New Risk • May 21
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€2.3m 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 (-€6.3m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-€2.3m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€1.4m net loss in 3 years). Market cap is less than US$100m (€14.6m market cap, or US$16.9m). Breakeven Date Change • May 21
No longer forecast to breakeven The analyst covering Parlem Telecom Companyia de Telecomunicacions no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €1.00m in 2027. New forecast suggests the company will make a loss of €1.40m in 2028. New Risk • May 18
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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (€1.8m net loss in 3 years). Market cap is less than US$100m (€15.2m market cap, or US$17.6m). New Risk • May 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€1.8m net loss in 3 years). Market cap is less than US$100m (€14.0m market cap, or US$16.5m). Price Target Changed • May 04
Price target decreased by 55% to €2.00 Down from €4.45, the current price target is provided by 1 analyst. New target price is 153% above last closing price of €0.79. Stock is down 76% over the past year. The company is forecast to post a net loss per share of €0.06 next year compared to a net loss per share of €0.18 last year. Breakeven Date Change • May 04
No longer forecast to breakeven The analyst covering Parlem Telecom Companyia de Telecomunicacions no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €1.00m in 2026. New forecast suggests the company will make a loss of €2.20m in 2027. New Risk • May 04
New major risk - Revenue and earnings growth Earnings have declined by 5.8% 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 Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 5.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€19.5m market cap, or US$22.9m). Board Change • Apr 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Carme Vallve was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 6.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.3% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€8.3m). Market cap is less than US$100m (€51.3m market cap, or US$60.5m). New Risk • Dec 17
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 Spanish stocks, typically moving 5.9% 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 Less than 1 year of cash runway based on current free cash flow (-€8.3m). Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (€56.0m market cap, or US$65.8m). Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €53.9m to €52.4m. Losses expected to increase from €0.046 per share to €0.056. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target down from €4.45 to €4.35. Share price fell 3.6% to €2.70 over the past week. Reported Earnings • Nov 05
First half 2025 earnings released First half 2025 results: Revenue: €25.5m (up 3.5% from 1H 2024). Net loss: €943.7k (loss narrowed 62% from 1H 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Telecom industry in Europe. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 24% 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 Risk Earnings have declined by 24% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€54.1m market cap, or US$62.4m). Major Estimate Revision • Jun 27
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.018 to -€0.021 per share. Revenue forecast unchanged at €55.9m. Telecom industry in Spain expected to see average net income growth of 12% next year. Consensus price target of €4.45 unchanged from last update. Share price was steady at €3.50 over the past week. Tillkännagivande • May 30
Parlem Telecom Companyia de Telecomunicacions, S.A., Annual General Meeting, Jun 30, 2025 Parlem Telecom Companyia de Telecomunicacions, S.A., Annual General Meeting, Jun 30, 2025. Location: camara oficial de comercio, industria y navegacion de barcelona, avinguda diagonal 452, barcelona Spain New Risk • May 04
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 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 Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risk Market cap is less than US$100m (€63.8m market cap, or US$72.2m). New Risk • Jan 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 Spanish stocks, typically moving 4.8% 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (4.8% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€68.6m market cap, or US$72.1m). New Risk • Nov 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€63.2m market cap, or US$66.7m). New Risk • Sep 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 5.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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 (-€3.2m free cash flow). Share price has been highly volatile over the past 3 months (5.2% average weekly change). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€59.8m market cap, or US$66.6m). Tillkännagivande • May 23
Parlem Telecom Companyia de Telecomunicacions, S.A., Annual General Meeting, Jun 21, 2024 Parlem Telecom Companyia de Telecomunicacions, S.A., Annual General Meeting, Jun 21, 2024. Location: camara oficial de comercio, industria y navegacion de barcelona, avinguda diagonal 452., barcelona Spain New Risk • Dec 31
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (€47.2m market cap, or US$52.1m). Tillkännagivande • Oct 01
Parlem Names Xavier Capellade as CEO Parlem, present in Catalonia, has announced the appointment of Xavier Capellades as its new chief executive, replacing founder Ernest Perez-Mas, who will continue as executive president. Cappellades, founder of Banco Sabadell fintech subsidiary Nomo, has served as Parlem's strategic consultant since June. Price Target Changed • Jul 25
Price target increased by 17% to €4.57 Up from €3.89, the current price target is an average from 2 analysts. New target price is 48% above last closing price of €3.10. Stock is down 36% over the past year. The company is forecast to post a net loss per share of €0.44 next year compared to a net loss per share of €0.22 last year. New Risk • Jul 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2022. 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 Share price has been highly volatile over the past 3 months (7.2% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€503k net loss in 2 years). Market cap is less than US$100m (€53.6m market cap, or US$60.2m). Price Target Changed • May 01
Price target decreased by 9.6% to €4.74 Down from €5.24, the current price target is an average from 3 analysts. New target price is 84% above last closing price of €2.58. Stock is down 58% over the past year. The company is forecast to post a net loss per share of €0.25 next year compared to a net loss per share of €0.22 last year. Reported Earnings • Jan 18
First half 2022 earnings released First half 2022 results: Revenue: €16.5m (up 21% from 1H 2021). Net loss: €5.67m (loss widened €5.13m from 1H 2021). Revenue is forecast to grow 17% p.a. on average during the next 4 years, compared to a 2.4% growth forecast for the Telecom industry in Europe. 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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 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. 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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 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. Tillkännagivande • Jun 24
Parlem Telecom Companyia de Telecomunicacions, S.A. has completed an IPO in the amount of €12.50008 million. Parlem Telecom Companyia de Telecomunicacions, S.A. has completed an IPO in the amount of €12.50008 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,416,989
Price\Range: €2.83
Transaction Features: Sponsor Backed Offering 
