Announcement • May 15
Eagle Eye Launches PromoBase as Part of Its Offering for Retailers Eagle Eye, a SaaS and AI technology company that delivers loyalty, personalised promotions and omnichannel marketing solutions for retail, travel and hospitality brands, has launched PromoBase as part of its comprehensive offering for retailers. PromoBase is the UK and Ireland's consumer packaged goods (CPG) coupon validation platform, allowing retailers to instantly verify and collate supplier-issued digital and paper coupons, eliminating coupon fraud, which costs every UK grocer an estimated £1–2 million each year. The integration of PromoBase places these capabilities alongside Eagle Eye's loyalty, personalisation and promotions engine. PromoBase covers 99.9% of all third-party coupons registered in the UK generated by CPG brands for sampling campaigns and other marketing activities. These coupons, typically identified by a "99" barcode, are accepted by all major retailers and reimbursed to the brands, but have traditionally sat outside a retailer's promotional ecosystem and present ongoing challenges around fraud, manual processing, and settlement delays. With PromoBase, retailers gain real-time validation at the checkout. This prevents misuse and fraud at the point of transaction, eliminates paper-based processes and reduces the operational burden associated with coupon handling. For CPG brands, PromoBase enables faster reimbursement to retailers and access to real-time promotion performance data. PromoBase has been delivering measurable results for major UK retailers for over a decade. The Co-op Group, with over 2,300 food stores and annual revenues of over £11,000 million, prevented £1,400,000 in coupon fraud during its first year using PromoBase. It also reclaimed more than 1,000 hours in operational efficiency by eliminating manual validation processes. Tesco, the UK grocery retail giant, achieved equally dramatic results with PromoBase, reducing the time required to manually validate coupons from 208 days to just one hour. The launch of PromoBase follows Eagle Eye's acquisition of Promotional Payments Solutions in 2025. For retailers already using the Eagle Eye AIR platform, PromoBase provides an additional layer of value without requiring separate integration or management. Recent Insider Transactions • Apr 26
Chief Partnership Officer recently sold UK£184k worth of stock On the 22nd of April, Al Henderson sold around 54k shares on-market at roughly UK£3.40 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£132k more than they bought in the last 12 months. Buy Or Sell Opportunity • Apr 24
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 7.6% to UK£3.83. The fair value is estimated to be UK£3.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.0% in a year. Earnings are forecast to decline by 1,500% in the next year. Reported Earnings • Mar 19
First half 2026 earnings released: EPS: UK£0.005 (vs UK£0.063 in 1H 2025) First half 2026 results: EPS: UK£0.005 (down from UK£0.063 in 1H 2025). Revenue: UK£23.0m (down 4.6% from 1H 2025). Net income: UK£138.0k (down 93% from 1H 2025). Profit margin: 0.6% (down from 7.7% in 1H 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Jan 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to UK£3.60, the stock trades at a trailing P/E ratio of 66.2x. Average forward P/E is 12x in the Media industry in the United Kingdom. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.94 per share. Announcement • Jan 20
Eagle Eye Solutions Group PLC to Report First Half, 2026 Results on Mar 17, 2026 Eagle Eye Solutions Group PLC announced that they will report first half, 2026 results on Mar 17, 2026 Announcement • Jan 13
Eagle Eye Launches Personalized Promotions, Helping Retailers Maximize Offer Conversion and Engagement Eagle Eye announced the launch of Personalized Promotions, an AI-powered solution that allows retailers to automatically create one-to-one offers to millions of shoppers in real time, moving personalization from strategy into scalable execution. Achieving one-to-one personalization has been a retail goal for decades. But even as the industry has made real progress towards recognizing individual shoppers through loyalty and digital channels, truly customized promotions remain a challenge. Traditional retail promotions rely on either undifferentiated blanket discounts or "targeted" offers manually deployed to broad customer segments, limiting relevance and efficiency. The Boston Consulting Group estimates that enterprise retailers can generate over $100 million of topline impact from scaling the execution of personalized offers. Eagle Eye's new Personalized Promotions is designed to help retailers capture that value by replacing manual, segment-based approaches with automated, individual-level execution. With Personalized Promotions, retailers can deliver tailored offers to each customer as an individual, resulting in greater return per promotional dollar, reduced operational workload, and improved customer recruitment, reactivation, and long-term engagement. The solution uses AI and machine learning models to create, personalize, allocate and execute targeted discount offers for each shopper, aligned to both customer preferences and retail objectives and budgets. Personalized Promotions also strengthens retailer-supplier collaboration by giving CPG brands a proven, measurable way to influence customer behavior. Brands gain access to clear audience, performance and incremental sales reporting. Unlike traditional promotional platforms that rely on predefined segments and limited "best-fit" pools, Personalized Promotions provides attribution at the individual level, creating new opportunities for supplier funding while providing clearer measurement of promotional impact. The Latest Solution in Eagle Eye's AI Personalization Science Suite Personalized Promotions enables retailers to deploy new, omnichannel, AI-generated offers bound by customizable business objectives and guardrails, allowing them to retain centralized control over their promotional strategies while enjoying the scale and efficiency gains afforded by an AI-first personalization engine. Along with the highly successful Personalized Challenges, a personalized gamification capability that has generated 7:1 ROI for retail giants like Tesco, Morrisons and Carrefour; and Smart Rewards, a real-time loyalty, incentive and customer engagement solution; Personalized Promotions is part of Eagle Eye's full suite of retail-sector focused loyalty and personalization innovations designed for enterprise retailers and grocers, convenience store groups and CPG brands. Reported Earnings • Oct 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£0.055 (down from UK£0.15 in FY 2024). Revenue: UK£48.2m (up 1.0% from FY 2024). Net income: UK£1.63m (down 64% from FY 2024). Profit margin: 3.4% (down from 9.5% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Oct 24
Eagle Eye Solutions Group PLC, Annual General Meeting, Nov 19, 2025 Eagle Eye Solutions Group PLC, Annual General Meeting, Nov 19, 2025. Location: the offices of x why, the orchard, floor 8, one great cumberland place, w1h 7al, london United Kingdom Reported Earnings • Sep 16
Full year 2025 earnings released: EPS: UK£0.055 (vs UK£0.20 in FY 2024) Full year 2025 results: EPS: UK£0.055 (down from UK£0.20 in FY 2024). Revenue: UK£48.2m (up 1.0% from FY 2024). Net income: UK£1.63m (down 72% from FY 2024). Profit margin: 3.4% (down from 12% in FY 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to UK£2.72, the stock trades at a trailing P/E ratio of 10.4x. Average forward P/E is 14x in the Media industry in the United Kingdom. Total loss to shareholders of 51% over the past three years. Announcement • Jun 30
Eagle Eye Solutions Group plc (AIM:EYE) acquired Promotional Payments Solutions Limited for €7.5 million. Eagle Eye Solutions Group plc (AIM:EYE) acquired Promotional Payments Solutions Limited for €7.5 million on June 30, 2025. The total consideration of €7.5 million includes receipt of €2 million unrestricted cash on Promotional Payments Solutions' balance sheet, funded via the Eagle Eye’s existing cash reserves. As part of the acquisition, Promotional Payments Solutions' core team will join the Group, including Promotional Payments Solutions' Chief Technology Officer, Les Carter, with the current Executive Chair, Neil Cooke, and Chief Executive Officer, Rory Meehan, moving to consultancy roles.
For the period ending December 31, 2024, Promotional Payments Solutions Limited reported total revenue of €3.96 million.
The acquisition is expected to be immediately accretive to earnings per share, with annual cost synergies at completion of €0.3 million, and further cost synergies anticipated over time.
David Anderson, Nick Prowting and James Smith of Investec Bank plc acted as financial advisor for Eagle Eye Solutions Group plc. Shore Capital Markets Limited acted as financial advisor and broker for Eagle Eye Solutions Group plc.
Eagle Eye Solutions Group plc (AIM:EYE) completed the acquisition of Promotional Payments Solutions Limited on June 30, 2025. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 44% After last week's 44% share price decline to UK£2.04, the stock trades at a trailing P/E ratio of 7.8x. Average forward P/E is 13x in the Media industry in the United Kingdom. Total loss to shareholders of 64% over the past three years. New Risk • Jun 02
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 3.8% 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 (3.8% average weekly change). Earnings are forecast to decline by an average of 103% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (UK£104.7m market cap, or US$141.6m). Price Target Changed • Jun 02
Price target decreased by 53% to UK£4.00 Down from UK£8.60, the current price target is provided by 1 analyst. New target price is 100% above last closing price of UK£2.00. Stock is down 59% over the past year. The company is forecast to post earnings per share of UK£0.057 for next year compared to UK£0.19 last year. Buy Or Sell Opportunity • May 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.6% to UK£4.00. The fair value is estimated to be UK£3.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to decline by 55% in the next 2 years. Announcement • Apr 02
Eagle Eye Solutions Group PLC Announces Board and Senior Leadership Team Changes Eagle Eye Solutions Group PLC announced the following changes to the composition of its Board and senior leadership team, as it focuses on delivering the next stage of growth. As stated in the Group's Interim Results, the senior leadership team has recently been strengthened through the appointment of key people to lead each growth pillar, ensuring the business is well resourced for its next stage of development. This includes the appointment of Jeff Baskin as Chief Revenue Officer, based in the US, to support the Group's increased focus on the significant North American loyalty market. Al Henderson has transitioned into the role of Chief Partnership Officer, overseeing the important OEM relationship announced in January 2025 and the Group's expanding base of partners. As part of these leadership changes, Steve Rothwell, founder and CIO, will step back from his operational role within the business. Steve will step down from being a Director of the Company on 2 April 2025 and move to an advisory position, ensuring the business continues to benefit from his passion and customer focus, which has been so key to Eagle Eye's success to date. Zyed Jamoussi, co-founder and currently co-Managing Director of the EagleAI business, will move into the role of Group CTO, reflecting Eagle Eye's increasing focus on productisation and AI innovation. Zyed is an experienced executive in the retail analytics industry, with more than 20 years' experience supporting retailers and FMCG companies in their CRM strategies across Europe, before co-founding Untie Nots (now EagleAI) in 2016. Cedric Chereau, EagleAI co-founder and co-Managing Director, continues to lead the EagleAI business. Reported Earnings • Mar 18
First half 2025 earnings released: EPS: UK£0.056 (vs UK£0.014 loss in 1H 2024) First half 2025 results: EPS: UK£0.056 (up from UK£0.014 loss in 1H 2024). Revenue: UK£24.2m (flat on 1H 2024). Net income: UK£1.66m (up UK£2.08m from 1H 2024). Profit margin: 6.9% (up from net loss in 1H 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 17
Eagle Eye Solutions Group plc Provides Earnings Guidance for FY25 Eagle Eye Solutions Group plc provided earnings guidance for FY25. The Board understands market expectations for FY25 to be Revenue of £47.7 million. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Risk Earnings are forecast to decline by an average of 8.6% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.6% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • Jan 14
Consensus revenue estimates decrease by 15%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from UK£56.4m to UK£47.7m. EPS estimate increased from UK£0.028 to UK£0.057 per share. Net income forecast to shrink 54% next year vs 0.9% decline forecast for Media industry in the United Kingdom. Consensus price target of UK£9.00 unchanged from last update. Share price fell 17% to UK£3.90 over the past week. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to UK£3.62, the stock trades at a forward P/E ratio of 64x. Average forward P/E is 15x in the Media industry in the United Kingdom. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.64 per share. Announcement • Jan 13
Eagle Eye Solutions Group plc to Report First Half, 2025 Results on Mar 18, 2025 Eagle Eye Solutions Group plc announced that they will report first half, 2025 results on Mar 18, 2025 New Risk • Dec 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 223% 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 are forecast to decline by an average of 9.5% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Announcement • Oct 23
Eagle Eye Solutions Group plc, Annual General Meeting, Nov 21, 2024 Eagle Eye Solutions Group plc, Annual General Meeting, Nov 21, 2024. Location: myo, 3 new street square, ec4a 3bf, london United Kingdom Reported Earnings • Sep 19
Full year 2024 earnings released: EPS: UK£0.20 (vs UK£0.043 in FY 2023) Full year 2024 results: EPS: UK£0.20 (up from UK£0.043 in FY 2023). Revenue: UK£47.7m (up 11% from FY 2023). Net income: UK£5.73m (up 383% from FY 2023). Profit margin: 12% (up from 2.8% in FY 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Jul 23
Eagle Eye Solutions Group plc to Report Q4, 2024 Results on Sep 18, 2024 Eagle Eye Solutions Group plc announced that they will report Q4, 2024 results on Sep 18, 2024 Reported Earnings • Mar 21
First half 2024 earnings released: UK£0.014 loss per share (vs UK£0.038 profit in 1H 2023) First half 2024 results: UK£0.014 loss per share (down from UK£0.038 profit in 1H 2023). Revenue: UK£24.1m (up 20% from 1H 2023). Net loss: UK£416.0k (down 141% from profit in 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Mar 20
Consensus EPS estimates fall by 34% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from UK£51.7m to UK£50.0m. Losses expected to increase from UK£0.053 per share to UK£0.071. Media industry in the United Kingdom expected to see average net income growth of 5.3% next year. Consensus price target of UK£9.00 unchanged from last update. Share price fell 3.4% to UK£5.70 over the past week. Recent Insider Transactions Derivative • Jan 21
Chief Sales Officer exercised options and sold UK£353k worth of stock On the 18th of January, Al Henderson exercised 126.81k options at around UK£0.01, then sold 70k of the shares acquired at an average of UK£5.05 per share and kept the remainder. Since March 2023, Al has owned 125.75k shares directly. Company insiders have collectively sold UK£1.5m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jan 16
Eagle Eye Solutions Group plc to Report First Half, 2024 Results on Mar 19, 2024 Eagle Eye Solutions Group plc announced that they will report first half, 2024 results on Mar 19, 2024 Announcement • Jan 12
Eagle Eye Unveils EagleAI, an AI-Powered Data Science Solution Designed for Retail Eagle Eye launched EagleAI, a modular, customer-centric data science solution powered by AI built specifically for the grocery and retail sectors. EagleAI will help retailers and grocers across the globe better meet their customers' wants and needs individually, optimise promotional spending, increase ROI, and enable true one-to-one engagement that ultimately drives loyalty. EagleAI automates the process of connecting and structuring customer data across touchpoints and uses cutting-edge machine learning and AI to create uniquely personalised offers for customers rather than curating the 'best fit' set of offers based on a finite number available. This approach sets a new global standard for retail personalisation. The Data Science Powering EagleAI: At the heart of EagleAI is a set of machine-learning algorithms that factor product affinity, shopping predictions, promotional responsiveness, budgetary controls and more. Working simultaneously, the algorithms create and target the right offers for the right individual. In retail settings, EagleAI acts as the "brain" of the Eagle Eye AIR platform's nervous system, which is the transaction layer that executes an unlimited range of offers in real-time to every customer touchpoint. This creates the ability to build personalisation at the individual level and execute it at scale. Other retail marketing platforms may be capable of personalisation but lack the capacity to deliver individual offers to hundreds of thousands or millions of customers. Likewise, traditional mass marketing may be able to reach large groups of consumers, but not with individualised offers. The combination of creating offers for individuals and the ability to execute them in real-time and at scale makes EagleAI unique – and powerful. The Genesis of EagleAI: Eagle Eye developed EagleAI after it acquired Untie Nots, a Paris-based SaaS company with extensive and proven AI capabilities, in early 2023. Leveraging the expertise of the Untie Nots team, the power of the Eagle Eye AIR platform and Google Cloud technology such as Vertex AI, EagleAI is a standalone solution under the umbrella of the Eagle Eye Group. EagleAI is designed to create winning scenarios, but the biggest winners are the consumers themselves, who receive compelling and entirely personalised promotions. According to McKinsey data, 71% of consumers expect personalisation, and 76% are frustrated when they don't get it. By optimising customer communications and putting customers at the center of decision-making by understanding their needs and crafting relevant offers and marketing, EagleAI helps create more rewarding connections and deeper relationships between retailers and their customers. Leveraging Deep Retail Sector and AI Expertise: EagleAI is well positioned as a platform to strengthen retailer-supplier relationships as it enables retailers to offer their supplier partners a new and proven route to build customer loyalty, grow share of wallet, recruit new customers, drive cross and upsell activity and launch new innovations. Major Estimate Revision • Jan 05
Consensus EPS estimates fall by 77% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -UK£0.03 to -UK£0.053 per share. Revenue forecast of UK£51.7m unchanged since last update. Media industry in the United Kingdom expected to see average net income growth of 17% next year. Consensus price target up from UK£8.60 to UK£9.00. Share price was steady at UK£4.90 over the past week. New Risk • Dec 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 241% 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: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.7% increase in shares outstanding). Recent Insider Transactions Derivative • Nov 06
Founder exercised options and sold UK£461k worth of stock On the 3rd of November, Stephen Rothwell exercised 100k options at a strike price of around UK£0.01 and sold these shares for an average price of UK£4.62 per share. This trade did not impact their existing holding. Since December 2022, Stephen has owned 1.36m shares directly. Company insiders have collectively sold UK£7.9m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Oct 20
Eagle Eye Solutions Group plc, Annual General Meeting, Nov 16, 2023 Eagle Eye Solutions Group plc, Annual General Meeting, Nov 16, 2023, at 13:00 Coordinated Universal Time. Location: The Clubhouse, St James's, 8 St James's Square, London: United Kingdom Major Estimate Revision • Sep 26
Consensus EPS estimates fall from profit to UK£0.03 loss The consensus outlook for fiscal year 2024 has been updated. Forecast loss of -UK£0.03 per share in 2024, versus previous forecasts of UK£0.108 per share. Revenue forecast unchanged from UK£51.7m at last update. Media industry in the United Kingdom expected to see average net income growth of 8.7% next year. Consensus price target up from UK£8.05 to UK£8.60. Share price fell 2.3% to UK£5.30 over the past week. Reported Earnings • Sep 19
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: UK£0.043 (up from UK£0.021 in FY 2022). Revenue: UK£43.1m (up 36% from FY 2022). Net income: UK£1.19m (up 114% from FY 2022). Profit margin: 2.8% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Sep 15
Eagle Eye Announces Not Stand Re-Election of Malcolm Wall as Chair of the Board Eagle Eye announced that Malcolm Wall, chair of the board, will not seek re-election at the company's forthcoming Annual General Meeting (AGM) in November 2023, as he has reached his nine-year tenure on the board. The company to extend its deepest gratitude to Malcom for the support and guidance he has given the business in his nine years with the company, having joined the board as a Non-Executive Director in 2014, then taking on the role of Chair in 2016. During his tenure, Malcolm has overseen the company's evolution on the public markets and the considerable expansion of the Group's offering, customer base, geographic reach, and growing profitability. Announcement • Jul 12
Eagle Eye Solutions Group plc to Report Fiscal Year 2023 Results on Sep 19, 2023 Eagle Eye Solutions Group plc announced that they will report fiscal year 2023 results on Sep 19, 2023 Price Target Changed • Jul 11
Price target increased by 13% to UK£8.05 Up from UK£7.10, the current price target is provided by 1 analyst. New target price is 41% above last closing price of UK£5.70. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of UK£0.042 for next year compared to UK£0.021 last year. Announcement • May 17
Eagle Eye Solutions Group plc Announces Appointment of Charlotte Stranner as Independent Non-Executive Director Eagle Eye Solutions Group plc toannounce the appointment of Charlotte Stranner, as an Independent Non-Executive Director of the Company, with immediate effect. Bringing over 15 years' experience in advisory and senior leadership roles across technology and financial services companies, within both the private and public sectors, Charlotte has a track record of delivering strong leadership and value to growth companies. A chartered accountant, she is currently Chief Financial Officer at Dianomi Plc, an AIM-listed digital advertising company for the financial services, technology, corporate and lifestyle sectors, and an Independent Non-Executive Director on the board of Elixirr International Plc. Previous positions include Independent Non-Executive Director at K3 Capital plc, before it was acquired in February 2023,Partner at formerly AIM-listed MXC Capital Limited, a TMT investor and adviser, andCorporate Finance Director at finnCap Ltd. Charlotte replaces Bill Currie, who retired from the Board on 14 March 2023, as Chair of the Audit Committee. Reported Earnings • Mar 15
First half 2023 earnings released: EPS: UK£0.038 (vs UK£0.023 in 1H 2022) First half 2023 results: EPS: UK£0.038 (up from UK£0.023 in 1H 2022). Revenue: UK£20.0m (up 32% from 1H 2022). Net income: UK£1.02m (up 71% from 1H 2022). Profit margin: 5.1% (up from 4.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Feb 14
Chief Operating Officer exercised options and sold UK£174k worth of stock On the 10th of February, David Aylmer exercised 32k options at a strike price of around UK£0.01 and sold these shares for an average price of UK£5.40 per share. This trade did not impact their existing holding. As of today, David currently holds no shares directly. Company insiders have collectively sold UK£8.6m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jan 23
Founder exercised options and sold UK£1.1m worth of stock On the 20th of January, Stephen Rothwell exercised 200k options at a strike price of around UK£0.01 and sold these shares for an average price of UK£5.50 per share. This trade did not impact their existing holding. Since June 2022, Stephen has owned 1.36m shares directly. Company insiders have collectively sold UK£8.3m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jan 18
Eagle Eye Solutions Group plc to Report First Half, 2023 Results on Mar 14, 2023 Eagle Eye Solutions Group plc announced that they will report first half, 2023 results on Mar 14, 2023 Recent Insider Transactions • Nov 27
Non-Executive Director recently sold UK£6.0m worth of stock On the 18th of November, William Currie sold around 1m shares on-market at roughly UK£5.55 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Nov 17
Eagle Eye Solutions Group plc (AIM:EYE) agreed to acquire 100% stake in UNTIENOTS SAS for €38.8 million. Eagle Eye Solutions Group plc (AIM:EYE) agreed to acquire 100% stake in UNTIENOTS SAS for €38.8 million on November 16, 2022. The initial consideration for the Acquisition is €15 million, with €9.1 million payable in cash and €5.9 million in new ordinary shares of Eagle Eye at the Placing Price of 555.0 pence per share, payable on completion of the Acquisition. A further performance-linked earn-out consideration is payable to the selling shareholders of Untie Nots of up to €23.8 million in cash or new ordinary shares in Eagle Eye, or a combination thereof. a Deferred Contingent Consideration of up to €23.8 million, subject to: a. specific revenue targets in FY22 and FY24, with the FY24 target representing revenue growth of approximately 60 per cent. CAGR from FY22 to FY24; and; b. achievement of a minimum EBITDA margin. The Company intends to fund the cash element of the Initial Consideration through existing cash reserves, partial utilization of its undrawn revolving credit facility and the proposed Placing. The Acquisition is conditional, inter alia, upon admission of the Placing Shares to trading on AIM ("Admission") and regulatory approval by the French Ministry of Economy pursuant to the foreign direct investment requirements of the French Monetary and Financial Code, the latter of which is expected to occur between 30 to 75 business days after filing. IN 2021, UNTIENOTS generated revenue of €3 million and EBITDA of -0.4 million and Net assets of €1.6 million. Investec Bank plc acted as advisor to Eagle Eye. Team led by Sebastian Lawrence. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Robert Senior was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Sep 28
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from UK£34.9m to UK£35.7m. EPS estimate fell from UK£0.06 to UK£0.05 per share. Net income forecast to grow 189% next year vs 25% growth forecast for IT industry in the United Kingdom. Consensus price target of UK£6.80 unchanged from last update. Share price fell 3.9% to UK£5.60 over the past week. Reported Earnings • Sep 22
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: UK£0.021 (up from UK£0.002 loss in FY 2021). Revenue: UK£31.7m (up 39% from FY 2021). Net income: UK£554.0k (up UK£611.0k from FY 2021). Profit margin: 1.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • May 29
Founder exercised options and sold UK£1.1m worth of stock On the 20th of May, Stephen Rothwell exercised 276k options at a strike price of around UK£0.01 and sold these shares for an average price of UK£4.13 per share. This trade did not impact their existing holding. Since September 2021, Stephen has owned 1.36m shares directly. Company insiders have collectively sold UK£1.1m more than they bought, via options and on-market transactions in the last 12 months. Announcement • May 21
Eagle Eye Solutions Group plc Provides Earnings Guidance for the Year Ending June 30, 2022 Eagle Eye Solutions Group plc provided earnings guidance for the year ending June 30, 2022. For the year, the Board now anticipates revenues will be ahead of current market expectations by approximately 7%. Major Estimate Revision • May 21
Consensus EPS estimates have been upgraded. The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from UK£28.1m to UK£30.1m. EPS estimate increased from UK£0 per share to UK£0.02 per share. IT industry in the United Kingdom expected to see average net income growth of 14% next year. Consensus price target up from UK£6.40 to UK£6.80. Share price rose 12% to UK£4.70 over the past week. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Robert Senior was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 18
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: EPS: UK£0.023 (up from UK£0.004 loss in 1H 2021). Revenue: UK£15.1m (up 40% from 1H 2021). Net income: UK£597.0k (up UK£690.0k from 1H 2021). Profit margin: 4.0% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 17% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 17
Price target decreased to UK£6.40 Down from UK£7.10, the current price target is an average from 2 analysts. New target price is 45% above last closing price of UK£4.40. Stock is down 4.6% over the past year. The company is forecast to post a net loss per share of UK£0.003 next year compared to a net loss per share of UK£0.0022 last year. Announcement • Jan 28
Eagle Eye Solutions Group plc to Report First Half, 2022 Results on Mar 16, 2022 Eagle Eye Solutions Group plc announced that they will report first half, 2022 results on Mar 16, 2022 Price Target Changed • Nov 18
Price target increased to UK£6.83 Up from UK£5.98, the current price target is an average from 2 analysts. New target price is 14% above last closing price of UK£6.00. Stock is up 53% over the past year. The company is forecast to post a net loss per share of UK£0.018 next year compared to a net loss per share of UK£0.0022 last year. Reported Earnings • Oct 27
Full year 2021 earnings released: UK£0.002 loss per share (vs UK£0.018 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: UK£22.8m (up 12% from FY 2020). Net loss: UK£57.0k (loss narrowed 87% from FY 2020). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 75% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 23
Full year 2021 earnings released: UK£0.002 loss per share (vs UK£0.018 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: UK£22.8m (up 12% from FY 2020). Net loss: UK£57.0k (loss narrowed 87% from FY 2020). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Mar 20
Founder exercised options and sold UK£648k worth of stock On the 19th of March, Stephen Rothwell exercised 144k options at a strike price of around UK£0.01 and sold these shares for an average price of UK£4.50 per share. This trade did not impact their existing holding. Since June 2020, Stephen has owned 1.51m shares directly. Company insiders have collectively sold UK£1.0m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 18
First half 2021 earnings released: UK£0.004 loss per share (vs UK£0.025 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: UK£10.8m (up 7.5% from 1H 2020). Net loss: UK£93.0k (loss narrowed 86% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 16
Price target increased to UK£5.98 Up from UK£4.75, the current price target is an average from 2 analysts. New target price is 28% above last closing price of UK£4.66. Stock is up 253% over the past year. Announcement • Mar 04
Eagle Eye Confirms Its Role as Key Technology Provider for Virgin Red Eagle Eye confirmed its role as a key technology provider for Virgin Red, Virgin's new rewards club. Virgin Red launched on an exclusive, invite-only basis in November 2020 and on 8 February 2021 removed the invitation-only format so that anyone could join, including all UK Virgin Atlantic Flying Club members. The Eagle Eye platform was chosen for its ability to process and manage the billions of points flowing across the programme, being earnt and spent across multiple organisations. Virgin Red members can earn and spend Virgin Points across five different reward categories, bringing together not only the Virgin companies but also partners across retail, energy and entertainment sectors. Virgin Red makes it easy for members to donate their points to good causes too, supporting local communities, charities, the environment or small businesses. Having signed an initial two-year contract with Virgin Red Limited in early 2020, Eagle Eye has been working side by side with the Virgin team, building the technology platform that underpins the vision for this game-changing, multi-organisation rewards club. In September 2020, Virgin Red successfully rebranded Virgin Atlantic Flying Club miles to Virgin Points, which was a key milestone, with all points successfully transferred onto the Eagle Eye AIR platform which now acts as the ledger for the new scheme. Working as a key part of the Virgin Red technology ecosystem, the AIR platform consolidates all Virgin Points being earnt and spent across the Virgin group and its partners. Eagle Eye's APIs enable partners to be integrated quickly and easily and for points to be processed in real-time. This also enables members to keep track of their points, which never expire, through the Virgin Red mobile app and website. The flexibility of the platform enables new updates, offers and functionality to be continually added to the programme. Is New 90 Day High Low • Feb 24
New 90-day high: UK£4.80 The company is up 28% from its price of UK£3.75 on 26 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.21 per share. Announcement • Feb 10
Eagle Eye Solutions Group plc to Report First Half, 2021 Results on Mar 16, 2021 Eagle Eye Solutions Group plc announced that they will report first half, 2021 results on Mar 16, 2021 Major Estimate Revision • Jan 27
Analysts update estimates The 2021 consensus revenue estimate was lowered from UK£24.1m to UK£23.1m. The company's losses in 2021 are expected to improve with analysts raising their EPS forecasts from -UK£0.036 to -UK£0.032. The IT industry in the United Kingdom is expected to see an average net income growth of 4.6% next year. The consensus price target increased from UK£4.75 to UK£5.08. Share price is down by 5.5% to UK£4.26 over the past week. Is New 90 Day High Low • Dec 29
New 90-day high: UK£4.27 The company is up 41% from its price of UK£3.03 on 30 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.21 per share. Announcement • Dec 18
Chargebee and Eagle Eye Partner to Offer Subscription Services to Help Retail and Hospitality Companies Drive Recurring Revenue Chargebee announced its partnership with Eagle Eye Solutions (Eagle Eye) to help retail and hospitality operators drive customer engagement and recurring revenue through subscription services. With over 2,500 global customers and recently having secured $55 million in series B funding, Chargebee is an emerging leader in SaaS subscription management and recurring billing solutions. The subscription landscape is continuing to grow around the world, with the sector estimated to be worth £323 million in the UK alone, according to recent research by Barclaycard. This partnership represents a significant opportunity for any bricks and mortar location to develop their own subscription capabilities. Eagle Eye's market-leading AIR platform enables retailers to build and manage subscription plans to ensure that the correct loyalty programs like free delivery, drinks, and early access are allocated at the point-of-sale. The Eagle Eye AIR platform already powers subscription services for JD Sports, Loblaws in Canada and IMO Carwash. The partnership with Chargebee enables retail and hospitality operators to manage the billing of these subscription services. Chargebee's leading subscription billing software powers end-to-end recurring billing subscription management and auto-invoicing for 2000+ SaaS companies. Everything is translated into increased customer retention, reduced failed payments and actionable insights that can be converted into new business opportunities. With the recently raised $55 million financing round, Chargebee's next step is to accelerate its expansion in global markets. Announcement • Dec 13
Eagle Eye Solutions Group plc Secures Three-Year Contract with Leading Speciality Office and Home Products & Services Retailer for Real-Time Digital Marketing Eagle Eye Solutions Group plc announced that a leading speciality office and home products & services retailer in North America has signed a three year agreement to use Eagle Eye's AIR platform for its Digital Wallet and promotional capabilities. The US retailer, which has over 1,000 stores across the United States, has selected Eagle Eye for its experience and proven track record helping enterprise retailers digitally connect to customers. Is New 90 Day High Low • Dec 12
New 90-day high: UK£4.09 The company is up 66% from its price of UK£2.46 on 11 September 2020. The British market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.22 per share. Is New 90 Day High Low • Nov 11
New 90-day high: UK£3.46 The company is up 56% from its price of UK£2.22 on 12 August 2020. The British market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.12 per share. Analyst Estimate Surprise Post Earnings • Oct 24
Annual earnings released: Revenue beats expectations, earnings disappoint Annual revenue exceeded analyst estimates by 0.5% at UK£20.4m. Earnings per share (EPS) missed analyst estimates by 18% at -UK£0.018. Revenue is forecast to grow 18% over the next year, compared to a 6.2% growth forecast for the IT industry in the United Kingdom. Reported Earnings • Oct 24
Full year earnings released - UK£0.018 loss per share Over the last 12 months the company has reported total losses of UK£454.0k, with losses narrowing by 81% from the prior year. Total revenue was UK£20.4m over the last 12 months, up 21% from the prior year. Is New 90 Day High Low • Oct 05
New 90-day high: UK£3.24 The company is up 90% from its price of UK£1.71 on 07 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.13 per share. Is New 90 Day High Low • Sep 18
New 90-day high: UK£2.72 The company is up 53% from its price of UK£1.78 on 19 June 2020. The British market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.24 per share. 
