Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: UK£0.002 (vs UK£0.003 loss in FY 2023) Full year 2024 results: EPS: UK£0.002 (up from UK£0.003 loss in FY 2023). Revenue: UK£5.90m (up 13% from FY 2023). Net income: UK£1.03m (up UK£2.38m from FY 2023). Profit margin: 17% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. New Risk • Mar 18
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 23% 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 Share price has been highly volatile over the past 3 months (23% average weekly change). Market cap is less than US$10m (UK£1.54m market cap, or US$2.01m). New Risk • Dec 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.72m (US$9.67m) 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 Risk Market cap is less than US$10m (UK£7.72m market cap, or US$9.67m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Announcement • Dec 23
Alpha Growth plc to Report Fiscal Year 2023 Results on Mar 31, 2025 Alpha Growth plc announced that they will report fiscal year 2023 results at 8:00 AM, GMT Standard Time on Mar 31, 2025 Announcement • Dec 12
Alpha Growth plc Appoints Lynne Martel as an Independent Non-Executive Director and as a Member of the Audit Committee Alpha Growth plc announced that Lynne Martel has agreed to join the Board as an Independent Non-executive Director with immediate effect and will also become a member of the Audit Committee. Lynne has over 30 years' experience in wealth and asset management. Lynne currently serves on the board of Alpha International Life Assurance Company (Guernsey) Ltd. and was formerly on the board of Havelet Assignment Company Ltd, two of the Company's subsidiaries. Lynne's appointment to the Board shows the Company's commitment to bring expertise along with efforts to add diversity and enhance its corporate governance as it moves towards its next stage of growth. Lynne brings a wealth of experience in banking and asset management from her past senior executive positions at State Street Bank and Trust, Citigroup, and Fidelity Investments. Reported Earnings • Sep 23
First half 2024 earnings released: EPS: UK£0 (vs UK£0.001 loss in 1H 2023) First half 2024 results: EPS: UK£0 (improved from UK£0.001 loss in 1H 2023). Net loss: UK£115.9k (loss narrowed 70% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Sep 18
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£6.6m 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£6.6m free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (UK£9.59m market cap, or US$12.6m). Reported Earnings • May 03
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: UK£0.002 loss per share (down from UK£0.007 profit in FY 2022). Net loss: UK£1.36m (down 143% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Apr 30
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 16% 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 Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (85% accrual ratio). 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 (3.5% increase in shares outstanding). Market cap is less than US$100m (UK£8.42m market cap, or US$10.5m). 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 High level of non-cash earnings (85% accrual ratio). Market cap is less than US$10m (UK£5.38m market cap, or US$6.70m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). New Risk • Jan 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.25m (US$9.21m) 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 (15% average weekly change). High level of non-cash earnings (85% accrual ratio). Market cap is less than US$10m (UK£7.25m market cap, or US$9.21m). Minor Risk Shareholders have been diluted in the past year (8.3% increase in shares outstanding). New Risk • Oct 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 11% 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 Risks High level of non-cash earnings (85% accrual ratio). Market cap is less than US$10m (UK£7.37m market cap, or US$9.02m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Reported Earnings • Oct 02
First half 2023 earnings released: UK£0.001 loss per share (vs UK£0.001 loss in 1H 2022) First half 2023 results: UK£0.001 loss per share (in line with 1H 2022). Revenue: UK£2.50m (up 53% from 1H 2022). Net loss: UK£358.5k (loss narrowed 21% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 06
Alpha Growth plc, Annual General Meeting, Jun 16, 2023 Alpha Growth plc, Annual General Meeting, Jun 16, 2023. Location: offices of Allenby Capital Limited,5th Floor, St Helen's Place, London EC3A 6AB London: United Kingdom Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Jason Sutherland was the last independent 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: Minority of independent directors. Insufficient board refreshment. 