Reported Earnings • Aug 28
Second quarter 2024 earnings released: CA$0.043 loss per share (vs CA$0.019 loss in 2Q 2023) Second quarter 2024 results: CA$0.043 loss per share (further deteriorated from CA$0.019 loss in 2Q 2023). Net loss: CA$3.14m (loss widened 124% from 2Q 2023). 공시 • Jul 06
Amcomri Entertainment Inc., Annual General Meeting, Aug 28, 2024 Amcomri Entertainment Inc., Annual General Meeting, Aug 28, 2024. Reported Earnings • Jun 05
Full year 2023 earnings released: CA$0.065 loss per share (vs CA$0.005 loss in FY 2022) Full year 2023 results: CA$0.065 loss per share (further deteriorated from CA$0.005 loss in FY 2022). Revenue: CA$24.0m (up 73% from FY 2022). Net loss: CA$4.76m (loss widened CA$4.40m from FY 2022). New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 Interest payments are not well covered by earnings (2.0x net interest cover). Shares are highly illiquid. Earnings have declined by 23% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (CA$5.89m market cap, or US$4.32m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (3.7% net profit margin). Board Change • May 27
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. 5 non-independent directors. Independent Director Janet Grove was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 16
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. 5 non-independent directors. Independent Director Janet Grove was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 18
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. 5 non-independent directors. Independent Director Janet Grove was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 22
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. 5 non-independent directors. Independent Director Janet Grove was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: CA$0.034 (vs CA$0.004 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.034 (up from CA$0.004 loss in 3Q 2022). Revenue: CA$6.96m (up 60% from 3Q 2022). Net income: CA$2.52m (up CA$2.83m from 3Q 2022). Profit margin: 36% (up from net loss in 3Q 2022). 공시 • Sep 30
Amcomri Entertainment Inc., Annual General Meeting, Dec 08, 2023 Amcomri Entertainment Inc., Annual General Meeting, Dec 08, 2023. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 3.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 3.6% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (CA$7.36m market cap, or US$5.45m). Minor Risks High level of debt (51% net debt to equity). Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CA$0.021 (vs CA$0.017 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.021 (up from CA$0.017 in 2Q 2022). Revenue: CA$7.51m (up 111% from 2Q 2022). Net income: CA$1.53m (up 21% from 2Q 2022). Profit margin: 20% (down from 35% in 2Q 2022). Board Change • Jul 26
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, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). CFO, Corporate Secretary & Director Larry Howard is the most experienced director on the board, commencing their role in 2020. Independent Director Michelle Kowalchuk was the last independent director to join the board, commencing their role in 2022. 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. 공시 • Jun 29
Amcomri Entertainment Inc. announced that it has received CAD 0.168868 million in funding Amcomri Entertainment Inc. announced that it has signed an private placement agreement to issue 1,298,985 common shares at an issue price of CAD 0.13 per share for gross proceeds of CAD 168,868.05 on June 27, 2023. The transaction included participation from individual investor, Paul McGowan. Board Change • Jun 24
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, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). CFO, Corporate Secretary & Director Larry Howard is the most experienced director on the board, commencing their role in 2020. Independent Director Michelle Kowalchuk was the last independent director to join the board, commencing their role in 2022. 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 • Jun 08
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, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). CFO, Corporate Secretary & Director Larry Howard is the most experienced director on the board, commencing their role in 2020. Independent Director Michelle Kowalchuk was the last independent director to join the board, commencing their role in 2022. 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 • May 25
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, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). CFO, Corporate Secretary & Director Larry Howard is the most experienced director on the board, commencing their role in 2020. Independent Director Michelle Kowalchuk was the last independent director to join the board, commencing their role in 2022. 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 20
First quarter 2023 earnings released: EPS: CA$0.022 (vs CA$0.01 in 1Q 2022) First quarter 2023 results: EPS: CA$0.022 (up from CA$0.01 in 1Q 2022). Revenue: CA$5.12m (up 23% from 1Q 2022). Net income: CA$1.59m (up 104% from 1Q 2022). Profit margin: 31% (up from 19% in 1Q 2022). Reported Earnings • Apr 20
Full year 2022 earnings released: CA$0.005 loss per share (vs CA$0.051 profit in FY 2021) Full year 2022 results: CA$0.005 loss per share (down from CA$0.051 profit in FY 2021). Revenue: CA$13.9m (flat on FY 2021). Net loss: CA$359.9k (down 108% from profit in FY 2021). Board Change • Apr 20
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, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). CFO, Corporate Secretary & Director Larry Howard is the most experienced director on the board, commencing their role in 2020. Independent Director Michelle Kowalchuk was the last independent director to join the board, commencing their role in 2022. 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 16
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, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). CFO, Corporate Secretary & Director Larry Howard is the most experienced director on the board, commencing their role in 2020. Independent Director Michelle Kowalchuk was the last independent director to join the board, commencing their role in 2022. 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. 공시 • Oct 18
Amcomri Entertainment Inc. Appoints Anne Corsak as Abacus' Sales Director for North America Amcomri Entertainment Inc. announced that Anne Corsak has been appointed as Abacus' Sales Director for North America. Anne joined Abacus from Flame Media following its acquisition by Amcomri where she held the position of SVP of Content Sales, responsible for North America and Global Digital Strategy for five years. Prior to this, Anne was VP of International Sales, Acquisitions Executive - VOD for New York-based independent production and distribution company Janson Media from 2012 to 2017, and from 2004 as VP of Sales and Marketing for production and distribution company Global Telemedia. 공시 • Sep 30
Amcomri Entertainment Inc., Annual General Meeting, Dec 06, 2022 Amcomri Entertainment Inc., Annual General Meeting, Dec 06, 2022. Recent Insider Transactions • Sep 28
Non-Executive Chairman recently bought CA$70k worth of stock On the 23rd of September, Paul McGowan bought around 137k shares on-market at roughly CA$0.51 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$128k. Paul has been a buyer over the last 12 months, purchasing a net total of CA$100k worth in shares. Recent Insider Transactions • Sep 03
Insider recently bought CA$128k worth of stock On the 25th of August, Michelle Kowalchuk bought around 256k shares on-market at roughly CA$0.50 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$153k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CA$0.017 (vs CA$14.10 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.017 (down from CA$14.10 in 2Q 2021). Net income: CA$1.26m (down 37% from 2Q 2021). 공시 • Jul 13
Amcomri Entertainment Inc. and Bohemia Media Limited acquired High Quality Library Assets of Screen Media. Amcomri Entertainment Inc. and Bohemia Media Limited acquired High Quality Library Assets of Screen Media on July 11, 2022. Following the acquisition, the assets comprising the library will be distributed by Amcomri’s subsidiary, 101 Films in those territories. Bohemia Media Limited is funding the purchase price with the proceeds of a loan from Head Gear Films.Amcomri Entertainment Inc. and Bohemia Media Limited completed the acquisition of High Quality Library Assets of Screen Media on July 11, 2022. Board Change • Jun 07
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. CFO, Corporate Secretary & Director Larry Howard is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.