View Past PerformanceTiny バランスシートの健全性財務の健全性 基準チェック /36Tinyの総株主資本はCA$215.5M 、総負債はCA$148.8Mで、負債比率は69.1%となります。総資産と総負債はそれぞれCA$464.1MとCA$248.6Mです。主要情報69.08%負債資本比率CA$148.85m負債インタレスト・カバレッジ・レシオn/a現金CA$34.25mエクイティCA$215.47m負債合計CA$248.60m総資産CA$464.07m財務の健全性に関する最新情報分析記事 • Nov 07Tiny (TSE:TINY) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Mar 11We Think Tiny (CVE:TINY) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Oct 02Tiny (CVE:TINY) Is Carrying A Fair Bit Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...すべての更新を表示Recent updates新しいナラティブ • Jun 02Subscription Software And Digital Platforms Will Reshape This Asset Light Cash Generative BusinessCatalysts About Tiny Tiny is a holding company that acquires and operates asset light, cash generative businesses across software, digital services, creative platforms and consumer brands. What are the underlying business or industry changes driving this perspective?Reported Earnings • May 14First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: CA$0.37 loss per share (further deteriorated from CA$0.17 loss in 1Q 2025). Revenue: CA$51.5m (up 7.1% from 1Q 2025). Net loss: CA$10.9m (loss widened 177% from 1Q 2025). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance.お知らせ • May 01Tiny Ltd. to Report Q1, 2026 Results on May 13, 2026Tiny Ltd. announced that they will report Q1, 2026 results Pre-Market on May 13, 2026Reported Earnings • Mar 31Full year 2025 earnings released: CA$1.24 loss per share (vs CA$2.12 loss in FY 2024)Full year 2025 results: CA$1.24 loss per share (improved from CA$2.12 loss in FY 2024). Revenue: CA$203.8m (up 4.9% from FY 2024). Net loss: CA$33.9m (loss narrowed 30% from FY 2024).お知らせ • Mar 24Tiny Ltd., Annual General Meeting, Jun 09, 2026Tiny Ltd., Annual General Meeting, Jun 09, 2026. Location: british columbia, victoria Canadaお知らせ • Mar 11Tiny Ltd. to Report Q4, 2025 Results on Mar 30, 2026Tiny Ltd. announced that they will report Q4, 2025 results Pre-Market on Mar 30, 2026分析記事 • Feb 10Tiny Ltd. (TSE:TINY) Not Doing Enough For Some Investors As Its Shares Slump 27%Tiny Ltd. ( TSE:TINY ) shareholders that were waiting for something to happen have been dealt a blow with a 27% share...New Risk • Dec 16New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 70% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).分析記事 • Nov 22Tiny Ltd.'s (TSE:TINY) Shares Bounce 41% But Its Business Still Trails The IndustryTiny Ltd. ( TSE:TINY ) shareholders have had their patience rewarded with a 41% share price jump in the last month. The...Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: CA$0.004 (vs CA$0.42 loss in 3Q 2024)Third quarter 2025 results: EPS: CA$0.004 (up from CA$0.42 loss in 3Q 2024). Revenue: CA$54.0m (up 16% from 3Q 2024). Net income: CA$126.9k (up CA$9.89m from 3Q 2024). Profit margin: 0.2% (up from net loss in 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada.分析記事 • Nov 07Tiny (TSE:TINY) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Nov 01Tiny Ltd. to Report Q3, 2025 Results on Nov 13, 2025Tiny Ltd. announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025分析記事 • Oct 02Improved Revenues Required Before Tiny Ltd. (TSE:TINY) Stock's 31% Jump Looks JustifiedTiny Ltd. ( TSE:TINY ) shareholders have had their patience rewarded with a 31% share price jump in the last month. Not...Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: CA$0.05 (vs CA$0.011 loss in 2Q 2024)Second quarter 2025 results: EPS: CA$0.05 (up from CA$0.011 loss in 2Q 2024). Revenue: CA$50.0m (down 2.0% from 2Q 2024). Net income: CA$10.7m (up CA$12.8m from 2Q 2024). Profit margin: 21% (up from net loss in 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.お知らせ • Jul 29Tiny Ltd. to Report Q2, 2025 Results on Aug 12, 2025Tiny Ltd. announced that they will report Q2, 2025 results Pre-Market on Aug 12, 2025New Risk • Jul 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Risk Earnings have declined by 75% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).お知らせ • Jun 12Tiny Ltd. announced that it has received $1.916378 million in fundingOn June 12, 2025, Tiny Ltd. closed the transaction. The transaction included participation from a single investor.Board Change • Jun 11Less than half of directors are independentFollowing 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 Alex Conconi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 13Tiny Ltd. announced that it has received CAD 32.000375 million in fundingOn May 12, 2025, Tiny Ltd closed the transaction. The company announced that the Convertible debentures will mature on may 12, 2030. The securities issued pursuant to the Private Placement will be subject to a statutory four month hold period in accordance with applicable Canadian securities laws. The Company paid an agency fee of CAD 1,444,000 representing 4.0% of the aggregate principal amount of the Convertible Debentures sold pursuant to the Private Placement. In addition, the Company paid arrangement fee of approximately CAD 420,000 to an arm's length investor.Buy Or Sell Opportunity • May 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to CA$1.05. The fair value is estimated to be CA$1.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making.お知らせ • May 07Tiny Ltd. to Report Q1, 2025 Results on May 15, 2025Tiny Ltd. announced that they will report Q1, 2025 results Pre-Market on May 15, 2025Reported Earnings • May 05Full year 2024 earnings released: CA$0.26 loss per share (vs CA$0.083 profit in FY 2023)Full year 2024 results: CA$0.26 loss per share (down from CA$0.083 profit in FY 2023). Revenue: CA$194.2m (up 4.7% from FY 2023). Net loss: CA$48.7m (down 449% from profit in FY 2023).お知らせ • Apr 10Tiny Ltd. has completed a Follow-on Equity Offering in the amount of CAD 20.01 million.Tiny Ltd. has completed a Follow-on Equity Offering in the amount of CAD 20.01 million. Security Name: Subscription Receipts Security Type: Common Stock Securities Offered: 17,400,000 Price\Range: CAD 1.15 Discount Per Security: CAD 0.06325お知らせ • Apr 02+ 1 more updateTiny Ltd. announced that it expects to receive CAD 32.000375 million in fundingTiny Ltd. enter into subscription agreements with certain investors for issuance of 34,595 secured convertible debentures at a price of CAD 925 per debenture for aggregate gross proceeds of CAD 3,20,00,375 on March 31, 2025. The debentures are issued at a discount of 7.5%, having an aggregate principal amount of CAD 34,600,000. The principal amount of the convertible debentures will be convertible into common shares at a conversion price equal to a 30% premium to the offering price, subject to adjustment in certain circumstances. The convertible debentures will bear interest at the rate of 11% per annum, payable semi-annually in arrears on the last business day of October and April of each year, beginning in October 2025. The convertible debentures will mature on the fifth anniversary of the closing of the concurrent private placement, unless earlier repurchased, redeemed, or converted in accordance with their terms. In addition, the company has also granted the co-lead underwriters, an option to purchase additional convertible debentures of up to 15% of the aggregate principal amount of convertible debentures sold on closing on the concurrent private placement, on the same terms and conditions as the concurrent private placement, exercisable for a period of 60 days following the closing of the concurrent private placement. The completion of the concurrent private placement is subject to customary conditions for transaction of this nature, including the closing of the offering and the approval of the TSXV and the satisfaction or waiver of any condition precedent to the completion of the acquisition, other than the completion of the concurrent private placement and such other conditions as by their nature are to be satisfied at or following the closing of the concurrent private placement. The transaction will include participation from a lead investor to subscribe for not less than CAD15,000,000 principal amount.分析記事 • Mar 11We Think Tiny (CVE:TINY) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...お知らせ • Mar 05Tiny Ltd., Annual General Meeting, Jun 05, 2025Tiny Ltd., Annual General Meeting, Jun 05, 2025. Location: british columbia, victoria Canadaお知らせ • Jan 27Tiny Ltd. Appoints Alex Conconi to Its Board of DirectorsTiny Ltd. appointed Alex Conconi to its Board of Directors. With a remarkable track record in entrepreneurship, investment, and leadership, Alex brings invaluable experience and expertise to the Board. Alex Conconi is the Founder of Conconi Growth Partners, a private investment company based in Vancouver. He is also the Founder of Neighbourhood Holdings, a Canadian mortgage lender, and Lendesk Technologies, a mortgage technology company acquired by Rocket Mortgage. Alex thrives in the entrepreneurial space, and through CGP he has invested in over 70 North American start-ups. He holds an MSc in Finance, and a BSc in Economics (Distinction).分析記事 • Jan 01There's No Escaping Tiny Ltd.'s (CVE:TINY) Muted Revenues Despite A 31% Share Price RiseTiny Ltd. ( CVE:TINY ) shares have had a really impressive month, gaining 31% after a shaky period beforehand...Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: CA$0.05 loss per share (further deteriorated from CA$0.03 loss in 3Q 2023). Revenue: CA$46.7m (down 7.6% from 3Q 2023). Net loss: CA$9.77m (loss widened 149% from 3Q 2023). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 150%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.お知らせ • Nov 02Tiny Ltd. to Report Q3, 2024 Results on Nov 15, 2024Tiny Ltd. announced that they will report Q3, 2024 results Pre-Market on Nov 15, 2024分析記事 • Oct 02Tiny (CVE:TINY) Is Carrying A Fair Bit Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Aug 22Second quarter 2024 earnings released: CA$0.009 loss per share (vs CA$0.03 loss in 2Q 2023)Second quarter 2024 results: CA$0.009 loss per share (improved from CA$0.03 loss in 2Q 2023). Revenue: CA$51.0m (up 1.0% from 2Q 2023). Net loss: CA$1.67m (loss narrowed 72% from 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada.お知らせ • Aug 08Tiny Ltd. to Report Q2, 2024 Results on Aug 16, 2024Tiny Ltd. announced that they will report Q2, 2024 results Pre-Market on Aug 16, 2024お知らせ • Jul 05Tiny Ltd. Announces Chief Financial Officer ChangesTiny Ltd. announced the appointment of Mike McKenna as Chief Financial Officer, effective immediately. In this role, McKenna will lead all aspects of finance, accounting, HR and investor relations to support the growth and financial discipline of the business. He will report directly to Tiny's CEO, Jordan Taub. McKenna is a seasoned executive with over two decades of experience in corporate finance, primarily with publicly traded companies. Most recently, Mike served as CFO of LifeSpeak Inc., a TSX-listed SaaS based digital healthcare and education business. During his tenure at LifeSpeak, McKenna oversaw the company's financial strategy as well as acquisitions, and successfully led them through their IPO in 2021. Prior to LifeSpeak, McKenna served as CFO of Mobile Klinik Inc., where he was responsible for raising capital, financial strategy, and M&A, including the successful sale of the company to TELUS. McKenna boasts over a decade of experience in investment banking and previously held the position of Director at Scotiabank, leading the technology, media, and telecom group. McKenna succeeds David Charron, who has served as Tiny and its predecessor WeCommerce's CFO for the past three years . In connection with the CFO transition and David's departure, the Company has agreed to issue an aggregate of 157,434 common shares of the Company to David Charron at an issue price of $2.14 per share, subject to the approval of the TSX Venture Exchange. The common shares issued to David Charron will be subject to a statutory four month hold period from the date of issuance.お知らせ • Jul 04Tiny Ltd. announced that it expects to receive CAD 0.336909 million in fundingTiny Ltd. announced a private placement of 157,434 common shares at a price of CAD 2.14 per share for the gross proceeds of CAD 336,909 on July 3, 2024. The transaction will include participation from David Charron. The transaction is subject to the approval of the TSX Venture Exchange. The common shares issued to David Charron will be subject to a statutory four month hold period from the date of issuance.Price Target Changed • Jun 21Price target decreased by 23% to CA$2.50Down from CA$3.25, the current price target is an average from 2 analysts. New target price is 14% above last closing price of CA$2.20. Stock is down 46% over the past year. The company posted earnings per share of CA$0.083 last year.お知らせ • Jun 09Tiny Ltd. Announces Chief Executive Officer ChangesTiny Ltd. announced the appointment of Jordan Taub as Chief Executive Officer, effective immediately. Taub most recently served as CEO of WeCommerce, Tiny's e- commerce software platform, and brings extensive operating experience from his time at Constellation Software. Tiny's founders, Andrew Wilkinson and Chris Sparling, will remain actively engaged with the company as Chairs of the Board. They will continue driving Tiny's investment strategy and vision while working closely with Taub on capital allocation and operational execution. Taub brings expertise in acquiring, integrating, and managing portfolios of companies and investments across diverse verticals. Prior to joining WeCommerce, Jordan was at Constellation Software, where he worked directly for its founder and most recently served as a Portfolio CFO within its Vela operating group. He is a Chartered Professional Accountant and also spent a number of years in KPMG's Corporate Finance Group.お知らせ • Jun 06Tiny Ltd. announced that it has received CAD 20.55001 million in fundingOn June 4, 2024, Tiny Ltd. closed the transaction.New Risk • Jun 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.6% 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 Risk Debt is not well covered by operating cash flow (2.6% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.6% increase in shares outstanding).お知らせ • May 31Tiny Ltd. announced that it expects to receive CAD 20.55001 million in fundingTiny Ltd. announced a non-brokered private placement of 7,667,914 Common shares at a price of CAD 2.68 per share for gross proceeds of up to approximately CAD 20,550,009.52 on May 30, 2024. The Common shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day from closing in accordance with applicable securities laws. The Private Placement is subject to the approval of the TSX Venture Exchange.お知らせ • May 23Tiny Ltd. to Report Q1, 2024 Results on May 28, 2024Tiny Ltd. announced that they will report Q1, 2024 results Pre-Market on May 28, 2024Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CA$2.81, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 37x in the Software industry in Canada. Total loss to shareholders of 39% over the past year.分析記事 • Apr 19Investors Shouldn't Be Too Comfortable With Tiny's (CVE:TINY) EarningsTiny Ltd.'s ( CVE:TINY ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...Reported Earnings • Apr 14Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: CA$185.5m (up 21% from FY 2022). Net income: CA$13.9m (up 315% from FY 2022). Profit margin: 7.5% (up from 2.2% in FY 2022). Revenue missed analyst estimates by 3.2%.お知らせ • Apr 12Tiny Ltd., Annual General Meeting, Jun 20, 2024Tiny Ltd., Annual General Meeting, Jun 20, 2024.お知らせ • Apr 03Tiny Ltd. to Report Fiscal Year 2023 Results on Apr 11, 2024Tiny Ltd. announced that they will report fiscal year 2023 results at 4:00 PM, US Eastern Standard Time on Apr 11, 2024お知らせ • Feb 01Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) acquired WholesalePet.com from Emerge US Holdings LLC.Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) entered into a share purchase agreement to acquire WholesalePet.com from Emerge US Holdings LLC for $9.25 million on January 23, 2024. The consideration will be paid in cash and is subject to to certain transaction closing adjustments. Following the Transaction, EMERGE will retain 4 brands across 2 main verticals, Grocery and Golf, in Canada and the U.S., namely truLOCAL, Carnivore Club, UnderPar and JustGolfStuff. In conjunction with the sale of WSP, EMERGE expects to utilize the majority of the transaction proceeds to pay down its senior credit facility on closing, which is expected to be reduced to $4.34 million from $11.76 million prior to the completion of the Transaction, and $18.55 million originally. The Company's interest expense savings following the aforementioned debt repayment is expected to be approximately $1.02 million annually. Following the transaction, EMERGE will no longer have any deferred payment obligations owed to WSP shareholders. Subject to the satisfaction of all conditions precedent to the completion of the Transaction, including receipt of TSXV approval, Closing is expected to occur prior to the end of January, 2024 or such other date as EMERGE US, the WholesalePet and the Tiny Fund I may mutually agree. INFOR Financial Inc. acted as the exclusive financial advisor to EMERGE in connection with the Transaction. Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) completed the acquisition of WholesalePet.com from Emerge US Holdings LLC on January 31, 2024.お知らせ • Jan 24Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) entered into a share purchase agreement to acquire WholesalePet.com from Emerge US Holdings LLC for $9.25 million.Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) entered into a share purchase agreement to acquire WholesalePet.com from Emerge US Holdings LLC for $9.25 million on January 23, 2024. The consideration will be paid in cash and is subject to to certain transaction closing adjustments. Following the Transaction, EMERGE will retain 4 brands across 2 main verticals, Grocery and Golf, in Canada and the U.S., namely truLOCAL, Carnivore Club, UnderPar and JustGolfStuff. In conjunction with the sale of WSP, EMERGE expects to utilize the majority of the transaction proceeds to pay down its senior credit facility on closing, which is expected to be reduced to $4.34 million from $11.76 million prior to the completion of the Transaction, and $18.55 million originally. The Company's interest expense savings following the aforementioned debt repayment is expected to be approximately $1.02 million annually. Following the transaction, EMERGE will no longer have any deferred payment obligations owed to WSP shareholders. Subject to the satisfaction of all conditions precedent to the completion of the Transaction, including receipt of TSXV approval, Closing is expected to occur prior to the end of January, 2024 or such other date as EMERGE US, the WholesalePet and the Tiny Fund I may mutually agree. INFOR Financial Inc. acted as the exclusive financial advisor to EMERGE in connection with the Transaction.分析記事 • Dec 30It's A Story Of Risk Vs Reward With Tiny Ltd. (CVE:TINY)You may think that with a price-to-sales (or "P/S") ratio of 2.3x Tiny Ltd. ( CVE:TINY ) is a stock worth checking out...Recent Insider Transactions • Dec 15Co-Founder recently sold CA$70k worth of stockOn the 12th of December, Andrew Wilkinson sold around 25k shares on-market at roughly CA$2.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$587k. Andrew has been a net seller over the last 12 months, reducing personal holdings by CA$657k.Recent Insider Transactions • Dec 03Co-Founder recently sold CA$587k worth of stockOn the 30th of November, Andrew Wilkinson sold around 200k shares on-market at roughly CA$2.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months.Reported Earnings • Nov 19Third quarter 2023 earnings released: CA$0.03 loss per share (vs CA$1.14 profit in 3Q 2022)Third quarter 2023 results: CA$0.03 loss per share (down from CA$1.14 profit in 3Q 2022). Revenue: CA$50.5m (up 24% from 3Q 2022). Net loss: CA$5.90m (down CA$7.13m from profit in 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.New Risk • Nov 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 143% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 143% per year for the foreseeable future. Minor Risk High level of debt (109% net debt to equity).お知らせ • Nov 03Tiny Ltd. to Report Q3, 2023 Results on Nov 16, 2023Tiny Ltd. announced that they will report Q3, 2023 results After-Market on Nov 16, 2023お知らせ • Oct 07+ 1 more updateTiny Ltd. announced that it has received CAD 4.863176 million in fundingOn October 06, 2023 Tiny Ltd closed the transaction. The company issued 1,430,346 Class A common shares at a price of CAD 3.40 per common share for gross proceeds of CAD 4,863,176. No finder's fees or commissions will be paid in connection with the private placement.お知らせ • Oct 01Tiny Ltd. announced that it expects to receive CAD 4.863176 million in fundingTiny Ltd. announced a private placement to issue 1,430,346 Class A common shares at an issue price of CAD 3.40 per Common Share for gross proceeds of CAD 4,863,176.4 on September 29., 2023. The transaction will include participation from founders of Letterboxd. No finder’s fees or commissions will be paid in connection with the Private Placement. The Common Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day from closing in accordance with applicable securities laws. The Private Placement is subject to the approval of the TSX Venture Exchange and is expected to close on or about October 6, 2023.お知らせ • Sep 08Tiny Ltd. (TSXV:TINY) entered into a definitive share purchase agreement to acquire 100% stake in Clean Canvas Limited for $12.7 million.Tiny Ltd. (TSXV:TINY) entered into a definitive share purchase agreement to acquire 100% stake in Clean Canvas Limited for $12.7 million on September 7, 2023. The consideration for this transaction includes an upfront cash payment of $11.5 million and contingent consideration of up to US$1.2 million (Earn-Out) based on Clean Canvas’ operating performance during the next 18 months. Tiny having the option to pay the consideration by way of (i) cash, (ii) the issuance of up to 1,200,000 Class A common shares in the capital of Tiny (Common Shares) to Clean Canvas at a deemed price per share equal to the 10-day volume weighted average trading price of the Common Shares on the TSX Venture Exchange calculated on the day immediately prior to the day of the issuance of such shares, or (iii) a combination there of. Post closing of this transaction Clean Canvas Limited will operate as independent brand. The deal is subject to TSX Venture Exchange approval.お知らせ • Aug 18Tiny Ltd. to Report Q2, 2023 Results on Aug 24, 2023Tiny Ltd. announced that they will report Q2, 2023 results After-Market on Aug 24, 2023Board Change • May 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Apr 21No independent directorsFollowing 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, Co-CEO & Vice-Chair Chris Sparling was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 25Tiny Capital entered into a definitive amalgamation agreement to acquire WeCommerce Holdings Ltd. (TSXV:WE) in a reverse merger transaction for approximately CAD 290 million.Tiny Capital entered into a definitive amalgamation agreement to acquire WeCommerce Holdings Ltd. (TSXV:WE) in a reverse merger transaction for approximately CAD 290 million on January 23, 2023. Pursuant to the transaction, WeCommerce Holdings Ltd. will issue approximately 146.4 million shares to the former shareholders of Tiny Capital Ltd. and its affiliates. Current WeCommerce shareholders will own 24.1% of the post-combination company, which will have approximately 177.9 million fully diluted shares outstanding at closing. It is anticipated that, following completion of the Transaction, the combined company will continue as Tiny Ltd. The combined company will remain listed on the TSX Venture Exchange. Tiny co-founders Andrew Wilkinson and Chris Sparling will serve as co-CEOs of the newly merged company and will own 71% and 10%, respectively, of the combined company as a result of their current ownership of Tiny and WeCommerce shares. WeCommerce's current CFO David Charron will continue as CFO, and Ampere Chan, Tiny's current CFO, will serve as President of the company. The Board of Directors of the combined company will be unchanged. As part of the Transaction, Alex Persson will resign from WeCommerce. The transaction is subject to TSXV approval, WeCommerce shareholder approval and lender approvals under the applicable credit facilities of WeCommerce and Tiny as well as the satisfaction of other customary closing conditions set out in the agreement. WeCommerce Board approved the transaction and the Agreement and resolved to recommend that holders of WeCommerce Shares vote in favour of the Transaction Subject to the satisfaction of such conditions, the Transaction is expected to close in April 2023. In reaching its recommendation to the WeCommerce Board, the Special Committee relied, in part, upon an oral opinion of Perella Weinberg Partners. Fasken Martineau DuMoulin LLP acted as legal counsel to Tiny. Osler, Hoskin & Harcourt LLP acted as legal counsel to the Special Committee. Norton Rose Fulbright Canada LLP acted as legal counsel to the Company. Perella Weinberg Partners acted as financial advisor to the Special Committee.財務状況分析短期負債: TINYの 短期資産 ( CA$57.8M ) が 短期負債 ( CA$55.1M ) を超えています。長期負債: TINYの短期資産 ( CA$57.8M ) は 長期負債 ( CA$193.5M ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: TINYの 純負債対資本比率 ( 53.2% ) は 高い と見なされます。負債の削減: TINYの負債対資本比率は、過去 5 年間で9.8%から69.1%に増加しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: 利益は出ていないものの、 TINYは現在のプラスの フリーキャッシュフロー レベルを維持すれば、3 年以上は十分な キャッシュランウェイ を有しています。キャッシュランウェイの予測: TINYは利益は出ていませんが、フリーキャッシュフローがプラスで年間0.9 % 減少しているにもかかわらず、3 年以上は十分なキャッシュランウェイがあります。健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 18:00終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Tiny Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Douglas TaylorCanaccord GenuityMax IngramCanaccord GenuityRichard BaldryRoth Capital Partners2 その他のアナリストを表示
分析記事 • Nov 07Tiny (TSE:TINY) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Mar 11We Think Tiny (CVE:TINY) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Oct 02Tiny (CVE:TINY) Is Carrying A Fair Bit Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
新しいナラティブ • Jun 02Subscription Software And Digital Platforms Will Reshape This Asset Light Cash Generative BusinessCatalysts About Tiny Tiny is a holding company that acquires and operates asset light, cash generative businesses across software, digital services, creative platforms and consumer brands. What are the underlying business or industry changes driving this perspective?
Reported Earnings • May 14First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: CA$0.37 loss per share (further deteriorated from CA$0.17 loss in 1Q 2025). Revenue: CA$51.5m (up 7.1% from 1Q 2025). Net loss: CA$10.9m (loss widened 177% from 1Q 2025). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance.
お知らせ • May 01Tiny Ltd. to Report Q1, 2026 Results on May 13, 2026Tiny Ltd. announced that they will report Q1, 2026 results Pre-Market on May 13, 2026
Reported Earnings • Mar 31Full year 2025 earnings released: CA$1.24 loss per share (vs CA$2.12 loss in FY 2024)Full year 2025 results: CA$1.24 loss per share (improved from CA$2.12 loss in FY 2024). Revenue: CA$203.8m (up 4.9% from FY 2024). Net loss: CA$33.9m (loss narrowed 30% from FY 2024).
お知らせ • Mar 24Tiny Ltd., Annual General Meeting, Jun 09, 2026Tiny Ltd., Annual General Meeting, Jun 09, 2026. Location: british columbia, victoria Canada
お知らせ • Mar 11Tiny Ltd. to Report Q4, 2025 Results on Mar 30, 2026Tiny Ltd. announced that they will report Q4, 2025 results Pre-Market on Mar 30, 2026
分析記事 • Feb 10Tiny Ltd. (TSE:TINY) Not Doing Enough For Some Investors As Its Shares Slump 27%Tiny Ltd. ( TSE:TINY ) shareholders that were waiting for something to happen have been dealt a blow with a 27% share...
New Risk • Dec 16New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 70% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).
分析記事 • Nov 22Tiny Ltd.'s (TSE:TINY) Shares Bounce 41% But Its Business Still Trails The IndustryTiny Ltd. ( TSE:TINY ) shareholders have had their patience rewarded with a 41% share price jump in the last month. The...
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: CA$0.004 (vs CA$0.42 loss in 3Q 2024)Third quarter 2025 results: EPS: CA$0.004 (up from CA$0.42 loss in 3Q 2024). Revenue: CA$54.0m (up 16% from 3Q 2024). Net income: CA$126.9k (up CA$9.89m from 3Q 2024). Profit margin: 0.2% (up from net loss in 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada.
分析記事 • Nov 07Tiny (TSE:TINY) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Nov 01Tiny Ltd. to Report Q3, 2025 Results on Nov 13, 2025Tiny Ltd. announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025
分析記事 • Oct 02Improved Revenues Required Before Tiny Ltd. (TSE:TINY) Stock's 31% Jump Looks JustifiedTiny Ltd. ( TSE:TINY ) shareholders have had their patience rewarded with a 31% share price jump in the last month. Not...
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: CA$0.05 (vs CA$0.011 loss in 2Q 2024)Second quarter 2025 results: EPS: CA$0.05 (up from CA$0.011 loss in 2Q 2024). Revenue: CA$50.0m (down 2.0% from 2Q 2024). Net income: CA$10.7m (up CA$12.8m from 2Q 2024). Profit margin: 21% (up from net loss in 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.
お知らせ • Jul 29Tiny Ltd. to Report Q2, 2025 Results on Aug 12, 2025Tiny Ltd. announced that they will report Q2, 2025 results Pre-Market on Aug 12, 2025
New Risk • Jul 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Risk Earnings have declined by 75% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).
お知らせ • Jun 12Tiny Ltd. announced that it has received $1.916378 million in fundingOn June 12, 2025, Tiny Ltd. closed the transaction. The transaction included participation from a single investor.
Board Change • Jun 11Less than half of directors are independentFollowing 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 Alex Conconi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 13Tiny Ltd. announced that it has received CAD 32.000375 million in fundingOn May 12, 2025, Tiny Ltd closed the transaction. The company announced that the Convertible debentures will mature on may 12, 2030. The securities issued pursuant to the Private Placement will be subject to a statutory four month hold period in accordance with applicable Canadian securities laws. The Company paid an agency fee of CAD 1,444,000 representing 4.0% of the aggregate principal amount of the Convertible Debentures sold pursuant to the Private Placement. In addition, the Company paid arrangement fee of approximately CAD 420,000 to an arm's length investor.
Buy Or Sell Opportunity • May 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to CA$1.05. The fair value is estimated to be CA$1.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • May 07Tiny Ltd. to Report Q1, 2025 Results on May 15, 2025Tiny Ltd. announced that they will report Q1, 2025 results Pre-Market on May 15, 2025
Reported Earnings • May 05Full year 2024 earnings released: CA$0.26 loss per share (vs CA$0.083 profit in FY 2023)Full year 2024 results: CA$0.26 loss per share (down from CA$0.083 profit in FY 2023). Revenue: CA$194.2m (up 4.7% from FY 2023). Net loss: CA$48.7m (down 449% from profit in FY 2023).
お知らせ • Apr 10Tiny Ltd. has completed a Follow-on Equity Offering in the amount of CAD 20.01 million.Tiny Ltd. has completed a Follow-on Equity Offering in the amount of CAD 20.01 million. Security Name: Subscription Receipts Security Type: Common Stock Securities Offered: 17,400,000 Price\Range: CAD 1.15 Discount Per Security: CAD 0.06325
お知らせ • Apr 02+ 1 more updateTiny Ltd. announced that it expects to receive CAD 32.000375 million in fundingTiny Ltd. enter into subscription agreements with certain investors for issuance of 34,595 secured convertible debentures at a price of CAD 925 per debenture for aggregate gross proceeds of CAD 3,20,00,375 on March 31, 2025. The debentures are issued at a discount of 7.5%, having an aggregate principal amount of CAD 34,600,000. The principal amount of the convertible debentures will be convertible into common shares at a conversion price equal to a 30% premium to the offering price, subject to adjustment in certain circumstances. The convertible debentures will bear interest at the rate of 11% per annum, payable semi-annually in arrears on the last business day of October and April of each year, beginning in October 2025. The convertible debentures will mature on the fifth anniversary of the closing of the concurrent private placement, unless earlier repurchased, redeemed, or converted in accordance with their terms. In addition, the company has also granted the co-lead underwriters, an option to purchase additional convertible debentures of up to 15% of the aggregate principal amount of convertible debentures sold on closing on the concurrent private placement, on the same terms and conditions as the concurrent private placement, exercisable for a period of 60 days following the closing of the concurrent private placement. The completion of the concurrent private placement is subject to customary conditions for transaction of this nature, including the closing of the offering and the approval of the TSXV and the satisfaction or waiver of any condition precedent to the completion of the acquisition, other than the completion of the concurrent private placement and such other conditions as by their nature are to be satisfied at or following the closing of the concurrent private placement. The transaction will include participation from a lead investor to subscribe for not less than CAD15,000,000 principal amount.
分析記事 • Mar 11We Think Tiny (CVE:TINY) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
お知らせ • Mar 05Tiny Ltd., Annual General Meeting, Jun 05, 2025Tiny Ltd., Annual General Meeting, Jun 05, 2025. Location: british columbia, victoria Canada
お知らせ • Jan 27Tiny Ltd. Appoints Alex Conconi to Its Board of DirectorsTiny Ltd. appointed Alex Conconi to its Board of Directors. With a remarkable track record in entrepreneurship, investment, and leadership, Alex brings invaluable experience and expertise to the Board. Alex Conconi is the Founder of Conconi Growth Partners, a private investment company based in Vancouver. He is also the Founder of Neighbourhood Holdings, a Canadian mortgage lender, and Lendesk Technologies, a mortgage technology company acquired by Rocket Mortgage. Alex thrives in the entrepreneurial space, and through CGP he has invested in over 70 North American start-ups. He holds an MSc in Finance, and a BSc in Economics (Distinction).
分析記事 • Jan 01There's No Escaping Tiny Ltd.'s (CVE:TINY) Muted Revenues Despite A 31% Share Price RiseTiny Ltd. ( CVE:TINY ) shares have had a really impressive month, gaining 31% after a shaky period beforehand...
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: CA$0.05 loss per share (further deteriorated from CA$0.03 loss in 3Q 2023). Revenue: CA$46.7m (down 7.6% from 3Q 2023). Net loss: CA$9.77m (loss widened 149% from 3Q 2023). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 150%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.
お知らせ • Nov 02Tiny Ltd. to Report Q3, 2024 Results on Nov 15, 2024Tiny Ltd. announced that they will report Q3, 2024 results Pre-Market on Nov 15, 2024
分析記事 • Oct 02Tiny (CVE:TINY) Is Carrying A Fair Bit Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Aug 22Second quarter 2024 earnings released: CA$0.009 loss per share (vs CA$0.03 loss in 2Q 2023)Second quarter 2024 results: CA$0.009 loss per share (improved from CA$0.03 loss in 2Q 2023). Revenue: CA$51.0m (up 1.0% from 2Q 2023). Net loss: CA$1.67m (loss narrowed 72% from 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada.
お知らせ • Aug 08Tiny Ltd. to Report Q2, 2024 Results on Aug 16, 2024Tiny Ltd. announced that they will report Q2, 2024 results Pre-Market on Aug 16, 2024
お知らせ • Jul 05Tiny Ltd. Announces Chief Financial Officer ChangesTiny Ltd. announced the appointment of Mike McKenna as Chief Financial Officer, effective immediately. In this role, McKenna will lead all aspects of finance, accounting, HR and investor relations to support the growth and financial discipline of the business. He will report directly to Tiny's CEO, Jordan Taub. McKenna is a seasoned executive with over two decades of experience in corporate finance, primarily with publicly traded companies. Most recently, Mike served as CFO of LifeSpeak Inc., a TSX-listed SaaS based digital healthcare and education business. During his tenure at LifeSpeak, McKenna oversaw the company's financial strategy as well as acquisitions, and successfully led them through their IPO in 2021. Prior to LifeSpeak, McKenna served as CFO of Mobile Klinik Inc., where he was responsible for raising capital, financial strategy, and M&A, including the successful sale of the company to TELUS. McKenna boasts over a decade of experience in investment banking and previously held the position of Director at Scotiabank, leading the technology, media, and telecom group. McKenna succeeds David Charron, who has served as Tiny and its predecessor WeCommerce's CFO for the past three years . In connection with the CFO transition and David's departure, the Company has agreed to issue an aggregate of 157,434 common shares of the Company to David Charron at an issue price of $2.14 per share, subject to the approval of the TSX Venture Exchange. The common shares issued to David Charron will be subject to a statutory four month hold period from the date of issuance.
お知らせ • Jul 04Tiny Ltd. announced that it expects to receive CAD 0.336909 million in fundingTiny Ltd. announced a private placement of 157,434 common shares at a price of CAD 2.14 per share for the gross proceeds of CAD 336,909 on July 3, 2024. The transaction will include participation from David Charron. The transaction is subject to the approval of the TSX Venture Exchange. The common shares issued to David Charron will be subject to a statutory four month hold period from the date of issuance.
Price Target Changed • Jun 21Price target decreased by 23% to CA$2.50Down from CA$3.25, the current price target is an average from 2 analysts. New target price is 14% above last closing price of CA$2.20. Stock is down 46% over the past year. The company posted earnings per share of CA$0.083 last year.
お知らせ • Jun 09Tiny Ltd. Announces Chief Executive Officer ChangesTiny Ltd. announced the appointment of Jordan Taub as Chief Executive Officer, effective immediately. Taub most recently served as CEO of WeCommerce, Tiny's e- commerce software platform, and brings extensive operating experience from his time at Constellation Software. Tiny's founders, Andrew Wilkinson and Chris Sparling, will remain actively engaged with the company as Chairs of the Board. They will continue driving Tiny's investment strategy and vision while working closely with Taub on capital allocation and operational execution. Taub brings expertise in acquiring, integrating, and managing portfolios of companies and investments across diverse verticals. Prior to joining WeCommerce, Jordan was at Constellation Software, where he worked directly for its founder and most recently served as a Portfolio CFO within its Vela operating group. He is a Chartered Professional Accountant and also spent a number of years in KPMG's Corporate Finance Group.
お知らせ • Jun 06Tiny Ltd. announced that it has received CAD 20.55001 million in fundingOn June 4, 2024, Tiny Ltd. closed the transaction.
New Risk • Jun 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.6% 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 Risk Debt is not well covered by operating cash flow (2.6% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.6% increase in shares outstanding).
お知らせ • May 31Tiny Ltd. announced that it expects to receive CAD 20.55001 million in fundingTiny Ltd. announced a non-brokered private placement of 7,667,914 Common shares at a price of CAD 2.68 per share for gross proceeds of up to approximately CAD 20,550,009.52 on May 30, 2024. The Common shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day from closing in accordance with applicable securities laws. The Private Placement is subject to the approval of the TSX Venture Exchange.
お知らせ • May 23Tiny Ltd. to Report Q1, 2024 Results on May 28, 2024Tiny Ltd. announced that they will report Q1, 2024 results Pre-Market on May 28, 2024
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CA$2.81, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 37x in the Software industry in Canada. Total loss to shareholders of 39% over the past year.
分析記事 • Apr 19Investors Shouldn't Be Too Comfortable With Tiny's (CVE:TINY) EarningsTiny Ltd.'s ( CVE:TINY ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...
Reported Earnings • Apr 14Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: CA$185.5m (up 21% from FY 2022). Net income: CA$13.9m (up 315% from FY 2022). Profit margin: 7.5% (up from 2.2% in FY 2022). Revenue missed analyst estimates by 3.2%.
お知らせ • Apr 12Tiny Ltd., Annual General Meeting, Jun 20, 2024Tiny Ltd., Annual General Meeting, Jun 20, 2024.
お知らせ • Apr 03Tiny Ltd. to Report Fiscal Year 2023 Results on Apr 11, 2024Tiny Ltd. announced that they will report fiscal year 2023 results at 4:00 PM, US Eastern Standard Time on Apr 11, 2024
お知らせ • Feb 01Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) acquired WholesalePet.com from Emerge US Holdings LLC.Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) entered into a share purchase agreement to acquire WholesalePet.com from Emerge US Holdings LLC for $9.25 million on January 23, 2024. The consideration will be paid in cash and is subject to to certain transaction closing adjustments. Following the Transaction, EMERGE will retain 4 brands across 2 main verticals, Grocery and Golf, in Canada and the U.S., namely truLOCAL, Carnivore Club, UnderPar and JustGolfStuff. In conjunction with the sale of WSP, EMERGE expects to utilize the majority of the transaction proceeds to pay down its senior credit facility on closing, which is expected to be reduced to $4.34 million from $11.76 million prior to the completion of the Transaction, and $18.55 million originally. The Company's interest expense savings following the aforementioned debt repayment is expected to be approximately $1.02 million annually. Following the transaction, EMERGE will no longer have any deferred payment obligations owed to WSP shareholders. Subject to the satisfaction of all conditions precedent to the completion of the Transaction, including receipt of TSXV approval, Closing is expected to occur prior to the end of January, 2024 or such other date as EMERGE US, the WholesalePet and the Tiny Fund I may mutually agree. INFOR Financial Inc. acted as the exclusive financial advisor to EMERGE in connection with the Transaction. Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) completed the acquisition of WholesalePet.com from Emerge US Holdings LLC on January 31, 2024.
お知らせ • Jan 24Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) entered into a share purchase agreement to acquire WholesalePet.com from Emerge US Holdings LLC for $9.25 million.Tiny Fund I, LP, managed by Tiny Ltd. (TSXV:TINY) entered into a share purchase agreement to acquire WholesalePet.com from Emerge US Holdings LLC for $9.25 million on January 23, 2024. The consideration will be paid in cash and is subject to to certain transaction closing adjustments. Following the Transaction, EMERGE will retain 4 brands across 2 main verticals, Grocery and Golf, in Canada and the U.S., namely truLOCAL, Carnivore Club, UnderPar and JustGolfStuff. In conjunction with the sale of WSP, EMERGE expects to utilize the majority of the transaction proceeds to pay down its senior credit facility on closing, which is expected to be reduced to $4.34 million from $11.76 million prior to the completion of the Transaction, and $18.55 million originally. The Company's interest expense savings following the aforementioned debt repayment is expected to be approximately $1.02 million annually. Following the transaction, EMERGE will no longer have any deferred payment obligations owed to WSP shareholders. Subject to the satisfaction of all conditions precedent to the completion of the Transaction, including receipt of TSXV approval, Closing is expected to occur prior to the end of January, 2024 or such other date as EMERGE US, the WholesalePet and the Tiny Fund I may mutually agree. INFOR Financial Inc. acted as the exclusive financial advisor to EMERGE in connection with the Transaction.
分析記事 • Dec 30It's A Story Of Risk Vs Reward With Tiny Ltd. (CVE:TINY)You may think that with a price-to-sales (or "P/S") ratio of 2.3x Tiny Ltd. ( CVE:TINY ) is a stock worth checking out...
Recent Insider Transactions • Dec 15Co-Founder recently sold CA$70k worth of stockOn the 12th of December, Andrew Wilkinson sold around 25k shares on-market at roughly CA$2.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$587k. Andrew has been a net seller over the last 12 months, reducing personal holdings by CA$657k.
Recent Insider Transactions • Dec 03Co-Founder recently sold CA$587k worth of stockOn the 30th of November, Andrew Wilkinson sold around 200k shares on-market at roughly CA$2.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months.
Reported Earnings • Nov 19Third quarter 2023 earnings released: CA$0.03 loss per share (vs CA$1.14 profit in 3Q 2022)Third quarter 2023 results: CA$0.03 loss per share (down from CA$1.14 profit in 3Q 2022). Revenue: CA$50.5m (up 24% from 3Q 2022). Net loss: CA$5.90m (down CA$7.13m from profit in 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.
New Risk • Nov 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 143% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 143% per year for the foreseeable future. Minor Risk High level of debt (109% net debt to equity).
お知らせ • Nov 03Tiny Ltd. to Report Q3, 2023 Results on Nov 16, 2023Tiny Ltd. announced that they will report Q3, 2023 results After-Market on Nov 16, 2023
お知らせ • Oct 07+ 1 more updateTiny Ltd. announced that it has received CAD 4.863176 million in fundingOn October 06, 2023 Tiny Ltd closed the transaction. The company issued 1,430,346 Class A common shares at a price of CAD 3.40 per common share for gross proceeds of CAD 4,863,176. No finder's fees or commissions will be paid in connection with the private placement.
お知らせ • Oct 01Tiny Ltd. announced that it expects to receive CAD 4.863176 million in fundingTiny Ltd. announced a private placement to issue 1,430,346 Class A common shares at an issue price of CAD 3.40 per Common Share for gross proceeds of CAD 4,863,176.4 on September 29., 2023. The transaction will include participation from founders of Letterboxd. No finder’s fees or commissions will be paid in connection with the Private Placement. The Common Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day from closing in accordance with applicable securities laws. The Private Placement is subject to the approval of the TSX Venture Exchange and is expected to close on or about October 6, 2023.
お知らせ • Sep 08Tiny Ltd. (TSXV:TINY) entered into a definitive share purchase agreement to acquire 100% stake in Clean Canvas Limited for $12.7 million.Tiny Ltd. (TSXV:TINY) entered into a definitive share purchase agreement to acquire 100% stake in Clean Canvas Limited for $12.7 million on September 7, 2023. The consideration for this transaction includes an upfront cash payment of $11.5 million and contingent consideration of up to US$1.2 million (Earn-Out) based on Clean Canvas’ operating performance during the next 18 months. Tiny having the option to pay the consideration by way of (i) cash, (ii) the issuance of up to 1,200,000 Class A common shares in the capital of Tiny (Common Shares) to Clean Canvas at a deemed price per share equal to the 10-day volume weighted average trading price of the Common Shares on the TSX Venture Exchange calculated on the day immediately prior to the day of the issuance of such shares, or (iii) a combination there of. Post closing of this transaction Clean Canvas Limited will operate as independent brand. The deal is subject to TSX Venture Exchange approval.
お知らせ • Aug 18Tiny Ltd. to Report Q2, 2023 Results on Aug 24, 2023Tiny Ltd. announced that they will report Q2, 2023 results After-Market on Aug 24, 2023
Board Change • May 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Apr 21No independent directorsFollowing 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, Co-CEO & Vice-Chair Chris Sparling was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 25Tiny Capital entered into a definitive amalgamation agreement to acquire WeCommerce Holdings Ltd. (TSXV:WE) in a reverse merger transaction for approximately CAD 290 million.Tiny Capital entered into a definitive amalgamation agreement to acquire WeCommerce Holdings Ltd. (TSXV:WE) in a reverse merger transaction for approximately CAD 290 million on January 23, 2023. Pursuant to the transaction, WeCommerce Holdings Ltd. will issue approximately 146.4 million shares to the former shareholders of Tiny Capital Ltd. and its affiliates. Current WeCommerce shareholders will own 24.1% of the post-combination company, which will have approximately 177.9 million fully diluted shares outstanding at closing. It is anticipated that, following completion of the Transaction, the combined company will continue as Tiny Ltd. The combined company will remain listed on the TSX Venture Exchange. Tiny co-founders Andrew Wilkinson and Chris Sparling will serve as co-CEOs of the newly merged company and will own 71% and 10%, respectively, of the combined company as a result of their current ownership of Tiny and WeCommerce shares. WeCommerce's current CFO David Charron will continue as CFO, and Ampere Chan, Tiny's current CFO, will serve as President of the company. The Board of Directors of the combined company will be unchanged. As part of the Transaction, Alex Persson will resign from WeCommerce. The transaction is subject to TSXV approval, WeCommerce shareholder approval and lender approvals under the applicable credit facilities of WeCommerce and Tiny as well as the satisfaction of other customary closing conditions set out in the agreement. WeCommerce Board approved the transaction and the Agreement and resolved to recommend that holders of WeCommerce Shares vote in favour of the Transaction Subject to the satisfaction of such conditions, the Transaction is expected to close in April 2023. In reaching its recommendation to the WeCommerce Board, the Special Committee relied, in part, upon an oral opinion of Perella Weinberg Partners. Fasken Martineau DuMoulin LLP acted as legal counsel to Tiny. Osler, Hoskin & Harcourt LLP acted as legal counsel to the Special Committee. Norton Rose Fulbright Canada LLP acted as legal counsel to the Company. Perella Weinberg Partners acted as financial advisor to the Special Committee.
