View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 EventsSurface Transforms 과거 순이익 실적과거 기준 점검 0/6Surface Transforms 의 수입은 연평균 -47.7%의 비율로 감소해 온 반면, Auto Components 산업은 연평균 11.8%의 비율로 감소했습니다. 매출은 연평균 35.7%의 비율로 증가해 왔습니다.핵심 정보-47.67%순이익 성장률-16.16%주당순이익(EPS) 성장률Auto Components 산업 성장률17.28%매출 성장률35.74%자기자본이익률-379.96%순이익률-174.20%최근 순이익 업데이트30 Jun 2025최근 과거 실적 업데이트Reported Earnings • Oct 03First half 2024 earnings released: UK£0.013 loss per share (vs UK£0.021 loss in 1H 2023)First half 2024 results: UK£0.013 loss per share. Revenue: UK£4.65m (up 58% from 1H 2023). Net loss: UK£7.05m (loss widened 41% from 1H 2023). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.Reported Earnings • Jun 30Full year 2023 earnings released: UK£0.079 loss per share (vs UK£0.023 loss in FY 2022)Full year 2023 results: UK£0.079 loss per share (further deteriorated from UK£0.023 loss in FY 2022). Revenue: UK£7.31m (up 43% from FY 2022). Net loss: UK£19.6m (loss widened 309% from FY 2022). Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany.Reported Earnings • Sep 28First half 2023 earnings released: UK£0.02 loss per share (vs UK£0.011 loss in 1H 2022)First half 2023 results: UK£0.02 loss per share (further deteriorated from UK£0.011 loss in 1H 2022). Revenue: UK£3.28m (up 15% from 1H 2022). Net loss: UK£4.84m (loss widened 123% from 1H 2022). Revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany.공시 • Aug 01Surface Transforms Plc to Report First Half, 2023 Results on Sep 27, 2023Surface Transforms Plc announced that they will report first half, 2023 results on Sep 27, 2023모든 업데이트 보기Recent updates공시 • Apr 25Surface Transforms plc Announces Board Changes, Effective April 22, 2026Surface Transforms Plc announced that following the appointment of Joint Administrators, Ian Cleminson, Julia Woodhouse, Mathew Taylor and Paul Marr have resigned as directors of the Company with immediate effect.공시 • Jan 19Surface Transforms Plc Provides Earnings Guidance for the Fiscal Year of 2026Surface Transforms Plc provided earnings guidance for the fiscal year of 2026. For the period, it expects to deliver revenue of approximately £27.0 million.공시 • Jun 10Surface Transforms Plc, Annual General Meeting, Jul 22, 2025Surface Transforms Plc, Annual General Meeting, Jul 22, 2025. Location: 98 king street, m2 4wu, manchester United Kingdom공시 • Mar 06Surface Transforms Plc Announces CFO ChangesSurface Transforms Plc announced that Isabelle Maddock, CFO has informed the Board of her intention to retire effective 30 June 2025. To facilitate a successful handover and continuity, the Board announced the appointment of Steven Harrison as Interim Chief Financial Officer (non-PLC board), effective 17 March 2025. Steven is a seasoned finance professional with over 20 years in CFO roles based in the UK and Internationally and has a broad range of business experience including IPOs, M&A, public and private companies as well as situations with challenging business environments. Steven joins Surface Transforms from Aurorium, a PE backed global manufacturer of speciality chemicals where he was interim European CFO, prior to which he was CFO at Saietta Group plc.Board Change • Nov 13Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Director Matthew Gordon Taylor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 07Surface Transforms plc Announces Board ChangesSurface Transforms Plc announced that Andrew Kitchingman, non-executive chairman, has resigned with immediate effect. Ian Cleminson will become chairman on an interim basis until a successor has been appointed.Reported Earnings • Oct 03First half 2024 earnings released: UK£0.013 loss per share (vs UK£0.021 loss in 1H 2023)First half 2024 results: UK£0.013 loss per share. Revenue: UK£4.65m (up 58% from 1H 2023). Net loss: UK£7.05m (loss widened 41% from 1H 2023). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.New Risk • Sep 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €5.63m (US$6.27m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (1,424% average daily change). Shareholders have been substantially diluted in the past year (439% increase in shares outstanding). Market cap is less than US$10m (€5.63m market cap, or US$6.27m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (UK£2.8m net loss in 2 years).공시 • Sep 16Surface Transforms plc Announces Board ChangesSurface Transforms Plc announced appointment of Andrew Kitchingman as non-executive chair, with immediate effect. Andrew is an experienced public company director, including being non-executive chair of Mpac Group plc since 2016, and also a non-executive director of Andrew Sykes Group plc and London Security Group plc. Prior to Andrew's non-executive career, he spent many successful years in corporate finance, working for both consultancy firms and stockbrokers, including KPMG, Hill Samuel, Albert E Sharp, Brewin Dolphin and WH Ireland, across a wide range of business sectors, both public and private. Andrew is also a Fellow of the Institute of Chartered Accountants in England and Wales. David Bundred will step down as chair and retire from the Board with immediate effect.Reported Earnings • Jun 30Full year 2023 earnings released: UK£0.079 loss per share (vs UK£0.023 loss in FY 2022)Full year 2023 results: UK£0.079 loss per share (further deteriorated from UK£0.023 loss in FY 2022). Revenue: UK£7.31m (up 43% from FY 2022). Net loss: UK£19.6m (loss widened 309% from FY 2022). Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany.공시 • Jun 29Surface Transforms Plc, Annual General Meeting, Jul 23, 2024Surface Transforms Plc, Annual General Meeting, Jul 23, 2024. Location: 1 paternoster square, ec4m 7dx, london United Kingdom공시 • May 25Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £9.5 million.Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £9.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 650,000,000 Price\Range: £0.01 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 300,000,000 Price\Range: £0.01 Transaction Features: Rights Offering; Subsequent Direct ListingBreakeven Date Change • May 10No longer forecast to breakevenThe 3 analysts covering Surface Transforms no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of UK£11.0m in 2025. New consensus forecast suggests the company will make a loss of UK£1.21m in 2025.New Risk • May 03New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: UK£7.4m Forecast net loss in 2 years: UK£1.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (897% average daily change). Market cap is less than US$10m (€4.82m market cap, or US$5.19m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (UK£1.7m net loss in 2 years). Shareholders have been diluted in the past year (46% increase in shares outstanding).공시 • May 03Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £8.5 million.Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £8.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 650,000,000 Price\Range: £0.01 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 200,000,000 Price\Range: £0.01 Transaction Features: Rights Offering; Subsequent Direct Listing공시 • Apr 17Surface Transforms plc Provides Sales Guidance for the Fiscal Year 2024Surface Transforms Plc provided sales guidance for the fiscal year 2024. For the year, the company Sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to Fiscal Year 2023 sales of £8.3m, resulting in a projected Fiscal Year 2024 range of £17.5 million to £22 million sales.New Risk • Apr 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risk Share price has been highly volatile over the past 3 months (44% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (€16.1m market cap, or US$17.1m).공시 • Apr 11+ 1 more updateSurface Transforms Plc Maintains Sales Guidance for the Year Ending 31 December 2024Surface Transforms Plc is maintaining sales guidance for the year ending 31 December 2024. For the year, the company is maintaining sales guidance of £23 million.공시 • Jan 08Surface Transforms plc Provides Revenue Guidance for 2024Surface Transforms Plc provided revenue guidance for 2024. The Company is maintaining its revenue guidance at £23 million.공시 • Dec 13Surface Transforms Plc announced that it expects to receive £13.2 million in fundingSurface Transforms Plc announced that it has signed a £13,200,000 loan agreement with the Liverpool City Region Urban Development Fundwhich is part funded by the European Regional Development Fund on December 11, 2023. The loan facility is available for drawdown over an initial two-year period and will be progressively deployed exclusively for capital expenditure purposes. Quarterly capital repayments will commence in the first quarter following the completion of the availability period. Completion of this loan agreement was a condition precedent to the second phase of the recent equity placing. This condition has now been satisfied. The passing of the necessary resolutions is expected at the forthcoming General Meeting on December 18, 2023.New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Market cap is less than US$100m (€31.6m market cap, or US$34.4m).공시 • Nov 15Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £10 million.Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £10 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 80,000,000 Price\Range: £0.1 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 20,000,000 Price\Range: £0.1 Transaction Features: Regulation S; Rights Offering; Subsequent Direct ListingNew Risk • Nov 09New major risk - Revenue and earnings growthEarnings have declined by 25% 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 Less than 1 year of cash runway based on free cash flow trend (-UK£19m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (€36.1m market cap, or US$38.6m).New Risk • Nov 04New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£19m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£19m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (€44.6m market cap, or US$47.9m).공시 • Nov 04Surface Transforms plc Provides Sales Guidance for the Year to December 2023Surface Transforms Plc provided sales guidance for the year to December 2023. The company is now planning its cash needs and customer commitments based on a shallower ramp and now expects to reach the required rate of production in first quarter 2024, later than previously forecast. As a result, the company is reducing its sales guidance for the year to December 2023 to £8.6 million.Reported Earnings • Sep 28First half 2023 earnings released: UK£0.02 loss per share (vs UK£0.011 loss in 1H 2022)First half 2023 results: UK£0.02 loss per share (further deteriorated from UK£0.011 loss in 1H 2022). Revenue: UK£3.28m (up 15% from 1H 2022). Net loss: UK£4.84m (loss widened 123% from 1H 2022). Revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany.공시 • Aug 01Surface Transforms Plc to Report First Half, 2023 Results on Sep 27, 2023Surface Transforms Plc announced that they will report first half, 2023 results on Sep 27, 2023Breakeven Date Change • Jun 28Forecast breakeven date pushed back to 2024The 3 analysts covering Surface Transforms previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of UK£5.35m in 2024. Average annual earnings growth of 99% is required to achieve expected profit on schedule.New Risk • Jun 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €90.0m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Significant insider selling over the past 3 months (€412k sold). Market cap is less than US$100m (€90.0m market cap, or US$98.6m).공시 • Jun 20+ 1 more updateSurface Transforms plc Appoints Isabelle Maddock as an Executive Director of the Board, Effective 4 September 2023Surface Transforms plc announced the appointment of Isabelle Maddock as an Executive Director of the Board. Isabelle will join the Company on 4 September 2023. Isabelle joins Surface Transforms from James Cropper plc, where she was CFO for the past nine years. Isabelle has 30 years of experience in finance across a variety of sectors and is a fellow of the Chartered Institute of Management Accountants. During her 17-year tenure at James Cropper plc, an advanced materials and paper products manufacturing group, she held senior financial positions before promotion to their board of directors in 2014.공시 • May 31Surface Transforms Appoints Stephen Easton as the New (Non-Board) Chief Operating Officer, Effective 4 September 2023Surface Transforms announced the appointment of Stephen Easton as the new (non-board) Chief Operating Officer, effective 4 September 2023. Stephen joins the Company from SGL Carbon where he is currently UK Managing Director. During his 16-year tenure at SGL Carbon, a graphite and fibre manufacturing company, he has held various leadership positions both in the UK and US, specialising in carbon and oxidised fibre. Prior to this, he worked in a number of different operational roles for Brand-Rex, a cable manufacturing company. He holds an honours degree in Manufacturing Engineering & Management from the University of Dundee.매출 및 비용 세부 내역Surface Transforms가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:XE4 매출, 비용 및 순이익 (GBP Millions)날짜매출순이익일반관리비연구개발비30 Jun 2512-2061531 Mar 2510-2161531 Dec 248-2261530 Sep 249-2261430 Jun 249-2251331 Mar 248-2151131 Dec 237-2051030 Sep 236-145830 Jun 234-85731 Mar 234-74631 Dec 224-53630 Sep 224-53530 Jun 224-43431 Mar 223-43431 Dec 212-42330 Sep 212-32330 Jun 212-32331 Mar 212-32331 Dec 202-22230 Jun 203-32331 Mar 203-22331 Dec 192-22331 May 191-22228 Feb 191-21230 Nov 181-21231 Aug 181-21231 May 181-21228 Feb 181-21230 Nov 171-21231 Aug 171-21231 May 171-21228 Feb 171-21230 Nov 161-21131 Aug 161-11131 May 161-11129 Feb 161-11130 Nov 151-11131 Aug 151-11131 May 151-111양질의 수익: XE4 은(는) 현재 수익성이 없습니다.이익 마진 증가: XE4는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: XE4은 수익성이 없으며 지난 5년 동안 손실이 연평균 47.7% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 XE4의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: XE4은 수익성이 없어 지난 해 수익 성장률을 Auto Components 업계(-9.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: XE4는 현재 수익성이 없으므로 자본 수익률이 음수(-379.96%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YAutomobiles 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 03:00종가2026/03/12 00:00수익2025/06/30연간 수익2024/12/31데이터 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 소스Surface Transforms Plc는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Robin BydeZeus Capital Limited
Reported Earnings • Oct 03First half 2024 earnings released: UK£0.013 loss per share (vs UK£0.021 loss in 1H 2023)First half 2024 results: UK£0.013 loss per share. Revenue: UK£4.65m (up 58% from 1H 2023). Net loss: UK£7.05m (loss widened 41% from 1H 2023). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.
Reported Earnings • Jun 30Full year 2023 earnings released: UK£0.079 loss per share (vs UK£0.023 loss in FY 2022)Full year 2023 results: UK£0.079 loss per share (further deteriorated from UK£0.023 loss in FY 2022). Revenue: UK£7.31m (up 43% from FY 2022). Net loss: UK£19.6m (loss widened 309% from FY 2022). Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany.
Reported Earnings • Sep 28First half 2023 earnings released: UK£0.02 loss per share (vs UK£0.011 loss in 1H 2022)First half 2023 results: UK£0.02 loss per share (further deteriorated from UK£0.011 loss in 1H 2022). Revenue: UK£3.28m (up 15% from 1H 2022). Net loss: UK£4.84m (loss widened 123% from 1H 2022). Revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany.
공시 • Aug 01Surface Transforms Plc to Report First Half, 2023 Results on Sep 27, 2023Surface Transforms Plc announced that they will report first half, 2023 results on Sep 27, 2023
공시 • Apr 25Surface Transforms plc Announces Board Changes, Effective April 22, 2026Surface Transforms Plc announced that following the appointment of Joint Administrators, Ian Cleminson, Julia Woodhouse, Mathew Taylor and Paul Marr have resigned as directors of the Company with immediate effect.
공시 • Jan 19Surface Transforms Plc Provides Earnings Guidance for the Fiscal Year of 2026Surface Transforms Plc provided earnings guidance for the fiscal year of 2026. For the period, it expects to deliver revenue of approximately £27.0 million.
공시 • Jun 10Surface Transforms Plc, Annual General Meeting, Jul 22, 2025Surface Transforms Plc, Annual General Meeting, Jul 22, 2025. Location: 98 king street, m2 4wu, manchester United Kingdom
공시 • Mar 06Surface Transforms Plc Announces CFO ChangesSurface Transforms Plc announced that Isabelle Maddock, CFO has informed the Board of her intention to retire effective 30 June 2025. To facilitate a successful handover and continuity, the Board announced the appointment of Steven Harrison as Interim Chief Financial Officer (non-PLC board), effective 17 March 2025. Steven is a seasoned finance professional with over 20 years in CFO roles based in the UK and Internationally and has a broad range of business experience including IPOs, M&A, public and private companies as well as situations with challenging business environments. Steven joins Surface Transforms from Aurorium, a PE backed global manufacturer of speciality chemicals where he was interim European CFO, prior to which he was CFO at Saietta Group plc.
Board Change • Nov 13Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Director Matthew Gordon Taylor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 07Surface Transforms plc Announces Board ChangesSurface Transforms Plc announced that Andrew Kitchingman, non-executive chairman, has resigned with immediate effect. Ian Cleminson will become chairman on an interim basis until a successor has been appointed.
Reported Earnings • Oct 03First half 2024 earnings released: UK£0.013 loss per share (vs UK£0.021 loss in 1H 2023)First half 2024 results: UK£0.013 loss per share. Revenue: UK£4.65m (up 58% from 1H 2023). Net loss: UK£7.05m (loss widened 41% from 1H 2023). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.
New Risk • Sep 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €5.63m (US$6.27m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (1,424% average daily change). Shareholders have been substantially diluted in the past year (439% increase in shares outstanding). Market cap is less than US$10m (€5.63m market cap, or US$6.27m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (UK£2.8m net loss in 2 years).
공시 • Sep 16Surface Transforms plc Announces Board ChangesSurface Transforms Plc announced appointment of Andrew Kitchingman as non-executive chair, with immediate effect. Andrew is an experienced public company director, including being non-executive chair of Mpac Group plc since 2016, and also a non-executive director of Andrew Sykes Group plc and London Security Group plc. Prior to Andrew's non-executive career, he spent many successful years in corporate finance, working for both consultancy firms and stockbrokers, including KPMG, Hill Samuel, Albert E Sharp, Brewin Dolphin and WH Ireland, across a wide range of business sectors, both public and private. Andrew is also a Fellow of the Institute of Chartered Accountants in England and Wales. David Bundred will step down as chair and retire from the Board with immediate effect.
Reported Earnings • Jun 30Full year 2023 earnings released: UK£0.079 loss per share (vs UK£0.023 loss in FY 2022)Full year 2023 results: UK£0.079 loss per share (further deteriorated from UK£0.023 loss in FY 2022). Revenue: UK£7.31m (up 43% from FY 2022). Net loss: UK£19.6m (loss widened 309% from FY 2022). Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany.
공시 • Jun 29Surface Transforms Plc, Annual General Meeting, Jul 23, 2024Surface Transforms Plc, Annual General Meeting, Jul 23, 2024. Location: 1 paternoster square, ec4m 7dx, london United Kingdom
공시 • May 25Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £9.5 million.Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £9.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 650,000,000 Price\Range: £0.01 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 300,000,000 Price\Range: £0.01 Transaction Features: Rights Offering; Subsequent Direct Listing
Breakeven Date Change • May 10No longer forecast to breakevenThe 3 analysts covering Surface Transforms no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of UK£11.0m in 2025. New consensus forecast suggests the company will make a loss of UK£1.21m in 2025.
New Risk • May 03New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: UK£7.4m Forecast net loss in 2 years: UK£1.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (897% average daily change). Market cap is less than US$10m (€4.82m market cap, or US$5.19m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (UK£1.7m net loss in 2 years). Shareholders have been diluted in the past year (46% increase in shares outstanding).
공시 • May 03Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £8.5 million.Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £8.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 650,000,000 Price\Range: £0.01 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 200,000,000 Price\Range: £0.01 Transaction Features: Rights Offering; Subsequent Direct Listing
공시 • Apr 17Surface Transforms plc Provides Sales Guidance for the Fiscal Year 2024Surface Transforms Plc provided sales guidance for the fiscal year 2024. For the year, the company Sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to Fiscal Year 2023 sales of £8.3m, resulting in a projected Fiscal Year 2024 range of £17.5 million to £22 million sales.
New Risk • Apr 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risk Share price has been highly volatile over the past 3 months (44% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (€16.1m market cap, or US$17.1m).
공시 • Apr 11+ 1 more updateSurface Transforms Plc Maintains Sales Guidance for the Year Ending 31 December 2024Surface Transforms Plc is maintaining sales guidance for the year ending 31 December 2024. For the year, the company is maintaining sales guidance of £23 million.
공시 • Jan 08Surface Transforms plc Provides Revenue Guidance for 2024Surface Transforms Plc provided revenue guidance for 2024. The Company is maintaining its revenue guidance at £23 million.
공시 • Dec 13Surface Transforms Plc announced that it expects to receive £13.2 million in fundingSurface Transforms Plc announced that it has signed a £13,200,000 loan agreement with the Liverpool City Region Urban Development Fundwhich is part funded by the European Regional Development Fund on December 11, 2023. The loan facility is available for drawdown over an initial two-year period and will be progressively deployed exclusively for capital expenditure purposes. Quarterly capital repayments will commence in the first quarter following the completion of the availability period. Completion of this loan agreement was a condition precedent to the second phase of the recent equity placing. This condition has now been satisfied. The passing of the necessary resolutions is expected at the forthcoming General Meeting on December 18, 2023.
New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Market cap is less than US$100m (€31.6m market cap, or US$34.4m).
공시 • Nov 15Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £10 million.Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £10 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 80,000,000 Price\Range: £0.1 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 20,000,000 Price\Range: £0.1 Transaction Features: Regulation S; Rights Offering; Subsequent Direct Listing
New Risk • Nov 09New major risk - Revenue and earnings growthEarnings have declined by 25% 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 Less than 1 year of cash runway based on free cash flow trend (-UK£19m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (€36.1m market cap, or US$38.6m).
New Risk • Nov 04New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£19m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£19m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (€44.6m market cap, or US$47.9m).
공시 • Nov 04Surface Transforms plc Provides Sales Guidance for the Year to December 2023Surface Transforms Plc provided sales guidance for the year to December 2023. The company is now planning its cash needs and customer commitments based on a shallower ramp and now expects to reach the required rate of production in first quarter 2024, later than previously forecast. As a result, the company is reducing its sales guidance for the year to December 2023 to £8.6 million.
Reported Earnings • Sep 28First half 2023 earnings released: UK£0.02 loss per share (vs UK£0.011 loss in 1H 2022)First half 2023 results: UK£0.02 loss per share (further deteriorated from UK£0.011 loss in 1H 2022). Revenue: UK£3.28m (up 15% from 1H 2022). Net loss: UK£4.84m (loss widened 123% from 1H 2022). Revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany.
공시 • Aug 01Surface Transforms Plc to Report First Half, 2023 Results on Sep 27, 2023Surface Transforms Plc announced that they will report first half, 2023 results on Sep 27, 2023
Breakeven Date Change • Jun 28Forecast breakeven date pushed back to 2024The 3 analysts covering Surface Transforms previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of UK£5.35m in 2024. Average annual earnings growth of 99% is required to achieve expected profit on schedule.
New Risk • Jun 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €90.0m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Significant insider selling over the past 3 months (€412k sold). Market cap is less than US$100m (€90.0m market cap, or US$98.6m).
공시 • Jun 20+ 1 more updateSurface Transforms plc Appoints Isabelle Maddock as an Executive Director of the Board, Effective 4 September 2023Surface Transforms plc announced the appointment of Isabelle Maddock as an Executive Director of the Board. Isabelle will join the Company on 4 September 2023. Isabelle joins Surface Transforms from James Cropper plc, where she was CFO for the past nine years. Isabelle has 30 years of experience in finance across a variety of sectors and is a fellow of the Chartered Institute of Management Accountants. During her 17-year tenure at James Cropper plc, an advanced materials and paper products manufacturing group, she held senior financial positions before promotion to their board of directors in 2014.
공시 • May 31Surface Transforms Appoints Stephen Easton as the New (Non-Board) Chief Operating Officer, Effective 4 September 2023Surface Transforms announced the appointment of Stephen Easton as the new (non-board) Chief Operating Officer, effective 4 September 2023. Stephen joins the Company from SGL Carbon where he is currently UK Managing Director. During his 16-year tenure at SGL Carbon, a graphite and fibre manufacturing company, he has held various leadership positions both in the UK and US, specialising in carbon and oxidised fibre. Prior to this, he worked in a number of different operational roles for Brand-Rex, a cable manufacturing company. He holds an honours degree in Manufacturing Engineering & Management from the University of Dundee.