Recent Insider Transactions • Jun 21
Non-Executive Director recently bought AU$52k worth of stock On the 16th of June, Heinrich Loechteken bought around 126k shares on-market at roughly AU$0.41 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$161k. Insiders have collectively bought AU$379k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 06
Non-Executive Director recently bought AU$110k worth of stock On the 29th of May, Heinrich Loechteken bought around 268k shares on-market at roughly AU$0.41 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$161k. Insiders have collectively bought AU$327k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 27
Non-Executive Director recently bought AU$57k worth of stock On the 21st of May, Heinrich Loechteken bought around 145k shares on-market at roughly AU$0.39 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$161k. Insiders have collectively bought AU$217k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 16
Non-Executive Director recently bought AU$161k worth of stock On the 11th of May, Heinrich Loechteken bought around 402k shares on-market at roughly AU$0.40 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$388k more in shares than they have sold in the last 12 months. Announcement • Nov 28
Structural Monitoring Systems Plc, Annual General Meeting, Dec 23, 2025 Structural Monitoring Systems Plc, Annual General Meeting, Dec 23, 2025. Location: at level 17, 221 st georges terrace, perth, western australia 6000 Australia Reported Earnings • Oct 05
Full year 2025 earnings released: EPS: AU$0.001 (vs AU$0.008 loss in FY 2024) Full year 2025 results: EPS: AU$0.001 (up from AU$0.008 loss in FY 2024). Revenue: AU$28.1m (flat on FY 2024). Net income: AU$173.0k (up AU$1.21m from FY 2024). Profit margin: 0.6% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: AU$0.001 (vs AU$0.008 loss in FY 2024) Full year 2025 results: EPS: AU$0.001 (up from AU$0.008 loss in FY 2024). Revenue: AU$28.2m (up 1.1% from FY 2024). Net income: AU$184.0k (up AU$1.23m from FY 2024). Profit margin: 0.7% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Jun 30
Forecast breakeven date pushed back to 2026 The analyst covering Structural Monitoring Systems previously expected the company to break even in 2025. New forecast suggests the company will make a profit of AU$5.70m in 2026. Average annual earnings growth of 125% is required to achieve expected profit on schedule. Recent Insider Transactions • May 27
Non-Executive Director recently bought AU$205k worth of stock On the 26th of May, Heinrich Loechteken bought around 456k shares on-market at roughly AU$0.45 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$486k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 16
Non-Executive Director recently bought AU$168k worth of stock On the 14th of May, Heinrich Loechteken bought around 395k shares on-market at roughly AU$0.43 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$204k more in shares than they have sold in the last 12 months. New Risk • Mar 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 Australian stocks, typically moving 12% 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 (12% average weekly change). Market cap is less than US$100m (AU$74.1m market cap, or US$46.6m). Announcement • Jan 10
Structural Monitoring Systems Plc has filed a Follow-on Equity Offering in the amount of AUD 1.337137 million. Structural Monitoring Systems Plc has filed a Follow-on Equity Offering in the amount of AUD 1.337137 million.
Security Name: Chess Depositary Interest
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 2,571,418
Price\Range: AUD 0.52
Transaction Features: Subsequent Direct Listing Announcement • Nov 18
Structural Monitoring Systems Plc, Annual General Meeting, Dec 18, 2024 Structural Monitoring Systems Plc, Annual General Meeting, Dec 18, 2024. Location: at level 13, collins arch, 447 collins street, melbourne vic 3000, Australia New Risk • Nov 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.7% 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: Minor Risks Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Market cap is less than US$100m (AU$72.0m market cap, or US$47.1m). Announcement • Nov 11
Structural Monitoring Systems Plc has completed a Follow-on Equity Offering in the amount of AUD 5 million. Structural Monitoring Systems Plc has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: CHESS Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 9,615,385
Price\Range: AUD 0.52
Discount Per Security: AUD 0.0312
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Nov 06
Structural Monitoring Systems Plc has filed a Follow-on Equity Offering in the amount of AUD 2 million. Structural Monitoring Systems Plc has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: CHESS Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 3,846,154
Price\Range: AUD 0.52 Announcement • Oct 18
Structural Monitoring Systems plc Announces Resignation of Miro Miletic as Non-Executive Director Structural Monitoring Systems Plc announced that Mr. Miro Miletic has resigned as a non-executive director of the Company due to the demands of his other business commitments, effective as of October 18, 2024. Mr. Miletic joined the board of SMS as non-executive director in November 2022 at a critical phase in the Company's history and was a key part of the broader team responsible for oversight of the successful completion of the testing requirements for Boeing of its CVMTM sensor technology ahead of eventual submission for approval to the FAA. Reported Earnings • Oct 03
Full year 2024 earnings released: AU$0.008 loss per share (vs AU$0.025 loss in FY 2023) Full year 2024 results: AU$0.008 loss per share (improved from AU$0.025 loss in FY 2023). Revenue: AU$28.0m (up 25% from FY 2023). Net loss: AU$1.04m (loss narrowed 69% from FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in Australia. 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 16% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Full year 2024 earnings released: AU$0.008 loss per share (vs AU$0.025 loss in FY 2023) Full year 2024 results: AU$0.008 loss per share (improved from AU$0.025 loss in FY 2023). Revenue: AU$28.0m (up 25% from FY 2023). Net loss: AU$1.04m (loss narrowed 69% from FY 2023). 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 5% per year, which means it is significantly lagging earnings. New Risk • Jul 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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: Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (AU$65.9m market cap, or US$44.5m). New Risk • Mar 02
New major risk - Revenue and earnings growth Earnings have declined by 0.06% 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 0.06% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$58.8m market cap, or US$38.4m). Announcement • Nov 11
Structural Monitoring Systems Plc has completed a Follow-on Equity Offering in the amount of AUD 1 million. Structural Monitoring Systems Plc has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Common Stock
Securities Offered: 2,325,581
Price\Range: AUD 0.43
Discount Per Security: AUD 0.0258
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Nov 08
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 Australian stocks, typically moving 14% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$93.9m market cap, or US$60.4m). Announcement • Nov 06
Structural Monitoring Systems Plc, Annual General Meeting, Dec 08, 2023 Structural Monitoring Systems Plc, Annual General Meeting, Dec 08, 2023, at 10:01 E. Australia Standard Time. Location: Level 20, 181 William Street Melbourne Victoria Australia Agenda: To consider Directors' general authority to allot Shares under UK Companies Act; to consider appointment of Auditors; to consider re-appointment of Director Miroljub Miletic; to consider re-appointment of Director - Heinrich Loechteken; to consider adoption of Employee Incentive Plan; to consider Issue of Incentive Securities to Brian Wall; to consider Additional Placement Capacity; and to consider General disapplication of Pre-Emption Rights under UK Companies Act. Reported Earnings • Oct 01
Full year 2023 earnings released: AU$0.025 loss per share (vs AU$0.031 loss in FY 2022) Full year 2023 results: AU$0.025 loss per share (improved from AU$0.031 loss in FY 2022). Revenue: AU$22.4m (up 43% from FY 2022). Net loss: AU$3.31m (loss narrowed 14% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.024 loss per share (vs AU$0.033 loss in FY 2022) Full year 2023 results: AU$0.024 loss per share (improved from AU$0.033 loss in FY 2022). Revenue: AU$22.4m (up 43% from FY 2022). Net loss: AU$3.14m (loss narrowed 22% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Mar 10
First half 2023 earnings released: AU$0.015 loss per share (vs AU$0.012 loss in 1H 2022) First half 2023 results: AU$0.015 loss per share (further deteriorated from AU$0.012 loss in 1H 2022). Revenue: AU$10.1m (up 51% from 1H 2022). Net loss: AU$1.93m (loss widened 31% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Announcement • Nov 22
Structural Monitoring Systems plc Appoints Miroljub (Miro) Miletic as Director Structural Monitoring Systems Plc announced the appointment of Mr. Miroljub (Miro) Miletic as director. Date of appointment is 15 November 2022. Board Change • Nov 16
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. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Company Secretary & Non-Executive Director Sam Wright is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Brian Wall was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Nov 09
Structural Monitoring Systems Announces Resignation of Rick Deurloo as Non-Executive Director Structural Monitoring Systems Plc advised that Rick Deurloo has tendered his resignation as a non-executive director of the Company effective immediately. TheBoard has accepted the resignation of Mr. Deurloo with regret and appreciates the contribution he has been able to make during his short time on the Board. Mr. Deurloo was elevated to President of Commercial Engines Business at Pratt and Whitney and departs SMS to focus on those commitments. On 3 October 2022, the Board announced that it had received a nomination from Mr. Miroljub (Miro) Miletic to be considered by shareholders for election as a non-executive director of the Company at the forthcoming Annual General Meeting (AGM) to be held in Perth on 15 November 2022. Mr. Miletic is the founder and Managing Director of MEMKO, holds an Honorary Doctorate in Engineering (Aerospace) from RMIT University and has held a number of leadership positions at The Boeing Company Australia, including Manager (Business Development and Planning). The Board has identified Mr. Miletic to have the necessary specialised skills, experience, managementand leadership qualities and considers him an outstanding candidate for a Board position as the Company progresses its commercialisation strategy. Announcement • Oct 27
Structural Monitoring Systems Plc Completes POD Testing of the 737 APB Program with Boeing Structural Monitoring Systems Plc provided an update on the recent POD testing conducted by the Company at its Kelowna facility in British Columbia, Canada. The POD testing for the Boeing 737 Aft Pressure Bulkhead (APB) application commenced in September, as referred to in previous announcement of 8 September, and was conducted over a period of approximately 20 business days at Anodyne Electrics Manufacturing Corporation's ("AEM") newly established Kelowna facility. This critical APB application, developed in conjunction with Delta Airlines, has strong market potential for the Company with the expectation that it will translate into commercial sales in the short to mid- term. This will then be followed by the completion of a Reliability Report, a Compliance Data Summary Report and Boeing Service bulletin revision and issuance early in 2023 towards targeted Federal Aviation Administration approval between March and May 2023. Announcement • Oct 15
Structural Monitoring Systems Plc Solicits Proxy from Shareholders On October 14, 2022, Structural Monitoring Systems plc announced that it has received a request that it put to its shareholders for their consideration resolutions that current directors Bryant McLarty and Sam Wright, along with any new director(s) appointed on and from 5 September 2022, be removed from the Board, and that Andrew Roberto and Heinrich Loechteken be appointed to the Board. Further, the Company urged the shareholders to vote against resolutions at its annual general meeting. Reported Earnings • Oct 07
Full year 2022 earnings released: AU$0.033 loss per share (vs AU$0.016 loss in FY 2021) Full year 2022 results: AU$0.033 loss per share (further deteriorated from AU$0.016 loss in FY 2021). Revenue: AU$15.7m (up 2.4% from FY 2021). Net loss: AU$4.03m (loss widened 106% from FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Sep 21
Structural Monitoring Systems Plc has completed a Follow-on Equity Offering in the amount of AUD 1.925 million. Structural Monitoring Systems Plc has completed a Follow-on Equity Offering in the amount of AUD 1.925 million.
Security Name: Chess Depositary Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 5,500,000
Price\Range: AUD 0.35
Transaction Features: Subsequent Direct Listing Announcement • Sep 02
Drake Private Investments Seeks Replacement of Directors at Structural Monitoring Systems On September 1, 2022, Structural Monitoring Systems Plc announced that on August 30, 2022, the Company received a request from Drake Private Investments LLC, for the Company to call a meeting of shareholders pursuant to section 168 of the Companies Act 2006. The Company stated that the proposed requisition requests the convening of a general meeting of the Company to consider, and if thought fit, pass the following resolutions as ordinary resolutions: (1) that Sam Wright and Bryant McLarty be removed as Directors of the Company with immediate effect upon the passing of this resolution, (2) that Heinrich Loechteken and Andrew Roberto be elected as Directors of the Company with immediate effect upon the passing of this resolution, and (3) that any person appointed as a director of the Company on and from the date of this requisition being the 30th of August 2022 until the end of the general meeting be removed as a director of the Company with immediate effect on the passing of this resolution. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.031 loss per share (vs AU$0.016 loss in FY 2021) Full year 2022 results: AU$0.031 loss per share (down from AU$0.016 loss in FY 2021). Revenue: AU$16.3m (up 6.0% from FY 2021). Net loss: AU$3.84m (loss widened 96% from FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Structural Monitoring Systems Plc, Annual General Meeting, Nov 11, 2022 Structural Monitoring Systems Plc, Annual General Meeting, Nov 11, 2022. Location: Perth, Western Australia Perth Australia Announcement • Jul 14
Structural Monitoring Systems plc Appoints Ross Love as Director Structural Monitoring Systems Plc announced the appointment of Mr. Ross Love as Director, effective from 13 July 2022. Board Change • Apr 27
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). Executive Chairman Will Rouse is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Director Bryant McLarty was the last independent 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: Minority of independent directors. Lack of experienced directors. Recent Insider Transactions • Mar 09
Independent Non-Executive Director recently bought AU$105k worth of stock On the 7th of March, Bryant McLarty bought around 100k shares on-market at roughly AU$1.05 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Mar 07
Structural Monitoring Systems Plc Announces Us Federal Aviation Administration Grants Authority to Issue Supplemental Type Certificate Approval Structural Monitoring Systems Plc announced that the US Federal Aviation Administration has granted its authority to issue a Supplemental Type Certificate approval, for using CVM Sensor technology on the B737-800 Intelsat Wi-Fi antenna support structure inspection. This approval marks an extraordinary milestone in aviation history, the first-ever in the world regulatory agency approved sensor technology validated and certified for detecting critical structural cracks on aircraft. The certification of CVM as an approved method of compliance will enable B737-800 operators to perform inspections utilising CVM sensors in lieu of using handheld Eddy Current probes for those inspections. The use of CVM eliminates the requirements to remove overhead ceiling panels, pneumatic ducting and insulation blankets currently required to gain access to perform inspections. Inspection using CVM sensors can be performed at the gate during a turn-around in approximately 30 minutes, as opposed to taking the aircraft to the hangar to perform the inspections. The certification of CVM sensors to detect cracks on aircraft is expected to meaningfully impact the industry maintenance inspection methods. These new methods will significantly reduce operating costs for the industry at a time which has never been more important as the aviation industry recovers from the impact of the COVID pandemic. Announcement • Mar 04
Structural Monitoring Systems plc Announces the Appointment of Rick Deurloo to the Board as a Non-Executive Director, Effective 1 April 2022 Structural Monitoring Systems Plc announced the appointment of Rick Deurloo to the board of SMS as a non-executive director, effective 1 April 2022. Rick has more than 23 years of experience in management and sales in the global aerospace industry and is currently SVP & Chief Commercial Officer for Pratt & Whitney. In this role he is responsible for leading and directing all Sales, Marketing and Customer Support worldwide for Pratt & Whitney Commercial Engines and International Aero Engines (IAE). Board Change • Feb 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Bryant McLarty was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 10
Structural Monitoring Systems Plc has withdrawn its Derivatives Offering in the amount of AUD 1.227714 million. Structural Monitoring Systems Plc has withdrawn its Derivatives Offering in the amount of AUD 1.227714 million.
Security Name: Option
Security Type: Equity Option
Securities Offered: 12,277,143
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Rights Offering Board Change • Oct 21
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. Company Secretary & Non-Executive Director Sam Wright was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.022 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: AU$15.3m (down 20% from FY 2020). Net loss: AU$1.96m (loss narrowed 23% from FY 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.022 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: AU$15.3m (down 20% from FY 2020). Net loss: AU$1.96m (loss narrowed 23% from FY 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 10
New 90-day low: AU$0.41 The company is down 9.0% from its price of AU$0.45 on 12 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 19% over the same period. Announcement • Feb 08
Structural Monitoring Systems plc Announces Update on Progress to Pivotal STC Structural Monitoring Systems Plc provided the following update for shareholders: As part of the previously announced requirements to achieve STC approval, SMS has now received the Statement of Conformity Certification from the FAA after completing the CVMTM kit installation in Victorville, CA on a Delta B737-800 aircraft. This is a major milestone achieved on the well defined path toward the first STC approval. The next and final milestone is the submission of the combined laboratory test data from Sandia and Delta Engineering to the FAA. Although the FAA could request additional data from the laboratory reports, are expecting these would have minimal impact to the overall certification timing. The SMS team, led by Rich Poutier and John Linn, along with personnel from Delta Airlines, Delta Engineering and a team of technicians from AeroX worked diligently to install, test and certify the sensor kit on the Delta aircraft. AeroX is a certified aircraft maintenance group that was approved by Delta Airlines to assist with the installation in Victorville. Prior to arriving on site, SMS and AEM personnel trained the AeroX technicians on the best practices for installation of the sensor kits and the testing protocols required to certify that each sensor was operating properly. CVMTM is progressing to a commercial and technical ready status which will allow the industry to replace costly ground based hangar inspections. Announcement • Dec 19
Structural Monitoring Systems Plc, Annual General Meeting, Jan 21, 2021 Structural Monitoring Systems Plc, Annual General Meeting, Jan 21, 2021, at 09:00 W. Australia Standard Time. Agenda: To consider re-appointment of Directors; to consider re-appointment of Auditors; to consider issue of Performance Rights in lieu of accrued fees to William Rouse; to consider issue of Performance Rights in lieu of accrued fees to R Michael Reveley; to consider issue of Performance Rights in lieu of accrued fees to Terry Walsh; to consider issue of Performance Rights pursuant to Employment Agreement; to consider issue of Performance Rights in lieu of accrued fees to Stephen Forman; to consider issue of Performance Rights pursuant to Employment Agreement; to consider issue of Performance Rights in lieu of accrued fees to Sam Wright; to consider issue of Shares to William Rouse; and to consider issue of Shares to Terry Walsh. Recent Insider Transactions • Oct 25
CFO, COO & Executive Director recently sold AU$86k worth of stock On the 20th of October, Robert Reveley sold around 183k shares on-market at roughly AU$0.47 per share. This was the largest sale by an insider in the last 3 months. Robert has been a seller over the last 12 months, reducing personal holdings by AU$7.5k. Is New 90 Day High Low • Oct 21
New 90-day low: AU$0.45 The company is down 17% from its price of AU$0.54 on 23 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 34% over the same period. Announcement • Oct 14
Structural Monitoring Systems plc Announces Personnel Changes Structural Monitoring Systems Plc announced that Terry Walsh will step down as a Non-Executive Director on the SMS Board, and will continue in his role as Head of Corporate & Legal Affairs. With immediate effect, Sam Wright will join the Board as a Non-Executive Director, fulfilling the position vacated by Mr. Walsh. Reported Earnings • Oct 03
Full year earnings released - AU$0.022 loss per share Over the last 12 months the company has reported total losses of AU$2.55m, with losses narrowing by 37% from the prior year. Total revenue was AU$19.1m over the last 12 months, up 17% from the prior year.