New Risk • Sep 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$189k free cash flow). Negative equity (-CA$3.6m). Revenue is less than US$1m (CA$196 revenue, or US$144). Market cap is less than US$10m (CA$2.32m market cap, or US$1.70m). Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding). お知らせ • Feb 02
iSIGN Media Announces Resignation of Tony Peticca as Director iSIGN Media Solutions Inc. announced that Mr. Tony Peticca has regretfully resigned from the Company’s Board of Directors effective January 31, 2023 due to the demands of his full-time commitments. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chair David Beck was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chair David Beck was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chair David Beck was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Dec 05
Interim Chief Executive Officer Josip Kozar has left the company On the 30th of November, Josip Kozar's tenure as Interim Chief Executive Officer of the company ended after less than a year in the role. Josip still personally held 10.19m shares (CA$611k worth) as of September 2021. This is 5.5% of the company. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Josip's leadership, the company delivered a total shareholder return of -9.1%. Executive Departure • Oct 03
CFO & Director Bruce Reilly has left the company On the 21st of September, Bruce Reilly's tenure as CFO & Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Bruce's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Oct 03
Director Mark Thimmig has left the company On the 21st of September, Mark Thimmig's tenure as Director ended after 2.7 years in the role. We don't have any record of a personal shareholding under Mark's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2021 earnings released: CA$0.008 loss per share (vs CA$0.009 loss in FY 2020) Full year 2021 results: Net loss: CA$1.17m (loss narrowed 1.7% from FY 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Executive Departure • Feb 24
Chief Executive Officer Josip Kozar has left the company On the 22nd of February, Josip Kozar's tenure as Chief Executive Officer of the company ended after 4.0 years in the role. Josip personally held 1.96m shares (CA$127k worth) as of December 2020. This is 1.3% of the company. Josip is the only executive to leave the company over the last 12 months. Under Josip's leadership, the company delivered a total shareholder return of 18%. Reported Earnings • Oct 02
First quarter earnings released Over the last 12 months the company has reported total losses of CA$1.13m, with losses narrowing by 19% from the prior year. Total revenue was CA$28.4k over the last 12 months, up 129% from the prior year.