Announcement • May 20
XLMedia Update on Proposed Cancellation of Admission of the Ordinary Shares to trading on AIM XLMedia plc hereby gives notice of the proposed voluntary cancellation of the admission of its ordinary shares of USD 0.000001 each ("Ordinary Shares") from trading on AIM (the "Cancellation") pursuant to Rule 41 of the AIM Rules for Companies. As detailed in previous announcements, the Company became an AIM Rule 15 Cash Shell on 13 November 2024 following disposals of its businesses and has since been solely focused on the distribution of cash proceeds to shareholders and the orderly wind up of its affairs and ultimate liquidation of the Group. Having become an AIM Rule 15 Cash Shell and with no intention of undertaking a reverse takeover pursuant to AIM Rule 14, trading in the Ordinary Shares was suspended at 7.30 a.m. on 14 May 2025. To advance the wind-down process and minimise costs, the Company is terminating services that are no longer required to support its residual activities. With the orderly distribution of a significant proportion of the cash proceeds of the disposals to shareholders through two tender offers having completed, the Directors have concluded there is no longer a benefit in retaining the Company's AIM quotation. Accordingly, the Company is proceeding with the Cancellation which is proposed to take effect on 18 June 2025 conditional on shareholder approval. Following Cancellation there will be a liquidation process in due course to realise assets and settle the Company's outstanding liabilities. Further returns may be made to shareholders from the liquidation process if there are sufficient realisable assets to meet all liabilities although there can be no certainty that there will be any further such distributions. The Company intends to convene a general meeting on 10 June 2025 to seek shareholder approval for the Cancellation (the "General Meeting") and a circular containing further details of the Cancellation together with a notice of the General Meeting is expected to be sent to shareholders on or before 23 May 2025. In accordance with the AIM Rules, the Cancellation must be approved by shareholders holding not less than 75% of votes cast by shareholders at the General Meeting. A further announcement will be made once the Circular has been published. If the Cancellation becomes effective on 18 June 2025, Cavendish will cease to be the nominated adviser of the Company pursuant to the AIM Rules and the Company will no longer be required to comply with the AIM Rules. Given the ongoing wind-down process of the Group's affairs, it is not expect that the Company will put in place any form of matched bargain or trading facility. Announcement • May 14
XLMedia PLC Announces Shares Trading Suspension Trading in the XLMedia PLC's Ordinary Shares on AIM will be suspended with effect from 7.30 am 14 May 2025 (the "Suspension"). As previously announced, the Company became an AIM Rule 15 Cash Shell on 13 November 2024 with no material trading business, activities and assets other than the cash proceeds from the Disposals. Following completion of the recent Tender Offer and distribution of the cash proceeds, with six months having elapsed since the Company became an AIM Rule 15 Cash Shell, the Suspension will take effect on 14 May 2025 in accordance with AIM Rule 15, as planned. The Company will make a further announcement in due course regarding the proposed cancellation of its Ordinary Shares to trading on AIM, in accordance with the Company's wind-down of the business and ultimate liquidation. New Risk • May 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£2.48m (US$3.30m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (UK£2.48m market cap, or US$3.30m). Minor Risk Significant insider selling over the past 3 months (UK£508k sold). Announcement • Apr 14
XLMedia PLC (AIM:XLM) announces an Equity Buyback for 100,000,000 shares, representing 70.9% for £11 million. XLMedia PLC (AIM:XLM) announces a share repurchase program. Under the program, the company will repurchase up to 100,100,000 shares, representing approximately 70.9% of the issued share capital for £11 million. The shares will be purchased at a price of £0.11 per share. The repurchase program will be funded from company's cash resources. The repurchased shares will be held in treasury. The repurchase program is subject to approval from shareholders in the General Meeting to be held on April 28, 2025. If the shares tendered increase then the maximum number of shares to be repurchased, then the shares will be purchased on a pro-rata basis. The company has fixed April 28, 2025, as the record date for the buyback program. As of April 11, 2025, the company has 141,040,915 shares issued and outstanding. New Risk • Apr 09
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Significant insider selling over the past 3 months (UK£508k sold). Market cap is less than US$100m (UK£13.2m market cap, or US$16.9m). Reported Earnings • Apr 04
Full year 2024 earnings released: US$0.048 loss per share (vs US$0.17 loss in FY 2023) Full year 2024 results: US$0.048 loss per share (improved from US$0.17 loss in FY 2023). Revenue: US$17.7m (down 65% from FY 2023). Net loss: US$12.5m (loss narrowed 73% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • Dec 23
XLMedia PLC Announces Board Changes XLMedia PLC announced that the Group's shares are expected to be suspended from trading on AIM on 13 May 2025, the six-month anniversary of completion of the disposal of its North America assets. It is intended that the current members of the Board will remain in place until 30 June 2025 to oversee the return of capital to shareholders and to prepare the Company for the subsequent liquidation process. Marcus Rich (Independent Non-executive Chair), Julie Markey (Senior Independent Director) and Ory Weihs will each leave the Board on 30 June 2025 after working their respective contractual notice periods. David King, CEO, will be made redundant as a result of the asset sales and will work his contractual notice period, also leaving the business on 30 June 2025. Peter McCall, currently the Group's Company Secretary and General Counsel will join the Board during January 2025, following completion of requisite due diligence procedures. Peter will work on a reduced time basis, to oversee the Group in the period to and beyond June 2025 and it is envisaged that Cédric Boireau will continue in his role as a non-executive director during this period. New Risk • Dec 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 4.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£24.9m market cap, or US$31.6m). Announcement • Nov 14
Sportradar AG acquired Certain Assets of North America Business of XLMedia PLC from XLMedia PLC (AIM:XLM) for $30 million Sportradar AG agreed to acquire Certain Assets of North America Business of XLMedia PLC from XLMedia PLC (AIM:XLM) for $30 million on October 21, 2024. A cash consideration of $20 million will be paid by Sportradar AG. Sportradar AG will pay an earnout/contingent payment of $10 million cash. As part of consideration, $30 million is paid towards assets of Certain Assets of North America Business of XLMedia PLC. The transaction reflects TEV/EBITDA multiple of 5.5x. For the period ending December 31, 2023, Certain Assets of North America Business of XLMedia PLC reported total revenue of $27.5 million. The transaction is subject to approval of offer by XLMedia shareholders. The expected completion of the transaction is on November 13, 2024.
Giles Balleny and Callum Davidson of Cavendish Capital Markets Limited acted as financial advisor for XLMedia PLC. Karen Davies, Markjan van Schaardenburgh and Patricia Allen of Ashurst LLP acted as legal advisor for XLMedia PLC.
Sportradar AG completed the acquisition of Certain Assets of North America Business of XLMedia PLC from XLMedia PLC (AIM:XLM) on November 13, 2024. Reported Earnings • Oct 02
First half 2024 earnings released: US$0.028 loss per share (vs US$0.003 loss in 1H 2023) First half 2024 results: US$0.028 loss per share (further deteriorated from US$0.003 loss in 1H 2023). Revenue: US$10.4m (down 39% from 1H 2023). Net loss: US$7.18m (loss widened US$6.36m from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Sep 26
XLMedia PLC to Report First Half, 2024 Results on Sep 30, 2024 XLMedia PLC announced that they will report first half, 2024 results on Sep 30, 2024 Announcement • Jun 08
XLMedia PLC, Annual General Meeting, Jun 28, 2024 XLMedia PLC, Annual General Meeting, Jun 28, 2024. Location: cavendish capital markets limited, one bartholemew close, ec1a 7bl, london United Kingdom Reported Earnings • May 19
Full year 2023 earnings released: US$0.17 loss per share (vs US$0.009 profit in FY 2022) Full year 2023 results: US$0.17 loss per share (down from US$0.009 profit in FY 2022). Revenue: US$50.3m (down 30% from FY 2022). Net loss: US$45.5m (down US$47.9m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
XLMedia PLC to Report Fiscal Year 2023 Results on May 17, 2024 XLMedia PLC announced that they will report fiscal year 2023 results on May 17, 2024 New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (UK£31.4m market cap, or US$39.1m). Announcement • Dec 15
XLMedia PLC Provides Earnings Guidance for the Year 2023 XLMedia PLC provided earnings guidance for the year 2023. The Group's revenues for the full year are now expected to be in the range of $50 million to $52 million. New Risk • Oct 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (UK£21.2m market cap, or US$25.9m). New Risk • Oct 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.7% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (UK£22.4m market cap, or US$27.4m). Reported Earnings • Sep 29
First half 2023 earnings released First half 2023 results: EPS: US$0.024. Revenue: US$28.8m (down 35% from 1H 2022). Net income: US$6.24m (up US$5.74m from 1H 2022). Profit margin: 22% (up from 1.1% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Jul 28
XLMedia PLC to Report Q2, 2023 Results on Sep 25, 2023 XLMedia PLC announced that they will report Q2, 2023 results on Sep 25, 2023 Announcement • May 05
XLMedia PLC, Annual General Meeting, May 26, 2023 XLMedia PLC, Annual General Meeting, May 26, 2023, at 08:00 Coordinated Universal Time. Location: Cenkos Securities, 6-8 Tokenhouse Yard, London, EC2R 7AS London United Kingdom Reported Earnings • Mar 31
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: US$0.009 (down from US$0.023 in FY 2021). Revenue: US$71.8m (up 8.0% from FY 2021). Net income: US$2.35m (down 58% from FY 2021). Profit margin: 3.3% (down from 8.5% in FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 21
Now 20% undervalued Over the last 90 days, the stock is up 1.3%. The fair value is estimated to be UK£0.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 9.2% in a year. Earnings is forecast to decline by 7.3% in the next year. Announcement • Jan 31
XLMedia PLC Provides Consolidated Revenue Guidance for the Year Ended 31 December 2022 XLMedia PLC provided consolidated revenue guidance for the year ended 31 December 2022. For the year, Group expects its delivering revenue of approximately USD 73.7 million. Buying Opportunity • Jan 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be UK£0.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 3.3% in 2 years. Earnings is forecast to grow by 64% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to UK£0.50 Down from UK£0.76, the current price target is provided by 1 analyst. New target price is 182% above last closing price of UK£0.18. Stock is down 62% over the past year. The company is forecast to post earnings per share of US$0.021 for next year compared to US$0.023 last year. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Director David King was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: US$0 (vs US$0 in 1H 2021) First half 2022 results: EPS: US$0 (in line with 1H 2021). Revenue: US$44.5m (up 38% from 1H 2021). Net income: US$504.0k (up US$586.0k from 1H 2021). Profit margin: 1.1% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in the United Kingdom. Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Director David King was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Jul 28
Consensus revenue estimates increase by 11% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from US$67.3m to US$74.5m. EPS estimate increased from US$0.05 to US$0.05 per share. Net income forecast to grow 91% next year vs 79% growth forecast for Interactive Media and Services industry in the United Kingdom. Consensus price target of UK£0.76 unchanged from last update. Share price rose 9.3% to UK£0.33 over the past week. Price Target Changed • Apr 27
Price target decreased to UK£0.76 Down from UK£0.90, the current price target is an average from 2 analysts. New target price is 124% above last closing price of UK£0.34. Stock is down 38% over the past year. The company is forecast to post earnings per share of US$0.049 for next year compared to US$0.023 last year. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Julie Markey was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 30
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: US$66.5m (up 21% from FY 2020). Net income: US$5.64m (up US$5.11m from FY 2020). Profit margin: 8.5% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 7.2%, compared to a 18% growth forecast for the industry in the United Kingdom. Board Change • Mar 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Interim Independent Non-Executive Chairman Julie Markey was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Interim Independent Non-Executive Chairman Julie Markey was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 24
First half 2021 earnings released The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: US$32.2m (up 16% from 1H 2020). Net loss: US$82.0k (loss narrowed 52% from 1H 2020). Executive Departure • Aug 03
Group CFO & Director Iain Balchin has left the company During their tenure, the company went from making losses to turning a profit. On the 22nd of July, Iain Balchin left the company after 1.5 in the role. As of March 2021, Iain still personally held only 100.00k shares (UK£16k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.83 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 29
Group CFO & Director Iain Balchin has left the company During their tenure, the company went from making losses to turning a profit. On the 22nd of July, Iain Balchin left the company after 1.5 in the role. As of March 2021, Iain still personally held only 100.00k shares (UK£16k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.04 years. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS US$0.003 (vs US$0.31 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$54.8m (down 31% from FY 2019). Net income: US$531.0k (up US$62.2m from FY 2019). Profit margin: 1.0% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 01
New 90-day high: UK£0.40 The company is up 12% from its price of UK£0.36 on 01 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 6.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: UK£0.40 The company is up 63% from its price of UK£0.24 on 21 August 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 04
New 90-day high: UK£0.30 The company is up 21% from its price of UK£0.25 on 05 August 2020. The British market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 2.0% over the same period. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total losses of US$73.6m, with earnings decreasing by US$101.4m from the prior year. Total revenue was US$65.0m over the last 12 months, down 27% from the prior year.