Expert System (EXSY)

Business description

Expert System combines the best artificial intelligence algorithms for simulating the human ability to read and understand language and deep learning techniques to help companies integrate, discover and leverage their data and unstructured information.

Stock data

Market cap.€47.3m
Last close€1.33
High / Low (52 weeks)€2.0 / €1.3
Stock market listingMI
Forecast net debt (€m)4.3
Forecast gearing ratio (%)20

Price performance

Relative *(2)(7.6)(34.3)

* % Relative to local index

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Company news

Investment summary

Expert has raised gross proceeds of €10m from the issue of 7.7m shares at €1.30 through a combination of a rights issue and an accelerated book build. We have revised our forecasts to reflect estimated net proceeds of €9.7m and the new share count. This results in a new net debt forecast of €4.3m as at the end of FY17, down from €14.0m previously. Expert continues to make good progress in the insurance market, where its software can improve the efficiency of business processes, particularly claims management.

Last updated on 02/03/2018

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2015A 19.4 1.5 (1.0) (4.1) N/A 11.0
2016A 25.1 (2.2) (6.1) (22.0) N/A 16.4
2017E 25.1 (1.5) (6.0) (14.0) N/A 11.3
2018E 28.6 3.0 (1.8) (3.4) N/A 15.1

Last updated on 19/02/2018

Latest video

Executive Interview - Expert System

Industry outlook

Ever-increasing amounts of data are being produced, 80% of which are estimated to be unstructured. The need to derive useful insights from this growing body of data is driving the demand for cognitive computing and smarter artificial intelligence solutions, such as those offered by Expert System. Allied Market Research estimates that the global text analytics market could be worth as much as $6.5bn by 2020, growing at a CAGR of 25.2% from 2014, with North America expected to be the largest regional market.

Last updated on 02/03/2018

Key management

Stefano Spaggiari, CEO
Maria Guidotti Mistrali, CFO
Marco Varone, CTO
Daniel Mayer, Expert System Enterprise
Claudio Palmolungo, Executive VP Europe

Company address

Via Virgilio 56 Q
0039 059 894011
View website