to achieve expected profit on schedule. Reported Earnings • Apr 18
Full year 2020 earnings released The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €11.2m (down 14% from FY 2019). Net loss: €5.73m (loss narrowed 42% from FY 2019).