Ankündigung • Apr 03
Nogin, Inc. announced delayed annual 10-K filing On 04/02/2024, Nogin, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Ankündigung • Jan 24
Modified Disclosure Statement Approved for Nogin, Inc. The US Bankruptcy Court approved the modified disclosure statement of Nogin, Inc. on January 22, 2024. The debtor had filed its modified disclosure statement in the Court on January 22, 2024. January 16, 2024 has been fixed as voting record date. The deadline to vote on the plan iand the plan objection deadline is February 22, 2024. The confirmation hearing for the plan has been scheduled for February 29, 2024. Ankündigung • Dec 22
Nogin, Inc.(OTCPK:NOGN.Q) dropped from NASDAQ Composite Index Nogin, Inc. has been dropped from NASDAQ Composite Index. Ankündigung • Dec 15
Nogin, Inc.(NasdaqGM:NOGN) dropped from S&P TMI Index Nogin, Inc.(NasdaqGM:NOGN) dropped from S&P TMI Index Ankündigung • Nov 17
Nogin, Inc. announced delayed 10-Q filing On 11/15/2023, Nogin, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Ankündigung • Nov 04
Nogin, Inc. Announces Resignation of Hussain Baig as A Member of the Board and Member of Audit Committee and Compensation Committee Nogin, Inc. on October 30, 2023, Hussain Baig, a Class III director of the board of directors, resigned as a member of the Board and its Audit Committee and Compensation Committee, effective as of October 30, 2023. New Risk • Oct 19
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 American stocks, typically moving 15% 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 (15% average weekly change). Negative equity (-US$81m). Shareholders have been substantially diluted in the past year (233% increase in shares outstanding). Market cap is less than US$10m (US$3.92m market cap). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$46m). Ankündigung • Sep 09
Nogin, Inc. Receives Non-Compliance Letter from Nasdaq Related to Bid Price On September 5, 2023, Nogin, Inc. (the Company") received a written notice (the Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that, based on the closing bid price of the Company's common stock, par value $0.0001 per share (the Common Stock"), for the last 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the Minimum Bid Price Requirement"), and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the Minimum Bid Price Requirement exists if the deficiency continues for a period of 30 consecutive trading days. The Notice has no immediate effect on the listing of the Common Stock on The Nasdaq Global Market. Pursuant to the Nasdaq Listing Rules, the Company has been provided an initial compliance period of 180 calendar days to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Common Stock must be at least $1.00 per share for a minimum of 10 consecutive trading days prior to March 4, 2024, and the Company must otherwise satisfy The Nasdaq Global Market's requirements for listing. If the Company does not regain compliance by March 4, 2024, the Company may be eligible for an additional 180 calendar day compliance period if it elects (and meets the listing standards) to transfer to The Nasdaq Capital Market to take advantage of the additional compliance period offered on that market. To qualify, the Company would be required, among other things, to meet the continued listing requirement for market value of publicly held shares as well as all other standards for initial listing on The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and would need to provide written notice of its intention to cure the bid price deficiency during the second compliance period. If the Company does not regain compliance within the compliance period(s), including any extensions that may be granted by Nasdaq, the Common Stock will be subject to delisting. The Company intends to monitor the bid price of the Common Stock and consider available options to resolve the noncompliance with the Minimum Bid Price Requirement. There can be no assurance that the Company will be able to regain compliance with The Nasdaq Global Market's continued listing requirements or that Nasdaq will grant the Company a further extension of time to regain compliance, if applicable. The Notice is unrelated to the previously disclosed notice received by the Company from Nasdaq on July 10, 2023 regarding the Company's noncompliance with the market value of publicly held shares requirement for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(C). New Risk • Aug 17
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 American stocks, typically moving 15% 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 (15% average weekly change). Negative equity (-US$81m). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (US$7.87m market cap). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$46m). Reported Earnings • Aug 16
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: US$1.13 loss per share. Revenue: US$12.7m (down 37% from 2Q 2022). Net loss: US$11.8m (loss widened 7.9% from 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US. Ankündigung • Aug 09
Nogin, Inc. to Report Q2, 2023 Results on Aug 14, 2023 Nogin, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 14, 2023 New Risk • Aug 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.76m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$82m). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (US$9.76m market cap). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$45m). Share price has been volatile over the past 3 months (10% average weekly change). Ankündigung • Jul 16
Nogin Receives a Letter from the Listing Qualifications Department of the Nasdaq Stock Market On July 10, 2023, Nogin, Inc. received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that, for the last 30 consecutive business days prior to the date of the Letter, the Company’s Market Value of Publicly Held Shares (“MVPHS”) was below the $15 million minimum requirement for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(C) (the “Listing Rule”). The Letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company will have 180 calendar days, or until January 8, 2024 (the “Compliance Date”), to regain compliance with the Listing Rule. To regain compliance with the Listing Rule, the Company’s MVPHS must equal or exceed $15 million for a minimum of 10 consecutive business days at any time prior to the Compliance Date. If the Company regains compliance with the Listing Rule, Nasdaq will provide the Company with written confirmation and will close the matter. In the event that the Company does not regain compliance with the Listing Rule by the Compliance Date, it will receive written notification that its securities are subject to delisting. At that time, the Company may appeal the delisting determination to a Hearings Panel. The Company is monitoring its MVPHS and will consider its available options to regain compliance with the Listing Rule; however, there can be no assurance that the Company will be able to regain compliance with the Listing Rule. New Risk • Jun 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$45m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$45m free cash flow). Share price has been highly volatile over the past 3 months (48% average weekly change). Negative equity (-US$82m). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$24m net loss next year). Market cap is less than US$100m (US$14.9m market cap). Ankündigung • May 18
Nogin, Inc. Provides Earnings Guidance for the Full Year 2023 Nogin, Inc. provided earnings guidance for the full year 2023. For the year, the company expects the Net revenue between $70 million and $75 million. Reported Earnings • May 16
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: US$2.11 loss per share (improved from US$21.78 loss in 1Q 2022). Revenue: US$16.7m (down 34% from 1Q 2022). Net loss: US$9.90m (flat on 1Q 2022). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US. Ankündigung • May 10
Nogin, Inc. to Report Q1, 2023 Results on May 15, 2023 Nogin, Inc. announced that they will report Q1, 2023 results on May 15, 2023 Reported Earnings • Mar 25
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: US$1.08 loss per share (further deteriorated from US$0.007 loss in FY 2021). Revenue: US$94.5m (down 6.8% from FY 2021). Net loss: US$52.7m (loss widened US$52.7m from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in the US. Board Change • Mar 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Eileen Johnson 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. Ankündigung • Feb 15
Nogin, Inc. Announces Board Changes Nogin, Inc. announced that it has appointed Andrew Pancer as an independent director on its Board of Directors (the “Board”), effective immediately. Andrew Pancer is an accomplished digital advertising, ecommerce, and publishing executive with over 20 years of experience building and scaling financial operations. Pancer is currently a Founding Partner at Tyburnia Partners Limited, a firm that helps brands optimize their online presence and strategies to increase traffic, conversions, and sales on Amazon and other online marketplaces. He also serves as a Founding Partner at Big Red House Services Limited, providing executive level management, financial, and strategic consulting services to companies mostly within digital marketing and ecommerce. He has also served in several executive roles within the media, advertising technology, and ecommerce industries, including with MailOnline, Dstillery, The New York Times, Direct Revenue LLC, and About.com. In addition to Pancer’s appointment, Deborah Weinswig, a Class I Director of the Board and Chair of the Nominating and Corporate Governance Committee, resigned from the Board, effective as of February 13, 2023, due to other professional obligations requiring an increased time commitment. Ankündigung • Dec 14
Nogin Appoints Rupert Bonham-Carter as Chief Revenue Officer Nogin announced that it has named Rupert Bonham-Carter as Chief Revenue Officer. Bringing over 25 years of sales, management and technology experience to the role, Bonham-Carter will lead Nogin's go-to-market operations, driving sales and developing strategic relationships to accelerate the company's growth. Bonham-Carter was most recently the director of global sales and partnerships at Shopify, where he headed up global sales teams, led global business development, built Shopify's first sales development and systems integrator teams, and unified Shopify's agency programs. Throughout his career, Bonham-Carter has built winning business relationships and teams, serving in leadership roles at IBM, Klipfolio and Cognos. Ankündigung • Dec 07
Nogin Receives Written Notice from the Listing Qualifications Department of The Nasdaq Stock Market Regarding Minimum Bid Price Requirement On December 2, 2022, Nogin, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the last 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”), and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the Minimum Bid Price Requirement exists if the deficiency continues for a period of 30 consecutive trading days. The Notice has no immediate effect on the listing of the Common Stock on The Nasdaq Global Market. Pursuant to the Nasdaq Listing Rules, the Company has been provided an initial compliance period of 180 calendar days to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Common Stock must be at least $1.00 per share for a minimum of 10 consecutive trading days prior to May 31, 2023, and the Company must otherwise satisfy The Nasdaq Global Market’s requirements for listing. If the Company does not regain compliance by May 31, 2023, the Company may be eligible for an additional 180 calendar day compliance period if it elects (and meets the listing standards) to transfer to The Nasdaq Capital Market to take advantage of the additional compliance period offered on that market. To qualify, the Company would be required, among other things, to meet the continued listing requirement for market value of publicly held shares as well as all other standards for initial listing on The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and would need to provide written notice of its intention to cure the bid price deficiency during the second compliance period. If the Company does not regain compliance within the compliance period(s), including any extensions that may be granted by Nasdaq, the Common Stock will be subject to delisting. The Company intends to monitor the bid price of the Common Stock and consider available options to resolve the noncompliance with the Minimum Bid Price Requirement. There can be no assurance that the Company will be able to regain compliance with The Nasdaq Global Market’s continued listing requirements or that Nasdaq will grant the Company a further extension of time to regain compliance, if applicable. Ankündigung • Nov 17
Nogin, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2022 and 2023 Nogin, Inc. provided earnings guidance for the fourth quarter and full year 2022 and 2023. for the quarter, the company expects fourth quarter GAAP net loss to range between $4.5 million and $6.5 million.for the year 2022, the company expects Net revenue between $93 million and $96 million.For the year 2023, the company expects net revenue to range between $97 million and $100 million. The Company also expects net income to improve. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Founder, Co-CEO & Chairman of the Board Jan-Christopher Nugent was the last director to join 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 independent directors. Insufficient board refreshment. Ankündigung • Nov 08
Nogin, Inc. to Report Q3, 2022 Results on Nov 14, 2022 Nogin, Inc. announced that they will report Q3, 2022 results After-Market on Nov 14, 2022 Ankündigung • Oct 28
Nogin Unveils Vx of Intelligent Commerce, Commerce-as-a-Service Software Platform Nogin launched a new website unveiling the arrival of machine learning Customer Segmentation and Smart Sort merchandising capabilities to its Nogin Commerce Platform. With these new capabilities, leading direct to consumer (D2C) ecommerce brands will now have the ability to elevate customer experiences and maximize potential profits. As noted in a recent Insider Intelligence report, the 2022 holiday ecommerce season is expected to grow 15.5% to $236 billion over last year's season -- Nogin's enhanced technology helps brands take advantage of this growth by optimizing customer targeting to improve customer conversion, without added complexity. New Platform Features Drive Intelligent CommerceNogin's all-in-one, cloud-based CaaS platform is purpose-built for brands selling direct-to-consumer (DTC) and through online channel partners. The Nogin Commerce Platform contains the latest ecommerce technology innovation, delivering enterprise-scale results to smaller, growing brands. New features announced include: Machine L Learning Customer Segmentation: A robust customer ta platform (CDP) uses machine learning g optimized across Nogin's entire customer base to bring data insights that cannot be achieved alone by a smaller brand. Brands can automatically segment customers based on purchase history and behavior, allowing them to dynamically target offers to specific customer segments, export data to popular email service providers, and generate look alike audiences of their best customers. Customer segments are also automatically updated and segmentation algorithms self-learn to become more accurate over time. Smart Sort Merchandising: A dynamic merchandising system leverages machine learning to generate a high conversion-to-traffic ratio. With this feature, a brand's customers are able to select a smart sort option that dynamically rearranges the product selection according to the latest data so customers can see products that historically experience a high conversion to sales.