New Risk • May 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 8.3% 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 Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (UK£50.3m market cap, or US$68.6m). Reported Earnings • Apr 24
Full year 2025 earnings released: US$0.028 loss per share (vs US$0.017 loss in FY 2024) Full year 2025 results: US$0.028 loss per share (further deteriorated from US$0.017 loss in FY 2024). Revenue: US$123.2m (up 5.0% from FY 2024). Net loss: US$12.2m (loss widened 63% from FY 2024). Revenue is expected to decline by 8.6% p.a. on average during the next 2 years, while revenues in the Communications industry in the United Kingdom are expected to grow by 9.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 12
Full year 2025 earnings released: US$0.028 loss per share (vs US$0.017 loss in FY 2024) Full year 2025 results: US$0.028 loss per share (further deteriorated from US$0.017 loss in FY 2024). Revenue: US$123.2m (up 5.0% from FY 2024). Net loss: US$12.2m (loss widened 63% from FY 2024). Revenue is expected to decline by 8.6% p.a. on average during the next 2 years, while revenues in the Communications industry in the United Kingdom are expected to grow by 13%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. New Risk • Mar 11
New major risk - Revenue and earnings growth Earnings have declined by 81% 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 81% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£51.2m market cap, or US$68.7m). New Risk • Mar 06
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: 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£53.1m market cap, or US$70.7m). Board Change • Jan 02
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 External Director Ayala Hakim was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 06
BATM Advanced Communications Ltd., Annual General Meeting, Dec 10, 2025 BATM Advanced Communications Ltd., Annual General Meeting, Dec 10, 2025. Location: the groups registered office, 4 ha harash street, nave ne eman industrial area, p o b 7318, 4524075 hod hasharon, Israel Announcement • Oct 08
Zvi Marom entered into an agreement to acquire A.M.S. 2000 Trading Impex S.r.l from BATM Advanced Communications Ltd. (LSE:BVC) for £17.6 million. DR.Zvi Marom entered into an agreement to acquire A.M.S. 2000 Trading Impex S.r.l from BATM Advanced Communications Ltd. (LSE:BVC) for £17.6 million on October 6, 2025. Under the terms of the Sale Agreement, the Group will sell AMS to Dr. Zvi Marom, a non-executive director and significant shareholder of the Group, in exchange for his entire shareholding of 96,794,500 ordinary shares of in BATM, representing c. 22.2% of the existing issued share capital. The transaction values AMS at £17.6m, based on the closing price of the Group's Ordinary Shares. Following completion, Dr. Marom will cease to be a shareholder of the Group and will resign as a director of the Group. The completion of the sale is subject to the approval of shareholders at a general meeting and and all other legal and regulatory requirements; the Board will issue a circular to convene this general meeting in due course.
Mark Percy, Anita Ghanekar, James Thomas acted as advisor to BATM Advanced Communications. Announcement • Sep 27
BATM Advanced Communications Ltd. Announces Board and Committee Changes BATM Advanced Communications Ltd. announced that Harel Locker is retiring from his position as an external director, as defined under Israeli law, of the Group with immediate effect. Mr. Locker completes his third three-year term as an external director of BATM. External directors under Israeli law are appointed for a minimum of one three-year term, which may be extended by the company (subject to shareholder approval) for no more than two additional terms of three years each. The Board will propose the appointment of a new external director for approval by shareholders at the Group's next annual general meeting. Following Mr. Locker's retirement from the Board, Prof. Varda Shalev, an external director of BATM, will assume the role of Interim Chair of the Audit Committee and a permanent chair will be appointed in due course. Reported Earnings • Aug 19
First half 2025 earnings released: EPS: US$0.001 (vs US$0 in 1H 2024) First half 2025 results: EPS: US$0.001 (up from US$0 in 1H 2024). Revenue: US$60.4m (flat on 1H 2024). Net income: US$560.0k (up US$558.0k from 1H 2024). Profit margin: 0.9% (up from 0% in 1H 2024). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Communications 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 118 percentage points per year, which is a significant difference in performance. New Risk • Aug 18
New major risk - Revenue and earnings growth Earnings have declined by 48% 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 48% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£65.1m market cap, or US$88.1m). Announcement • Jul 24
BATM Advanced Communications Ltd. to Report First Half, 2025 Results on Aug 18, 2025 BATM Advanced Communications Ltd. announced that they will report first half, 2025 results on Aug 18, 2025 Buy Or Sell Opportunity • May 06
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to UK£0.15. The fair value is estimated to be UK£0.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 17
Full year 2024 earnings released: US$0.017 loss per share (vs US$0 in FY 2023) Full year 2024 results: US$0.017 loss per share (further deteriorated from US$0 in FY 2023). Revenue: US$117.3m (down 4.5% from FY 2023). Net loss: US$7.50m (loss widened US$7.31m from FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Communications 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 125 percentage points per year, which is a significant difference in performance. New Risk • Mar 07
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 Risk Earnings have declined by 29% per year over the past 5 years. 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£67.6m market cap, or US$87.3m). New Risk • Mar 05
New major risk - Revenue and earnings growth Earnings have declined by 29% 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 29% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£75.3m market cap, or US$96.6m). Announcement • Mar 05
BATM Advanced Communications Ltd. to Report Fiscal Year 2024 Results on Mar 17, 2025 BATM Advanced Communications Ltd. announced that they will report fiscal year 2024 results on Mar 17, 2025 Announcement • Dec 19
BATM Approves the Appointment of Shmuel Ben Zvi as Non-Executive Director of the Group BATM at its Annual General Meeting held on 19 December 2024, approved the appointment of Dr. Shmuel (Muli) Ben Zvi as a Non-executive Director of the Group with effect from the conclusion of the Meeting. Announcement • Dec 12
BATM Advanced Communications Limited Announces Commencement of Natslab Molecular Biology Platform BATM Advanced Communications Limited announced that the NATlab molecular biology platform being developed by ADOR Diagnostics ("ADOR"), an associate company of the Group, has commenced pre-clinical validation at the Lazzaro Spallanzani National Institute for Infectious Diseases in Rome, Italy. This marks a key milestone in the development of NATlab and, the Group believes, will enable initial sales as well as increase industry awareness and interest from prospective partners. The advanced NATlab molecular biology platform is a point-of-care sample-to-answer solution designed to provide rapid and accurate diagnosis of infectious disease. It uses a patented isothermal amplification method for syndromic multiplex diagnostics to be able to rapidly identify a broad range of pathogens from a single test. The commencement of the pre-clinical validation phase follows the successful completion of pre-clinical trials, which were conducted at the Tzafom Medical Center in Israel, to confirm the validity of the biological process that ADOR has developed and that it can be performed within the NATlab cartridge and analyser device. NATlab identified all negative samples and had a 97% sensitivity for the positive samples, confirming the efficacy of the system and its ability to out-perform competing solutions available in the market because of its multiplex diagnostic capability for rapid and accurate diagnosis. ADOR has now made significant progress with NATlab with the full system entering the pre-clinical validation phase at the Lazzaro Sp allanzani National Institute forinfectious Diseases in Rome, a leading centre for infectious disease research and treatment. Successful completion of the pre-clinical validation is expected to enable initial sales of the NATlab and the commencement of the regulatory process under the European Union In Vitro Diagnostic Medical Device Regulation to become eligible for sale in the EU market. In addition, following the success of the pre-clinical trials, ADOR, in collaboration with the Tzafom Medical center, has received a grant from the Israel Innovation Authority to develop a NATlab panel for the diagnosis of stomach ulcers. The total value is NIS 3.4 million (c. $1 million), which is to be granted over two years based on the achievement of milestones. Announcement • Nov 15
BATM Advanced Communications Ltd., Annual General Meeting, Dec 19, 2024 BATM Advanced Communications Ltd., Annual General Meeting, Dec 19, 2024. Location: the groups registered office, 4 ha harash street, nave ne eman industrial area, p o b 7318, 4524075 hod hasharon, Israel New Risk • Oct 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£76.8m (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 Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (UK£76.8m market cap, or US$99.7m). Reported Earnings • Aug 25
First half 2024 earnings released: EPS: US$0 (vs US$0 in 1H 2023) First half 2024 results: EPS: US$0 (in line with 1H 2023). Revenue: US$60.0m (flat on 1H 2023). Net income: US$2.0k (down 97% from 1H 2023). Profit margin: 0% (down from 0.1% in 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Communications 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 91 percentage points per year, which is a significant difference in performance. Announcement • Aug 19
BATM Advanced Communications Ltd. Provides Earnings Guidance for the Second Half of 2024 BATM Advanced Communications Ltd. provided earnings guidance for the second half of 2024. For the period, the company expects increase in revenue. New Risk • May 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£78.5m (US$99.9m) 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. This is currently the only risk that has been identified for the company. Announcement • May 03
BATM Advanced Communications Ltd. Selected for Tb Diagnostics Programme BATM announce that the Group has been selected for aprestigious programme, that is receiving funding from the European Union, for the development of an advanced tuberculosis ("TB") diagnostics solution. The Group has also been awarded a grant of €0.5 million towards the initial 18 months of the programme with the potential for additional funding to be awarded thereafter for the next stage. The Group was selected by the National Research Council of Italy (Consiglio Nazionale delle Ricerche) ("CNR") under a competitive process involving many companies and after a lengthy and detailed verification phase to participate in the programme alongside one of CNR's research institutes, the Institute for System Analysis and Computer Science (Istituto di Analisi dei Sistemi ed Informatica) ("IASI"). The Group's participation reflects its strategy to advance the BATM diagnostics division through developing advanced molecular diagnostics solutions for substantial infectious disease markets, with the global diagnostics market for TB being worth over $2 billion. It is also demonstrative of the steps that the Group is taking to drive long-term sustainable growth through investing in constant innovation to maintain the diagnostics division's technological edge. The programme is for the development of a diagnostics system, based on the Rolling Circle Amplification ("RCA") method, for the rapid identification of TB and multi-drug resistant TB. This builds on the existing work of the BATM diagnostics division for the development of a rapid, RCA-based sample-to-answer diagnostic solution for TB and multi-drug resistant TB. The programme is receiving funding from the European Regional Development Fund via the Lazio Regional Operational Program of the Lazio regional government. New Risk • Apr 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£79.0m (US$98.3m) 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 13
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0 (down from US$0.001 in FY 2022). Revenue: US$122.8m (up 5.8% from FY 2022). Net loss: US$193.0k (down 179% from profit in FY 2022). Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) were also behind analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Communications 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 54 percentage points per year, which is a significant difference in performance. Announcement • Feb 29
BATM Advanced Communications Ltd. to Report Fiscal Year 2023 Results on Mar 12, 2024 BATM Advanced Communications Ltd. announced that they will report fiscal year 2023 results on Mar 12, 2024 Reported Earnings • Sep 04
First half 2023 earnings released: EPS: US$0 (vs US$0 in 1H 2022) First half 2023 results: EPS: US$0 (in line with 1H 2022). Revenue: US$60.2m (up 4.6% from 1H 2022). Net income: US$71.0k (down 51% from 1H 2022). Profit margin: 0.1% (down from 0.3% in 1H 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Communications industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Announcement • Jul 14
BATM Advanced Communications Ltd. Appoints Ran Noy as Director of the Group BATM Advanced Communications Ltd. announced that at the AGM was held on 13 July 2023, the company approve the appointment of Ran Noy as Director of the Group, who has joined the Board with immediate effect. Board Change • Jun 28
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 External Director Varda Shalev was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 09
BATM Advanced Communications Ltd., Annual General Meeting, Jul 13, 2023 BATM Advanced Communications Ltd., Annual General Meeting, Jul 13, 2023, at 09:00 Coordinated Universal Time. Location: the Company's offices at 4 Ha'harash Street, Nave Ne'eman Industrial Area, P.O.B. 7318, 4524075 Hod Hasharon, Israel Hod HaSharon Israel Agenda: To receive the Company's audited annual accounts for the financial year ended 31 December 2022 together with the directors' report and the auditor's report on those accounts; To approve the report of the Company's Remuneration Committee for the financial year ended 31 December 2022 together with the auditor's report on the auditable part of the remuneration report; To re-appoint the auditors of the Company (Brightman Almagor Zohar & Co., a firm in the Deloitte global network) as external auditors for the 2023 financial year and to authorise the Board of Directors to fix the auditor's remuneration for such period; to consider the Election and re-election of Directors; to consider the Disapplication of pre-emption rights; and to consider other matters. Reported Earnings • Mar 07
Full year 2022 earnings released: EPS: US$0.001 (vs US$0.033 in FY 2021) Full year 2022 results: EPS: US$0.001 (down from US$0.033 in FY 2021). Revenue: US$116.1m (down 17% from FY 2021). Net income: US$244.0k (down 98% from FY 2021). Profit margin: 0.2% (down from 10% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Feb 01
BATM Advanced Communications Ltd. Announces CFO Changes BATM Advanced Communications Ltd. announced the appointment of Ran Noy as Chief Financial Officer of the Group with immediate effect. This follows the promotion of Moti Nagar, the previous CFO, to Chief Executive Officer on 1 January 2023. Mr. Noy, aged 43, has been serving as VP Finance of BATM since joining the Group in 2021. During this time, he assisted Mr. Nagar in discharging his responsibilities as CFO, including regulatory obligations with regards to the London Stock Exchange and Tel Aviv Stock Exchange. Prior to BATM, Mr. Noy spent 10 years in the finance department, latterly as Financial Reporting Manager, at ADAMA Ltd., a global agri-chem business that delivered sales of $5bn in 2021. In this role, he was responsible for ADAMA's financial reporting to the Shenzhen Stock Exchange and the Tel-Aviv Stock Exchange as well as to the management team and Board of Directors. Mr. Noy implemented and managed financial systems that covered more than 70 subsidiaries worldwide. He was also instrumental in ADAMA's listing on the Shenzhen Stock Exchange via the reverse takeover of a subsidiary of ChemChina and was responsible for the financial integration of that business. Mr. Noy is an Israeli Certified Accountant who began his career as an auditor at EY Israel. Buying Opportunity • Jan 10
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be UK£0.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 46% in 2 years. Earnings is forecast to grow by 432% in the next 2 years. Reported Earnings • Aug 24
First half 2022 earnings released: EPS: US$0 (vs US$0.027 in 1H 2021) First half 2022 results: EPS: US$0 (down from US$0.027 in 1H 2021). Revenue: US$57.5m (down 20% from 1H 2021). Net income: US$145.0k (down 99% from 1H 2021). Profit margin: 0.3% (down from 17% in 1H 2021). Over the next year, revenue is forecast to grow 35%, compared to a 20% growth forecast for the Communications industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • May 31
High number of new directors Non-Executive External Independent Director Avigdor Shafferman was the last director to join the board, commencing their role in 2022. Board Change • Apr 27
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. 4 experienced directors. 1 highly experienced director. Independent Non-Executive External Director Varda Shalev was the last 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: Insufficient board refreshment. Reported Earnings • Mar 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.033 (up from US$0.022 in FY 2020). Revenue: US$140.0m (down 24% from FY 2020). Net income: US$14.3m (up 46% from FY 2020). Profit margin: 10% (up from 5.3% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 13%, compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Jan 01
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. 5 experienced directors. 1 highly experienced director. Independent Non-Executive External Director Ari Shamiss was the last 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: Insufficient board refreshment. Board Change • Dec 02
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. 6 experienced directors. No highly experienced directors. Independent Non-Executive External Director Ari Shamiss was the last 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: Insufficient board refreshment. Reported Earnings • Aug 25
First half 2021 earnings released: EPS US$0.027 (vs US$0.004 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: US$71.4m (down 7.7% from 1H 2020). Net income: US$12.0m (up US$10.4m from 1H 2020). Profit margin: 17% (up from 2.0% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 21
Full year 2020 earnings released: EPS US$0.022 (vs US$0.009 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$183.6m (up 49% from FY 2019). Net income: US$9.79m (up 150% from FY 2019). Profit margin: 5.3% (up from 3.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS US$0.022 (vs US$0.009 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$183.6m (up 49% from FY 2019). Net income: US$9.79m (up 150% from FY 2019). Profit margin: 5.3% (up from 3.2% 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 83% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is expected to shrink by 28% compared to a 2.0% growth forecast for the Communications industry in the United Kingdom. Is New 90 Day High Low • Feb 15
New 90-day high: UK£1.12 The company is up 28% 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 Communications industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day low: UK£0.85 The company is down 36% from its price of UK£1.32 on 02 September 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.67 per share. Is New 90 Day High Low • Oct 27
New 90-day low: UK£1.05 The company is down 18% from its price of UK£1.27 on 29 July 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.49 per share.