お知らせ • Jan 12
Wavefront Technology Solutions Inc. Announces Resignation of Stewart Lockwood from Board of Directors Wavefront Technology Solutions Inc. announced that Mr. Stewart Lockwood has resigned from Wavefront's Board of Directors. As he has done since its inception, Mr. Lockwood will continue advising the Company on securities matters as a paid legal advisor. お知らせ • Dec 30
Wavefront Technology Solutions Inc., Annual General Meeting, Feb 28, 2023 Wavefront Technology Solutions Inc., Annual General Meeting, Feb 28, 2023. お知らせ • Aug 30
Wavefront Technology Solutions Inc. and Subsidiary Announces Resignation of Brad Paterson from Board of Directors Wavefront Technology Solutions Inc. announced that, effective immediately, Brad Paterson has resigned from Wavefront's Board of Directors and as an officer of Wavefront and its subsidiary. Mr. Paterson will remain working with the Company under a contractual arrangement. Reported Earnings • Jul 30
Third quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.004 loss in 3Q 2021) Third quarter 2022 results: CA$0.006 loss per share (down from CA$0.004 loss in 3Q 2021). Revenue: CA$462.2k (up 25% from 3Q 2021). Net loss: CA$502.5k (loss widened 42% from 3Q 2021). 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 11% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
Second quarter 2022 earnings released: CA$0.005 loss per share (vs CA$0.005 loss in 2Q 2021) Second quarter 2022 results: CA$0.005 loss per share (vs CA$0.005 loss in 2Q 2021). Revenue: CA$535.8k (up 44% from 2Q 2021). Net loss: CA$430.5k (loss widened 3.5% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jan 30
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: CA$0.006 loss per share (down from CA$0.004 loss in 1Q 2021). Revenue: CA$427.6k (down 4.1% from 1Q 2021). Net loss: CA$573.3k (loss widened 65% from 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 29
Insider recently bought CA$99k worth of stock On the 23rd of December, Douglas Burger bought around 291k shares on-market at roughly CA$0.34 per share. In the last 3 months, they made an even bigger purchase worth CA$187k. Insiders have collectively bought CA$609k more in shares than they have sold in the last 12 months. Reported Earnings • Dec 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.016 loss per share (down from CA$0.008 loss in FY 2020). Revenue: CA$1.61m (down 43% from FY 2020). Net loss: CA$1.37m (loss widened 108% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Stewart Lockwood 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. Recent Insider Transactions • Oct 24
Insider recently bought CA$56k worth of stock On the 18th of October, Douglas Burger bought around 157k shares on-market at roughly CA$0.36 per share. In the last 3 months, they made an even bigger purchase worth CA$187k. Insiders have collectively bought CA$365k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 12
Insider recently bought CA$119k worth of stock On the 8th of October, Douglas Burger bought around 514k shares on-market at roughly CA$0.23 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$122k more in shares than they have sold in the last 12 months. Reported Earnings • May 03
Second quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.005 loss in 2Q 2020) The company reported a poor second quarter result with weaker revenues, weaker control over costs and no improvement to losses. Second quarter 2021 results: Revenue: CA$373.1k (down 47% from 2Q 2020). Net loss: CA$415.8k (flat on 2Q 2020). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 01
First quarter 2021 earnings released: CA$0.004 loss per share (vs CA$0.003 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CA$445.8k (down 36% from 1Q 2020). Net loss: CA$347.5k (loss widened 42% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. お知らせ • Dec 26
Wavefront Technology Solutions Inc., Annual General Meeting, Feb 25, 2021 Wavefront Technology Solutions Inc., Annual General Meeting, Feb 25, 2021. お知らせ • Dec 23
Wavefront Technology Solutions Inc. Announces Equipment Rental Agreement with Multinational Oilfield Services Company Wavefront Technology Solutions Inc. announced that it has entered into an equipment rental agreement with a multinational oilfield services company ("Client") for the distribution of Wavefront's Powerwave well stimulation technology in the Kingdom of Saudi Arabia. Under the terms of the initial one-year agreement, commencing December 21, 2020, Wavefront will provide certain Powerwave well stimulation technology to the Client for distribution to its customers in the Kingdom. Wavefront revenues, at various Powerwave tool rates, will be recognized over time, when the Powerwave tools are rented to underlying exploration and production ("E&P") companies. Reported Earnings • Dec 05
Full year 2020 earnings released: CA$0.008 loss per share The company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: CA$2.80m (down 23% from FY 2019). Net loss: CA$660.2k (loss widened 52% from FY 2019). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. お知らせ • Jul 31
Wavefront Technology Solutions Inc. to Report Q3, 2020 Results on Jul 29, 2020 Wavefront Technology Solutions Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Jul 29, 2020