LightOn S.A. (FR:ALTAI)
:ALTAI
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LightOn S.A.
(ALTAI)
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Rating:48Neutral
Price Target:
€6.50
▲(10.17% Upside)
Action:Reiterated
Date:06/20/26
Overall score is held back primarily by weak financial performance (deepening losses and worsening cash burn despite a revenue rebound). Technicals are supportive with strong trend and momentum, but elevated RSI signals potential near-term pullback risk. Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Enterprise AI niche (private/compliant deployments)
LightOn's focus on controlled, private and compliant generative AI deployments aligns with structural demand from regulated enterprises and public sector buyers. That positioning creates higher switching costs, longer contract durability, and differentiation versus consumer-focused models, supporting stable long-term enterprise relationships.
Negative Factors
Deteriorating profitability & negative gross profit
Negative gross profit indicates revenues no longer cover direct costs, pointing to structural pricing pressure or materially elevated delivery costs. This undermines sustainable margin recovery and requires more than temporary fixes—fundamental changes to pricing, product mix, or cost structure are needed to restore long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Enterprise AI niche (private/compliant deployments)
LightOn's focus on controlled, private and compliant generative AI deployments aligns with structural demand from regulated enterprises and public sector buyers. That positioning creates higher switching costs, longer contract durability, and differentiation versus consumer-focused models, supporting stable long-term enterprise relationships.
Read all positive factors
LightOn S.A. (ALTAI) vs. iShares MSCI France ETF (EWQ)
Market Cap
€41.65M
Dividend YieldN/A
Average Volume (3M)30.32K
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth54.12%
EPS Growth-46.16%
CountryFR
Employees33
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.58
Shares Outstanding6,457,718
10 Day Avg. Volume12,844
30 Day Avg. Volume30,315
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)7.89
Price to Sales (P/S)18.49
P/FCF Ratio-4.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.83
Revenue Forecast (FY)€4.10M
LightOn S.A. Business Overview & Revenue Model
Company Description
LightOn SAS, a Paris-based company founded in 2016 by Igor Carron, Laurent Daudet, Florent Krzakala, and Sylvain Gigan, creates secure and tailored generative artificial intelligence solutions designed to boost enterprise productivity and competit...
How the Company Makes Money
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LightOn S.A. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 1.74M | 1.13M | 7.97M | 1.85M |
| Gross Profit | -2.62M | -1.64M | 6.36M | 969.00K |
| EBITDA | -6.58M | -4.23M | 4.08M | 159.00K |
| Net Income | -7.39M | -4.81M | 3.74M | -133.00K |
Balance Sheet | ||||
| Total Assets | 8.30M | 15.22M | 7.18M | 3.00M |
| Cash, Cash Equivalents and Short-Term Investments | 3.91M | 12.05M | 4.59M | 531.00K |
| Total Debt | 69.00K | 184.00K | 1.76M | 1.83M |
| Total Liabilities | 4.22M | 3.75M | 2.79M | 2.27M |
| Stockholders Equity | 4.08M | 11.47M | 4.38M | 740.00K |
Cash Flow | ||||
| Free Cash Flow | -7.97M | -2.86M | 3.94M | -424.00K |
| Operating Cash Flow | -7.91M | -2.80M | 3.97M | -416.00K |
| Investing Cash Flow | -114.00K | -60.00K | 144.00K | -203.00K |
| Financing Cash Flow | -112.00K | 10.32M | -53.00K | 755.00K |
LightOn S.A. Technical Analysis
Positive
5.90
Price Trends
4.32
Positive
4.96
Positive
5.76
Positive
Market Momentum
0.43
Negative
72.20
Negative
71.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALTAI, the sentiment is Positive. The current price of 5.9 is above the 20-day moving average (MA) of 4.34, above the 50-day MA of 4.32, and above the 200-day MA of 5.76, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 72.20 is Negative, neither overbought nor oversold. The STOCH value of 71.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALTAI.
LightOn S.A. Peers Comparison
UnderperformOutperform
Sector (61)
FR:ALTAI
LightOn S.A.
6.45
-4.17
-39.27%
FR:ALVG
Cabasse Group
0.03
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FR:ALITL
IT Link SA
15.30
-10.03
-39.59%
FR:ALKLK
Kerlink SA
1.16
0.20
20.31%
FR:MLACT
Activium Group SA
1.94
0.72
59.02%
FR:MLDAM
Damaris SA
6.75
0.75
12.50%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.