Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
e-Novia S.p.A. is an Italian technology company specializing in the design, development, and marketing of innovative products in robotics and Physical AI. It operates as a venture studio and innovation consultancy, focusing on intelligent solutions that interact with the physical world through sensors, algorithms, and embedded systems. The company organizes its activities into two main sectors: vehicular robotics, which includes anti-lock braking systems for electric bikes and cargo bikes, integrated mechatronic systems for vehicle safety and performance, adaptive suspension systems, fleet monitoring solutions, and autonomous droids for last-mile delivery; and collaborative robotics, encompassing 3D vision systems for man-machine interactions in manufacturing, wearable devices that digitize the sense of touch for perceiving distant objects, and real-time measurement solutions for pedestrian and vehicle flows in public spaces like railway stations, airports, and shopping centers. e-Novia S.p.A. supports researchers, investors, and ambitious companies through its venture studio model, fostering startups and providing services from ideation to industrialization across industrial sectors. Headquartered in Milan, Italy, it drives impact in mobility, manufacturing, and urban environments via specialized Impact Streams in design, engineering, AI development, hardware, software, mechanics, automation, prototyping, and validation.
The business is unprofitable at the operating level (-136.36% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 11.7% YoY. Margins deteriorated 60.6pp alongside, both lines moving the wrong way.
ROIC dropped from -14.62% to -41.36%, capital efficiency is deteriorating. Negative free cash flow of -€6M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€10M
▼ -11.7% YoY
Net Income (TTM)
-€17M
▲ +27.0% YoY
Op. Margin
-136.36%
▼ -60.6pp YoY
ROIC
-41.36%
▼ -26.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€6M
▲ +58.0% YoY
Op. Cash Flow (TTM)
-€6M
▲ +57.6% YoY
Net Debt
€14M
Cash & Equiv.
€4M
3Y CAGR: +15.7%
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