Announcement • Jan 20
Xcubed - S.R.L. acquired 40% stake in Rhei Srl from Neosperience S.p.A. (BIT:NSP) for €0.5 million. Xcubed - S.R.L. acquired 40% stake in Rhei Srl from Neosperience S.p.A. (BIT:NSP) for €0.5 million on January 19, 2026. A cash consideration of €0.5 million will be paid by Xcubed - S.R.L.
Xcubed - S.R.L. complete the acquisition of 40% stake in Rhei Srl from Neosperience S.p.A. (BIT:NSP) on January 19, 2026. Board Change • Oct 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. 5 non-independent directors. Independent Director Michele Patella was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Interest payments are not well covered by earnings (1.1x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€9.86m market cap, or US$11.1m). Price Target Changed • Oct 08
Price target decreased by 23% to €1.87 Down from €2.42, the current price target is an average from 2 analysts. New target price is 140% above last closing price of €0.78. Stock is down 54% over the past year. The company is forecast to post a net loss per share of €0.01 compared to earnings per share of €0.0077 last year. New Risk • Oct 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Market cap is less than US$100m (€15.8m market cap, or US$17.4m). Major Estimate Revision • Aug 01
Consensus EPS estimates increase by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.025 to €0.03. Revenue forecast steady at €24.2m. Net income forecast to grow 341% next year vs 55% growth forecast for Software industry in Italy. Consensus price target down from €2.42 to €2.37. Share price was steady at €1.31 over the past week. Reported Earnings • May 22
Full year 2023 earnings released Full year 2023 results: Revenue: €26.1m (up 5.1% from FY 2022). Net income: €160.8k (down 76% from FY 2022). Profit margin: 0.6% (down from 2.7% in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy. Announcement • May 08
Neosperience S.p.A., Annual General Meeting, Jun 03, 2024 Neosperience S.p.A., Annual General Meeting, Jun 03, 2024. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.07, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 14x in the Software industry in Italy. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.04, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the Software industry in Italy. Total loss to shareholders of 17% over the past three years. Announcement • Dec 29
Neosperience S.p.A. announced that it has received €1 million in funding Neosperience S.p.A. announced a private placement that it has issued common shares for the gross proceeds of € 1 million on December 27, 2023. Reported Earnings • Oct 06
First half 2023 earnings released First half 2023 results: Revenue: €14.6m (up 9.6% from 1H 2022). Net income: €823.4k (up 377% from 1H 2022). Profit margin: 5.6% (up from 1.3% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to €2.30, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 22x in the Software industry in Italy. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.13 per share. Major Estimate Revision • Apr 30
Consensus revenue estimates decrease by 23%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €31.3m to €24.0m. EPS estimate increased from €0.265 to €0.40 per share. Net income forecast to grow 389% next year vs 81% growth forecast for Software industry in Italy. Consensus price target down from €3.87 to €3.53. Share price was steady at €1.86 over the past week. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €2.17, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Software industry in Italy. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.15, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Software industry in Italy. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 21% share price gain to €1.69, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Software industry in Italy. Total loss to shareholders of 50% over the past three years. Price Target Changed • Nov 16
Price target decreased to €4.47 Down from €5.44, the current price target is an average from 3 analysts. New target price is 184% above last closing price of €1.58. Stock is down 45% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.034 last year. Board Change • Nov 16
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. 5 non-independent directors. Independent Director Severino Meregalli was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 08
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.11 to €0.08. Revenue forecast unchanged from €24.6m at last update. Net income forecast to grow 258% next year vs 94% growth forecast for Software industry in Italy. Consensus price target down from €5.44 to €4.99. Share price was steady at €1.44 over the past week. Price Target Changed • Oct 06
Price target decreased to €4.99 Down from €5.59, the current price target is an average from 3 analysts. New target price is 257% above last closing price of €1.40. Stock is down 56% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.034 last year. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0.015 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.015 in 1H 2021). Revenue: €13.3m (up 36% from 1H 2021). Net income: €172.8k (down 26% from 1H 2021). Profit margin: 1.3% (down from 2.4% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Italy. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 26% share price gain to €1.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Software industry in Italy. Total loss to shareholders of 62% over the past three years. Major Estimate Revision • Jun 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.10 to €0.11. Revenue forecast unchanged at €24.6m. Net income forecast to grow 168% next year vs 28% growth forecast for Software industry in Italy. Consensus price target of €5.44 unchanged from last update. Share price was steady at €2.05 over the past week. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to €4.59, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Software industry in Italy. Total loss to shareholders of 53% over the past three years. 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. 5 non-independent directors. Independent Director Severino Meregalli was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Jan 25
Price target increased to €11.08 Up from €10.00, the current price target is provided by 1 analyst. New target price is 94% above last closing price of €5.70. Stock is up 14% over the past year. The company is forecast to post earnings per share of €0.03 for next year compared to €0.035 last year. Announcement • Dec 01
Neosperience S.p.A. (BIT:NSP) acquired 51% stake in Rhei Srl for €0.93 million. Neosperience S.p.A. (BIT:NSP) acquired 51% stake in Rhei Srl for €0.93 million on November 26, 2021. As per the transaction, Neosperience S.p.A. will pay €0.48 million in cash and will issue 78000 shares with delivery expected by March 2022. These shares will be subject to lock-up for 100% of the same until December 31, 2022 and for 50% until December 31, 2023. The selling shareholders will also be granted a possible earn-out, based on a formula linked to the actual EBITDA achieved in 2021, with a multiple of 6. The new Board of Directors of Rhei will be composed of 3 Neosperience representatives, including Dario Melpignano as President, and the current Directors of Rhei, Graziano Greco and Elisa Tomova who will maintain the operational leadership of the company. Cesare de Carolis and Camilla Basilico of DCS & Partner acted as legal advisors to Neosperience S.p.A. and Gabriele Galla of Studio Legale Galla e Associati acted as legal advisor to Rhei Srl.
Neosperience S.p.A. (BIT:NSP) completed the acquisition of 51% stake in Rhei Srl on November 26, 2021. Reported Earnings • Oct 01
First half 2021 earnings released: EPS €0.031 (vs €0.026 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €9.81m (up 17% from 1H 2020). Net income: €233.9k (up 24% from 1H 2020). Profit margin: 2.4% (up from 2.2% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 19% share price gain to €6.30, the stock trades at a trailing P/E ratio of 71x. Average forward P/E is 37x in the Software industry in Italy. Total returns to shareholders of 22% over the past year. Is New 90 Day High Low • Dec 04
New 90-day high: €5.89 The company is up 5.0% from its price of €5.63 on 04 September 2020. The Italian market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 1.0% over the same period. Announcement • Nov 06
Neosperience S.p.A. (BIT:NSP) completed the acquisition of 51% stake in ADChange Srl. Neosperience S.p.A. (BIT:NSP) signed a preliminary contract to acquire 51% stake in ADChange Srl for €0.26 million on August 9, 2020. The consideration for the acquisition of 51% stake will be partly settled with cash, which is already paid as a deposit and partly settled with shares. For the purchase of the remaining 49% stake in ADChange Srl, Neosperience S.p.A., and the selling shareholders are holders of call and put options. The consideration for 49% stake will calculated on the basis of the actual average EBITDA of ADChange Srl in the years 2021 and 2022; the multiple adopted will be equal to 7, if the average EBITDA is greater than €0.1 million, and equal to 6 if the average EBITDA is less than €0.1 million. This amount will be paid all in newly issued Neosperience S.p.A., shares, also subject to a specific lock-up agreement: 100% of the shares received from the sellers will be tied for three months; 75% for the following quarter, 50% for the further quarter, and the remaining 25% of the shares up to one year from the delivery of the shares, therefore up to mid-2024. The new ADChange Srl, Board of Directors will be composed of three Neosperience S.p.A., representatives, including the president, Dario Melpignano and the current directors of ADChange Srl, Alessan dro Ponte and Lorenzo Nazario, who will maintain the operational leadership of the ADChange Srl. The acquisition of 51% stake is subject to completion of the due diligence phase and is expected to be completed by October 31, 2020, whereas the acquisition of the remaining 49% stake is expected to be completed by July 2023.
Neosperience S.p.A. (BIT:NSP) completed the acquisition of 51% stake in ADChange Srl on November 5, 2020. ADChange achieved revenues in the first 12 months of activity of approximately €0.37 million, an Ebitda of the order of €0.09 million. Price Target Changed • Nov 02
Price target lowered to €10.73 Down from €11.94, the current price target is provided by 1 analyst. The new target price is 130% above the current share price of €4.67. As of last close, the stock is down 42% over the past year. Announcement • Oct 30
Neosperience S.p.A. (BIT:NSP) agreed to acquire 51% stake in Myti S.r.l. for €0.7 million. Neosperience S.p.A. (BIT:NSP) agreed to acquire 51% stake in Myti S.r.l. for €0.7 million on October 29, 2020. Neosperience S.p.A. also has an option to acquire the remaining 49% stake in Myti by 2024 which is payable in kind. Reported Earnings • Oct 06
First half earnings released Over the last 12 months the company has reported total profits of €644.6k, up 142% from the prior year. Total revenue was €19.0m over the last 12 months, up 63% from the prior year. Announcement • Aug 12
Neosperience S.p.A. (BIT:NSP) signed a preliminary contract to acquire 51% stake in ADChange Srl for €0.26 million. Neosperience S.p.A. (BIT:NSP) signed a preliminary contract to acquire 51% stake in ADChange Srl for €0.26 million on August 9, 2020. The consideration for the acquisition of 51% stake will be partly settled with cash, which is already paid as a deposit and partly settled with shares. For the purchase of the remaining 49% stake in ADChange Srl, Neosperience S.p.A., and the selling shareholders are holders of call and put options. The consideration for 49% stake will calculated on the basis of the actual average EBITDA of ADChange Srl in the years 2021 and 2022; the multiple adopted will be equal to 7, if the average EBITDA is greater than €0.1 million, and equal to 6 if the average EBITDA is less than €0.1 million. This amount will be paid all in newly issued Neosperience S.p.A., shares, also subject to a specific lock-up agreement: 100% of the shares received from the sellers will be tied for three months; 75% for the following quarter, 50% for the further quarter, and the remaining 25% of the shares up to one year from the delivery of the shares, therefore up to mid-2024. The new ADChange Srl, Board of Directors will be composed of three Neosperience S.p.A., representatives, including the president, Dario Melpignano and the current directors of ADChange Srl, Alessan dro Ponte and Lorenzo Nazario, who will maintain the operational leadership of the ADChange Srl. The acquisition of 51% stake is subject to completion of the due diligence phase and is expected to be completed by October 31, 2020, whereas the acquisition of the remaining 49% stake is expected to be completed by July 2023.