New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings have declined by 25% 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 Risks Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (€2.54m market cap, or US$2.96m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Announcement • Jul 29
Avenir Telecom S.A., Annual General Meeting, Sep 02, 2025 Avenir Telecom S.A., Annual General Meeting, Sep 02, 2025. Location: 208 boulevard de plombieres, les rizeries France Reported Earnings • Jul 29
Full year 2025 earnings released Full year 2025 results: Revenue: €11.0m (down 22% from FY 2024). Net income: €8.80m (up €15.8m from FY 2024). Profit margin: 80% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. New Risk • Jun 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (€2.32m market cap, or US$2.67m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). New Risk • Mar 04
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 French stocks, typically moving 6.8% 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 11% per year over the past 5 years. Market cap is less than US$10m (€3.47m market cap, or US$3.66m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Dec 09
First half 2025 earnings released: €0.042 loss per share (vs €0.048 loss in 1H 2024) First half 2025 results: €0.042 loss per share (improved from €0.048 loss in 1H 2024). Revenue: €5.06m (down 31% from 1H 2024). Net loss: €3.12m (loss narrowed 2.7% from 1H 2024). New Risk • Dec 06
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Risks Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (€5.25m market cap, or US$5.56m). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding). Reported Earnings • Jul 19
Full year 2024 earnings released: €0.10 loss per share (vs €0.18 loss in FY 2023) Full year 2024 results: €0.10 loss per share. Revenue: €14.1m (down 40% from FY 2023). Net loss: €7.02m (loss widened 60% from FY 2023). Announcement • Jul 18
Avenir Telecom S.A., Annual General Meeting, Aug 21, 2024 Avenir Telecom S.A., Annual General Meeting, Aug 21, 2024. Location: 208 boulevard de plombieres les rizeries, marseille cedex France New Risk • Jun 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risk Market cap is less than US$10m (€8.13m market cap, or US$8.72m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). New Risk • May 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% 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: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (€9.34m market cap, or US$10.1m). New Risk • Oct 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.40m (US$9.92m) 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 Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Market cap is less than US$10m (€9.40m market cap, or US$9.92m). Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Reported Earnings • Dec 04
First half 2023 earnings released First half 2023 results: Revenue: €13.6m (down 36% from 1H 2022). Net income: €531.0k (up €1.93m from 1H 2022). Profit margin: 3.9% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Board Change • Nov 16
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. 1 highly experienced director. 1 independent director (8 non-independent directors). Independent Director Patrick Hedouin was the last independent director to join the board, commencing their role in 2017. 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 • Jul 03
Full year 2022 earnings released Full year 2022 results: Revenue: €43.8m (up 171% from FY 2021). Net loss: €1.20m (loss narrowed 59% from FY 2021). 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. 1 highly experienced director. 1 independent director (8 non-independent directors). Independent Director Patrick Hedouin was the last independent director to join the board, commencing their role in 2017. 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 • Dec 14
First half 2022 earnings: Revenues miss analyst expectations First half 2022 results: Revenue: €21.2m (up 79% from 1H 2021). Net loss: €1.40m (loss narrowed 17% from 1H 2021). Revenue missed analyst estimates by 7.3%. Reported Earnings • Jun 18
Full year 2021 earnings released The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: €16.1m (down 49% from FY 2020). Net loss: €2.90m (loss narrowed 41% from FY 2020). Is New 90 Day High Low • Mar 02
New 90-day low: €0.41 The company is down 32% from its price of €0.60 on 01 December 2020. The French market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: €0.56 The company is down 34% from its price of €0.85 on 16 September 2020. The French market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 26% over the same period. Is New 90 Day High Low • Oct 08
New 90-day low: €0.62 The company is down 38% from its price of €1.01 on 09 July 2020. The French market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period.