Announcement • Jul 23
Fonix Plc to Report Fiscal Year 2026 Final Results on Sep 22, 2026 Fonix Plc announced that they will report fiscal year 2026 final results on Sep 22, 2026 Reported Earnings • Mar 20
First half 2026 earnings released: EPS: UK£0.062 (vs UK£0.061 in 1H 2025) First half 2026 results: EPS: UK£0.062 (up from UK£0.061 in 1H 2025). Revenue: UK£42.3m (up 9.2% from 1H 2025). Net income: UK£6.11m (flat on 1H 2025). Profit margin: 14% (down from 16% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 19
First half dividend increased to UK£0.031 Dividend of UK£0.031 is 6.9% higher than last year. Ex-date: 26th March 2026 Payment date: 2nd April 2026 Dividend yield will be 5.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 21% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 19
Fonix Mobile plc Declares Interim Dividend, Payable on 2 April 2026 Fonix Plc declared increased interim dividend of 3.1 pence per share, in line with the Group's progressive dividend policy to pay out at least 75% of adjusted EPS to shareholders in the form of an ordinary dividend each period. The interim dividend will be paid on 2 April 2026 to shareholders on the register on 27 March 2026 (record date), with an ex-dividend date of 26 March 2026. Buy Or Sell Opportunity • Feb 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.9% to UK£1.78. The fair value is estimated to be UK£2.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Recent Insider Transactions • Jan 30
Independent Non-Executive Chairman recently bought UK£53k worth of stock On the 22nd of January, Edward Spurrier bought around 30k shares on-market at roughly UK£1.77 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Edward's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Jan 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to UK£1.67. The fair value is estimated to be UK£2.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Buy Or Sell Opportunity • Dec 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to UK£1.68. The fair value is estimated to be UK£2.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Upcoming Dividend • Nov 13
Upcoming dividend of UK£0.059 per share Eligible shareholders must have bought the stock before 20 November 2025. Payment date: 28 November 2025. Payout ratio is on the higher end at 78%, and the cash payout ratio is above 100%. Trailing yield: 4.7%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (6.6%). Reported Earnings • Oct 22
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: UK£0.11 (up from UK£0.11 in FY 2024). Revenue: UK£72.8m (down 4.3% from FY 2024). Net income: UK£11.1m (up 5.0% from FY 2024). Profit margin: 15% (up from 14% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Oct 20
Dividend of UK£0.059 announced Shareholders will receive a dividend of UK£0.059. Ex-date: 20th November 2025 Payment date: 28th November 2025 Dividend yield will be 6.3%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (140% cash payout ratio). The dividend has increased by an average of 21% per year over the past 5 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Sep 23
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: UK£0.11 (up from UK£0.11 in FY 2024). Revenue: UK£72.8m (down 4.3% from FY 2024). Net income: UK£11.1m (up 5.0% from FY 2024). Profit margin: 15% (up from 14% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 23
Fonix Plc, Annual General Meeting, Nov 13, 2025 Fonix Plc, Annual General Meeting, Nov 13, 2025. Announcement • Jul 22
Fonix Plc to Report Fiscal Year 2025 Final Results on Sep 23, 2025 Fonix Plc announced that they will report fiscal year 2025 final results on Sep 23, 2025 Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£2.37, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Diversified Financial industry in the United Kingdom. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.96 per share. Buy Or Sell Opportunity • May 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to UK£2.37. The fair value is estimated to be UK£1.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to decline by 3.1% in the next year. Declared Dividend • Mar 20
Dividend of UK£0.029 announced Shareholders will receive a dividend of UK£0.029. Ex-date: 27th March 2025 Payment date: 4th April 2025 Dividend yield will be 6.5%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (174% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Mar 20
First half 2025 earnings released: EPS: UK£0.061 (vs UK£0.057 in 1H 2024) First half 2025 results: EPS: UK£0.061 (up from UK£0.057 in 1H 2024). Revenue: UK£38.8m (down 2.3% from 1H 2024). Net income: UK£6.06m (up 6.6% from 1H 2024). Profit margin: 16% (up from 14% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 13% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 19
Fonix Mobile plc Declares Interim Dividend, Payable on 4 April 2025 Fonix Plc declared increased interim dividend of 2.9p per share, in line with the Company's progressive dividend policy to pay out at least 75% of adjusted EPS to shareholders in the form of an ordinary dividend each period. The interim dividend will be paid on 4 April 2025 to shareholders on the register on 28 March 2025 (record date), with an ex-dividend date of 27 March 2025. New Risk • Mar 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% 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 Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (174% cash payout ratio). Buy Or Sell Opportunity • Feb 26
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to UK£2.38. The fair value is estimated to be UK£1.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 4.5% in the next 2 years. Announcement • Jan 23
Fonix plc Approves Special Dividend for the Six Months Ended December 31, 2024, Payable on 12 February 12, 2025 Fonix plc approved Special Dividend for the six Months Ended December 31, 2024. For the period, the company reported a payment of 3.0 pence per share, which will be paid on February 12, 2025 to those shareholders who are on the register at the close of business on January 31, 2025 (record date), with a corresponding ex-dividend date of January 30, 2025. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£2.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Diversified Financial industry in the United Kingdom. Total returns to shareholders of 55% over the past three years. New Risk • Dec 12
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 7.5% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Nov 14
Upcoming dividend of UK£0.057 per share Eligible shareholders must have bought the stock before 21 November 2024. Payment date: 29 November 2024. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (6.8%). Buy Or Sell Opportunity • Oct 30
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to UK£2.54. The fair value is estimated to be UK£2.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 4.5% in the next 2 years. Reported Earnings • Oct 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: UK£0.11 (up from UK£0.088 in FY 2023). Revenue: UK£76.1m (up 17% from FY 2023). Net income: UK£10.6m (up 21% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.0%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 15% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. Declared Dividend • Oct 28
Final dividend increased to UK£0.057 Dividend of UK£0.057 is 17% higher than last year. Ex-date: 21st November 2024 Payment date: 29th November 2024 Dividend yield will be 3.5%, which is lower than the industry average of 6.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 4.2% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 25
Fonix Mobile plc Recommends Final Dividend, Payable on 29 November 2024 Fonix Mobile plc at its Annual General Meeting to be held on 19 November 2024, recommended a final dividend of 5.70 pence per share, which if approved, will be paid on 29 November 2024 to those shareholders who were on the register at the close of business on 22 November 2024 (record date), with a corresponding ex-dividend date of 21 November 2024. Buy Or Sell Opportunity • Oct 15
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 2.1% to UK£2.49. The fair value is estimated to be UK£2.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 4.5% in the next 2 years. Reported Earnings • Sep 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: UK£0.11 (up from UK£0.088 in FY 2023). Revenue: UK£76.1m (up 17% from FY 2023). Net income: UK£10.6m (up 21% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.0%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 17% decline forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. Announcement • Sep 25
Fonix Plc, Annual General Meeting, Nov 19, 2024 Fonix Plc, Annual General Meeting, Nov 19, 2024. Announcement • Jul 23
Fonix Mobile plc Provides Earnings Guidance for the Fiscal Year 2025 Fonix Mobile plc provided earnings guidance for the fiscal year 2025. For the year, the company remains confident in Fonix's growth potential and beyond, supported by high levels of recurring revenue with a strong run-rate, an expanded commercial offering, and significant opportunities for further international expansion. Announcement • Jul 22
Fonix Mobile plc to Report Fiscal Year 2024 Final Results on Sep 24, 2024 Fonix Mobile plc announced that they will report fiscal year 2024 final results on Sep 24, 2024 Declared Dividend • Mar 14
First half dividend increased to UK£0.026 Dividend of UK£0.026 is 10% higher than last year. Ex-date: 21st March 2024 Payment date: 2nd April 2024 Dividend yield will be 2.8%, which is lower than the industry average of 6.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 29% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 3.4% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 13
First half 2024 earnings released: EPS: UK£0.057 (vs UK£0.048 in 1H 2023) First half 2024 results: EPS: UK£0.057 (up from UK£0.048 in 1H 2023). Revenue: UK£39.7m (up 21% from 1H 2023). Net income: UK£5.69m (up 17% from 1H 2023). Profit margin: 14% (in line with 1H 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 34% growth forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Announcement • Feb 09
Fonix Mobile plc to Report First Half, 2024 Results on Mar 12, 2024 Fonix Mobile plc announced that they will report first half, 2024 results on Mar 12, 2024 Upcoming Dividend • Nov 09
Upcoming dividend of UK£0.049 per share at 3.6% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 30 November 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (6.4%). Lower than average of industry peers (6.8%). Reported Earnings • Oct 25
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: UK£0.088 (up from UK£0.08 in FY 2022). Revenue: UK£64.9m (up 21% from FY 2022). Net income: UK£8.80m (up 9.6% from FY 2022). Profit margin: 14% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Diversified Financial industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 22
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: UK£0.088 (up from UK£0.08 in FY 2022). Revenue: UK£64.9m (up 21% from FY 2022). Net income: UK£8.80m (up 9.6% from FY 2022). Profit margin: 14% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Diversified Financial industry in the United Kingdom. Announcement • Sep 22
Fonix Mobile plc Provides Earnings Guidance for the Year 2024 Fonix Mobile plc provided earnings guidance for the year 2024. Strong start to year 2024, with trading in line with the Board's expectations. Price Target Changed • Aug 11
Price target increased by 8.0% to UK£2.70 Up from UK£2.50, the current price target is provided by 1 analyst. New target price is 44% above last closing price of UK£1.88. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of UK£0.088 for next year compared to UK£0.08 last year. Announcement • May 19
Fonix Mobile plc (AIM:FNX) commences an Equity Buyback Plan for 10,000,000 shares, representing 10% of its issued share capital, under the authorization approved on November 22, 2022. Fonix Mobile plc (AIM:FNX) commences share repurchases on May 18, 2023, under the program mandated by the shareholders in the Annual General Meeting held on November 22, 2022. As per the mandate, the company is authorized to repurchase up to 10,000,000 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.001 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The authority shall expire at earlier of, the conclusion of the next Annual General Meeting of the company or, on February 22, 2024. As at October 21, 2022, the company had 100,000,000 ordinary shares and no shares in treasury. Upcoming Dividend • Mar 16
Upcoming dividend of UK£0.024 per share at 3.5% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 31 March 2023. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (3.9%). Reported Earnings • Mar 14
First half 2023 earnings released: EPS: UK£0.048 (vs UK£0.043 in 1H 2022) First half 2023 results: EPS: UK£0.048 (up from UK£0.043 in 1H 2022). Revenue: UK£32.8m (up 15% from 1H 2022). Net income: UK£4.85m (up 12% from 1H 2022). Profit margin: 15% (in line with 1H 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 12% growth forecast for the IT industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£1.98, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the IT industry in the United Kingdom. Total returns to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at UK£1.37 per share. Price Target Changed • Jan 31
Price target increased by 9.9% to UK£2.50 Up from UK£2.28, the current price target is an average from 2 analysts. New target price is 16% above last closing price of UK£2.16. Stock is up 38% over the past year. The company is forecast to post earnings per share of UK£0.087 for next year compared to UK£0.08 last year. Announcement • Jan 25
Fonix Mobile plc to Report First Half, 2023 Results on Mar 13, 2023 Fonix Mobile plc announced that they will report first half, 2023 results on Mar 13, 2023 Price Target Changed • Jan 20
Price target increased to UK£2.28 Up from UK£2.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of UK£2.21. Stock is up 38% over the past year. The company is forecast to post earnings per share of UK£0.087 for next year compared to UK£0.08 last year. Upcoming Dividend • Nov 17
Upcoming dividend of UK£0.045 per share Eligible shareholders must have bought the stock before 24 November 2022. Payment date: 30 November 2022. Payout ratio is on the higher end at 81%, and the cash payout ratio is above 100%. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (3.1%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Ed Spurrier was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Sep 27
Now 20% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be UK£2.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 135%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 20% in the next 2 years. Reported Earnings • Sep 23
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: UK£0.08 (up from UK£0.06 in FY 2021). Revenue: UK£53.6m (up 13% from FY 2021). Net income: UK£8.03m (up 32% from FY 2021). Profit margin: 15% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 16% share price gain to UK£1.53, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 26x in the IT industry in the United Kingdom. Total loss to shareholders of 1.6% over the past year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Ed Spurrier was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 17
Upcoming dividend of UK£0.02 per share Eligible shareholders must have bought the stock before 24 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (4.7%). Higher than average of industry peers (2.3%). Reported Earnings • Mar 15
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: UK£0.043 (up from UK£0.027 in 1H 2021). Revenue: UK£28.6m (up 16% from 1H 2021). Net income: UK£4.31m (up 58% from 1H 2021). Profit margin: 15% (up from 11% in 1H 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 7.9%, compared to a 18% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 23% share price gain to UK£1.53, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the IT industry in the United Kingdom. Total loss to shareholders of 2.6% over the past year. Board Change • Jan 27
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. Independent Non-Executive Chairman Ed Spurrier was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 11
Upcoming dividend of UK£0.035 per share Eligible shareholders must have bought the stock before 18 November 2021. Payment date: 30 November 2021. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.9%). Reported Earnings • Oct 24
Full year 2021 earnings released: EPS UK£0.06 (vs UK£0.061 in FY 2020) The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2021 results: Revenue: UK£47.7m (up 19% from FY 2020). Net income: UK£6.06m (flat on FY 2020). Profit margin: 13% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Sep 24
Full year 2021 earnings released The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2021 results: Revenue: UK£47.7m (up 19% from FY 2020). Net income: UK£6.06m (flat on FY 2020). Profit margin: 13% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Executive Departure • Mar 31
CFO & Director has left the company On the 29th of March, Rupert Howard Horner's tenure as CFO & Director ended after less than a year in the role. We don't have any record of a personal shareholding under Rupert Howard's name. Rupert Howard is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 12
New 90-day high: UK£1.54 The company is up 38% from its price of UK£1.12 on 13 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: UK£1.50 The company is up 65% from its price of UK£0.91 on 13 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 13% over the same period. Reported Earnings • Oct 12
Full year earnings released - EPS UK£1.36 Over the last 12 months the company has reported total profits of UK£6.02m, up 53% from the prior year. Total revenue was UK£40.1m over the last 12 months, up 29% from the prior year. Profit margins were 15%, which is higher than the 13% margin from last year. The increase in margin was driven by higher revenue.