New Risk • May 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 170% This is considered a major 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 Interest payments are not well covered by earnings (1.5x net interest cover). Shareholders have been substantially diluted in the past year (170% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$18.2m market cap). Reported Earnings • May 14
Third quarter 2026 earnings released: US$0.43 loss per share (vs US$0.25 profit in 3Q 2025) Third quarter 2026 results: US$0.43 loss per share (down from US$0.25 profit in 3Q 2025). Revenue: US$14.4m (up 16% from 3Q 2025). Net loss: US$765.0k (down 274% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Apr 07
Co-CEO & Director exercised options to buy US$100k worth of stock. On the 1st of April, Daniel Philp exercised options to buy 25k shares at a strike price of around US$4.05, costing a total of US$100k. This transaction amounted to 41% of their direct individual holding at the time of the trade. Since September 2025, Daniel's direct individual holding has increased from 59.07k shares to 60.50k. Company insiders have collectively bought US$134k more than they sold, via options and on-market transactions, in the last 12 months. Annonce • Apr 03
Bloomia Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $15.499998 million. Bloomia Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $15.499998 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,827,160
Price\Range: $4.05
Discount Per Security: $0.05
Transaction Features: Rights Offering Annonce • Feb 18
Bloomia Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $15.499998 million. Bloomia Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $15.499998 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,827,160
Price\Range: $4.05
Discount Per Security: $0.05
Transaction Features: Rights Offering New Risk • Feb 03
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 16% 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 Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (US$9.29m market cap). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to US$4.71, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 14x in the Media industry in the US. Total loss to shareholders of 49% over the past three years. Annonce • Jan 23
Lendway, Inc. has filed a Follow-on Equity Offering in the amount of $15.5 million. Lendway, Inc. has filed a Follow-on Equity Offering in the amount of $15.5 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$4.19, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 15x in the Media industry in the US. Total loss to shareholders of 51% over the past three years. Reported Earnings • Nov 12
First quarter 2026 earnings released: US$1.61 loss per share (vs US$0.67 loss in 1Q 2025) First quarter 2026 results: US$1.61 loss per share (further deteriorated from US$0.67 loss in 1Q 2025). Revenue: US$5.15m (down 22% from 1Q 2025). Net loss: US$2.85m (loss widened 140% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Nov 05
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 American stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Market cap is less than US$10m (US$7.34m market cap). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$5.10, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 16x in the Media industry in the US. Total loss to shareholders of 14% over the past three years. Reported Earnings • Sep 03
Full year 2025 earnings released: EPS: US$1.65 (vs US$2.34 loss in FY 2024) Full year 2025 results: EPS: US$1.65 (up from US$2.34 loss in FY 2024). Revenue: US$71.2m (up 187% from FY 2024). Net income: US$2.93m (up US$7.04m from FY 2024). Profit margin: 4.1% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Aug 20
Lendway, Inc., Annual General Meeting, Nov 19, 2025 Lendway, Inc., Annual General Meeting, Nov 19, 2025. Annonce • Nov 15
Lendway, Inc. announced delayed 10-Q filing On 11/14/2024, Lendway, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • Aug 19
Lendway, Inc. Provides Revenue Guidance for the Second Half of 2024 Lendway, Inc. provided revenue guidance for the second half of 2024. Due to the seasonality of Bloomia business, revenue is expected to decline in the second half of the year. Annonce • Aug 16
Lendway, Inc. announced delayed 10-Q filing On 08/15/2024, Lendway, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Aug 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Chad Johnson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 06
Lendway, Inc., Annual General Meeting, Jul 16, 2024 Lendway, Inc., Annual General Meeting, Jul 16, 2024. Location: 5000 west 36, minnesota, minneapolis United States Annonce • May 17
Lendway, Inc. announced delayed 10-Q filing On 05/15/2024, Lendway, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. New Risk • Apr 02
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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 Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$10.8m market cap). New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.83m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 16
Third quarter 2023 earnings released: US$0.85 loss per share (vs US$6.57 profit in 3Q 2022) Third quarter 2023 results: US$0.85 loss per share (down from US$6.57 profit in 3Q 2022). Net loss: US$1.51m (down 113% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Sep 09
Lendway, Inc. Announces Resignation of Loren A. Unterseher from Board, Effective on September 30, 2023 On September 5, 2023, the Board of Directors of Lendway, Inc. announced resignation of Loren A. Unterseher from the Board effective as of September 30, 2023. New Risk • Aug 25
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 American stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$7.28m market cap). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. New Risk • Aug 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.89m 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 (US$9.89m market cap). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$0.02 loss per share (vs US$0.61 loss in 2Q 2022) Second quarter 2023 results: US$0.02 loss per share (improved from US$0.61 loss in 2Q 2022). Revenue: US$6.21m (up 91% from 2Q 2022). Net loss: US$36.0k (loss narrowed 97% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Annonce • Aug 11
Lendway, Inc. Provides Earnings Guidance for the Year 2023 Lendway, Inc. provided earnings guidance for the year 2023. The company anticipates minimal revenue and to have losses from continuing operations for the remainder of the year. Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Matthew Kelly was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Aug 01
Insignia Systems, Inc. Announces Board Appointments Insignia Systems, Inc. at its Annual Meeting of Shareholder held on July 27, 2023, approved the appointment of Mary H. Herfurth and Matthew R. Kelly as directors of the company for a term of one year, or until their respective successor is elected. Annonce • Jun 27
Insignia Systems, Inc., Annual General Meeting, Jul 27, 2023 Insignia Systems, Inc., Annual General Meeting, Jul 27, 2023, at 09:00 Central Standard Time. Location: Colonial Warehouse, 212 Third Avenue North, Minneapolis, Minnesota Minnesota United States Agenda: To elect seven nominees named in proxy statement to serve as directors; to approve, by a non-binding vote, the company’s executive compensation; to ratify the appointment of baker tilly us, llp as the independent registered public accounting firm for the year ending december 31, 2023; to adopt the asset purchase agreement, dated as of may 24, 2023, by and between the company and timibo llc (the buyer), an affiliate of park printing, inc; to approve the reincorporation of the company from minnesota to delaware; to approve the adoption of an exclusive forum provision in the company’s delaware bylaws; to approve adoption of an officer exculpation provision in the delaware certificate of incorporation; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Annonce • May 26
TIMIBO LLC entered into a asset purchase agreement to acquire In-store marketing business from Insignia Systems, Inc. (NasdaqCM:ISIG). TIMIBO LLC entered into a asset purchase agreement to acquire In-store marketing business from Insignia Systems, Inc. (NasdaqCM:ISIG) for $3.5 million on May 24, 2023. The buyer and seller are entitled to pay the termination fee of $0.175 million in case of termination. Additionally, Insignia has agreed to reimburse Buyer for up to $0.1 million for actual out-of-pocket expenses and fees paid or payable. The transaction was unanimously approved by the board of directors of buyer and seller. The transaction is subjected to the seller's shareholder approval. The transaction is expected to close on or around July-August 2023. Jeffrey Saunders of Cozen O'Connor acted as legal advisor to TIMIBO LLC. W. Morgan Burns and Joshua L. Colburn of Faegre Drinker Biddle & Reath LLP acted as legal advisor to Insignia Systems. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$0.92 (vs US$0.035 in 1Q 2022) First quarter 2023 results: EPS: US$0.92 (up from US$0.035 in 1Q 2022). Revenue: US$12.8m (up 109% from 1Q 2022). Net income: US$1.65m (up US$1.59m from 1Q 2022). Profit margin: 13% (up from 1.0% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Annonce • May 10
Insignia Systems, Inc. Provides Earnings Guidance for the Year 2023 Insignia Systems, Inc. provided earnings guidance for the year 2023. The company is anticipating losses in theremaining quarters of the year and a loss for the full year. Reported Earnings • Mar 07
Full year 2022 earnings released: EPS: US$5.61 (vs US$2.01 loss in FY 2021) Full year 2022 results: EPS: US$5.61 (up from US$2.01 loss in FY 2021). Revenue: US$18.8m (down 3.6% from FY 2021). Net income: US$10.0m (up US$13.6m from FY 2021). Profit margin: 53% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 08
Insider recently bought US$361k worth of stock On the 7th of December, David Lazar bought around 40k shares on-market at roughly US$9.03 per share. This transaction amounted to 30% 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 US$975k more in shares than they have sold in the last 12 months. Annonce • Dec 02
Insignia Systems, Inc. Announces Board Changes On November 25, 2022, Insignia Systems, Inc. increased the size of the Board of Directors of the Company to a total of 7 directors and elected Mark Jundt and Daniel Philp to fill the vacancies created by the increase in the size of the Board, effective immediately. Mr. Jundt and Mr. Philp will each serve until the Company’s next annual meeting of shareholders or until their respective successor is duly elected and qualified. Mr. Jundt has served as General Counsel and Secretary at Air T, Inc. since May 2018. Previously, he served as Principal Legal Counsel at CHS Inc. from 2012 to May 2018. Mr. Philp has served as Senior Vice President of Corporate Development at Air T, Inc. since 2014. Air T, Inc. is a member of a group of shareholders that beneficially owns approximately 39.2% of the Company’s outstanding common stock. The Board has determined that each of Mr. Jundt and Mr. Philp are “independent directors” as that term is defined in the rules of the Nasdaq Stock Market. There are no arrangements or understandings between Mr. Jundt or Mr. Philp and any other persons pursuant to which Mr. Jundt or Mr. Philp were elected as directors of the Company. Mr. Jundt and Mr. Philp’s compensation is expected to be consistent with the compensation policies applicable to the Company’s other non-employee directors. Recent Insider Transactions • Nov 27
Insider recently bought US$334k worth of stock On the 23rd of November, David Lazar bought around 44k shares on-market at roughly US$7.63 per share. This transaction amounted to 48% 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 US$614k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$6.57 (vs US$0.52 loss in 3Q 2021) Third quarter 2022 results: EPS: US$6.57 (up from US$0.52 loss in 3Q 2021). Revenue: US$4.87m (up 39% from 3Q 2021). Net income: US$11.8m (up US$12.7m from 3Q 2021). 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 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2022 earnings released: US$0.61 loss per share (vs US$0.51 loss in 2Q 2021) Second quarter 2022 results: US$0.61 loss per share (down from US$0.51 loss in 2Q 2021). Revenue: US$3.25m (down 47% from 2Q 2021). Net loss: US$1.08m (loss widened 21% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: US$0.035 (vs US$0.42 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.035 (up from US$0.42 loss in 1Q 2021). Revenue: US$6.15m (up 14% from 1Q 2021). Net income: US$62.0k (up US$799.0k from 1Q 2021). Profit margin: 1.0% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Apr 20
Insignia Systems, Inc., Annual General Meeting, Jun 02, 2022 Insignia Systems, Inc., Annual General Meeting, Jun 02, 2022, at 09:00 Central Standard Time. Location: Colonial Warehouse, 212 Third Avenue North Minneapolis Minnesota United States Agenda: To consider to elect five nominees named in our proxy statement to serve as directors; to approve, by a non-binding vote, the company’s executive compensation; to ratify the appointment of baker tilly us, llp as the independent registered public accounting firm for the year ending December 31, 2022; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$2.01 loss per share (up from US$2.66 loss in FY 2020). Revenue: US$19.5m (up 12% from FY 2020). Net loss: US$3.53m (loss narrowed 23% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • Aug 14
Insignia Systems, Inc. announced delayed 10-Q filing On 08/13/2021, Insignia Systems, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • May 09
First quarter 2021 earnings released: US$0.38 loss per share (vs US$0.50 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$5.42m (up 16% from 1Q 2020). Net loss: US$659.0k (loss narrowed 24% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 12
Full year 2020 earnings released: US$2.48 loss per share (vs US$2.94 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$17.7m (down 20% from FY 2019). Net loss: US$4.30m (loss narrowed 14% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 98% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 05
New 90-day high: US$7.31 The company is up 1,078% from its price of US$0.62 on 06 October 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 14% over the same period. Annonce • Dec 06
Insignia Systems, Inc. Announces Resignation of Jeffrey A. Jagerson as Chief Financial Officer Insignia Systems, Inc. announced on December 3, 2020, Jeffrey A. Jagerson, Chief Financial Officer and Treasurer, notified that he expects to resign his employment with company on or about January 8, 2021 to accept another position. Reported Earnings • Nov 13
Third quarter 2020 earnings released: US$0.065 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$4.49m (down 3.5% from 3Q 2019). Net loss: US$794.0k (loss narrowed 19% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 22
New 90-day high: US$1.75 The company is up 114% from its price of US$0.82 on 24 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 3.0% over the same period.