Announcement • Jul 31
Roy Ben Yami and Ami Lustig agreed to acquire Assets from Highcon Systems Ltd. (TASE:HICN) for ILS 2.5 million. Roy Ben Yami and Ami Lustig agreed to acquire Assets from Highcon Systems Ltd. (TASE:HICN) for ILS 2.5 million on July 29, 2025. A cash consideration of ILS 2.5 million will be paid by Roy Ben Yami and Ami Lustig.
The court has approved the sale. Reported Earnings • Apr 02
Full year 2024 earnings released: US$0.63 loss per share (vs US$1.31 loss in FY 2023) Full year 2024 results: US$0.63 loss per share (improved from US$1.31 loss in FY 2023). Revenue: US$18.2m (up 117% from FY 2023). Net loss: US$13.8m (loss narrowed 43% from FY 2023). New Risk • Mar 03
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 Less than 1 year of cash runway based on free cash flow trend (-US$7.4m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-US$7.2m). Shareholders have been substantially diluted in the past year (164% increase in shares outstanding). Market cap is less than US$10m (₪12.8m market cap, or US$3.56m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Feb 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 164% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-US$7.4m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-US$7.2m). Shareholders have been substantially diluted in the past year (164% increase in shares outstanding). Market cap is less than US$10m (₪15.3m market cap, or US$4.29m). Announcement • Oct 01
Highcon Systems Ltd., Annual General Meeting, Nov 04, 2024 Highcon Systems Ltd., Annual General Meeting, Nov 04, 2024. Location: co. offices, Israel New Risk • Sep 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$7.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.4m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-US$7.2m). Shareholders have been substantially diluted in the past year (141% increase in shares outstanding). Market cap is less than US$10m (₪25.3m market cap, or US$6.92m). New Risk • Apr 11
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 Israeli stocks, typically moving 8.2% 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 (8.2% average weekly change). Negative equity (-US$3.4m). Shareholders have been substantially diluted in the past year (103% increase in shares outstanding). Market cap is less than US$10m (₪22.5m market cap, or US$6.04m). Announcement • Apr 02
Highcon Systems Ltd. has completed a Follow-on Equity Offering in the amount of ILS 3.68 million. Highcon Systems Ltd. has completed a Follow-on Equity Offering in the amount of ILS 3.68 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,439,252
Price\Range: ILS 1.07
Transaction Features: Subsequent Direct Listing Announcement • Mar 26
Highcon Announces New Digital Die Cutting Solutions with Advanced Features for Mainstream Folding Carton and Corrugated Production Highcon announced a new portfolio line-up ahead of drupa 2024, addressing the fastest-growing segments of paperboard packaging. Responding to a global market with continuously growing demand for smaller production batch sizes, faster delivery, increased sustainability and enhanced customer experience, the company's new portfolio accelerates Highcon's strategy of mainstreaming digital die cutting by focusing on productivity, efficiency and quality. The new portfolio line-up includes: For Folding Carton, the Highcon Beam 3 with opti. onal new Beam Writer for offline writing of DART foils, will allow customers to produce around 50% more per shift than with Beam 2 - while delivering higher and more consistent quality. For Corrugated Packaging and Display: The Vulcan1, a revolutionary next-generation system with 1.4 x 1.7 (55" x 66") sheet size, still under development, will enable the full benefits of digital die cutting to mainstream corrugated production. An upgrade to the Highcon Beam 2C that delivers up to 50% enhanced productivity when paired with the optional Beam Writer and facilitates the expansion of Highcon's footprint in the short- and medium-run corrugated market - especially for POS and web-to-pack. New Highcon Beam 3: The new Highcon Beam 3 has been developed to respond to the feedback of both customers and prospects over recent years. It is packed with innovations and enhancements that will allow customers to be more productive and address a broader range of applications. A converter will be able to run 10 jobs with an average run length of 1000 sheets every shift. This will typically drive an ROI for customers of less than two years in a two shift operation. The new Highcon Beam Writer, compatible with all Highcon Beam systems already installed, enables customers to create creasing rules using Highcon's proprietary DART system and 5th Generation Consumables offline. For every 100 jobs per month, Beam Writer can free up more than 16 hours of Beam capacity, or two full shifts, improving productivity and increasing capacity. The new Highcon Vulcan will enter mainstream corrugated production and address a painful gap in current solutions. It has a maximum sheet size of 1.4 x 1.7 meters (55" x 66") and supports boards up to 5mm, including microflute, B-, C-, and EB-flutes. Like all Highcon systems, Vulcan will combine true physical creasing with laser cutting, and will have a maximum throughput of 3000 full-size sheets per hour (up to7000 sqm/hr or 75,000 sqft/hr). It will have a job changeover time of 5-10 minutes. As product development started, four 'Foundation Customers' including Thimm, The BoxMaker, UDS (Poland) and Grupak (Mexico), placed deposits on Vulcan systems in 2022. In 2023, Schumacher Packaging joined the Foundation Customer program and signed an MOU to purchase 5-10 units of Vulcan from Highcon before 2030. Highcon is offering thought-leading customers the option to secure a finite number of early delivery slots. These slots will only be converted into binding orders following a successful production demo. Upgraded Highcon Beam 2CBased on a running speed that is ~15% faster3, the upgraded Highcon Beam 2C offers higher productivity for corrugated customers with faster sheet throughput. When used in conjunction with the new optional Beam Writer, it will offer corrugated customers approximately 50% higher productivity per shift for typical customer job baskets. It also includes the Digital die cutting Workflow Package (DWP) for smoother, more effective and automated integration into a site's production workflow. drupa 2024: At drupa, Highcon's booth (Hall 9, B24) will showcase its customers and their work as well as Highcon's new solution portfolio, together with samples from the breakthrough Vulcan prototype. New Risk • Mar 18
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 Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Market cap is less than US$10m (₪18.9m market cap, or US$5.17m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Feb 29
Highcon Systems Ltd. to Report Q4, 2023 Results on Feb 29, 2024 Highcon Systems Ltd. announced that they will report Q4, 2023 results on Feb 29, 2024 New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% This is considered a major 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 (16% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Market cap is less than US$10m (₪18.5m market cap, or US$4.91m). New Risk • Dec 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% This is considered a major 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 (17% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Market cap is less than US$10m (₪18.6m market cap, or US$5.12m). Announcement • Oct 25
Highcon Systems Ltd. announced that it expects to receive funding from LR Group Ltd, Jerusalem Venture Partners, Landa Ventures Ltd. and other investors Highcon Systems Ltd. announced a private placement to issue common shares on October 23, 2023. The transaction will include participation from new lead investors LR Group Ltd, Jerusalem Venture Partners, Landa Ventures Ltd. and also existing and new investors and individual investor Hamsehabev. The total value of the actual investment will only be finalized in November following the procedural steps required to complete the fund-raising, but will not be less than $2,500,000. New Risk • Jul 05
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 Israeli stocks, typically moving 10% 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 (-US$32m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 5.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₪43.0m market cap, or US$11.6m). Announcement • Dec 07
Highcon Systems Ltd. announced that it has received $8 million in funding from Sealed Air Corporation Highcon Systems Ltd. announced a private placement of convertible debt for proceeds of $8,000,000 on December 6, 2022. The transaction included participation from new investor Sealed Air Corporation. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Yosef Tene was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 31
Highcon Systems Ltd. to Report Q2, 2022 Results on Aug 30, 2022 Highcon Systems Ltd. announced that they will report Q2, 2022 results on Aug 30, 2022 Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Mar 08
New 90-day low: ₪6.51 The company is down 25% from its price of ₪8.65 on 08 December 2020. The Israeli market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 5.0% over the same period. 