Board Change • May 20
Less than half of directors are independent 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. 1 independent director (4 non-independent directors). Independent Director Steven Glaser was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 01
Second quarter 2025 earnings released: EPS: CA$0.012 (vs CA$0.006 loss in 2Q 2024) Second quarter 2025 results: EPS: CA$0.012 (up from CA$0.006 loss in 2Q 2024). Revenue: CA$9.76m (up 18% from 2Q 2024). Net income: CA$341.2k (up CA$503.7k from 2Q 2024). Profit margin: 3.5% (up from net loss in 2Q 2024). Reported Earnings • Jul 05
First quarter 2025 earnings released: CA$0.018 loss per share (vs CA$0.012 loss in 1Q 2024) First quarter 2025 results: CA$0.018 loss per share (further deteriorated from CA$0.012 loss in 1Q 2024). Revenue: CA$9.88m (up 31% from 1Q 2024). Net loss: CA$508.2k (loss widened 56% from 1Q 2024). Buy Or Sell Opportunity • Jun 12
Now 34% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to €0.10. The fair value is estimated to be €0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jun 04
Full year 2024 earnings released: CA$0.073 loss per share (vs CA$0.31 profit in FY 2023) Full year 2024 results: CA$0.073 loss per share (down from CA$0.31 profit in FY 2023). Revenue: CA$34.1m (up 31% from FY 2023). Net loss: CA$1.99m (down 126% from profit in FY 2023). 공고 • Dec 21
Delota Corp. announced that it has received CAD 0.9 million in funding from Plaza Capital Advisors On December 19, 2023, Delota Corp. closed the transaction. The company issued 900 debenture units to subscribers at a price of CAD 1,000 per debenture unit for the gross proceeds of CAD 900,000. Each debenture unit consisted of CAD 1,000 principal senior secured convertible debenture; and 10,000 common share purchase warrants exercisable for 10,000 common shares in the company. The debentures mature 18 months from the date of issuance and bear interest at a rate of 1% per month, beginning on the date of issuance and payable in cash on the last day of each calendar month. The principal sum of the debentures, or any portion thereof, and any accrued but unpaid interest may be converted into shares at a conversion price of CAD 0.10 per share, subject to adjustment conditional upon compliance with the polices of the Canadian Securities Exchange. Each warrant entitles the holder thereof to acquire one additional share at a price of CAD 0.15 per warrant share, subject to adjustment conditional upon compliance with the polices of the Canadian Securities Exchange, for a period of 36 months from the date of issuance. Certain debentures and all warrants issued pursuant to the offering are subject to a statutory hold period of four months and one day from the date of issuance thereof in accordance with applicable securities laws. In connection with the offering, the company paid the lead investor a closing fee of CAD 26,000 plus applicable taxes, equal to 4% of the gross proceeds arising from orders received from the lead investor group in the offering, and reimbursed the lead investor for reasonable and documented out-of-pocket expenses incurred in connection with the offering. 공고 • Dec 06
Delota Corp. announced that it expects to receive CAD 0.9 million in funding Delota Corp. announced a non-brokered private placement of 900 senior secured convertible debentures at a price of CAD 1,000 per debenture unit for aggregate gross proceeds of up to CAD 900,000 on December 5, 2023. The transaction was led by Plaza Capital Advisors. Each debenture unit will consist of a CAD 1,000 principal senior secured convertible debenture and 10,000 common share purchase warrants, exercisable for 10,000 common shares. The debentures will mature on the date that is 18 months from the date of issuance and shall bear interest at a rate of 1% per month, beginning on the date of issuance and payable in cash on the last day of each calendar month. The principal sum of the debentures, or any portion thereof, and any accrued but unpaid interest, may be converted into shares at a conversion price of CAD 0.10 per share, subject to adjustment conditional upon compliance with the polices of the Canadian Securities Exchange. Each warrant shall entitle the holder to acquire one additional share at a price of CAD 0.15 per warrant share, subject to adjustment conditional upon compliance with the polices of the CSE, for a period of 36 months from the date of issuance. All debentures and warrants issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance thereof. The company expects the offering to be completed in the week of December 11, 2023. The company will pay the lead investor a closing fee in connection with the offering comprised 4% of the gross proceeds arising from orders received from the lead investor group in the offering. The company has also agreed to reimburse the lead investor for reasonable and documented out-of-pocket expenses incurred in connection with the offering in the amount of up to CAD 30,000 plus applicable taxes and disbursements. Reported Earnings • Oct 01
Second quarter 2024 earnings released: CA$0.006 loss per share (vs CA$0.003 loss in 2Q 2023) Second quarter 2024 results: CA$0.006 loss per share (further deteriorated from CA$0.003 loss in 2Q 2023). Revenue: CA$8.30m (up 28% from 2Q 2023). Net loss: CA$162.5k (loss widened 142% from 2Q 2023). Board Change • Sep 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Steven Glaser was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.