New Risk • Apr 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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: Major Risk Market cap is less than US$10m (€5.20m market cap, or US$6.12m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€1.1m net loss in 3 years). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Duyuru • Apr 06
Monnalisa S.p.A., Annual General Meeting, Apr 20, 2026 Monnalisa S.p.A., Annual General Meeting, Apr 20, 2026, at 18:00 W. Europe Standard Time. New Risk • Nov 25
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 Italian stocks, typically moving 9.1% 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 Share price has been highly volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$10m (€5.69m market cap, or US$6.57m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (€2.0m net loss in 2 years). Reported Earnings • Oct 01
First half 2025 earnings released: €0.93 loss per share (vs €0.60 loss in 1H 2024) First half 2025 results: €0.93 loss per share (further deteriorated from €0.60 loss in 1H 2024). Revenue: €16.2m (down 15% from 1H 2024). Net loss: €3.91m (loss widened 35% from 1H 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 30% per year. New Risk • Sep 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 Italian stocks, typically moving 7.9% 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 Share price has been highly volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$10m (€6.26m market cap, or US$7.30m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (€1.6m net loss in 3 years). Reported Earnings • Jun 29
Full year 2024 earnings released: €1.16 loss per share (vs €1.28 loss in FY 2023) Full year 2024 results: €1.16 loss per share (improved from €1.28 loss in FY 2023). Revenue: €36.4m (down 15% from FY 2023). Net loss: €6.09m (loss narrowed 9.2% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Duyuru • Jun 11
Monnalisa S.p.A., Annual General Meeting, Jun 26, 2025 Monnalisa S.p.A., Annual General Meeting, Jun 26, 2025, at 15:00 W. Europe Standard Time. New Risk • Apr 15
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 Share price has been highly volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$10m (€5.74m market cap, or US$6.51m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€2.7m net loss in 2 years). Duyuru • Sep 20
Monnalisa S.p.A. to Report First Half, 2024 Results on Sep 27, 2024 Monnalisa S.p.A. announced that they will report first half, 2024 results on Sep 27, 2024 New Risk • Jul 31
New major risk - Revenue and earnings growth Earnings have declined by 2.2% 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 (8.2% average weekly change). Earnings have declined by 2.2% per year over the past 5 years. Market cap is less than US$10m (€4.28m market cap, or US$4.63m). New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings have declined by 2.2% 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 2.2% per year over the past 5 years. Market cap is less than US$10m (€7.72m market cap, or US$8.27m). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). New Risk • Apr 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 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: Major Risk Market cap is less than US$10m (€8.14m market cap, or US$8.65m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€1.2m net loss in 2 years). Share price has been volatile over the past 3 months (5.9% average weekly change). New Risk • Feb 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.24m (US$9.99m) This is considered a major 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: Major Risk Market cap is less than US$10m (€9.24m market cap, or US$9.99m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (€1.2m net loss in 2 years). New Risk • Sep 19
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 (€13.5m market cap, or US$14.4m). New Risk • Jun 20
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 5.1% 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 (5.1% average weekly change). Market cap is less than US$100m (€12.9m market cap, or US$14.1m). Price Target Changed • Nov 16
Price target decreased to €4.05 Down from €4.80, the current price target is an average from 2 analysts. New target price is 30% above last closing price of €3.11. Stock is down 18% over the past year. The company is forecast to post a net loss per share of €0.30 next year compared to a net loss per share of €0.36 last year. Board Change • Nov 16
Less than half of directors are independent There are 5 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: 5 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Statutory Auditor Alessandra Pederzoli is the most experienced director on the board, commencing their role in 2021. Independent Director Leonardo Etro was the last independent director to join the board, commencing their role in 2021. 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. Price Target Changed • Oct 27
Price target decreased to €4.05 Down from €4.90, the current price target is an average from 2 analysts. New target price is 31% above last closing price of €3.10. Stock is down 17% over the past year. The company is forecast to post a net loss per share of €0.056 next year compared to a net loss per share of €0.36 last year. Reported Earnings • Oct 04
First half 2022 earnings released: €0.29 loss per share (vs €0.28 loss in 1H 2021) First half 2022 results: €0.29 loss per share (further deteriorated from €0.28 loss in 1H 2021). Revenue: €23.1m (up 8.5% from 1H 2021). Net loss: €1.54m (loss widened 6.9% from 1H 2021). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -€0.09 to -€0.06 per share. Revenue forecast steady at €51.2m. Luxury industry in Italy expected to see average net income growth of 18% next year. Consensus price target down from €4.90 to €4.80. Share price was steady at €3.30 over the past week. Price Target Changed • Apr 27
Price target increased to €4.65 Up from €4.30, the current price target is an average from 2 analysts. New target price is 36% above last closing price of €3.43. Stock is down 18% over the past year. The company is forecast to post a net loss per share of €0.017 next year compared to a net loss per share of €0.36 last year. Board Change • Apr 27
Less than half of directors are independent There are 5 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: 5 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Statutory Auditor Alessandra Pederzoli is the most experienced director on the board, commencing their role in 2021. Independent Director Leonardo Etro was the last independent director to join the board, commencing their role in 2021. 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 17
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: €0.36 loss per share (up from €1.50 loss in FY 2020). Revenue: €45.2m (up 31% from FY 2020). Net loss: €1.90m (loss narrowed 76% from FY 2020). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 100%. Over the next year, revenue is forecast to grow 13%, compared to a 15% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year. Price Target Changed • Oct 31
Price target increased to €4.65 Up from €4.30, the current price target is an average from 2 analysts. New target price is 23% above last closing price of €3.78. Stock is up 62% over the past year. Reported Earnings • Oct 06
First half 2021 earnings released The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €21.3m (up 37% from 1H 2020). Net loss: €1.44m (loss narrowed 79% from 1H 2020). Price Target Changed • Jun 01
Price target increased to €3.90 Up from €3.15, the current price target is an average from 2 analysts. New target price is 6.7% below last closing price of €4.18. Stock is up 45% over the past year. Is New 90 Day High Low • Nov 19
New 90-day high: €3.20 The company is up 10.0% from its price of €2.90 on 20 August 2020. The Italian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.11 per share. Major Estimate Revision • Nov 03
Analysts lower EPS estimates to -€2.05 The 2020 consensus revenue estimate was lowered from €38.3m to €34.7m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€1.35 to -€2.05 for the same period. The Luxury industry in Italy is expected to see an average net income growth of 6.9% next year. The consensus price target was lowered from €3.80 to €2.75. Share price is down by 7.7% to €2.40 over the past week. Is New 90 Day High Low • Oct 29
New 90-day low: €2.28 The company is down 11% from its price of €2.56 on 31 July 2020. The Italian market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.76 per share.