This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsFarmers Edge (FDGE) 주식 개요Farmers Edge Inc. develops digital agriculture solutions in Canada, the United States, Brazil, Australia, and internationally. 자세히 보기FDGE 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적0/6재무 건전성0/6배당0/6강점지난 5년 동안 수입이 매년 7.6% 증가했습니다.위험 분석마이너스 주주 지분cash runway 경력이 1년 미만입니다.지난 3개월 동안 주가 변동성이 Canadian 시장과 비교해 높았습니다.의미 있는 시가총액이 없습니다(CA$15M)모든 위험 점검 보기FDGE Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCA$Current PriceCA$0.3469.2% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-115m42m2016201920222025202620282031Revenue CA$28.7mEarnings CA$3.5mAdvancedSet Fair ValueView all narrativesFarmers Edge Inc. 경쟁사Metasphere LabsSymbol: CNSX:LABZMarket cap: CA$6.5mAdcoreSymbol: TSX:ADCOMarket cap: CA$12.8mHello Pal InternationalSymbol: CNSX:HPMarket cap: CA$15.0mBitcoin WellSymbol: TSXV:BTCWMarket cap: CA$18.0m가격 이력 및 성과Farmers Edge 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가CA$0.3452주 최고가CA$0.3552주 최저가CA$0.08베타2.031개월 변동0%3개월 변동43.75%1년 변동97.14%3년 변동-98.07%5년 변동n/aIPO 이후 변동-98.27%최근 뉴스 및 업데이트공시 • Apr 13Nebraska Court Decides in Favour of Farmers EdgeFarmers Edge Inc. announced that the United States District Court for the District of Nebraska has ruled in favour of Farmers Edge in a patent infringement suit brought by AGI SureTrack, LLC (formerly Farmobile, LLC) (“AGI”). The lawsuit, filed by AGI in November, 2021 sought damages and an injunction against the Company for infringement of certain claims in AGI’s U.S. Patents. The court ruled that five patents asserted by AGI purporting to relate to precision agriculture technology are invalid. This decision reflects Farmers Edge’s unwavering dedication to defending its innovation and the integrity of its process. Farmers Edge was represented by Kirkland & Ellis LLP.공시 • Mar 22Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE).Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million on November 16, 2023. Fairfax Financial Holdings Limited entered into a letter of intent to acquire remaining 38.6% stake in Farmers Edge Inc. on January 8, 2024. Fairfax Financial Holdings Limited entered into an arrangement agreement to acquire remaining 38.8% stake in Farmers Edge Inc. on January 22, 2024. As per letter of intent, Fairfax Financial revised the offer to CAD 0.35 per share payable in cash. Fairfax would acquire all of the common shares of Farmers Edge it does not already own for CAD 0.25 per share. The transaction will be financed by cash on hand of Fairfax. Fairfax, through certain of its controlled affiliates, currently owns approximately 61.2% of Farmers Edge’s share. Following completion of the Transaction, the Company expects to be de-listed from the Toronto Stock Exchange and to cease to be a reporting issuer in all provinces and territories of Canada. The proposal is subject to finalization of definitive documentation and minority approval, regulatory, court and/or stock exchange approvals, Farmers Edge shareholders’ approval and certain other customary closing conditions. Shareholders of Farmers Edge do not need to take any action at this time in respect of the proposal from Fairfax and should await further information and guidance from the Independent Committee and the Board. Completion of the Transaction is not subject to any financing condition. The signing of the arrangement agreement followed the unanimous recommendation of the special committee (the “Special Committee”) of independent directors of the Board. Farmers Edge expects to hold a special meeting (the “Special Meeting”) of its shareholders to approve the transaction on or around March 12, 2024. As of January 22, 2024, the transaction is expected to close in the first quarter of 2024. As of March 15, 2024, the Farmers Edge shareholders approved the transaction. The Company intends to seek a final order of the Court of King’s Bench of Manitoba (the “Court”) to approve the Arrangement at a hearing expected to be held on March 19, 2024. As of March 19, 2024, final order of the Court of King’s Bench of Manitoba has been obtained. The arrangement is expected to be completed in March 2024. The transaction is expected to be completed on or about March 21, 2024. BMO Capital Markets acted as financial and fairness opinion provider to Farmers Edge. Goodmans LLP acted as legal advisor to the Independent Committee and McCarthy Tétrault LLP acted as legal advisor to the Farmers Edge. David Chaikof, Janan Paskaran, Jon McDonald, Donald Baker and Logan Orr of Torys LLP acted as legal advisor to Fairfax. Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE) on March 21, 2024.공시 • Mar 20Farmers Edge's Common Shares to Delist from Toronto Stock ExchangeFarmers Edge Inc. announced that it has obtained a final order of the Court of King's Bench of Manitoba approving the previously announced statutory plan of arrangement (the "Arrangement") pursuant to which 15635594 Canada Inc., a subsidiary of Fairfax Financial Holdings Limited ("FFHL") will, among other things, acquire all of the outstanding common shares of the Company (each, a "Common Share"), except for: (i) 25,718,393 Common Shares (representing approximately 61.2% of the outstanding Common Shares) held by FFHL, and its affiliates; and (ii) those Common Shares held by the Company's Chief Executive Officer; for a price of $0.35 in cash per Common Share. Completion of the Arrangement remains subject to the satisfaction of certain customary closing conditions. The Arrangement is expected to be completed on or about March 21, 2024, following which Farmers Edge will no longer be publicly held and the Common Shares will be delisted from the Toronto Stock Exchange.공시 • Jan 24Farmers Edge Inc. Expects to Be De-Listed from the Toronto Stock Exchange Following Completion of the TransactionFarmers Edge Inc. ("Farmers Edge" or the "Company") announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with 15635594 Canada Inc. (the "Purchaser"), a newly-formed subsidiary of the Company's majority shareholder, Fairfax Financial Holdings Limited ("FFHL") and FFHL, as guarantor, in respect of a transaction (the "Transaction") whereby the Purchaser will acquire all of the common shares (the "CommonShares") in the capital of the Company, other than those Common Shares owned by FFHL and its affiliates (collectively, "Fairfax") and the Company's Chief Executive Officer (as described below), at a purchase price of CAD 0.35 per Common Share (the "Purchase Price"), payable in cash. The announcement is the culmination of the negotiations that took place following the receipt by the board of directors of Farmers Edge (the "Board") on November 16, 2023 of an initial proposal from Fairfax at CAD 0.25 per Common Share (the "Original Proposal") and the January 8, 2024 announcement of the signing of a letter of intent by the Company and Fairfax in respect of the Transaction. The signing of the Arrangement Agreement followed the unanimous recommendation of the special committee (the "Special Committee") of independent directors of the Board. Following completion of the Transaction, the Company expects to be de-listed from the Toronto Stock Exchange and to cease to be a reporting issuer in all provinces and territories of Canada.분석 기사 • Jan 23Farmers Edge Inc.'s (TSE:FDGE) Shares Bounce 46% But Its Business Still Trails The IndustryFarmers Edge Inc. ( TSE:FDGE ) shares have continued their recent momentum with a 46% gain in the last month alone...공시 • Nov 18Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million.Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million on November 16, 2023. Fairfax would acquire all of the common shares of Farmers Edge it does not already own for CAD 0.25 per share. Fairfax, through certain of its controlled affiliates, currently owns approximately 61.4% of Farmers Edge’s share. The proposal is subject to finalization of definitive documentation and minority approval. Shareholders of Farmers Edge do not need to take any action at this time in respect of the proposal from Fairfax and should await further information and guidance from the Independent Committee and the Board.더 많은 업데이트 보기Recent updates공시 • Apr 13Nebraska Court Decides in Favour of Farmers EdgeFarmers Edge Inc. announced that the United States District Court for the District of Nebraska has ruled in favour of Farmers Edge in a patent infringement suit brought by AGI SureTrack, LLC (formerly Farmobile, LLC) (“AGI”). The lawsuit, filed by AGI in November, 2021 sought damages and an injunction against the Company for infringement of certain claims in AGI’s U.S. Patents. The court ruled that five patents asserted by AGI purporting to relate to precision agriculture technology are invalid. This decision reflects Farmers Edge’s unwavering dedication to defending its innovation and the integrity of its process. Farmers Edge was represented by Kirkland & Ellis LLP.공시 • Mar 22Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE).Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million on November 16, 2023. Fairfax Financial Holdings Limited entered into a letter of intent to acquire remaining 38.6% stake in Farmers Edge Inc. on January 8, 2024. Fairfax Financial Holdings Limited entered into an arrangement agreement to acquire remaining 38.8% stake in Farmers Edge Inc. on January 22, 2024. As per letter of intent, Fairfax Financial revised the offer to CAD 0.35 per share payable in cash. Fairfax would acquire all of the common shares of Farmers Edge it does not already own for CAD 0.25 per share. The transaction will be financed by cash on hand of Fairfax. Fairfax, through certain of its controlled affiliates, currently owns approximately 61.2% of Farmers Edge’s share. Following completion of the Transaction, the Company expects to be de-listed from the Toronto Stock Exchange and to cease to be a reporting issuer in all provinces and territories of Canada. The proposal is subject to finalization of definitive documentation and minority approval, regulatory, court and/or stock exchange approvals, Farmers Edge shareholders’ approval and certain other customary closing conditions. Shareholders of Farmers Edge do not need to take any action at this time in respect of the proposal from Fairfax and should await further information and guidance from the Independent Committee and the Board. Completion of the Transaction is not subject to any financing condition. The signing of the arrangement agreement followed the unanimous recommendation of the special committee (the “Special Committee”) of independent directors of the Board. Farmers Edge expects to hold a special meeting (the “Special Meeting”) of its shareholders to approve the transaction on or around March 12, 2024. As of January 22, 2024, the transaction is expected to close in the first quarter of 2024. As of March 15, 2024, the Farmers Edge shareholders approved the transaction. The Company intends to seek a final order of the Court of King’s Bench of Manitoba (the “Court”) to approve the Arrangement at a hearing expected to be held on March 19, 2024. As of March 19, 2024, final order of the Court of King’s Bench of Manitoba has been obtained. The arrangement is expected to be completed in March 2024. The transaction is expected to be completed on or about March 21, 2024. BMO Capital Markets acted as financial and fairness opinion provider to Farmers Edge. Goodmans LLP acted as legal advisor to the Independent Committee and McCarthy Tétrault LLP acted as legal advisor to the Farmers Edge. David Chaikof, Janan Paskaran, Jon McDonald, Donald Baker and Logan Orr of Torys LLP acted as legal advisor to Fairfax. Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE) on March 21, 2024.공시 • Mar 20Farmers Edge's Common Shares to Delist from Toronto Stock ExchangeFarmers Edge Inc. announced that it has obtained a final order of the Court of King's Bench of Manitoba approving the previously announced statutory plan of arrangement (the "Arrangement") pursuant to which 15635594 Canada Inc., a subsidiary of Fairfax Financial Holdings Limited ("FFHL") will, among other things, acquire all of the outstanding common shares of the Company (each, a "Common Share"), except for: (i) 25,718,393 Common Shares (representing approximately 61.2% of the outstanding Common Shares) held by FFHL, and its affiliates; and (ii) those Common Shares held by the Company's Chief Executive Officer; for a price of $0.35 in cash per Common Share. Completion of the Arrangement remains subject to the satisfaction of certain customary closing conditions. The Arrangement is expected to be completed on or about March 21, 2024, following which Farmers Edge will no longer be publicly held and the Common Shares will be delisted from the Toronto Stock Exchange.공시 • Jan 24Farmers Edge Inc. Expects to Be De-Listed from the Toronto Stock Exchange Following Completion of the TransactionFarmers Edge Inc. ("Farmers Edge" or the "Company") announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with 15635594 Canada Inc. (the "Purchaser"), a newly-formed subsidiary of the Company's majority shareholder, Fairfax Financial Holdings Limited ("FFHL") and FFHL, as guarantor, in respect of a transaction (the "Transaction") whereby the Purchaser will acquire all of the common shares (the "CommonShares") in the capital of the Company, other than those Common Shares owned by FFHL and its affiliates (collectively, "Fairfax") and the Company's Chief Executive Officer (as described below), at a purchase price of CAD 0.35 per Common Share (the "Purchase Price"), payable in cash. The announcement is the culmination of the negotiations that took place following the receipt by the board of directors of Farmers Edge (the "Board") on November 16, 2023 of an initial proposal from Fairfax at CAD 0.25 per Common Share (the "Original Proposal") and the January 8, 2024 announcement of the signing of a letter of intent by the Company and Fairfax in respect of the Transaction. The signing of the Arrangement Agreement followed the unanimous recommendation of the special committee (the "Special Committee") of independent directors of the Board. Following completion of the Transaction, the Company expects to be de-listed from the Toronto Stock Exchange and to cease to be a reporting issuer in all provinces and territories of Canada.분석 기사 • Jan 23Farmers Edge Inc.'s (TSE:FDGE) Shares Bounce 46% But Its Business Still Trails The IndustryFarmers Edge Inc. ( TSE:FDGE ) shares have continued their recent momentum with a 46% gain in the last month alone...공시 • Nov 18Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million.Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million on November 16, 2023. Fairfax would acquire all of the common shares of Farmers Edge it does not already own for CAD 0.25 per share. Fairfax, through certain of its controlled affiliates, currently owns approximately 61.4% of Farmers Edge’s share. The proposal is subject to finalization of definitive documentation and minority approval. Shareholders of Farmers Edge do not need to take any action at this time in respect of the proposal from Fairfax and should await further information and guidance from the Independent Committee and the Board.Price Target Changed • Nov 18Price target increased by 75% to CA$0.17Up from CA$0.10, the current price target is an average from 2 analysts. New target price is 27% below last closing price of CA$0.24. Stock is down 21% over the past year. The company posted a net loss per share of CA$2.07 last year.Reported Earnings • Nov 11Third quarter 2023 earnings released: CA$0.43 loss per share (vs CA$0.50 loss in 3Q 2022)Third quarter 2023 results: CA$0.43 loss per share (improved from CA$0.50 loss in 3Q 2022). Revenue: CA$4.43m (down 26% from 3Q 2022). Net loss: CA$17.9m (loss narrowed 15% from 3Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.공시 • Oct 31Embratel Launches Platform to Drive Digital Transformation in the Field with Farmers EdgeEmbratel announced the launch of the Smart Farm solutions platform to boost the adoption of connectivity and digital tools in agribusiness. The new solution unites technologies and connectivity and was developed together with Farmers Edge. The platform includes high-resolution satellite imagery services, weather stations, telemetry, soil sampling, data processing with Artificial Intelligence and Machine Learning, data management application, as well as support and customized training for farmers. The Smart Farm platform is available to the market with four modules: Smart Imagery: provides high-frequency, high-resolution satellite imagery, as well as unique maps of the farms. Through the management of this data, the automatic detection of possible pests, diseases, nutritional deficiencies, climatic injuries, application failures, equipment malfunctions and drainage problems are made. When recognizing a change, the solution automatically notifies the farmer so that the necessary corrections can be made. Smart Insite: operates crop monitoring and digital agriculture with a special focus on climate. The solution enables and improves agronomic decisions through data capture in the field and allows for predictive analysis and modeling. It consists of a weather station that collects information on weather conditions, such as humidity, temperature, precipitation in real time; and offers high-frequency, high-resolution satellite imagery. In this way, it is possible to have knowledge of the microclimate of the property, better programming operations according to weather conditions. Smart: the solution unites the technologies and functionalities of the Smart Imagery and Smart Insite offerings, adding the use of telemetry to monitor equipment, such as harvesters, in real time. Telemetry allows tracking of machinery, also providing route history and other indicators. Thus, operations are monitored, enabling immediate adjustments in case of incorrect use of equipment, such as inadequate traffic speed. It also allows the identification of possible operational failures and fuel use savings. Smart VR: the solution brings the functionalities and technologies of the Smart offer, in addition to an agronomic consultancy that performs soil sampling and analysis, enabling the optimization and correct application of inputs, fertilizers and correctives, through planting maps. The solution supports the promotion of resource savings and the adoption of sustainable best practices. All these solutions have a management application that presents in real time all the indicators collected by the tools, benefiting the programming of operations and the performance of predictive procedures to improve the harvesting process.공시 • Oct 26Farmers Edge Inc. to Report Q3, 2023 Results on Nov 08, 2023Farmers Edge Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023분석 기사 • Oct 26Lacklustre Performance Is Driving Farmers Edge Inc.'s (TSE:FDGE) 43% Price DropUnfortunately for some shareholders, the Farmers Edge Inc. ( TSE:FDGE ) share price has dived 43% in the last thirty...Reported Earnings • Aug 13Second quarter 2023 earnings released: CA$0.44 loss per share (vs CA$0.56 loss in 2Q 2022)Second quarter 2023 results: CA$0.44 loss per share (improved from CA$0.56 loss in 2Q 2022). Revenue: CA$5.18m (down 33% from 2Q 2022). Net loss: CA$18.6m (loss narrowed 21% from 2Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.공시 • Jul 26Farmers Edge Inc. to Report Q2, 2023 Results on Aug 10, 2023Farmers Edge Inc. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023공시 • Jul 09Farmers Edge Inc. Announces Chief Financial Officer ChangesFarmers Edge Inc. announced that Cindy Yuan, Chief Financial Officer, has left the Company as of July 7, 2023. Jay Jung, VP, Finance, will assume all responsibilities in leading the Finance team and function. Mr. Jung was hired inearly 2023 and has a strong background in accounting, management and organizational transformation.Reported Earnings • May 13First quarter 2023 earnings released: CA$0.44 loss per share (vs CA$0.53 loss in 1Q 2022)First quarter 2023 results: CA$0.44 loss per share (improved from CA$0.53 loss in 1Q 2022). Revenue: CA$6.30m (down 26% from 1Q 2022). Net loss: CA$18.7m (loss narrowed 16% from 1Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.Price Target Changed • Mar 27Price target decreased by 24% to CA$0.28Down from CA$0.36, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CA$0.18. Stock is down 93% over the past year. The company posted a net loss per share of CA$2.07 last year.Major Estimate Revision • Mar 21Consensus revenue estimates decrease by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CA$39.7m to CA$32.4m. EPS estimate unchanged at -CA$1.20 per share. Software industry in Canada expected to see average net income decline 11% next year. Consensus price target down from CA$0.36 to CA$0.32. Share price fell 19% to CA$0.21 over the past week.Reported Earnings • Mar 15Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: CA$2.07 loss per share (further deteriorated from CA$1.81 loss in FY 2021). Revenue: CA$32.8m (down 9.4% from FY 2021). Net loss: CA$86.9m (loss widened 31% from FY 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada.Price Target Changed • Feb 12Price target decreased by 9.4% to CA$0.36Down from CA$0.40, the current price target is an average from 4 analysts. New target price is 34% above last closing price of CA$0.27. Stock is down 92% over the past year. The company is forecast to post a net loss per share of CA$1.77 next year compared to a net loss per share of CA$1.81 last year.분석 기사 • Nov 23Some Analysts Just Cut Their Farmers Edge Inc. (TSE:FDGE) EstimatesMarket forces rained on the parade of Farmers Edge Inc. ( TSE:FDGE ) shareholders today, when the analysts downgraded...Major Estimate Revision • Nov 17Consensus revenue estimates fall by 20%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$40.2m to CA$32.3m. Forecast losses increased from -CA$1.76 to -CA$1.87 per share. Software industry in Canada expected to see average net income decline 6.5% next year. Consensus price target down from CA$1.04 to CA$0.93. Share price fell 15% to CA$0.35 over the past week.Price Target Changed • Nov 16Price target decreased to CA$1.04Down from CA$1.13, the current price target is an average from 6 analysts. New target price is 185% above last closing price of CA$0.36. Stock is down 89% over the past year. The company is forecast to post a net loss per share of CA$1.76 next year compared to a net loss per share of CA$1.81 last year.Reported Earnings • Nov 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: CA$0.50 loss per share (further deteriorated from CA$0.46 loss in 3Q 2021). Revenue: CA$5.94m (down 13% from 3Q 2021). Net loss: CA$21.1m (loss widened 9.1% from 3Q 2021). Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada.공시 • Oct 29Farmers Edge Inc. to Report Q3, 2022 Results on Nov 10, 2022Farmers Edge Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 10, 2022공시 • Sep 23Farmers Edge Inc. Announces Resignation of Wade Barnes as Member of the Board of DirectorsFarmers Edge Inc. announced the resignation of Wade Barnes as a member of the Board of Directors.Major Estimate Revision • Aug 18Consensus revenue estimates fall by 15%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$49.0m to CA$41.4m. Forecast losses increased from -CA$1.66 to -CA$1.76 per share. Software industry in Canada expected to see average net income decline 5.3% next year. Consensus price target down from CA$3.02 to CA$1.58. Share price fell 28% to CA$0.87 over the past week.분석 기사 • Aug 16Newsflash: Farmers Edge Inc. (TSE:FDGE) Analysts Have Been Trimming Their Revenue ForecastsThe analysts covering Farmers Edge Inc. ( TSE:FDGE ) delivered a dose of negativity to shareholders today, by making a...공시 • Aug 16Farmers Edge Appoints Vibhore Arora to the Board of DirectorsFarmers Edge announced the appointment of Vibhore Arora, Farmers Edge Chief Executive Officer, to the Company's Board of Directors following the Continuance.Price Target Changed • Aug 15Price target decreased to CA$2.61Down from CA$3.19, the current price target is an average from 6 analysts. New target price is 166% above last closing price of CA$0.98. Stock is down 78% over the past year. The company is forecast to post a net loss per share of CA$1.67 next year compared to a net loss per share of CA$1.81 last year.Reported Earnings • Aug 12Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: CA$0.56 loss per share (down from CA$0.24 loss in 2Q 2021). Revenue: CA$7.68m (up 25% from 2Q 2021). Net loss: CA$23.5m (loss widened 135% from 2Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 48%, compared to a 23% growth forecast for the industry in Canada.공시 • Jul 28Farmers Edge Inc. to Report Q2, 2022 Results on Aug 11, 2022Farmers Edge Inc. announced that they will report Q2, 2022 results After-Market on Aug 11, 2022공시 • Jun 28Farmers Edge Inc. Announces Departure of Anita Wortzman as President, Effective June 30, 2022Farmers Edge Inc. announced the departure of its President, Anita Wortzman, effective June 30, 2022. Wortzman served as President since 2018. Under her leadership, the Company made significant advances within the Agtech pace. Her strong business acumen coupled with operational expertise have helped the Company break new ground.공시 • May 21Farmers Edge Inc. Announces Departure of Ron Osborne as Chief Technology Officer, Effective May 31, 2022Farmers Edge Inc. announced the departure of its Chief Technology Officer Ron Osborne, effective May 31, 2022. Osborne will remain involved as a consultant to ensure a smooth transition.분석 기사 • May 20The Consensus EPS Estimates For Farmers Edge Inc. (TSE:FDGE) Just Fell DramaticallyMarket forces rained on the parade of Farmers Edge Inc. ( TSE:FDGE ) shareholders today, when the analysts downgraded...Major Estimate Revision • May 19Consensus revenue estimates fall by 16%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$58.8m to CA$49.1m. Forecast losses increased from -CA$1.43 to -CA$1.66 per share. Software industry in Canada expected to see average net income decline 0.6% next year. Consensus price target down from CA$3.65 to CA$3.36. Share price fell 14% to CA$2.41 over the past week.공시 • May 18+ 1 more updateFarmers Edge Inc. Announces Enhancements to Canola Heat Blast Yield ProtectionFarmers Edge Inc. announced enhancements to Canola Heat Blast Yield Protection, an innovative insurance product distributed through its wholly owned subsidiary, DigiAg Risk Management Inc. Expanding on the 2021 release, the unique parametric coverage will now be available to farmers as a standard property and casualty solution with less paperwork and no legal entity or minimum asset requirements. The Company has also increased its capacity to cover more acres and provide coverage opportunities to reach more farmers across Manitoba, Saskatchewan, and Alberta.Reported Earnings • May 13First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: CA$0.53 loss per share. Revenue: CA$8.56m (down 13% from 1Q 2021). Net loss: CA$22.2m (loss widened 28% from 1Q 2021). Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 77%, compared to a 27% growth forecast for the industry in Canada.공시 • May 05Farmers Edge Inc. to Report Q1, 2022 Results on May 12, 2022Farmers Edge Inc. announced that they will report Q1, 2022 results After-Market on May 12, 2022Price Target Changed • Apr 27Price target decreased to CA$3.65Down from CA$4.39, the current price target is an average from 6 analysts. New target price is 38% above last closing price of CA$2.65. Stock is down 85% over the past year. The company is forecast to post a net loss per share of CA$1.43 next year compared to a net loss per share of CA$1.81 last year.공시 • Apr 05Farmers Edge Inc., Annual General Meeting, Jun 15, 2022Farmers Edge Inc., Annual General Meeting, Jun 15, 2022.분석 기사 • Apr 01Things Look Grim For Farmers Edge Inc. (TSE:FDGE) After Today's DowngradeThe latest analyst coverage could presage a bad day for Farmers Edge Inc. ( TSE:FDGE ), with the analysts making...Major Estimate Revision • Apr 01Consensus revenue estimates fall by 17%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$70.5m to CA$58.8m. Forecast losses increased from -CA$0.93 to -CA$1.43 per share. Software industry in Canada expected to see average net income growth of 14% next year. Consensus price target down from CA$4.89 to CA$4.06. Share price rose 6.4% to CA$3.18 over the past week.Price Target Changed • Mar 31Price target decreased to CA$3.65Down from CA$4.39, the current price target is an average from 6 analysts. New target price is 15% above last closing price of CA$3.18. Stock is down 82% over the past year. The company is forecast to post a net loss per share of CA$1.39 next year compared to a net loss per share of CA$1.81 last year.공시 • Mar 30Farmers Edge Inc. Expands Executive Leadership TeamFarmers Edge Inc. announced the addition of two new executives: Rob Meijer as Executive Vice President of Corporate Development and Matt Hesse as Executive Vice President of Global Operations. Meijer will be responsible for the Company’s corporate development, including strategic partnerships, joint ventures, and global sustainability initiatives to further accelerate its long-term growth. As a seasoned and dynamic executive, he has demonstrated success in delivering results across international markets. Previously, Meijer held high-profile positions as CEO & VP of International Marketing/Business Development for Canada Beef Inc., and Executive Director of Corporate Affairs for Cargill Ltd. Most recently, he held the role of Vice President of Business Development, Marketing, and Sustainability for JBS Foods Canada, the world’s protein company. With 25 years of experience leading teams in retail and precision agriculture, Matt Hesse’s background covers a wealth of competencies, including retail technology, sales strategies, supply chain distribution, forecasting, channel management, and strategic planning. Hesse is deeply connected to the global AgTech industry with extensive experience holding senior leadership roles across top agribusinesses, including Winfield United, AGCO, and Trimble Worldwide/Ag Division. Most recently, he served a four-year tenure as CEO of FieldReveal, a cloud-based precision ag platform.Price Target Changed • Mar 29Price target decreased to CA$4.06Down from CA$4.52, the current price target is an average from 6 analysts. New target price is 35% above last closing price of CA$3.02. Stock is down 83% over the past year. The company is forecast to post a net loss per share of CA$0.93 next year compared to a net loss per share of CA$1.81 last year.Reported Earnings • Mar 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: CA$1.81 loss per share (up from CA$8.01 loss in FY 2020). Revenue: CA$36.2m (down 21% from FY 2020). Net loss: CA$66.4m (loss narrowed 22% from FY 2020). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 95%, compared to a 28% growth forecast for the industry in Canada.분석 기사 • Feb 04We're Keeping An Eye On Farmers Edge's (TSE:FDGE) Cash Burn RateEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Recent Insider Transactions • Nov 22Independent Chair of the Board recently bought CA$98k worth of stockOn the 18th of November, R. McFarland bought around 28k shares on-market at roughly CA$3.45 per share. This was the largest purchase by an insider in the last 3 months. R. has been a buyer over the last 12 months, purchasing a net total of CA$287k worth in shares.Reported Earnings • Nov 12Third quarter 2021 earnings released: CA$0.46 loss per share (vs CA$2.01 loss in 3Q 2020)The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: CA$6.82m (down 34% from 3Q 2020). Net loss: CA$19.4m (loss narrowed 2.5% from 3Q 2020).분석 기사 • Nov 02Is Farmers Edge (TSE:FDGE) In A Good Position To Deliver On Growth Plans?Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...Executive Departure • Oct 07Chief Financial Officer David Patrick has left the companyOn the 30th of September, David Patrick's tenure as Chief Financial Officer ended after 1.2 years in the role. As of June 2021, David still personally held 28.57k shares (CA$342k worth at the time). David is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model.공시 • Sep 02Farmers Edge Inc. and Merit Functional Foods Launches Pilot Program Aimed At Improving the Production, Quality, Traceability, and Marketing Opportunities of Canadian Protein CropsFarmers Edge Inc. and Merit Functional Foods (Merit) have launched a pilot program aimed at improving the production, quality, traceability, and marketing opportunities of Canadian protein crops. Merit is a Canadian producer of non-GMO pea protein and is first to market in the world with non-GMO canola protein. The new program will improve the efficiency, sustainability, and competitiveness of the ingredients produced by Merit, thereby increasing returns for growers and creating a reliable food supply to meet an increasing demand. Plant-based eating is on the rise globally, and the market for plant proteins continues to grow rapidly. This partnership will leverage the power of connected field sensors and big data analytics to create a high-tech solution that enhances predictive modeling, digital traceability, and connectivity within the agri-food supply chain. The pilot’s marketing element will focus on matching buyers to producers, executing contracts, and searching out or monitoring regulatory and other standards. A fully digitized, streamlined process makes it easy for producers to participate in the program and access higher-value global markets, which leads to increased farm income. As the demand for plant protein rises, so does the demand for transparency in the market and the ability to trace the origin of foods back to the farm. Traceability audits have gone from a one-page checklist to a binder of paperwork to verify crop production data. Farmers Edge provides a comprehensive digital platform that includes crop types, plant dates, applications, predicted yields, harvested yields, historical practices, and other field data. This information is automatically stored in an organized, secure, and consistent format, where traceability becomes a clear-cut process. Farmers Edge growers can diversify their portfolio of market opportunities to meet the evolving needs of consumers, and food companies can more easily source top-quality ingredients with the verified records they need for labelling and marketing.Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from CA$61.9m to CA$46.6m. EPS estimate unchanged from -CA$0.89 per share at last update. Software industry in Canada expected to see average net income growth of 20% next year. Consensus price target down from CA$18.50 to CA$7.13. Share price fell 51% to CA$4.46 over the past week.Recent Insider Transactions • Aug 18Independent Chair of the Board recently bought CA$189k worth of stockOn the 16th of August, R. McFarland bought around 40k shares on-market at roughly CA$4.73 per share. This was the largest purchase by an insider in the last 3 months. This was R.'s only on-market trade for the last 12 months.Breakeven Date Change • Aug 17No longer forecast to breakevenThe 4 analysts covering Farmers Edge no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CA$18.4m in 2023. New consensus forecast suggests the company will make a loss of CA$17.0m in 2023.주주 수익률FDGECA SoftwareCA 시장7D0%5.9%-0.07%1Y97.1%-39.1%33.7%전체 주주 수익률 보기수익률 대 산업: FDGE은 지난 1년 동안 -39.1%의 수익을 기록한 Canadian Software 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: FDGE은 지난 1년 동안 33.7%를 기록한 Canadian 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is FDGE's price volatile compared to industry and market?FDGE volatilityFDGE Average Weekly Movement14.0%Software Industry Average Movement10.3%Market Average Movement10.3%10% most volatile stocks in CA Market18.1%10% least volatile stocks in CA Market3.9%안정적인 주가: FDGE의 주가는 지난 3개월 동안 Canadian 시장보다 변동성이 컸습니다.시간에 따른 변동성: FDGE의 주간 변동성은 지난 1년간 23%에서 14%로 감소했지만 여전히 Canadian 종목의 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트2005n/aVibhore Arorawww.farmersedge.ca더 보기Farmers Edge Inc. 기초 지표 요약Farmers Edge의 순이익과 매출은 시가총액과 어떻게 비교됩니까?FDGE 기초 통계시가총액CA$14.50m순이익 (TTM)-CA$75.20m매출 (TTM)CA$26.50m0.5x주가매출비율(P/S)-0.2x주가수익비율(P/E)FDGE는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표FDGE 손익계산서 (TTM)매출CA$26.50m매출원가CA$43.18m총이익-CA$16.68m기타 비용CA$58.52m순이익-CA$75.20m최근 보고된 실적Sep 30, 2023다음 실적 발표일해당 없음주당순이익(EPS)-1.79총이익률-62.96%순이익률-283.83%부채/자본 비율-234.4%FDGE의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/03/26 20:04종가2024/03/26 00:00수익2023/09/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Farmers Edge Inc.는 6명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Nicholas BoychukATB Cormark Historical (Cormark Securities)Douglas TaylorCanaccord GenuityJacob BoutCIBC Capital Markets3명의 분석가 더 보기
공시 • Apr 13Nebraska Court Decides in Favour of Farmers EdgeFarmers Edge Inc. announced that the United States District Court for the District of Nebraska has ruled in favour of Farmers Edge in a patent infringement suit brought by AGI SureTrack, LLC (formerly Farmobile, LLC) (“AGI”). The lawsuit, filed by AGI in November, 2021 sought damages and an injunction against the Company for infringement of certain claims in AGI’s U.S. Patents. The court ruled that five patents asserted by AGI purporting to relate to precision agriculture technology are invalid. This decision reflects Farmers Edge’s unwavering dedication to defending its innovation and the integrity of its process. Farmers Edge was represented by Kirkland & Ellis LLP.
공시 • Mar 22Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE).Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million on November 16, 2023. Fairfax Financial Holdings Limited entered into a letter of intent to acquire remaining 38.6% stake in Farmers Edge Inc. on January 8, 2024. Fairfax Financial Holdings Limited entered into an arrangement agreement to acquire remaining 38.8% stake in Farmers Edge Inc. on January 22, 2024. As per letter of intent, Fairfax Financial revised the offer to CAD 0.35 per share payable in cash. Fairfax would acquire all of the common shares of Farmers Edge it does not already own for CAD 0.25 per share. The transaction will be financed by cash on hand of Fairfax. Fairfax, through certain of its controlled affiliates, currently owns approximately 61.2% of Farmers Edge’s share. Following completion of the Transaction, the Company expects to be de-listed from the Toronto Stock Exchange and to cease to be a reporting issuer in all provinces and territories of Canada. The proposal is subject to finalization of definitive documentation and minority approval, regulatory, court and/or stock exchange approvals, Farmers Edge shareholders’ approval and certain other customary closing conditions. Shareholders of Farmers Edge do not need to take any action at this time in respect of the proposal from Fairfax and should await further information and guidance from the Independent Committee and the Board. Completion of the Transaction is not subject to any financing condition. The signing of the arrangement agreement followed the unanimous recommendation of the special committee (the “Special Committee”) of independent directors of the Board. Farmers Edge expects to hold a special meeting (the “Special Meeting”) of its shareholders to approve the transaction on or around March 12, 2024. As of January 22, 2024, the transaction is expected to close in the first quarter of 2024. As of March 15, 2024, the Farmers Edge shareholders approved the transaction. The Company intends to seek a final order of the Court of King’s Bench of Manitoba (the “Court”) to approve the Arrangement at a hearing expected to be held on March 19, 2024. As of March 19, 2024, final order of the Court of King’s Bench of Manitoba has been obtained. The arrangement is expected to be completed in March 2024. The transaction is expected to be completed on or about March 21, 2024. BMO Capital Markets acted as financial and fairness opinion provider to Farmers Edge. Goodmans LLP acted as legal advisor to the Independent Committee and McCarthy Tétrault LLP acted as legal advisor to the Farmers Edge. David Chaikof, Janan Paskaran, Jon McDonald, Donald Baker and Logan Orr of Torys LLP acted as legal advisor to Fairfax. Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE) on March 21, 2024.
공시 • Mar 20Farmers Edge's Common Shares to Delist from Toronto Stock ExchangeFarmers Edge Inc. announced that it has obtained a final order of the Court of King's Bench of Manitoba approving the previously announced statutory plan of arrangement (the "Arrangement") pursuant to which 15635594 Canada Inc., a subsidiary of Fairfax Financial Holdings Limited ("FFHL") will, among other things, acquire all of the outstanding common shares of the Company (each, a "Common Share"), except for: (i) 25,718,393 Common Shares (representing approximately 61.2% of the outstanding Common Shares) held by FFHL, and its affiliates; and (ii) those Common Shares held by the Company's Chief Executive Officer; for a price of $0.35 in cash per Common Share. Completion of the Arrangement remains subject to the satisfaction of certain customary closing conditions. The Arrangement is expected to be completed on or about March 21, 2024, following which Farmers Edge will no longer be publicly held and the Common Shares will be delisted from the Toronto Stock Exchange.
공시 • Jan 24Farmers Edge Inc. Expects to Be De-Listed from the Toronto Stock Exchange Following Completion of the TransactionFarmers Edge Inc. ("Farmers Edge" or the "Company") announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with 15635594 Canada Inc. (the "Purchaser"), a newly-formed subsidiary of the Company's majority shareholder, Fairfax Financial Holdings Limited ("FFHL") and FFHL, as guarantor, in respect of a transaction (the "Transaction") whereby the Purchaser will acquire all of the common shares (the "CommonShares") in the capital of the Company, other than those Common Shares owned by FFHL and its affiliates (collectively, "Fairfax") and the Company's Chief Executive Officer (as described below), at a purchase price of CAD 0.35 per Common Share (the "Purchase Price"), payable in cash. The announcement is the culmination of the negotiations that took place following the receipt by the board of directors of Farmers Edge (the "Board") on November 16, 2023 of an initial proposal from Fairfax at CAD 0.25 per Common Share (the "Original Proposal") and the January 8, 2024 announcement of the signing of a letter of intent by the Company and Fairfax in respect of the Transaction. The signing of the Arrangement Agreement followed the unanimous recommendation of the special committee (the "Special Committee") of independent directors of the Board. Following completion of the Transaction, the Company expects to be de-listed from the Toronto Stock Exchange and to cease to be a reporting issuer in all provinces and territories of Canada.
분석 기사 • Jan 23Farmers Edge Inc.'s (TSE:FDGE) Shares Bounce 46% But Its Business Still Trails The IndustryFarmers Edge Inc. ( TSE:FDGE ) shares have continued their recent momentum with a 46% gain in the last month alone...
공시 • Nov 18Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million.Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million on November 16, 2023. Fairfax would acquire all of the common shares of Farmers Edge it does not already own for CAD 0.25 per share. Fairfax, through certain of its controlled affiliates, currently owns approximately 61.4% of Farmers Edge’s share. The proposal is subject to finalization of definitive documentation and minority approval. Shareholders of Farmers Edge do not need to take any action at this time in respect of the proposal from Fairfax and should await further information and guidance from the Independent Committee and the Board.
공시 • Apr 13Nebraska Court Decides in Favour of Farmers EdgeFarmers Edge Inc. announced that the United States District Court for the District of Nebraska has ruled in favour of Farmers Edge in a patent infringement suit brought by AGI SureTrack, LLC (formerly Farmobile, LLC) (“AGI”). The lawsuit, filed by AGI in November, 2021 sought damages and an injunction against the Company for infringement of certain claims in AGI’s U.S. Patents. The court ruled that five patents asserted by AGI purporting to relate to precision agriculture technology are invalid. This decision reflects Farmers Edge’s unwavering dedication to defending its innovation and the integrity of its process. Farmers Edge was represented by Kirkland & Ellis LLP.
공시 • Mar 22Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE).Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million on November 16, 2023. Fairfax Financial Holdings Limited entered into a letter of intent to acquire remaining 38.6% stake in Farmers Edge Inc. on January 8, 2024. Fairfax Financial Holdings Limited entered into an arrangement agreement to acquire remaining 38.8% stake in Farmers Edge Inc. on January 22, 2024. As per letter of intent, Fairfax Financial revised the offer to CAD 0.35 per share payable in cash. Fairfax would acquire all of the common shares of Farmers Edge it does not already own for CAD 0.25 per share. The transaction will be financed by cash on hand of Fairfax. Fairfax, through certain of its controlled affiliates, currently owns approximately 61.2% of Farmers Edge’s share. Following completion of the Transaction, the Company expects to be de-listed from the Toronto Stock Exchange and to cease to be a reporting issuer in all provinces and territories of Canada. The proposal is subject to finalization of definitive documentation and minority approval, regulatory, court and/or stock exchange approvals, Farmers Edge shareholders’ approval and certain other customary closing conditions. Shareholders of Farmers Edge do not need to take any action at this time in respect of the proposal from Fairfax and should await further information and guidance from the Independent Committee and the Board. Completion of the Transaction is not subject to any financing condition. The signing of the arrangement agreement followed the unanimous recommendation of the special committee (the “Special Committee”) of independent directors of the Board. Farmers Edge expects to hold a special meeting (the “Special Meeting”) of its shareholders to approve the transaction on or around March 12, 2024. As of January 22, 2024, the transaction is expected to close in the first quarter of 2024. As of March 15, 2024, the Farmers Edge shareholders approved the transaction. The Company intends to seek a final order of the Court of King’s Bench of Manitoba (the “Court”) to approve the Arrangement at a hearing expected to be held on March 19, 2024. As of March 19, 2024, final order of the Court of King’s Bench of Manitoba has been obtained. The arrangement is expected to be completed in March 2024. The transaction is expected to be completed on or about March 21, 2024. BMO Capital Markets acted as financial and fairness opinion provider to Farmers Edge. Goodmans LLP acted as legal advisor to the Independent Committee and McCarthy Tétrault LLP acted as legal advisor to the Farmers Edge. David Chaikof, Janan Paskaran, Jon McDonald, Donald Baker and Logan Orr of Torys LLP acted as legal advisor to Fairfax. Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE) on March 21, 2024.
공시 • Mar 20Farmers Edge's Common Shares to Delist from Toronto Stock ExchangeFarmers Edge Inc. announced that it has obtained a final order of the Court of King's Bench of Manitoba approving the previously announced statutory plan of arrangement (the "Arrangement") pursuant to which 15635594 Canada Inc., a subsidiary of Fairfax Financial Holdings Limited ("FFHL") will, among other things, acquire all of the outstanding common shares of the Company (each, a "Common Share"), except for: (i) 25,718,393 Common Shares (representing approximately 61.2% of the outstanding Common Shares) held by FFHL, and its affiliates; and (ii) those Common Shares held by the Company's Chief Executive Officer; for a price of $0.35 in cash per Common Share. Completion of the Arrangement remains subject to the satisfaction of certain customary closing conditions. The Arrangement is expected to be completed on or about March 21, 2024, following which Farmers Edge will no longer be publicly held and the Common Shares will be delisted from the Toronto Stock Exchange.
공시 • Jan 24Farmers Edge Inc. Expects to Be De-Listed from the Toronto Stock Exchange Following Completion of the TransactionFarmers Edge Inc. ("Farmers Edge" or the "Company") announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with 15635594 Canada Inc. (the "Purchaser"), a newly-formed subsidiary of the Company's majority shareholder, Fairfax Financial Holdings Limited ("FFHL") and FFHL, as guarantor, in respect of a transaction (the "Transaction") whereby the Purchaser will acquire all of the common shares (the "CommonShares") in the capital of the Company, other than those Common Shares owned by FFHL and its affiliates (collectively, "Fairfax") and the Company's Chief Executive Officer (as described below), at a purchase price of CAD 0.35 per Common Share (the "Purchase Price"), payable in cash. The announcement is the culmination of the negotiations that took place following the receipt by the board of directors of Farmers Edge (the "Board") on November 16, 2023 of an initial proposal from Fairfax at CAD 0.25 per Common Share (the "Original Proposal") and the January 8, 2024 announcement of the signing of a letter of intent by the Company and Fairfax in respect of the Transaction. The signing of the Arrangement Agreement followed the unanimous recommendation of the special committee (the "Special Committee") of independent directors of the Board. Following completion of the Transaction, the Company expects to be de-listed from the Toronto Stock Exchange and to cease to be a reporting issuer in all provinces and territories of Canada.
분석 기사 • Jan 23Farmers Edge Inc.'s (TSE:FDGE) Shares Bounce 46% But Its Business Still Trails The IndustryFarmers Edge Inc. ( TSE:FDGE ) shares have continued their recent momentum with a 46% gain in the last month alone...
공시 • Nov 18Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million.Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million on November 16, 2023. Fairfax would acquire all of the common shares of Farmers Edge it does not already own for CAD 0.25 per share. Fairfax, through certain of its controlled affiliates, currently owns approximately 61.4% of Farmers Edge’s share. The proposal is subject to finalization of definitive documentation and minority approval. Shareholders of Farmers Edge do not need to take any action at this time in respect of the proposal from Fairfax and should await further information and guidance from the Independent Committee and the Board.
Price Target Changed • Nov 18Price target increased by 75% to CA$0.17Up from CA$0.10, the current price target is an average from 2 analysts. New target price is 27% below last closing price of CA$0.24. Stock is down 21% over the past year. The company posted a net loss per share of CA$2.07 last year.
Reported Earnings • Nov 11Third quarter 2023 earnings released: CA$0.43 loss per share (vs CA$0.50 loss in 3Q 2022)Third quarter 2023 results: CA$0.43 loss per share (improved from CA$0.50 loss in 3Q 2022). Revenue: CA$4.43m (down 26% from 3Q 2022). Net loss: CA$17.9m (loss narrowed 15% from 3Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.
공시 • Oct 31Embratel Launches Platform to Drive Digital Transformation in the Field with Farmers EdgeEmbratel announced the launch of the Smart Farm solutions platform to boost the adoption of connectivity and digital tools in agribusiness. The new solution unites technologies and connectivity and was developed together with Farmers Edge. The platform includes high-resolution satellite imagery services, weather stations, telemetry, soil sampling, data processing with Artificial Intelligence and Machine Learning, data management application, as well as support and customized training for farmers. The Smart Farm platform is available to the market with four modules: Smart Imagery: provides high-frequency, high-resolution satellite imagery, as well as unique maps of the farms. Through the management of this data, the automatic detection of possible pests, diseases, nutritional deficiencies, climatic injuries, application failures, equipment malfunctions and drainage problems are made. When recognizing a change, the solution automatically notifies the farmer so that the necessary corrections can be made. Smart Insite: operates crop monitoring and digital agriculture with a special focus on climate. The solution enables and improves agronomic decisions through data capture in the field and allows for predictive analysis and modeling. It consists of a weather station that collects information on weather conditions, such as humidity, temperature, precipitation in real time; and offers high-frequency, high-resolution satellite imagery. In this way, it is possible to have knowledge of the microclimate of the property, better programming operations according to weather conditions. Smart: the solution unites the technologies and functionalities of the Smart Imagery and Smart Insite offerings, adding the use of telemetry to monitor equipment, such as harvesters, in real time. Telemetry allows tracking of machinery, also providing route history and other indicators. Thus, operations are monitored, enabling immediate adjustments in case of incorrect use of equipment, such as inadequate traffic speed. It also allows the identification of possible operational failures and fuel use savings. Smart VR: the solution brings the functionalities and technologies of the Smart offer, in addition to an agronomic consultancy that performs soil sampling and analysis, enabling the optimization and correct application of inputs, fertilizers and correctives, through planting maps. The solution supports the promotion of resource savings and the adoption of sustainable best practices. All these solutions have a management application that presents in real time all the indicators collected by the tools, benefiting the programming of operations and the performance of predictive procedures to improve the harvesting process.
공시 • Oct 26Farmers Edge Inc. to Report Q3, 2023 Results on Nov 08, 2023Farmers Edge Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023
분석 기사 • Oct 26Lacklustre Performance Is Driving Farmers Edge Inc.'s (TSE:FDGE) 43% Price DropUnfortunately for some shareholders, the Farmers Edge Inc. ( TSE:FDGE ) share price has dived 43% in the last thirty...
Reported Earnings • Aug 13Second quarter 2023 earnings released: CA$0.44 loss per share (vs CA$0.56 loss in 2Q 2022)Second quarter 2023 results: CA$0.44 loss per share (improved from CA$0.56 loss in 2Q 2022). Revenue: CA$5.18m (down 33% from 2Q 2022). Net loss: CA$18.6m (loss narrowed 21% from 2Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.
공시 • Jul 26Farmers Edge Inc. to Report Q2, 2023 Results on Aug 10, 2023Farmers Edge Inc. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023
공시 • Jul 09Farmers Edge Inc. Announces Chief Financial Officer ChangesFarmers Edge Inc. announced that Cindy Yuan, Chief Financial Officer, has left the Company as of July 7, 2023. Jay Jung, VP, Finance, will assume all responsibilities in leading the Finance team and function. Mr. Jung was hired inearly 2023 and has a strong background in accounting, management and organizational transformation.
Reported Earnings • May 13First quarter 2023 earnings released: CA$0.44 loss per share (vs CA$0.53 loss in 1Q 2022)First quarter 2023 results: CA$0.44 loss per share (improved from CA$0.53 loss in 1Q 2022). Revenue: CA$6.30m (down 26% from 1Q 2022). Net loss: CA$18.7m (loss narrowed 16% from 1Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.
Price Target Changed • Mar 27Price target decreased by 24% to CA$0.28Down from CA$0.36, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CA$0.18. Stock is down 93% over the past year. The company posted a net loss per share of CA$2.07 last year.
Major Estimate Revision • Mar 21Consensus revenue estimates decrease by 18%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CA$39.7m to CA$32.4m. EPS estimate unchanged at -CA$1.20 per share. Software industry in Canada expected to see average net income decline 11% next year. Consensus price target down from CA$0.36 to CA$0.32. Share price fell 19% to CA$0.21 over the past week.
Reported Earnings • Mar 15Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: CA$2.07 loss per share (further deteriorated from CA$1.81 loss in FY 2021). Revenue: CA$32.8m (down 9.4% from FY 2021). Net loss: CA$86.9m (loss widened 31% from FY 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada.
Price Target Changed • Feb 12Price target decreased by 9.4% to CA$0.36Down from CA$0.40, the current price target is an average from 4 analysts. New target price is 34% above last closing price of CA$0.27. Stock is down 92% over the past year. The company is forecast to post a net loss per share of CA$1.77 next year compared to a net loss per share of CA$1.81 last year.
분석 기사 • Nov 23Some Analysts Just Cut Their Farmers Edge Inc. (TSE:FDGE) EstimatesMarket forces rained on the parade of Farmers Edge Inc. ( TSE:FDGE ) shareholders today, when the analysts downgraded...
Major Estimate Revision • Nov 17Consensus revenue estimates fall by 20%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$40.2m to CA$32.3m. Forecast losses increased from -CA$1.76 to -CA$1.87 per share. Software industry in Canada expected to see average net income decline 6.5% next year. Consensus price target down from CA$1.04 to CA$0.93. Share price fell 15% to CA$0.35 over the past week.
Price Target Changed • Nov 16Price target decreased to CA$1.04Down from CA$1.13, the current price target is an average from 6 analysts. New target price is 185% above last closing price of CA$0.36. Stock is down 89% over the past year. The company is forecast to post a net loss per share of CA$1.76 next year compared to a net loss per share of CA$1.81 last year.
Reported Earnings • Nov 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: CA$0.50 loss per share (further deteriorated from CA$0.46 loss in 3Q 2021). Revenue: CA$5.94m (down 13% from 3Q 2021). Net loss: CA$21.1m (loss widened 9.1% from 3Q 2021). Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada.
공시 • Oct 29Farmers Edge Inc. to Report Q3, 2022 Results on Nov 10, 2022Farmers Edge Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 10, 2022
공시 • Sep 23Farmers Edge Inc. Announces Resignation of Wade Barnes as Member of the Board of DirectorsFarmers Edge Inc. announced the resignation of Wade Barnes as a member of the Board of Directors.
Major Estimate Revision • Aug 18Consensus revenue estimates fall by 15%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$49.0m to CA$41.4m. Forecast losses increased from -CA$1.66 to -CA$1.76 per share. Software industry in Canada expected to see average net income decline 5.3% next year. Consensus price target down from CA$3.02 to CA$1.58. Share price fell 28% to CA$0.87 over the past week.
분석 기사 • Aug 16Newsflash: Farmers Edge Inc. (TSE:FDGE) Analysts Have Been Trimming Their Revenue ForecastsThe analysts covering Farmers Edge Inc. ( TSE:FDGE ) delivered a dose of negativity to shareholders today, by making a...
공시 • Aug 16Farmers Edge Appoints Vibhore Arora to the Board of DirectorsFarmers Edge announced the appointment of Vibhore Arora, Farmers Edge Chief Executive Officer, to the Company's Board of Directors following the Continuance.
Price Target Changed • Aug 15Price target decreased to CA$2.61Down from CA$3.19, the current price target is an average from 6 analysts. New target price is 166% above last closing price of CA$0.98. Stock is down 78% over the past year. The company is forecast to post a net loss per share of CA$1.67 next year compared to a net loss per share of CA$1.81 last year.
Reported Earnings • Aug 12Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: CA$0.56 loss per share (down from CA$0.24 loss in 2Q 2021). Revenue: CA$7.68m (up 25% from 2Q 2021). Net loss: CA$23.5m (loss widened 135% from 2Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 48%, compared to a 23% growth forecast for the industry in Canada.
공시 • Jul 28Farmers Edge Inc. to Report Q2, 2022 Results on Aug 11, 2022Farmers Edge Inc. announced that they will report Q2, 2022 results After-Market on Aug 11, 2022
공시 • Jun 28Farmers Edge Inc. Announces Departure of Anita Wortzman as President, Effective June 30, 2022Farmers Edge Inc. announced the departure of its President, Anita Wortzman, effective June 30, 2022. Wortzman served as President since 2018. Under her leadership, the Company made significant advances within the Agtech pace. Her strong business acumen coupled with operational expertise have helped the Company break new ground.
공시 • May 21Farmers Edge Inc. Announces Departure of Ron Osborne as Chief Technology Officer, Effective May 31, 2022Farmers Edge Inc. announced the departure of its Chief Technology Officer Ron Osborne, effective May 31, 2022. Osborne will remain involved as a consultant to ensure a smooth transition.
분석 기사 • May 20The Consensus EPS Estimates For Farmers Edge Inc. (TSE:FDGE) Just Fell DramaticallyMarket forces rained on the parade of Farmers Edge Inc. ( TSE:FDGE ) shareholders today, when the analysts downgraded...
Major Estimate Revision • May 19Consensus revenue estimates fall by 16%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$58.8m to CA$49.1m. Forecast losses increased from -CA$1.43 to -CA$1.66 per share. Software industry in Canada expected to see average net income decline 0.6% next year. Consensus price target down from CA$3.65 to CA$3.36. Share price fell 14% to CA$2.41 over the past week.
공시 • May 18+ 1 more updateFarmers Edge Inc. Announces Enhancements to Canola Heat Blast Yield ProtectionFarmers Edge Inc. announced enhancements to Canola Heat Blast Yield Protection, an innovative insurance product distributed through its wholly owned subsidiary, DigiAg Risk Management Inc. Expanding on the 2021 release, the unique parametric coverage will now be available to farmers as a standard property and casualty solution with less paperwork and no legal entity or minimum asset requirements. The Company has also increased its capacity to cover more acres and provide coverage opportunities to reach more farmers across Manitoba, Saskatchewan, and Alberta.
Reported Earnings • May 13First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: CA$0.53 loss per share. Revenue: CA$8.56m (down 13% from 1Q 2021). Net loss: CA$22.2m (loss widened 28% from 1Q 2021). Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 77%, compared to a 27% growth forecast for the industry in Canada.
공시 • May 05Farmers Edge Inc. to Report Q1, 2022 Results on May 12, 2022Farmers Edge Inc. announced that they will report Q1, 2022 results After-Market on May 12, 2022
Price Target Changed • Apr 27Price target decreased to CA$3.65Down from CA$4.39, the current price target is an average from 6 analysts. New target price is 38% above last closing price of CA$2.65. Stock is down 85% over the past year. The company is forecast to post a net loss per share of CA$1.43 next year compared to a net loss per share of CA$1.81 last year.
공시 • Apr 05Farmers Edge Inc., Annual General Meeting, Jun 15, 2022Farmers Edge Inc., Annual General Meeting, Jun 15, 2022.
분석 기사 • Apr 01Things Look Grim For Farmers Edge Inc. (TSE:FDGE) After Today's DowngradeThe latest analyst coverage could presage a bad day for Farmers Edge Inc. ( TSE:FDGE ), with the analysts making...
Major Estimate Revision • Apr 01Consensus revenue estimates fall by 17%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$70.5m to CA$58.8m. Forecast losses increased from -CA$0.93 to -CA$1.43 per share. Software industry in Canada expected to see average net income growth of 14% next year. Consensus price target down from CA$4.89 to CA$4.06. Share price rose 6.4% to CA$3.18 over the past week.
Price Target Changed • Mar 31Price target decreased to CA$3.65Down from CA$4.39, the current price target is an average from 6 analysts. New target price is 15% above last closing price of CA$3.18. Stock is down 82% over the past year. The company is forecast to post a net loss per share of CA$1.39 next year compared to a net loss per share of CA$1.81 last year.
공시 • Mar 30Farmers Edge Inc. Expands Executive Leadership TeamFarmers Edge Inc. announced the addition of two new executives: Rob Meijer as Executive Vice President of Corporate Development and Matt Hesse as Executive Vice President of Global Operations. Meijer will be responsible for the Company’s corporate development, including strategic partnerships, joint ventures, and global sustainability initiatives to further accelerate its long-term growth. As a seasoned and dynamic executive, he has demonstrated success in delivering results across international markets. Previously, Meijer held high-profile positions as CEO & VP of International Marketing/Business Development for Canada Beef Inc., and Executive Director of Corporate Affairs for Cargill Ltd. Most recently, he held the role of Vice President of Business Development, Marketing, and Sustainability for JBS Foods Canada, the world’s protein company. With 25 years of experience leading teams in retail and precision agriculture, Matt Hesse’s background covers a wealth of competencies, including retail technology, sales strategies, supply chain distribution, forecasting, channel management, and strategic planning. Hesse is deeply connected to the global AgTech industry with extensive experience holding senior leadership roles across top agribusinesses, including Winfield United, AGCO, and Trimble Worldwide/Ag Division. Most recently, he served a four-year tenure as CEO of FieldReveal, a cloud-based precision ag platform.
Price Target Changed • Mar 29Price target decreased to CA$4.06Down from CA$4.52, the current price target is an average from 6 analysts. New target price is 35% above last closing price of CA$3.02. Stock is down 83% over the past year. The company is forecast to post a net loss per share of CA$0.93 next year compared to a net loss per share of CA$1.81 last year.
Reported Earnings • Mar 28Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: CA$1.81 loss per share (up from CA$8.01 loss in FY 2020). Revenue: CA$36.2m (down 21% from FY 2020). Net loss: CA$66.4m (loss narrowed 22% from FY 2020). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 95%, compared to a 28% growth forecast for the industry in Canada.
분석 기사 • Feb 04We're Keeping An Eye On Farmers Edge's (TSE:FDGE) Cash Burn RateEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Recent Insider Transactions • Nov 22Independent Chair of the Board recently bought CA$98k worth of stockOn the 18th of November, R. McFarland bought around 28k shares on-market at roughly CA$3.45 per share. This was the largest purchase by an insider in the last 3 months. R. has been a buyer over the last 12 months, purchasing a net total of CA$287k worth in shares.
Reported Earnings • Nov 12Third quarter 2021 earnings released: CA$0.46 loss per share (vs CA$2.01 loss in 3Q 2020)The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: CA$6.82m (down 34% from 3Q 2020). Net loss: CA$19.4m (loss narrowed 2.5% from 3Q 2020).
분석 기사 • Nov 02Is Farmers Edge (TSE:FDGE) In A Good Position To Deliver On Growth Plans?Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Executive Departure • Oct 07Chief Financial Officer David Patrick has left the companyOn the 30th of September, David Patrick's tenure as Chief Financial Officer ended after 1.2 years in the role. As of June 2021, David still personally held 28.57k shares (CA$342k worth at the time). David is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model.
공시 • Sep 02Farmers Edge Inc. and Merit Functional Foods Launches Pilot Program Aimed At Improving the Production, Quality, Traceability, and Marketing Opportunities of Canadian Protein CropsFarmers Edge Inc. and Merit Functional Foods (Merit) have launched a pilot program aimed at improving the production, quality, traceability, and marketing opportunities of Canadian protein crops. Merit is a Canadian producer of non-GMO pea protein and is first to market in the world with non-GMO canola protein. The new program will improve the efficiency, sustainability, and competitiveness of the ingredients produced by Merit, thereby increasing returns for growers and creating a reliable food supply to meet an increasing demand. Plant-based eating is on the rise globally, and the market for plant proteins continues to grow rapidly. This partnership will leverage the power of connected field sensors and big data analytics to create a high-tech solution that enhances predictive modeling, digital traceability, and connectivity within the agri-food supply chain. The pilot’s marketing element will focus on matching buyers to producers, executing contracts, and searching out or monitoring regulatory and other standards. A fully digitized, streamlined process makes it easy for producers to participate in the program and access higher-value global markets, which leads to increased farm income. As the demand for plant protein rises, so does the demand for transparency in the market and the ability to trace the origin of foods back to the farm. Traceability audits have gone from a one-page checklist to a binder of paperwork to verify crop production data. Farmers Edge provides a comprehensive digital platform that includes crop types, plant dates, applications, predicted yields, harvested yields, historical practices, and other field data. This information is automatically stored in an organized, secure, and consistent format, where traceability becomes a clear-cut process. Farmers Edge growers can diversify their portfolio of market opportunities to meet the evolving needs of consumers, and food companies can more easily source top-quality ingredients with the verified records they need for labelling and marketing.
Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from CA$61.9m to CA$46.6m. EPS estimate unchanged from -CA$0.89 per share at last update. Software industry in Canada expected to see average net income growth of 20% next year. Consensus price target down from CA$18.50 to CA$7.13. Share price fell 51% to CA$4.46 over the past week.
Recent Insider Transactions • Aug 18Independent Chair of the Board recently bought CA$189k worth of stockOn the 16th of August, R. McFarland bought around 40k shares on-market at roughly CA$4.73 per share. This was the largest purchase by an insider in the last 3 months. This was R.'s only on-market trade for the last 12 months.
Breakeven Date Change • Aug 17No longer forecast to breakevenThe 4 analysts covering Farmers Edge no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CA$18.4m in 2023. New consensus forecast suggests the company will make a loss of CA$17.0m in 2023.
