New Risk • 2h
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.58b (US$10.00m) This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Market cap is less than US$10m (JP¥1.58b market cap, or US$10.00m). Reported Earnings • Feb 16
First quarter 2026 earnings released: JP¥2.40 loss per share (vs JP¥6.89 loss in 1Q 2025) First quarter 2026 results: JP¥2.40 loss per share. Revenue: JP¥346.0m (up 48% from 1Q 2025). Net loss: JP¥246.0m (loss widened 19% from 1Q 2025). Announcement • Feb 02
Pixela Corporation announced that it expects to receive ¥750 million in funding Pixela Corporation announced that it will issue 15th unsecured straight bonds for a gross proceeds of ¥750,000,000 on February 2, 2026. The transaction will include participation from returning lender, Evo Fund, a fund managed by Evolution Capital Management, LLC. The company is issuing securities through third party allotment. The bonds bear no interest and redemption amount ¥100 per ¥100 face value. The payment date is March 16, 2026, and maturity date is March 17, 2027. Announcement • Jan 06
Pixela Corporation to Report Q1, 2026 Results on Feb 13, 2026 Pixela Corporation announced that they will report Q1, 2026 results on Feb 13, 2026 New Risk • Nov 25
New major risk - Revenue and earnings growth Earnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥988m free cash flow). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 1.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (151% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥2.54b market cap, or US$16.2m). Announcement • Nov 17
Pixela Corporation, Annual General Meeting, Dec 25, 2025 Pixela Corporation, Annual General Meeting, Dec 25, 2025. Announcement • Oct 02
Pixela Corporation to Report Fiscal Year 2025 Results on Nov 14, 2025 Pixela Corporation announced that they will report fiscal year 2025 results on Nov 14, 2025 New Risk • Aug 16
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: -JP¥988m 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 (-JP¥988m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Shareholders have been substantially diluted in the past year (151% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥4.61b market cap, or US$31.3m). Reported Earnings • Aug 16
Third quarter 2025 earnings released: JP¥2.28 loss per share (vs JP¥7.77 loss in 3Q 2024) Third quarter 2025 results: JP¥2.28 loss per share (improved from JP¥7.77 loss in 3Q 2024). Revenue: JP¥288.0m (down 13% from 3Q 2024). Net loss: JP¥159.0m (loss narrowed 21% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Pixela Corporation to Report Q3, 2025 Results on Aug 14, 2025 Pixela Corporation announced that they will report Q3, 2025 results on Aug 14, 2025 Reported Earnings • May 21
Second quarter 2025 earnings released: JP¥4.57 loss per share (vs JP¥16.84 loss in 2Q 2024) Second quarter 2025 results: JP¥4.57 loss per share (improved from JP¥16.84 loss in 2Q 2024). Revenue: JP¥260.0m (down 18% from 2Q 2024). Net loss: JP¥228.0m (loss narrowed 6.2% from 2Q 2024). Announcement • Mar 29
Pixela Corporation to Report Q2, 2025 Results on May 15, 2025 Pixela Corporation announced that they will report Q2, 2025 results on May 15, 2025 Reported Earnings • Feb 16
First quarter 2025 earnings released: JP¥6.89 loss per share (vs JP¥32.88 loss in 1Q 2024) First quarter 2025 results: JP¥6.89 loss per share (improved from JP¥32.88 loss in 1Q 2024). Revenue: JP¥234.0m (down 10% from 1Q 2024). Net loss: JP¥207.0m (loss narrowed 9.2% from 1Q 2024). Announcement • Jan 17
Pixela Corporation to Report Q1, 2025 Results on Feb 14, 2025 Pixela Corporation announced that they will report Q1, 2025 results on Feb 14, 2025 New Risk • Dec 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.46b (US$9.47m) This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Shareholders have been substantially diluted in the past year (296% increase in shares outstanding). Market cap is less than US$10m (JP¥1.46b market cap, or US$9.47m). Announcement • Nov 15
Pixela Corporation, Annual General Meeting, Dec 26, 2024 Pixela Corporation, Annual General Meeting, Dec 26, 2024. Announcement • Sep 28
Pixela Corporation to Report Fiscal Year 2024 Results on Nov 14, 2024 Pixela Corporation announced that they will report fiscal year 2024 results on Nov 14, 2024 Reported Earnings • Aug 19
Third quarter 2024 earnings released: JP¥7.77 loss per share (vs JP¥75.28 loss in 3Q 2023) Third quarter 2024 results: JP¥7.77 loss per share (improved from JP¥75.28 loss in 3Q 2023). Revenue: JP¥330.0m (flat on 3Q 2023). Net loss: JP¥201.0m (loss narrowed 43% from 3Q 2023). Announcement • Jul 06
Pixela Corporation to Report Q3, 2024 Results on Aug 14, 2024 Pixela Corporation announced that they will report Q3, 2024 results on Aug 14, 2024 Reported Earnings • May 21
Second quarter 2024 earnings released: JP¥16.84 loss per share (vs JP¥117 loss in 2Q 2023) Second quarter 2024 results: JP¥16.84 loss per share (improved from JP¥117 loss in 2Q 2023). Revenue: JP¥316.0m (down 32% from 2Q 2023). Net loss: JP¥243.0m (loss narrowed 33% from 2Q 2023). Reported Earnings • Feb 17
First quarter 2024 earnings released: JP¥32.88 loss per share (vs JP¥185 loss in 1Q 2023) First quarter 2024 results: JP¥32.88 loss per share (improved from JP¥185 loss in 1Q 2023). Revenue: JP¥261.0m (down 34% from 1Q 2023). Net loss: JP¥228.0m (loss narrowed 49% from 1Q 2023). Announcement • Jan 12
Pixela Corporation to Report Q1, 2024 Results on Feb 14, 2024 Pixela Corporation announced that they will report Q1, 2024 results on Feb 14, 2024 Reported Earnings • Nov 20
Full year 2023 earnings released: JP¥3.49 loss per share (vs JP¥6.99 loss in FY 2022) Full year 2023 results: JP¥3.49 loss per share. Revenue: JP¥1.45b (down 28% from FY 2022). Net loss: JP¥1.41b (loss widened 6.2% from FY 2022). Announcement • Nov 17
Pixela Corporation, Annual General Meeting, Dec 28, 2023 Pixela Corporation, Annual General Meeting, Dec 28, 2023. Announcement • Oct 01
Pixela Corporation to Report Fiscal Year 2023 Results on Nov 14, 2023 Pixela Corporation announced that they will report fiscal year 2023 results on Nov 14, 2023 Reported Earnings • Aug 16
Third quarter 2023 earnings released: JP¥0.75 loss per share (vs JP¥1.56 loss in 3Q 2022) Third quarter 2023 results: JP¥0.75 loss per share. Revenue: JP¥330.0m (down 33% from 3Q 2022). Net loss: JP¥352.0m (loss widened 19% from 3Q 2022). Announcement • Jul 16
Pixela Corporation to Report Q3, 2023 Results on Aug 14, 2023 Pixela Corporation announced that they will report Q3, 2023 results on Aug 14, 2023 Reported Earnings • May 19
Second quarter 2023 earnings released: JP¥1.17 loss per share (vs JP¥1.98 loss in 2Q 2022) Second quarter 2023 results: JP¥1.17 loss per share. Revenue: JP¥462.0m (down 12% from 2Q 2022). Net loss: JP¥361.0m (loss widened 6.5% from 2Q 2022). Reported Earnings • Feb 16
First quarter 2023 earnings released: JP¥1.85 loss per share (vs JP¥1.82 loss in 1Q 2022) First quarter 2023 results: JP¥1.85 loss per share (further deteriorated from JP¥1.82 loss in 1Q 2022). Revenue: JP¥394.0m (down 24% from 1Q 2022). Net loss: JP¥446.0m (loss widened 43% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Jan 20
Pixela Corporation announced that it expects to receive ¥0.067 million in funding from Evolution Capital Management, LLC Pixela Corporation announced a private placement of 2,850,000 16th stock acquisition rights at an issue price of ¥0.01 per stock acquisition right for gross proceeds ¥28,500 and 3,850,000 17th stock acquisition rights at an issue price of ¥0.01 for gross proceeds of ¥38,500 for aggregate gross proceeds of ¥67,000 on January 18, 2023. The transaction will include participation from returning investor, Evo Fund, a fund managed by Evolution Capital Management, LLC. Each stock acquisition right is exercisable into 100 common share at a price of ¥2 for 16th stock acquisition rights and ¥1 for 17 stock acquisition rights and will receive proceeds of ¥955,000,000 on post exercise of stock acquisition rights. The stock acquisition rights are issued through a third party allotment method. The transaction is expected to close on February 1, 2023 for 16th stock acquisition rights and February 17, 2023 for 17th stock acquisition rights. The transaction has been approved by the board of directors of the company. Announcement • Jan 15
Pixela Corporation to Report Q1, 2023 Results on Feb 14, 2023 Pixela Corporation announced that they will report Q1, 2023 results on Feb 14, 2023 Reported Earnings • Dec 28
Full year 2022 earnings released: JP¥6.99 loss per share (vs JP¥7.13 loss in FY 2021) Full year 2022 results: JP¥6.99 loss per share. Revenue: JP¥2.01b (down 40% from FY 2021). Net loss: JP¥1.33b (loss widened 42% from FY 2021). Reported Earnings • Nov 16
Full year 2022 earnings released: JP¥6.99 loss per share (vs JP¥7.13 loss in FY 2021) Full year 2022 results: JP¥6.99 loss per share. Revenue: JP¥2.01b (down 40% from FY 2021). Net loss: JP¥1.33b (loss widened 42% from FY 2021). Announcement • Nov 16
Pixela Corporation, Annual General Meeting, Dec 23, 2022 Pixela Corporation, Annual General Meeting, Dec 23, 2022. Board Change • Nov 16
No independent 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. 3 highly experienced directors. No independent directors (5 non-independent directors). Standing Corporate Auditor Mamoru Shimada was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 23
Pixela Corporation to Report Fiscal Year 2022 Results on Nov 14, 2022 Pixela Corporation announced that they will report fiscal year 2022 results on Nov 14, 2022 Reported Earnings • Aug 14
Third quarter 2022 earnings released: JP¥1.56 loss per share (vs JP¥1.70 loss in 3Q 2021) Third quarter 2022 results: JP¥1.56 loss per share. Revenue: JP¥492.0m (down 48% from 3Q 2021). Net loss: JP¥296.0m (loss widened 23% from 3Q 2021). Announcement • Jun 29
Pixela Corporation to Report Q3, 2022 Results on Aug 12, 2022 Pixela Corporation announced that they will report Q3, 2022 results on Aug 12, 2022 Reported Earnings • May 17
Second quarter 2022 earnings released: JP¥1.98 loss per share (vs JP¥1.96 loss in 2Q 2021) Second quarter 2022 results: JP¥1.98 loss per share (down from JP¥1.96 loss in 2Q 2021). Revenue: JP¥523.0m (down 39% from 2Q 2021). Net loss: JP¥339.0m (loss widened 42% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent 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. 3 highly experienced directors. No independent directors (5 non-independent directors). Standing Corporate Auditor Mamoru Shimada was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Pixela Corporation to Report Q2, 2022 Results on May 13, 2022 Pixela Corporation announced that they will report Q2, 2022 results on May 13, 2022 Announcement • Apr 05
Pixela Corporation announced that it has received ¥501.8 million in funding from Evolution Capital Management, LLC On April 4, 2022, Pixela Corporation closed the transaction. Reported Earnings • Feb 16
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: JP¥1.82 loss per share (up from JP¥1.90 loss in 1Q 2021). Revenue: JP¥521.0m (down 41% from 1Q 2021). Net loss: JP¥311.0m (loss widened 64% from 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Full year 2021 earnings released: JP¥7.13 loss per share (vs JP¥15.56 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥3.33b (down 11% from FY 2020). Net loss: JP¥937.0m (loss narrowed 24% from FY 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Second quarter 2021 earnings released: JP¥1.96 loss per share (vs JP¥6.83 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses and improved control over expenses, although revenues were flat. Second quarter 2021 results: Revenue: JP¥850.0m (flat on 2Q 2020). Net loss: JP¥238.0m (loss narrowed 50% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
First quarter 2021 earnings released: JP¥1.90 loss per share (vs JP¥3.90 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: JP¥884.0m (down 7.4% from 1Q 2020). Net loss: JP¥190.0m (loss narrowed 26% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 09
New 90-day high: JP¥42.00 The company is up 40% from its price of JP¥30.00 on 11 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 04
New 90-day low: JP¥23.00 The company is down 23% from its price of JP¥30.00 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 11% over the same period. Announcement • Dec 30
Pixela Corporation to Report Q1, 2021 Results on Feb 12, 2021 Pixela Corporation announced that they will report Q1, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 17
New 90-day low: JP¥27.00 The company is down 13% from its price of JP¥31.00 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 17% over the same period. Announcement • Nov 15
Pixela Corporation, Annual General Meeting, Dec 25, 2020 Pixela Corporation, Annual General Meeting, Dec 25, 2020. Announcement • Oct 10
Pixela Corporation to Report Fiscal Year 2020 Results on Nov 13, 2020 Pixela Corporation announced that they will report fiscal year 2020 results on Nov 13, 2020 