路透7月15日 - ** 经纪公司AlphaValue首次给予Vusion（VU.PA）“卖出”评级，并指出其面临严重的现金流和营收风险，导致该公司股价下跌7.6%
** 该券商质疑该公司向软件增值服务（VAS）转型的举措，称其新商业模式是“一种错觉”
** 指出VAS业务板块“缺乏国际财务报告准则（IFRS）层面的实质内容，没有成本分摊，且隐含100%的毛利率”，这掩盖了其潜在的盈利能力问题
** 补充称，与沃尔玛 WMT.O 签订的一份巨额合同——占2025年收入的70%以上——将于2026年到期，该合同利润微薄且消耗大量现金
** 该券商预计，集团将难以弥补沃尔玛带来的销量缺口，使其雄心勃勃的2027年财务目标完全无法实现
** 八位覆盖Vusion的分析师将该股评级定为“强烈买入”或“买入”——LSEG汇编数据
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