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 (55% 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 (10% 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 (15% 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 (16% 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 13
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 (13% 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 35% 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). 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). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 04
New 90-day high: €11.08 The company is up 136% from its price of €4.70 on 06 October 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 30
New 90-day high: €9.33 The company is up 216% from its price of €2.96 on 01 September 2020. The French market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day high: €3.72 The company is up 221% from its price of €1.16 on 03 July 2020. The French market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period.