Reported Earnings • May 24
Full year 2025 earnings released: EPS: €0.055 (vs €0.11 in FY 2024) Full year 2025 results: EPS: €0.055 (down from €0.11 in FY 2024). Revenue: €26.8m (up 24% from FY 2024). Net income: €422.0k (down 52% from FY 2024). Profit margin: 1.6% (down from 4.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • May 18
New major risk - Revenue and earnings growth Earnings have declined by 5.9% 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 5.9% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€23.7m market cap, or US$27.6m). New Risk • Apr 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 2025. 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 High level of non-cash earnings (28% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€21.0m market cap, or US$24.7m). Announcement • Mar 27
IDNTT SA (BIT:IDNTT) announces an Equity Buyback for €3 million worth of its shares. IDNTT SA (BIT:IDNTT) announces a share repurchase program. Under the program, the company will repurchase up to €3 million worth of its shares. The purpose of the program is to support the stock's liquidity and the regular performance of trading, as well as to enable the efficient use of liquidity generated by operating activities, to be used for incentive plans, extraordinary transactions, agreements with strategic partners, and to fulfill any obligations arising from convertible instruments. The program will be valid till March 30, 2027. 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 Italian stocks, typically moving 5.2% 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 High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€21.2m market cap, or US$24.6m). Price Target Changed • Jun 12
Price target decreased by 10% to €6.00 Down from €6.70, the current price target is provided by 1 analyst. New target price is 170% above last closing price of €2.22. Stock is down 29% over the past year. The company posted earnings per share of €0.11 last year. Announcement • May 12
IDNTT SA, Annual General Meeting, May 30, 2025 IDNTT SA, Annual General Meeting, May 30, 2025, at 09:30 W. Europe Standard Time. Reported Earnings • May 09
Full year 2024 earnings released Full year 2024 results: Revenue: €21.6m (up 12% from FY 2023). Net income: €1.16m (down 26% from FY 2023). Profit margin: 5.4% (down from 8.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Media industry in Italy. Board Change • Apr 03
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 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 • Oct 06
First half 2024 earnings released: EPS: €0.074 (vs €0.083 in 1H 2023) First half 2024 results: EPS: €0.074 (down from €0.083 in 1H 2023). Revenue: €9.78m (up 8.5% from 1H 2023). Net income: €557.0k (down 11% from 1H 2023). Profit margin: 5.7% (down from 6.9% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Media industry in Italy. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. New Risk • Sep 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% 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 Profit margins are more than 30% lower than last year (8.1% net profit margin). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (€21.8m market cap, or US$24.4m). Upcoming Dividend • May 20
Upcoming dividend of €0.015 per share Eligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 7.2% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (5.8%). Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €3.72, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Media industry in Italy. Total returns to shareholders of 11% over the past year. Reported Earnings • Apr 05
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €0.21 (up from €0.19 in FY 2022). Revenue: €19.3m (up 95% from FY 2022). Net income: €1.57m (up 12% from FY 2022). Profit margin: 8.1% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Media industry in Italy. New Risk • Oct 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (9.4% net profit margin). Market cap is less than US$100m (€23.0m market cap, or US$24.4m). Price Target Changed • Apr 24
Price target increased by 7.1% to €6.53 Up from €6.10, the current price target is an average from 3 analysts. New target price is 89% above last closing price of €3.46. Stock is up 6.5% over the past year. The company is forecast to post earnings per share of €0.36 for next year compared to €0.19 last year. Major Estimate Revision • Apr 05
Consensus revenue estimates increase by 22%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €17.9m to €21.9m. EPS estimate fell from €0.45 to €0.37. Net income forecast to grow 64% next year vs 30% growth forecast for Media industry in Italy. Consensus price target of €6.33 unchanged from last update. Share price fell 2.8% to €3.50 over the past week. Announcement • Nov 18
ID-ENTITY SA (BIT:IDNTT) acquired 60% stake in In-Sane SRL for €2.1 million. ID-ENTITY SA (BIT:IDNTT) acquired 60% stake in In-Sane SRL for €2.1 million on November 16, 2022.ID-ENTITY SA (BIT:IDNTT) completed the acquisition of 60% stake in In-Sane SRL for €2.1 million on November 16, 2022.