Board Change • Jul 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Chairwoman Darcy Antonellis was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 11
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 8.0% 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 43% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$6.9m). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (UK£48.2m market cap, or US$64.6m). Reported Earnings • Jun 10
Full year 2025 earnings released: US$0.099 loss per share (vs US$0.048 loss in FY 2024) Full year 2025 results: US$0.099 loss per share (further deteriorated from US$0.048 loss in FY 2024). Revenue: US$52.2m (down 2.2% from FY 2024). Net loss: US$7.58m (loss widened 108% from FY 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • May 20
Bango PLC, Annual General Meeting, Jun 25, 2026 Bango PLC, Annual General Meeting, Jun 25, 2026. Location: the bango cambridge office, matrix house, cambridge business park, cowley road, cb4 0wz, cambridge United Kingdom Announcement • May 14
Bango PLC Announces Board Changes Bango PLC announced the appointment of Darcy Antonellis as Non-Executive Independent Chair of the Board, with effect from the conclusion of the Annual General Meeting. Darcy Antonellis has served as a Non-Executive Independent Director of Bango since September 2023 and has played an important role in strengthening governance, Board evaluation and strategic oversight. She brings extensive executive and non-executive board level experience in public companies across technology, media and digital platform businesses. Darcy currently serves on the Boards of Cinemark and Xperi, with committee member roles in audit and nominations and having chair roles in remuneration, strategic planning and technology innovation. Darcy will succeed Ray Anderson, who will step down from the role of Executive Chair at the AGM and will remain on the Board as a Non-Executive Founder Director. Tony Perkins has informed the Board that he will not seek re-election as a Director at the AGM and will step down from the Board at the conclusion of the AGM to meet increasing commitments in his consultancy business. Tony served as Senior Independent Director and Chair of the Audit and Risk Committee during a period of substantial operational and financial evolution for the business. New Risk • Apr 28
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 8.1% 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 43% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$6.9m). Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (UK£53.2m market cap, or US$71.7m). Reported Earnings • Apr 28
Full year 2025 earnings released: US$0.099 loss per share (vs US$0.048 loss in FY 2024) Full year 2025 results: US$0.099 loss per share (further deteriorated from US$0.048 loss in FY 2024). Revenue: US$52.2m (down 2.2% from FY 2024). Net loss: US$7.58m (loss widened 108% from FY 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Apr 07
Bango PLC to Report Fiscal Year 2025 Results on Apr 27, 2026 Bango PLC announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 27, 2026 New Risk • Apr 04
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 46% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (UK£46.2m market cap, or US$61.0m). Announcement • Jan 20
Bango plc Provides Earnings Guidance for the Fiscal Year 2025 Bango PLC provided earnings guidance for the fiscal year 2025. For the year, the company revenue is expected to be $52.2 million (Fiscal Year 2024: $53.4 million). Reported Earnings • Sep 16
First half 2025 earnings released: US$0.042 loss per share (vs US$0.055 loss in 1H 2024) First half 2025 results: US$0.042 loss per share (improved from US$0.055 loss in 1H 2024). Revenue: US$25.2m (up 4.9% from 1H 2024). Net loss: US$3.19m (loss narrowed 24% from 1H 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Sep 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 7.2% 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. Announcement • Aug 28
Bango PLC to Report First Half, 2025 Results on Sep 15, 2025 Bango PLC announced that they will report first half, 2025 results on Sep 15, 2025 Reported Earnings • Jun 08
Full year 2024 earnings released: US$0.047 loss per share (vs US$0.12 loss in FY 2023) Full year 2024 results: US$0.047 loss per share (improved from US$0.12 loss in FY 2023). Revenue: US$53.4m (up 16% from FY 2023). Net loss: US$3.65m (loss narrowed 59% from FY 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Jun 07
Bango PLC, Annual General Meeting, Jun 30, 2025 Bango PLC, Annual General Meeting, Jun 30, 2025. Location: bango cambridge offices, 326 cambridge science park, milton road, cb4 0wg, cambridge United Kingdom New Risk • Jun 06
New major risk - Revenue and earnings growth Earnings have declined by 58% 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 Risk Earnings have declined by 58% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (UK£67.6m market cap, or US$91.5m). Announcement • Jun 06
Bango PLC Announces Board Resignations, Effective 30 June 2025 Bango announced that Anil Malhotra and Frank Bury will not seek re-election to the Board at the Company's 2025 Annual General Meeting ("AGM") on 30 June 2025. Anil and Frank will formally step down from the Board at the conclusion of the AGM. Anil Malhotra will change from his role as Chief Marketing Officer to take on a new role, focusing on guiding Telcos and other resellers to integrate their AI strategies with the Digital Vending Machine® (DVMTM) platform, creating significant extra value for their customers. Announcement • May 29
Bango PLC to Report Fiscal Year 2024 Final Results on Jun 06, 2025 Bango PLC announced that they will report fiscal year 2024 final results at 8:00 AM, GMT Standard Time on Jun 06, 2025 New Risk • May 01
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 8.6% 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 Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (UK£73.8m market cap, or US$97.9m). 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: 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£61.5m market cap, or US$81.7m). Announcement • Feb 25
Bango Launches Super Bundling Hub The new technology is part of the latest Digital Vending Machine®? (DVM™?) product release from Bango, which is used by leading subscriptions hubs like Verizon +play and Optus SubHub. The need for this technology follows rising demand from subscribers, with research from Bango showing that 35% have lost track of how much they pay for subscriptions, while 49% are frustrated they can't manage all of their accounts and services in one place. As a result, 73% now want one single 'hub' for subscriptions. Super Bundling subscriptions hubs are increasingly used by telcos, banks and retailers to drive customer engagement, build loyalty and unlock new revenue streams, with 88% of telco leaders planning to launch a subscriptions hub. The new Digital Vending Machine CX provides the key functionality needed to deliver an all-in-one Super Bundling product, allowing telcos, banks, retailers and other businesses to: Quickly launch a branded subscriptions hub with pre-built, responsive, templates for desktop and mobile screens. Connect and offer sophisticated deals with hundreds of subscription partners including leading streaming services like Netflix, Disney+, Amazon Prime and YouTube Premium Analyze the performance of subscriptions, bundles and offers, tracking trends in activations and cancellations in real time Bango estimates that this white-label solution will save telcos and other resellers up to 18 months when developing and launching subscriptions hubs in future. The new DVM CX is one part of a wider update to the Digital Vending Machine®?, designed to make all forms of subscription bundling easier for any content provider or reseller, from end to end. Key features of the new end-to-end update include: Offeragement in cluding plan lifecycle: Effortlessly create and manage simple to complex subscription bundles with flexible pricing, discounts, and phased plans. powerful tools cut setup time from days to minutes, ensuring agility in launching and optimizing offers. Migration engine: Migrate existing, live consumer subscriptions onto a Super Bundling hub with no loss of service. Offer orchestration: Seamless, automated workflows that instantly activate subscriptions when customers select an offer. No delays, no friction - just fast, effortless onboarding. Smart top ups: Purpose built to support Top Up business models for offers, providing hassle-free subscription top-ups and renewals without interrupting the subscriber's service. Partner discovery: Explore and connect with over 100+ subscription services in the DVM ecosystem. This update is designed to break the current gridlock which is slowing down the creation and launch of subscription bundles and preventing many businesses from entering the market. New Risk • Nov 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£78.0m (US$98.2m) This is considered a minor 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 Less than 1 year of cash runway based on free cash flow trend (-US$9.4m free cash flow). Earnings have declined by 42% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£78.0m market cap, or US$98.2m). Reported Earnings • Oct 02
First half 2024 earnings released: US$0.055 loss per share (vs US$0.056 loss in 1H 2023) First half 2024 results: US$0.055 loss per share (improved from US$0.056 loss in 1H 2023). Revenue: US$24.1m (up 19% from 1H 2023). Net loss: US$4.20m (loss narrowed 1.4% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Sep 12
Bango PLC Announces Board Changes Bango PLC announced that Tony Perkins, a Non-Executive Director of the Board, has been appointed as Senior Independent Director. Tony takes over from Eric Peacock who leaves the Board on September 12, 2024 to focus on his health following a recent road traffic accident. Announcement • Aug 29
Bango PLC to Report First Half, 2024 Results on Sep 30, 2024 Bango PLC announced that they will report first half, 2024 results on Sep 30, 2024 New Risk • Aug 15
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 6.7% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-US$16m free cash flow). Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). New Risk • Jul 01
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: -US$16m 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 Risks Less than 1 year of cash runway based on free cash flow trend (-US$16m free cash flow). Earnings have declined by 20% per year over the past 5 years. Announcement • Jun 14
Bango PLC Announces Appointment of Anthony Perkins as Non-Executive Director and Chair of the Audit Committee Bango PLC announced that on 12 June 2024, Anthony (Tony) Perkins FCA, joined its Board as a Non-Executive Director. Tony has been appointed as Chair of the Audit Committee. Tony, a Chartered Accountant, is currently the Senior Independent Non-Executive Director and Chair of the Audit Committee at Yu Group PLC. He provides specialist knowledge of consumer markets through a directorship at DJ Squire & Co. Ltd, alongside other business advisory roles. Tony brings skills and experience in audit, risk management and financial reporting to the Bango Board. His early career was spent at BDO, one of the top five accounting firms, advising global clients. He was a member of the BDO leadership team where his roles included Head of the London Office and Head of National Audit. Anthony (Tony) John Perkins (aged 65) is, or has been, a Director or partner of the following companies or partnerships during the previous five years: Current directorships/partnerships: D.J. Squire & Co., Limited: Kal Portfolio Trading Company Limited (previously Yu Energy Limited); Yu Energy Holding Limited; Yu Energy Retail Limited; Yu Group plc; Yu Propco Ltd; Yu Water Limited; Yu Services Limited; Yu-Smart Limited. Previous directorships/partnerships: Bernhard & Co. Ltd. Announcement • Apr 26
Bango PLC, Annual General Meeting, May 22, 2024 Bango PLC, Annual General Meeting, May 22, 2024, at 13:00 Coordinated Universal Time. Location: 326 Cambridge Science Park, Milton Road Cambridge United Kingdom Recent Insider Transactions • Apr 19
Independent Non-Executive Director recently bought UK£52k worth of stock On the 15th of April, Frank Bury bought around 42k shares on-market at roughly UK£1.23 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£103k more in shares than they have sold in the last 12 months. Announcement • Apr 10
Bango PLC Provides Unaudited Earnings Guidance for the First Quarter of 2024 Bango PLC provided unaudited earnings guidance for the first quarter of 2024. For the quarter, the company expects revenue to grow by over 20% from the first quarter of 2023. Reported Earnings • Apr 09
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$0.12 loss per share (further deteriorated from US$0.028 loss in FY 2022). Revenue: US$46.1m (up 62% from FY 2022). Net loss: US$8.83m (loss widened 312% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 70%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. New Risk • Apr 05
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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Currently unprofitable and not forecast to become profitable next year (US$2.8m net loss next year). Market cap is less than US$100m (UK£78.3m market cap, or US$99.0m). Announcement • Mar 26
Bango PLC to Report Fiscal Year 2023 Results on Apr 08, 2024 Bango PLC announced that they will report fiscal year 2023 results on Apr 08, 2024 New Risk • Jan 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£78.7m (US$100.0m) This is considered a minor 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.8m net loss next year). Market cap is less than US$100m (UK£78.7m market cap, or US$100.0m). Major Estimate Revision • Jan 19
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$50.3m to US$46.2m. Now expected to report a loss of US$0.068 per share instead of US$0.0041 per share profit previously forecast. Software industry in the United Kingdom expected to see average net income growth of 13% next year. Consensus price target down from UK£3.28 to UK£2.20. Share price fell 41% to UK£1.08 over the past week. Price Target Changed • Jan 18
Price target decreased by 37% to UK£2.20 Down from UK£3.50, the current price target is an average from 2 analysts. New target price is 21% above last closing price of UK£1.83. Stock is down 15% over the past year. The company is forecast to post a net loss per share of US$0.068 next year compared to a net loss per share of US$0.028 last year. Announcement • Sep 20
Bango plc Announces Appointment of Darcy Antonellis, as Non-Executive Director Bango announces that Darcy Antonellis, a veteran of the US media and technology industries, has joined its Board as a Non-Executive Director. Darcy Antonellis currently serves as operating advisor at ABS Capital. She has held senior leadership positions in a range of major US businesses including Warner Bros Entertainment Inc. as President of Technical Operations and Chief Technology Officer, CBS Inc. and as CEO of media and entertainment technology provider Vubiquity Inc. (acquired by Amdocs). She serves on the Boards of Xperi Inc. and Cinemark Holdings Inc. During her career, Darcy has served in key roles during periods when world events have driven phases of rapid technology transformation. For CBS, she led operations and engineering in Saudi Arabia and Kuwait during the Gulf War, as well assuming leadership roles for the Network's coverage at successive Winter Olympic games. Darcy holds an MBA from Fordham University and a Bachelor's degree in Electrical Engineering from Temple University based in the US. She has received three Emmy awards in the areas of technology innovation (Warner Bros platform development) and production (CBS Olympics coverage). She is an SMPTE Fellow and holds various patents in the areas of digital video distribution and sound manipulation. Darcy Antonellis (aged 61) is, or has been, a director or partner of the following companies or partnerships during the previous five years: Current directorships/partnerships: Vionlabs AB, Xperi Inc. Cinemark Holdings Inc., Not2worry LLC, DMA Advisory & Assoc LLC, Previous directorships: Metaverse Acquisition Corporation, Adeia (previously Xperi Holding Corporation). Reported Earnings • Sep 19
First half 2023 earnings released: US$0.056 loss per share (vs US$0.007 loss in 1H 2022) First half 2023 results: US$0.056 loss per share (further deteriorated from US$0.007 loss in 1H 2022). Revenue: US$20.3m (up 88% from 1H 2022). Net loss: US$4.26m (loss widened US$3.76m from 1H 2022). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Sep 02
Bango PLC to Report First Half, 2023 Results on Sep 18, 2023 Bango PLC announced that they will report first half, 2023 results on Sep 18, 2023 Reported Earnings • Mar 29
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: US$0.028 loss per share (down from US$0.006 profit in FY 2021). Revenue: US$28.5m (up 38% from FY 2021). Net loss: US$2.14m (down US$2.58m from profit in FY 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 92%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 21
Founder & Executive Chairman recently sold UK£1.4m worth of stock On the 16th of February, Raymond Anderson sold around 600k shares on-market at roughly UK£2.31 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth UK£3.0m. This was Raymond's only on-market trade for the last 12 months. Recent Insider Transactions • Feb 05
Founder recently sold UK£3.0m worth of stock On the 3rd of February, Anil Malhotra sold around 1m shares on-market at roughly UK£2.26 per share. This transaction amounted to 34% 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 Anil's only on-market trade for the last 12 months. Price Target Changed • Jan 25
Price target increased by 23% to UK£3.43 Up from UK£2.80, the current price target is an average from 3 analysts. New target price is 53% above last closing price of UK£2.25. Stock is up 22% over the past year. The company is forecast to post a net loss per share of US$0.33 compared to earnings per share of US$0.0058 last year. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lisa Gansky was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
First half 2022 earnings released: US$0.007 loss per share (vs US$0.007 loss in 1H 2021) First half 2022 results: US$0.007 loss per share (in line with 1H 2021). Revenue: US$10.8m (up 8.9% from 1H 2021). Net loss: US$497.0k (loss narrowed 4.4% from 1H 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 22
Now 22% undervalued Over the last 90 days, the stock is up 7.2%. The fair value is estimated to be UK£2.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 46% per annum over the same time period. Buying Opportunity • Jul 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.5%. The fair value is estimated to be UK£2.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 43% per annum over the same time period. Buying Opportunity • Jun 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be UK£1.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 42% per annum over the same time period. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lisa Gansky was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: US$0.006 (down from US$0.014 in FY 2020). Revenue: US$20.7m (up 32% from FY 2020). Net income: US$442.0k (down 57% from FY 2020). Profit margin: 2.1% (down from 6.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 28%, compared to a 28% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 22
Independent Non-Executive Director recently bought UK£94k worth of stock On the 17th of December, Frank Bury bought around 50k shares on-market at roughly UK£1.88 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£72k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 09
First half 2021 earnings released: UK£0.005 loss per share (vs UK£0.006 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: UK£7.13m (up 50% from 1H 2020). Net loss: UK£380.0k (loss narrowed 4.3% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS UK£0.01 (vs UK£0.033 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£12.2m (up 31% from FY 2019). Net income: UK£743.0k (up UK£3.08m from FY 2019). Profit margin: 6.1% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 03
New 90-day high: UK£2.15 The company is up 31% from its price of UK£1.64 on 04 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is flat over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: UK£1.84 The company is up 17% from its price of UK£1.58 on 15 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: UK£1.80 The company is up 25% from its price of UK£1.44 on 19 August 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.