Reported Earnings • May 01
Full year 2023 earnings released: US$0.039 loss per share (vs US$0.11 loss in FY 2022) Full year 2023 results: US$0.039 loss per share (improved from US$0.11 loss in FY 2022). Revenue: US$218.9k (up 25% from FY 2022). Net loss: US$654.2k (loss narrowed 62% from FY 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: US$0.003 (vs US$0.028 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.003 (up from US$0.028 loss in 3Q 2022). Net income: US$50.9k (up US$515.4k from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. New Risk • Nov 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor 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 Shares are highly illiquid. Negative equity (-US$6.7m). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m (US$153k revenue). Market cap is less than US$10m (CA$1.35m market cap, or US$987.8k). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). 공시 • Nov 21
ZoomAway Technologies Inc. announced that it has received CAD 0.15 million in funding from AIP Asset Management Inc. On November 20, 2023, ZoomAway Technologies Inc. closed the transaction. Board Change • Oct 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jeremy Green was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 18
ZoomAway Technologies Inc., Annual General Meeting, Dec 01, 2023 ZoomAway Technologies Inc., Annual General Meeting, Dec 01, 2023. Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: US$0.029 loss per share (down from US$0.022 loss in 3Q 2020). Net loss: US$491.5k (loss widened 180% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Dec 03
Third quarter 2020 earnings released: US$0.002 loss per share Third quarter 2020 results: Revenue: -US$54.2k (down 53% from 3Q 2019). Net loss: US$175.6k (loss narrowed 58% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.