Board Change • Jun 09
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. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). External Independent Director Rachel Hirsh Kaduri 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. Insufficient board refreshment. Reported Earnings • Apr 26
Full year 2025 earnings released: ₪1.31 loss per share (vs ₪0.46 loss in FY 2024) Full year 2025 results: ₪1.31 loss per share (further deteriorated from ₪0.46 loss in FY 2024). Net loss: ₪16.1m (loss widened 196% from FY 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. New Risk • Mar 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Less than 1 year of cash runway based on free cash flow trend (-₪7.7m free cash flow). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (₪46k revenue, or US$15k). Market cap is less than US$10m (₪5.23m market cap, or US$1.66m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Jan 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₪7.7m free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (₪46k revenue, or US$15k). Market cap is less than US$10m (₪5.01m market cap, or US$1.58m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Less than 1 year of cash runway based on free cash flow trend (-₪9.4m free cash flow). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m (₪17k revenue, or US$4.7k). Market cap is less than US$10m (₪4.56m market cap, or US$1.25m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.7% average weekly change). New Risk • Sep 15
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: -₪9.4m 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 (-₪9.4m free cash flow). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m (₪17k revenue, or US$4.6k). Market cap is less than US$10m (₪10.3m market cap, or US$2.78m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). 공시 • Jun 25
Flying Spark Ltd., Annual General Meeting, Jul 29, 2024 Flying Spark Ltd., Annual General Meeting, Jul 29, 2024. Location: co. offices, Israel New Risk • Apr 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m (₪16k revenue, or US$4.2k). Market cap is less than US$10m (₪8.50m market cap, or US$2.25m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Mar 03
New minor risk - Financial data availability The 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 Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₪8.32m market cap, or US$2.34m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). 공시 • Feb 08
Flying Spark Ltd. announced that it expects to receive ILS 0.3 million in funding Flying Spark Ltd. announces private placement of 300,000 ordinary shares at an issue price of ILS 1 per ordinary share for gross proceeds of ILS 300,000 on February 7, 2024. The transaction will include participation from Mr. Yariv Lerner, director of the company.