お知らせ • Nov 09
Unique Fabricating, Inc. Filed for Bankruptcy Unique Fabricating, Inc., along with its seven affiliates, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware on November 8, 2023. The debtor listed both its assets and liabilities in the range of $10 million to $50 million. The debtor is represented by Joseph M. Barry of Young, Conaway, Stargatt & Taylor as its legal counsel. David W. Carickhoff has been appointed as the case trustee. お知らせ • Oct 11
NYSE American LLC Reviews Unique Fabricating's Extension Request and Grants an Extension in Accordance with Continued Listing Standards Set Forth in Sections 134 and 1101 of the NYSE’s Listed Company Manual Unique Fabricating, Inc. announced on October 10, 2023, that the NYSE Regulation Department of NYSE American LLC (the ‘NYSE American’) has reviewed the company’s extension request and granted an extension in accordance with continued listing standards set forth in Sections 134 and 1101 of the NYSE’s Listed Company Manual since it failed to file its Form 10-K for the fiscal year ended December 31, 2022 and Form 10-Qs for the periods ended March 31, 2023 and June 30, 2023 (the ‘Delayed Filings’) with the Securities and Exchange Commission (‘SEC’) in a timely manner. As previously disclosed, Unique Fabricating fell out of compliance with continued listing standards as a result of these Delayed Filings. The NYSE American originally had granted the Company an extension, through September 30, 2023, to remedy the issue. On September 19, 2023, Unique Fabricating submitted a plan for continued listing, and on October 3, 2023, the NYSE American granted an extension through March 31, 2024 for the Company to cure its filing deficiency. Pursuant to Section 1007 of the Company Guide, an issuer is required to submit an extension request when it is unable to cure the filing deficiency within the initial six -month period of the maximum 12-month cure period from when it became delinquent. A company’s common stock will continue to be listed and traded on the NYSE during the cure periods, subject to a company’s compliance with other continued listing requirements. The current noncompliance with the NYSE listing standards does not affect the Company’s ongoing business operations or its U.S. Securities and Exchange Commission reporting requirements, nor does it trigger any violation of its material debt or other obligations. Unique Fabricating has been engaged in reviewing and continues to review strategic alternatives, including a process for the sale of its business to a qualified buyer, in accordance with fixed milestones in agreements with its bank lenders and certain key customers which contemplate completion of the sale process by no later than October 31, 2023. The Company can provide no assurances that it will be able to regain compliance with the NYSE’s continued listing standards or otherwise maintain the listing of its shares on the NYSE or that it will comply with the milestones for the sale of its business in the agreements with its bank lenders and key customers. Board Change • Aug 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. 2 experienced directors. 5 highly experienced directors. Independent Director Pat Cavanagh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. お知らせ • May 17
Unique Fabricating, Inc. announced delayed 10-Q filing On 05/16/2023, Unique Fabricating, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Dec 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Pat Cavanagh was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 16
Price target decreased to US$2.00 Down from US$3.50, the current price target is provided by 1 analyst. New target price is 150% above last closing price of US$0.80. Stock is down 69% over the past year. The company is forecast to post a net loss per share of US$1.01 next year compared to a net loss per share of US$0.67 last year. Reported Earnings • Nov 11
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: US$0.90 loss per share (further deteriorated from US$0.19 loss in 3Q 2021). Revenue: US$34.5m (up 15% from 3Q 2021). Net loss: US$10.6m (loss widened 468% from 3Q 2021). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Auto Components industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 12
Second quarter 2022 earnings: EPS misses analyst expectations Second quarter 2022 results: US$0.91 loss per share (down from US$0.26 loss in 2Q 2021). Revenue: US$35.0m (up 13% from 2Q 2021). Net loss: US$10.7m (loss widened 327% from 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 810%. Over the next year, revenue is forecast to grow 23%, compared to a 18% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.20 to -US$0.17 per share. Revenue forecast steady at US$147.3m. Auto Components industry in the US expected to see average net income growth of 24% next year. Consensus price target down from US$4.00 to US$3.50. Share price rose 5.6% to US$1.51 over the past week. Reported Earnings • May 13
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: US$0.05 loss per share (up from US$0.11 loss in 1Q 2021). Revenue: US$35.3m (up 1.5% from 1Q 2021). Net loss: US$569.0k (loss narrowed 47% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 23%, compared to a 427% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to US$4.00 Down from US$4.50, the current price target is provided by 1 analyst. New target price is 165% above last closing price of US$1.51. Stock is down 67% over the past year. The company is forecast to post a net loss per share of US$0.20 next year compared to a net loss per share of US$0.67 last year. Reported Earnings • Nov 18
Third quarter 2021 earnings released: US$0.19 loss per share (vs US$0.10 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$29.9m (down 16% from 3Q 2020). Net loss: US$1.86m (down 286% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 08
Price target decreased to US$5.00 Down from US$5.50, the current price target is provided by 1 analyst. New target price is 60% above last closing price of US$3.12. Stock is down 14% over the past year. Reported Earnings • Aug 14
Second quarter 2021 earnings released: US$0.26 loss per share (vs US$0.56 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$30.9m (up 111% from 2Q 2020). Net loss: US$2.51m (loss narrowed 54% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 01
Price target increased to US$5.50 Up from US$5.00, the current price target is provided by 1 analyst. New target price is 49% above last closing price of US$3.70. Stock is up 17% over the past year. お知らせ • Apr 03
Unique Fabricating, Inc. announced delayed annual 10-K filing On 04/01/2021, Unique Fabricating, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Is New 90 Day High Low • Jan 21
New 90-day high: US$7.28 The company is up 92% from its price of US$3.79 on 23 October 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 32% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: US$6.32 The company is up 74% from its price of US$3.63 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: US$5.00 The company is up 60% from its price of US$3.13 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 26% over the same period. Major Estimate Revision • Nov 19
Analysts increase EPS estimates to -US$0.41 The 2020 consensus revenue estimate increased from US$116.7m to US$119.3m. Analysts raised their EPS forecasts from -US$0.57 to -US$0.41 in 2020. The Auto Components industry in the US is expected to see an average net income growth of 47% next year. The consensus price target increased from US$5.00 to US$5.50. Share price is down by 2.9% to US$4.08 over the past week. Analyst Estimate Surprise Post Earnings • Nov 18
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 19% growth forecast for the Auto Components industry in the US. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS US$0.10 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$35.6m (down 7.8% from 3Q 2019). Net income: US$980.0k (up US$2.24m from 3Q 2019). Profit margin: 2.8% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 19% growth forecast for the Auto Components industry in the US. お知らせ • Nov 13
Unique Fabricating, Inc. to Report Q3, 2020 Results on Nov 12, 2020 Unique Fabricating, Inc. announced that they will report Q3, 2020 results at 9:00 AM, Eastern Standard Time on Nov 12, 2020 Is New 90 Day High Low • Nov 13
New 90-day high: US$4.20 The company is up 28% from its price of US$3.28 on 14 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 09
New 90-day high: US$3.63 The company is up 25% from its price of US$2.90 on 10 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 23% over the same period. お知らせ • Aug 07
Unique Fabricating, Inc. to Report Q2, 2020 Results on Aug 13, 2020 Unique Fabricating, Inc. announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Aug 13, 2020