New Risk • Mar 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Negative equity (-CA$2.1m). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (CA$5.28m market cap, or US$3.84m). Minor Risks Share price has been volatile over the past 3 months (19% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (CA$2.8m revenue, or US$2.0m). Announcement • Mar 12
Braille Energy Systems Inc. announced that it has received CAD 0.375 million in funding On March 11, 2026, Braille Energy Systems Inc closed the transaction. Insiders of the Company subscribed for up to 3,000,000 Units for aggregate gross proceeds of CAD 150,000. New Risk • Mar 09
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 Canadian stocks, typically moving 18% 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 Risks Negative equity (-CA$2.1m). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (CA$4.94m market cap, or US$3.64m). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Revenue is less than US$5m (CA$2.8m revenue, or US$2.1m). Reported Earnings • Mar 03
First quarter 2026 earnings released: CA$0.008 loss per share (vs CA$0.003 loss in 1Q 2025) First quarter 2026 results: CA$0.008 loss per share (further deteriorated from CA$0.003 loss in 1Q 2025). Revenue: CA$497.0k (down 41% from 1Q 2025). Net loss: CA$857.2k (loss widened 165% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 29
Full year 2025 earnings released: CA$0.016 loss per share (vs CA$0.027 loss in FY 2024) Full year 2025 results: CA$0.016 loss per share (improved from CA$0.027 loss in FY 2024). Revenue: CA$3.14m (down 6.8% from FY 2024). Net loss: CA$1.56m (loss narrowed 39% from FY 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Nov 11
Braille Energy Systems Inc. announced that it has received CAD 0.3 million in funding On November 10, 2025, Braille Energy Systems Inc. announced that it has amended the deal terms. The company will now issue 6,000,000 units at a price per share of CAD 0.05 for gross proceeds of CAD 300,000. Each Unit consists of one common share in the capital of the Company and one non-transferable common share purchase warrant of the Company. Each whole Warrant will entitle the holder thereof to acquire one Common Share at an exercise price per Common Share of CAD 0.08 for a period of 24 months from the closing of the Offering. If at any time after the four (4) months hold period noted below, the trading price of the Braille Energy Systems' shares on the TSX Venture Exchange is equal to or exceeds CAD 0.20 for 10 consecutive trading days, as evidenced by the price at the close of market, the expiry date may be accelerated by the Company providing notice to the holders of the Warrants, and upon receipt of such notice, the holders shall have 30 days to exercise the Warrants. The Company paid a finder's fee of CAD 10,200 cash and issued 204,000 warrants. Each Broker Warrant will entitle the finder to acquire one Common Share at an exercise price per Common Share of CAD 0.10 for a period of 24 months from the date of issuance. The Broker Warrants are subject to the Warrant Accelerator.
On the same day, Braille Energy Systems Inc. announced that it has raised CAD 300,000 and closed the transaction. New Risk • Oct 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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$375k free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-CA$1.1m). Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (CA$6.45m market cap, or US$4.60m). Minor Risk Revenue is less than US$5m (CA$3.2m revenue, or US$2.3m). Announcement • Sep 28
Braille Energy Systems Inc. Provides Corporate Update on Its Product Lines, Growth Strategy, and Market Outlook Braille Energy Systems Inc. provided a corporate update on its product lines, growth strategy, and market outlook. Electrafy™?: Enabling Reliable, Intelligent Energy Solutions. BESI's Electrafy™? platform-a turnkey high-density residential energy management and storage solution- is a proprietary BESI product for addressing the growing energy reliability needs in North America. As extreme weather events, rolling blackouts, and increasing strain on power grids highlight the vulnerabilities of existing infrastructure, Electrafy is positioned to deliver reliable, scalable solutions for customers seeking energy security and cost efficiency. While initial pilot projects have targeted commercial fleets and microgrids, the Company sees significant opportunity for Electrafy in the high-density urban residential sector, including condominiums, multi-unit dwellings, and community developments. These applications are expected to benefit from modular storage and intelligent load-balancing capabilities that can reduce energy costs, enable backup power, and support the transition to electric mobility. To accelerate adoption, BESI is advancing and expanding its partnership announced on January 8th with Enercare, one of North America's largest providers of energy services for the residential sector. Together, the companies are exploring deployment opportunities for Electrafy in multi-residential backup power systems. In addition, BESI is building out new distribution channels with technology integrators, utilities, and real estate developers to expand its market reach across residential, commercial, and fleet segments. Braille Battery: Expanding Performance Applications. Alongside Electrafy, the Company's Braille Battery division continues to operate as a global leader in ultra-lightweight, high-performance lithium batteries. Trusted in professional racing and performance automotive sectors, Braille Battery is now focused on maintaining its reputation and continuing to provide customers with its batteries more efficiently. For the remainder of the year, BESI will focus on: Scaling Electrafy™? pilot projects into full deployments with residential, fleet, and commercial customers. Expanding partnerships with Enercare and additional distribution networks to reach high-density residential markets. Continuing the commercial expansion of Braille Battery; and. Optimizing operational efficiency to support sustainable growth and scalability. Market Outlook. The dual pressures of electrification and grid reliability challenges are placing increasing strains on an aging electrical grid. BESI's product portfolio positions the Company to serve high-growth markets including residential energy reliability. Reported Earnings • Aug 28
Third quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.003 loss in 3Q 2024) Third quarter 2025 results: CA$0.002 loss per share (improved from CA$0.003 loss in 3Q 2024). Revenue: CA$848.9k (down 8.0% from 3Q 2024). Net loss: CA$228.4k (loss narrowed 26% from 3Q 2024). Revenue is forecast to grow 109% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electrical industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
Second quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.004 loss in 2Q 2024) Second quarter 2025 results: CA$0.002 loss per share (improved from CA$0.004 loss in 2Q 2024). Revenue: CA$839.2k (down 7.2% from 2Q 2024). Net loss: CA$193.8k (loss narrowed 43% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$474k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$474k free cash flow). Negative equity (-CA$685k). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (CA$5.96m market cap, or US$4.12m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Revenue is less than US$5m (CA$3.3m revenue, or US$2.3m). Reported Earnings • Mar 02
First quarter 2025 earnings released: CA$0.003 loss per share (vs CA$0.005 loss in 1Q 2024) First quarter 2025 results: CA$0.003 loss per share (improved from CA$0.005 loss in 1Q 2024). Revenue: CA$845.0k (down 3.2% from 1Q 2024). Net loss: CA$323.4k (loss narrowed 32% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Jan 31
Braille Energy Systems Inc. Auditor Raises 'Going Concern' Doubt Braille Energy Systems Inc. filed its Annual on Jan 29, 2025 for the period ending Sep 30, 2024. In this report its auditor, UHY McGovern Hurley LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Jan 29
Full year 2024 earnings released: CA$0.027 loss per share (vs CA$0.033 loss in FY 2023) Full year 2024 results: CA$0.027 loss per share (improved from CA$0.033 loss in FY 2023). Revenue: CA$3.37m (down 10% from FY 2023). Net loss: CA$2.56m (loss narrowed 8.4% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Oct 17
Braille Energy Systems Inc. announced that it expects to receive CAD 0.3 million in funding Braille Energy Systems Inc. announced a private placement that it will issue 3,333,333 units at a price of CAD 0.09 per Unit for aggregate gross proceeds of CAD 300,000 on October 16, 2024. Each Unit consist of one common share in the capital of the Company and one non-transferable common share purchase warrant of the Company. Each whole Warrant will entitle the holder thereof to acquire one Common Share at an exercise price per Common Share of CAD 0.15 for a period of 24 months from each closing of the Offering. If at any time after the 4 months hold period noted below, the trading price of the Company’s shares on the TSX Venture Exchange is equal to or exceeds CAD 0.35 for 10 consecutive trading days, as evidenced by the price at the close of market, the expiry date may be accelerated by the Company providing notice to the holders of the Warrants, and upon receipt of such notice, the holders shall have 30 days to exercise the Warrants.
On the same day, the company issued 1,111,111 Units for aggregate gross proceeds of CAD 100,000 in its first tranche. The balance of the Offering may close in one or more additional tranches. The Offering is subject to certain conditions including the final approval of the TSX-V. The Company paid a finder’s fee of $5,000 cash and issued 55,556 warrants. Announcement • Oct 08
Braille Energy Systems Inc. Provides Update on EARLYALERT Lithium Battery Warning System Braille Energy Systems Inc. announced the successful validation of its EARLYALERT Lithium Battery Thermal Warning System by an independent third party, ChargeSafe. Test results will be used to apply for a TM-1 technology approval with the New York City Fire Department (FDNY) for their charging cabinets, as part of a city initiative to provide secure and safe lithium battery charging stations in NYC for the growing electric micromobility (e-micromobility) market. Lithium battery fires in micromobility devices continue to be a significant issue in NYC due the popularity of e-bikes. The test was conducted in a controlled environment that mimicked the effects of thermal runaway, the leading cause of catastrophic battery fires The EARLYALERT system provided early detection, shutting off the charging system and thereby limiting catastrophic damage. Reported Earnings • Aug 29
Third quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.009 loss in 3Q 2023) Third quarter 2024 results: CA$0.003 loss per share (improved from CA$0.009 loss in 3Q 2023). Revenue: CA$922.6k (down 19% from 3Q 2023). Net loss: CA$308.0k (loss narrowed 61% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Announcement • Aug 02
Braille Energy Systems Inc. announced that it has received CAD 0.4 million in funding Braille Energy Systems Inc. announced a non-brokered private placement of up to 4,444,444 units at a price of CAD 0.09 per unit for aggregate gross proceeds of up to CAD 399,999.96 on August 1, 2024. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one common share at an exercise price per common share of CAD 0.10 for a period of 24 months from the closing of the offering. No commissions or fees are payable in connection with this financing. The transaction will include participation from accredited investors and employees, executive officers, directors and consultants including insiders of the company for up to 2,222,222 units. The offering is expected to close on or about August 2, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange, as well as the satisfaction of other customary closing conditions. The units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. Announcement • Jun 26
Braille Energy Systems Inc., Annual General Meeting, Aug 29, 2024 Braille Energy Systems Inc., Annual General Meeting, Aug 29, 2024. New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$1.3m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (CA$7.97m market cap, or US$5.79m). Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Revenue is less than US$5m (CA$3.6m revenue, or US$2.6m). Reported Earnings • Jun 04
Second quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.008 loss in 2Q 2023) Second quarter 2024 results: CA$0.004 loss per share (improved from CA$0.008 loss in 2Q 2023). Revenue: CA$904.1k (down 18% from 2Q 2023). Net loss: CA$340.5k (loss narrowed 50% from 2Q 2023). Revenue is forecast to grow 69% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Electrical industry in Canada. 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 39% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 29
First quarter 2024 earnings released: CA$0.005 loss per share (vs CA$0.01 loss in 1Q 2023) First quarter 2024 results: CA$0.005 loss per share (improved from CA$0.01 loss in 1Q 2023). Revenue: CA$872.8k (flat on 1Q 2023). Net loss: CA$476.4k (loss narrowed 41% from 1Q 2023). Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electrical industry in Canada. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jan 30
Full year 2023 earnings released: CA$0.033 loss per share (vs CA$0.034 loss in FY 2022) Full year 2023 results: CA$0.033 loss per share. Revenue: CA$3.76m (down 8.3% from FY 2022). Net loss: CA$2.80m (flat on FY 2022). Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electrical industry in Canada. New Risk • Oct 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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$3.0m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (CA$4.58m market cap, or US$3.34m). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Revenue is less than US$5m (CA$4.1m revenue, or US$3.0m). New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$3.0m free cash flow). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (CA$3.67m market cap, or US$2.70m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Revenue is less than US$5m (CA$4.1m revenue, or US$3.0m). Reported Earnings • Aug 30
Third quarter 2023 earnings released: CA$0.009 loss per share (vs CA$0.003 loss in 3Q 2022) Third quarter 2023 results: CA$0.009 loss per share (further deteriorated from CA$0.003 loss in 3Q 2022). Revenue: CA$1.14m (flat on 3Q 2022). Net loss: CA$784.3k (loss widened 217% from 3Q 2022). Revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 31% growth forecast for the Electrical industry in Canada. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 02
Second quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.02 loss in 2Q 2022) Second quarter 2023 results: CA$0.008 loss per share (improved from CA$0.02 loss in 2Q 2022). Revenue: CA$1.11m (up 2.7% from 2Q 2022). Net loss: CA$687.2k (loss narrowed 58% from 2Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 41% growth forecast for the Electrical industry in Canada. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 02
First quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.004 loss in 1Q 2022) First quarter 2023 results: CA$0.01 loss per share (further deteriorated from CA$0.004 loss in 1Q 2022). Revenue: CA$876.8k (flat on 1Q 2022). Net loss: CA$800.6k (loss widened 127% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 10
Braille Energy Systems Inc., Annual General Meeting, Apr 19, 2023 Braille Energy Systems Inc., Annual General Meeting, Apr 19, 2023. Reported Earnings • Jan 31
Full year 2022 earnings released: CA$0.034 loss per share (vs CA$0.012 loss in FY 2021) Full year 2022 results: CA$0.034 loss per share (further deteriorated from CA$0.012 loss in FY 2021). Revenue: CA$4.10m (up 18% from FY 2021). Net loss: CA$2.79m (loss widened 253% from FY 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 13
Braille Energy Systems Inc. announced that it expects to receive CAD 1 million in funding Braille Energy Systems Inc. announced a private placement for gross proceeds of CAD 1,000,000 on December 12, 2022. The company will issue common stock in the transaction. Board Change • Nov 16
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. 2 non-independent directors. Independent Director Marc Roy 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. Reported Earnings • Aug 28
Third quarter 2022 earnings released: CA$0.003 loss per share (vs CA$0 in 3Q 2021) Third quarter 2022 results: CA$0.003 loss per share (down from CA$0 in 3Q 2021). Revenue: CA$1.15m (up 16% from 3Q 2021). Net loss: CA$247.5k (down CA$260.3k from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 13
Stria Lithium Inc. (TSXV:SRA) completed the acquisition of Romer Polymetallic Property from Braille Energy Systems Inc. (TSXV:BES) for CAD 0.31 million. Stria Lithium Inc. (TSXV:SRA) entered into a letter of intent to acquire Romer Polymetallic Property from Braille Energy Systems Inc. (TSXV:BES) on March 4, 2022. Stria Lithium Inc. signed a definitive agreement to acquire Romer Polymetallic Property from Braille Energy Systems Inc. for CAD 0.31 million on April 6, 2022. Consideration for the Property is cash in the amount of CAD 0.12 million, 7.5 million common shares of Stria issued at a deemed price of CAD 0.05 per share; and a net smelter royalty of 1%. Stria will have the option to purchase 50% of the NSR such that the NSR is reduced from 1.0% to 0.5%. The partial NSR buyout option may be exercised at any time by Stria for consideration of CAD 0.5 million payable in cash or stock or a combination thereof at Stria's discretion. The proposed acquisition of the Property remains subject to certain closing conditions, including a satisfactory title review by Stria, the execution of the property acquisition agreement, final approval of the TSXV and approval by shareholders of Braille. Braille received conditional approval of the proposed transaction from the TSX Venture Exchange. At the scheduled annual and special meeting of shareholders of May 19, 2022, Braille shareholders approved the transaction.
Stria Lithium Inc. (TSXV:SRA) completed the acquisition of Romer Polymetallic Property from Braille Energy Systems Inc. (TSXV:BES) for CAD 0.31 million on August 11, 2022. Reported Earnings • May 29
Second quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.004 loss in 2Q 2021) Second quarter 2022 results: CA$0.02 loss per share (down from CA$0.004 loss in 2Q 2021). Revenue: CA$1.08m (up 28% from 2Q 2021). Net loss: CA$1.63m (loss widened 489% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 08
Braille Energy Systems Inc. Enters into Product Certification Phase of Energy Storage System (ESS) Braille Energy Systems Inc. announced that its initial suite of energy storage system (ESS) products is moving from the development phase into the commercialization stage. A key element of market launch is product certification to UL9540 standard; this commercialization step will commence in the coming weeks with an RFQ issued to several NRTL (Nationally Recognized Testing Laboratory) accredited agencies for the certification project for BESI ESS products. Board Change • Apr 27
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. 2 non-independent directors. Independent Director Marc Roy 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 • Mar 06
Stria Lithium Inc. (TSXV:SRA) entered into a letter of intent to acquire Romer Polymetallic Property from Braille Energy Systems Inc. (TSXV:BES) for CAD 0.31 million. Stria Lithium Inc. (TSXV:SRA) entered into a letter of intent to acquire Romer Polymetallic Property from Braille Energy Systems Inc. (TSXV:BES) for CAD 0.31 million on March 4, 2022. Consideration for the Property is anticipated to be: (i) cash in the amount of CAD 0.12 million; (ii) 7.5 million common shares of Stria issued at a deemed price of CAD 0.05 per share; and (iii) a net smelter royalty of 1%. Stria will have the option to purchase 50% of the NSR such that the NSR is reduced from 1.0% to 0.5%. The Partial NSR Buyout Option may be exercised at any time by Stria for consideration of CAD 0.5 million payable in cash or stock or a combination thereof at Stria's discretion. The proposed acquisition of the Property remains subject to standard closing conditions, including a satisfactory title review by Stria, the execution of the property acquisition agreement and TSX Venture Exchange approval. Announcement • Feb 24
Braille Energy Systems Inc Announces Resignation of James J. Greenberger as Board Member Braille Energy Systems Inc. announced the resignation of board member James J. Greenberger. The resignation is effective as of February 17, 2022. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.012 loss per share (down from CA$0.01 loss in FY 2020). Revenue: CA$3.47m (up 18% from FY 2020). Net loss: CA$790.8k (loss widened 71% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Nov 12
Chief Financial Officer recently sold CA$62k worth of stock On the 8th of November, Judith Mazvihwa-MacLean sold around 201k shares on-market at roughly CA$0.31 per share. This was the largest sale by an insider in the last 3 months. This was Judith's only on-market trade for the last 12 months. Announcement • Jul 15
Braille Energy Systems Inc. announced that it has received CAD 2.016 million in funding from Grafoid Inc. On July 13, 2021, Braille Energy Systems Inc. closed the transaction. The company has issued 1,612,500 units for the gross proceeds of CAD 516,000. The company has raised CAD 2,016,000 in the transaction. The company has paid cash finder's fees totaling CAD 15,120 and issued 47,250 non-transferable finder's warrants. Reported Earnings • May 31
Second quarter 2021 earnings released: CA$0.004 loss per share (vs CA$0.003 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CA$840.3k (up 4.7% from 2Q 2020). Net loss: CA$276.7k (loss widened 100% from 2Q 2020). Announcement • May 29
Braille Energy Systems Inc. announced that it expects to receive CAD 2.5 million in funding Braille Energy Systems Inc. (TSXV:BES) announced a non-brokered private placement of up to 7,812,500 units of the company at a price of CAD 0.32 per unit for aggregate gross proceeds of up to CAD 2,500,000 on May 28, 2021. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder thereof to purchase one common share at a price of CAD 0.50 per warrant share for a period of 24 months from the date of issue. The transaction is expected to close in tranches, with the first tranche to close as soon as possible subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The units will be sold on a private placement basis to accredited investors pursuant to the "accredited investor" exemption or other available and agreed upon exemptions from prospectus requirements. The common shares, warrants, and warrant shares will be subject to a hold period of four months and one day from the date of issue. The company may pay finder's fees equal to 7% of the gross proceeds from a portion of the financing in cash, and 7% finders warrants equal to the number of Units issued as part of the transaction in accordance with the policies of the exchange. Each finder warrant entitles the finder to purchase one unit at the offering price for a period of 24 months from closing of the transaction. Executive Departure • May 27
Independent Director has left the company On the 21st of May, Pierre Cléroux's tenure as Independent Director ended after 2.0 years in the role. As of March 2021, Pierre personally held only 28.50k shares (CA$19k worth at the time). A total of 2 executives have left over the last 12 months. Announcement • Mar 18
Braille Energy Systems Inc., Annual General Meeting, May 21, 2021 Braille Energy Systems Inc., Annual General Meeting, May 21, 2021. Announcement • Mar 10
Braille Energy Systems Inc. Announces It Has Completed Its Cold Weather Testing Program on Its F31 FLEET-LITE Commercial Fleet Battery Braille Energy Systems Inc. announced that it has completed its Cold Weather Testing Program on its F31 FLEET-LITE Commercial Fleet Battery. As previously communicated in a Company press release dated August 2, 2018, the F31 Lithium Battery was designed as a replacement alternative to Group 31 Lead Acid and AGM batteries primarily for Commercial Trucking applications. The main attributes of the Braille Battery F31 lithium-ion replacement battery solution include: 1/3 the weight of a Traditional Group 31 Lead resulting which can result in an increase in payload and reduce work-related injuries; All in one solution can be used for starting applications or deep cycle power supply; Double the cranking amps of leading Group 31 AGM Batteries; Longer lasting than traditional Lead Acid and AGM Batteries.6000+ Life Cycle; Charges 5X faster than Lead Acid and AGM; Can be connected to Solar Charger; Maintenance free in comparison with lead-acid; and Manufactured in the USA. Length of time It takes for F31's internal temperature to drop to -4 (-20) from 104 (40) under -22 (-30) environment = 17 Hours. Length of time it takes about for F31's internal temperature to drop to -4 (-20) from 104 (40) under -40 (-40) environment = 11 Hours. The testing report was performed by Eurofins E&E North America, a leading global service for product safety approvals and regulatory certification of electrical products. Eurofins has facilities, accreditations, and 60 years of experience getting products approved and to market faster. Eurofins is qualified to NRTL certify products in over 200 UL Standard categories and can test up to an additional 230+ standards for the U.S. market. For Canada, Eurofins maintains a wide scope of SCC accreditations and also offers expert third-party testing to almost any product safety standard for the European Union or Asia Pacific. Reported Earnings • Mar 03
First quarter 2021 earnings released: CA$0.002 loss per share (vs CA$0.005 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$755.3k (up 13% from 1Q 2020). Net loss: CA$84.8k (loss narrowed 60% from 1Q 2020). Announcement • Mar 03
Braille Energy Systems Inc. Enters into a Supply Agreement with Unplugged Performance Inc Braille Energy Systems Inc. announce that it has entered into a supply agreement with Unplugged Performance Inc. to exclusively supply 12V Lithium Batteries as part of its performance upgrade program on Tesla vehicles. The marketing agreement was finalized on February 16, 2021. Additionally, Braille Battery announces that it will be a key sponsor with Unplugged Performance in the Pikes Peak International Hill Climb (PPIHC) scheduled to take place on June 27, 2021 in Pikes Peak, Colorado. Announcement • Feb 11
Braille Energy Systems Inc. Announces Lithiumion Battery Solution as Replacement for Lead Acid Batteries in Most Electric Vehicles Braille Energy Systems Inc. announced the availability of the G20 and G30 lithiumion battery product line as a replacement "plug and play" solution to current 12volt lead acid batteries being utilized in most electric vehicles (EVs). This announcement coincides with news reports that a major electric vehicle manufacturer has discussed plans to transition to lithiumion based accessory batteries in their current and future vehicles. BESI's G20 replacement lithium battery was designed as a replacement alternative to lead acid batteries for standard automotive applications as well as in total loss applications where an alternator is not available. The benefits of the Braille Battery lithiumion replacement battery solution include: Reduced power consumption from the main battery bank compared to the current 12volt lead acid solutions; Extended battery life compared to the current 12volt lead acid batteries [more than ~2,000 cycles (100% depth of discharge) in comparison to 12volt lead acid batteries at ~300 cycles (80% depth of discharge)]; Lower selfdischarge rate (5X less than lead acid batteries) and ability to recharge much more efficiently than current electric vehicle batteries; Ability to last 5 times longer than current lead acid products, with increased reliability and significant weight reduction; Improved engine management characteristics and data logging, due to improvements in voltage stability. Is New 90 Day High Low • Feb 04
New 90-day high: CA$0.26 The company is up 206% from its price of CA$0.085 on 05 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 35% over the same period. Reported Earnings • Feb 01
Full year 2020 earnings released: CA$0.01 loss per share (vs CA$0.057 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$2.93m (up 17% from FY 2019). Net loss: CA$463.7k (loss narrowed 83% from FY 2019). Announcement • Nov 10
Braille Energy Systems Inc. Announces Replacement Lithium Batteries Now Available At Advance Auto Parts Braille Energy Systems Inc. announced that the Company has been designated as a supplier of replacement lithium batteries to Advance Auto Parts thru Advances website. Advance customers will now be able to purchase Braille Battery ultra-lightweight, lithium-ion, high performance batteries thru Advances e-commerce store front and by special orders thru any of Advances Store Fronts. Announcement • Aug 26
Braille Energy Systems Inc. Announces Executive Changes Braille Energy Systems Inc. (BESI) announced that Gary Economo, Chief Executive Officer, has advised the Company that he will retire as the CEO effective August 31, 2020. Following his retirement, Mr. Economo will be available to provide ongoing input and support as required by BESI management. Mr. Lindsay Weatherdon, a Director and the current President of BESI, has been appointed CEO and will assume the roles of President and CEO effective September 1, 2020.