Announcement • Feb 04
Moovly Media Inc. Announces Resignation of Directors Moovly Media Inc. announced that Robert Meister and James Newall have resigned as directors of the Company effective immediately, to focus on their other commitments. Announcement • Jul 31
Moovly Media Inc. announced that it expects to receive CAD 0.4 million in funding Moovly Media Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 400,000 on July 30, 2024. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.05 per share for a period of 24 months from the date of issuance. All the securities issued under the private placement will be subject to a four-month resale restriction from the date of issuance. The completion of the private placement remains subject to approval of the TSX Venture Exchange. New Risk • Jun 04
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$1.4m 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$1.4m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$4.0m). Revenue is less than US$1m (CA$969k revenue, or US$708k). Market cap is less than US$10m (CA$4.88m market cap, or US$3.56m). Minor Risk Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Reported Earnings • Jun 04
Second quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 2Q 2023) Second quarter 2024 results: CA$0.001 loss per share (improved from CA$0.002 loss in 2Q 2023). Revenue: CA$220.0k (down 37% from 2Q 2023). Net loss: CA$266.0k (loss narrowed 33% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Jamie Newall was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 24
Full year 2023 earnings released: CA$0.009 loss per share (vs CA$0.013 loss in FY 2022) Full year 2023 results: CA$0.009 loss per share (improved from CA$0.013 loss in FY 2022). Revenue: CA$1.37m (down 2.5% from FY 2022). Net loss: CA$1.59m (loss narrowed 23% from FY 2022). 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 60% per year, which means it is significantly lagging earnings. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-CA$3.2m). Revenue is less than US$1m (CA$1.3m revenue, or US$987k). Market cap is less than US$10m (CA$6.83m market cap, or US$5.04m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (10% increase in shares outstanding). Announcement • Jan 26
Moovly Media Inc. announced that it has received CAD 0.750009 million in funding On January 25, 2024, Moovly Media Inc. closed the transaction. the company issued 16,666,866 units at an issue price of CAD 0.045 per unit for gross proceeds of CAD 750,009. Each Unit is comprised of one common share in the capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share at a price of CAD 0.08 per share for a period of 24 months from the date of issuance. The Company has issued an aggregate of 305,580 finders’ warrants to eligible parties. Each finders’ warrant entitles the holder to purchase one Common Share at a price of CAD 0.08 for a period of 24 months from the date of issuance. All of the securities issued under the Private Placement will be subject to a four-month resale restriction and may not be traded until May 26, 2024. Announcement • Oct 31
Moovly Media Inc., Annual General Meeting, Dec 29, 2023 Moovly Media Inc., Annual General Meeting, Dec 29, 2023. New Risk • Jul 02
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 18% 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$1.2m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$3.1m). Market cap is less than US$10m (CA$10.7m market cap, or US$8.08m). Minor Risks Shareholders have been diluted in the past year (10% increase in shares outstanding). Revenue is less than US$5m (CA$1.4m revenue, or US$1.0m). Reported Earnings • Jun 02
Second quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.004 loss in 2Q 2022) Second quarter 2023 results: CA$0.002 loss per share (improved from CA$0.004 loss in 2Q 2022). Revenue: CA$350.7k (down 2.1% from 2Q 2022). Net loss: CA$395.4k (loss narrowed 39% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Announcement • May 09
Moovly Media Inc., Annual General Meeting, Jun 29, 2023 Moovly Media Inc., Annual General Meeting, Jun 29, 2023. Reported Earnings • Mar 03
First quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.004 loss in 1Q 2022) First quarter 2023 results: CA$0.002 loss per share (improved from CA$0.004 loss in 1Q 2022). Revenue: CA$349.3k (down 5.5% from 1Q 2022). Net loss: CA$312.6k (loss narrowed 49% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings. Announcement • Feb 08
Moovly Media Inc. Integrates ChatGPT Functionality Enabling AI -Based Video Content Creation Moovly Media Inc. announce a major breakthrough in video creation technology, integrating the Moovly platform with OpenAI GPT-3 to bring customers next generation AI (Artificial Intelligence) capabilities. As ChatGPT uses natural language processing and GPT-3 technology to generate texts from user input, it can also create scripts for video content within Moovly. The initial integration within Moovly applies these capabilities for video script generation, enabling smart, AI-based automated video content creation, representing the first step to building an end-to-end automatic video generation solution. In combination with Moovly's existing AI-based integrated solutions from Amazon, Google and Microsoft, it will become possible for users of all skill levels to create affordable professional quality content "from idea to final video" in a matter of minutes, an industry first. Some unique features include: Auto-selection of script-based illustrating images, keywords, and video clips from a library of over 100 million digital assets; Automated voice-over generation of the GPT-generated script; Automatically preselect suitable background music; and Auto-population of specifically designed templates to produce videos fully automatically. Reported Earnings • Jan 31
Full year 2022 earnings released: CA$0.013 loss per share (vs CA$0.023 loss in FY 2021) Full year 2022 results: CA$0.013 loss per share (improved from CA$0.023 loss in FY 2021). Revenue: CA$1.40m (down 13% from FY 2021). Net loss: CA$2.06m (loss narrowed 39% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Rob Meister was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 14
Moovly Media Inc. announced that it has received CAD 0.675 million in funding Moovly Media Inc. announced a non-brokered private placement of 9,000,000 units at a price of CAD 0.075 per unit, for aggregate gross proceeds of CAD 675,000 on October 13, 2022. Each Unit is comprised of one common share in the capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share at a price of CAD 0.15 per share for a period of 24 months from the date of issuance. The company has paid cash finders’ fees totaling CAD 13,125, and has issued an aggregate of 175,000 finders’ warrants to eligible parties. Each finders’ warrant entitles the holder to purchase one Common Share at a price of CAD 0.15 for a period of 24 months from the date of issuance. All of the securities issued will be subject to a four month resale restriction and may not be traded until February 14, 2023. The completion of the Private Placement remains subject to final approval of the TSX Venture Exchange. Announcement • Oct 13
Moovly Announces E-Commerce Video Maker Product Moovly Media Inc. announced the launch of a new product called the "E-Commerce Video Maker", focused on online commerce platforms. Based on the Moovly Automator and templating technology, the Moovly E-Commerce Video Maker, when integrated with e-commerce platforms, allows store owners to produce product or advertising videos with a simple click, as follows: Selecting a Template; Selecting the product to promote; Selecting the destination of the video; Clicking "Make Video". Via the integration, the Moovly platform fetches all the digital assets, from the partner e-commerce platform and uses those assets and details to automatically produce the video. The resulting video can then be used on the e-commerceplatform itself as well as on social media and third party advertising networks. E-commerce Platforms where this product is applicable include: E-commerce platforms and marketplaces, Online auction sites, Classified advert platforms, Crowdfunding platforms, Corporate e-commerce platforms. Reported Earnings • Aug 30
Third quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.006 loss in 3Q 2021) Third quarter 2022 results: CA$0.002 loss per share (up from CA$0.006 loss in 3Q 2021). Revenue: CA$346.0k (up 16% from 3Q 2021). Net loss: CA$385.7k (loss narrowed 58% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Jun 01
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: CA$0.004 loss per share (up from CA$0.009 loss in 2Q 2021). Revenue: CA$358.1k (down 21% from 2Q 2021). Net loss: CA$646.3k (loss narrowed 51% from 2Q 2021). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Rob Meister was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: CA$0.004 loss per share (down from CA$0.002 loss in 1Q 2021). Revenue: CA$369.5k (down 9.5% from 1Q 2021). Net loss: CA$614.8k (loss widened 122% from 1Q 2021). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 140%, compared to a 27% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Announcement • Feb 18
Moovly Media Inc. Expands Languages Offering to Support Partner Growth Moovly Media Inc. announced that it has expanded the number of languages in which its video creation platform is available, adding German, Italian and Portuguese. Moovly partner Contenthouse has expanded their sales operations beyond Switzerland. To assist with their growth, Moovly has added German, Italian and Portuguese to the languages in which users can use the Moovly platform, that is the Moovly Dashboard, the Studio Editor etc. Reported Earnings • Feb 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: CA$0.023 loss per share (down from CA$0.013 loss in FY 2020). Revenue: CA$1.61m (up 9.2% from FY 2020). Net loss: CA$3.35m (loss widened 96% from FY 2020). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 87%, compared to a 39% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Breakeven Date Change • Nov 25
No longer forecast to breakeven The analyst covering Moovly Media no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of CA$4.53m in 2022. New forecast suggests the company will make a loss of CA$710.0k in 2022. Reported Earnings • Sep 01
Third quarter 2021 earnings released: CA$0.006 loss per share (vs CA$0.002 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CA$299.5k (down 20% from 3Q 2020). Net loss: CA$923.8k (loss widened 273% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year. Breakeven Date Change • Jun 02
Forecast to breakeven in 2022 The analyst covering Moovly Media expects the company to break even for the first time. New forecast suggests the company will make a profit of CA$4.53m in 2022. Average annual earnings growth of 189% is required to achieve expected profit on schedule. Reported Earnings • Jun 02
Second quarter 2021 earnings released: CA$0.009 loss per share (vs CA$0.003 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CA$451.0k (down 10.0% from 2Q 2020). Net loss: CA$1.32m (loss widened 240% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • May 06
Moovly Media Inc. Makes Platform Multilingual Moovly Media Inc. announced that it has upgraded its platform to support multiple languages. Users now have the option to select a language of choice when using the editor and platform tools. Moovly is focused on providing the tools necessary to accelerate global content creation. Moovly has now made its own interface available in multiple languages along with its other features like automated AI translation, Text to Speak and subtitling. The Moovly platform will be available in English, French, Dutch and Spanish and it is Moovly's plan to add other language capabilities shortly. Announcement • Mar 25
Moovly Media Inc. announced that it has received CAD 3.8 million in funding On March 24, 2021, Moovly Media Inc. (TSXV:MVY) closed the transaction. The company paid cash finders' fees totaling CAD 101,995, and has issued an aggregate of 226,656 finders' warrants to eligible parties. Each finders' warrant entitles the holder to purchase one common share at a price of CAD 0.62 for a period of 24 months from the date of issuance. The hold period will be until July 25, 2021. The transaction remains subject to the final approval of the TSX Venture Exchange. Announcement • Mar 05
Moovly Media Inc. Integrates with Wistia Moovly Media Inc. announced that it has successfully integrated with Wistia. Users of Moovly will be able to connect their Wistia accounts to Moovly and seamlessly publish videos made in Moovly to Wistia, saving time and growing their audience. Using Wistia, users can also easily review the metrics associated with their video's increased reach. Reported Earnings • Mar 03
First quarter 2021 earnings released: CA$0.002 loss per share (vs CA$0.003 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$408.3k (up 97% from 1Q 2020). Net loss: CA$276.8k (loss narrowed 26% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 40% 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 • Feb 18
Moovly Media Inc. Signs Reseller Partnership Agreement with VidiBuzz to Accelerate Its Sales in the Us Moovly Media Inc. announced that it has signed a reseller partnership agreement with VidiBuzz to accelerate its sales in the US. This partnership offers clients more than a local contact and sales representative. Through this relationship, clients get not only access to Moovly's world-class video editor and Automator products, they also get VidiBuzz's expertise in developing the necessary pre and post production strategies that ensure that content is on point and delivered effectively. Clients can now get VidiBuzz's project experience and creative ingenuity to automate the content production process. Much as websites were mandatory 20 years ago, video has now become an essential element for every business. Announcement • Feb 04
Moovly Media Inc. Expands its AI-Enabled Text-to-Speech Feature now available in 100+ languages Moovly Media Inc. announced that due to demand from an increasingly international client base, the Moovly AI-enabled text-to-speech feature is available in over a hundred languages. Moovly has also added a large number of
new voices to its text-to-speak feature, via automatic AI driven translations. As an online video creation platform enabling users of all experience levels to easily create professional-looking videos, Moovly is currently used by over 3.6 million users in hundreds of countries. This significant development was driven in large part by the increasing demand from multinational Moovly clients for localized content and tools in multiple languages. The result is an invaluable asset now available to all Moovly clients. Multinational and localization features available on Moovly: Speech to Text, text to Speech (Hundreds of voice language combinations), automatic subtitle generation, automatic AI driven Translations. Reported Earnings • Jan 31
Full year 2020 earnings released: CA$0.013 loss per share (vs CA$0.014 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$1.47m (up 21% from FY 2019). Net loss: CA$1.71m (loss narrowed 5.2% from FY 2019). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 28
Moovly Media Inc.(TSXV:MVY) dropped from S&P/TSX Venture Composite Index Moovly Media Inc.(TSXV:MVY) dropped from S&P/TSX Venture Composite Index Is New 90 Day High Low • Jan 28
New 90-day high: CA$0.23 The company is up 229% from its price of CA$0.07 on 20 October 2020. The Canadian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 101% over the same period. Announcement • Jan 24
Moovly Media Inc. announced that it expects to receive CAD 1.5 million in funding Moovly Media Inc. (TSXV:MVY) announced a non-brokered private placement of 15,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,500,000 on January 22, 2021. Each unit will be comprised of one common share and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of CAD 0.15 per share for a period of 24 months from the date of issuance. The company may pay finders fees in up to 7% cash and 7% finder's warrants. Each finder's warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.15 per share for a period of 12 months from the date of issuance. All securities to be issued in the transaction will be subject to a four month hold period. The transaction is subject to the approval of the TSX Venture Exchange and the satisfaction of other customary closing conditions. Announcement • Dec 02
Moovly Media Inc. announced that it has received CAD 0.32 million in funding Moovly Media Inc. (TSXV:MVY) announced a non-brokered private placement of 4,266,666 units at a price of CAD 0.075 per unit for gross proceeds of CAD 320,000 on December 1, 2020. Each Unit is comprised of one common share and one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share at a price of CAD 0.125 per share for a period of three years from the date of issuance. All of the securities issued under the transaction will be subject to a four month resale restriction and may not be traded until March 31, 2020. The completion of the transaction remains subject to final approval of the TSX Venture Exchange. Announcement • Nov 20
Moovly Media Announces Integration of Amazon Transcribe and Google Translation's Ai Systems into Popular Video Creation Platform Moovly Media Inc. announced added functionality to Moovly's popular video creation platform through access to leading AI driven transcription and translation systems. Through the integration of Amazon Transcribe and the Google Neural Machine Translation (GNMT) engine, Moovly is able to extend automated audio transcription and text translation tools through their cloud-based video creation platform. Moovly's over 3 million international users create videos to engage audiences in many languages and countries. Keywords and subtitles can enhance the intelligibility of video content for their viewers. In most video creation tools on the market now, translating text and adding subtitles content are time- intensive, manual tasks. Moovly's new audio transcription feature lets users automatically convert spoken soundtracks to subtitles. With this new feature, Moovly can not only automatically create subtitles but also translate them and other video content into any language. Announcement • Nov 13
Contenthouse Gmbh Selects Moovly Media Inc. and Sign A Reseller Partner Agreement Moovly Media Inc. announce that it has been selected by and signed a reseller partner agreement with Contenthouse GmbH (“Contenthouse”), a leader in the Swiss media content creation market. As part of the deal, Contenthouse will market, sell and support Moovly’s products in German to the DACH market (primarily Germany, Austria and Switzerland). Contenthouse will invest in developing German language online sales and marketing materials as well as a dedicated sales team to position Moovly’s products in those countries.