Announcement • Dec 11
Tornado Infrastructure Equipment Ltd. Announces Delisting of Shares Tornado Infrastructure Equipment Ltd. announced the completion of the previously announced plan of arrangement (the "Arrangement") involving the Company, The Toro Company ("Toro") and Tornado Acquisition Company ULC (the "Purchaser"), an affiliate of Toro, pursuant to which the Purchaser acquired all of the issued and outstanding Class "A" common shares (the "Shares") of the Company for cash consideration of $1.92 per Share. The Shares are expected to be delisted from the TSX Venture Exchange (the "TSX-V") at the close of business on December 10, 2025. Tornado is a reporting issuer in each of the Provinces of Alberta, Ontario and British Columbia (the "Jurisdictions") and has applied to cease to be a reporting issuer in each Jurisdiction. Announcement • Dec 09
The Toro Company (NYSE:TTC) completed the acquisition of Tornado Infrastructure Equipment Ltd. (TSXV:TGH) from James Chui, Hong Li and others. The Toro Company (NYSE:TTC) agreed to acquire Tornado Infrastructure Equipment Ltd. (TSXV:TGH) from James Chui, Hong Li and others for approximately CAD 270 million on October 6, 2025. A cash consideration valued at CAD 1.92 per share will be paid by The Toro Company. As part of consideration, CAD 280 million is paid towards common equity of Tornado Infrastructure Equipment Ltd. In case of termination of transaction, The Toro Company will pay a termination fee of CAD 11 million. The transaction is expected to be financed with debt from existing credit facilities and additional financial arrangements.
The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to antitrust regulations. The Board of Directors of Tornado Infrastructure Equipment Ltd. formed a special committee for the transaction. The deal has been unanimously approved by the board. The transaction is expected to close in the fourth quarter of 2025. The Toro Company expects the transaction to be marginally accretive to earnings in the first year, excluding purchase price accounting and transaction-related adjustments. As of October 6, 2025, shareholders holding, directly or indirectly, or exercising control or direction over, an aggregate of 75,505,817 Shares and 5,837,500 Company Options, representing approximately 54.3% of the issued and outstanding Shares and Company Options), pursuant to which, among other things, they have agreed to vote their Shares in favour of the Arrangement. As of November 10, 2025, the Court of King’s Bench of Alberta has issued an interim order in connection with the arrangement. The board of Tornado Infrastructure unanimously recommends that the Securityholders vote FOR the arrangement resolution.
Origin Merchant Partners acted as fairness opinion provider for Tornado Infrastructure Equipment Ltd. Stifel Nicolaus Canada Inc. acted as fairness opinion provider for Tornado Infrastructure Equipment Ltd and will receive a fee of CAD 250,000 upon delivery of the Opinion. Stifel Nicolaus Canada Inc. acted as financial advisor for Tornado Infrastructure Equipment Ltd. Origin Merchant Partners acted as financial advisor for Tornado Infrastructure Equipment Ltd. Michael Burkett and Steven D. Bennett of Stikeman Elliott LLP acted as legal advisor for Tornado Infrastructure Equipment Ltd. Jake Irwin of McCarthy Tétrault LLP acted as legal advisor for The Toro Company. Laurel Hill Advisory Group acted as information agent to Tornado Infrastructure. Laurel Hill will receive a fee of CAD 45,000 for its services. TSX Trust Company acted as transfer agent and depository to Tornado Infrastructure.
The Toro Company (NYSE:TTC) completed the acquisition of Tornado Infrastructure Equipment Ltd. (TSXV:TGH) from James Chui, Hong Li and others on December 8, 2025. The Shares are expected to be delisted from the TSX Venture Exchange at the close of business on December 10, 2025. Reported Earnings • Dec 03
Third quarter 2025 earnings released Third quarter 2025 results: EPS: CA$0.029. Revenue: CA$42.3m (up 39% from 3Q 2024). Net income: CA$4.08m (up 105% from 3Q 2024). Profit margin: 9.6% (up from 6.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 58% per year whereas the company’s share price has increased by 61% per year. Price Target Changed • Oct 08
Price target decreased by 12% to CA$2.71 Down from CA$3.08, the current price target is an average from 3 analysts. New target price is 44% above last closing price of CA$1.88. The company posted earnings per share of CA$0.075 last year. Announcement • Oct 07
The Toro Company (NYSE:TTC) agreed to acquire Tornado Infrastructure Equipment Ltd. (TSXV:TGH) for approximately CAD 280 million. The Toro Company (NYSE:TTC) agreed to acquire Tornado Infrastructure Equipment Ltd. (TSXV:TGH) for approximately CAD 280 million on October 6, 2025. A cash consideration valued at CAD 1.92 per share will be paid by The Toro Company. As part of consideration, CAD 280 million is paid towards common equity of Tornado Infrastructure Equipment Ltd. In case of termination of transaction, The Toro Company will pay a termination fee of CAD 11 million. The transaction is expected to be financed with debt from existing credit facilities and additional financial arrangements.
The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to antitrust regulations. The Board of Directors of Tornado Infrastructure Equipment Ltd. formed a special committee for the transaction. The deal has been unanimously approved by the board. The transaction is currently anticipated to close during The Toro Company’s fiscal 2026 first quarter. The Toro Company expects the transaction to be marginally accretive to earnings in the first year, excluding purchase price accounting and transaction-related adjustments.
Origin Merchant Partners acted as fairness opinion provider for Tornado Infrastructure Equipment Ltd. Stifel Nicolaus Canada Inc. acted as fairness opinion provider for Tornado Infrastructure Equipment Ltd. Stifel Nicolaus Canada Inc. acted as financial advisor for Tornado Infrastructure Equipment Ltd. Origin Merchant Partners acted as financial advisor for Tornado Infrastructure Equipment Ltd. Stikeman Elliott LLP acted as legal advisor for Tornado Infrastructure Equipment Ltd. McCarthy Tétrault LLP acted as legal advisor for The Toro Company. Price Target Changed • Sep 03
Price target increased by 13% to CA$3.08 Up from CA$2.73, the current price target is an average from 3 analysts. New target price is 63% above last closing price of CA$1.89. Stock is up 87% over the past year. The company posted earnings per share of CA$0.075 last year. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CA$0.019 (vs CA$0.018 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.019 (up from CA$0.018 in 2Q 2024). Revenue: CA$45.0m (up 31% from 2Q 2024). Net income: CA$2.68m (up 6.7% from 2Q 2024). Profit margin: 6.0% (down from 7.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 30
Now 21% undervalued Over the last 90 days, the stock has risen 59% to CA$1.77. The fair value is estimated to be CA$2.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 29
First quarter 2025 earnings released: EPS: CA$0.021 (vs CA$0.018 in 1Q 2024) First quarter 2025 results: EPS: CA$0.021 (up from CA$0.018 in 1Q 2024). Revenue: CA$35.6m (up 5.1% from 1Q 2024). Net income: CA$2.85m (up 17% from 1Q 2024). Profit margin: 8.0% (up from 7.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Tornado Infrastructure Equipment Ltd. Provides Earnings and Production Guidance for 2025 Tornado Infrastructure Equipment Ltd. provided earnings and production guidance for 2025. The company expects the production and sales of hydrovac trucks and profitability to continue to grow in 2025 for the following reasons: Expected continued spending on infrastructure in the industry across North America. The anticipated increased revenues and benefits from the strategic Acquisition of CustomVac, including expanded product offerings, cross-selling opportunities, and improved supply chain efficiency. The continuing addition of new and innovative products that will support the infrastructure, telecommunications and oil and gas industries. The anticipated increasing revenues and benefits from the sales arrangement with its U.S. strategic partner, Custom Truck. The anticipated increase in production capacity and operating efficiencies resulting from the completion of the new production building being constructed at the Red Deer facility, which is expected to be completed in Q2/2025. The Company's strategy to introduce new product lines to increase revenue by internal development and through synergistic business acquisitions. The Company's commitment to continuous improvement of its hydrovac truck design which in the Company's view will result in advantages over other hydrovac trucks currently offered in the market. The Company's ability to continue to secure key manufacturing components, including chassis for customers, into future years through strategic supplier relationships. The Company has strengthened its dealer relationships in both Canada and U.S. to meet the expected demand increase. Expanded North American coverage for maintenance warranty and repair to serve customers better. Favorable impact of a strengthened USD on a significant portion of the Company's U.S. sales, which supports improved gross margins on those transactions. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.78, the stock trades at a trailing P/E ratio of 23.8x. Average forward P/E is 13x in the Machinery industry in Canada. Total returns to shareholders of 296% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$3.25 per share. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$1.39, the stock trades at a trailing P/E ratio of 16.7x. Average forward P/E is 11x in the Machinery industry in Canada. Total returns to shareholders of 184% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CA$1.16, the stock trades at a trailing P/E ratio of 13.9x. Average forward P/E is 13x in the Machinery industry in Canada. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$1.01, the stock trades at a trailing P/E ratio of 12.1x. Average forward P/E is 13x in the Machinery industry in Canada. Total returns to shareholders of 159% over the past three years. Announcement • Feb 25
Tornado Infrastructure Equipment Ltd. Announces Chief Financial Officer Changes Tornado Infrastructure Equipment Ltd. announced the promotion of Derek Li as Vice President and Chief Financial Officer, effective immediately. Derek will be replacing Al Robertson who has decided to retire. Derek Li, formerly the Vice President, Finance and Controller, has been an integral part of Tornado’s leadership for the past eight years, demonstrating exceptional strategic and operational expertise that has significantly contributed to company’s growth. As Vice President and CFO, he is responsible for overseeing financial strategy, improving operational efficiency, and supporting business expansion efforts. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$1.20, the stock trades at a trailing P/E ratio of 14.4x. Average forward P/E is 13x in the Machinery industry in Canada. Total returns to shareholders of 155% over the past three years. New Risk • Dec 20
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 Canadian stocks, typically moving 13% 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. This is currently the only risk that has been identified for the company. New Risk • Dec 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$114.2m (US$79.1m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Announcement • Dec 16
Tornado to Build the First Hydrovac Truck in Midland Tornado is working with a U.S. based partner, under the supervision of Tornado personnel, to build the Company’s first hydrovac truck in Midland, Texas, with completion anticipated by the end of 2024. This initiative is the first tangible step in expansion into the United States. By establishing a stronger local U.S. presence, the company aim to be closer to largest customers and better positioned to meet the increasing demand for their products in the U.S. market. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$1.19, the stock trades at a trailing P/E ratio of 14.3x. Average forward P/E is 11x in the Machinery industry in Canada. Total returns to shareholders of 164% over the past three years. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: CA$0.015 (vs CA$0.007 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.015 (up from CA$0.007 in 3Q 2023). Revenue: CA$30.5m (up 12% from 3Q 2023). Net income: CA$1.99m (up 111% from 3Q 2023). Profit margin: 6.5% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$1.20, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 11x in the Machinery industry in Canada. Total returns to shareholders of 216% over the past three years. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CA$0.018 (vs CA$0.008 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.018 (up from CA$0.008 in 2Q 2023). Revenue: CA$34.4m (up 46% from 2Q 2023). Net income: CA$2.51m (up 138% from 2Q 2023). Profit margin: 7.3% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Jun 28
President & CEO exercised options to buy CA$305k worth of stock. On the 24th of June, Brett Newton exercised options to buy 350k shares at a strike price of around CA$0.32, costing a total of CA$112k. This transaction amounted to 116% of their direct individual holding at the time of the trade. Since September 2023, Brett has owned 303.03k shares directly. Company insiders have collectively bought CA$140k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Jun 25
Independent Director exercised options to buy CA$273k worth of stock. On the 17th of June, Robert Marshall exercised options to buy 300k shares at a strike price of around CA$0.23, costing a total of CA$69k. This transaction amounted to 46,083% of their direct individual holding at the time of the trade. Since December 2023, Robert has owned 651.00 shares directly. Company insiders have collectively bought CA$28k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jun 20
Tornado Global Hydrovacs Ltd., Annual General Meeting, Aug 21, 2024 Tornado Global Hydrovacs Ltd., Annual General Meeting, Aug 21, 2024. Announcement • May 24
Tornado Global Hydrovacs Ltd. Provides Earnings and Production Guidance for the Remainder of 2024 Tornado Global Hydrovacs Ltd. provided earnings and production guidance for the remainder of 2024. The company expects the Company’s production and sales of hydrovac trucks and profitability to continue to grow in the remainder of 2024 for the following reasons: Expected continued spending on infrastructure in North America. The continuing addition of new and innovative products to its product lines that will support the infrastructure, telecommunications and oil and gas industries. The anticipated increasing revenues and benefits from the Supply Contract with Ditch Witch. The anticipated increasing revenues and benefits from the exclusive sales arrangement with its US strategic partner, Custom Truck, that the Company entered into in 2019. The Company’s commitment to continuous improvement of its hydrovac truck design which in the Company’s view will result in advantages over other hydrovac trucks currently offered in the market. The Company’s ability to continue to secure key manufacturing components, including chassis for customers, into future years through strategic relationships. The Company has strengthened its dealer relationships in both Canada and US to meet the expected demand increase. Expanded North American coverage for maintenance warranty and repair to serve customers better. Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CA$0.054 (vs CA$0.019 in FY 2022) Full year 2023 results: EPS: CA$0.054 (up from CA$0.019 in FY 2022). Revenue: CA$105.0m (up 76% from FY 2022). Net income: CA$7.34m (up 199% from FY 2022). Profit margin: 7.0% (up from 4.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 01
Chief Financial Officer recently sold CA$55k worth of stock On the 29th of January, Alastair Robertson sold around 110k shares on-market at roughly CA$0.50 per share. This transaction amounted to 28% 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 Alastair's only on-market trade for the last 12 months. Announcement • Nov 29
Tornado Global Hydrovacs Ltd. Provides Production and Sales Guidance for the Year 2023 and 2024 Tornado Global Hydrovacs Ltd. provided production and sales guidance for the year 2023 and 2024. The company expects production and sales of hydrovac trucks in North America to continue to grow in the remainder of 2023 and in 2024. Reported Earnings • Nov 26
Third quarter 2023 earnings released: EPS: CA$0.007 (vs CA$0.006 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.007 (up from CA$0.006 in 3Q 2022). Revenue: CA$27.1m (up 76% from 3Q 2022). Net income: CA$944.0k (up 13% from 3Q 2022). Profit margin: 3.5% (down from 5.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Tornado Global Hydrovacs Ltd., Annual General Meeting, Jan 09, 2024 Tornado Global Hydrovacs Ltd., Annual General Meeting, Jan 09, 2024. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Bob Marshall was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CA$0.008 (vs CA$0.004 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.008 (up from CA$0.004 in 2Q 2022). Revenue: CA$23.5m (up 75% from 2Q 2022). Net income: CA$1.05m (up 85% from 2Q 2022). Profit margin: 4.5% (up from 4.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: CA$0.006 (vs CA$0.004 in 1Q 2022) First quarter 2023 results: EPS: CA$0.006 (up from CA$0.004 in 1Q 2022). Revenue: CA$21.1m (up 112% from 1Q 2022). Net income: CA$785.0k (up 66% from 1Q 2022). Profit margin: 3.7% (down from 4.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 20
Full year 2022 earnings released: EPS: CA$0.019 (vs CA$0.025 loss in FY 2021) Full year 2022 results: EPS: CA$0.019 (up from CA$0.025 loss in FY 2021). Revenue: CA$59.5m (up 81% from FY 2021). Net income: CA$2.46m (up CA$5.67m from FY 2021). Profit margin: 4.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Canada. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Nov 27
Corporate Secretary & Director exercised options to buy CA$312k worth of stock. On the 21st of November, George Tai exercised options to buy 650k shares at a strike price of around CA$0.11, costing a total of CA$72k. This transaction amounted to 469% of their direct individual holding at the time of the trade. Since September 2022, George has owned 138.67k shares directly. Company insiders have collectively sold CA$167k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: CA$0.006 (vs CA$0.005 loss in 3Q 2021) Third quarter 2022 results: EPS: CA$0.006 (up from CA$0.005 loss in 3Q 2021). Revenue: CA$15.4m (up 85% from 3Q 2021). Net income: CA$836.0k (up CA$1.49m from 3Q 2021). Profit margin: 5.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Announcement • Sep 30
Tornado Global Hydrovacs Ltd., Annual General Meeting, Dec 01, 2022 Tornado Global Hydrovacs Ltd., Annual General Meeting, Dec 01, 2022. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CA$0.004 (vs CA$0.001 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.004 (up from CA$0.001 loss in 2Q 2021). Revenue: CA$13.4m (up 90% from 2Q 2021). Net income: CA$570.0k (up CA$654.0k from 2Q 2021). Profit margin: 4.2% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Jul 22
Independent Non-Executive Chairman exercised options and sold CA$72k worth of stock On the 14th of July, Kenneth Nelson exercised 650.00k options at around CA$0.11, then sold 325k of the shares acquired at an average of CA$0.33 per share and kept the remainder. Since December 2021, Kenneth's direct individual holding has increased from 4.89m shares to 5.42m. Company insiders have collectively sold CA$147k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jul 15
Independent Non-Executive Chairman recently sold CA$142k worth of stock On the 7th of July, Kenneth Nelson sold around 248k shares on-market at roughly CA$0.57 per share. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months. Reported Earnings • Apr 29
Full year 2021 earnings released: CA$0.025 loss per share (vs CA$0.005 loss in FY 2020) Full year 2021 results: CA$0.025 loss per share (down from CA$0.005 loss in FY 2020). Revenue: CA$32.9m (up 5.9% from FY 2020). Net loss: CA$3.22m (loss widened 382% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bob Marshall was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bob Marshall was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 20
Third quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.003 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CA$8.34m (down 18% from 3Q 2020). Net loss: CA$651.0k (down 287% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 21
Second quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.001 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CA$7.06m (up 13% from 2Q 2020). Net loss: CA$84.0k (down 166% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 21
First quarter 2021 earnings released: EPS CA$0.003 (vs CA$0.001 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$7.97m (down 41% from 1Q 2020). Net income: CA$361.0k (up CA$470.0k from 1Q 2020). Profit margin: 4.5% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 03
Full year 2020 earnings released: CA$0.005 loss per share (vs CA$0.013 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CA$31.0m (down 49% from FY 2019). Net loss: CA$667.0k (loss narrowed 59% from FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 30
Tornado Global Hydrovacs Ltd. Provides Earnings Guidance for 2021 Tornado Global Hydrovacs Ltd. provided earnings guidance for 2021. For the period the company announced that as a result of uncertainty over the duration of business disruptions as a result of COVID-19, management expects that the company’s consolidated financial results in 2021, including its financial performance and liquidity, may be negatively impacted. Is New 90 Day High Low • Mar 03
New 90-day high: CA$0.25 The company is up 35% from its price of CA$0.18 on 01 December 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 33% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: CA$0.20 The company is up 14% from its price of CA$0.18 on 09 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 46% over the same period.