New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-CA$4.3m). Market cap is less than US$10m (€877.8k market cap, or US$939.5k). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (45% increase in shares outstanding). Revenue is less than US$5m (CA$2.1m revenue, or US$1.5m). Recent Insider Transactions • Mar 24
Chairman & CEO recently bought €340k worth of stock On the 21st of March, Theodore Konyi bought around 3m shares on-market at roughly €0.14 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Theodore's only on-market trade for the last 12 months. Duyuru • Mar 22
ATI Airtest Technologies Inc. announced that it has received CAD 0.399552 million in funding On March 21, 2024, ATI Airtest Technologies Inc closed the transaction. The company issued 19,977,600 units at a price of CAD 0.02 per unit, for aggregate gross proceeds of CAD 399,552. The securities issued under the financing, and the shares that may be issuable on exercise of the Warrants, are subject to a hold period expiring on July 22, 2024 pursuant to applicable securities laws and the policies of the TSXV. The company has raised CAD 55,000 ($40,667) pursuant to regulation D. Duyuru • Feb 09
ATI Airtest Technologies Inc. announced that it expects to receive CAD 0.4 million in funding ATI Airtest Technologies Inc. announced a non-brokered private placement to issue 20,000,000 units at an issue price of CAD 0.20 per unit for the gross proceeds of CAD 400,000 on February 8, 2024. Each Unit will be comprised of one common share and one non-transferable share purchase warrant. Each Warrant will entitle the holder to purchase one additional Share for a period of 24 months from the closing date at an exercise price of CAD 0.05, subject to an Acceleration Provision whereby the expiry date of the Warrants may be accelerated if the daily trading price of the Shares equals or exceeds CAD 0.08 on the TSX Venture Exchange for 10 non-consecutive trading days in which event the Company may accelerate the expiry date of the Warrants by giving notice via news release and, in such case, the Warrants will expire on the 30th day after the date on which the news release is disseminated. All securities issued in connection with the Financing will be subject to a statutory hold period expiring four months and one day after closing. Completion of the Financing is subject to the approval of the Exchange. Insiders may participate in the Financing and finder’s fees may be payable to eligible finders. Reported Earnings • Nov 30
Third quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 3Q 2022) Third quarter 2023 results: CA$0.001 loss per share (improved from CA$0.002 loss in 3Q 2022). Revenue: CA$313.3k (down 30% from 3Q 2022). Net loss: CA$141.6k (loss narrowed 54% from 3Q 2022). Duyuru • Oct 19
ATI Airtest Technologies Inc., Annual General Meeting, Dec 20, 2023 ATI Airtest Technologies Inc., Annual General Meeting, Dec 20, 2023. Reported Earnings • Sep 03
Second quarter 2023 earnings released: EPS: CA$0 (vs CA$0.002 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0 (improved from CA$0.002 loss in 2Q 2022). Revenue: CA$679.0k (up 7.6% from 2Q 2022). Net loss: CA$58.4k (loss narrowed 79% from 2Q 2022). Board Change • Jul 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Bob Mebruer was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 02
First quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.002 loss in 1Q 2022) First quarter 2023 results: CA$0.002 loss per share (in line with 1Q 2022). Revenue: CA$513.4k (down 30% from 1Q 2022). Net loss: CA$393.7k (loss widened 75% from 1Q 2022). Reported Earnings • May 03
Full year 2022 earnings released: CA$0.003 loss per share (vs CA$0.013 loss in FY 2021) Full year 2022 results: CA$0.003 loss per share (improved from CA$0.013 loss in FY 2021). Revenue: CA$2.39m (up 12% from FY 2021). Net loss: CA$415.8k (loss narrowed 68% from FY 2021). Recent Insider Transactions • Feb 05
Independent Director recently bought €87k worth of stock On the 3rd of February, Robert Mebruer bought around 13m shares on-market at roughly €0.0069 per share. This transaction increased Robert's direct individual holding by 5x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €172k more in shares than they have sold in the last 12 months. Reported Earnings • Dec 01
Third quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.004 loss in 3Q 2021) Third quarter 2022 results: CA$0.002 loss per share (improved from CA$0.004 loss in 3Q 2021). Revenue: CA$447.0k (down 7.8% from 3Q 2021). Net loss: CA$306.6k (loss narrowed 17% from 3Q 2021). Duyuru • Nov 26
ATI Airtest Technologies Inc. Announces Executive Changes ATI AirTest Technologies Inc. announced that Lorne Stewart has accepted its offer to lead AirTest as President, effective January 1, 2023 and subject to signing a formal employment agreement. George Graham, the Company's Chairman and Founder, will work along side Lorne to assist in a transition of responsibilities and provide support in new initiatives to grow the company. Mr. Graham will continue to serve the Company as Chairman of its Board of Directors. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Bob Mebruer was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 22
ATI Airtest Technologies Inc., Annual General Meeting, Dec 21, 2022 ATI Airtest Technologies Inc., Annual General Meeting, Dec 21, 2022. Board Change • Oct 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Bob Mebruer was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 13
ATI Airtest Technologies Inc. Announces Resignation of Calvin Dirks from Board of Directors ATI AirTest Technologies Inc. reported that Calvin Dirks has resigned from the Board of Directors effective immediately for personal reasons. Calvin will remain as an advisor to the company. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.003 loss in 2Q 2021) Second quarter 2022 results: CA$0.002 loss per share (up from CA$0.003 loss in 2Q 2021). Revenue: CA$631.3k (up 24% from 2Q 2021). Net loss: CA$283.7k (loss narrowed 13% from 2Q 2021). Reported Earnings • May 20
Full year 2021 earnings released: CA$0.013 loss per share (vs CA$0.052 loss in FY 2020) Full year 2021 results: CA$0.013 loss per share (up from CA$0.052 loss in FY 2020). Revenue: CA$2.13m (down 20% from FY 2020). Net loss: CA$1.30m (loss narrowed 55% from FY 2020). Recent Insider Transactions • Apr 19
Independent Director recently bought €80k worth of stock On the 12th of April, Robert Mebruer bought around 2m shares on-market at roughly €0.036 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Apr 15
ATI Airtest Technologies Inc. announced that it has received CAD 1.677 million in funding from Omni Marketing Global Ltd., CCS Climate Control Systems Inc On April 13, 2022, ATI Airtest Technologies Inc. closed the transaction. The companies issued 33,540,000 units for gross proceeds of CAD 1,677,000.
The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 21 placees and insiders such as Calvin Dirks of CCS Climate Control Systems Inc for 400,000 shares , Robert Bruce Mebruer of RMB Holdings Ltd. for 2,20,000 shares and returning investor Robert Bruce Mebruer of Omni Marketing Global Ltd. for 6,80,000 shares. The transaction also included participation total pro group involvement of one placee for 1,00,000 shares. The company pays finders fees to PI Financial Corp., CAD 4,900 and 98,000 broker warrants, exercisable into common shares at eight cents per share for a two-year period. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.004 loss per share (up from CA$0.006 loss in 3Q 2020). Revenue: CA$484.7k (down 14% from 3Q 2020). Net loss: CA$366.9k (loss widened 30% from 3Q 2020). Revenue was in line with analyst estimates. Board Change • Sep 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Bob Mebruer was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Second quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CA$507.9k (down 28% from 2Q 2020). Net loss: CA$326.2k (loss widened 143% from 2Q 2020). Reported Earnings • Jun 03
First quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.004 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CA$619.9k (down 31% from 1Q 2020). Net loss: CA$388.9k (loss widened 88% from 1Q 2020). Reported Earnings • May 05
Full year 2020 earnings released: CA$0.052 loss per share (vs CA$0.006 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$2.66m (down 24% from FY 2019). Net loss: CA$2.88m (loss widened CA$2.60m from FY 2019). 