お知らせ • Dec 07
AMTE Power plc has completed a Follow-on Equity Offering in the amount of £0.4 million. AMTE Power plc has completed a Follow-on Equity Offering in the amount of £0.4 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: £0.005
Transaction Features: Subsequent Direct Listing New Risk • Oct 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 357% This is considered a major 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 Share price has been highly volatile over the past 3 months (57% average weekly change). Earnings have declined by 37% per year over the past 5 years. Shareholders have been substantially diluted in the past year (357% increase in shares outstanding). Market cap is less than US$10m (€3.02m market cap, or US$3.19m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Revenue is less than US$5m (UK£2.1m revenue, or US$2.6m). Board Change • Sep 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alyson Levett 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. New Risk • Sep 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-UK£7.0m free cash flow). Share price has been highly volatile over the past 3 months (67% average weekly change). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (€1.22m market cap, or US$1.30m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (37% increase in shares outstanding). Revenue is less than US$5m (UK£2.1m revenue, or US$2.6m). New Risk • Sep 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-UK£7.0m free cash flow). Share price has been highly volatile over the past 3 months (65% average weekly change). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (€3.93m market cap, or US$4.20m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Revenue is less than US$5m (UK£2.1m revenue, or US$2.6m). お知らせ • Aug 03
Amte Power plc Announces Executive Change AMTE Power plc, announces that Kevin Brundish, Executive Director, will be transitioning to the role of Non-Executive Director of AMTE Power with immediate effect. In his new role Kevin will continue to provide the Board with advice and guidance, based on his many years of experience. New Risk • Jun 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €5.45m (US$5.96m) This is considered a major risk. Companies with a small market capitalization 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 Risks Less than 1 year of cash runway based on free cash flow trend (-UK£7.0m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (€5.45m market cap, or US$5.96m). Minor Risks Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Revenue is less than US$5m (UK£2.1m revenue, or US$2.7m). Reported Earnings • Mar 10
First half 2023 earnings released: UK£0.10 loss per share (vs UK£0.075 loss in 1H 2022) First half 2023 results: UK£0.10 loss per share (further deteriorated from UK£0.075 loss in 1H 2022). Net loss: UK£3.67m (loss widened 38% from 1H 2022). Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in Germany. Reported Earnings • Dec 02
Full year 2022 earnings released: UK£0.16 loss per share (vs UK£0.13 loss in FY 2021) Full year 2022 results: UK£0.16 loss per share (further deteriorated from UK£0.13 loss in FY 2021). Net loss: UK£5.84m (loss widened 58% from FY 2021). Revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Electrical industry in Germany. お知らせ • Nov 18
AMTE Power plc Announces the Appointment of Anita Breslin to the Board as Chief Financial Officer AMTE Power plc announced the appointment of Anita Breslin to the Board as Chief Financial Officer. Anita will join the Board with effect from 28 November 2022 and become Chief Financial Officer on 1 December 2022. Anita brings more than 20 years' experience in financial and commercial operations, most recently as Group Finance Director at Blue International Group, a privately owned Integrated mining, energy, and infrastructure business in Sub-Sahara Africa. Prior to this, Anita worked at Joule Africa, a renewable energy business as Interim CEO and CFO and has also held senior roles at Vattenfall Heat UK Ltd. and BG Group plc. Anita qualified as a Chartered Accountant with PricewaterhouseCoopers. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alyson Levett was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. お知らせ • Oct 18
AMTE Power plc announced that it expects to receive £5 million in funding from Arena Investors, LP AMTE Power plc announced that it has entered into a £5 million convertible unsecured bond facility on October 17, 2022. The transaction will include participation from new investor Arena Investors, LP. The transaction would be available for drawdown in three tranches, £3 million on completion of the proposed facility and two further tranches of £1 million each at least 60 days following drawdown of the previous tranche, provided that no more than £4 million is outstanding under the proposed facility at the relevant time. The investor would be entitled to convert outstanding amounts under the proposed facility into new ordinary shares of £0.5 each in the capital of the company Board Change • Sep 07
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alyson Levett was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. お知らせ • Sep 05
James Hobson Announces to Leave AMTE Power plc No Later Than the 30 November 2022 AMTE Power Plc announced that James Hobson, Chief Financial Officer has advised the Board of his intention to leave AMTE Power plc to take up the role of Chief Financial Officer of Clean Power Hydrogen Plc ("CPH2"). He will leave AMTE no later than the 30 November 2022 and, in the meantime, will continue to play a full and active role in the business. The Board will now begin the formal process to appoint a successor and the Company will provide an update as and when appropriate. Reported Earnings • Mar 12
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: UK£0.075 loss per share (down from UK£0.053 loss in 1H 2021). Net loss: UK£2.65m (loss widened 88% from 1H 2021). Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 143%, compared to a 16% growth forecast for the industry in Germany. お知らせ • Feb 17
AMTE Power plc to Report First Half, 2022 Results on Mar 10, 2022 AMTE Power plc announced that they will report first half, 2022 results on Mar 10, 2022 Board Change • Dec 01
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alyson Levett was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Recent Insider Transactions • Nov 11
CFO & Director recently sold €259k worth of stock On the 5th of November, Adam d'Arcy Westcott sold around 138k shares on-market at roughly €1.88 per share. This was the largest sale by an insider in the last 3 months. This was Adam d'Arcy's only on-market trade for the last 12 months. Reported Earnings • Oct 07
Full year 2021 earnings released: UK£0.13 loss per share (vs UK£0.065 loss in FY 2020) Full year 2021 results: Net loss: UK£3.70m (loss widened 146% from FY 2020). お知らせ • Jul 16
AMTE Power plc Provides Earnings Guidance for the Twelve Months Ended June 30, 2021 AMTE Power plc provided earnings guidance for the twelve months ended June 30, 2021. For the period, the company confirmed that it expects revenue and total reported losses after tax to be in line with market expectations. お知らせ • Mar 24
AMTE Power plc Provides Earnings Guidance for the Full Year of 2021 AMTE Power plc provided earnings guidance for the full year of 2021. For the year, the company expects outlook will be in line with market expectations and that the level of income will continue to grow through the second half of the year.