Announcement • Jul 23
Mobile Tornado Group plc, Annual General Meeting, Aug 19, 2025 Mobile Tornado Group plc, Annual General Meeting, Aug 19, 2025. Location: copthall bridge, 59 station parade, harrogate, north yorkshir, england, hg1 1tt, United Kingdom New Risk • Jun 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 13% 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 Less than 1 year of cash runway based on free cash flow trend (-UK£280k free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-UK£16m). Earnings have declined by 8.9% per year over the past 5 years. Market cap is less than US$10m (UK£6.80m market cap, or US$9.34m). Minor Risk Revenue is less than US$5m (UK£2.0m revenue, or US$2.8m). Reported Earnings • Jun 13
Full year 2024 earnings released: UK£0.004 loss per share (vs UK£0.002 loss in FY 2023) Full year 2024 results: UK£0.004 loss per share (further deteriorated from UK£0.002 loss in FY 2023). Revenue: UK£2.03m (down 10% from FY 2023). Net loss: UK£1.56m (loss widened 58% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jun 12
Mobile Tornado Group plc Announces Chief Executive Officer Changes Mobile Tornado Group plc announced that Luke Wilkinson has been appointed as Chief Executive Officer with effect from 12 June 2025. Mr. Wilkinson joined the Board on 20 June 2024 and previously held the position of chief operating officer. Jeremy Fenn, having been acting chief executive officer alongside his chairman position, will now revert to the position of executive chairman. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£16m). Earnings have declined by 3.6% per year over the past 5 years. Market cap is less than US$10m (UK£6.37m market cap, or US$8.34m). 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 (9.9% average weekly change). Revenue is less than US$5m (UK£2.1m revenue, or US$2.7m). New Risk • Dec 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-UK£16m). Earnings have declined by 3.6% per year over the past 5 years. Market cap is less than US$10m (UK£6.15m market cap, or US$7.70m). Minor Risks Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Revenue is less than US$5m (UK£2.1m revenue, or US$2.6m). Announcement • Nov 06
Mobile Tornado Group plc has filed a Follow-on Equity Offering in the amount of £0.425 million. Mobile Tornado Group plc has filed a Follow-on Equity Offering in the amount of £0.425 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,250,000
Price\Range: £0.02
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 29
First half 2024 earnings released: UK£0.002 loss per share (vs UK£0.001 loss in 1H 2023) First half 2024 results: UK£0.002 loss per share (further deteriorated from UK£0.001 loss in 1H 2023). Revenue: UK£1.06m (down 16% from 1H 2023). Net loss: UK£627.0k (loss widened 13% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 3.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£16m). Earnings have declined by 3.6% per year over the past 5 years. Market cap is less than US$10m (UK£4.49m market cap, or US$6.02m). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Revenue is less than US$5m (UK£2.1m revenue, or US$2.8m). New Risk • Sep 20
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 9.4% 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 (9.4% average weekly change). Negative equity (-UK£15m). Market cap is less than US$10m (UK£4.18m market cap, or US$5.55m). Minor Risk Revenue is less than US$5m (UK£2.3m revenue, or US$3.0m). Announcement • Jul 16
Mobile Tornado Group plc, Annual General Meeting, Aug 12, 2024 Mobile Tornado Group plc, Annual General Meeting, Aug 12, 2024. Location: cardale house, cardale court, beckwith head road, hg3 1ry, harrogate United Kingdom Announcement • Jun 22
Mobile Tornado Group plc Announces Management Appointments Mobile Tornado Group plc announce that Luke Wilkinson and Marcus Emptage have been appointed to the board of the Company as Chief Operating Officer and Finance Director, respectively, with immediate effect. Mr. Wilkinson joined the Company in January 2023 as Head of Business Development. Mr. Wilkinson has significantly widened the Company's partner network and developed a sophisticated outreach programme to promote the Company's solutions to the global critical communications market. The success of this strategy has been borne out with the recent signing of a major mobile network operator in one of the Company's key target markets, as announced on 8 May 2024. Prior to joining Mobile Tornado, Luke founded Storm Intelligent Communications Limited in 2020 and currently holds a 60% interest in Storm. Storm is a UK based non-exclusive reseller of Mobile Tornado's solutions. Mr. Emptage is a chartered management accountant and has been Group Financial Controller of the Company since 2006. Luke Antony Wilkinson, aged 30, has held the following directorships and/or partnerships in the past five years: Current directorships/partnerships My Possible Self Limited Storm Intelligent Communications Limited. Marcus John Emptage is 45 years old and has not held any directorships or partnership positions during the previous five years. Reported Earnings • Jun 21
Full year 2023 earnings released: UK£0.002 loss per share (vs UK£0.004 loss in FY 2022) Full year 2023 results: UK£0.002 loss per share (improved from UK£0.004 loss in FY 2022). Revenue: UK£2.27m (flat on FY 2022). Net loss: UK£992.0k (loss narrowed 28% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. New Risk • Apr 15
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 Negative equity (-UK£15m). Market cap is less than US$10m (UK£4.18m market cap, or US$5.20m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Revenue is less than US$5m (UK£2.4m revenue, or US$3.0m). Announcement • Jan 24
Mobile Tornado Group plc Provides Earnings Guidance for the Full Year Revenues for 2023 Mobile Tornado Group plc provided earnings guidance for the full year revenues for 2023. For the period, the company's revenues are expected to be approximately £2.25 million. New Risk • Oct 16
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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£259k free cash flow). Negative equity (-UK£15m). Market cap is less than US$10m (UK£3.97m market cap, or US$4.84m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Revenue is less than US$5m (UK£2.4m revenue, or US$3.0m). Reported Earnings • Oct 01
First half 2023 earnings released: UK£0.001 loss per share (vs UK£0.002 loss in 1H 2022) First half 2023 results: UK£0.001 loss per share (improved from UK£0.002 loss in 1H 2022). Revenue: UK£1.26m (up 14% from 1H 2022). Net loss: UK£556.0k (loss narrowed 27% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. New Risk • Sep 29
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£259k 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 (-UK£259k free cash flow). Negative equity (-UK£15m). Market cap is less than US$10m (UK£5.01m market cap, or US$6.12m). Minor Risks Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Revenue is less than US$5m (UK£2.4m revenue, or US$3.0m). Announcement • Sep 22
Mobile Tornado Group plc to Report First Half, 2023 Results on Sep 28, 2023 Mobile Tornado Group plc announced that they will report first half, 2023 results on Sep 28, 2023 Announcement • Jun 02
Mobile Tornado Group plc, Annual General Meeting, Jun 27, 2023 Mobile Tornado Group plc, Annual General Meeting, Jun 27, 2023, at 08:00 Coordinated Universal Time. Location: Cardale House, Cardale Court, Beckwith Head Road Harrogate United Kingdom Reported Earnings • Apr 28
Full year 2022 earnings released: UK£0.004 loss per share (vs UK£0.002 loss in FY 2021) Full year 2022 results: UK£0.004 loss per share (further deteriorated from UK£0.002 loss in FY 2021). Revenue: UK£2.28m (down 12% from FY 2021). Net loss: UK£1.38m (loss widened 119% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Announcement • Jan 10
Mobile Tornado Announces Executives Changes Mobile Tornado announced that Avi Tooba has stepped down as CEO of the Company with immediate effect. He will remain involved with the business in a non-Board capacity, and continue to advise the Company on market technology developments, as well as assisting with existing customer relationships. Jeremy Fenn, current Executive Chairman of the Company, will assume the role of Executive Chairman and acting CEO with immediate effect and the Company will seek to further strengthen the Board in due course. Further announcements will be made at the appropriate time. Board Change • Nov 16
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. 2 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Jonathan Freeland was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 29
First half 2022 earnings released: UK£0.002 loss per share (vs UK£0.001 loss in 1H 2021) First half 2022 results: UK£0.002 loss per share (further deteriorated from UK£0.001 loss in 1H 2021). Revenue: UK£1.10m (down 13% from 1H 2021). Net loss: UK£763.0k (loss widened 114% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Announcement • Jun 01
Mobile Tornado Group plc, Annual General Meeting, Jun 29, 2022 Mobile Tornado Group plc, Annual General Meeting, Jun 29, 2022, at 08:00 Coordinated Universal Time. Location: Cardale House, Cardale Court Beckwith Head Road, Harrogate, HG3 1RY Harrogate United Kingdom Agenda: To consider appropriate amendments to the articles. 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. 2 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Jonathan Freeland was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 01
Full year 2021 earnings released: UK£0.17 loss per share (vs UK£0.003 loss in FY 2020) Full year 2021 results: UK£0.17 loss per share. Revenue: UK£2.59m (up 2.3% from FY 2020). Net loss: UK£630.0k (loss narrowed 45% from FY 2020). Announcement • Feb 01
Mobile Tornado Group plc Provides Earnings Guidance for the Year Ended 31 December 2021 Mobile Tornado Group plc provided earnings guidance for the year ended 31 December 2021. As a result, based on unaudited management accounts and subject to audit, full year revenues for 2021 are expected to be approximately £2.52 million. Reported Earnings • Oct 01
First half 2021 earnings released: UK£0.001 loss per share (vs UK£0.002 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: UK£1.27m (down 1.9% from 1H 2020). Net loss: UK£356.0k (loss narrowed 57% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: UK£0.003 loss per share (vs UK£0.002 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: UK£2.53m (down 27% from FY 2019). Net loss: UK£1.14m (loss widened 40% from FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total losses of UK£962.0k, with losses narrowing by 19% from the prior year. Total revenue was UK£3.26m over the last 12 months, largely unchanged from the prior year. Announcement • Sep 24
Mobile Tornado Group plc Deploys Track and Trace Mobile Solution Mobile Tornado announced that Hubbcat, has successfully deployed a COVID quarantine track and trace program, utilising the Company's PTT solution, with the Government of The Bahamas. The program has been designed to protect both residents and critical front-line responders whilst providing safety and security assurance to inbound travellers. The App-based quarantine system can be either downloaded directly to cellular devices or "pushed" to previously identified high-risk or vulnerable patients remotely. The application utilises the "talk/locate/alert" functionality and allows the Company's MDC2000 Dispatch Console to "geo-fence" around each required location and for alarms to be triggered should an individual breach protocol or leave their designated place of isolation. The solution enables monitoring teams to communicate instantly with quarantined individuals in order to monitor symptoms and care, with the additional benefit of knowing their exact location at any time via GPS technology. This technology eliminates the need for physical policing of quarantined individuals, saving Governments valuable resources. The system will operate for an initial period through to at least February 2021 and is currently protecting and controlling over 3,000 inhabitants. Planning is in place to roll this out further as restrictions are lifted, and the tourism market is re-launched, as the Government of Bahamas has made it mandatory for inbound travellers to download the application and adhere to quarantine protocols during their stay. Mobile Tornado will receive a license fee for each user deployed on the system.