공시 • Nov 17
Wejo Group Limited announced delayed 10-Q filing On 11/16/2023, Wejo Group Limited announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Aug 18
Wejo Group Limited announced delayed 10-Q filing On 08/16/2023, Wejo Group Limited announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Jul 08
Nasdaq to Delist the Common Shares of Wejo Group Nasdaq announced on July 06, 2023 that it will delist the common shares and warrant of Wejo Group Limited. The company’s securities were suspended on June 9, 2023, and have not traded on Nasdaq since that time. New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$6.61m This is considered a major 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 (-US$77m free cash flow). Share price has been highly volatile over the past 3 months (35% average weekly change). Negative equity (-US$101m). Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (US$6.61m market cap). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). 공시 • May 16
Wejo Group Limited announced delayed 10-Q filing On 05/15/2023, Wejo Group Limited announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Apr 08
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$1.58 loss per share (improved from US$5.00 loss in FY 2021). Revenue: US$8.40m (up 227% from FY 2021). Net loss: US$159.3m (loss narrowed 27% from FY 2021). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in the US. Price Target Changed • Feb 14
Price target decreased by 31% to US$2.75 Down from US$4.00, the current price target is an average from 2 analysts. New target price is 281% above last closing price of US$0.72. Stock is down 83% over the past year. The company is forecast to post a net loss per share of US$1.53 next year compared to a net loss per share of US$5.00 last year. 공시 • Jan 26
Wejo Group Receives A Notice from Nasdaq Regarding Minimum Bid Price Requirement On January 18, 2023, Wejo Group Limited (the Company") received a notice (the Notice") from the Listing Qualifications Staff (the Staff") of The NASDAQ Stock Market LLC (NASDAQ") notifying the Company that, basedupon based upon the closing bid price of the Company's common shares, par value $0.001 per share (the Common Shares"), for the last 30 consecutive business days, the Company no longer meets the requirement to maintain a minimum bid price of $1.00 per share, as set in NASDAQ Listing Rule 5450(a)(1). In accordance with NASDAQ Listing Rules 5810(c)(3)(A), the Company has been provided a period of 180 calendar days, or until July 17, 2023, in which to regain compliance with the minimum bid price requirement. In order to regain compliance with the minimum bid price requirement, the closing bid price of the Common Shares must be at least $1.00 per share for a minimum of ten consecutive business days during this 180-day period. If the Company does not regain compliance within this 180-day period, the Company may be eligible for an additional 180 calendar day compliance period provided that it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards, with the exception of the minimum bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period such as by effecting a reverse stock split, if necessary. If the Company fails to regain compliance prior to the expiration of the compliance period, including any extension thereof, the Staff will provide written notice to the Company that its securities are subject to delisting. The Notice has no immediate impact on the listing of the Company's Common Shares, which will continue to trade on the NASDAQ under the symbol WEJO." An indicator of the Company's non-compliance, however, will be displayed with quotation information related to the Common Shares on NASDAQ.com and NASDAQTrader.com and may be displayed by other third party providers of market data information. The Company intends to actively monitor the closing bid price for its Common Shares and will consider available options to resolve the deficiency and regain compliance with NASDAQ Listing Rule 5450(a)(1). 공시 • Jan 11
Wejo Group Limited announced a financing transaction Wejo Group Limited announced that it will receive up to $100 million in an equity round of funding on January 10, 2023. The funding is in combined cash proceeds from the funds in trust and the proceeds of a contemplated PIPE to be raised prior to closing to successfully execute on company's strategy. 공시 • Dec 01
Wejo Group Limited Provides Earnings Guidance for the Fiscal Year 2022 Wejo Group Limited provided earnings guidance for the fiscal year 2022. For the period, the company expects net revenue of $10 million. 공시 • Nov 22
Wejo Group Limited Announces Resignation of Alan Masarek from Board of Directors Wejo Group Limited announced that Alan Masarek has recently accepted a CEO position at another public company and pursuant to this has resigned from the Company’s Board of Directors (the “Board”), effective November 19, 2022. 공시 • Nov 15
Wejo Group Limited announced delayed 10-Q filing On 11/14/2022, Wejo Group Limited announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Nov 04
Wejo Group Limited to Report Q3, 2022 Results on Nov 14, 2022 Wejo Group Limited announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 14, 2022 공시 • Sep 28
Wejo Group Limited Unveils Integration of Live, Real-Time Connected Vehicle Data with Prototype of Autonomous Vehicle Wejo Group Limited unveiled DLIVEREE, an AV prototype that is being used to develop and demonstrate Wejo’s Autonomous Vehicle Operating System (AV-OS), software that will use live, real-time connected vehicle data to support development, testing, and operation of AVs for the future. The AV prototype allows Wejo to build, test, and demonstrate Wejo’s live API data powering AV development projects, including freight, delivery, and robotaxi or ride-hailing vehicle use cases. The initial prototype was showcased for the first time during Wejo’s “Data in the Desert” on-track driving experience event at Spring Mountain Motor Resort outside Las Vegas, Nevada. DLIVEREE represents the next stage of evolution for AV-OS that will demonstrate how AV developers will be able to utilize connected car data that integrates real-time parameters, including the number of cars on the road, construction barriers, pedestrians crossing the street, cyclists, slippery roads, or other dangerous weather and road conditions. The prototype will also support the standardization of a common connected vehicle language for AVs to communicate real-time road settings, vehicle status and inform digital twin testing. With access to trillions of data points from more than 85 billion journeys and approximately 19 million vehicles that represent activities on 95% of roads in America, AV developers, DOTs, and fleet operators will be able to better understand current vehicles’ status and dynamics. This will include intended movements of vehicles (e.g., forthcoming lane change and exiting the highway) to make calculated instant decisions to maintain road safety alongside automated and non-automated vehicles on the road. The DLIVEREE AV will showcase: Enabling vehicle-to-vehicle communication (e.g., emergency stopping due to a hidden vehicle), Use of cloud-based road intelligence (Real-Time Traffic Intelligence) to anticipate the road ahead (e.g., traffic build-up further ahead), Capture of Light Detection and Ranging (LiDAR) and camera data for simulation, modeling and visualization,Intelligent internal and external displays based on Wejo intelligence and vehicle dynamics. 공시 • Sep 21
Wejo Group Limited Launches Two New Solutions Wejo Group Limited launched two new solutions, Road Health and Winter Road Insights powered by NIRA Dynamics. NIRA is a vehicle onboard analytics and road perception company specializing in sensor fusion and road surface monitoring systems. It is also a subsidiary of CARIAD, an automotive software company within the Volkswagen Group. Road Health and Winter Road Insights are transformative solutions that aggregate data insights across roads so that governments can shift from reactive to proactive road safety and make informed lifesaving decisions. Implementing these solutions aligns with Wejo’s values to ensure data accuracy and integrity, and speed of visibility, while boosting operational efficiency and driving innovation and revenue opportunities. Road Health collects road information, combining road friction, roughness, potholes and road bumps in real-time to create a detailed view of road surface conditions across towns and cities. Preserving and maintaining community transportation infrastructure is a necessary and expensive endeavor. With the insights from Road Health, transportation departments can analyze the conditions of vehicles, causes of maintenance needs, and reasons for structural deterioration on roads to get a clear view of what has happened before and now, ultimately improving road safety and decreasing maintenance and asset management costs. Winter Road Insights enables governments to effectively treat road networks and make life-saving decisions during the winter. By monitoring the performance of the road networks during potentially dangerous weather conditions, Winter Road Insights compiles road temperature data, slippery alerts to better inform salting, road closures and snow removal plans. This cost-effective solution provides winter road network status updates and the ability to understand the effectiveness of road treatments, saving vital resources when needed the most. With Winter Road Insights, commuters can travel safely by understanding which roads are affected by weather and can guarantee better incident response times. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$9.63m to US$9.39m. Losses expected to increase from US$1.39 per share to US$1.62. Interactive Media and Services industry in the US expected to see average net income growth of 3.7% next year. Consensus price target down from US$5.00 to US$4.50. Share price fell 24% to US$1.33 over the past week. Reported Earnings • Aug 16
Second quarter 2022 earnings: EPS misses analyst expectations Second quarter 2022 results: US$0.58 loss per share. Net loss: US$55.4m (flat on 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 71%. Over the next year, revenue is forecast to grow 519%, compared to a 9.8% growth forecast for the Interactive Media and Services industry in the US. 공시 • Aug 16
Wejo Group Limited Provides Revenue Guidance for the Full-Year 2022 Wejo Group Limited provided revenue guidance for the full-year 2022. For the year, company expects net revenue of $10 million. 공시 • Aug 09
Wejo Group Limited to Report Q2, 2022 Results on Aug 15, 2022 Wejo Group Limited announced that they will report Q2, 2022 results Pre-Market on Aug 15, 2022 공시 • Jul 29
Wejo Group Limited announced that it expects to receive $15.883116 million in funding from Sompo International Holdings Ltd., and other investors Wejo Group Limited announced a private placement of 11,329,141 units at a price of $1.40197 per unit for the gross proceeds of $15,900,000 on July 27, 2022. Each unit will consist of one of the company’s common shares, and one third of one warrant. The transaction included participation from certain members of its Board of Directors, and Sompo International Holdings Ltd.. Each warrant can purchase one common share for a period of five years at an exercise price of $1.564345. Continental Stock Transfer & Trust Company acted as Warrant Agent in the transaction. The company will issue 3,745,748 warrants in the transaction to purchase one common share. The company will issue securities pursuant to exemption provided under Regulation D. The transaction is expected to close on July 29, 2022. 공시 • Jun 24
Wejo Group Limited Launches Wejo Labs to Provide Data Scientists with Self-Serve Access to One of the Largest Dataset of Connected Vehicle Data in Order to Perform Advanced Analytics Wejo Group Limited announced the launch of Wejo Labs. Wejo Labs is a cloud-based platform that allows researchers and data scientists from universities, research organizations and civil and traffic engineering consultancies to run traffic and mobility studies at scale with accurate Connected Vehicle Data from tens of millions of connected vehicles across the US and Europe. Traffic and mobility studies can be run with Wejo Labs through the configuration of CVD on vehicle events. Queries on this data can lead to a better understanding of how road conditions affect driving behaviors, validate weather conditions with hyper-local data points, analyze parking trends and identify roads in which hazardous driving occurs most often to support safety improvements. Additionally, users can also leverage the CVD when analyzing vehicle movements for views into routes and journeys, enhanced origin-destination studies, congestion management, event planning and high traffic destinations. Wejo Labs users can also use their preferred programming language to explore, query and analyze CVD. Data outputs can then be visualized in various formats, including bar graphs, heat maps, and map layers, to look at data over a specified time period interactively and visually. With added support from Wejo’s in-house data analytics team, the platform simplifies the process for users by loading the data in for them, geofencing it based on location and time zone, and then providing all the necessary tools for analysis. Designed with data scientists in mind, Wejo Labs is a cost-effective solution that allows multiple users within the same organization to get the most out of CVD. The solution is fully accessible through a user’s internet browser, available without investing in expensive digital infrastructure or data sets. Users are also equipped with the ability to license data specific to researcher projects. 공시 • Jun 16
Wejo Group Limited Announces the Launch of Wejo Historic Traffic Patterns Wejo Group Limited announced the launch of Wejo Historic Traffic Patterns. This product offers the ability to request specific data and insights from highly granular and accurate historic traffic patterns over the last several years from any specific location in the US, even if no monitors or sensors were previously installed. This historic traffic pattern data, which can be attributed to a specific time and location, is derived directly from millions of connected vehicles that have been on up to 95% of America’s roads and highways for the past several years. This new product allows government agencies, civil engineering firms, mapping/navigation providers, logistics companies and commercial real estate developers to gather insights directly via an API from the Wejo platform or via the Wejo Studio analytics portal. Understanding historic behavior patterns and movement trends is a prerequisite for any organization tackling future urban mobility challenges. This new product from Wejo allows instant access to a window into the past to understand and visualize data, including travel times, road speeds, and soon to follow vehicle volume density, as well as harsh braking, and rapid acceleration. Major Estimate Revision • Jun 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$1.61 to -US$1.39 per share. Revenue forecast unchanged from US$9.63m at last update. Interactive Media and Services industry in the US expected to see average net income growth of 4.4% next year. Consensus price target of US$5.00 unchanged from last update. Share price rose 9.6% to US$2.06 over the past week. Major Estimate Revision • May 23
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$10.1m to US$9.63m. Losses expected to increase from US$1.37 per share to US$1.61. Interactive Media and Services industry in the US expected to see average net income growth of 4.1% next year. Consensus price target down from US$7.00 to US$5.00. Share price rose 11% to US$2.11 over the past week. 공시 • May 17
Wejo Group Limited Provides Earnings Guidance for the Full-Year 2022 Wejo Group Limited provided earnings guidance for the full-year 2022. For the period, the company guidance on net revenue is of more than $10 million. Reported Earnings • May 16
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: US$0.43 loss per share (up from US$6.98 loss in 1Q 2021). Net loss: US$40.3m (loss narrowed 49% from 1Q 2021). Revenue missed analyst estimates by 68%. Earnings per share (EPS) also missed analyst estimates by 48%. Over the next year, revenue is forecast to grow 628%, compared to a 15% growth forecast for the industry in the US. 공시 • May 03
Wejo Group Limited to Report Q1, 2022 Results on May 16, 2022 Wejo Group Limited announced that they will report Q1, 2022 results on May 16, 2022 Price Target Changed • Apr 27
Price target decreased to US$7.00 Down from US$10.00, the current price target is an average from 2 analysts. New target price is 146% above last closing price of US$2.84. Stock is down 71% over the past year. The company is forecast to post a net loss per share of US$1.37 next year compared to a net loss per share of US$5.00 last year. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Alan Masarek was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 08
Consensus revenue estimates fall by 44% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$18.2m to US$10.1m. Forecast losses increased from -US$1.04 to -US$1.37 per share. Interactive Media and Services industry in the US expected to see average net income growth of 3.3% next year. Consensus price target down from US$10.00 to US$7.00. Share price fell 4.7% to US$3.67 over the past week. 공시 • Apr 06
Wejo Drives Future of Smart Mobility with Launch of Real-Time Traffic Intelligence Solution Wejo Group Limited announced the launch of Wejo RTTITM, a Real-Time Traffic Intelligence solution that can provide critical insights via an up-to-the-minute and holistic view of traffic conditions and safety incidents on roads using aggregated data derived from millions of connected vehicles. Wejo RTTI can be utilized by public agencies, civil engineering firms, mapping & navigation providers and logistics companies to get a better view of what’s happening here and now. This insight allows for a real-world impact on road safety and congestion within a community using easily digestible real-time traffic data. The Wejo RTTI solution offers several features, including ultra-low latency, highly granular traffic updates and accurate traffic events, as well as real-time speeds and travel-times for roads. This service enables quick detection of changing traffic conditions, identification of road closures and unexpected slowdowns situations, helping the unpredictable become more manageable. Built for any developer or mobility service provider that wishes to integrate real-time traffic into its solutions, Wejo RTTI is available via APIs and can help car/ride sharing applications, logistics companies and other gig-economy companies improve estimated time of arrivals. It also enables the ability to implement dynamic pricing for congestion charging on routes, at tolls and in parking structures. Visibility into real-time traffic data allows users to proactively recommend safety improvements to road networks, identify urban traffic congestion patterns as they happen and make decisions based on accurate real-time intelligent aggregated data. Users can assess one of the best approaches for future planning and make immediate changes. Wejo RTTI also provides accurate insights without human intervention, removing any bias from the research. Actionable insights derived from the solution can be used to mitigate risks and improve safety. The real-time aspect of Wejo RTTI allows users to understand and respond to real road traffic and safety conditions quickly by having insight into what is happening on the road right now. This allows users to reduce time, money and effort in collecting data to understand pre/post-development analysis and go straight to analyzing insights when they want, providing a clear view of before, during and after. Wejo RTTI also helps users to understand in real-time where congestion exists, unreported road closures and unexpected slowdowns. By having access to intelligent real-time aggregated data derived directly from millions of connected vehicles, users can reduce reliance on the need for field devices like sensors and cameras and reduce the time spent analyzing multiple traffic data sources to find answers. It also allows users to get access to a real-time view of roads, highways, and public infrastructure not just where sensors, cameras and field devices are located. Reported Earnings • Apr 05
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: US$5.00 loss per share (down from US$1.66 loss in FY 2020). Net loss: US$217.8m (loss widened 261% from FY 2020). Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 245%. Over the next year, revenue is forecast to grow 475%, compared to a 17% growth forecast for the industry in the US. 공시 • Apr 01
Wejo Group Limited Announces Revenue Guidance for 2022 Wejo Group Limited announced revenue guidance for 2022. For the year, the company expected Net Revenue of $10 million, which at this level would represent a 285% increase over 2021 reported net revenue. 공시 • Feb 16
Wejo Group Limited announced that it expects to receive $100 million in funding from CF Principal Investments, LLC Wejo Group Limited entered into a common stock purchase agreement with new investor CF Principal Investments, LLC for not more than 18,780,646 shares for gross proceeds of up to $100 million on February 14, 2022. The transaction is expected to close over a 36-month period, subject to certain terms and conditions. 공시 • Feb 03
Wejo Group Limited Makes its Data Available in First-Of-its-Kind Operating System for Electric Vehicle Infrastructure, Available Through Palantir Foundry Wejo Group Limited announced the availability of the electric vehicle (EV) Infrastructure Operating System, a first-of-its-kind, integrated solution for new EV charger site selection and charger network management, built on and available through Palantir Foundry. The EV application enables the integration of Wejo’s data alongside an organization’s proprietary data. The application can be deployed by government agencies, automakers, charging network operators, retailers and more. When used with Wejo data, the new OS enables organizations to efficiently and effectively plan site placement and operate charging networks by combining real-time vehicle data with their own relevant data, ensuring all their specific needs are accounted for. Following chargepoint installation, the application’s network operations tools help maximize revenue and increase network reliability. Organizations can manage networks of chargers at scale with tooling that connects to chargers’ IoT sensor data, monitor and improve the performance of individual chargers, and more. By providing this breadth and depth of data and context, using Wejo data in the EV Infrastructure OS helps to break down barriers that stand between wider adoption of EVs, making access more equitable in the process. The application is also designed with an open architecture and thus can serve as a foundation to uncover new workflows to generate added value, thereby enabling organizations interested in the future of mobility to capitalize at the right time. Further, the platform supports Wejo data in a manner that easily integrates with other third-party data, including that of interested organizations; for example, a retailer could prioritize stores that have high or low basket values to encourage more EV traffic around the priority market. By integrating third-party data with charging infrastructure data, users can create a picture of economic activity throughout the network. This can then provide a broader view of what can be expected in the future and drive successful, long-term investment decisions. 공시 • Jan 06
Wejo Group Limited Announces Developing A Breakthrough Wejo Neural Edge Platform Wejo Group Limited announced it is developing a breakthrough Wejo Neural EdgeTM platform that will enable intelligent handling of data from vehicles at scale, while providing incredible insights that protect privacy and empower automotive innovation. In partnership with Microsoft, Wejo will make the announcement virtually from the Microsoft Partners Pavilion at the Consumer Electronics Show in Las Vegas. With so much rich data coming from vehicles, latency and data storage costs are potential obstacles in harnessing and scaling the power of real-time vehicle communications - both with other vehicles and the infrastructure that is set to power Smart Cities. Leveraging strategic partnership with Microsoft Azure and powered by Wejo’s ADEPT platform, Wejo Neural EdgeTM optimizes how this data is managed within the vehicle, further processes it at the Edge and ultimately communicates to the cloud. This process will not only reduce data overload and maximize data insights but will reduce costs for automotive manufacturers and improve manufacturing of the vehicle to provide a better driving experience – supporting safer vehicles, enabling further advancements in EV and autonomous mobility, and reducing congestion and emissions. Wejo Neural EdgeTM will filter and analyze vast amounts of AV, EV and CV data before transmitting only the essential information to the cloud. This is made possible by utilizing in-car edge processing that Wejo is developing to filter only useful and valuable CVD before it is transmitted to the cloud. The embedded software technology in combination with Microsoft Azure cloud computing platform will enable Wejo Neural EdgeTM to power automotive innovation by: Reducing network and storage costs for the auto manufacturers by optimising the data coming from the vehicle. Leveraging embedded software within the vehicle chipset, Wejo Neural EdgeTM is designed to intelligently choose and prioritize the data to be sent from the vehicle to the cloud. Utilizing machine learning algorithms to reconstruct vehicle journey and event data, Wejo Neural EdgeTM can take 20% of the data from autonomous, electric, and other connected vehicles and reconstruct it to represent 100% of the data, without any loss in data fidelity or integrity. The positive environmental impact is significant, as less data requires less storage which in turn reduces power consumption. Enabling Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2X) communications. Wejo Neural EdgeTM enables the standardisation and centralisation of the data that comes from autonomous, electric and connected vehicles. Not only does this provide a key building block for communication in near real time, but it also supports communication with infrastructure services such as road signs, traffic lights and parking lots, so vehicles can easily anticipate the road ahead and optimise mobility experiences. Delivering a digital twin of the vehicle and cities to reshape how company view the entire product and service ecosystem related to mobility. In a simulation environment, a digital twin of the US can be constructed to simulate how vehicles in different cities need to respond and navigate without having to outlay massive infrastructure costs of physical hardware or vehicles to be able to relearn how a vehicle should behave as an AV or EV, in the Smart City, etc. As more auto manufacturers work to harness their vehicle data, Wejo Neural EdgeTM and Wejo’s common data model will enable different manufacturer makes and models to speak the same data language, a key component supporting vehicle to vehicle communication and vehicle communications with infrastructure and services. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Alan Masarek was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director & Advisor Barry Nightingale was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.