Board Change • Jul 27
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. 4 non-independent directors. Non-Executive Chairman Andrew Lapping was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 01
Trackwise Designs plc Announces Confirmation of Charles Cattaneo Step Down as Non-Executive Director Trackwise Designs plc confirmed that, further to the announcement on 14 December 2022 Charles Cattaneo has stepped down as Non-Executive Director and left the Company. Board Change • Jan 17
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Charles Cattaneo is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Aankondiging • Jan 10
Trackwise Designs plc Announces Board Changes The Board of Trackwise Designs plc announced that the following the General Meeting to approve the Fundraising, held on 6 January 2023, the appointment of Andrew Lapping and Chris Pennison to the Board of the Company, as Non-Executive Chairman and Non-Executive Director respectively, with effect from 9 January 2023. As announced on 14 December 2022, and included in the Circular to Shareholders dated 15 December 2022, in order to maintain Board numbers and also to control the cost base, Susan McErlain and Ian Griffiths will step down from the Board at the same time. Charles Cattaneo intends to step down from the Board at the end of January 2023. Given the forthcoming departure of Charles Cattaneo, the Company is commencing a recruitment process for an additional new non-executive director. Aankondiging • Dec 15
Trackwise Designs plc has completed a Follow-on Equity Offering in the amount of £4.253 million. Trackwise Designs plc has completed a Follow-on Equity Offering in the amount of £4.253 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 425,000,000
Price\Range: £0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000
Price\Range: £0.01
Transaction Features: Regulation S; Rights Offering; Subsequent Direct Listing Aankondiging • Dec 14
Trackwise Designs plc, Annual General Meeting, Jan 06, 2023 Trackwise Designs plc, Annual General Meeting, Jan 06, 2023, at 10:00 Coordinated Universal Time. Location: offices of the Trackwise at 1 Ashvale, Alexandra Way Tewkesbury United Kingdom Aankondiging • Jul 29
Trackwise Designs plc, Annual General Meeting, Aug 22, 2022 Trackwise Designs plc, Annual General Meeting, Aug 22, 2022, at 08:00 Coordinated Universal Time. Location: 1 Ashvale, Alexandra Way,Tewkesbury, Gloucestershire United Kingdom Reported Earnings • Jul 28
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: UK£0.058 loss per share (down from UK£0.06 profit in FY 2020). Revenue: UK£8.01m (up 32% from FY 2020). Net loss: UK£1.65m (down 234% from profit in FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 100%. Over the next year, revenue is forecast to grow 168%, compared to a 9.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Aankondiging • Jul 28
Trackwise Designs plc Appoints Paul Cook to Board and as Company Secretary Trackwise confirms the appointment of Paul Cook to the Board and as Company Secretary effective 27 July 2022. As previously announced Mark Hodgkins will step down from the Board at the Annual General Meeting and Paul will assume the role of Chief Financial Officer. Paul is an experienced finance professional with a track record of success across senior positions at several technology-driven manufacturing businesses selling into international markets, including Access IS, a manufacturer of scanning devices, and Sonatest, a manufacturer of portable non-destructive testing equipment. He was also Project Manager for PCB manufacturer, SMS Electronics. Most recently he was Chief Operating Officer and Compliance Officer at YFM Equity Partners, a leading private equity and venture capital investor, where he worked for a period of more than eight years. In his time at YFM he played an important role in the strategic development of the firm, while overseeing the key financial functions and financial reporting of its two listed British Smaller Companies VCTs. Aankondiging • Jul 26
Trackwise Designs plc to Report Fiscal Year 2021 Results on Jul 28, 2022 Trackwise Designs plc announced that they will report fiscal year 2021 results on Jul 28, 2022 Aankondiging • Jun 24
Trackwise Designs plc Provides Sales Guidance for the Year 2022 Trackwise Designs plc provided sales guidance for the year 2022. In the short term, due to reduced near term UK EV OEM customer demand, Group sales in 2022 are now expected to be below previous market expectations. Price Target Changed • Apr 27
Price target decreased to UK£3.15 Down from UK£4.00, the current price target is an average from 2 analysts. New target price is 334% above last closing price of UK£0.72. Stock is down 68% over the past year. The company is forecast to post a net loss per share of UK£0.037 compared to earnings per share of UK£0.06 last year. Aankondiging • Jan 06
Trackwise Designs plc has completed a Follow-on Equity Offering in the amount of £6.990269 million. Trackwise Designs plc has completed a Follow-on Equity Offering in the amount of £6.990269 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,250,336
Price\Range: £0.8
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,487,500
Price\Range: £0.8
Transaction Features: Rights Offering; Subsequent Direct Listing Reported Earnings • Sep 17
First half 2021 earnings released: UK£0.02 loss per share (vs UK£0.05 profit in 1H 2020) The company reported a mediocre first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: UK£4.09m (up 71% from 1H 2020). Net loss: UK£569.0k (down 162% from profit in 1H 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 21% share price gain to UK£2.18, the stock trades at a trailing P/E ratio of 36.5x. Average forward P/E is 32x in the Electronic industry in the United Kingdom. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.22 per share. Reported Earnings • Jun 24
Full year 2020 earnings released: EPS UK£0.06 (vs UK£0.003 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£6.07m (up 109% from FY 2019). Net income: UK£1.23m (up UK£1.28m from FY 2019). Profit margin: 20% (up from net loss in FY 2019). Is New 90 Day High Low • Dec 29
New 90-day high: UK£3.70 The company is up 121% from its price of UK£1.68 on 30 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.00 per share. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 25% share price gain to UK£3.00, the stock is trading at a trailing P/E ratio of 53.3x, up from the previous P/E ratio of 42.6x. This compares to an average P/E of 37x in the Electronic industry in the United Kingdom. Total returns to shareholders over the past year are 245%. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to UK£2.20, the stock is trading at a trailing P/E ratio of 39.1x, down from the previous P/E ratio of 46.2x. This compares to an average P/E of 36x in the Electronic industry in the United Kingdom. Total returns to shareholders over the past year are 213%. Valuation Update With 7 Day Price Move • Nov 25
Market pulls back on stock over the past week After last week's 21% share price decline to UK£2.60, the stock is trading at a trailing P/E ratio of 46.2x, down from the previous P/E ratio of 58.6x. This compares to an average P/E of 34x in the Electronic industry in the United Kingdom. Total returns to shareholders over the past year are 274%. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 22% share price gain to UK£3.65, the stock is trading at a trailing P/E ratio of 64.8x, up from the previous P/E ratio of 52.9x. This compares to an average P/E of 34x in the Electronic industry in the United Kingdom. Total returns to shareholders over the past year are 425%. Is New 90 Day High Low • Nov 16
New 90-day high: UK£3.12 The company is up 249% from its price of UK£0.90 on 18 August 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.36 per share. Valuation Update With 7 Day Price Move • Nov 07
Market bids up stock over the past week After last week's 16% share price gain to UK£2.86, the stock is trading at a trailing P/E ratio of 50.8x, up from the previous P/E ratio of 43.7x. This compares to an average P/E of 31x in the Electronic industry in the United Kingdom. Total returns to shareholders over the past year are 358%. Valuation Update With 7 Day Price Move • Oct 30
Market pulls back on stock over the past week After last week's 20% share price decline to UK£2.46, the stock is trading at a trailing P/E ratio of 43.7x, down from the previous P/E ratio of 54.7x. This compares to an average P/E of 28x in the Electronic industry in the United Kingdom. Total returns to shareholders over the past year are 294%. Valuation Update With 7 Day Price Move • Oct 21
Market bids up stock over the past week After last week's 28% share price gain to UK£2.68, the stock is trading at a trailing P/E ratio of 47.6x, up from the previous P/E ratio of 37.3x. This compares to an average P/E of 27x in the Electronic industry in the United Kingdom. Total returns to shareholders over the past year are 329%. Is New 90 Day High Low • Oct 06
New 90-day high: UK£1.97 The company is up 113% from its price of UK£0.93 on 08 July 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.06 per share. Aankondiging • Sep 26
Trackwise Designs Develops A Proprietary, Proven Technology IHT Trackwise Designs has developed a proprietary, proven technology, IHT, for manufacturing extremely long, flexible circuits that can replace conventional wiring harnesses. This disruptive technology is applicable to many industries including electric vehicles (EVs), medical devices and aerospace. Trackwise has already manufactured prototypes for customers in each of these sectors and received its first series production order from an EV manufacturer this September. Since IHT is an adaptation of the proven technology Trackwise uses for making advanced printed circuits, IHT has the transformative potential of a new technology but with much less risk. Price Target Changed • Sep 24
Price target raised to UK£2.03 Up from UK£1.83, the current price target is an average from 2 analysts. The new target price is 20% above the current share price of UK£1.69. As of last close, the stock is up 121% over the past year.