Board Change • Jun 22
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 25
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 16
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 30
Third quarter 2025 earnings released: CA$0.02 loss per share (vs CA$0.003 loss in 3Q 2024) Third quarter 2025 results: CA$0.02 loss per share (further deteriorated from CA$0.003 loss in 3Q 2024). Revenue: CA$812.3k (down 75% from 3Q 2024). Net loss: CA$1.69m (loss widened 428% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Board Change • Nov 04
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 26
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 07
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 07
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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 28
First quarter 2025 earnings released First quarter 2025 results: Revenue: CA$3.33m (up 255% from 1Q 2024). Net loss: CA$48.0k (loss narrowed 96% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • May 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 Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 20
Composite Alliance Group Inc., Annual General Meeting, Jul 16, 2025 Composite Alliance Group Inc., Annual General Meeting, Jul 16, 2025. Location: alberta, calgary Canada New Risk • May 08
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: -CA$1.4m 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 (-CA$1.4m free cash flow). Shares are highly illiquid. Negative equity (-CA$5.8m). Market cap is less than US$10m (CA$1.10m market cap, or US$792.2k). Board Change • Apr 28
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 06
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 09
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 29
Third quarter 2024 earnings released: CA$0.002 loss per share (vs CA$0.006 profit in 3Q 2023) Third quarter 2024 results: CA$0.002 loss per share (down from CA$0.006 profit in 3Q 2023). Revenue: CA$3.28m (flat on 3Q 2023). Net loss: CA$319.2k (down 151% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 40% per year. Board Change • Nov 14
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
Second quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.008 loss in 2Q 2023) Second quarter 2024 results: CA$0.01 loss per share (further deteriorated from CA$0.008 loss in 2Q 2023). Revenue: CA$1.66m (down 41% from 2Q 2023). Net loss: CA$1.03m (loss widened 17% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Board Change • Aug 08
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
First quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.002 loss in 1Q 2023) First quarter 2024 results: CA$0.01 loss per share (further deteriorated from CA$0.002 loss in 1Q 2023). Revenue: CA$939.3k (down 73% from 1Q 2023). Net loss: CA$1.09m (loss widened 409% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • May 01
Full year 2023 earnings released: CA$0.01 loss per share (vs CA$0.004 loss in FY 2022) Full year 2023 results: CA$0.01 loss per share (further deteriorated from CA$0.004 loss in FY 2022). Revenue: CA$14.4m (up 109% from FY 2022). Net loss: CA$812.6k (loss widened 92% from FY 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Apr 29
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 05
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Mar 14
Now 47% overvalued after recent price rise Over the last 90 days, the stock has risen 71% to CA$0.12. The fair value is estimated to be CA$0.082, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Mar 07
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Dec 10
Now 56% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CA$0.057, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.001 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.01 (up from CA$0.001 loss in 3Q 2022). Revenue: CA$3.27m (up 195% from 3Q 2022). Net income: CA$625.4k (up CA$727.4k from 3Q 2022). Profit margin: 19% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Nov 03
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Sep 09
Composite Alliance Group Inc., Annual General Meeting, Nov 08, 2023 Composite Alliance Group Inc., Annual General Meeting, Nov 08, 2023. Reported Earnings • Aug 31
Second quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.009 loss in 2Q 2022) Second quarter 2023 results: CA$0.02 loss per share. Revenue: CA$2.79m (up 368% from 2Q 2022). Net loss: CA$881.1k (loss narrowed 13% from 2Q 2022). Annuncio • Aug 30
Techni Modul Engineering S.A Announces Executive Changes Composite Alliance Group Inc. announced that Diana Assal has been appointed as Chief Executive Officer of Techni Modul Engineering S.A. (TME), a wholly owned subsidiary of the Company. Diana Assal, newly appointed CEO, comes from an engineering background, and she is a multi-disciplinary leader, and business developer (strategy, marketing, etc.). She is also skilled in business transformation, change, and project management, using Lean Six Sigma tools. She brings more than 25 years of experience in various positions in the following industries: pharmaceutical, aeronautics, medical diagnostic equipment sector, and metallurgical, working with major groups such as Sanofi, AstraZeneca, GlaxoSmithKline, Air France &KLM, and Danaher within Beckman Coulter in France. She holds a master's degree in management, specializing in sustainable development and is also a Master Black Belt in 6 sigma. The current CEO and Chairman of TME, Serge Luquain, will be transitioning to the sole role of Chairman of TME once Diana takes over the executive leadership of TME. Board Change • Aug 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jul 07
Composite Alliance Group Inc. Appoints Vishwa Mootooveeren as Chief Financial Officer Composite Alliance Group Inc. announced that, further to its news release dated May 17, 2023, subject to regulatory approval, Vishwa Mootooveeren has been appointed as Chief Financial Officer of the Company. Vishwa Mootooveeren is a finance and operations professional with 25 plus years experience in different industries. He is currently a consultant in the financial and fintech industry. Mr. Mootooveeren holds an MBA in Finance from USQ(Australia), a CPA CMA, and holds multiple certifications in strategic planning from MIT, Stanford Business School and Wharton Business School. Board Change • Jun 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • May 18
Composite Alliance Group Inc. Announces CFO Changes Composite Alliance Group Inc. announced that Roger Essome has resigned as Chief Financial Officer of the Company. The board of directors of CAG extends its gratitude to Mr. Essome for his contributions to the Company and wishes him success in his future endeavors. The Company also announced the appointment of Serge Luquain as Interim Chief Financial Officer of the Company. Mr. Luquain was appointed as Chief Technical Officer and elected as a director of CAG on January 24, 2019, and was appointed as President and Chief Executive Officer of the Company on August 5, 2022. The Company will announce the appointment of a new Chief Financial Officer as soon as one is retained. Reported Earnings • May 07
Full year 2022 earnings released Full year 2022 results: Revenue: CA$6.87m (up 17% from FY 2021). Net loss: CA$422.7k (loss widened CA$405.1k from FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Apr 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 16
Less than half of directors are independent 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. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 22
Third quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.005 loss in 3Q 2021) Third quarter 2022 results: CA$0.002 loss per share (improved from CA$0.005 loss in 3Q 2021). Revenue: CA$1.11m (down 22% from 3Q 2021). Net loss: CA$102.0k (loss narrowed 82% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Board Change • Nov 22
Less than half of directors are independent 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. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 07
Less than half of directors are independent 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. 2 independent directors (3 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Sep 27
Composite Alliance Group Inc., Annual General Meeting, Nov 21, 2022 Composite Alliance Group Inc., Annual General Meeting, Nov 21, 2022. Annuncio • Sep 02
Composite Alliance Group Inc. Appoints Roger Essome as Chief Financial Officer Composite Alliance Group Inc. announced that, further to its release dated August 8, 2022, subject to regulatory approval, Roger Essome has been appointed as Chief Financial Officer of the Company. Roger Essome is a Finance Professional with over 15 years in four firms, leading financial audits, and complex accountings projects for various industries in Central Africa, Europe &North America. Mr. Essome holds a Master's degree in Industrial engineering from Ecole Polytechnique in Cameroun and also a Master's degree in Corporate Finance from EMLyon Business School in France. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.01 loss per share (vs CA$0.006 profit in 2Q 2021) Second quarter 2022 results: CA$0.01 loss per share (down from CA$0.006 profit in 2Q 2021). Revenue: CA$594.7k (up 9.9% from 2Q 2021). Net loss: CA$1.01m (down 259% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Board Change • Jul 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 29
First quarter 2022 earnings released: CA$0.01 loss per share (vs CA$0.003 loss in 1Q 2021) First quarter 2022 results: CA$0.01 loss per share (down from CA$0.003 loss in 1Q 2021). Revenue: CA$978.3k (down 53% from 1Q 2021). Net loss: CA$694.5k (loss widened 96% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 03
Full year 2021 earnings released Full year 2021 results: Revenue: CA$5.89m (down 13% from FY 2020). Net loss: CA$17.7k (loss narrowed 100% from FY 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 31
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: CA$1.42m (up 37% from 3Q 2020). Net loss: CA$576.3k (loss narrowed 43% from 3Q 2020). Revenue was in line with analyst estimates. Board Change • Dec 01
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 08
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 22
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CA$0.01 (vs CA$0.011 loss in 2Q 2020) Second quarter 2021 results: Revenue: CA$541.1k (down 46% from 2Q 2020). Net income: CA$632.9k (up CA$1.88m from 2Q 2020). Board Change • Jul 31
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. 4 non-independent directors. Independent Director Ron Love was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 29
First quarter 2021 earnings released The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CA$2.07m (down 14% from 1Q 2020). Net loss: CA$354.4k (loss narrowed 69% from 1Q 2020). Reported Earnings • May 03
Full year 2020 earnings released: CA$0.03 loss per share (vs CA$0.029 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$6.78m (down 54% from FY 2019). Net loss: CA$3.38m (loss widened 10% from FY 2019). Reported Earnings • Nov 28
Third quarter 2020 earnings released: CA$0.01 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: CA$1.03m (down 78% from 3Q 2019). Net loss: CA$1.02m (down 265% from profit in 3Q 2019).