Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Happy Walters was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Nov 27
Immutable Holdings Inc., Annual General Meeting, Dec 31, 2025 Immutable Holdings Inc., Annual General Meeting, Dec 31, 2025. Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Happy Walters was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 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$6.1m 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$6.1m free cash flow). Share price has been highly volatile over the past 3 months (41% average weekly change). Market cap is less than US$10m (€5.95m market cap, or US$6.27m). Minor Risk Revenue is less than US$5m (CA$6.1m revenue, or US$4.4m). Reported Earnings • Nov 17
Third quarter 2024 earnings released: CA$0.019 loss per share (vs CA$0.013 loss in 3Q 2023) Third quarter 2024 results: CA$0.019 loss per share (further deteriorated from CA$0.013 loss in 3Q 2023). Revenue: CA$733.6k (up 219% from 3Q 2023). Net loss: CA$1.91m (loss widened 51% from 3Q 2023). 공시 • Oct 15
Immutable Holdings Inc., Annual General Meeting, Dec 20, 2024 Immutable Holdings Inc., Annual General Meeting, Dec 20, 2024. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CA$0 (vs CA$0.021 loss in 2Q 2023) Second quarter 2024 results: EPS: CA$0 (improved from CA$0.021 loss in 2Q 2023). Revenue: CA$1.87m (up CA$1.65m from 2Q 2023). Net loss: CA$44.6k (loss narrowed 98% from 2Q 2023). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: CA$0.012 (vs CA$0.025 loss in 1Q 2023) First quarter 2024 results: EPS: CA$0.012 (up from CA$0.025 loss in 1Q 2023). Revenue: CA$2.02m (up CA$1.80m from 1Q 2023). Net income: CA$1.16m (up CA$3.61m from 1Q 2023). Profit margin: 57% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Reported Earnings • Mar 31
Full year 2023 earnings released: CA$0.062 loss per share (vs CA$0.053 loss in FY 2022) Full year 2023 results: CA$0.062 loss per share (further deteriorated from CA$0.053 loss in FY 2022). Revenue: CA$2.19m (down 77% from FY 2022). Net loss: CA$6.06m (loss widened 17% from FY 2022). Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Jeffrey Long is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 15
Third quarter 2023 earnings released: CA$0.013 loss per share (vs CA$0.03 loss in 3Q 2022) Third quarter 2023 results: CA$0.013 loss per share (improved from CA$0.03 loss in 3Q 2022). Net loss: CA$1.26m (loss narrowed 58% from 3Q 2022). 공시 • Oct 21
Immutable Holdings Inc., Annual General Meeting, Dec 28, 2023 Immutable Holdings Inc., Annual General Meeting, Dec 28, 2023. New Risk • Aug 17
New major risk - Revenue and earnings growth Revenue has declined by 88% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue has declined by 88% over the past year. Revenue is less than US$1m (CA$1.1m revenue, or US$780k). Market cap is less than US$10m (€7.51m market cap, or US$8.19m). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Aug 16
Second quarter 2023 earnings released: CA$0.021 loss per share (vs CA$0.038 profit in 2Q 2022) Second quarter 2023 results: CA$0.021 loss per share (down from CA$0.038 profit in 2Q 2022). Net loss: CA$2.10m (down 157% from profit in 2Q 2022).