New Risk • Nov 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.7m 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 (-CA$4.7m free cash flow). Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (€6.95m market cap, or US$7.31m). Board Change • Oct 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Janet Grove was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2024 earnings released: CA$0.043 loss per share (vs CA$0.019 loss in 2Q 2023) Second quarter 2024 results: CA$0.043 loss per share (further deteriorated from CA$0.019 loss in 2Q 2023). Net loss: CA$3.14m (loss widened 124% from 2Q 2023). 공시 • Jul 06
Amcomri Entertainment Inc., Annual General Meeting, Aug 28, 2024 Amcomri Entertainment Inc., Annual General Meeting, Aug 28, 2024. Reported Earnings • Jul 01
First quarter 2024 earnings released: EPS: CA$0.003 (vs CA$0.022 in 1Q 2023) First quarter 2024 results: EPS: CA$0.003 (down from CA$0.022 in 1Q 2023). Revenue: CA$1.96m (down 62% from 1Q 2023). Net income: CA$190.4k (down 88% from 1Q 2023). Profit margin: 9.7% (down from 31% in 1Q 2023). Reported Earnings • Jun 05
Full year 2023 earnings released: CA$0.065 loss per share (vs CA$0.005 loss in FY 2022) Full year 2023 results: CA$0.065 loss per share (further deteriorated from CA$0.005 loss in FY 2022). Revenue: CA$24.0m (up 73% from FY 2022). Net loss: CA$4.76m (loss widened CA$4.40m from FY 2022). New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 23% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (€3.98m market cap, or US$4.32m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (3.7% net profit margin). Board Change • Jan 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Janet Grove was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Sep 30
Amcomri Entertainment Inc., Annual General Meeting, Dec 08, 2023 Amcomri Entertainment Inc., Annual General Meeting, Dec 08, 2023. 공시 • Jun 29
Amcomri Entertainment Inc. announced that it has received CAD 0.168868 million in funding Amcomri Entertainment Inc. announced that it has signed an private placement agreement to issue 1,298,985 common shares at an issue price of CAD 0.13 per share for gross proceeds of CAD 168,868.05 on June 27, 2023. The transaction included participation from individual investor, Paul McGowan. Reported Earnings • Apr 17
Full year 2022 earnings released: CA$0.005 loss per share (vs CA$31.56 profit in FY 2021) Full year 2022 results: CA$0.005 loss per share (down from CA$31.56 profit in FY 2021). Revenue: CA$13.9m (up 1.4% from FY 2021). Net loss: CA$359.9k (down 108% from profit in FY 2021). Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). CFO, Corporate Secretary & Director Larry Howard is the most experienced director on the board, commencing their role in 2020. Independent Director Michelle Kowalchuk was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Sep 28
Non-Executive Chairman recently bought €53k worth of stock On the 23rd of September, Paul McGowan bought around 137k shares on-market at roughly €0.39 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €99k. Paul has been a buyer over the last 12 months, purchasing a net total of €75k worth in shares. Recent Insider Transactions • Sep 03
Insider recently bought €99k worth of stock On the 25th of August, Michelle Kowalchuk bought around 256k shares on-market at roughly €0.39 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €118k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CA$0.017 (vs CA$14.10 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.017 (down from CA$14.10 in 2Q 2021). Net income: CA$1.26m (down 37% from 2Q 2021). 공시 • Jun 02
Amcomri Entertainment Appoints Michelle Sangster to Board Amcomri Entertainment Inc. announced that Michelle Sangster has been appointed to its Board of Directors. Ms. Sangster, with more than 25 years of experience as a human resources (HR) professional, has a proven track record in strategic organizational development. Her leadership qualities have been tested and validated across many industries in times of enterprise-wide change, mergers and acquisitions, and other organizational inflection points. Ms. Sangster currently leads the Global Human Resources team at Eclipse Automation, an automation company, with responsibilities in Canada, the U.S., Europe and Asia. She holds a Bachelor of Arts degree from McMaster University, as well as professional certifications in Human Resources Management, Mergers and Acquisitions, and Executive Coaching. In connection with the appointment of Ms. Sangster, the Board of Directors was increased to eight, three of whom are independent. Board Change • Apr 28
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). CFO, Corporate Secretary & Director Larry Howard is the most experienced director on the board, commencing their role in 2020. Independent Director Alex Stojanovic was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.