Duyuru • Jun 16
Lighton Demonstrates Flexibility of LightOnOCR-2 by Adapting It to Arabic Through Fine-Tuning LightOn demonstrated the flexibility of LightOnOCR-2, its document understanding model, by adapting it to Arabic through fine-tuning. This extension is based on an internal synthetic data generation pipeline designed to cover languages that remain underrepresented in the OCR tools currently available on the market. This demonstration is based on a dataset comprising 12,000 synthetic pages and their reference transcriptions, produced using a modified version of LightOn’s synthetic document generator. The corpus covers a wide range of document scenarios, including scanning artifacts, font variations, resolution levels, and document types. The output format remains the one used to train the bbox variant of LightOnOCR-2, with bounding box detection that associates text with its spatial location. Applying OCR to Arabic presents specific challenges. The script is written from right to left, characters are connected in cursive form, and open datasets, like specialized models, remain less widely available than for Latin-based languages. For organizations processing archives, administrative, legal, or heritage documents in Arabic, these limitations can slow the automation of document workflows. This demonstration is part of a broader effort to extend the model to a variety of domains, as reflected by its more than 3 million downloads and the fine-tunings already carried out by the community. It notably addresses needs encountered in the Middle East, where LightOn is already working with public- and private-sector organizations. This development is consistent with LightOn’s positioning: providing enterprise-grade generative AI building blocks that are open, controllable, and tailored to sensitive environments. LightOn is making the guides needed to reproduce this fine-tuning available on its Hugging Face space, with the aim of making this approach accessible to as many users as possible and adaptable to other document contexts. LightOnOCR-2 is released as open source under the Apache 2.0 license. It plays a central role in the production document ingestion process within LightOn Console, LightOn’s self-service offering. The open model and our production engine are therefore built on the same technological foundation. The base model achieves a score of 83.2% on OlmOCR-Bench. Duyuru • Apr 23
LightOn SA, Annual General Meeting, May 28, 2026 LightOn SA, Annual General Meeting, May 28, 2026. Location: 19 place vendome, paris France Reported Earnings • Apr 06
Full year 2025 earnings released Full year 2025 results: Revenue: €5.32m (up 103% from FY 2024). Net loss: €7.39m (loss widened 56% from FY 2024). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Software industry in France. New Risk • Feb 27
New major risk - Revenue and earnings growth Revenue has declined by 31% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Less than 1 year of cash runway based on free cash flow trend (-€4.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue has declined by 31% over the past year. Minor Risks Revenue is less than US$5m (€3.7m revenue, or US$4.4m). Market cap is less than US$100m (€35.3m market cap, or US$41.7m). Duyuru • Jan 20
LightOn Opens a New Field for AI with LightOnOCR-2 LightOn integrates into Paradigm a technology that beats the world state of the art: LightOnOCR-2, capable of uncovering and structuring the information buried in all enterprise documents, including the most complex. This is the first of three phases "Bleu, Blanc, Rouge" that widen the gap between Paradigm and the rest of the market. Until now, the most critical enterprise documents such as sensitive contracts, technical files, regulatory archives have remained largely inaccessible to AI. Too complex, too sensitive, too voluminous. LightOn now makes it possible to exploit them, wherever they already reside. With one billion parameters, LightOnOCR-2 outperforms every competing model on the OlmOCR benchmark, including those nine times its size. World's best model for document intelligence, Light onOCR-2 is compact enough to be deployed on-premise, where the documents are. Its end-to-end architecture replaces traditional OCR pipelines and enables scaling. The next phases will focus on large-scale document search (Blanc), then comprehension models (Rouge). Once combined, these technologies will enable organizations to deploy documentary AI, integrated into their systems and fully sovereign, to make decisions grounded in all of their information. Major Estimate Revision • Dec 18
Consensus revenue estimates decrease by 25%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €2.40m to €1.80m. EPS estimate increased from -€1.11 to -€1.05 per share. Software industry in France expected to see average net income growth of 11% next year. Consensus price target down from €11.00 to €5.60. Share price fell 17% to €5.08 over the past week. Price Target Changed • Dec 17
Price target decreased by 50% to €5.60 Down from €11.10, the current price target is provided by 1 analyst. New target price is 9.6% above last closing price of €5.11. Stock is down 57% over the past year. The company is forecast to post a net loss per share of €1.05 next year compared to a net loss per share of €0.95 last year. Reported Earnings • Oct 28
First half 2025 earnings released First half 2025 results: €0.58 loss per share. Net loss: €3.68m (flat on 1H 2024). Revenue is forecast to grow 68% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Software industry in France. New Risk • Jun 19
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 French stocks, typically moving 11% 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 (11% average weekly change). Minor Risks Revenue is less than US$5m (€2.6m revenue, or US$3.0m). Market cap is less than US$100m (€55.9m market cap, or US$64.3m). New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €81.7m (US$94.4m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (€2.6m revenue, or US$3.0m). Market cap is less than US$100m (€81.7m market cap, or US$94.4m). Duyuru • May 13
LightOn SAS, Annual General Meeting, Jun 16, 2025 LightOn SAS, Annual General Meeting, Jun 16, 2025. Location: 34 rue laffitte, paris France Reported Earnings • Apr 17
Full year 2024 earnings released Full year 2024 results: Net loss: €4.75m (down 224% from profit in FY 2023). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Software industry in France. Duyuru • Apr 09
LightOn Appoints Cécile Givron as Chief Financial Officer LightOn announced the appointment of Cécile Givron as Chief Financial Officer. Graduate of Toulouse Business School and certified by ESSEC as an independent Board member, Cécile Givron brings over 25 years of experience in finance roles, including more than 15 years at Deloitte as an auditor, both in France and abroad. There, she supported French and international groups on complex issues related to consolidation, financial transformation, and regulatory compliance. She subsequently held senior finance positions in listed companies such as Deezer and Kindred Group, as well as private firms like ITWP (parent company of Toluna and Harris Interactive Europe), where she led multidisciplinary teams and drove key projects such as IPO, external growth and financial information. Her expertise in financial governance, performance management, and risk control will be a major asset in supporting LightOn through its next phases of growth. Duyuru • Mar 27
LightOn SAS to Report Fiscal Year 2024 Results on Apr 15, 2025 LightOn SAS announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Apr 15, 2025 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €21.96, the stock trades at a trailing P/E ratio of 36.8x. Average forward P/E is 19x in the Software industry in France. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €19.75, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 29x in the Software industry in France. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €15.92, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 24x in the Software industry in France. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €11.80, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 21x in the Software industry in France. Duyuru • Nov 22
LightOn SAS has completed an IPO in the amount of €11.9025 million. LightOn SAS has completed an IPO in the amount of €11.9025 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 742,059
Price\Range: €10.35
Security Name: Shares
Security Type: Common Stock
Securities Offered: 118,086
Price\Range: €10.35
Security Name: Shares
Security Type: Common Stock
Securities Offered: 289,855
Price\Range: €10.35
Transaction Features: Sponsor Backed Offering