New Risk • Apr 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 68% This is considered a major 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 Risk Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (€55.4m market cap, or US$64.7m). Reported Earnings • Mar 18
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: €0.25 loss per share (improved from €1.03 loss in FY 2024). Revenue: €55.4m (down 7.0% from FY 2024). Net loss: €9.27m (loss narrowed 74% from FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 46%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Feb 26
Eurotech S.p.A. has completed a Follow-on Equity Offering in the amount of €17.490031 million. Eurotech S.p.A. has completed a Follow-on Equity Offering in the amount of €17.490031 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,791,808
Price\Range: €0.833
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,204,628
Price\Range: €0.833
Transaction Features: Rights Offering New Risk • Feb 24
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 6.7% 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: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (€37.7m market cap, or US$44.4m). Announcement • Jan 28
Eurotech S.p.A. has filed a Follow-on Equity Offering in the amount of €17.490031 million. Eurotech S.p.A. has filed a Follow-on Equity Offering in the amount of €17.490031 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,996,436
Price\Range: €0.833
Transaction Features: Rights Offering Reported Earnings • Nov 17
Third quarter 2025 earnings released: €0.035 loss per share (vs €0.064 loss in 3Q 2024) Third quarter 2025 results: €0.035 loss per share (improved from €0.064 loss in 3Q 2024). Revenue: €13.7m (flat on 3Q 2024). Net loss: €1.35m (loss narrowed 40% from 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Tech industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Sep 21
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €60.4m to €56.0m. Losses expected to increase from €0.14 per share to €0.18. Tech industry in Italy expected to see average net income growth of 43% next year. Consensus price target up from €0.88 to €0.95. Share price was steady at €1.00 over the past week. Price Target Changed • Sep 18
Price target increased by 8.6% to €0.95 Up from €0.88, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €0.99. Stock is down 11% over the past year. The company is forecast to post a net loss per share of €0.18 next year compared to a net loss per share of €1.02 last year. New Risk • Sep 17
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: €38m Forecast net loss in 2 years: €7.4k 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: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€7.4k net loss in 2 years). Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (€38.5m market cap, or US$45.6m). Reported Earnings • Sep 15
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €13.5m (down 23% from 2Q 2024). Net loss: €2.57m (loss widened 96% from 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Tech industry in Italy. New Risk • Sep 11
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 5.4% 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: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€68k net loss in 2 years). Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (€40.2m market cap, or US$47.1m). Announcement • Sep 02
Eurotech Redefines Edge IoT for Critical Infrastructure with the Launch of the ReliaGATE 15A-12 The Industrial IoT sector is undergoing a rapid evolution, demanding software-defined edge nodes capable of running containerized workloads on cost-effective platforms. This transformation is driven by the need for greater flexibility, reusability, security, and the ability to deploy intelligent applications directly at the edge: where data is generated. In response to this industry shift, Eurotech introduces the ReliaGATE 15A-12, a rugged IoT gateway based on the Arm®? compute platform, designed to bridge the gap between embedded legacy systems and cloud-native edge computing. The ReliaGATE15A-12 reflects Eurotech's product strategy to enable real-world digitalization in regulated, mission-critical industries such as water infrastructure, energy, manufacturing, and smart transportation. Its secure-by-design architecture -- featuring secure boot, TPM 2.0, tamper detection, and OTA updates -- ensures robustness and compliance, while its flexibility supports long-term innovation in the field. Among its first real-world applications, the ReliaGATE 15 A-12 is already supporting the digitalization of water infrastructure, enabling remote monitoring, connected system visibility, and data-driven insights that strengthen sustainability and resilience. New Risk • Jun 27
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 6.5% 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: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€68k net loss in 2 years). Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (€30.3m market cap, or US$35.5m). Major Estimate Revision • May 28
Consensus EPS estimates upgraded to €0.14 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.167 to -€0.137 per share. Revenue forecast steady at €60.4m. Tech industry in Italy expected to see average net income growth of 44% next year. Consensus price target of €0.88 unchanged from last update. Share price fell 4.9% to €0.79 over the past week. New Risk • May 27
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: €37m Forecast net loss in 2 years: €68k 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: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€68k net loss in 2 years). Market cap is less than US$100m (€28.5m market cap, or US$32.3m). Major Estimate Revision • May 23
Consensus EPS estimates fall by 73% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €64.2m to €60.3m. Losses expected to increase from €0.096 per share to €0.17. Tech industry in Italy expected to see average net income growth of 44% next year. Consensus price target down from €0.90 to €0.88. Share price fell 7.8% to €0.80 over the past week. New Risk • May 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-€3.6m free cash flow). Minor Risk Market cap is less than US$100m (€28.9m market cap, or US$32.6m). Breakeven Date Change • May 19
Forecast breakeven date pushed back to 2027 The 2 analysts covering Eurotech previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of €1.60m in 2027. Average annual earnings growth of 134% is required to achieve expected profit on schedule. Reported Earnings • May 17
First quarter 2025 earnings released First quarter 2025 results: Revenue: €8.28m (down 31% from 1Q 2024). Net loss: €5.00m (loss widened 19% from 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Tech industry in Italy. Board Change • Jan 11
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 9 non-independent directors. Director Michela Costa was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Announcement • Dec 19
Eurotech Introduces Everyware GreenEdge Eurotech introduced Everyware GreenEdge - a software solution designed to address typical challenges that occur during the onboarding and management of Edge Internet of Things (IoT) devices at scale. These challenges include time-consuming errors, security vulnerabilities, inconsistent data, and ultimately, unmanageable IoT devices with insecure credentials. With Everyware GreenEdge, customers can effortlessly enroll edge devices with just a few clicks and establish connection to Amazon Web Services (AWS), unlocking access to the full suite of AWS services, including AWS IoT Analytics. Everyware GreenEdge merges the functionality of AWS IoT Greengrass and Eurotech's Everyware Software Framework (ESF), and leverages capabilities of Eurotech's Everyware Cloud (EC) for remote device management. A key feature of this solution is Eurotech's innovative Zero-Touch-Provisioning (ZTP). With ZTP, once the device gets connected, it automatically handles the download of necessary certificates and initiates the preconfigured setup, reducing the once error-prone and time-consuming process from several hours to just a few minutes, requiring only minimal skills by the installer. Moreover, the user interface provided by Everyware GreenEdge covers everything from hardware integration to communication with diverse devices and sensors, enabling both field protocol support and access to AWS services to build comprehensive applications. Configuration is made intuitive with simplified administration tools, eliminating the need for extensive coding and transforming the setup process into a smooth workflow. In addition to its technical advantages, Everyware GreenEdge comes with a unified billing system for all software and services related costs in Amazon Marketplace. This streamlines the procurement process, making it easier for customers to access and manage the solution while also benefiting from AWS's trusted billing infrastructure. Everyware GreenEdge will be offered across Eurotech's Edge portfolio starting with the ReliaGATE 10-14, making it the industry's first gateway to feature this solution, designed with security in mind, and certified to meet PSA Level 1, ISA/IEC 62443-4-2 standards. With Everyware GreenEdge, this device evolves into an all-in-one solution, facilitating seamless access-to-AWS configuration, accelerating deployment, and ensuring industrial-grade security and data integrity. Reported Earnings • Nov 18
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €25.1m (up 46% from 3Q 2021). Net income: €521.0k (up €1.65m from 3Q 2021). Profit margin: 2.1% (up from net loss in 3Q 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Tech industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 16
Price target decreased to €5.00 Down from €5.40, the current price target is an average from 2 analysts. New target price is 50% above last closing price of €3.33. Stock is down 43% over the past year. The company is forecast to post earnings per share of €0.084 next year compared to a net loss per share of €0.29 last year. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Lead Independent Non-Executive Director Chiara Mio is the most experienced director on the board, commencing their role in 2008. Non-Executive Independent Director Laura Rovizzi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 07
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €17.5m (up 26% from 2Q 2021). Net loss: €1.88m (loss narrowed 34% from 2Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Tech industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: €17.4m (up 35% from 1Q 2021). Net loss: €2.38m (loss narrowed 19% from 1Q 2021). Revenue missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 39%, compared to a 8.0% growth forecast for the industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There are 10 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 10 new directors. 1 experienced director. 1 highly experienced director. 3 independent directors (6 non-independent directors). Lead Independent Director Chiara Mio is the most experienced director on the board, commencing their role in 2008. Independent Director Laura Rovizzi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 06
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: €0.29 loss per share (down from €0.004 profit in FY 2020). Revenue: €63.4m (down 8.7% from FY 2020). Net loss: €10.4m (down €10.5m from profit in FY 2020). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 194%. Over the next year, revenue is forecast to grow 42%, compared to a 1.8% growth forecast for the industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: €0.29 loss per share (down from €0.004 profit in FY 2020). Revenue: €63.1m (down 9.0% from FY 2020). Net loss: €10.4m (down €10.5m from profit in FY 2020). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) exceeded analyst estimates by 194%. Over the next year, revenue is forecast to grow 58%, compared to a 5.0% growth forecast for the industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €17.2m (up 5.1% from 3Q 2020). Net loss: €1.13m (down €1.22m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Price Target Changed • Oct 14
Price target increased to €7.60 Up from €6.90, the current price target is provided by 1 analyst. New target price is 58% above last closing price of €4.82. Stock is up 30% over the past year. Reported Earnings • Sep 04
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: €13.9m (down 16% from 2Q 2020). Net loss: €2.83m (down €2.90m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: €12.9m (down 35% from 1Q 2020). Net loss: €2.93m (down €3.44m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 25% 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 • Apr 05
Full year 2020 earnings released: EPS €0.004 (vs €0.55 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €69.4m (down 32% from FY 2019). Net income: €132.0k (down 99% from FY 2019). Profit margin: 0.2% (down from 19% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS €0.004 (vs €0.55 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €69.3m (down 33% from FY 2019). Net income: €132.0k (down 99% from FY 2019). Profit margin: 0.2% (down from 19% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Dec 21
New 90-day high: €5.35 The company is up 40% from its price of €3.82 on 22 September 2020. The Italian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 18% share price gain to €5.16, the stock is trading at a trailing P/E ratio of 22.7x, up from the previous P/E ratio of 19.2x. This compares to an average P/E of 22x in the Tech industry in Europe. Total returns to shareholders over the past three years are 291%. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 15% share price gain to €5.19, the stock is trading at a trailing P/E ratio of 22.9x, up from the previous P/E ratio of 19.9x. This compares to an average P/E of 22x in the Tech industry in Europe. Total returns to shareholders over the past three years are 304%. Is New 90 Day High Low • Nov 26
New 90-day high: €4.59 The company is up 2.0% from its price of €4.51 on 28 August 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 15% share price gain to €3.63, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 10x. This compares to an average P/E of 20x in the Tech industry in Europe. Total returns to shareholders over the past three years are 161%. Price Target Changed • Nov 02
Price target lowered to €5.70 Down from €7.50, the current price target is provided by 1 analyst. The new target price is 72% above the current share price of €3.32. As of last close, the stock is down 63% over the past year.