Board Change • Dec 26
Insufficient new directors 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. Independent Director Ricardo Gaitán was the last 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: Insufficient board refreshment. New Risk • Aug 26
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: -Col$116b 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 (-Col$116b free cash flow). Earnings have declined by 0.5% per year over the past 5 years. Revenue is less than US$1m (Col$3.1b revenue, or US$774k). Minor Risk Market cap is less than US$100m (Col$105.0b market cap, or US$26.0m). Reported Earnings • Aug 18
Second quarter 2024 earnings released: Col$238 loss per share (vs Col$271 profit in 2Q 2023) Second quarter 2024 results: Col$238 loss per share (down from Col$271 profit in 2Q 2023). Net loss: Col$16.6b (down 188% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors 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. Independent Director Ricardo Sala Gaitán was the last 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: Insufficient board refreshment. Reported Earnings • May 19
First quarter 2022 earnings released First quarter 2022 results: Net income: Col$1.90b (up Col$28.0b from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors 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. Independent Director Ricardo Sala Gaitán was the last 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: Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings released Full year 2021 results: Net loss: Col$120.9b (loss widened 28% from FY 2020). Board Change • Feb 03
Insufficient new directors 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. Independent Director Ricardo Sala Gaitán was the last 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: Insufficient board refreshment. Reported Earnings • Nov 19
Third quarter 2020 earnings released: Col$253 loss per share (vs Col$142 loss in 3Q 2019) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2020 results: Revenue: Col$19.2b (down 50% from 3Q 2019). Net loss: Col$17.7b (loss widened 78% from 3Q 2019). Is New 90 Day High Low • Mar 13
New 90-day low: Col$701 The company is down 37% from its price of Col$1,105 on 11 December 2020. The Colombian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 6.0% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: Col$253 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: Col$19.2b (down 50% from 3Q 2019). Net loss: Col$17.7b (loss widened 78% from 3Q 2019).