Annuncio • Apr 21
Base Carbon Inc., Annual General Meeting, Jun 25, 2026 Base Carbon Inc., Annual General Meeting, Jun 25, 2026. New Risk • Apr 04
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: US$1.8m This is considered a minor 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 Earnings have declined by 32% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (CA$78.8m market cap, or US$56.5m). Recent Insider Transactions • Mar 12
Independent Director recently bought CA$177k worth of stock On the 10th of March, Adrian Morante bought around 200k shares on-market at roughly CA$0.89 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$202k more in shares than they have sold in the last 12 months. New Risk • Aug 03
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: CA$80k 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (CA$80k sold). Market cap is less than US$100m (CA$80.2m market cap, or US$58.1m). Buy Or Sell Opportunity • Jun 20
Now 20% undervalued Over the last 90 days, the stock has risen 97% to CA$0.77. The fair value is estimated to be CA$0.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 348% over the last year. Meanwhile, the company became loss making. New Risk • May 15
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$64.0m market cap, or US$45.9m). Annuncio • Apr 16
Base Carbon Inc., Annual General Meeting, Jun 25, 2025 Base Carbon Inc., Annual General Meeting, Jun 25, 2025. Annuncio • Mar 28
Base Carbon Inc. to Report Fiscal Year 2024 Results on Mar 31, 2025 Base Carbon Inc. announced that they will report fiscal year 2024 results on Mar 31, 2025 Recent Insider Transactions • Mar 07
Founder recently bought CA$93k worth of stock On the 5th of March, Andrew Fedak bought around 225k shares on-market at roughly CA$0.41 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Annuncio • Apr 16
Base Carbon Inc., Annual General Meeting, Jun 25, 2024 Base Carbon Inc., Annual General Meeting, Jun 25, 2024. Major Estimate Revision • Nov 24
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$14.7m to US$12.2m. EPS estimate fell from US$0.43 to US$0.04 per share. Net income forecast to shrink 79% next year vs 26% growth forecast for Commercial Services industry in Canada . Consensus price target broadly unchanged at CA$1.62. Share price rose 2.6% to CA$0.40 over the past week. New Risk • Nov 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: CA$214k 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 Earnings are forecast to decline by an average of 93% per year for the foreseeable future. High level of non-cash earnings (153% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (14% average weekly change). Significant insider selling over the past 3 months (CA$214k sold). Market cap is less than US$100m (CA$49.7m market cap, or US$35.8m). Board Change • Aug 18
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 Chairman of the Board Catherine Flax was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 07
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 Canadian stocks, typically moving 12% 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 Earnings are forecast to decline by an average of 61% per year for the foreseeable future. High level of non-cash earnings (153% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (CA$65.6m market cap, or US$49.0m). Annuncio • Jun 01
Base Carbon Inc., Annual General Meeting, Aug 15, 2023 Base Carbon Inc., Annual General Meeting, Aug 15, 2023. Annuncio • May 11
Base Carbon Inc. (NEOE:BCBN) completed the acquisition of a minority stake in Base Carbon Capital Partners Corp. from Hardwick Climate Business Ltd. Base Carbon Inc. (NEOE:BCBN) entered into an agreement to acquire a minority stake in Base Carbon Capital Partners Corp. from Hardwick Climate Business Ltd. for $3 million on April 27, 2023. Pursuant to the terms of the Restructuring Agreement, Base Carbon will purchase HCBL’s full equity interest in BCCPC for an aggregate purchase price of $2,996,000. The purchase price is comprised of (i) a cash payment of $1,600,000 and (ii) the delivery of a promissory note to HCBL in the amount of $1,396,000. Base Carbon has agreed to reduce its equity ownership in HCBL by way of a share capital reduction and the cancellation of the Promissory Note. The HCBL Transaction is expected to close on May 9, 2023.Base Carbon Inc. (NEOE:BCBN) completed the acquisition of a minority stake in Base Carbon Capital Partners Corp. from Hardwick Climate Business Ltd. on May 10, 2023. Major Estimate Revision • Apr 06
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$9.65m to US$9.45m. EPS estimate rose from US$0.035 to US$0.04. Net income forecast to shrink 188% next year vs 102% growth forecast for Commercial Services industry in Canada . Consensus price target down from CA$1.50 to CA$1.37. Share price fell 2.4% to CA$0.41 over the past week. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Founder & Director Bruce Tozer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Founder & Director Bruce Tozer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 16
Founder recently bought CA$215k worth of stock On the 11th of March, Michael Costa bought around 300k shares on-market at roughly CA$0.72 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Board Change • Mar 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Founder & Director Bruce Tozer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
