New Risk • Aug 16
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: -S$1.9m 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 (-S$1.9m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Market cap is less than US$10m (S$4.32m market cap, or US$3.38m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • May 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.7m (US$9.96m) 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Market cap is less than US$10m (S$12.7m market cap, or US$9.96m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (S$3.4m sold). Reported Earnings • Apr 14
Full year 2025 earnings released: S$0.032 loss per share (vs S$0.019 loss in FY 2024) Full year 2025 results: S$0.032 loss per share (further deteriorated from S$0.019 loss in FY 2024). Revenue: S$7.94m (down 16% from FY 2024). Net loss: S$1.37m (loss widened 69% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 127% per year, which means it is well ahead of earnings. Anuncio • Apr 08
Acma Ltd., Annual General Meeting, Apr 27, 2026 Acma Ltd., Annual General Meeting, Apr 27, 2026, at 09:00 Singapore Standard Time. Location: 19 jurong port road, singapore 619093, Singapore Recent Insider Transactions • Apr 07
Non-Independent Non-Executive Director recently sold S$763k worth of stock On the 2nd of April, Victor Levin sold around 2m shares on-market at roughly S$0.34 per share. This transaction amounted to 100% 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 S$2.1m more than they bought in the last 12 months. New Risk • Apr 01
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: S$751k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Market cap is less than US$10m (S$12.2m market cap, or US$9.49m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (S$751k sold). Reported Earnings • Mar 04
Full year 2025 earnings released: S$0.032 loss per share (vs S$0.019 loss in FY 2024) Full year 2025 results: S$0.032 loss per share (further deteriorated from S$0.019 loss in FY 2024). Revenue: S$8.00m (down 16% from FY 2024). Net loss: S$1.37m (loss widened 69% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (57% average weekly change). Market cap is less than US$10m (S$12.5m market cap, or US$9.81m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Recent Insider Transactions • Jan 25
Non-Independent Non-Executive Director recently sold S$71k worth of stock On the 22nd of January, Victor Levin sold around 300k shares on-market at roughly S$0.23 per share. This transaction amounted to 4.9% 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. New Risk • Jan 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$8.50m market cap, or US$6.60m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Anuncio • Jan 15
Acma Ltd. has completed a Follow-on Equity Offering in the amount of SGD 0.339128 million. Acma Ltd. has completed a Follow-on Equity Offering in the amount of SGD 0.339128 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,478,199
Price\Range: SGD 0.04
Transaction Features: Subsequent Direct Listing Anuncio • Dec 31
Acma Ltd. has filed a Follow-on Equity Offering in the amount of SGD 0.339128 million. Acma Ltd. has filed a Follow-on Equity Offering in the amount of SGD 0.339128 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,478,199
Price\Range: SGD 0.04
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 20
First half 2025 earnings released: S$0.017 loss per share (vs S$0.019 loss in 1H 2024) First half 2025 results: S$0.017 loss per share (improved from S$0.019 loss in 1H 2024). Revenue: S$3.63m (down 11% from 1H 2024). Net loss: S$715.0k (loss narrowed 11% from 1H 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2024 earnings released: S$0.019 loss per share (vs S$0.041 loss in FY 2023) Full year 2024 results: S$0.019 loss per share (improved from S$0.041 loss in FY 2023). Revenue: S$9.48m (down 15% from FY 2023). Net loss: S$811.0k (loss narrowed 54% from FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Anuncio • Apr 14
Acma Ltd., Annual General Meeting, Apr 29, 2025 Acma Ltd., Annual General Meeting, Apr 29, 2025, at 09:00 Singapore Standard Time. Location: 19 jurong port road, singapore 619093, Singapore Reported Earnings • Mar 03
Full year 2024 earnings released Full year 2024 results: Revenue: S$10.7m (down 3.7% from FY 2023). Net loss: S$811.0k (loss narrowed 54% from FY 2023). Reported Earnings • Aug 16
First half 2024 earnings released: S$0.024 loss per share (vs S$0.02 loss in 1H 2023) First half 2024 results: S$0.024 loss per share (further deteriorated from S$0.02 loss in 1H 2023). Revenue: S$4.56m (down 80% from 1H 2023). Net loss: S$1.01m (loss widened 18% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 25
Now 155% overvalued The stock has been flat over the last 90 days, currently trading at S$3.00. The fair value is estimated to be S$1.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has grown by 68%. Anuncio • Jul 11
Acma Ltd. Announces Board and Committee Changes Acma Ltd. appointed Mr. Joseph Foo Chee Hoe has been appointed as Lead independent director of the Board. Reconstitution of Audit and Risk Committee ("AC"), Nominating Committee("NC") and Remuneration Committee ("RC"): Audit and Risk Committee: Joseph Foo Chee Hoe (Chairman), Low Cheng Joo (Member), Yap Ching Heng Andrew (Member). Nominating Committee: Low Cheng Joo (Chairman), Yap Ching Heng Andrew (Member), Joseph Foo Chee Hoe (Member). Remuneration Committee: Yap Ching Heng Andrew (Chairman), Joseph Foo Chee Hoe (Member), Low Cheng Joo (Member). Anuncio • Jun 08
Acma Ltd. Announces Board and Committee Changes Acma Ltd. at its AGM to be held on 18 June 2024 proposed to note the retirement of Mr. Robert Low Mui Kiat, a Director retiring pursuant to Article 93 of the Company's Constitution, who will not be seeking for re-election and will retire as Director of the Company at the conclusion of the AGM. Upon Mr. Robert Low's retirement, he will relinquish his positions as the Lead Independent Director, Chairman of Audit and Risk Committee as well as member of the Nominating and Remuneration Committees of the Company; and to note the retirement of Mr. Tan Keng Lin, a Director retiring pursuant to Article 93 of the Company's Constitution, who will not be seeking for re-election and will retire as Director of the Company at the conclusion of the AGM. Upon Mr. Tan's retirement, he will relinquish his positions as the Chairman of Nominating Committee and member of the Audit and Risk Committee as well as Remuneration Committee of the Company. Anuncio • Jun 05
Acma Ltd., Annual General Meeting, Jun 18, 2024 Acma Ltd., Annual General Meeting, Jun 18, 2024, at 09:00 Singapore Standard Time. Location: 19 jurong port road, singapore 619093, Singapore New Risk • Mar 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$1.10m market cap, or US$820.0k). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Reported Earnings • Mar 02
Full year 2023 earnings released: S$0.083 loss per share (vs S$0.017 loss in FY 2022) Full year 2023 results: S$0.083 loss per share (further deteriorated from S$0.017 loss in FY 2022). Revenue: S$12.5m (down 76% from FY 2022). Net loss: S$3.50m (loss widened 387% from FY 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$1.19m market cap, or US$882.9k). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Board Change • Feb 20
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. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Joseph Foo 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. Board Change • Oct 05
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. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Joseph Foo 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. Board Change • Sep 02
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. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Joseph Foo 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 15
First half 2023 earnings released: S$0.02 loss per share (vs S$0.036 loss in 1H 2022) First half 2023 results: S$0.02 loss per share (improved from S$0.036 loss in 1H 2022). Revenue: S$22.6m (flat on 1H 2022). Net loss: S$858.0k (loss narrowed 43% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$2.39m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 16
Full year 2021 earnings released: S$0.074 loss per share (vs S$0.12 loss in FY 2020) Full year 2021 results: S$0.074 loss per share (up from S$0.12 loss in FY 2020). Revenue: S$55.1m (down 6.4% from FY 2020). Net loss: S$3.13m (loss narrowed 41% from FY 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: S$0.074 loss per share (up from S$0.12 loss in FY 2020). Revenue: S$57.3m (down 2.6% from FY 2020). Net loss: S$3.13m (loss narrowed 41% from FY 2020). Revenue missed analyst estimates by 25%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
First half 2021 earnings released: S$0.056 loss per share (vs S$0.052 loss in 1H 2020) The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2021 results: Revenue: S$28.6m (up 18% from 1H 2020). Net loss: S$2.39m (loss widened 9.3% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 19
Full year 2020 earnings released: S$0.12 loss per share (vs S$0.23 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: S$58.8m (down 35% from FY 2019). Net loss: S$5.28m (loss narrowed 46% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 03
Full year 2020 earnings released 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: S$62.7m (down 30% from FY 2019). Net loss: S$5.27m (loss narrowed 46% from FY 2019).