New Risk • Apr 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$97.6m 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 Earnings have declined by 41% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$97.6m market cap). Buy Or Sell Opportunity • Jan 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to US$8.94. The fair value is estimated to be US$7.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years, while earnings per share has been flat. 공시 • Jan 15
Scully Royalty Ltd. Announces Election of Skyler Wichers as Chairman of the Board and Changes in the Composition of Committee, Effective December 28, 2025 Scully Royalty Ltd. appointed Skyler Wichers as Chairman of the Board on December 28, 2025 and Board established new committee compositions. As of December 28, 2025 the Audit Committee is composed of Jerrod Freund, Mark Holliday and Alan Howe, with Alan Howe appointed as the chairman of the committee; the Compensation Committee is composed of Jerrod Freund, Nimesh Patel and Skyler Wichers, with Nimesh Patel appointed as the chairman of the committee; and the Nominating and Governance Committee is composed of Mark Holliday, Alan Howe and Skyler Wichers, with Mark Holliday appointed as the chairman of the committee. Reported Earnings • Jan 04
First half 2025 earnings released: CA$0.14 loss per share (vs CA$1.34 loss in 1H 2024) First half 2025 results: CA$0.14 loss per share (improved from CA$1.34 loss in 1H 2024). Revenue: CA$18.6m (up 2.6% from 1H 2024). Net loss: CA$2.03m (loss narrowed 90% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. New Risk • Jan 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Risk Revenue has declined by 36% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). 공시 • Jan 01
Scully Royalty Ltd. Announces Election of New Directors At Annual General Meeting, December 27, 2025 Scully Royalty Ltd. held its Annual General Meeting on December 27, 2025, announced that all its nominees for the Board of Directors were elected. The nominees Jerrod Freund, Mark Holliday, Alan Howe, Nimesh Patel, and Skyler Wichers each received a majority of the votes cast at the Annual Meeting. The Company’s nominees failed to receive such a majority and therefore were not re-elected. The newly elected directors are pursuing a transition plan for the Company focused on fair representation of the interests of all shareholders and a renewed focus towards operational and capital efficiency. New Risk • Dec 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). 공시 • Dec 31
Scully Royalty Ltd. Updates on Related Cayman Islands Court Appeal further to its news release dated December 22, 2025, Scully Royalty Ltd. announced that it has filed an appeal of the December 19, 2025 decision of the Grand Court of the Cayman Islands with respect to the notice of nomination of MILFAM LLC ("MILFAM") and its compliance with the timing requirements under the Memorandum and Articles of Association of the Company. The Company further announces that its annual general meeting (the "Me Meeting"), originally scheduled for December 27, 2025, has been temporarily postponed for a short duration of time to allow a hearing before the Cayman Islands Court of appeal to be heard as soon as practicable. The Company is inviting MILFAM to work collaboratively and in good faith with the Company in this endeavor. The postponement was approved by the Company's board of directors, based on the recommendation of its Compensation, Nominating and Corporate Governance Committee. In determining to postpone the Meeting, such committee and the board considered various factors relating to the best interests of the Company and its shareholders and the circumstances of the Meeting, including, among other things, that a short postponement will assist in addressing the uncertainty created by the recent decision and appeal, the need to provide shareholders sufficient opportunity to assess the purported nominations of MILFAM pending the outcome of the court proceedings, and to allow the Meeting to take place in an orderly manner that promotes and is conductive of informed shareholder decision-making with full disclosure by each party of all material information. 공시 • Dec 30
Milfam Announces Election of Nominees to Board of Directors of Scully Royalty On December 29, 2025, MILFAM LLC announced that all of its nominees for the Board of Directors of Scully Royalty Ltd. were elected at the annual general meeting of shareholders of the Company on December 27, 2025. MILFAM stated that its nominees of Jerrod Freund, Mark Holliday, Alan Howe, Nimesh Patel, and Skyler Wichers each received a majority of the votes cast at the annual meeting. MILFAM added that the Company’s nominees failed to receive such a majority and therefore were not re-elected. Buy Or Sell Opportunity • Dec 10
Now 20% undervalued Over the last 90 days, the stock has risen 7.5% to US$5.91. The fair value is estimated to be US$7.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. 공시 • Dec 08
Scully Royalty Ltd., Annual General Meeting, Dec 27, 2025 Scully Royalty Ltd., Annual General Meeting, Dec 27, 2025, at 08:01 China Standard Time. Location: unit 803, dina house, ruttonjee centre, 11 duddell street, hong kong, sar china, China Buy Or Sell Opportunity • Nov 24
Now 22% undervalued Over the last 90 days, the stock has risen 2.0% to US$5.70. The fair value is estimated to be US$7.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$85.1m market cap). Buy Or Sell Opportunity • Oct 28
Now 20% undervalued Over the last 90 days, the stock has risen 4.6% to US$6.24. The fair value is estimated to be US$7.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to US$6.52. The fair value is estimated to be US$8.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. New Risk • May 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.3m 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CA$32m free cash flow). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$99.3m market cap). Reported Earnings • May 02
Full year 2024 earnings released: CA$1.39 loss per share (vs CA$0.094 profit in FY 2023) Full year 2024 results: CA$1.39 loss per share (down from CA$0.094 profit in FY 2023). Revenue: CA$35.3m (down 36% from FY 2023). Net loss: CA$20.6m (down CA$22.0m from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jan 17
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 24 January 2025. Payment date: 21 February 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 12%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.1%). Reported Earnings • Jan 03
First half 2024 earnings released: CA$1.34 loss per share (vs CA$0.06 profit in 1H 2023) First half 2024 results: CA$1.34 loss per share (down from CA$0.06 profit in 1H 2023). Revenue: CA$18.1m (down 32% from 1H 2023). Net loss: CA$19.9m (down CA$20.8m from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. 공시 • Jan 01
Scully Royalty Ltd. Declares Cash Dividend on Common Share, Payable on February 21, 2025 Scully Royalty Ltd. declared a cash dividend of $0.26 per common share will be paid in US dollars on February 21, 2025 to shareholders of record on January 24, 2025. The ex-dividend date for this dividend will be January 23, 2025. New Risk • Dec 31
New major risk - Revenue and earnings growth Earnings have declined by 70% 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. This is currently the only risk that has been identified for the company. New Risk • Dec 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (US$98.6m market cap). 공시 • Dec 10
Scully Royalty Ltd., Annual General Meeting, Dec 27, 2024 Scully Royalty Ltd., Annual General Meeting, Dec 27, 2024, at 08:01 China Standard Time. Location: unit 803, dina house, ruttonjee centre, 11 duddell street, hong kong, sar, China New Risk • Oct 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Large one-off items impacting financial results. Board Change • Jun 02
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. 3 experienced directors. 3 highly experienced directors. CEO, CFO, President & Director Sam Morrow 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 • May 09
New major risk - Revenue and earnings growth Earnings have declined by 35% 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 Risk Earnings have declined by 35% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$90.1m market cap). Reported Earnings • May 01
Full year 2023 earnings released: EPS: CA$0.094 (vs CA$1.58 loss in FY 2022) Full year 2023 results: EPS: CA$0.094 (up from CA$1.58 loss in FY 2022). Revenue: CA$54.9m (down 14% from FY 2022). Net income: CA$1.39m (up CA$24.8m from FY 2022). Profit margin: 2.5% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: 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 Earnings have declined by 35% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (US$98.6m market cap). Reported Earnings • Dec 14
First half 2023 earnings released: EPS: CA$0.06 (vs CA$0.26 in 1H 2022) First half 2023 results: EPS: CA$0.06 (down from CA$0.26 in 1H 2022). Revenue: CA$26.5m (down 27% from 1H 2022). Net income: CA$890.0k (down 77% from 1H 2022). Profit margin: 3.4% (down from 11% in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. 공시 • Dec 02
Scully Royalty Ltd., Annual General Meeting, Dec 29, 2023 Scully Royalty Ltd., Annual General Meeting, Dec 29, 2023, at 10:00 China Standard Time. Location: Unit 803, Dina House, Ruttonjee Centre, 11 Duddell Street, Hong Kong China Agenda: To elect the board of directors of the Company; to ratify the appointment of Smythe LLP as the auditors of the Company for the fiscal year ended December 31, 2023 and to authorize the directors to fix the remuneration of the auditors for the ensuing year; and to transact such other business as may properly come before the Meeting and any and all adjournment or postponement thereof. New Risk • Nov 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Earnings have declined by 3.1% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$62.8m market cap). New Risk • Nov 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (US$58.8m market cap). New Risk • Oct 13
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2004. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2004 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$72.3m market cap). New Risk • Jul 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$96.9m 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 Earnings have declined by 3.2% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (US$96.9m market cap). New Risk • Jun 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$95.8m 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 Earnings have declined by 3.2% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (US$95.8m market cap). Upcoming Dividend • May 01
Upcoming dividend of US$0.17 per share at 10% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 19 May 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 10%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 27
Full year 2022 earnings released: CA$1.58 loss per share (vs CA$0.51 profit in FY 2021) Full year 2022 results: CA$1.58 loss per share (down from CA$0.51 profit in FY 2021). Revenue: CA$61.9m (down 11% from FY 2021). Net loss: CA$23.4m (down 409% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$6.30, the stock trades at a trailing P/E ratio of 74.5x. Average trailing P/E is 29x in the Capital Markets industry in the US. Total returns to shareholders of 25% over the past three years. Board Change • Nov 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. CEO, CFO, President & Director Sam Morrow 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. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 26 August 2022. Trailing yield: 11%. Within top quartile of American dividend payers (4.1%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 16% share price gain to US$9.56, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 30x in the Capital Markets industry in the US. Total loss to shareholders of 5.1% over the past three years. Reported Earnings • May 01
Full year 2021 earnings released: EPS: CA$0.51 (vs CA$0.025 in FY 2020) Full year 2021 results: EPS: CA$0.51 (up from CA$0.025 in FY 2020). Revenue: CA$69.3m (up 14% from FY 2020). Net income: CA$7.56m (up CA$7.20m from FY 2020). Profit margin: 11% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. CEO, CFO, President & Director Sam Morrow 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. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 19% share price gain to US$9.59, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 22x in the Capital Markets industry in the US. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 22% share price gain to US$10.38, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 16x in the Capital Markets industry in the US. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$8.27, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 16x in the Capital Markets industry in the US. Total returns to shareholders of 46% over the past three years. Reported Earnings • Jan 01
First half 2021 earnings: EPS in line with expectations, revenues disappoint First half 2021 results: EPS: CA$0.66 (up from CA$0.072 loss in 1H 2020). Revenue: CA$45.8m (up 86% from 1H 2020). Net income: CA$9.76m (up CA$10.8m from 1H 2020). Profit margin: 21% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 18
Insider recently sold US$54k worth of stock On the 12th of May, Susan Miller sold around 4k shares on-market at roughly US$13.57 per share. In the last 3 months, there was an even bigger sale from another insider worth US$214k. Insiders have been net sellers, collectively disposing of US$600k more than they bought in the last 12 months. Recent Insider Transactions • May 14
Insider recently sold US$214k worth of stock On the 6th of May, Neil Subin sold around 15k shares on-market at roughly US$13.82 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$426k more than they bought in the last 12 months. Reported Earnings • May 04
Full year 2020 earnings released: EPS CA$0.029 (vs CA$1.48 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CA$60.7m (down 39% from FY 2019). Net income: CA$369.0k (up CA$18.9m from FY 2019). Profit margin: 0.6% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year and the company’s share price has also increased by 28% per year. Is New 90 Day High Low • Mar 10
New 90-day high: US$9.38 The company is up 88% from its price of US$5.00 on 09 December 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 16% over the same period. Is New 90 Day High Low • Feb 02
New 90-day high: US$7.70 The company is up 106% from its price of US$3.74 on 03 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: US$5.26 The company is up 9.0% from its price of US$4.83 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 18% over the same period. Reported Earnings • Dec 25
First half 2020 earnings released: CA$0.085 loss per share The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2020 results: Revenue: CA$29.2m (down 56% from 1H 2019). Net loss: CA$1.07m (loss narrowed 94% from 1H 2019). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 31
New 90-day low: US$3.76 The company is down 50% from its price of US$7.59 on 31 July 2020. The American market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: US$4.91 The company is down 37% from its price of US$7.86 on 02 July 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 1.0% over the same period.