Board Change • Apr 09
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Akshay D’Souza is the most experienced director on the board, commencing their role in 2026. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 06
Scryb Inc., Annual General Meeting, Mar 31, 2026 Scryb Inc., Annual General Meeting, Mar 31, 2026. Reported Earnings • Feb 03
Full year 2025 earnings released: EPS: CA$0.14 (vs CA$0.53 loss in FY 2024) Full year 2025 results: EPS: CA$0.14 (up from CA$0.53 loss in FY 2024). Net income: CA$4.47m (up CA$18.8m from FY 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Nov 07
President recently bought €194k worth of stock On the 30th of October, Daniel Proska bought around 25k shares on-market at roughly €7.75 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of €205k worth in shares. New Risk • Oct 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major 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 (27% average weekly change). High level of non-cash earnings (168% accrual ratio). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m (CA$727k revenue, or US$521k). Market cap is less than US$10m (€3.19m market cap, or US$3.71m). Aankondiging • Sep 27
Scryb Inc. announced that it has received CAD 1.5 million in funding On September 26, 2025, the company closed the transaction. Aankondiging • Sep 18
Scryb Inc. announced that it expects to receive CAD 0.6 million in funding Scryb Inc. announced a non-brokered private placement of up to 6,000,000 units at a price of CAD 0.10 per Unit, for gross proceeds of up to CAD 600,000 on September 17, 2025. Each Unit will consist of one common share (a "Common Share") and one half of one common share purchase warrant (each a full warrant a "Warrant"). Each Warrant entitles the holder to purchase one Common Share of the Company at a price of CAD 0.18 for a period of eighteen months after closing. The Company may pay a cash finder's fee to certain registered finders (each a "Finder") of up to 7% of the aggregate gross proceeds of subscriptions facilitated by such Finders; and (issue such number of finder's warrants (a "Finder's Warrant") that is equal to up to 7% of the number of Units sourced by the Finder, with each Finder's Warrant entitling the holder thereof to purchase one Common Share (a "Finder's Warrant Share") at an exercise price of CAD 0.18 per Finder's Warrant Share for a period of 18 months following the closing date of the Offering. The securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the date of closing in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. Reported Earnings • Aug 31
Third quarter 2025 earnings released: CA$0.004 loss per share (vs CA$0.032 loss in 3Q 2024) Third quarter 2025 results: CA$0.004 loss per share. Revenue: CA$107.7k (up CA$99.4k from 3Q 2024). Net loss: CA$1.24m (loss widened 38% from 3Q 2024). New Risk • Jun 08
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: CA$1.1m (US$807k) This is considered a major risk. Companies with a small amount of revenue 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 Share price has been highly volatile over the past 3 months (86% average weekly change). High level of non-cash earnings (71% accrual ratio). Revenue is less than US$1m (CA$1.1m revenue, or US$807k). Market cap is less than US$10m (€2.07m market cap, or US$2.36m). Reported Earnings • Jun 02
Second quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.003 profit in 2Q 2024) Second quarter 2025 results: CA$0.002 loss per share (down from CA$0.003 profit in 2Q 2024). Net loss: CA$781.7k (down 201% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 05
First quarter 2025 earnings released: CA$0.005 loss per share (vs CA$0.011 loss in 1Q 2024) First quarter 2025 results: CA$0.005 loss per share (improved from CA$0.011 loss in 1Q 2024). Revenue: CA$224.9k (down 54% from 1Q 2024). Net loss: CA$1.62m (loss narrowed 44% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 30
Full year 2024 earnings released: CA$0.036 loss per share (vs CA$0.08 loss in FY 2023) Full year 2024 results: CA$0.036 loss per share (improved from CA$0.08 loss in FY 2023). Revenue: CA$1.84m (up 16% from FY 2023). Net loss: CA$9.79m (loss narrowed 51% from FY 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Aankondiging • Jan 06
Scryb Inc. announced that it expects to receive CAD 2 million in funding Scryb Inc. announced a non-brokered private placement on January 5, 2025. The company will issue secured convertible debentures for gross proceeds of up to CAD 2,000,000. The Debentures will bear interest at an annual rate of 12% and the outstanding principal and interest can be converted into common shares of the Company at a conversion price of CAD 0.05 per Share. The Debentures will mature two years from the date of issuance, except for the debenture issued to an affiliate of Plaza Capital, the lead investor in the Offering, which will mature one year from the date of issuance. The Company may pay a cash finder's fee to certain eligible finders of up to 7% of the aggregate gross proceeds of the Offering facilitated by such finders. All securities issued will be subject to a four month and one day hold as required under applicable securities laws. Aankondiging • Dec 11
An unknown buyer acquired an unknown stake in Fionet Rapid Response Group Inc. from Scryb Inc. (CNSX:SCYB) for CAD 4.3 million. An unknown buyer acquired an unknown stake in Fionet Rapid Response Group Inc. from Scryb Inc. (CNSX:SCYB) for CAD 4.3 million on December 6, 2024.
An unknown buyer completed the acquisition of an unknown stake in Fionet Rapid Response Group Inc. from Scryb Inc. (CNSX:SCYB) on December 6, 2024. Aankondiging • Nov 07
Scryb Inc. announced that it has received CAD 0.7424 million in funding On November 6, 2024, Scryb Inc. closed the transaction. The company issued 29,696,000 units at a price of CAD 0.025 per unit for gross proceeds of CAD 742,400. Reported Earnings • Aug 31
Third quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.019 loss in 3Q 2023) Third quarter 2024 results: CA$0.003 loss per share (improved from CA$0.019 loss in 3Q 2023). Revenue: CA$8.2k (down 98% from 3Q 2023). Net loss: CA$894.4k (loss narrowed 81% from 3Q 2023). Aankondiging • Aug 07
Scryb Inc. announced that it expects to receive CAD 1 million in funding Scryb Inc. announced a non brokered private placement financing to issue 40,000,000 units at an issue price of CAD 0.025 per Unit for the gross proceeds of CAD 1,000,000 on August 6, 2024. Each Unit shall be comprised of one common share and one whole Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.05 per Common Share until the date that is eighteen months from the date of issuance. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Reported Earnings • Jun 04
Second quarter 2024 earnings released: CA$0.016 loss per share (vs CA$0.007 loss in 2Q 2023) Second quarter 2024 results: CA$0.016 loss per share (further deteriorated from CA$0.007 loss in 2Q 2023). Revenue: CA$492.8k (down 23% from 2Q 2023). Net loss: CA$4.05m (loss widened 153% from 2Q 2023). New Risk • Jun 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% 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 Shares are highly illiquid. Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (€4.92m market cap, or US$5.34m). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Revenue is less than US$5m (CA$2.0m revenue, or US$1.5m). Aankondiging • Apr 02
Scryb Inc. announced that it expects to receive CAD 1.5 million in funding Scryb Inc. announced a non-brokered private placement financing to issue 60,000,000 units at an issue price of CAD 0.025 per unit for the gross proceeds of CAD 1,500,000 on April 1, 2024. Each Unit shall be comprised of one common share and one whole Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.05 per Common Share until the date that is eighteen months from the date of issuance. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Aankondiging • Mar 13
Scryb Inc. Announces Board of Directors Changes Scryb Inc. announced the appointment of Yoav Raiter to its Board of Directors, effective immediately. Yoav remains the Chief Executive Officer of Scryb. In addition, the Company announced that Mr. Medhanie Tekeste has resigned as a Director of Scryb. Board Change • Mar 01
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. 11 experienced directors. 1 highly experienced director. President & Director W. Kent was the last 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: Insufficient board refreshment. Aankondiging • Feb 29
Scryb Inc., Annual General Meeting, Apr 23, 2024 Scryb Inc., Annual General Meeting, Apr 23, 2024. Reported Earnings • Feb 05
Full year 2023 earnings released: CA$0.08 loss per share (vs CA$0.046 loss in FY 2022) Full year 2023 results: CA$0.08 loss per share (further deteriorated from CA$0.046 loss in FY 2022). Revenue: CA$1.59m (up 138% from FY 2022). Net loss: CA$19.8m (loss widened 77% from FY 2022). New Risk • Oct 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.96m (US$9.47m) 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 (-CA$15m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (€8.96m market cap, or US$9.47m). Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Revenue is less than US$5m (CA$1.6m revenue, or US$1.2m). Reported Earnings • Sep 03
Third quarter 2023 earnings released: CA$0.019 loss per share (vs CA$0.018 loss in 3Q 2022) Third quarter 2023 results: CA$0.019 loss per share (further deteriorated from CA$0.018 loss in 3Q 2022). Net loss: CA$4.71m (loss widened 11% from 3Q 2022). Reported Earnings • Jun 02
Second quarter 2023 earnings released: CA$0.007 loss per share (vs CA$0.011 loss in 2Q 2022) Second quarter 2023 results: CA$0.007 loss per share (improved from CA$0.011 loss in 2Q 2022). Net loss: CA$1.60m (loss narrowed 38% from 2Q 2022). Aankondiging • May 11
Scryb Inc. announced that it has received CAD 2.165 million in funding On May 10, 2023, Scryb Inc. closed the transaction. The company amended the terms of the transaction. The company issued 6,765,000 units at an issue price of CAD 0.125 per unit for gross proceeds of CAD 845,625 in its second and final tranche. The company has issued 17,320,000 units for gross proceeds of CAD 2,165,000. The company paid finder's fees of CAD 7,500 and issued 60,000 units. Aankondiging • Dec 10
Scryb Inc., Annual General Meeting, Feb 22, 2023 Scryb Inc., Annual General Meeting, Feb 22, 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Independent Director Mike Minder is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Mike Minder is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 21
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Independent Director Mike Minder is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.