Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Simon Barrell 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. Aankondiging • Apr 16
SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £1.5 million. SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,829,268
Price\Range: £0.82
Transaction Features: Regulation S Aankondiging • Apr 15
SRT Marine Systems plc has filed a Follow-on Equity Offering in the amount of £1 million. SRT Marine Systems plc has filed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,219,512
Price\Range: £0.82
Transaction Features: Regulation S Aankondiging • Apr 14
SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £16 million. SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £16 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,682,927
Price\Range: £0.82
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,829,268
Price\Range: £0.82
Transaction Features: Regulation S; Subsequent Direct Listing Aankondiging • Mar 16
SRT Marine Systems plc Provides Earnings Guidance for the Second Half of the Financial Year 2026 SRT Marine Systems plc provided earnings guidance for the second half of the financial year 2026. The company expects revenues to continue to grow in the second half of the financial year, and the Board is confident in delivering current market expectations. Aankondiging • Jan 13
SRT Marine Systems plc Provides Earnings Guidance for the First Half Ended 31 December 2025 SRT Marine Systems plc provided earnings guidance for the first half ended 31 December 2025 . The group revenues for the first half are expected to be £51.1 million as compared to revenue result of £26.2 million a year ago. Aankondiging • Jul 09
SRT Marine Systems plc Provides Earnings Guidance for the 12 Months Ended 30 June 2025 SRT Marine Systems plc provided earnings guidance for the 12 months ended 30 June 2025. The company expected revenues for the period to be £77.5 million. Aankondiging • Jan 16
SRT Marine Systems plc Provides Earnings Guidance for the Six Month Ended 31 December 2024 SRT Marine Systems plc provided earnings guidance for the six months ended 31 December 2024. For the period, group revenues are expected to be £25.5 million, generating a profit before tax of approximately £2.5 million. Aankondiging • Oct 31
SRT Marine Systems plc, Annual General Meeting, Jan 23, 2025 SRT Marine Systems plc, Annual General Meeting, Jan 23, 2025. Aankondiging • Oct 29
Oliver Plunkett to Join SRT Marine Systems plc as Non-Executive Director SRT Marine Systems plc (SRT) announced that it has agreed a substantial investment and short-term finance bridge support package from existing shareholder Ocean Infinity (OI), together worth approximately £31 million. Oliver Plunkett, board member and CEO of OI, will join SRT's board as a non-executive director following the completion of the placing. New Risk • Jun 07
New major risk - Revenue and earnings growth Earnings have declined by 18% 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 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (8.5% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€45.3m market cap, or US$49.3m). New Risk • Apr 24
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 German stocks, typically moving 7.5% 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: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€56.8m market cap, or US$60.7m). New Risk • Feb 20
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 German stocks, typically moving 7.0% 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: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€81.5m market cap, or US$88.0m). Aankondiging • Dec 23
SRT Marine Systems plc has filed a Follow-on Equity Offering in the amount of £10.500052 million. SRT Marine Systems plc has filed a Follow-on Equity Offering in the amount of £10.500052 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 28,571,576
Price\Range: £0.35
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 1,428,571
Price\Range: £0.35
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 21
First half 2024 earnings released: UK£0.025 loss per share (vs UK£0.012 profit in 1H 2023) First half 2024 results: UK£0.025 loss per share (down from UK£0.012 profit in 1H 2023). Revenue: UK£5.50m (down 71% from 1H 2023). Net loss: UK£4.62m (down 318% from profit in 1H 2023). Revenue is forecast to grow 85% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Communications industry in Europe. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.2m (US$96.7m) 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 Interest payments are not well covered by earnings (0.4x net interest cover). High level of non-cash earnings (24% accrual ratio). Minor Risks Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Market cap is less than US$100m (€91.2m market cap, or US$96.7m). Aankondiging • Oct 06
SRT Marine Systems plc to Report Q2, 2024 Results on Nov 20, 2023 SRT Marine Systems plc announced that they will report Q2, 2024 results on Nov 20, 2023 Reported Earnings • Jul 28
Full year 2023 earnings released: EPS: UK£0 (vs UK£0.035 loss in FY 2022) Full year 2023 results: EPS: UK£0 (improved from UK£0.035 loss in FY 2022). Revenue: UK£30.5m (up 273% from FY 2022). Net income: UK£69.5k (up UK£5.91m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 54% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Communications industry in Europe. Aankondiging • Jul 28
SRT Marine Systems plc, Annual General Meeting, Sep 19, 2023 SRT Marine Systems plc, Annual General Meeting, Sep 19, 2023, at 10:00 Coordinated Universal Time. Location: Centurion Hotel, Charlton Lane, BA3 4BD Radstock United Kingdom Aankondiging • Jul 27
SRT Marine Systems plc to Report Fiscal Year 2023 Results on Jul 27, 2023 SRT Marine Systems plc announced that they will report fiscal year 2023 results at 6:00 AM, Coordinated Universal Time on Jul 27, 2023 New Risk • Jul 06
New major risk - Revenue and earnings growth Earnings have declined by 19% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). Recent Insider Transactions • Jun 28
CEO & Executive Director recently bought €58k worth of stock On the 26th of June, Simon Tucker bought around 100k shares on-market at roughly €0.58 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Simon's only on-market trade for the last 12 months. Aankondiging • Jun 27
SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £5.36 million. SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £5.36 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,220,000
Price\Range: £0.5
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,500,000
Price\Range: £0.5
Transaction Features: Subsequent Direct Listing Aankondiging • Jun 02
SRT Marine Systems plc Announces Appointment of Simon Barrell as Non-Executive Director SRT Marine Systems plc announced the appointment of Simon Barrell as a Non-Executive Director. Simon joined SRT in July 2019 and is a qualified, experienced Finance Director, latterly specialising in acquisitions, closures, mergers and the management of AIM flotations. He is an experienced Non-Executive Director of numerous plc’s dealing with strategy and commercial issues, preparation of business plans and assisting with all aspects of finance, accountancy, and statutory requirements. Breakeven Date Change • May 23
Forecast breakeven date pushed back to 2024 The analyst covering SRT Marine Systems previously expected the company to break even in 2023. New forecast suggests losses will reduce by 79% to 2023. The company is expected to make a profit of UK£7.10m in 2024. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Reported Earnings • Nov 16
First half 2023 earnings released: EPS: UK£0.012 (vs UK£0.019 loss in 1H 2022) First half 2023 results: EPS: UK£0.012 (up from UK£0.019 loss in 1H 2022). Revenue: UK£18.8m (up 301% from 1H 2022). Net income: UK£2.12m (up UK£5.25m from 1H 2022). Profit margin: 11% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Simon Barrell 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. Aankondiging • Oct 04
SRT Marine Systems plc to Report First Half, 2023 Results on Nov 14, 2022 SRT Marine Systems plc announced that they will report first half, 2023 results on Nov 14, 2022 Reported Earnings • Jul 29
Full year 2022 earnings released: UK£0.035 loss per share (vs UK£0.031 loss in FY 2021) Full year 2022 results: UK£0.035 loss per share (down from UK£0.031 loss in FY 2021). Revenue: UK£8.17m (down 1.2% from FY 2021). Net loss: UK£5.84m (loss widened 14% from FY 2021). Over the next year, revenue is forecast to grow 593%, compared to a 8.1% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Simon Barrell 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. Aankondiging • Apr 05
SRT Marine Systems plc to Report Fiscal Year 2022 Final Results on Jul 28, 2022 SRT Marine Systems plc announced that they will report fiscal year 2022 final results on Jul 28, 2022 Board Change • Feb 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Simon Barrell 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. Aankondiging • Feb 04
SRT Marine Systems plc Announces Management Changes SRT Marine Systems plc announced that Jean-Francois Bonnin ('Jeff') has joined the Executive Board of Directors as Product Management Director. Jeff joined SRT as Product Management Director in January 2019 with the primary responsibility of driving functionality innovation in the SRT-MDA System. Professionally trained and qualified as a meteorologist and oceanographer, prior to joining SRT, Jeff spent 12 years in the French Navy rising to a senior rank and undertaking multiple missions that encompassed routine patrols, fisheries protection, anti-smuggling and anti-terrorist detection and interception. After leaving the French Navy in 2007, he worked as Regional Sales Manager at Meteogroup for the Oil & Gas Business Unit and CLS from 2015 to 2019 as a Director for sustainable fisheries, before joining SRT in 2019. Reported Earnings • Dec 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: UK£0.019 loss per share (down from UK£0.017 loss in 1H 2021). Revenue: UK£4.70m (up 24% from 1H 2021). Net loss: UK£3.13m (loss widened 15% from 1H 2021). Revenue was in line with analyst estimates. Reported Earnings • Jul 31
Full year 2021 earnings released: UK£0.031 loss per share (vs UK£0.039 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: UK£8.28m (down 56% from FY 2020). Net loss: UK£5.13m (loss narrowed 16% from FY 2020). Aankondiging • Apr 10
SRT Marine Systems plc Provides Earnings Guidance for the Year Ended 31 March 2021 SRT Marine Systems plc provided earnings guidance for the year ended 31 March 2021. For the period, the company expects to report revenues of approximately £8.2 million and loss before tax of £5.8 million. 
