New Risk • May 27
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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 Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£15.8m market cap, or US$21.2m). New Risk • Apr 12
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 11% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.5% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£18.4m market cap, or US$24.8m). New Risk • Feb 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 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£22.4m market cap, or US$30.6m). Announcement • Feb 10
Tekcapital plc has completed a Follow-on Equity Offering in the amount of £1.5 million. Tekcapital plc has completed a Follow-on Equity Offering in the amount of £1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,750,000
Price\Range: £0.08
Transaction Features: Subsequent Direct Listing Announcement • Jan 07
Tekcapital plc Provides Preliminary Sales Guidance for the Full Year Ended December 31, 2025 Tekcapital plc provided preliminary sales guidance for the full year ended December 31, 2025. For the year, Preliminary sales are estimated to be $2.7 million, a substantial increase of approximately 65% year-over-year from $1.6 million in 2024. Announcement • Oct 16
Tekcapital plc has completed a Follow-on Equity Offering in the amount of £0.37475 million. Tekcapital plc has completed a Follow-on Equity Offering in the amount of £0.37475 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,569,048
Price\Range: £0.105
Transaction Features: Subsequent Direct Listing Announcement • Oct 13
Tekcapital plc has filed a Follow-on Equity Offering in the amount of £0.37475 million. Tekcapital plc has filed a Follow-on Equity Offering in the amount of £0.37475 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,569,048
Price\Range: £0.105
Transaction Features: Subsequent Direct Listing Price Target Changed • Oct 01
Price target increased by 9.5% to UK£0.15 Up from UK£0.14, the current price target is provided by 1 analyst. New target price is 62% above last closing price of UK£0.092. Stock is up 42% over the past year. The company posted earnings per share of US$0.097 last year. Reported Earnings • Sep 28
First half 2025 earnings released: EPS: US$0.027 (vs US$0.10 in 1H 2024) First half 2025 results: EPS: US$0.027 (down from US$0.10 in 1H 2024). Revenue: US$6.17m (down 71% from 1H 2024). Net income: US$5.43m (down 72% from 1H 2024). Profit margin: 88% (down from 92% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Sep 24
Tekcapital plc Provides Sales Guidance for the Fiscal Year 2025 Tekcapital plc provided sales guidance for the fiscal year 2025. For the year, the company announced sales target of USD 2,000,000 in Fiscal Year 2025, which would represent almost tripling its Fiscal Year 2024 revenue. Announcement • Aug 08
Guident Expands Patent Portfolio with Ai-Powered Remote Monitoring & Control Software for Enhanced Autonomous Vehicle Safety Tekcapital Plc announced that its portfolio company Guident Corp. ("Guident") has recently received a Notice of Allowance for its South Korean patent application (No. 10-2022-7034516), entitled "Artificial Intelligence Method and Apparatus for Remote Monitoring and Control of Autonomous Vehicles." Guident has also received a notice of Allowance for a corresponding U.S. patent application (No. 17/909,432) under the same title. These patents are anticipated to be granted following payment of applicable issuance and maintenance fees. The allowed patent applications are directed to an autonomous vehicle remote monitor and control centre (RMCC), employing distributed sensor fusion and artificial intelligence techniques that are configured to receive sensor data across multiple independently governed autonomous vehicles, including sensor data from vehicles not operating under RMCC control. With this sensor data, Guident can evaluate the incident risk level and take control of one or more autonomous vehicles if it detects that it is operating at an unsafe risk level. It can then implement safety measures and return control when the vehicle is operating safely. These developments add to Guident's growing international patent portfolio in this technology area, which already includes granted or validated patents in the U.S., Japan, South Korea, Hong Kong, Canada and 20 European Union countries, including Austria, Belgium, Bulgaria, Denmark, Estonia, Finland, France, Germany, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Romania, Slovenia, and Sweden. New Risk • Jun 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (UK£18.4m market cap, or US$25.0m). Reported Earnings • May 26
Full year 2024 earnings released: EPS: US$0.10 (vs US$0.091 loss in FY 2023) Full year 2024 results: EPS: US$0.10 (up from US$0.091 loss in FY 2023). Net income: US$19.2m (up US$34.8m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. New Risk • Apr 13
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 Earnings have declined by 25% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (UK£15.2m market cap, or US$19.9m). Announcement • Jan 17
Tekcapital plc has completed a Follow-on Equity Offering in the amount of £0.5 million. Tekcapital plc has completed a Follow-on Equity Offering in the amount of £0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,128,205
Price\Range: £0.0975
Transaction Features: Subsequent Direct Listing Announcement • Nov 15
Tekcapital plc has completed a Follow-on Equity Offering in the amount of £0.879313 million. Tekcapital plc has completed a Follow-on Equity Offering in the amount of £0.879313 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,724,167
Price\Range: £0.075
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 27
First half 2024 earnings released: EPS: US$0.10 (vs US$0.061 loss in 1H 2023) First half 2024 results: EPS: US$0.10 (up from US$0.061 loss in 1H 2023). Net income: US$19.5m (up US$29.6m from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Announcement • May 24
Tekcapital plc, Annual General Meeting, Jun 21, 2024 Tekcapital plc, Annual General Meeting, Jun 21, 2024. Location: the offices of bird and bird llp, 12 new fetter lane, ec4a 1jp, london United Kingdom Reported Earnings • May 23
Full year 2023 earnings released: US$0.09 loss per share (vs US$0.081 loss in FY 2022) Full year 2023 results: US$0.09 loss per share (further deteriorated from US$0.081 loss in FY 2022). Net loss: US$15.7m (loss widened 33% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Apr 16
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 (18% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. 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 (20% increase in shares outstanding). Market cap is less than US$100m (UK£16.4m market cap, or US$20.4m). Announcement • Mar 01
Tekcapital plc has completed a Follow-on Equity Offering in the amount of £2 million. Tekcapital plc has completed a Follow-on Equity Offering in the amount of £2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: £0.1
Transaction Features: Subsequent Direct Listing Announcement • Oct 17
Innovative Eyewear, Inc. Launches the Lyte XL Smart Eyewear Collection Tekcapital Plc announced a new collection of smart eyewear with enhanced features and comfort. The Lyte XL collection launched on October 17, 2023. The Lyte XL collection introduces several improvements to the Company's core product line, including the following: Six new styles of smart eyewear featuring a mix of modern and classic shapes, and the return of metal aviators to the Lucyd lineup. Improved audio and call quality, making the glasses more enjoyable for a variety of use cases. Patent-pending spring hinges for more comfortable and wide-ranging fits, and improved frame durability. A thinner Bluetooth temple with improved ergonomics. New frame lengths and widths for larger head sizes. New 99% post-consumer recycled packaging and user manual displaying important product info in five major languages. All styles are available in the full range of 50+ custom and prescription lenses offered on Lucyd.co. Reported Earnings • Oct 01
First half 2023 earnings released: US$0.06 loss per share (vs US$0.049 profit in 1H 2022) First half 2023 results: US$0.06 loss per share (down from US$0.049 profit in 1H 2022). Net loss: US$10.1m (down 257% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Oct 01
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£22.3m market cap, or US$27.2m). Announcement • Aug 03
Tekcapital plc Announces the Launch of New Transitional Blue Light Blocking Lens Designed to Maximize Utility, Eye Protection and User Satisfaction of Lucyd Eyewear Tekcapital plc announced the launch of a new transitional blue light blocking lens designed to maximize utility, eye protection and user satisfaction of Lucyd eyewear. The Lucyd Blueshift lens is an exclusive new lens upgrade offered with Lucyd eyewear, custom-developed by the Company, that provides the following benefits: The lens is photochromic, and tints to a polarized sunglass in bright environments, while remaining clear indoors. The lens will tint even without exposure to UV light, which is required to activate many other photo-sensitive lenses. This means they will darken behind a UV-blocking windshield and can be used for eye protection while driving. At the company's in-house lens lab, each lens has manually applied a special blue light blocking layer that does not disrupt the lenses' ability to transition to a sunglass. This additional coating provides an average of 40% filtration of harmful blue light, according to independent testing from Colts Labs. Unlike many other lenses offering this degree of blue light filtration, the lens does not have a significant yellow or amber tint, and is fully clear indoors. The resulting product is an ideal lens for mixed indoor/outdoor, on-screen and off-screen use. The Blueshift lens is available in both non-Rx and in any prescription, including progressive. New Risk • Jun 20
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 7.7% 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: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£23.2m market cap, or US$29.5m). Reported Earnings • May 28
Full year 2022 earnings released: US$0.09 loss per share (vs US$0.22 profit in FY 2021) Full year 2022 results: US$0.09 loss per share (down from US$0.22 profit in FY 2021). Net loss: US$12.7m (down 148% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Announcement • May 26
Tekcapital plc, Annual General Meeting, Jun 22, 2023 Tekcapital plc, Annual General Meeting, Jun 22, 2023, at 08:00 Coordinated Universal Time. Location: 12 New Fetter Lane, London. United Kingdom Board Change • Jan 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. 5 experienced directors. 7 highly experienced directors. Independent Non- Executive Director Louis Castro was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jul 29
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$13.0m from profit in 1H 2021). Profit margin: (down from 89% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 07
Tekcapital plc, Annual General Meeting, May 31, 2022 Tekcapital plc, Annual General Meeting, May 31, 2022, at 09:00 Coordinated Universal Time. Location: Bird & Bird LLP, 12 New Fetter Lane London United Kingdom Reported Earnings • May 06
Full year 2021 earnings released: EPS: US$0.22 (vs US$0.095 in FY 2020) Full year 2021 results: EPS: US$0.22 (up from US$0.095 in FY 2020). Revenue: US$29.1m (up 194% from FY 2020). Net income: US$26.4m (up 243% from FY 2020). Profit margin: 91% (up from 78% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 21
First half 2021 earnings released: EPS US$0.12 (vs US$0.026 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$14.5m (up 407% from 1H 2020). Net income: US$13.0m (up US$11.1m from 1H 2020). Profit margin: 89% (up from 66% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 02
Full year 2020 earnings released: EPS US$0.095 (vs US$0.095 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$9.88m (up 28% from FY 2019). Net income: US$7.68m (up 39% from FY 2019). Profit margin: 78% (up from 72% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 13
New 90-day high: UK£0.20 The company is up 81% from its price of UK£0.11 on 14 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is flat over the same period. Announcement • Sep 22
Guident Files Additional Patent Tekcapital Plc announced that portfolio company Guident has filed an additional patent for the enhanced remote monitoring and control of autonomous vehicles (AV's), delivery drones and robots. Guident announced that it has filed U.S. patent application #17025152 entitled: "System and Methods for Remote Monitoring of a Vehicle, Robot or Drone." This new patent teaches methods and procedures for improving the real-time, intelligent monitoring and control of AV's and land-based delivery drones. The application is directed to a novel smart remote monitoring device and improved remote monitoring control centre, describing methods for monitoring incident risk level and remotely taking control of multiple autonomous vehicles, robots, or drones. The systems and methods described in the application can enhance the safety of autonomous vehicles, robots, or drones. Guident has developed and acquired a portfolio of seven patents and applications, together which enables advanced teleoperation for AV's and drones to enhance customer safety and security whilst providing a reliable, low latency connection to any advanced mobile network solution.