Reported Earnings • Apr 14
Full year 2025 earnings released: S$0.007 loss per share (vs S$0.014 loss in FY 2024) Full year 2025 results: S$0.007 loss per share (improved from S$0.014 loss in FY 2024). Revenue: S$10.8m (up 62% from FY 2024). Net loss: S$1.78m (loss narrowed 49% from FY 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Announcement • Apr 09
Manufacturing Integration Technology Ltd, Annual General Meeting, Apr 24, 2026 Manufacturing Integration Technology Ltd, Annual General Meeting, Apr 24, 2026, at 09:30 Singapore Standard Time. Location: sapphire suite, orchid country club, 1 orchid club road, singapore 769162, Singapore New Risk • Apr 08
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 Singaporean stocks, typically moving 14% 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 (-S$1.3m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 3.0% per year over the past 5 years. Market cap is less than US$10m (S$7.73m market cap, or US$6.07m). Reported Earnings • Mar 04
Full year 2025 earnings released: S$0.007 loss per share (vs S$0.014 loss in FY 2024) Full year 2025 results: S$0.007 loss per share (improved from S$0.014 loss in FY 2024). Revenue: S$10.8m (up 62% from FY 2024). Net loss: S$1.78m (loss narrowed 49% from FY 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Mar 04
New major risk - Revenue and earnings growth Earnings have declined by 3.0% 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 (-S$1.3m free cash flow). Earnings have declined by 3.0% per year over the past 5 years. Market cap is less than US$10m (S$7.73m market cap, or US$6.05m). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). New Risk • Feb 24
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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$2.6m free cash flow). Market cap is less than US$10m (S$8.70m market cap, or US$6.87m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (9.6% average weekly change). Reported Earnings • Apr 13
Full year 2024 earnings released Full year 2024 results: Revenue: S$6.66m (down 20% from FY 2023). Net loss: S$3.46m (flat on FY 2023). Announcement • Apr 11
Manufacturing Integration Technology Ltd, Annual General Meeting, Apr 28, 2025 Manufacturing Integration Technology Ltd, Annual General Meeting, Apr 28, 2025, at 09:30 Singapore Standard Time. Location: emerald suite, orchid country club, 1 orchid club road, singapore 769162, Singapore Reported Earnings • Feb 27
Full year 2024 earnings released: S$0.014 loss per share (vs S$0.014 loss in FY 2023) Full year 2024 results: S$0.014 loss per share (in line with FY 2023). Revenue: S$6.66m (down 20% from FY 2023). Net loss: S$3.46m (flat on FY 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. New Risk • Feb 21
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 (-S$3.3m free cash flow). Shares are highly illiquid. Market cap is less than US$10m (S$6.03m market cap, or US$4.51m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (S$5.8m revenue, or US$4.4m). Reported Earnings • Aug 07
First half 2024 earnings released: S$0.007 loss per share (vs S$0.005 loss in 1H 2023) First half 2024 results: S$0.007 loss per share (further deteriorated from S$0.005 loss in 1H 2023). Revenue: S$2.77m (down 48% from 1H 2023). Net loss: S$1.73m (loss widened 32% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Announcement • May 25
Manufacturing Integration Technology Ltd Approves Retirement of Lee Yong Guan as Independent Director, Chairman of the Audit Committee and Nominating Committee and A Member of the Remuneration Committee and Investment Committee The Annual General Meeting of Manufacturing Integration Technology Ltd. held on 26 April 2024, approved retirement of Mr. Lee Yong Guan as Director of the Company. Mr. Lee Yong Guan who had served on the Board with more than 9 years tenure and due for retirement pursuant to Article 91 of the Company Constitution. Mr. Lee did not wish to seek for re-election at this Meeting. Mr. Lee Yong Guan would, upon his retirement as an Independent Director of the Company, relinquished as Chairman of the Audit Committee and Nominating Committee and a member of the Remuneration Committee and Investment Committee. Reported Earnings • Apr 09
Full year 2023 earnings released: S$0.014 loss per share (vs S$0.009 loss in FY 2022) Full year 2023 results: S$0.014 loss per share (further deteriorated from S$0.009 loss in FY 2022). Revenue: S$8.37m (down 26% from FY 2022). Net loss: S$3.45m (loss widened 55% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Apr 04
Manufacturing Integration Technology Ltd, Annual General Meeting, Apr 26, 2024 Manufacturing Integration Technology Ltd, Annual General Meeting, Apr 26, 2024, at 09:00 Singapore Standard Time. Location: Emerald Suite, Orchid Country Club,1 Orchid Club Road Singapore Singapore Announcement • Apr 03
Manufacturing Integration Technology Ltd Announces Retirement of Lee Yong Guan as Lead Independent Director, Chairman of Audit Committee and Nominating Committee and A Member of the Remuneration Committee and Investment Committee, Effective 26 April 2024 Manufacturing Integration Technology Ltd. announced Retirement of Independent Director - MR. Lee Yong Guan. Upon his retirement from the Board at the conclusion of the annual general meeting to be held on 26 April 2024, Mr. Lee will also step down as Lead Independent Director, Chairman of Audit Committee and Nominating Committee and a member of the Remuneration Committee and Investment Committee. Other DirectorShips Present: MayBank Singapore Limited - Non Executive Director. Reported Earnings • Feb 28
Full year 2023 earnings released: S$0.014 loss per share (vs S$0.009 loss in FY 2022) Full year 2023 results: S$0.014 loss per share (further deteriorated from S$0.009 loss in FY 2022). Revenue: S$8.37m (down 26% from FY 2022). Net loss: S$3.45m (loss widened 55% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. New Risk • Feb 26
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 Less than 1 year of cash runway based on free cash flow trend (-S$2.5m free cash flow). Shares are highly illiquid. Market cap is less than US$10m (S$4.82m market cap, or US$3.59m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Jan 15
Manufacturing Integration Technology Ltd Appoints Dr Lim Ser Yong as Independent Director and Member of the Audit Committee, Nominating Committee, Remuneration Committee and Investment Committee Manufacturing Integration Technology Ltd. announced appointment of Dr Lim Ser Yong as independent director and member of the audit committee, nominating committee, remuneration committee and investment committee. Working Experience is 1) September 2023 to Current - Professor, Engineering Cluster, Singapore Institute of Technology 2) 2019 to Current: - Senior Fellow, Agency for Science Technology and Research (ASTAR), Innovation and Enterprise Division - Advisor, Urban Solutions and Sustainability (USS) I&E Programme Office 3) July 2019 to March 2022: Director, Technology Extension Partnership (TEP) Office 4) June 2020 to March 2021: Director (R&D Division), Ministry of National Development (MND), Singapore 5) 2005 to 2019: Executive Director, Singapore Institute of Manufacturing Technology (SIMTech) & ASTAR 6) July 2006 to Current: Adjunct Associate Professor, Department of Mechanical Engineering, National University of Singapore. Professional Qualifications is Ph.D in Electrical Engineering, Clemson University - Msc. in Electrical Engineering, Clemson University - Bachelor in Electrical Engineering, National University of Singapore. Appointment Date is January 15, 2024. Reported Earnings • Aug 16
First half 2023 earnings released: S$0.005 loss per share (vs S$0.004 loss in 1H 2022) First half 2023 results: S$0.005 loss per share (further deteriorated from S$0.004 loss in 1H 2022). Revenue: S$5.30m (down 9.8% from 1H 2022). Net loss: S$1.31m (loss widened 38% from 1H 2022). 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 34% per year, which means it is significantly lagging earnings. New Risk • Aug 12
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: -S$2.5m 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 (-S$2.5m free cash flow). Shares are highly illiquid. Market cap is less than US$10m (S$6.51m market cap, or US$4.81m). Announcement • Aug 04
Manufacturing Integration Technology Ltd to Report First Half, 2023 Results on Aug 14, 2023 Manufacturing Integration Technology Ltd announced that they will report first half, 2023 results on Aug 14, 2023 Reported Earnings • Apr 14
Full year 2022 earnings released Full year 2022 results: Revenue: S$11.3m (down 2.6% from FY 2021). Net loss: S$2.22m (loss narrowed 4.1% from FY 2021). Reported Earnings • Feb 26
Full year 2022 earnings released: S$0.009 loss per share (vs S$0.01 loss in FY 2021) Full year 2022 results: S$0.009 loss per share (improved from S$0.01 loss in FY 2021). Revenue: S$11.3m (down 2.6% from FY 2021). Net loss: S$2.22m (loss narrowed 4.1% from FY 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Jan 25
High number of new directors Independent Director Sow Chun Leong was the last director to join the board, commencing their role in 2023. Announcement • Jan 04
Manufacturing Integration Technology Ltd Appoints Leong Sow Chun as Independent Director The Board of Directors of the Manufacturing Integration Technology Ltd. had reviewed qualifications and experiences of Mr. Leong Sow Chun and having considered the recommendation of the Nominating Committee, the Board is of the view that Mr. Leong Sow Chun has the requisite and capabilities to assume the duties and responsibilities as the Independent Director of the Company. Mr. Leong will also be appointed as Chairman of the Remuneration Committee and a Member of the Audit Committee, Nominating Committee and Investment Committee. Job Title: Independent Director, Chairman of the Remuneration Committee and a Member of the Audit Committee, Nominating Committee and Investment Committee. Working Experience: Chief Operating Officer - Heptagon Micro Optics Pte Ltd. Senior Vice President - ams Sensors Asia Pte Ltd. Senior Executive Strategic Initiatives - Physik Instrumente. Other DirectorShips Past: Director, ams Sensors Asia Pte Ltd. Board Change • Dec 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. 1 experienced director. 2 highly experienced directors. CEO & Executive Director Chin Hong Lim was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
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. 1 experienced director. 3 highly experienced directors. CEO & Executive Director Chin Hong Lim was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$937.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. 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. 1 experienced director. 3 highly experienced directors. CEO & Executive Director Chin Hong Lim was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 17
Full year 2021 earnings released: S$0.01 loss per share (vs S$0.013 loss in FY 2020) Full year 2021 results: S$0.01 loss per share (up from S$0.013 loss in FY 2020). Revenue: S$11.6m (up 16% from FY 2020). Net loss: S$2.32m (loss narrowed 27% from FY 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Apr 13
Manufacturing Integration Technology Ltd, Annual General Meeting, Apr 28, 2022 Manufacturing Integration Technology Ltd, Annual General Meeting, Apr 28, 2022, at 09:30 Singapore Standard Time. Agenda: To discuss Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2021; to discuss Re-election of Mr Lim Chin Hong as Director pursuant to Article 91 of the company's Constitution; to discuss Re-election of Mr Pow Tien Tee as Director pursuant to Article 91 of the company's Constitution; to discuss Approval of Directors' Fees up to SGD 150,000 for the financial year ending 31 December 2022; to discuss Proposed Renewal of the Share Buy Back Mandate; to discuss Approval of Mr Pow Tien Tee's continued appointment as Independent Director in accordance with Rule 210(5)(d)(iii)(A) of the Listing Manual of the Singapore Exchange Securities Trading Limited. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: S$0.01 loss per share (up from S$0.013 loss in FY 2020). Revenue: S$11.6m (up 16% from FY 2020). Net loss: S$2.32m (loss narrowed 27% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Executive Departure • May 04
Non-Executive & Non-Independent Director has left the company On the 28th of April, Chin Tong Lim's tenure as Non-Executive & Non-Independent Director ended after 16.2 years in the role. As of December 2020, Chin Tong personally held 2.10m shares (S$166k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • May 04
Independent Director has left the company On the 28th of April, Boon Cheong Kam's tenure as Independent Director ended after 7.0 years in the role. As of December 2020, Boon Cheong personally held 1.30m shares (S$102k worth at the time). A total of 2 executives have left over the last 12 months.