New Risk • Aug 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €88.6m (US$96.4m) This is considered a minor 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 (-€53m free cash flow). Negative equity (-€18m). Earnings have declined by 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€88.6m market cap, or US$96.4m). お知らせ • Jun 02
DIC Corporation (TSE:4631) completed the acquisition of PCAS Canada Inc. from PCAS SA (ENXTPA:PCA). DIC Corporation (TSE:4631) agreed to acquire PCAS Canada Inc. from PCAS SA (ENXTPA:PCA) for an enterprise value of €88.2 million on May 25, 2023. The sale is not subject to any condition precedents. Therefore, the execution of the related agreements by PCAS and DIC Corporation as well as the closing of the transaction will be completed within the coming days. DIC Corporation (TSE:4631) completed the acquisition of PCAS Canada Inc. from PCAS SA (ENXTPA:PCA) on June 1, 2023. On completion, PCAS Canada Inc was renamed “Innovation DIC Chimitroniques Inc.” (English company name: “Innovation DIC Chemitronics Inc.”). お知らせ • May 09
PCAS in Talks to Sell Canada Unit to DIC PCAS SA (ENXTPA:PCA) announced it has entered into exclusive talks to sell its Canadian subsidiary to DIC Corporation (TSE:4631). The proposed deal gives PCAS Canada Inc. an enterprise value of EUR 88.2 million (USD 97.1 million). A potential transaction hinges on an obligatory information-consultation process of the competent workers’ councils, after authorisation of PCAS’ supervisory board and its majority shareholder, Seqens, a press release said. Reported Earnings • Apr 02
Full year 2022 earnings released Full year 2022 results: Revenue: €226.4m (up 21% from FY 2021). Net loss: €48.8m (loss widened 21% from FY 2021). お知らせ • Feb 07
PCAS SA to Report Fiscal Year 2022 Results on Mar 30, 2023 PCAS SA announced that they will report fiscal year 2022 results on Mar 30, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Director Jacqueline Lecourtier was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. お知らせ • Jul 30
PCAS SA to Report First Half, 2022 Results on Sep 08, 2022 PCAS SA announced that they will report first half, 2022 results on Sep 08, 2022 Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Chairman of the Board Pierre Luzeau was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €187.0m (down 3.7% from FY 2020). Net loss: €40.5m (loss widened 171% from FY 2020). Revenue missed analyst estimates by 1.8%. お知らせ • Feb 25
PCAS SA, Annual General Meeting, May 24, 2022 PCAS SA, Annual General Meeting, May 24, 2022. お知らせ • Jan 28
PCAS SA to Report Fiscal Year 2021 Results on Feb 24, 2022 PCAS SA announced that they will report fiscal year 2021 results on Feb 24, 2022 Reported Earnings • Sep 12
First half 2021 earnings released: €0.38 loss per share (vs €0.42 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €106.3m (up 1.1% from 1H 2020). Net loss: €5.21m (loss narrowed 11% from 1H 2020).