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 2025. 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 Earnings have declined by 45% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (UK£1.1m revenue, or US$1.5m). Market cap is less than US$100m (UK£23.1m market cap, or US$31.2m). Announcement • Nov 09
Tan Delta Systems plc Announces Commencement of Pay for Phase 2 Trial by One of the World's Largest Multi-National Online Retailer Tan Delta Systems plc announced the commencement of a paid for Phase 2 trial by one of the world's largest multi-national online retailers (the "Customer") to evaluate Tan Delta's real time oil condition analysis and monitoring systems. The Customer is seeking to monitor critical gearboxes used on conveyor systems inside their distribution centres in order to prevent unplanned downtime and optimise maintenance practices based upon need rather than fixed time schedules. Phase 1 saw the installation and operation of sensor systems on five of their gearboxes in one distribution hub and proved the capability of the Tan Delta solution to detect and track changes in oil and gearbox condition. Phase 2, will see this expanded to more gearboxes in multiple distribution centres, both in Europe and USA along with some data analytic integration. The first purchase order for Phase 2 was received in this month and the actual trial is expected to commence early in the 2026. Announcement • May 23
Tan Delta Systems plc, Annual General Meeting, Jun 18, 2025 Tan Delta Systems plc, Annual General Meeting, Jun 18, 2025. Location: zeus capital limited, 125 old broad street, 12th floor, ec2n 1ar, london United Kingdom Reported Earnings • May 13
Full year 2024 earnings released: UK£0.02 loss per share (vs UK£0.019 loss in FY 2023) Full year 2024 results: UK£0.02 loss per share (further deteriorated from UK£0.019 loss in FY 2023). Revenue: UK£1.22m (down 17% from FY 2023). Net loss: UK£1.17m (loss widened 6.1% from FY 2023). 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 Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (UK£1.2m revenue, or US$1.5m). Market cap is less than US$100m (UK£14.3m market cap, or US$19.0m). Announcement • Dec 13
Tan Delta Systems plc Provides Earnings Guidance for the Year 2024 Tan Delta Systems plc provided earnings guidance for the year 2024. Due to a delay in some specific pipeline orders the Company's financial results will be lower than market expectations, with revenue in Fiscal Year 2024 expected to be approximately £1.2 million (Fiscal 2023: £1.5 million). New Risk • Dec 13
New major risk - Revenue and earnings growth Earnings have declined by 67% 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£2.2m free cash flow). Earnings have declined by 67% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (UK£1.2m revenue, or US$1.5m). Market cap is less than US$100m (UK£12.8m market cap, or US$16.2m). Reported Earnings • Oct 03
First half 2024 earnings released First half 2024 results: UK£0.007 loss per share. Net loss: UK£529.0k (flat on 1H 2023). Revenue is forecast to grow 82% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. New Risk • Aug 10
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 British stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 2 years (UK£120k net loss in 2 years). Share price has been volatile over the past 3 months (8.7% average weekly change). Revenue is less than US$5m (UK£1.5m revenue, or US$1.9m). Market cap is less than US$100m (UK£13.9m market cap, or US$17.8m). Announcement • Aug 09
Tan Delta Systems plc Enters New Product Development Agreement with OEM Tan Delta announced that it has entered into a non-exclusive new product development agreement with a global engine OEM. The Agreement is for the development and commercialisation of a new real time sensor (based on the Company's core technology) to monitor the condition and degradation of aqueous fluids such as coolants, cutting fluids and water based hydraulic fluids. The Agreement is worth approximately £200,000 which is expected to be fully recognised in the current financial year ending 31 December 2024. The Company plans to have the product completed and ready for live trials by the end of Fourth Quarter 2024. Post this development phase, potential revenue in the subsequent five years could exceed £2.0 million. Announcement • Jul 03
Tan Delta Systems plc Announces Change of Chief Financial Officer Tan Delta Systems plc announced a change of CFO. On July 5, 2024, current CFO, Steve Johnson, will amicably leave the Company to pursue other interests and coterminously, John Higginbottom will join the Board as CFO. John is a seasoned and highly experienced professional CFO with a successful 25 year track record of working in a variety of dynamic fast scaling medium sized industrial-tech businesses. John will join the Board as CFO immediately on Friday 5th July 2024 and will phase into a full time role with the executive management over the coming months whilst other existing obligations are completed. Announcement • May 03
Tan Delta Systems plc, Annual General Meeting, Jun 06, 2024 Tan Delta Systems plc, Annual General Meeting, Jun 06, 2024, at 12:00 Coordinated Universal Time. Location: Zeus Capital Limited, 125 Old Broad Street, 12th Floor, London United Kingdom Announcement • Apr 09
Tan Delta Systems plc Appoints Joy Alvarez as an Independent Non-Executive Director Tan Delta Systems plc announced the appointment of Joy Alvarez as an independent Non-Executive Director of the Company effective immediately. Joy is an international executive with over 25 years of experience working in the Industrial, Power Generation, and Oil & Gas markets. She has a strong track record of success with major equipment suppliers and customers. Whilst at General Electric ("GE"), she developed innovative products, drove double-digit revenue growth and expanded global market presence, working in a variety of strategic roles at including Digital Product Leader and Global Marketing Leader. She most recently held the position of Commercialisation and Operations Leader for the Digital and Controls product portfolio at GE Verona focused on portfolio operations & strategy optimization and M&A. Announcement • Jan 02
Tan Delta Systems plc Provides Earnings Guidance for the Fiscal Year 2023 Tan Delta Systems plc provided Earnings Guidance for the Fiscal Year 2023. For the year, company expects Revenue to be approximately £1.44 million (FY 2022: £1.6 million). Whilst this is below original management expectations, the timing of the year end has ultimately straddled a number of mature trials that had been expected to commence roll out towards the end of Second half 2023, but due to customer logistics, are now expected to commence in first half 2024. The Board is keen to emphasizes that good and comprehensive progress has been made on these mature trials and alongside these, numerous other trials and roll outs have progressed as expected. Announcement • Nov 17
Tan Delta Systems Launches Sense-2, New Real-Time Oil Monitoring System to Significantly Reduce Operating Costs for the Manufacturing, Machinery and Lubrication Sector Tan Delta Systems announced the launch of SENSE-2. The new oil condition monitoring kit provides real-time data about machine oil quality to optimize maintenance and reduce operating costs. The SENSE-2 is plug-and-play and accurately identifies when oil reaches the end of its life, superseding traditional time-based maintenance schedules which can result in oil being discarded prematurely - with the potential of wasting up to 50% of its useful life. For the manufacturing and lubrication industries, SENSE-2's ability to extend maintenance intervals by monitoring equipment condition in real-time, results in answering the actual equipment needs rather than maintenance being driven by time-based scheduling. This, in conjunction with reducing the business's carbon footprint, will help support sustainability goals by reducing oil consumption by approximately 30% per year, as well as reducing parts consumption and extending equipment life. The real-time aspect of the system is what sets it apart, utilizing unique active molecular-level analysis to detect all changes in oil condition and any contamination. The Tan Delta sensor works by providing a full-spectrum holistic (FSH™?) oil quality analysis, which continuously monitors the ratio of two key measurements, capacitance and conductance, to provide real-time insight. This molecular analysis taking place every few seconds, enables accurate tracking of oil degradation as well as detecting contamination and early signs of internal equipment problems. This allows for precise predictions of maintenance points crucially optimizing maintenance scheduling, and reducing costs and downtime. The OQSx-G2 oil quality sensor within the SENSE-2 kit is also available as a Mobile Oil Tester (MOT) kit, created with workshops and mobile maintenance teams in mind. Any oil from any equipment can be sampled and tested simply and easily on-site in seconds. The sensor is used in conjunction with the MOT software, which operates on any Windows-based laptop, tablet or PC. Users simply install the MOT app, connect it to the sensor, collect the sample in one of the bottles provided and follow the steps in the software to test the sample. 