Reported Earnings • Jun 02
Second quarter 2022 earnings released: CA$0.058 loss per share (vs CA$0.06 loss in 2Q 2021) Second quarter 2022 results: CA$0.058 loss per share (up from CA$0.06 loss in 2Q 2021). Revenue: CA$2.02m (down 7.6% from 2Q 2021). Net loss: CA$8.32m (loss narrowed 3.1% from 2Q 2021). Board Change • May 04
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, none were independent directors. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Chairman, President & CEO William Boyes is the most experienced director on the board, commencing their role in 2018. Independent Director Robert Petch was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jan 18
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman, President & CEO William Boyes is the most experienced director on the board, commencing their role in 2018. Independent Director Robert Petch was the last independent 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: Minority of independent directors. Lack of experienced directors. Board Change • Dec 18
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman, President & CEO William Boyes is the most experienced director on the board, commencing their role in 2018. Independent Director Robert Petch was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 03
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Executive VP, General Counsel. Corporate Secretary & Director Jeremy Budd is the most experienced director on the board, commencing their role in 2018. Independent Director Robert Petch was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Oct 14
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Executive VP, General Counsel. Corporate Secretary & Director Jeremy Budd is the most experienced director on the board, commencing their role in 2018. Independent Director Robert Petch was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Sep 07
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Executive VP, General Counsel. Corporate Secretary & Director Jeremy Budd is the most experienced director on the board, commencing their role in 2018. Independent Director Robert Petch was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • May 30
Second quarter 2021 earnings released: CA$0.06 loss per share (vs CA$0.018 loss in 2Q 2020) The company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2021 results: Revenue: CA$2.19m (up 174% from 2Q 2020). Net loss: CA$8.59m (loss widened 240% from 2Q 2020). Executive Departure • Apr 17
Independent Director has left the company On the 16th of April, Randall Stafford's tenure as Independent Director ended after 2.2 years in the role. We don't have any record of a personal shareholding under Randall's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 02
First quarter 2021 earnings released: CA$0.016 loss per share (vs CA$0.033 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$1.91m (up 210% from 1Q 2020). Net loss: CA$2.26m (loss narrowed 49% from 1Q 2020). Reported Earnings • Jan 31
Full year 2020 earnings released: CA$0.29 loss per share (vs CA$0.13 loss in FY 2019) Full year 2020 results: Net loss: CA$41.0m (loss widened 338% from FY 2019). Reported Earnings • Oct 17
Third quarter earnings released Over the last 12 months the company has reported total losses of CA$15.3m, with losses widening by 103% from the prior year.