Announcement • Feb 27
Crimson Tide plc Announces Directorate and Committee Appointments Crimson Tide PLC announced the appointments of Nicky Chenery and Ira Roxburgh as Non-Executive Directors of the Company. Nicky Chenery has over 20 years' experience building go-to-market functions and scaling SaaS businesses. Most recently, Nicky has held senior leadership roles across a number of B2B organisations, including Wix, DeepL and SafetyCulture, following earlier experience at Adobe and Yell. Nicky Chenery's full married name is Nicola Suzanne Gardiner (nee Chenery). Nicky is aged 50 and has not held any directorships or partnerships in the past five years. Ira Roxburgh has over 18 years' experience in product leadership, with a strong emphasis on global product development, scaling products and maximising capital efficiency across both consumer and B2B sectors. Most recently, Ira has served as Chief Product Officer at Checkatrade and before that, Zettle by PayPal, following earlier senior product roles at Funding Circle, Expedia, Amazon and Microsoft. Ira Roxburgh's full married name is Irina Roxburgh (nee Ignatova). Ira is aged 53, is currently a director of Fieldlimit Limited and has not held any other directorships or partnerships in the past five years. Nicky and Ira will join the Company's Remuneration Committee and Audit Committee, each of which is chaired by James Joyce, Non-Executive Director of the Company. Announcement • Jan 26
Crimson Tide PLC Announces Resignation of Janet Morris as Non-Executive Director, Effective January 23, 2026 Crimson Tide PLC announced that Janet Morris has tendered her resignation as a Non-Executive Director of the Company, which will take effect immediately. The Company had already initiated a process to bring new non-executive skills to its Board and will, accordingly, accelerate that process and make a further announcement as soon as practicable. Effective date: January 23, 2026. Announcement • Oct 07
Crimson Tide plc, Annual General Meeting, Oct 31, 2025 Crimson Tide plc, Annual General Meeting, Oct 31, 2025. Location: floor 5, brockbourne house, 77 mount ephraim, tunbridge wells, tn4 8bs, United Kingdom Announcement • Jul 04
Crimson Tide plc Appoints Rachael Rowe as Finance Director, with Effect from 8 September 2025 Crimson Tide plc announced the appointment of Rachael Rowe as Finance Director of the Company with effect from 8 September 2025. Rachael has 20 years of financial experience. After qualifying as a Chartered Certified Accountant, she spent16 years working in finance roles in various sectors. Rachael joined Saga plc in 2015 and held numerous financial leadership positions over a period of seven years.Since 2022 she has been with the Richemont Group as Head of Finance focused on the global accounting and operations for Watchfinder. Peter Hurter shall step down as Finance Director and as a director of the Company on 31 August 2025. Peter will be available as a consultant to the Company for a short period of time to ensure an orderly handover and assist the Company as required. Rachael Ann Rowe (nee Brailsford) is aged 39 and does not currently hold any other directorships or partnerships and hasn't held any within the last five years. Announcement • Jun 05
Crimson Tide plc Announces Non-Executive Chair Changes Crimson Tide plc announced the appointment of Chris Fielding as Non-Executive Chair of the Company with immediate effect. Chris qualified as a Chartered Accountant at Price Waterhouse in 1982 and has over 35 years' experience working as a corporate finance adviser to small/mid cap companies quoted on AIM or the Main Market of the London Stock Exchange. Chris currently serves as part time Chief Financial Officer at 2iC-Care Limited and previously from 2010-2025 worked in Corporate Finance at WHI Ireland Limited, latterly Zeus Capital following its acquisition of the former. Concurrently he was a Non-Executive Director at AIM quoted PCI Pal PLC from 2014-2022, and Chairman from 2014-2019. Prior to this he was employed at Arden Partners PLC from 2005-2009 and Hoare Govett from 1994-2005. Following Chris' appointment, Barrie Whipp has resigned as Interim Chair and as a Director of the Company with immediate effect. Barrie will remain available to the Company as a consultant. Announcement • Mar 12
Crimson Tide Expects Listing Cancelation on AIM Effective April 08 On 11 February 2025, the Boards of Checkit plc and Crimson Tide plc announced that they had reached agreement on the terms of a recommended all-share merger pursuant to which Checkit will acquire the entire issued and to be issued share capital of Crimson Tide. The Merger is to be effected by means of a Court-sanctioned scheme of arrangement between Crimson Tide and Crimson Tide Scheme Shareholders. The Company expects Suspension of listing of, and dealings in Crimson Tide Shares 7.30 a.m. on 7 April 2025. Effective Date of the Scheme - 7 April 2025 and Cancellation of listing and admission to trading of Crimson Tide Shares on AIM by 8.00 a.m. on 8 April 2025. Board Change • Oct 11
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. 2 independent directors (4 non-independent directors). CTO & Executive Director Luke Jeffrey is the most experienced director on the board, commencing their role in 2012. Independent Non-Executive Director James Joyce was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jul 30
Crimson Tide plc Announces Board Changes Crimson Tide plc announced the following Board changes. Barrie Whipp has informed the Board that he is stepping down as Chair and Board director of the Company with effect from 30 July 2024. Jacqueline Daniell, currently Non-Executive Deputy Chair, will become Chair. Barrie will remain with the Group as an advisor to the Board. In addition, Shaun Mullen, current Group CFO, has stepped down from the Board and will remain with the Group until 31 August 2024 to ensure an orderly handover. Announcement • Jul 12
Ideagen Limited cancelled the acquisition of Crimson Tide plc (AIM:TIDE). Ideagen Limited made a conditional and non-binding proposal to acquire Crimson Tide plc (AIM:TIDE) for £20.5 million on June 14, 2024. Ideagen made a possible cash offer for the Company at a price of £3.12 per Crimson Tide share. The Board is considering the Ideagen Proposal and further updates will be provided as appropriate. This announcement is made without the consent of Ideagen and there can at this stage be no certainty that any firm offer will be made by Ideagen nor as to the terms of any firm offer. Ideagen must by no later than on 19 July 2024 (being 28 days after today's date), either announce a firm intention to make an offer for Crimson Tide or announce that it does not intend to make an offer for Crimson Tide, in which case this announcement will be treated as a statement. Cavendish Capital Markets Limited acted as advisor to Crimson Tide. Neville Registrars Limited acted as Registrar agent to Crimson.
Ideagen Limited cancelled the acquisition of Crimson Tide plc (AIM:TIDE) on July 11, 2024. Tide has today been informed that on reflection and after positive and constructive discussions between the parties Ideagen has concluded that they will not pursue an offer for Tide in view of other priorities. Accordingly, Ideagen no longer intends to make an offer for Tide. Announcement • Jun 26
Checkit Walks Away from Potential Takeover Offer for Crimson Tide Workflow management software provider Checkit plc (AIM:CKT) announced it does not plan to make a takeover offer for software developer Crimson Tide plc (AIM:TIDE). Checkit had made a GBP 12 million approach earlier in June, but noted it had been "unequivocally rejected". Under the terms of that all-share proposal, Checkit would have offered 7 shares for every one held in Crimson Tide. It then made another approach, upping the ante to nine shares, though that was also rebuffed by Crimson Tide. Crimson Tide in June also disclosed it received a competing bid proposal from Ideagen, valuing Crimson Tide at 312 pence per share. That cash bid valued Crimson Tide at around GBP 21 million. Crimson Tide shares fell 6.5% to 252.40 pence each on June 26, 2024 morning in London, giving it a market capitalisation of GBP 16.6 million. Checkit shares declined 2.4% to 22.45 pence each, giving it a market cap of GBP 24.3 million. Crimson Tide in mid-June said it was considering the offer from Ideagen, a provider of software company specializing in regulatory compliance solutions. Announcement • Jun 05
Crimson Tide plc, Annual General Meeting, Jun 27, 2024 Crimson Tide plc, Annual General Meeting, Jun 27, 2024. Location: brockbourne house, 77 mount ephraim, tn4 8bs, tunbridge wells United Kingdom Announcement • May 23
Crimson Tide plc Announces Board Changes Crimson Tide plc announced that Stephen Brewer, Non-Executive Director, has retired from the Board. The Company had prepared for Stephen's retirement with the appointment of James Joyce as a Non-Executive Director ensuring that the Crimson Tide Board composition has the relevant balance of industry, financial and regulatory expertise. James will chair the Audit Committee. Announcement • Apr 17
Crimson Tide plc Announces CEO Changes Crimson Tide plc announced that Philip ('Phil') Douglas James Meyers aged 44, will join the Board as Chief Executive Officer ("CEO"), having joined Crimson Tide's Operating Board in August 2023 as Chief Operating Officer, a role in which he has made an immediate impact. Phil is an accomplished leader in global technology companies, most recently with HiSky Limited (2019 - 2022), a leading developer and provider of satellite Internet of Things (IoT) networks where he held the role of UK CEO. He has previously held the roles of Vice President of Capabilities and Innovation at Inmarsat Global Limited (2014 - 2019), the world leader in global mobile satellite communications, and Channel Sales Manager for BlackBerry Limited (2011 - 2014). Phil has significant experience in launching and improving partner-led growth strategies in the UK and USA. He holds a Master of Business Administration from ENEB Business School. Jacqueline Daniell, the Company's current CEO, will remain on the Board and take the newly created role of Non-Executive Deputy Chair, and will focus on assisting the Company's efforts in marketing, growth and Investor Relations. Reported Earnings • Apr 17
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: UK£0.045 loss per share (improved from UK£0.19 loss in FY 2022). Revenue: UK£6.16m (up 15% from FY 2022). Net loss: UK£295.0k (loss narrowed 76% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.9% 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 41 percentage points per year, which is a significant difference in performance. New Risk • Apr 12
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (UK£10.2m market cap, or US$12.7m). Announcement • Jan 23
Crimson Tide plc Provides Earnings Guidance for the Year 2023 Crimson Tide plc provided earnings guidance for the year 2023. For the year, the company expects turnover for FY23 is expected to be £6.2 million; 15% ahead of FY22. Reported Earnings • Sep 26
First half 2023 earnings released: EPS: UK£0 (vs UK£0.001 loss in 1H 2022) First half 2023 results: EPS: UK£0 (improved from UK£0.001 loss in 1H 2022). Revenue: UK£3.04m (up 31% from 1H 2022). Net loss: UK£271.0k (loss narrowed 69% from 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.3% 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 71 percentage points per year, which is a significant difference in performance. Announcement • Sep 14
Crimson Tide plc Announces Executive Changes Crimson Tide plc announced Philip Meyers has joined the Company as Chief Operating Officer. He assumes responsibility for operational processes across the Company and has a wide-ranging remit to prepare the Company for scalable growth domestically and internationally. Philip will be reviewing processes to ensure that mpro5 can not only be provided as a full service application, but also prepare for growth through a partner model, incorporating seamless integration to software and IoT channels. Philip brings recent experience as General Manager of HiSky Limited, which provides space telecoms technology, which followed five years at Inmarsat, where he became Vice President of Technology after roles in Sales and marketing. Philip is particularly interested in Internet of Things (IoT) technology and routes to market. Ben Miller has also joined the Company as Chief Marketing Officer. Ben has experience in digital marketing and has recently worked at Loop, a firm specialising in business performance management software. Before this, Ben helped digitise the business of Glass's Information Services, where he became Head of Marketing. Announcement • May 11
Crimson Tide plc Announces Resignation of Tobias James Turness Hawkins as Sales & Marketing Director Crimson Tide Plc announces that Tobias James Turness Hawkins, Sales & Marketing Director, has resigned from the Board with immediate effect, to pursue other interests. Reported Earnings • Apr 13
Full year 2022 earnings released: UK£0.002 loss per share (vs UK£0.001 loss in FY 2021) Full year 2022 results: UK£0.002 loss per share (further deteriorated from UK£0.001 loss in FY 2021). Revenue: UK£5.35m (up 30% from FY 2021). Net loss: UK£1.14m (loss widened 86% from FY 2021). Revenue is forecast to grow 34% 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 109 percentage points per year, which is a significant difference in performance. Announcement • Jan 19
Crimson Tide plc Appoints Tony Knowles to Board as Non-Executive Director Crimson Tide plc announced that Tony Knowles joined the Board as a Non-Executive Director and are currently seeking a further Independent Non-Executive Director through a recruitment process. Price Target Changed • Nov 16
Price target increased to UK£0.05 Up from UK£0.041, the current price target is provided by 1 analyst. New target price is 144% above last closing price of UK£0.021. Stock is down 25% over the past year. The company is forecast to post a net loss per share of UK£0.002 next year compared to a net loss per share of UK£0.001 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Non-Executive Director Tony Knowles was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 27
First half 2022 earnings released: UK£0.001 loss per share (vs UK£0.001 profit in 1H 2021) First half 2022 results: UK£0.001 loss per share (down from UK£0.001 profit in 1H 2021). Revenue: UK£2.32m (up 15% from 1H 2021). Net loss: UK£860.0k (down 401% from profit in 1H 2021). Revenue is forecast to grow 35% 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, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 19
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: UK£0.001 loss per share (down from UK£0.002 profit in FY 2020). Revenue: UK£4.11m (up 16% from FY 2020). Net loss: UK£614.0k (down 184% from profit in FY 2020). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 22% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 17
Crimson Tide plc, Annual General Meeting, Jun 30, 2022 Crimson Tide plc, Annual General Meeting, Jun 30, 2022, at 10:00 Coordinated Universal Time. Location: Brockbourne House, 77 Mount Ephraim Tunbridge Wells, TN4 8BS Tunbridge Wells United Kingdom Price Target Changed • Apr 27
Price target increased to UK£0.05 Up from UK£0.041, the current price target is provided by 1 analyst. New target price is 108% above last closing price of UK£0.024. Stock is down 38% over the past year. The company is forecast to post a net loss per share of UK£0.002 next year compared to a net loss per share of UK£0.001 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Deputy Chair Jacqui Daniell was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from UK£0 to UK£0 per share. Revenue forecast of UK£5.20m unchanged since last update. Software industry in the United Kingdom expected to see average net income decline 6.6% next year. Consensus price target of UK£0.05 unchanged from last update. Share price rose 2.2% to UK£0.023 over the past week. Reported Earnings • Apr 08
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: UK£0.001 loss per share (down from UK£0.002 profit in FY 2020). Revenue: UK£4.11m (up 16% from FY 2020). Net loss: UK£607.0k (down 183% from profit in FY 2020). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 29% growth forecast for the 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 6% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Oct 18
Independent Non-Executive Director recently bought UK£50k worth of stock On the 11th of October, Jacqueline Daniell bought around 2m shares on-market at roughly UK£0.03 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Oct 01
First half 2021 earnings released: EPS UK£0.001 (vs UK£0.001 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: UK£2.02m (up 14% from 1H 2020). Net income: UK£286.0k (up 11% from 1H 2020). Profit margin: 14% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 06
Full year 2020 earnings released: EPS UK£0.002 (vs UK£0.001 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£3.54m (up 21% from FY 2019). Net income: UK£734.0k (up 109% from FY 2019). Profit margin: 21% (up from 12% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS UK£0.002 (vs UK£0.001 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£3.54m (up 21% from FY 2019). Net income: UK£734.0k (up 109% from FY 2019). Profit margin: 21% (up from 12% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
Crimson Tide plc Appoints Jacqueline Karen Daniell (Nee Hunt) as Independent Non-Executive Director Crimson Tide plc announced that it has appointed Jacqueline Karen Daniell (nee Hunt) as an Independent Non-Executive Director. Jacqueline is the Chief Executive Officer of Wey Education Plc. Announcement • Nov 18
Crimson Tide plc Announces Contract Wins Crimson Tide plc announced contract wins approaching £0.5 million which demonstrate the appeal of mpro5 across sectors and the growing traction of its Internet of Things (IoT) capabilities. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total profits of UK£508.0k, up 204% from the prior year. Total revenue was UK£3.42m over the last 12 months, up 39% from the prior year.