Announcement • May 02
VerticalScope Holdings Inc. to Report Q1, 2026 Results on May 12, 2026 VerticalScope Holdings Inc. announced that they will report Q1, 2026 results After-Market on May 12, 2026 Announcement • Mar 24
VerticalScope Holdings Inc., Annual General Meeting, Jun 03, 2026 VerticalScope Holdings Inc., Annual General Meeting, Jun 03, 2026. Announcement • Mar 04
VerticalScope Holdings Inc. Announces Board Changes, Effective March 3, 2026 VerticalScope Holdings Inc. announced that effective March 3, 2026, Neil Oliver has been appointed to the Board of Directors, replacing Phil Evershed as the Board nominee of Nordstar Capital LP. Mr. Oliver, the Executive Vice Chair of Torstar Corporation, is a seasoned leader with 37 years of experience in media operations and corporate governance. Announcement • Feb 19
VerticalScope Holdings Inc. to Report Q4, 2025 Results on Mar 03, 2026 VerticalScope Holdings Inc. announced that they will report Q4, 2025 results After-Market on Mar 03, 2026 Announcement • Oct 22
VerticalScope Holdings Inc. to Report Q3, 2025 Results on Nov 05, 2025 VerticalScope Holdings Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Jul 30
VerticalScope Holdings Inc. to Report Q2, 2025 Results on Aug 12, 2025 VerticalScope Holdings Inc. announced that they will report Q2, 2025 results on Aug 12, 2025 Announcement • Apr 24
VerticalScope Holdings Inc. to Report Q1, 2025 Results on May 13, 2025 VerticalScope Holdings Inc. announced that they will report Q1, 2025 results After-Market on May 13, 2025 Announcement • Apr 10
VerticalScope Holdings Inc. announced that it expects to receive CAD 1 million in funding VerticalScope Holdings Inc. announced that a trust established for the benefit of Founder, Chair and CEO, Rob Laidlaw or his family,
acquired ownership of an additional 205,649 subordinate voting shares of the Company for aggregate gross proceeds of CAD 1,000,000 on April 9, 2025. Announcement • Apr 08
VerticalScope Holdings Inc., Annual General Meeting, Jun 18, 2025 VerticalScope Holdings Inc., Annual General Meeting, Jun 18, 2025. Announcement • Mar 13
VerticalScope Holdings Inc. (TSX:FORA) entered into an agreement to acquire Assets of Enthused Digital, LLC. VerticalScope Holdings Inc. (TSX:FORA) entered into an agreement to acquire Assets of Enthused Digital, LLC in March 2025. The acquisition is contingent upon certain closing conditions, at which point the company will determine the purchase price and the accounting of the acquisition. Announcement • Feb 10
VerticalScope Holdings Inc. to Report Q4, 2024 Results on Mar 12, 2025 VerticalScope Holdings Inc. announced that they will report Q4, 2024 results After-Market on Mar 12, 2025 Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: US$0.06 (vs US$0.024 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.06 (up from US$0.024 loss in 3Q 2023). Revenue: US$17.8m (up 15% from 3Q 2023). Net income: US$1.21m (up US$1.72m from 3Q 2023). Profit margin: 6.8% (up from net loss in 3Q 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe. Recent Insider Transactions • Oct 23
Founder recently bought €52k worth of stock On the 21st of October, Robert Laidlaw bought around 10k shares on-market at roughly €5.15 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Robert has been a net seller over the last 12 months, reducing personal holdings by €946k. Announcement • Oct 17
VerticalScope Holdings Inc. to Report Q3, 2024 Results on Nov 12, 2024 VerticalScope Holdings Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Recent Insider Transactions • Sep 27
Founder recently sold €183k worth of stock On the 23rd of September, Robert Laidlaw sold around 30k shares on-market at roughly €6.19 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €672k. Robert has been a net seller over the last 12 months, reducing personal holdings by €822k. Recent Insider Transactions • Sep 02
President & COO recently sold €54k worth of stock On the 30th of August, Christopher Goodridge sold around 9k shares on-market at roughly €6.04 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €672k. Christopher has been a net seller over the last 12 months, reducing personal holdings by €47k. Recent Insider Transactions • Aug 26
Founder recently sold €672k worth of stock On the 22nd of August, Robert Laidlaw sold around 112k shares on-market at roughly €6.02 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by €639k. New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results. New Risk • Aug 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Breakeven Date Change • Jul 26
Forecast breakeven date pushed back to 2025 The 9 analysts covering VerticalScope Holdings previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 77% to 2024. The company is expected to make a profit of US$3.45m in 2025. Average annual earnings growth of 96% is required to achieve expected profit on schedule. Announcement • Jul 24
VerticalScope Holdings Inc. to Report Q2, 2024 Results on Aug 07, 2024 VerticalScope Holdings Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Breakeven Date Change • May 13
Forecast to breakeven in 2024 The 8 analysts covering VerticalScope Holdings expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$823.3k in 2024. Earnings growth of 92% is required to achieve expected profit on schedule. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.05 loss per share (vs US$0.21 loss in 1Q 2023) First quarter 2024 results: US$0.05 loss per share (improved from US$0.21 loss in 1Q 2023). Revenue: US$14.7m (up 14% from 1Q 2023). Net loss: US$984.6k (loss narrowed 78% from 1Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. Breakeven Date Change • May 08
No longer forecast to breakeven The 8 analysts covering VerticalScope Holdings no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$3.18m in 2025. New consensus forecast suggests the company will make a loss of US$5.48m in 2026. Breakeven Date Change • May 02
Forecast breakeven date pushed back to 2026 The 8 analysts covering VerticalScope Holdings previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 66% per year to 2025. The company is expected to make a profit of US$5.48m in 2026. Average annual earnings growth of 86% is required to achieve expected profit on schedule. Announcement • Apr 13
VerticalScope Holdings Inc. to Report Q1, 2024 Results on May 07, 2024 VerticalScope Holdings Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 New Risk • Mar 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Reported Earnings • Mar 14
Full year 2023 earnings released: US$0.23 loss per share (vs US$1.16 loss in FY 2022) Full year 2023 results: US$0.23 loss per share (improved from US$1.16 loss in FY 2022). Revenue: US$60.9m (down 24% from FY 2022). Net loss: US$4.95m (loss narrowed 80% from FY 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. Announcement • Feb 23
VerticalScope Holdings Inc. to Report Q4, 2023 Results on Mar 13, 2024 VerticalScope Holdings Inc. announced that they will report Q4, 2023 results After-Market on Mar 13, 2024 New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$3.7m net loss next year). Market cap is less than US$100m (€79.0m market cap, or US$84.4m). Reported Earnings • Nov 11
Third quarter 2023 earnings released: US$0.02 loss per share (vs US$0.28 loss in 3Q 2022) Third quarter 2023 results: US$0.02 loss per share (improved from US$0.28 loss in 3Q 2022). Revenue: US$15.5m (down 21% from 3Q 2022). Net loss: US$515.5k (loss narrowed 92% from 3Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe. Announcement • Oct 20
VerticalScope Holdings Inc. to Report Q3, 2023 Results on Nov 08, 2023 VerticalScope Holdings Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Breakeven Date Change • Aug 13
Forecast to breakeven in 2025 The 7 analysts covering VerticalScope Holdings expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 36% per year to 2024. The company is expected to make a profit of US$3.63m in 2025. Average annual earnings growth of 61% is required to achieve expected profit on schedule. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 13% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$16m net loss next year). Market cap is less than US$100m (€74.8m market cap, or US$82.1m). Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.10 loss per share (vs US$0.33 loss in 2Q 2022) Second quarter 2023 results: US$0.10 loss per share (improved from US$0.33 loss in 2Q 2022). Revenue: US$14.7m (down 33% from 2Q 2022). Net loss: US$2.01m (loss narrowed 71% from 2Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in Germany. Announcement • Jul 14
VerticalScope Holdings Inc. to Report Q2, 2023 Results on Aug 08, 2023 VerticalScope Holdings Inc. announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 Reported Earnings • May 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$12.9m (down 36% from 1Q 2022). Net loss: US$4.50m (loss narrowed 62% from 1Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Interactive Media and Services industry in Europe. Recent Insider Transactions • Mar 17
Founder recently sold €110k worth of stock On the 14th of March, Robert Laidlaw sold around 23k shares on-market at roughly €4.84 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Robert has been a net buyer over the last 12 months, purchasing a net total of €351k worth of shares. Reported Earnings • Mar 09
Full year 2022 earnings released: US$1.16 loss per share (vs US$0.59 loss in FY 2021) Full year 2022 results: US$1.16 loss per share (further deteriorated from US$0.59 loss in FY 2021). Revenue: US$80.5m (up 22% from FY 2021). Net loss: US$24.8m (loss widened 102% from FY 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Interactive Media and Services industry in Europe. Board Change • Mar 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founder, CEO & Chair of the Board Rob Laidlaw is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Feb 10
VerticalScope Holdings Inc. Announces Board Changes VerticalScope Holdings Inc. announced a number of changes to its board of directors. Pursuant to an arbitration award (the “Arbitration Award”) involving NordStar Capital LP (“NordStar”), Paul Rivett, the former Chair of the Board and nominee of NordStar, has resigned from the Board. Marina Glogovac, a former employee in the NordStar group, has also resigned from the Board. Philip Evershed has been appointed to the Board to replace Mr. Rivett as NordStar’s nominee, in accordance with its rights under the investor rights agreement (the “IRA”) entered into with the Company in connection with its initial public offering. Rob Laidlaw, the founder and CEO of VerticalScope, has been appointed as Chair of the Board and Wayne Bigby has been appointed as Lead Independent Director. Mr. Evershed is a Managing Partner at PointNorth Capital, an advisory and investment management company focused on non-bank credit opportunities. Mr. Evershed was formerly the Co-Head of Investment Banking and Head of Mergers and Acquisitions at CIBC World Markets and a co-founder and Global Head of Investment Banking at Canaccord Genuity. Mr. Evershed received an M.A. (Economics) from the University of Toronto in 1985 and an Honours B.A. (School of Business and Economics) from Wilfrid Laurier University in 1983. Announcement • Feb 02
VerticalScope Holdings Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2022 VerticalScope Holdings Inc. provided revenue guidance for the fourth quarter and full year of 2022. Fourth quarter 2022 revenue is expected to be $19.1 million, a decrease of 10.9%, and resulting in expected 2022 revenue of $80.5 million, an increase of 22.4%. Announcement • Jan 31
VerticalScope Holdings Inc. to Report Q4, 2022 Results on Mar 07, 2023 VerticalScope Holdings Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 07, 2023 Board Change • Jan 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founder, CEO & Director Rob Laidlaw is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.