New Risk • Jun 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 61% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 25
Full year 2026 earnings released: EPS: US$0.01 (vs US$0.35 loss in FY 2025) Full year 2026 results: EPS: US$0.01 (up from US$0.35 loss in FY 2025). Revenue: US$166.9m (down 9.0% from FY 2025). Net income: US$400.0k (up US$14.2m from FY 2025). Profit margin: 0.2% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 10
Dialight plc Announces Appointment of Mark Fryer to Non-Executive Director and Audit Committee Chair, Effective 1 August 2026 Dialight plc had announced that Mark Fryer has been appointed as Non-Executive Director with effect from July 16, 2026 and would be appointed Audit Committee Chair on August 1, 2026. Mark Fryer is also Chief Financial Officer of Dialight PLC. Duyuru • Jun 03
Dialight plc to Report Fiscal Year 2026 Results on Jun 23, 2026 Dialight plc announced that they will report fiscal year 2026 results on Jun 23, 2026 New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 September 2025 fiscal period end). Large one-off items impacting financial results. Board Change • May 20
High number of new directors CFO & Executive Director Mark Rupert Fryer was the last director to join the board, commencing their role in 2025. Duyuru • Oct 06
Dialight plc to Report First Half, 2026 Results on Nov 11, 2025 Dialight plc announced that they will report first half, 2026 results on Nov 11, 2025 Duyuru • Jul 14
Dialight plc, Annual General Meeting, Sep 01, 2025 Dialight plc, Annual General Meeting, Sep 01, 2025. Location: investec, 30 gresham street, ec2v 7qp, london United Kingdom Duyuru • Jul 03
Dialight plc Announces the Termination of Appointment of Richard Friend Allan as Secretary or Corporate Secretary, Effective July 1, 2025 Dialight plc announced the termination of appointment of Richard Friend Allan as Secretary or Corporate Secretary, effective July 1, 2025. Duyuru • Mar 20
Neil Johnson Assumes the Role of Executive Chair of Dialight plc Dialight plc announced that Neil Johnson has assumed the role of executive chair of the Company with immediate effect. There will be no change in Neil's responsibilities resulting from this role change. The change in role from non-executive chair to executive chair results from his participation in the Company's value creation plan, as approved by shareholders at the Company's 2024 AGM. Duyuru • Nov 04
Dialight plc to Report First Half, 2025 Results on Nov 11, 2024 Dialight plc announced that they will report first half, 2025 results on Nov 11, 2024 New Risk • Sep 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.6m (US$95.7m) 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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$160k free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€85.6m market cap, or US$95.7m). New Risk • Sep 06
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 German stocks, typically moving 6.8% 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 Risk Less than 1 year of cash runway based on free cash flow trend (-US$160k free cash flow). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Aug 05
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$160k 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 Risk Less than 1 year of cash runway based on free cash flow trend (-US$160k free cash flow). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€82.3m market cap, or US$90.0m). Duyuru • Aug 01
Leotek Electronics USA LLC acquired Dialight, Business of manufacturing signal lights used in traffic,pedestrian and railroad management from Dialight plc (LSE:DIA). Leotek Electronics USA LLC entered into an agreement to acquire Dialight, Business of manufacturing signal lights used in traffic,pedestrian and railroad management from Dialight plc (LSE:DIA) for $5.8 million on July 29, 2024. realizing gross cash proceeds of $5.8 million. After transaction and other costs, net cash proceeds are $5.5 million which will be used to reduce group indebtedness. Dialight will continue to manufacture products under licence for the acquirer for a period of up to 15 months from the completion date. Thereafter, the transaction will allow Dialight to focus management and production capacity on its core activities. The gross value of assets sold is nil and profits attributable to the Business in the twelve-month period to 31 December 2023 of nil.
Leotek Electronics USA LLC completed the acquisition of Dialight, Business of manufacturing signal lights used in traffic,pedestrian and railroad management from Dialight plc (LSE:DIA) on July 31, 2024. New Risk • Jul 31
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: UK£11m Forecast net loss in 1 year: UK£33m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (UK£33m net loss next year). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€82.4m market cap, or US$89.1m). Duyuru • Jun 15
Dialight plc, Annual General Meeting, Sep 23, 2024 Dialight plc, Annual General Meeting, Sep 23, 2024. Recent Insider Transactions • Feb 27
Non-Executive Chairman recently bought €58k worth of stock On the 26th of February, Neil Johnson bought around 34k shares on-market at roughly €1.74 per share. This transaction amounted to 53% 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 Neil's only on-market trade for the last 12 months. Reported Earnings • Feb 20
Full year 2023 earnings released: UK£0.31 loss per share (vs UK£0.012 profit in FY 2022) Full year 2023 results: UK£0.31 loss per share (down from UK£0.012 profit in FY 2022). Revenue: UK£148.8m (down 12% from FY 2022). Net loss: UK£10.8m (down UK£11.2m from profit in FY 2022). Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Electrical industry in Germany. Duyuru • Feb 19
Dialight plc Announces Director Changes Dialight plc announced that following his appointment as Chief Executive Officer of the Company, Steve Blair has stepped down as senior independent director and from all his Company board committee appointments. With immediate effect Nigel Lingwood will assume the role of senior independent director and Neil Johnson will chair the board's transformation committee. Duyuru • Feb 17
Dialight plc Announces Chief Executive Officer Changes Dialight plc announced that by mutual agreement with the Board, Fariyal Khanbabi has decided to step down as Chief Executive Officer of the Company with immediate effect. Steve Blair, currently a non-executive director of the Company, has agreed to take on the role of Chief Executive Officer. Duyuru • Feb 16
Dialight plc Announces Fariyal Khanbabi Steps Down as a Director Dialight plc announced that by mutual agreement with the Board, Fariyal Khanbabi has decided to step down as a director of the Company with immediate effect. New Risk • Nov 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€75.8m market cap, or US$81.4m). Duyuru • Sep 29
Dialight plc has completed a Follow-on Equity Offering in the amount of £10.550058 million. Dialight plc has completed a Follow-on Equity Offering in the amount of £10.550058 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 6,006,326
Price\Range: £1.59
Security Name: Shares
Security Type: Common Stock
Securities Offered: 628,931
Price\Range: £1.59
Transaction Features: Subsequent Direct Listing New Risk • Sep 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (€73.1m market cap, or US$76.9m). Reported Earnings • Sep 19
First half 2023 earnings released: UK£0.092 loss per share (vs UK£0.037 profit in 1H 2022) First half 2023 results: UK£0.092 loss per share (down from UK£0.037 profit in 1H 2022). Revenue: UK£73.2m (down 9.4% from 1H 2022). Net loss: UK£3.00m (down 350% from profit in 1H 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electrical industry in Germany. Duyuru • Aug 01
Dialight Launches New and Improved Area Light with Battery Backup Dialight launched an all-new battery backup model of its compact and versatile Area Light product. This fixture now offers even greater peace of mind for enhanced safety in harsh industrial environments, such as Refining, Mining, Pulp and Paper, Petrochemical, Metals and Steel, Water/Wastewater, General Manufacturing facilities, and more. With 'poor visibility' being a leading cause of accidents at industrial facilities, ensuring proper illumination is of paramount importance, especially in facilities where power outages can occur. Dialight's new auxiliary battery backup solution features a sleek, lower profile enclosure and can provide illumination for a minimum of 90 minutes in accordance with National Fire Protection Association (NFPA) 101(R) guidance on emergency lighting. Furthermore, it has been certified for use in a sealed enclosure to ensure maximum protection against harsh environmental conditions common in industrial settings and has been vibration tested to IEC 60068-2-6. It is compatible with all existing Dialight Area Light mounting options and at merely 20lbs is easy to install and to replace auxiliary batteries as needed. This robust, self-testing fixture contains corrosion resistant stainless steel hardware and features Dialight's 10 year warranty (excluding batteries). It is available in both Vigilant (non-hazardous location) and SafeSite (hazardous location) models and is certified to UL1598/A, UL924 and UL844. Duyuru • Jun 08
Dialight plc Announces Directorate Changes Dialight plc announced the appointment of Stephen Blair as an independent non-executive director, with effect from 7 June 2023. On appointment Steve will become a member of the Audit, Nominations and Remuneration Committees, and will also assume the roles of Remuneration Committee chair and senior independent director. Steve is a qualified electronic engineer with considerable experience in international business development - with particular focus on North American markets. He held senior roles at Invensys Process Systems as President of IPS's North American operations and as chief operating officer of Spectris plc's instrumentation and industrial controls divisions. Steve was CEO of e2v Plc, steering the group through a complex organisational transformation through to its acquisition by Teledyne Inc. in 2017. Steve was then CEO of The Ordnance Survey until retirement in 2021. Steve has also held a non-executive director role at Oxford Instruments plc where he was the senior independent director and a member of the audit, nominations and remuneration committees prior to stepping down in September 2021. Gaelle Hotellier and Gotthard Haug have notified Dialight that, after seven years and three years of service respectively, they have decided to step down from the Board with effect from 30 June 2023. Gaelle has served as a director since 3 October 2016 and will hand over the senior independent director and Remuneration Committee roles to Steve Blair. Gotthard has been a director since 1 April 2020. Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Gotthard Haug was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 16
Dialight plc Reaffirms Performance for the Year 2023 Dialight plc reaffirmed performance for the year 2023. The company remain mindful of the risk posed by the current economic uncertainty, however the company's expectations for the year remain unchanged with performance now more significantly weighted to the second half. Duyuru • May 09
Dialight plc Announces Industry Leading Aviation Obstruction Lighting System Warranty Via Its Certified Installation Program Dialight plc announced the launch of its industry leading seven-year warranty for Obstruction Lighting Solutions. Dialight's Aviation Obstruction Lighting Systems, installed by Certified Installation companies, includes an additional two years of full system warranty on top of the standard five-year warranty. Installers who participate in the Certified Installation Program (CIP) will be recognized as experts who uphold the highest levels of installation quality. In order to qualify for this program, installers must be members of the National Association of Tower Erectors (NATE). Once approved to participate in this completely free program, Dialight will come to the installer to conduct trainings, and issue a certificate to the installer that is good for two years. Tower owners will soon demand the longer warranty for their lighting systems' which will increase business opportunities for CIP installation companies. Reported Earnings • Mar 28
Full year 2022 earnings released Full year 2022 results: Revenue: UK£169.7m (up 29% from FY 2021). Net income: UK£400.0k (up 300% from FY 2021). Profit margin: 0.2% (up from 0.1% in FY 2021). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in Germany. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.86, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 24x in the Electrical industry in Germany. Total loss to shareholders of 26% over the past year. Duyuru • Dec 23
Dialight plc, Annual General Meeting, May 16, 2023 Dialight plc, Annual General Meeting, May 16, 2023. Duyuru • Dec 15
Dialight plc Announces Directorate Change, with Effect from 31 December 2022 Dialight plc announced that Karen Oliver has notified the Board that she will step down as Chair and non-executive director of the Group with effect from 31 December 2022 for personal reasons. David Thomas, Senior Independent Director, will assume the role of Chair with effect from 31 December 2022, on an interim basis, whilst the Board undertakes a search for a new Chair. The Board would like to thank Karen for her contributions and wish her well for the future. Duyuru • Nov 23
Dialight plc to Report Fiscal Year 2022 Final Results on Mar 27, 2023 Dialight plc announced that they will report fiscal year 2022 final results on Mar 27, 2023 Duyuru • Oct 26
Dialight plc Appoints Nigel Lingwood as Non-Executive Director, Board's Audit Committee (With A View to Assuming the Audit Committee Chair Role Following the 2023 Agm) and Will Also Join the Nomination and Remuneration Committees The Board of Dialight plc announced the appointment of Nigel Lingwood as a non-executive director of Dialight with effect from 1 November 2022. Nigel will join the Board's audit committee (with a view to assuming the audit committee chair role following the 2023 AGM) and will also join the nomination and remuneration committees. From 2001 to 2021 Nigel was group finance director and board director at Diploma PLC. Nigel is currently a non-executive director and chair of the audit committee of Volution Group plc. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 18% share price gain to €3.28, the stock trades at a trailing P/E ratio of 70.2x. Average forward P/E is 21x in the Electrical industry in Germany. Total loss to shareholders of 23% over the past year. Reported Earnings • Aug 02
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (flat on 1H 2021). Profit margin: (in line with 1H 2021). Over the next year, revenue is forecast to grow 14%, compared to a 16% growth forecast for the industry in Germany. Duyuru • Jun 24
Dialight plc to Report First Half, 2022 Results on Aug 01, 2022 Dialight plc announced that they will report first half, 2022 results on Aug 01, 2022 Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: UK£0.009 (vs UK£0.24 loss in FY 2020) Full year 2021 results: EPS: UK£0.009 (up from UK£0.24 loss in FY 2020). Revenue: UK£131.6m (up 11% from FY 2020). Net income: UK£100.0k (up UK£8.00m from FY 2020). Profit margin: 0.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 15% growth forecast for the industry in Germany. Duyuru • Nov 22
Dialight plc Re-Affirm Earnings Guidance for the Year 2021 Dialight plc expectations for the year 2021 remain unchanged. However, the company remain mindful of the ongoing supply chain disruptions which may continue into 2022. Executive Departure • Sep 13
Senior Independent Director Stephen Bird has left the company On the 10th of September, Stephen Bird's tenure as Senior Independent Director ended after 8.7 years in the role. As of June 2021, Stephen still personally held 41.73k shares (€153k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Jul 01
Chief Financial Officer Wai Chiang has left the company On the 30th of June, Wai Chiang's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Wai's name. A total of 2 executives have left over the last 12 months. Duyuru • Jun 22
Dialight plc(LSE:DIA) dropped from FTSE All-Share Index (GBP) Dialight plc(LSE:DIA) dropped from FTSE All-Share Index (GBP) 
