Reported Earnings • May 01
Full year 2025 earnings released: UK£0.38 loss per share (vs UK£0.049 profit in FY 2024) Full year 2025 results: UK£0.38 loss per share (down from UK£0.049 profit in FY 2024). Revenue: UK£4.95m (down 44% from FY 2024). Net loss: UK£3.03m (down UK£3.42m from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 61% per year whereas the company’s share price has fallen by 56% per year. 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 Market cap is less than US$10m (UK£2.20m market cap, or US$2.98m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Announcement • Apr 01
Northcoders Group PLC to Report Fiscal Year 2025 Results on Apr 29, 2026 Northcoders Group PLC announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 29, 2026 Announcement • Aug 22
Northcoders Group PLC to Report First Half, 2025 Results on Sep 30, 2025 Northcoders Group PLC announced that they will report first half, 2025 results on Sep 30, 2025 Announcement • Aug 01
Northcoders Group PLC Provides Revenue Guidance for the First Half of 2025 Northcoders Group PLC provided revenue guidance for the first half of 2025. Revenues for first half -2025 are expected to be £3.7 million (first half-2024: £4.4 million), reflecting the previously announced slower access to Government funding. Announcement • May 19
Northcoders Group PLC, Annual General Meeting, Jun 26, 2025 Northcoders Group PLC, Annual General Meeting, Jun 26, 2025. Location: bloc, 17 marble street, m2 3aw, manchester United Kingdom New Risk • Apr 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£4.97m (US$6.62m) 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 (13% average weekly change). Market cap is less than US$10m (UK£4.97m market cap, or US$6.62m). Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: UK£0.049 (vs UK£0.13 loss in FY 2023) Full year 2024 results: EPS: UK£0.049 (up from UK£0.13 loss in FY 2023). Revenue: UK£8.82m (up 24% from FY 2023). Net income: UK£388.9k (up UK£1.40m from FY 2023). Profit margin: 4.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. New Risk • Apr 06
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: 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£9.57m market cap, or US$12.3m). Announcement • Mar 17
Northcoders Group PLC to Report Fiscal Year 2024 Results on Apr 23, 2025 Northcoders Group PLC announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Apr 23, 2025 Announcement • Mar 05
Northcoders Group PLC Announces Launching a Brand New B2C Training Bootcamp Course Focusing on AI and Machine Learning Northcoders Group PLC announces it is launching a brand new B2C Training Bootcamp course focusing on AI and Machine Learning. The Group has carried out market research for the last year to optimise the skills offering and ensure maximum demand. The curriculum covers the principles of Data Engineering, Machine Learning, Cloud Technologies and the Engineering at the heart of AI language models. The fully online course, spanning 14 weeks, will start on 16 June 2025. The launch reflects Northcoders' ability to diversify and provide technology training of the highest calibre in the most sought-after disciplines in the digital training market. New Risk • Feb 26
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 7.8% 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 Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (UK£9.21m market cap, or US$11.7m). Recent Insider Transactions • Oct 28
Founder recently sold UK£304k worth of stock On the 22nd of October, Christopher Hill sold around 190k shares on-market at roughly UK£1.60 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Reported Earnings • Sep 23
First half 2024 earnings released: EPS: UK£0.014 (vs UK£0.032 loss in 1H 2023) First half 2024 results: EPS: UK£0.014 (up from UK£0.032 loss in 1H 2023). Revenue: UK£4.35m (up 26% from 1H 2023). Net income: UK£108.4k (up UK£359.3k from 1H 2023). Profit margin: 2.5% (up from net loss in 1H 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Aug 21
Northcoders Group PLC to Report First Half, 2024 Results on Sep 17, 2024 Northcoders Group PLC announced that they will report first half, 2024 results on Sep 17, 2024 Buy Or Sell Opportunity • Jul 10
Now 22% undervalued Over the last 90 days, the stock has risen 48% to UK£2.36. The fair value is estimated to be UK£3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Market cap is less than US$100m (UK£12.2m market cap, or US$15.5m). Announcement • May 19
Northcoders Group PLC, Annual General Meeting, Jun 20, 2024 Northcoders Group PLC, Annual General Meeting, Jun 20, 2024. Location: manchester technology centre, 103 oxford road, m1 7ed, manchester United Kingdom Reported Earnings • Apr 30
Full year 2023 earnings released: UK£0.13 loss per share (vs UK£0.051 profit in FY 2022) Full year 2023 results: UK£0.13 loss per share (down from UK£0.051 profit in FY 2022). Revenue: UK£7.10m (up 27% from FY 2022). Net loss: UK£1.01m (down 380% from profit in FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Consumer Services industry in the United Kingdom. New Risk • Apr 07
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (UK£12.3m market cap, or US$15.5m). Announcement • Apr 05
Northcoders Group plc Launches Brand New Part-Time B2c Software Development Bootcamp Northcoders Group PLC is launching a brand new part-time B2C software development bootcamp that aims to make careers in tech even more accessible and to increase the number of people from different backgrounds taking its courses. The part-time bootcamp, with the same award-winning and industry-recognised approach as Northcoders' full-time equivalent, is designed to equip aspiring developers with the full stack software development skills needed to launch successful coding careers. The curriculum covers both front-end and back-end coding and has a special emphasis on web application development. Spanning 30 weeks, the programme requires a minimum of 3.5 hours of contact time and eighth ours of self-study each week. Live lectures and seminars are scheduled twice a week, with lectures being recorded for those who cannot attend in real-time. This flexible learning schedule ensures it is feasible to learn to code around family or employment commitments, particularly accessible for those who are not able to terminate existing contracts before training for their new career of choice. This reflects North coders' dedication to fostering a supportive and inclusive learning environment. A significant emphasisis also on collaborative learning. Through study groups,students will benefit from one-on-one mentoring sessions as well as specific debugging support to help them navigate coding challenges. This approach will ensure that students not only learn coding but also develop problem-solving skills that are essential in the tech industry. Announcement • Mar 12
Northcoders Group PLC to Report Fiscal Year 2023 Results on Apr 30, 2024 Northcoders Group PLC announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Sep 20
First half 2023 earnings released: UK£0.032 loss per share (vs UK£0.028 profit in 1H 2022) First half 2023 results: UK£0.032 loss per share (down from UK£0.028 profit in 1H 2022). Revenue: UK£3.45m (up 46% from 1H 2022). Net loss: UK£250.9k (down 230% from profit in 1H 2022). Revenue is expected to decline by 156% p.a. on average during the next 2 years, while revenues in the Consumer Services industry in the United Kingdom are expected to grow by 2.8%. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£1.90, the stock trades at a trailing P/E ratio of 40.6x. Average forward P/E is 17x in the Consumer Services industry in the United Kingdom. Total loss to shareholders of 46% over the past year. Announcement • Aug 24
Northcoders Group PLC to Report First Half, 2023 Results on Sep 19, 2023 Northcoders Group PLC announced that they will report first half, 2023 results on Sep 19, 2023 Announcement • May 06
Northcoders Group PLC, Annual General Meeting, Jun 01, 2023 Northcoders Group PLC, Annual General Meeting, Jun 01, 2023, at 10:00 Coordinated Universal Time. Location: Manchester Technology Centre, 103 Oxford Road Mancheseter United Kingdom Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: UK£0.051 (vs UK£0.061 loss in FY 2021) Full year 2022 results: EPS: UK£0.051 (up from UK£0.061 loss in FY 2021). Revenue: UK£5.60m (up 86% from FY 2021). Net income: UK£359.5k (up UK£717.7k from FY 2021). Profit margin: 6.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Consumer Services industry in the United Kingdom. Announcement • Jan 31
Northcoders Group PLC Provides Revenue Guidance for the Year 2023 Northcoders Group PLC provided revenue guidance for the year 2023. Revenue visibility for the forthcoming year currently stands at £5.4 million, an increase of 79% compared to the same time last year. Recent Insider Transactions • Nov 29
Founder recently sold UK£59k worth of stock On the 24th of November, Christopher Hill sold around 20k shares on-market at roughly UK£3.00 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non- Executive Chairman Angela Williams was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non- Executive Chairman Angela Williams was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 29
COO & Director recently sold UK£128k worth of stock On the 25th of October, Amul Batra sold around 64k shares on-market at roughly UK£2.00 per share. This was the largest sale by an insider in the last 3 months. This was Amul's only on-market trade for the last 12 months.