Ankündigung • Jan 03
Pluribus Technologies Corp. COM to Be Deleted from OTC Equity Pluribus Technologies Corp. COM (Canada) will be deleted from OTC Equity effective January 03, 2025, due to Inactive Security. Reported Earnings • Nov 30
Third quarter 2024 earnings released: CA$0.17 loss per share (vs CA$0.14 loss in 3Q 2023) Third quarter 2024 results: CA$0.17 loss per share (further deteriorated from CA$0.14 loss in 3Q 2023). Revenue: CA$4.46m (down 51% from 3Q 2023). Net loss: CA$2.67m (loss widened 18% from 3Q 2023). Ankündigung • Oct 25
Pluribus Technologies Corp. Announces CFO Changes, Effective December 21, 2024 Pluribus Technologies Corp. announced that Nancy Fahy has resigned as the Chief Financial Officer of the Company, effective December 21,
2024, to pursue other career opportunities. Ms. Fahy will continue to serve as Chief Financial Officer until her departure. The Company thanks Ms. Fahy for her service and wishes her continued success in her future endeavors. Ankündigung • Oct 12
Pluribus Technologies Corp. Announces the Retirement of Bill Kostenko from the Board of Directors Pluribus Technologies Corp. also announced the retirement of Mr. Bill Kostenko and that he is stepping down from the board of directors of the Company. At this time the Company has not replaced Mr. Kostenko and will look for a suitable replacement in the future. Reported Earnings • Aug 31
Second quarter 2024 earnings released: CA$0.26 loss per share (vs CA$0.14 loss in 2Q 2023) Second quarter 2024 results: CA$0.26 loss per share (further deteriorated from CA$0.14 loss in 2Q 2023). Revenue: CA$5.00m (down 45% from 2Q 2023). Net loss: CA$4.06m (loss widened 91% from 2Q 2023). Reported Earnings • Jun 04
First quarter 2024 earnings released: CA$0.11 loss per share (vs CA$0.11 loss in 1Q 2023) First quarter 2024 results: CA$0.11 loss per share (further deteriorated from CA$0.11 loss in 1Q 2023). Revenue: CA$9.54m (up 3.1% from 1Q 2023). Net loss: CA$1.81m (loss widened 3.8% from 1Q 2023). Ankündigung • May 30
Pluribus Technologies Corp. to Report Q1, 2024 Results on May 30, 2024 Pluribus Technologies Corp. announced that they will report Q1, 2024 results After-Market on May 30, 2024 Reported Earnings • Apr 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CA$0.99 loss per share (further deteriorated from CA$0.56 loss in FY 2022). Revenue: CA$36.8m (down 3.5% from FY 2022). Net loss: CA$15.7m (loss widened 78% from FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 105%. Ankündigung • Apr 28
Pluribus Technologies Corp. to Report Q4, 2023 Results on Apr 29, 2024 Pluribus Technologies Corp. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2024 Reported Earnings • Dec 01
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: CA$0.14 loss per share (further deteriorated from CA$0.12 loss in 3Q 2022). Revenue: CA$9.17m (down 15% from 3Q 2022). Net loss: CA$2.26m (loss widened 19% from 3Q 2022). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Capital Markets industry in Canada. New Risk • Nov 30
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 Canadian stocks, typically moving 18% 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 (18% average weekly change). Market cap is less than US$10m (CA$5.22m market cap, or US$3.84m). Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$3.7m net loss next year). Ankündigung • Nov 28
Pluribus Technologies Corp. to Report Q3, 2023 Results on Nov 29, 2023 Pluribus Technologies Corp. announced that they will report Q3, 2023 results After-Market on Nov 29, 2023 Ankündigung • Oct 08
Pluribus Technologies Corp. Announces Board Changes Pluribus Technologies Corp. announced the appointment of Bill Kostenko as an independent director to its board of directors (the "Board") and the resignation of Elmer Kim due to personal reasons. Mr. Kostenko, who previously served as chairman at Pluribus when it was founded, will now resume as the chair of the board, replacing Mr. Kim. With over 30 years of experience in investment, advisory, and operational roles across multiple industries, Mr. Kostenko's focus of his professional career has evolved to collaborating with expert teams to lead investments and oversee company acquisitions and growth in the US and Canada. Having held esteemed positions such as CFO and CEO in prominent companies, Mr. Bill Kostenko has garnered extensive experience and expertise. His central focus remains to identify exceptional companies and teams to collaborate with, driving the development and sustainability of long-term, thriving businesses. Ankündigung • Sep 28
POWR, a Pluribus Technologies Company Launches POWR One on Product Hunt POWR has announced the launch of its full suite of conversion apps, POWR One, on the tech product-enthusiast website, Product Hunt. POWR One is a comprehensive platform offering over 60 powerful tools to manage website and customer interaction seamlessly. The suite includes Contact Forms, Discount Popups, PayPal Buttons, Instagram Feeds, and many other tools that cater to eCommerce merchants, startups, and small business owners. With POWR One, there's no need to download and install individual apps as all the conversion tools are available on a single platform. This ensures that development time is quick, and don't have to spend on hiring a web developer. The platform ensures lightning-fast website loading times, delivering an exceptional user experience. It optimizes site performance and enhances customer satisfaction, increasing referrals and user acquisition with higher annual contract value. Reported Earnings • Sep 03
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: CA$0.14 loss per share (improved from CA$0.17 loss in 2Q 2022). Revenue: CA$9.12m (down 4.8% from 2Q 2022). Net loss: CA$2.13m (loss narrowed 20% from 2Q 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Capital Markets industry in Canada. Major Estimate Revision • Sep 01
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CA$39.8m to CA$39.2m. Losses expected to increase from CA$0.28 per share to CA$0.37. Capital Markets industry in Canada expected to see average net income decline 0.1% next year. Consensus price target down from CA$2.73 to CA$1.40. Share price fell 11% to CA$0.80 over the past week. Ankündigung • Aug 26
Pluribus Technologies Corp. to Report Q2, 2023 Results on Aug 29, 2023 Pluribus Technologies Corp. announced that they will report Q2, 2023 results After-Market on Aug 29, 2023 Recent Insider Transactions • Jul 09
Independent Director recently bought CA$2.0m worth of stock On the 6th of July, David Coombs bought around 26k shares on-market at roughly CA$78.95 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.4m more in shares than they have sold in the last 12 months. New Risk • Jun 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.7m (US$9.58m) 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 Risk Market cap is less than US$10m (CA$12.7m market cap, or US$9.58m). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$3.4m net loss next year). Share price has been volatile over the past 3 months (15% average weekly change). Ankündigung • Jun 02
Pluribus Technologies Corp. Announces Chief Financial Officer Changes Pluribus Technologies Corp. announced the appointment of Nancy Fahy as Chief Financial Officer. The Company's former CFO Mr. Simon Giannakis will transition his role to oversee the Company's M&A function. Nancy Fahy will join the executive leadership team of Pluribus, reporting to Richard Adair, CEO. She is a seasoned finance professional with over 15 years of leadership experience at Ernst & Young LLP (EY). Most recently, Nancy was an Associate Partner in M&A, leading financial due diligence engagements for large private equity clients across several sectors, including technology, aviation and consumer products. She has extensive M&A experience across North America and Europe, having worked in EY's London UK office for five years. Nancy began her career in the EY audit practice in Toronto. She holds a Master of Management and Professional Accounting from the University of Toronto and a B.A.H from Queen's University. Ankündigung • May 26
Pluribus Technologies Corp. to Report Q1, 2023 Results on May 29, 2023 Pluribus Technologies Corp. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 29, 2023 Ankündigung • May 06
Pluribus Technologies Corp., Annual General Meeting, Jun 28, 2023 Pluribus Technologies Corp., Annual General Meeting, Jun 28, 2023. Reported Earnings • May 03
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: CA$0.56 loss per share (improved from CA$3.83 loss in FY 2021). Revenue: CA$38.1m (up 105% from FY 2021). Net loss: CA$8.81m (loss narrowed 58% from FY 2021). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Canada are expected to remain flat. Major Estimate Revision • Nov 29
Consensus EPS estimates fall by 37% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$40.7m to CA$39.5m. Losses expected to increase from CA$0.47 per share to CA$0.65. Capital Markets industry in Canada expected to see average net income decline 12% next year. Consensus price target down from CA$4.83 to CA$3.62. Share price fell 6.3% to CA$1.80 over the past week. Reported Earnings • Nov 24
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: CA$0.12 loss per share (improved from CA$3.13 loss in 3Q 2021). Revenue: CA$10.7m (up 66% from 3Q 2021). Net loss: CA$1.91m (loss narrowed 36% from 3Q 2021). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 136%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 19% decline forecast for the Capital Markets industry in Canada. Ankündigung • Nov 19
Pluribus Technologies Corp. to Report Q3, 2022 Results on Nov 22, 2022 Pluribus Technologies Corp. announced that they will report Q3, 2022 results After-Market on Nov 22, 2022 Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Jim Dunbar is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 02
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: CA$0.17 loss per share (up from CA$3.13 loss in 2Q 2021). Revenue: CA$9.58m (up 48% from 2Q 2021). Net loss: CA$2.67m (loss narrowed 11% from 2Q 2021). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 771%. Over the next year, revenue is forecast to grow 36% compared to a 1.9% decline forecast for the Capital Markets industry in Canada. Recent Insider Transactions • Aug 27
Insider recently sold CA$399k worth of stock On the 18th of August, Kurt Tiltack sold around 147k shares on-market at roughly CA$2.70 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$639k more than they bought in the last 12 months. Ankündigung • Aug 18
Pluribus Technologies Corp. to Report Q2, 2022 Results on Aug 29, 2022 Pluribus Technologies Corp. announced that they will report Q2, 2022 results After-Market on Aug 29, 2022 Recent Insider Transactions • Jul 29
Insider recently sold CA$240k worth of stock On the 25th of July, Kurt Tiltack sold around 100k shares on-market at roughly CA$2.40 per share. 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. Reported Earnings • Jun 02
First quarter 2022 earnings released: CA$0.29 loss per share (vs CA$0.28 loss in 1Q 2021) First quarter 2022 results: CA$0.29 loss per share (down from CA$0.28 loss in 1Q 2021). Revenue: CA$8.50m (up 295% from 1Q 2021). Net loss: CA$4.31m (loss widened 140% from 1Q 2021). Ankündigung • Jun 02
Pluribus Technologies Corp. announced that it has received $0.6175 million in funding On June 1, 2022, Pluribus Technologies Corp. closed the transaction. The transaction included participation from 1 investor. Ankündigung • May 31
Pluribus Technologies Corp. (TSXV:PLRB) acquired Rowanwood Professional Services Limited. Pluribus Technologies Corp. (TSXV:PLRB) acquired Rowanwood Professional Services Limited on May 30, 2022. Pluribus will pay RPSL an aggregate of approximately £3.6 million in cash, as well as an earn-out based on the achievement of future performance targets by Rowanwood. The price paid for the acquisition falls within Pluribus' historical target range for Adjusted EBITDA1 and the acquisition is expected to be immediately accretive. Andy Rendell, the Managing Director of Rowanwood, will remain involved in Rowanwood post-acquisition to ensure a smooth integration into the Pluribus portfolio of companies.
Pluribus Technologies Corp. (TSXV:PLRB) completed the acquisition of Rowanwood Professional Services Limited on May 30, 2022. Ankündigung • May 25
Pluribus Technologies Corp. to Report Q1, 2022 Results on May 30, 2022 Pluribus Technologies Corp. announced that they will report Q1, 2022 results After-Market on May 30, 2022 Ankündigung • May 18
Pluribus Technologies Corp. (TSXV:PLRB) completed the acquisition of Tortal Training Inc. for approximately $1.9 million. Pluribus Technologies Corp. (TSXV:PLRB) entered into a Share Purchase Agreement to acquire Tortal Training Inc. for approximately $1.9 million on May 16, 2022. Pursuant to the terms of the Share Purchase Agreement, the Company has agreed to pay the current shareholders of Tortal an aggregate of approximately US$1.4 million in cash and issue 175,926 common shares of the Company for a total purchase price of approximately US$1.9 million. In addition, the current Tortal shareholders will be entitled to an earn-out based on the achievement of future performance targets by Tortal. The price paid for the acquisition falls within Pluribus’ historical target range for Adjusted EBITDA1 and the acquisition is expected to be immediately accretive. Evan Hackel, the CEO of Tortal, e will remain involved in Tortal post-acquisition to ensure a smooth integration into the Pluribus portfolio of companies.
Pluribus Technologies Corp. (TSXV:PLRB) completed the acquisition of Tortal Training Inc. on May 17, 2022. Board Change • Apr 27
No independent 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. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Ankündigung • Apr 09
Pluribus Technologies Corp., Annual General Meeting, Jun 08, 2022 Pluribus Technologies Corp., Annual General Meeting, Jun 08, 2022. Ankündigung • Feb 24
Pluribus Technologies Corp. Integrates eLearning Acquisitions Under The Learning Network Banner Pluribus Technologies Corp. announced that it has created The Learning Network ("TLN"), which integrates five of the Company's acquisitions in the eLearning vertical under a single leadership team and offers each portfolio company access to a range of shared services including sales, marketing and administrative support. Since March 2019, Pluribus has acquired multiple companies in the eLearning vertical: The Learning Network – leading provider of continuing education for the accounting world; LogicBay – technology-enabled Partner Relationship Management and ecosystem solutions that enable organizations to build, scale, and optimize their sales channel; SkilSure – competency-based, cost-effective training solutions including apprenticeship e-portfolios, management of ongoing employee competencies and customizable eLearning platforms; ICOM – bespoke learning solutions that engage learners while also driving business growth and performance; and Pathways – specializing in training and development, learning technologies and change management service. In parallel with the creation of The Learning Network, Pluribus has launched the www.learning.net website detailing the comprehensive eLearning solutions offering, as well as acting as a broader resource for those interested in obtaining additional information about the rapidly growing eLearning market. Ankündigung • Feb 02
Pluribus Technologies Corp. (TSXV:PLRB) acquired Veemo, Inc. for $3.5 million. Pluribus Technologies Corp. (TSXV:PLRB) entered into an agreement to acquire Veemo, Inc. for $3.5 million on January 31, 2022. Pursuant to the terms of the Share Purchase Agreement, the Company has agreed to pay the current shareholders of Social5 an aggregate of $3.525 million in cash less a holdback of $0.345 million. In addition, the current Social5 shareholders will be entitled to an earn-out based on the achievement of future performance targets. The price paid for the Acquisition falls within Pluribus’ historical target range for Adjusted EBITDA3 and the Acquisition is expected to be immediately accretive.
Pluribus Technologies Corp. (TSXV:PLRB) completed the acquisition of Veemo, Inc. on February 1, 2022. Ankündigung • Jan 30
Pluribus Technologies Corp. (TSXV: PLRB) completed the acquisition of Kesson Group. Pluribus Technologies Corp. (TSXV: PLRB) agreed to acquire Kesson Group for CAD 11.6 million on January 25, 2022. Pluribus Technologies has agreed to pay the current shareholders of the Kesson Group an aggregate of CAD 10,000,000 in cash and issue 320,439 common shares of the Company and 5,000 common share purchase warrants, with each warrant exercisable to acquire one common share of the Company until January, 2024. The Acquisition is subject to customary closing conditions including approval of the Acquisition by the TSXV and the other conditions and is expected to close on or about January 27, 2022.
Pluribus Technologies Corp. (TSXV: PLRB) completed the acquisition of Kesson Group on January 28, 2022