Announcement • Apr 25
Surface Transforms plc Announces Board Changes, Effective April 22, 2026 Surface Transforms Plc announced that following the appointment of Joint Administrators, Ian Cleminson, Julia Woodhouse, Mathew Taylor and Paul Marr have resigned as directors of the Company with immediate effect. New Risk • Mar 03
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 British stocks, typically moving 29% 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 (-UK£7.7m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 48% per year over the past 5 years. Market cap is less than US$10m (UK£1.24m market cap, or US$1.65m). Announcement • Jan 19
Surface Transforms Plc Provides Earnings Guidance for the Fiscal Year of 2026 Surface Transforms Plc provided earnings guidance for the fiscal year of 2026. For the period, it expects to deliver revenue of approximately £27.0 million. Reported Earnings • Sep 26
First half 2025 earnings released: UK£0.004 loss per share (vs UK£0.013 loss in 1H 2024) First half 2025 results: UK£0.004 loss per share (improved from UK£0.013 loss in 1H 2024). Revenue: UK£8.12m (up 75% from 1H 2024). Net loss: UK£5.10m (loss narrowed 28% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 11
Full year 2024 earnings released: UK£0.023 loss per share (vs UK£0.079 loss in FY 2023) Full year 2024 results: UK£0.023 loss per share. Revenue: UK£8.24m (up 13% from FY 2023). Net loss: UK£22.3m (loss widened 14% from FY 2023). Announcement • Jun 10
Surface Transforms Plc, Annual General Meeting, Jul 22, 2025 Surface Transforms Plc, Annual General Meeting, Jul 22, 2025. Location: 98 king street, m2 4wu, manchester United Kingdom New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 (11% average weekly change). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (270% increase in shares outstanding). Market cap is less than US$10m (UK£3.19m market cap, or US$4.24m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Mar 12
New major risk - Revenue and earnings growth Earnings have declined by 51% 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 Less than 1 year of cash runway based on free cash flow trend (-UK£20m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (270% increase in shares outstanding). Market cap is less than US$10m (UK£4.23m market cap, or US$5.49m). Announcement • Mar 06
Surface Transforms Plc Announces CFO Changes Surface Transforms Plc announced that Isabelle Maddock, CFO has informed the Board of her intention to retire effective 30 June 2025. To facilitate a successful handover and continuity, the Board announced the appointment of Steven Harrison as Interim Chief Financial Officer (non-PLC board), effective 17 March 2025. Steven is a seasoned finance professional with over 20 years in CFO roles based in the UK and Internationally and has a broad range of business experience including IPOs, M&A, public and private companies as well as situations with challenging business environments. Steven joins Surface Transforms from Aurorium, a PE backed global manufacturer of speciality chemicals where he was interim European CFO, prior to which he was CFO at Saietta Group plc. Board Change • Nov 13
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. Senior Independent Director Matthew Gordon Taylor 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 • Nov 07
Surface Transforms plc Announces Board Changes Surface Transforms Plc announced that Andrew Kitchingman, non-executive chairman, has resigned with immediate effect. Ian Cleminson will become chairman on an interim basis until a successor has been appointed. Reported Earnings • Oct 03
First half 2024 earnings released: UK£0.013 loss per share (vs UK£0.021 loss in 1H 2023) First half 2024 results: UK£0.013 loss per share. Revenue: UK£4.65m (up 58% from 1H 2023). Net loss: UK£7.05m (loss widened 41% from 1H 2023). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Auto Components industry in the United Kingdom. New Risk • Sep 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£4.69m (US$6.27m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Shareholders have been substantially diluted in the past year (439% increase in shares outstanding). Market cap is less than US$10m (UK£4.69m market cap, or US$6.27m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (UK£2.8m net loss in 2 years). Announcement • Sep 16
Surface Transforms plc Announces Board Changes Surface Transforms Plc announced appointment of Andrew Kitchingman as non-executive chair, with immediate effect. Andrew is an experienced public company director, including being non-executive chair of Mpac Group plc since 2016, and also a non-executive director of Andrew Sykes Group plc and London Security Group plc. Prior to Andrew's non-executive career, he spent many successful years in corporate finance, working for both consultancy firms and stockbrokers, including KPMG, Hill Samuel, Albert E Sharp, Brewin Dolphin and WH Ireland, across a wide range of business sectors, both public and private. Andrew is also a Fellow of the Institute of Chartered Accountants in England and Wales. David Bundred will step down as chair and retire from the Board with immediate effect. Major Estimate Revision • Jul 21
Consensus EPS estimates fall by 24% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -UK£0.0088 to -UK£0.0109 per share. Revenue forecast of UK£17.5m unchanged since last update. Auto Components industry in the United Kingdom expected to see average net income growth of 11% next year. Consensus price target of UK£0.49 unchanged from last update. Share price rose 53% to UK£0.02 over the past week. Reported Earnings • Jun 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: UK£0.079 loss per share (further deteriorated from UK£0.023 loss in FY 2022). Revenue: UK£7.31m (up 43% from FY 2022). Net loss: UK£19.6m (loss widened 309% from FY 2022). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 112%. Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Auto Components industry in the United Kingdom. Announcement • Jun 29
Surface Transforms Plc, Annual General Meeting, Jul 23, 2024 Surface Transforms Plc, Annual General Meeting, Jul 23, 2024. Location: 1 paternoster square, ec4m 7dx, london United Kingdom Announcement • May 25
Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £9.5 million. Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £9.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 650,000,000
Price\Range: £0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000,000
Price\Range: £0.01
Transaction Features: Rights Offering; Subsequent Direct Listing Breakeven Date Change • May 10
No longer forecast to breakeven The 3 analysts covering Surface Transforms no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of UK£11.0m in 2025. New consensus forecast suggests the company will make a loss of UK£1.21m in 2025. Price Target Changed • May 05
Price target decreased by 35% to UK£0.52 Down from UK£0.80, the current price target is an average from 2 analysts. New target price is 4,334% above last closing price of UK£0.012. Stock is down 97% over the past year. The company is forecast to post a net loss per share of UK£0.037 next year compared to a net loss per share of UK£0.023 last year. New Risk • May 03
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: UK£7.4m Forecast net loss in 2 years: UK£1.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Market cap is less than US$10m (UK£4.14m market cap, or US$5.19m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (UK£1.7m net loss in 2 years). Shareholders have been diluted in the past year (46% increase in shares outstanding). Announcement • May 03
Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £8.5 million. Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £8.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 650,000,000
Price\Range: £0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: £0.01
Transaction Features: Rights Offering; Subsequent Direct Listing Price Target Changed • Apr 17
Price target increased by 14% to UK£0.80 Up from UK£0.70, the current price target is provided by 1 analyst. New target price is 2,219% above last closing price of UK£0.035. Stock is down 90% over the past year. The company is forecast to post a net loss per share of UK£0.035 next year compared to a net loss per share of UK£0.023 last year. New Risk • Apr 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 Risk Share price has been highly volatile over the past 3 months (15% average weekly change). 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 (46% increase in shares outstanding). Market cap is less than US$100m (UK£13.7m market cap, or US$17.1m). Announcement • Apr 17
Surface Transforms plc Provides Sales Guidance for the Fiscal Year 2024 Surface Transforms Plc provided sales guidance for the fiscal year 2024. For the year, the company Sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to Fiscal Year 2023 sales of £8.3m, resulting in a projected Fiscal Year 2024 range of £17.5 million to £22 million sales. Major Estimate Revision • Jan 09
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from UK£8.60m to UK£8.30m. Losses expected to increase from UK£0.034 per share to UK£0.039. Auto Components industry in the United Kingdom expected to see average net income growth of 20% next year. Consensus price target up from UK£0.70 to UK£0.74. Share price fell 8.7% to UK£0.10 over the past week. Announcement • Jan 08
Surface Transforms plc Provides Revenue Guidance for 2024 Surface Transforms Plc provided revenue guidance for 2024. The Company is maintaining its revenue guidance at £23 million. Announcement • Dec 13
Surface Transforms Plc announced that it expects to receive £13.2 million in funding Surface Transforms Plc announced that it has signed a £13,200,000 loan agreement with the Liverpool City Region Urban Development Fundwhich is part funded by the European Regional Development Fund on December 11, 2023. The loan facility is available for drawdown over an initial two-year period and will be progressively deployed exclusively for capital expenditure purposes. Quarterly capital repayments will commence in the first quarter following the completion of the availability period. Completion of this loan agreement was a condition precedent to the second phase of the recent equity placing. This condition has now been satisfied. The passing of the necessary resolutions is expected at the forthcoming General Meeting on December 18, 2023. New Risk • Nov 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.9% 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 Risks Currently unprofitable and not forecast to become profitable next year (UK£4.4m net loss next year). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Market cap is less than US$100m (UK£30.1m market cap, or US$37.7m). Announcement • Nov 15
Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £10 million. Surface Transforms Plc has filed a Follow-on Equity Offering in the amount of £10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: £0.1
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: £0.1
Transaction Features: Regulation S; Rights Offering; Subsequent Direct Listing New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings have declined by 25% 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 Less than 1 year of cash runway based on free cash flow trend (-UK£19m free cash flow). Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (UK£35.1m market cap, or US$43.1m). Announcement • Nov 04
Surface Transforms plc Provides Sales Guidance for the Year to December 2023 Surface Transforms Plc provided sales guidance for the year to December 2023. The company is now planning its cash needs and customer commitments based on a shallower ramp and now expects to reach the required rate of production in first quarter 2024, later than previously forecast. As a result, the company is reducing its sales guidance for the year to December 2023 to £8.6 million. New Risk • Nov 03
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: -UK£19m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-UK£19m free cash flow). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (UK£38.7m market cap, or US$47.9m). Price Target Changed • Oct 18
Price target increased by 9.1% to UK£1.20 Up from UK£1.10, the current price target is an average from 2 analysts. New target price is 390% above last closing price of UK£0.24. Stock is down 40% over the past year. The company is forecast to post a net loss per share of UK£0.019 next year compared to a net loss per share of UK£0.023 last year. Major Estimate Revision • Oct 04
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from UK£16.1m to UK£13.0m. Forecast losses increased from -UK£0.006 to -UK£0.019 per share. Auto Components industry in the United Kingdom expected to see average net income growth of 19% next year. Consensus price target down from UK£1.25 to UK£1.10. Share price fell 13% to UK£0.26 over the past week. Reported Earnings • Sep 28
First half 2023 earnings: EPS and revenues miss analyst expectations First half 2023 results: UK£0.02 loss per share (further deteriorated from UK£0.011 loss in 1H 2022). Revenue: UK£3.28m (up 15% from 1H 2022). Net loss: UK£4.84m (loss widened 123% from 1H 2022). Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 187%. Revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 01
Consensus EPS estimates fall from profit to UK£0.006 loss The consensus outlook for fiscal year 2023 has been updated. Forecast loss of -UK£0.006 per share in 2023, versus previous forecasts of UK£0.00 per share. Revenue forecast unchanged from UK£16.1m at last update. Auto Components industry in the United Kingdom expected to see average net income growth of 18% next year. Consensus price target of UK£1.25 unchanged from last update. Share price rose 8.3% to UK£0.39 over the past week. Announcement • Aug 01
Surface Transforms Plc to Report First Half, 2023 Results on Sep 27, 2023 Surface Transforms Plc announced that they will report first half, 2023 results on Sep 27, 2023 Breakeven Date Change • Jun 27
Forecast breakeven date pushed back to 2024 The 3 analysts covering Surface Transforms previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of UK£5.35m in 2024. Average annual earnings growth of 99% is required to achieve expected profit on schedule. New Risk • Jun 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£77.3m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Significant insider selling over the past 3 months (UK£363k sold). Market cap is less than US$100m (UK£77.3m market cap, or US$98.6m). Announcement • May 31
Surface Transforms Appoints Stephen Easton as the New (Non-Board) Chief Operating Officer, Effective 4 September 2023 Surface Transforms announced the appointment of Stephen Easton as the new (non-board) Chief Operating Officer, effective 4 September 2023. Stephen joins the Company from SGL Carbon where he is currently UK Managing Director. During his 16-year tenure at SGL Carbon, a graphite and fibre manufacturing company, he has held various leadership positions both in the UK and US, specialising in carbon and oxidised fibre. Prior to this, he worked in a number of different operational roles for Brand-Rex, a cable manufacturing company. He holds an honours degree in Manufacturing Engineering & Management from the University of Dundee. Reported Earnings • Apr 19
Full year 2022 earnings released: UK£0.023 loss per share (vs UK£0.021 loss in FY 2021) Full year 2022 results: UK£0.023 loss per share (further deteriorated from UK£0.021 loss in FY 2021). Revenue: UK£5.12m (up 116% from FY 2021). Net loss: UK£4.78m (loss widened 21% from FY 2021). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Price Target Changed • Apr 04
Price target decreased by 7.4% to UK£1.25 Down from UK£1.35, the current price target is an average from 2 analysts. New target price is 310% above last closing price of UK£0.30. Stock is down 46% over the past year. The company is forecast to post a net loss per share of UK£0.019 next year compared to a net loss per share of UK£0.021 last year. Major Estimate Revision • Dec 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -UK£0.01 to -UK£0.01 per share. Revenue forecast unchanged at UK£6.43m. Auto Components industry in the United Kingdom expected to see average net income growth of 39% next year. Consensus price target of UK£1.35 unchanged from last update. Share price was steady at UK£0.39 over the past week. Breakeven Date Change • Nov 25
Forecast breakeven date pushed back to 2023 The 3 analysts covering Surface Transforms previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 53% to 2022. The company is expected to make a profit of UK£2.90m in 2023. Average annual earnings growth of 80% is required to achieve expected profit on schedule. Announcement • Nov 24
Surface Transforms plc Revises Sales Guidance for the Financial Year 2022 Surface Transforms Plc revised sales guidance for the financial year 2022. For the year, the company now expects sales will be lower than previously forecast at approximately £6.5 million. This has primarily been caused by technical issues at OEM 8 unrelated to discs, which delayed the production ramp following the customer's SOP and was more prolonged than the Company originally anticipated. Announcement • Oct 20
Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £1.985496 million. Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £1.985496 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,963,739
Price\Range: £0.4
Transaction Features: Rights Offering Announcement • Sep 30
Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £16 million. Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £16 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,400,000
Price\Range: £0.4
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 600,000
Price\Range: £0.4
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 06
First half 2022 earnings released: UK£0.011 loss per share (vs UK£0.01 loss in 1H 2021) First half 2022 results: UK£0.011 loss per share (further deteriorated from UK£0.01 loss in 1H 2021). Revenue: UK£2.86m (up 137% from 1H 2021). Net loss: UK£2.17m (loss widened 13% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Announcement • Aug 19
Surface Transforms plc Announces Retirement of Richard Gledhill as Non-Executive Director Surface Transforms Plc announced that Richard Gledhill has advised that he wishes to retire from the board with effect from 30 October 2022. Richard Gledhill joined Surface Transforms in 2009 and has served as a non-executive director since that time. Recent Insider Transactions • May 29
Independent Non-Executive Director recently bought UK£50k worth of stock On the 26th of May, Ian Cleminson bought around 102k shares on-market at roughly UK£0.49 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£60k more in shares than they have sold in the last 12 months. Price Target Changed • Apr 27
Price target increased to UK£0.95 Up from UK£0.69, the current price target is an average from 3 analysts. New target price is 78% above last closing price of UK£0.54. Stock is down 19% over the past year. The company is forecast to post earnings per share of UK£0.0033 next year compared to a net loss per share of UK£0.021 last year. Announcement • Apr 22
Surface Transforms Announces Appointment of Ian Cleminson as New Independent Non-Executive Director with Effect from 1 May 2022 Surface Transforms announced the appointment of Ian Cleminson as a new independent non-executive director with effect from 1 May 2022. Ian is currently Executive Vice President and Chief Financial Officer of Innospec Inc. Ian joined Innospec in 2002 and has served as CFO since 2006. Prior to joining Innospec, Ian held several senior financial management and accounting positions including Financial Controller at a division of BASF and an accountant in practice at KPMG. Ian has a Master of Social Science degree from Birmingham University and is a Fellow of the Association of Chartered Certified Accountants. Price Target Changed • Apr 07
Price target increased to UK£0.80 Up from UK£0.69, the current price target is an average from 3 analysts. New target price is 47% above last closing price of UK£0.55. Stock is down 27% over the past year. The company is forecast to post earnings per share of UK£0.0033 next year compared to a net loss per share of UK£0.021 last year. Reported Earnings • Apr 05
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: UK£2.37m (up 21% from FY 2020). Net loss: UK£3.95m (loss widened 72% from FY 2020). Revenue missed analyst estimates by 7.1%. Over the next year, revenue is forecast to grow 477%, compared to a 98% growth forecast for the industry in the United Kingdom. Announcement • Apr 04
Surface Transforms Plc, Annual General Meeting, Jun 30, 2022 Surface Transforms Plc, Annual General Meeting, Jun 30, 2022, at 09:00 Coordinated Universal Time. Location: finnCap at 1 Bartholomew Close London, EC1A 7BL London United Kingdom Reported Earnings • Sep 15
First half 2021 earnings released: UK£0.01 loss per share (vs UK£0.008 loss in 1H 2020) The company reported a mediocre first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: UK£1.21m (up 34% from 1H 2020). Net loss: UK£1.92m (loss widened 63% from 1H 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Reported Earnings • Apr 14
Full year 2020 earnings released: UK£0.015 loss per share (vs UK£0.017 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: UK£1.95m (down 22% from FY 2019). Net loss: UK£2.30m (loss widened 2.0% from FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 16
Surface Transforms plc Announces Retirement of Kevin D'silva from the Board Surface Transforms announced that Kevin D'Silva has advised the board that he wishes to retire from the board upon the publication of the preliminary statement for the financial year 2020. Announcement • Mar 06
Surface Transforms plc Announces Board Appointments Surface Transforms Plc announced the appointment of two new independent non-executive directors with immediate effect. Matthew Taylor joins the Board as non-executive director after retiring from his role as CEO of Bekaert SA in 2020. Julia Woodhouse also joins the Board as non-executive director. Julia spent her executive career with Ford Motor Company where her roles included Director, Global Power Train Purchasing, based in USA and Director, Global Chassis Purchasing, based in Germany. Announcement • Feb 09
Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £20 million. Surface Transforms Plc has completed a Follow-on Equity Offering in the amount of £20 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: £0.5 Is New 90 Day High Low • Feb 02
New 90-day high: UK£0.71 The company is up 31% from its price of UK£0.54 on 04 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: UK£0.62 The company is up 36% from its price of UK£0.46 on 16 October 2020. The British 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 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.75 per share. Is New 90 Day High Low • Oct 26
New 90-day high: UK£0.52 The company is up 107% from its price of UK£0.25 on 28 July 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.67 per share. Is New 90 Day High Low • Oct 06
New 90-day high: UK£0.47 The company is up 99% from its price of UK£0.24 on 08 July 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.68 per share. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total losses of UK£2.60m, with losses widening by 22% from the prior year. Total revenue was UK£2.81m over the last 12 months, up 131% from the prior year. Announcement • Sep 17
Surface Transforms Plc to Report 7 Months Period Ending Dec 31, 2019 Results on Jun 22, 2020 Surface Transforms Plc announced that they will report 7 months, period ending Dec 31, 2019 results on Jun 22, 2020