Board Change • 7h
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 Director William Jones was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 13
Eddy Smart Home Solutions Ltd., Annual General Meeting, Jun 25, 2026 Eddy Smart Home Solutions Ltd., Annual General Meeting, Jun 25, 2026. Reported Earnings • Apr 26
Full year 2025 earnings released: CA$0.46 loss per share (vs CA$1.04 loss in FY 2024) Full year 2025 results: CA$0.46 loss per share (improved from CA$1.04 loss in FY 2024). Revenue: CA$4.72m (up 25% from FY 2024). Net loss: CA$2.81m (loss narrowed 23% from FY 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Board Change • Apr 17
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 Director William Jones was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 13
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 Director William Jones was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 28
Third quarter 2025 earnings released: CA$0.012 loss per share (vs CA$0.15 loss in 3Q 2024) Third quarter 2025 results: CA$0.012 loss per share (improved from CA$0.15 loss in 3Q 2024). Revenue: CA$1.24m (up 73% from 3Q 2024). Net loss: CA$76.2k (loss narrowed 92% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2025 earnings released: CA$0.17 loss per share (vs CA$1.47 loss in 2Q 2024) Second quarter 2025 results: CA$0.17 loss per share (improved from CA$1.47 loss in 2Q 2024). Revenue: CA$1.07m (up 43% from 2Q 2024). Net loss: CA$1.01m (loss narrowed 23% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Board Change • Aug 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. 6 experienced directors. No highly experienced directors. Independent Director William Jones was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 02
First quarter 2025 earnings released: CA$0.12 loss per share (vs CA$0.59 loss in 1Q 2024) First quarter 2025 results: CA$0.12 loss per share. Revenue: CA$1.07m (up 2.5% from 1Q 2024). Net loss: CA$752.0k (loss widened 59% from 1Q 2024). Tillkännagivande • May 06
Eddy Smart Home Solutions Ltd., Annual General Meeting, Jun 27, 2025 Eddy Smart Home Solutions Ltd., Annual General Meeting, Jun 27, 2025. New Risk • Apr 04
New major risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$13.5m (US$9.54m) 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Shares are highly illiquid. Negative equity (-CA$1.4m). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$3.7m revenue, or US$2.6m). Market cap is less than US$100m (CA$13.5m market cap, or US$9.54m). New Risk • Jan 10
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 Canadian stocks, typically moving 16% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Negative equity (-CA$1.4m). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (CA$3.7m revenue, or US$2.6m). Market cap is less than US$100m (CA$14.7m market cap, or US$10.2m). New Risk • Dec 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.9m (US$9.11m) 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 Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Negative equity (-CA$1.4m). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (CA$12.9m market cap, or US$9.11m). Minor Risk Revenue is less than US$5m (CA$3.7m revenue, or US$2.6m). Reported Earnings • Nov 29
Third quarter 2024 earnings released: CA$0.15 loss per share (vs CA$2.49 loss in 3Q 2023) Third quarter 2024 results: CA$0.15 loss per share (improved from CA$2.49 loss in 3Q 2023). Revenue: CA$720.7k (down 5.6% from 3Q 2023). Net loss: CA$932.0k (loss narrowed 53% from 3Q 2023). Reported Earnings • Aug 28
Second quarter 2024 earnings released: CA$1.47 loss per share (vs CA$2.68 loss in 2Q 2023) Second quarter 2024 results: CA$1.47 loss per share (improved from CA$2.68 loss in 2Q 2023). Revenue: CA$747.5k (up 38% from 2Q 2023). Net loss: CA$1.31m (loss narrowed 38% from 2Q 2023). Tillkännagivande • Aug 09
Eddy Smart Home Solutions Ltd. Appoints Adam Bartman as Chief Operating Officer Eddy Smart Home Solutions Ltd. announced the appointment of Adam Bartman as the new Chief Operating Officer (COO). Adam Bartman as EVP of Operations has been instrumental in the company's growth and innovation. With over a decade of experience in the plumbing and mechanical industry, Adam has a deep understanding of the challenges and opportunities in this sector. His leadership and vision have been pivotal in establishing Eddy Solutions as a leader in smart water management technology. As COO, Adam will oversee the company's day-to-day operations, focusing on enhancing operational efficiency, driving strategic initiatives, and fostering a culture of continuous improvement. New Risk • Jul 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 6x increase in shares outstanding. 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 Shares are highly illiquid. Negative equity (-CA$7.0m). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (CA$12.9m market cap, or US$9.44m). Minor Risk Revenue is less than US$5m (CA$3.5m revenue, or US$2.6m). Tillkännagivande • Jul 03
Eddy Smart Home Solutions Ltd. announced that it has received CAD 8 million in funding from Shalcor Management Inc, York Plains Investment Corp On July 2, 2024, Eddy Smart Home Solutions Ltd. closed the transaction. In addition to the Silver subscription, various other officers and directors of the company, including their immediate family members, subscribed for an aggregate of 788,334 post-consolidation shares, representing aggregate gross proceeds of CAD 1,182,501 to the company. All shares sold pursuant to the Offering are subject to a four month hold period which expires on October 29, 2024. The Offering and Debt Conversion have received conditional approval from the TSXV and are subject to receipt of final approval by the TSXV. Shalcor Management Inc. acquired an aggregate of 2,572,548 post-consolidation shares under the Offering, at an issue price of CAD 1.50 per post-consolidation share for an aggregate purchase price of CAD 3,858,822. Prior to completion of the Offering, Shalcor Management Inc. directly owned 72,793 post-consolidation shares, York Plains Investment Corp., a corporation controlled by Silver directly owned 22,466 post-consolidation shares and Mark Silver directly owned 36,827 post-consolidation shares and options to acquire 10,000 post-consolidation shares. As such prior to completion of the Offering, Mark Silver directly or indirectly owned or controlled 132,086 post-consolidation shares, representing approximately 16.61% of the then issued and outstanding post-consolidation shares and options to acquire 10,000 post-consolidation shares. Following the closing of the Offering, based on the number of issued and outstanding post-consolidation shares after completing the Offering and without additional issuance or conversion of securities, Mark Silver now owns directly or indirectly 2,704,634 post-consolidation shares representing 44.13% of the current issued and outstanding post-consolidation shares. Reported Earnings • May 29
First quarter 2024 earnings released: CA$0.006 loss per share (vs CA$0.026 loss in 1Q 2023) First quarter 2024 results: CA$0.006 loss per share (improved from CA$0.026 loss in 1Q 2023). Revenue: CA$1.04m (up 11% from 1Q 2023). Net loss: CA$472.8k (loss narrowed 77% from 1Q 2023). Tillkännagivande • May 02
Eddy Smart Home Solutions Ltd. announced that it expects to receive CAD 8 million in funding Eddy Smart Home Solutions Ltd announced a non-brokered private placement to issue 5,333,333 post consolidation common shares at $1.50 per share for a gross proceeds CAD 7,999,999.5 on May 1, 2024. The transaction includes participation from existing shareholder, Mark Silver to subscribe minimum, approximately 885,787 post-consolidation common shares pursuant to the Offering, representing his current percentage holdings 16.6% of the Company. Any common shares issued under the Offering will be subject to a statutory period of four months and one day from the date of issuance. The Offering is subject to approval of the TSX Venture Exchange. Board Change • Apr 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director Paul Pathak is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Apr 06
Eddy Smart Home Solutions Ltd., Annual General Meeting, Jun 05, 2024 Eddy Smart Home Solutions Ltd., Annual General Meeting, Jun 05, 2024. Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director Paul Pathak is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 04
Third quarter 2023 earnings released: CA$0.025 loss per share (vs CA$0.032 loss in 3Q 2022) Third quarter 2023 results: CA$0.025 loss per share (improved from CA$0.032 loss in 3Q 2022). Revenue: CA$763.4k (up 10% from 3Q 2022). Net loss: CA$1.98m (loss narrowed 23% from 3Q 2022). Recent Insider Transactions • Nov 03
Executive Chairman of the Board & CEO recently bought CA$60k worth of stock On the 31st of October, Mark Silver bought around 2m shares on-market at roughly CA$0.04 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Tillkännagivande • Oct 13
Eddy Smart Home Solutions Ltd. Announces Resignation of Sajid Khan as President and Chief Operating Officer Eddy Smart Home Solutions Ltd. announced that Sajid Khan has resigned as President and Chief Operating Officer. Mr. Khan has agreed to provide transitional services for the Company. Reported Earnings • Aug 27
Second quarter 2022 earnings released Second quarter 2022 results: CA$0.035 loss per share. Net loss: CA$2.62m (flat on 2Q 2021). Board Change • Aug 09
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 Director George Krieser 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. Tillkännagivande • Aug 05
Eddy Smart Home Solutions Ltd. Elects William Jones as Board of Directors Eddy Smart Home Solutions Ltd. announced that William Jones was elected to the board of directors of the Company at the Company's annual and special shareholders' meeting held on July 26, 2022. Tillkännagivande • Jun 16
Eddy Smart Home Solutions Ltd., Annual General Meeting, Jul 26, 2022 Eddy Smart Home Solutions Ltd., Annual General Meeting, Jul 26, 2022. Tillkännagivande • May 05
Eddy Smart Home Solutions Ltd. (TSXV:EDY) completed the acquisition of Reed Controls Inc. Eddy Smart Home Solutions Ltd. (TSXV:EDY) entered into a definitive agreement to acquire Reed Controls Inc. for CAD 5.3 million on March 24, 2022. The total consideration will be paid in common shares of Eddy at a per share price of CAD 0.60 per share with an estimated 12,266,000 shares being issued. The share consideration will be subject to a twenty-four month lock-up period, provided that the share consideration will be released from the lock-up requirements on the first business day following each of the four, six, nine, twelve, fifteen, eighteen and twenty-one month anniversaries of the closing date, and such other terms, as may be imposed by the TSXV. The share consideration will also be subject to a statutory four month hold period. Upon closing of the transaction, Reed’s founders Avi Yurman and Adam Bartman will join Eddy’s leadership team, and Chief Marketing Officer Avishai Moscovich will join the Sales and Marketing team in a senior role as Vice President of Business Development. Reed has also been granted a right to nominate a director to serve on Eddy’s board of directors, and Avi Yurman will be appointed as a Board observer. Closing of the transaction remains subject to approval by the TSX Venture Exchange and other customary closing conditions. Transaction is expected to close within the next 45 days. As of May 2, 2022, the outside closing date was extended to May 17, 2022.
Eddy Smart Home Solutions Ltd. (TSXV:EDY) completed the acquisition of Reed Controls Inc. on May 4, 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. 6 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. Board Change • Jan 29
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. 6 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. 