Want to see FR:ALTAI full AI Analyst Report?
LightOn S.A. (ALTAI) AI Stock Analysis
LightOn S.A.
(Paris:ALTAI)
The score is weighed down primarily by weak financial performance (sharp profitability deterioration, negative gross profit, and worsening cash burn with equity erosion). Technicals add further pressure given the pronounced downtrend and very weak momentum signals. Valuation offers limited support because the negative P/E reflects ongoing losses and no dividend yield is available.
LightOn S.A. (ALTAI) vs. iShares MSCI France ETF (EWQ)
- Market Cap
- EUR 10.00M
- Dividend Yield
- ―
- Average Volume (3M)
- 41.24K
- Price to Earnings (P/E)
- -0.9
- Beta (1Y)
- 1.12
- Revenue Growth
- 71.65%
- EPS Growth
- -16.74%
- Country
- France
- Employees
- 33
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Infrastructure
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 competitive...
How the Company Makes Money
LightOn primarily makes money by selling enterprise generative-AI software and associated services. The core revenue model is typically based on (1) software licensing or subscription fees for access to its generative AI platform and/or enterprise AI...
LightOn S.A. Financial Statement Overview
Summary
Financial profile is pressured: profitability deteriorated from strong profits in 2023 to deep losses in 2024 and larger losses in 2025 (including negative gross profit). Cash flow also flipped from strong positive in 2023 to sizable and worsening cash burn in 2024–2025, raising funding risk. Balance sheet leverage is low, but equity erosion from losses reduces the cushion.
Income Statement
28NegativeBalance Sheet
62PositiveCash Flow
22Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.30M | 1.74M | 1.13M | 7.97M | 1.85M |
| Gross Profit | -5.23M | -2.62M | -1.64M | 6.36M | 969.00K |
| EBITDA | -8.29M | -6.58M | -4.23M | 4.08M | 159.00K |
| Net Income | -9.65M | -7.39M | -4.81M | 3.74M | -133.00K |
Balance Sheet | |||||
| Total Assets | 8.17M | 8.30M | 15.22M | 7.18M | 3.00M |
| Cash, Cash Equivalents and Short-Term Investments | 2.71M | 3.91M | 12.05M | 4.59M | 531.00K |
| Total Debt | 1.17M | 69.00K | 184.00K | 1.76M | 1.83M |
| Total Liabilities | 5.28M | 4.22M | 3.75M | 2.79M | 2.27M |
| Stockholders Equity | 2.89M | 4.08M | 11.47M | 4.38M | 740.00K |
Cash Flow | |||||
| Free Cash Flow | 0 | -7.97M | -2.86M | 3.94M | -424.00K |
| Operating Cash Flow | 0 | -7.91M | -2.80M | 3.97M | -416.00K |
| Investing Cash Flow | 0 | -114.00K | -60.00K | 144.00K | -203.00K |
| Financing Cash Flow | 0 | -112.00K | 10.32M | -53.00K | 755.00K |
LightOn S.A. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALTAI, the sentiment is Negative. The current price of 1.35 is below the 20-day moving average (MA) of 1.87, below the 50-day MA of 2.78, and below the 200-day MA of 4.49, indicating a bearish trend. The MACD of -0.44 indicates Positive momentum. The RSI at 17.78 is Positive, neither overbought nor oversold. The STOCH value of 10.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALTAI.
LightOn S.A. Peers Comparison
Overall Rating
FR:SOP77Outperform
FR:CAP67Neutral
FR:ALKEY48Neutral
FR:ATO42Neutral- FR:ALTAI40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| FR:SOP | 77Outperform | EUR 3.71B | 12.28 | 14.45% | 2.77% | 1.62% | 12.95% |
| FR:CAP | 67Neutral | EUR 21.64B | 15.66 | 11.82% | 2.66% | 6.23% | -11.48% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| FR:ALKEY | 48Neutral | EUR 123.23M | -14.60 | -15.60% | ― | -4.35% | -156.96% |
| FR:ATO | 42Neutral | EUR 547.03M | -0.45 | 117.34% | ― | -14.39% | -173.10% |
| FR:ALTAI | 40Underperform | EUR 10.02M | -0.90 | ― | ― | 71.65% | -16.74% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FR:ALTAI | LightOn S.A. | 1.35 | -5.82 | -81.23% | |
| FR:ATO | Atos SE | 27.46 | -22.24 | -44.75% | |
| FR:CAP | Capgemini | 127.65 | 1.99 | 1.59% | |
| FR:SOP | Sopra Steria | 191.10 | 64.46 | 50.90% | |
| FR:ALKEY | Keyrus SA | 7.76 | 0.16 | 2.11% | |
| FR:MLCHE | Cheops Technology SA | 57.00 | -5.00 | -8.06% |
LightOn S.A. Corporate Events
LightOn launches document-centric AI suite on Scaleway’s sovereign cloud
LightOn has launched LightOn Suite, a new platform that combines LightOn Core for structuring and indexing corporate document assets with LightOn Apps for rapidly building AI-powered business applications on top of that shared knowledge base. Hosted...
LightOn launches LightOnOCR-3 to boost low-cost document intelligence
LightOn has launched LightOnOCR-3, a new family of open-weight document intelligence models designed to outperform rival American and Chinese offerings on leading OCR benchmarks while excelling on French documents and handwritten text. Available in 0...
LightOn boosts revenue and unveils search-focused AI roadmap to drive recurring growth
LightOn reported first-half 2026 revenue of €1.1 million, up 51% year-on-year, driven by growth in Paradigm license sales and an improved gross margin rising to 28%, while operating losses remained broadly stable at around €3.9 million am...
LightOn updates share capital and voting rights as of 31 August 2026
LightOn reported that its share capital comprised 7,446,854 shares and 10,856,181 voting rights as of 31 August 2026, reflecting the issuance of 69,959 new shares in August tied to a previously announced bond transaction. The updated capital structur...
LightOn renews €4 million bond financing to extend cash runway to 2027
LightOn has renewed its bond financing with its existing European investor group, including Vester Finance, arranging two bond issues with a maximum nominal value of €4 million and an effective subscription price of €3.7 million. The deal...
LightOn Updates Share Capital and Voting Rights After New Share Issuance
LightOn S.A., a Paris-based enterprise AI specialist listed on Euronext Growth, provides a secure and frugal AI platform tailored to large-scale deployments in highly regulated industries, including finance, healthcare and defense. Its technology is...
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.
Date of analysis: Oct 21, 2026