Reported Earnings • 15h
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: UK£0.078 loss per share (further deteriorated from UK£0.051 loss in FY 2024). Revenue: UK£61.2m (down 1.3% from FY 2024). Net loss: UK£9.64m (loss widened 47% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 3.0% 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 fallen by 29% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 3.3% 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 3.3% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported May 2025 fiscal period end). Currently unprofitable and not forecast to become profitable next year (UK£1.7m net loss next year). Market cap is less than US$100m (UK£54.2m market cap, or US$73.8m). New Risk • Feb 20
New major risk - Revenue and earnings growth Earnings have declined by 3.3% 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 3.3% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.8m). Latest financial reports are more than 6 months old (reported May 2025 fiscal period end). Market cap is less than US$100m (UK£59.7m market cap, or US$80.4m). New Risk • Jan 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.8m). Latest financial reports are more than 6 months old (reported May 2025 fiscal period end). Currently unprofitable and not forecast to become profitable next year (UK£3.2m net loss next year). Market cap is less than US$100m (UK£63.7m market cap, or US$87.8m). Major Estimate Revision • Dec 24
Consensus EPS estimates fall by 125% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -UK£0.024 to -UK£0.054 per share. Revenue forecast of UK£61.0m unchanged since last update. Software industry in the United Kingdom expected to see average net income growth of 14% next year. Consensus price target of UK£1.00 unchanged from last update. Share price rose 2.7% to UK£0.39 over the past week. Major Estimate Revision • Jul 21
Consensus EPS estimates upgraded to UK£0.024 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -UK£0.027 to -UK£0.024 per share. Revenue forecast unchanged from UK£61.0m at last update. Software industry in the United Kingdom expected to see average net income growth of 13% next year. Consensus price target of UK£1.00 unchanged from last update. Share price rose 6.2% to UK£0.43 over the past week. Reported Earnings • Jul 17
First half 2025 earnings released: UK£0.032 loss per share (vs UK£0.029 loss in 1H 2024) First half 2025 results: UK£0.032 loss per share (further deteriorated from UK£0.029 loss in 1H 2024). Revenue: UK£30.1m (down 2.4% from 1H 2024). Net loss: UK£4.33m (loss widened 17% from 1H 2024). Revenue is forecast to grow 2.6% 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 increased by 6% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Jul 14
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -UK£3.8m This is considered a minor 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.8m). Currently unprofitable and not forecast to become profitable next year (UK£1.2m net loss next year). Market cap is less than US$100m (UK£54.9m market cap, or US$73.7m). Announcement • May 27
Pulsar Group plc, Annual General Meeting, May 29, 2025 Pulsar Group plc, Annual General Meeting, May 29, 2025. Location: northburgh house 10 northburgh street, ec1v 0at, london United Kingdom Reported Earnings • May 04
Full year 2024 earnings released: UK£0.059 loss per share (vs UK£0.062 loss in FY 2023) Full year 2024 results: UK£0.059 loss per share (improved from UK£0.062 loss in FY 2023). Revenue: UK£62.0m (flat on FY 2023). Net loss: UK£6.57m (loss narrowed 17% from FY 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 10% 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 10% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£48.5m market cap, or US$64.4m). Major Estimate Revision • Jan 25
Consensus EPS estimates fall by 119% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from UK£63.7m to UK£62.0m. Losses expected to increase from UK£0.026 per share to UK£0.057. Software industry in the United Kingdom expected to see average net income growth of 11% next year. Consensus price target down from UK£1.33 to UK£1.05. Share price fell 9.9% to UK£0.50 over the past week. Announcement • Jan 25
Pulsar Group plc Provides Earnings Guidance for the Financial Year 2025 Pulsar Group plc provided earnings guidance for the financial year 2025. The Board expects total revenue for the financial year to be £62.0 million, demonstrating modest constant currency growth (2023: £62.4 million reported, £61.2 million) with 96% of revenue being recurring (2023: 95%). New Risk • Jan 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 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 Less than 1 year of cash runway based on current free cash flow (-UK£3.8m). Latest financial reports are more than 6 months old (reported May 2024 fiscal period end). Currently unprofitable and not forecast to become profitable next year (UK£3.8m net loss next year). Market cap is less than US$100m (UK£69.6m market cap, or US$86.4m). Announcement • Dec 02
An undisclosed buyer acquired 20% stake in Trailight from Pulsar Group plc (AIM:PULS) for £1.4 million. An undisclosed buyer acquired 20% stake in Trailight from Pulsar Group plc (AIM:PULS) for £1.4 million on December 2, 2024. Pulsar Group p now retains a 1% shareholding in Trailight.
Marc Milmo,Sunila de Silva of Cavendish Capital Markets Limited acted as financial advisors to Pulsar Group plc.
An undisclosed buyer completed the acquisition of20% stake in Trailight from Pulsar Group plc (AIM:PULS) on December 2, 2024. New Risk • Oct 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£76.0m (US$99.7m) 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.8m). Currently unprofitable and not forecast to become profitable next year (UK£1.8m net loss next year). Market cap is less than US$100m (UK£76.0m market cap, or US$99.7m). Board Change • Sep 03
Insufficient new directors 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. 2 highly experienced directors. Senior Independent Director Sarah Vawda was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 29
Pulsar Group plc Announces the Resignation of Lisa Gilbert from the Board as Non-Executive Director Pulsar Group Plc announced that Lisa Gilbert has resigned from the Board of the Company as non-executive director to enable her to pursue new board opportunities. Her resignation is with immediate effect. Announcement • Aug 02
Pulsar Group plc Appoints Max Royde as Non-Executive Director Pulsar Group plc announced that Max Royde has been appointed to the Board as a Non-Executive Director with immediate effect. Max Royde is the managing partner and CEO of Kestrel Partners LLP. On 10 October 2000, Max Royde was appointed as a director of Hotel Buyer Limited and subsequently resigned as a director on 10 May 2005. Matthew Max Edward Royde (52 years old) has been a director or partner of the following companies during the five years. Current directorships and/or partnerships: Charles Connell & Company (Holdings) Limited; Elms Road Capital Limited; Findlay Park Partners LLP; IQGeo Group plc; Kestrel Partners LLP; Team Internet Group PLC; Track Record Holdings Limited; Trailight Ltd. Past directorships and/or partnerships: Aferian plc; Kestrel Investment Partners LLP; Ingenta plc; Tialis Essential IT PLC. Major Estimate Revision • Jul 15
Consensus EPS estimates upgraded to UK£0.026 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -UK£0.041 to -UK£0.026 per share. Revenue forecast steady at UK£64.1m. Software industry in the United Kingdom expected to see average net income growth of 7.5% next year. Consensus price target of UK£1.33 unchanged from last update. Share price was steady at UK£0.81 over the past week. Reported Earnings • Jul 10
First half 2024 earnings released: UK£0.029 loss per share (vs UK£0.04 loss in 1H 2023) First half 2024 results: UK£0.029 loss per share (improved from UK£0.04 loss in 1H 2023). Revenue: UK£30.8m (down 1.5% from 1H 2023). Net loss: UK£3.69m (loss narrowed 27% from 1H 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Jul 09
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -UK£3.8m This is considered a minor 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.8m). Currently unprofitable and not forecast to become profitable next year (UK£1.8m net loss next year). New Risk • May 27
New major risk - Revenue and earnings growth Earnings have declined by 22% 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 22% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (UK£5.2m net loss next year). Reported Earnings • May 26
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: UK£9.09 loss per share (further deteriorated from UK£0.033 loss in FY 2022). Revenue: UK£62.4m (down 5.0% from FY 2022). Net loss: UK£7.90m (loss widened 89% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 62%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 11% 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 163 percentage points per year, which is a significant difference in performance. Announcement • May 11
Pulsar Group plc, Annual General Meeting, May 31, 2024 Pulsar Group plc, Annual General Meeting, May 31, 2024. Location: the offices of cavendish, one bartholomew close, ec1a 7bl, london United Kingdom New Risk • Jan 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£4.1m). Latest financial reports are more than 6 months old (reported May 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (UK£2.4m net loss in 2 years). Market cap is less than US$100m (UK£72.1m market cap, or US$91.6m). New Risk • Jan 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% 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 14% per year for the foreseeable future. Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£4.1m). Currently unprofitable and not forecast to become profitable next year (UK£6.2m net loss next year). Market cap is less than US$100m (UK£70.2m market cap, or US$88.8m). Breakeven Date Change • Sep 03
No longer forecast to breakeven The 2 analysts covering Access Intelligence no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of UK£3.80m in 2023. New consensus forecast suggests the company will make a loss of UK£6.30m in 2023. Announcement • Jun 23
Tradingaccess Intelligence plc Provides Earnings Guidance for the Six Months Ended 31 May 2023 Access Intelligence Plc provided earnings guidance for the six months ended 31 May 2023. For the period, the company anticipates total revenue for the period to be not less than £31.3m, compared to £32.7m in H1 20221 with 95% of the Group revenue being recurring (H1 2022: 93%). Announcement • Jun 17
Access Intelligence Plc Provides Financial Guidance for the Six Months Ended 31 May 2022 Access Intelligence Plc provided financial guidance for the six months ended 31 May 2022. The Board anticipates total revenue for the period to be not less than £32.7 million, a year-on-year increase of over 195%. Reported Earnings • Jul 20
First half 2021 earnings released: UK£0.041 loss per share (vs UK£0.039 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: UK£11.0m (up 17% from 1H 2020). Net loss: UK£3.37m (loss widened 20% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Major Estimate Revision • Jul 10
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from UK£23.1m to UK£34.2m. EPS estimate unchanged from -UK£0.099 at last update. Software industry in the United Kingdom expected to see average net income decline 1.0% next year. Consensus price target of UK£1.95 unchanged from last update. Share price rose 2.1% to UK£1.20 over the past week. Major Estimate Revision • Jun 16
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from UK£23.2m to UK£28.8m. EPS estimate fell from -UK£0.074 to -UK£0.099 per share. Software industry in the United Kingdom expected to see average net income decline 1.0% next year. Consensus price target up from UK£1.65 to UK£1.93. Share price fell 7.8% to UK£1.24 over the past week. Announcement • Jun 16
Access Intelligence Plc (AIM:ACC) has entered into a Scheme Implementation Deed to acquire Isentia Group Limited (ASX:ISD) for AUD 35 million. Access Intelligence Plc (AIM:ACC) has entered into a Scheme Implementation Deed to acquire Isentia Group Limited (ASX:ISD) for AUD 35 million on June 15, 2021. The offer price is AUD 0.175 per share in cash. The Offer implies an Enterprise value of AUD 67 million for Isentia based on AUD 35.6 million equity value and AUD 32 million net debt balance as at May 31, 2021. Transaction is financed through Placing arrangements and the proceeds arising from the issuance of the 39.8 million of Placing Shares and a Subscription for 1.8 million Ordinary Shares are held to pay the Scheme Consideration for AUD 91.42 million. In related transaction, Access Intelligence Plc has entered into an agreement to acquire 19.85% stake in Isentia Group Limited from Spheria Asset Management Pty Ltd on June 15, 2021. As soon as reasonably practicable after the date of this deed, the Scheme Parties must establish an Implementation Planning Committee. A break fee of AUD 0.5 million will be payable to Access Intelligence by Isentia in certain circumstances, as well as a break fee of AUD 0.5 million will be payable to Isentia by Access Intelligence in other certain circumstance. Isentia’s Board unanimously recommends that Isentia shareholders vote in favour of the Scheme in the absence of a superior proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of Isentia shareholders. Transaction is subject to court approval, Access Intelligence shareholder approval; Isentia shareholder approval and no Isentia Prescribed Occurrence or Isentia Regulated Event. Isentia shareholders do not need to take any action at the present time. The implementation of the Scheme is subject to Isentia shareholders approving the Scheme by the required majorities. Isentia shareholders will have the opportunity to vote on the Scheme at a meeting (Scheme Meeting) expected to be held in August 2021. Subject to the conditions of the Scheme being satisfied, The Scheme is expected to be implemented in September 1, 2021. Macquarie Capital (Australia) is acting as financial adviser and Gilbert + Tobin is acting as legal adviser and Link Market Services Limited as registrar to to Isentia. Tony Damian and Cameron Sivwright of Herbert Smith Freehills acted as legal advisor to Access Intelligence Marc Milmo, Kate Bannatyne, Fergus Sullivan of FinnCap Ltd acted as financial advisor for Access Intelligence. Executive Departure • Apr 08
Non-Executive Director has left the company On the 30th of March, Michael Edward Jackson's tenure in the role of Non-Executive Director ended. As of December 2020, Michael Edward personally held 1.68m shares (UK£1.5m worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • Apr 07
Independent Non-Executive Director has left the company On the 30th of March, Jeremy Hamer's tenure as Independent Non-Executive Director ended after 3.4 years in the role. As of December 2020, Jeremy personally held 675.18k shares (UK£594k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 31
Full year 2020 earnings released: UK£0.071 loss per share (vs UK£0.034 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: UK£19.1m (up 42% from FY 2019). Net loss: UK£5.09m (loss widened 136% from FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 15
New 90-day high: UK£1.04 The company is up 18% from its price of UK£0.88 on 17 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£10.83 per share. Is New 90 Day High Low • Jan 04
New 90-day high: UK£0.91 The company is up 17% from its price of UK£0.78 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 8.0% over the same period. Announcement • Dec 16
Access Intelligence Plc Appoints Phillip Palmer as Head of Corporate Strategy Planning and Michelle Goodall as Chief Marketing Officer for the Group Access Intelligence PLC has appointed Phillip Palmer as Head of Corporate Strategy Planning and Michelle Goodall as Chief Marketing Officer for the Group. Both strategic hires are part of Access Intelligence's growth plans after a strong performance in 2020. The roles sit within Access Intelligence's senior leadership team and both will work across all the Group's brands: Vuelio, a leading media intelligence platform with monitoring, insight, engagement and evaluation tools, Pulsar, an advanced social listening and audience intelligence platform and ResponseSource, the network that connects media and influencers to the resources they need. Palmer joins from behavioural planning agency Total Media where he was head of research and insight. Michelle Goodall joins from SaaS community and messaging platform Guild, where she was Head of Marketing. Prior to that she was a consultant with clients including LOCOG (London 2012), Viacom, Direct Line and VA. Is New 90 Day High Low • Nov 05
New 90-day high: UK£0.82 The company is up 16% from its price of UK£0.71 on 07 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 21
New 90-day high: UK£0.80 The company is up 37% from its price of UK£0.58 on 23 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day high: UK£0.78 The company is up 34% from its price of UK£0.58 on 07 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 4.0% over the same period.