New Risk • Jul 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Major Estimate Revision • Jul 22
Consensus estimates of losses per share improve by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from UK£119.0m to UK£127.5m. EPS estimate increased from -UK£0.019 per share to -UK£0.016 per share. Semiconductor industry in the United Kingdom expected to see average net income growth of 46% next year. Consensus price target up from UK£0.57 to UK£0.61. Share price rose 26% to UK£0.48 over the past week. Duyuru • Jul 21
IQE plc Provides Earnings Guidance for Fiscal Year 2026 IQE plc provided earnings guidance for Fiscal Year 2026. For the year, company expected revenue growth in excess of 30% year-on-year. Board Change • Jul 06
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Senior Independent Director Ellen Carol Chesney is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Bami Bastani was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Buy Or Sell Opportunity • Jul 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 90% to UK£0.45. The fair value is estimated to be UK£0.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 77% in the next 2 years. Duyuru • Jul 01
IQE plc Announces Board Appointments, Effective July 1, 2026 IQE plc had appointed Robert Dennehy and David O'Carroll as Non-Executive Directors, effective July 1, 2026. Messrs. Dennehy and O'Carroll were appointed as MACOM Technology Solutions Inc.'s representative directors under the Board Appointment Agreement between MACOM and IQE as previously announced on May 28, 2026. Robert Dennehy had over 30 years of experience at MACOM, spanning product management, operations leadership and general management across the U.S. and Europe. He had served as MACOM's Senior Vice President and Chief Operating Officer since November 2025, having previously held the roles of Senior Vice President, Operations, Vice President, Operations and Managing Director of MACOM's Cork, Ireland subsidiary. Mr. Dennehy held an Associate's degree in Electronic Engineering and a Diploma in Business Administration from Henley Business School, London. Robert Dennehy, aged 52, held no other directorships or partnerships in the past five years. Thomas David O'Carroll, aged 51, had over 10 years of experience at MACOM, with particular expertise in international operations, finance, and government relations across Europe and Asia. He had served as MACOM's Vice President since October 2023, managing facilities in France, Japan and Ireland and overseeing MACOM's Asian operations. Mr. O'Carroll previously held the roles of Senior Director of Global Accounting Operations and International Finance Director. He was the President of the MACOM group's French subsidiary. He was also a director on the board of several international subsidiaries within the MACOM group, including MACOM TECHNOLOGY SOLUTIONS LIMITED (IRELAND), MACOM TECHNOLOGY SOLUTIONS (FRANCE) SAS, M/A-COM TECHNOLOGY SOLUTIONS (HOLDING) COMPANY LIMITED (IRELAND), M/A-COM TECHNOLOGY SOLUTIONS (INTERNATIONAL) LIMITED (IRELAND), MACOM JAPAN LIMITED, MACOM TECHNOLOGY SOLUTIONS (BANGALORE) PVT LTD (INDIA), and MACOM TECHNOLOGY SOLUTIONS (INDIA) PVT LTD. Duyuru • Jun 10
IQE plc Announces Victoria Hull Will Stand Down as Independent Non-Executive Director IQE plc announced that it had received notification from Victoria Hull, Independent Non-Executive Director, that she did not intend to stand for re-election at the Company's upcoming Annual General Meeting to be held on June 30, 2026, and accordingly would stand down as a director at the conclusion of the AGM. Victoria Hull had been an Independent Non-Executive Director with the Company for nearly 5 years and currently served as Chair of the Remuneration Committee and member of the Audit & Risk and Nominations Committees. Duyuru • Jun 04
IQE plc, Annual General Meeting, Jun 30, 2026 IQE plc, Annual General Meeting, Jun 30, 2026. Location: peel hunt llp, 7th floor, 100 liverpool st, ec2m 2at, london United Kingdom Reported Earnings • May 28
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: UK£0.038 loss per share (improved from UK£0.04 loss in FY 2024). Revenue: UK£97.3m (down 18% from FY 2024). Net loss: UK£36.7m (loss narrowed 3.9% from FY 2024). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 32% per year. Duyuru • May 28
IQE plc Provides Earnings Guidance for 2026 IQE plc provided earnings guidance for 2026. Revenue for Fiscal Year 2026 is expected to exceed 20% growth year-on-year, with strong order book visibility into H2. Duyuru • May 23
IQE plc to Report Fiscal Year 2025 Results on May 28, 2026 IQE plc announced that they will report fiscal year 2025 results on May 28, 2026 New Risk • May 21
New major risk - Revenue and earnings growth Earnings have declined by 18% 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 Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Significant insider selling over the past 3 months (UK£2.0m sold). Price Target Changed • May 21
Price target increased by 11% to UK£0.45 Up from UK£0.41, the current price target is an average from 2 analysts. New target price is 13% above last closing price of UK£0.40. Stock is up 262% over the past year. The company is forecast to post a net loss per share of UK£0.045 next year compared to a net loss per share of UK£0.04 last year. New Risk • May 06
New major risk - Revenue and earnings growth Earnings have declined by 18% 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 Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Significant insider selling over the past 3 months (UK£2.0m sold). Duyuru • Apr 30
IQE plc has completed a Follow-on Equity Offering in the amount of £11 million. IQE plc has completed a Follow-on Equity Offering in the amount of £11 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,555,555
Price\Range: £0.198
Transaction Features: Subsequent Direct Listing Duyuru • Apr 29
IQE plc has filed a Follow-on Equity Offering in the amount of £11 million. IQE plc has filed a Follow-on Equity Offering in the amount of £11 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,555,555
Price\Range: £0.198
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Apr 16
Insider recently sold UK£1.5m worth of stock On the 13th of April, Andrew Nelson sold around 3m shares on-market at roughly UK£0.49 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£2.0m more than they bought in the last 12 months. New Risk • Apr 12
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 Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Significant insider selling over the past 3 months (UK£585k sold). Duyuru • Jan 12
IQE plc Provides Earnings Guidance for the Fiscal Year 2025 IQE plc provided earnings guidance for the fiscal year 2025. For the year, The company expects performance at the upper end of the previously announced Fiscal Year 2025 forecast range, with revenue of £97 million. New Risk • Jan 09
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 British stocks, typically moving 12% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£71.8m market cap, or US$96.3m). Reported Earnings • Sep 26
First half 2025 earnings released: UK£0.027 loss per share (vs UK£0.016 loss in 1H 2024) First half 2025 results: UK£0.027 loss per share (further deteriorated from UK£0.016 loss in 1H 2024). Revenue: UK£45.3m (down 32% from 1H 2024). Net loss: UK£26.0m (loss widened 73% from 1H 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Sep 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£73.5m (US$99.5m) 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 (-UK£18m free cash flow). Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£73.5m market cap, or US$99.5m). New Risk • Sep 10
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 (-UK£18m free cash flow). Earnings have declined by 16% per year over the past 5 years. Duyuru • Sep 08
IQE plc to Report First Half, 2025 Results on Sep 23, 2025 IQE plc announced that they will report first half, 2025 results on Sep 23, 2025 Duyuru • May 27
IQE plc, Annual General Meeting, Jun 30, 2025 IQE plc, Annual General Meeting, Jun 30, 2025. Location: peel hunt llp, 7th floor, 100 liverpool st, ec2m 2at, london United Kingdom Reported Earnings • May 14
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: UK£0.04 loss per share (further deteriorated from UK£0.033 loss in FY 2023). Revenue: UK£118.0m (up 2.4% from FY 2023). Net loss: UK£38.2m (loss widened 30% from FY 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Duyuru • May 01
IQE plc to Report Fiscal Year 2024 Results on May 13, 2025 IQE plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on May 13, 2025 New Risk • Jan 28
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 British stocks, typically moving 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (UK£20m net loss in 3 years). Duyuru • Dec 20
IQE plc Announces Stepping Down of Phil Smith from the Board of Directors, Effective from January 1, 2025 IQE plc announced that Phil Smith, Non-executive Director, will step down from IQE's Board of Directors, effective from 1 January 2025. As announced on the appointment of Mark Cubitt in October 2024, Phil Smith's intention was to step down from the Board following the completion of a suitable transition period. Phil has served on the Board for nearly nine years, including five years as Chair. Major Estimate Revision • Nov 19
Consensus revenue estimates decrease by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from UK£132.8m to UK£115.0m. EPS estimate unchanged from -UK£0.026 per share at last update. Semiconductor industry in the United Kingdom expected to see average net income decline 12% next year. Consensus price target down from UK£0.49 to UK£0.35. Share price rose 3.1% to UK£0.11 over the past week. Duyuru • Nov 19
IQE plc Provides Financial Guidance for the Year Ending 31 December 2024 IQE plc provided financial guidance for the year ending 31 December 2024. Revenue for the Full Year 2024 is expected to be broadly flat year-on-year, resulting in around £115 million. Price Target Changed • Nov 18
Price target decreased by 33% to UK£0.35 Down from UK£0.52, the current price target is an average from 3 analysts. New target price is 233% above last closing price of UK£0.10. Stock is down 49% over the past year. The company is forecast to post a net loss per share of UK£0.026 next year compared to a net loss per share of UK£0.033 last year. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Mark Cubitt was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 30
Price target decreased by 18% to UK£0.42 Down from UK£0.52, the current price target is an average from 2 analysts. New target price is 266% above last closing price of UK£0.12. Stock is down 20% over the past year. The company posted a net loss per share of UK£0.033 last year. Duyuru • Oct 30
IQE plc Announces CEO Changes IQE plc announced that Americo Lemos, Chief Executive Officer, has left the Company with immediate effect. Jutta Meier will take up the position of IQE's interim CEO in addition to her CFO role. Ms Meier joined IQE in January 2024 from Intel Corporation. Duyuru • Oct 08
IQE plc Appoints Mark Cubitt to IQE's Board of Directors as an Independent Non-executive Director and Chair-Elect IQE plc announced the appointment of Mark Cubitt to IQE's Board of Directors as an independent Non-executive Director and Chair-elect. Mark will join the Boardas a Non-executive Directorwith immediate effectand is expected to take over as Chair in H1 2025 following a period of transition with the current Chair, Phil Smith. Phil will step down from the Board upon Mark assuming the chairmanship having served on the Board nearly nine years, including five years as Chair. Mark has significant experience serving in senior Non-executive and Chair roles across AIM-listed technology businesses. He is currently Non-executive Chairman of Concurrent Technologies plc, a manufacturer of embedded processor solutions, and Beeks Financial Cloud Group plc, a provider of cloud computing services for capital markets infrastructure. Mark has also held a range of senior financial roles within the technology manufacturing sector, including over seven years as CFO of Wolfson Microelectronics plc, a global leader in the supply of semiconductor chips for the digital consumer market. Price Target Changed • Sep 10
Price target decreased by 7.0% to UK£0.49 Down from UK£0.52, the current price target is an average from 3 analysts. New target price is 105% above last closing price of UK£0.24. Stock is up 39% over the past year. The company is forecast to post a net loss per share of UK£0.026 next year compared to a net loss per share of UK£0.033 last year. Duyuru • Aug 01
IQE plc has filed a Follow-on Equity Offering. IQE plc has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Transaction Features: New Market Listing Duyuru • Jun 19
Iqe plc Announces Resignation of Drew Nelson Obe from the Board of the Company IQE plc announced that Dr. Drew Nelson OBE is standing down from the Board of IQE with immediate effect. IQE's Board has retained Drew's services on a consultancy basis for a further year to provide continued expertise and support on industry-related issues. Drew plans to focus on his interests in continuing to build the South Wales Compound Semiconductor cluster, the wider UK and international semiconductor and deep tech industry, and his role as Chairman of the Advisory Board of the All Party Parliamentary Group (APPG) on Semiconductors. IQE's recently appointed Board members bring a wealth of industry experience to the Board and give Drew the opportunity to pursue his interests now that IQE is well supported in its next phase of growth. Drew has made an enormous contribution to the development of IQE, which he co-founded in 1988. From April 1999 until October 2021 he served as Group Chief Executive Officer, overseeing IQE's growth to become a global leader in compound semiconductor wafer products and services. He continued his engagement at IQE as President and a Non-Executive Director, where he has provided invaluable support to Americo as he transitioned into the CEO role. Duyuru • May 26
IQE plc, Annual General Meeting, Jun 25, 2024 IQE plc, Annual General Meeting, Jun 25, 2024. Location: peel hunt llp, 7th floor, 100 liverpool st, ec2m 2at, london United Kingdom Reported Earnings • May 26
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: UK£0.033 loss per share (improved from UK£0.093 loss in FY 2022). Revenue: UK£115.3m (down 31% from FY 2022). Net loss: UK£29.4m (loss narrowed 61% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 32% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -UK£0.019 to -UK£0.025 per share. Revenue forecast unchanged at UK£147.0m. Semiconductor industry in the United Kingdom expected to see average net income decline 5.0% next year. Consensus price target of UK£0.52 unchanged from last update. Share price rose 18% to UK£0.30 over the past week. New Risk • Apr 11
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 British stocks, typically moving 12% 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 (-UK£12m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£18m net loss in 3 years). Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Apr 10
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: UK£0.033 loss per share (improved from UK£0.093 loss in FY 2022). Revenue: UK£115.3m (down 31% from FY 2022). Net loss: UK£29.4m (loss narrowed 61% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Duyuru • Apr 04
IQE plc to Report Fiscal Year 2023 Results on Apr 10, 2024 IQE plc announced that they will report fiscal year 2023 results on Apr 10, 2024 Board Change • Feb 19
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Bami Bastani was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Duyuru • Nov 29
IQE plc Announces Board Changes IQE plc announced the appointment of Bamdad ("Bami") Bastani and Maria Marced, two veteran semiconductor industry leaders, to IQE's Board of Directors as independent Non-Executive Directors. Their appointments will be effective from 1 January 2024, at which time Sir Derek Jones KCB will step down from the Board. Bami Bastani joins with a wealth of experience in the semiconductor industry, having spent seven years at GlobalFoundries, first as Senior VP and GM of the Mobile & Wireless Infrastructure Business Unit and then Senior VP and Senior Advisor to the CEO. Bami also spent seven years as a board member of the Global Semiconductor Alliance (GSA) and has held President and CEO roles at Meru Networks, Trident Microsystems and ANADIGICS. Maria Marced is currently the President of Taiwan Semiconductor Manufacturing Company ("TSMC") Europe, a role she has held for over 16 years. Prior to that, Maria held Senior Vice President roles at NXP Semiconductors and spent 19 years as Vice President and EMEA General Manager at Intel Corp. Sir Derek Jones KCB will step down as a Non-Executive Director on 1 January 2024, having joined the IQE Board in December 2017. Sir Derek has been an integral part of IQE's Board during his time. Recent Insider Transactions • Nov 17
CEO & Director recently bought UK£234k worth of stock On the 9th of November, Americo Lemos bought around 1m shares on-market at roughly UK£0.17 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 Americo's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 17
CEO & Director recently bought UK£234k worth of stock On the 9th of November, Americo Lemos bought around 1m shares on-market at roughly UK£0.17 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 Americo's only on-market trade for the last 12 months. New Risk • Nov 12
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 British stocks, typically moving 7.3% 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 (-UK£17m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (UK£19m net loss in 2 years). Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Sep 17
First half 2023 earnings released: UK£0.026 loss per share (vs UK£0.01 loss in 1H 2022) First half 2023 results: UK£0.026 loss per share (further deteriorated from UK£0.01 loss in 1H 2022). Revenue: UK£52.0m (down 40% from 1H 2022). Net loss: UK£21.3m (loss widened 158% from 1H 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Duyuru • Sep 12
IQE plc Provides Financial Guidance for the Second Half of 2023 IQE plc provided financial guidance for the second half of 2023. The Group anticipated double digit revenue growth in second half of 2023 versus first half of 2023. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from UK£136.5m to UK£123.7m. Losses expected to increase from UK£0.021 per share to UK£0.026. Semiconductor industry in the United Kingdom expected to see average net income growth of 8.8% next year. Consensus price target of UK£0.48 unchanged from last update. Share price fell 6.5% to UK£0.17 over the past week. Price Target Changed • Jul 10
Price target decreased by 7.9% to UK£0.48 Down from UK£0.52, the current price target is an average from 5 analysts. New target price is 142% above last closing price of UK£0.20. Stock is down 45% over the past year. The company is forecast to post a net loss per share of UK£0.021 next year compared to a net loss per share of UK£0.093 last year. New Risk • Jul 03
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: -UK£12m 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 (-UK£12m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (UK£20m net loss in 3 years). Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Duyuru • Jun 30
IQE plc Appoints Harmesh Suniara to the Board as Non-Executive Director IQE plc announced the appointment of Harmesh Suniara to the Board as a Non-executive Director, with immediate effect, as a representative of funds or accounts managed on a discretionary basis by Lombard Odier Asset Management. Harmesh has over 15 years' experience of working in investment management, with a particular focus on UK small and mid-cap equities including the technology and life sciences sectors. He brings a wealth of expertise in active engagement with companies that Lombard Odier has invested in. Since 2017 he has worked as a Portfolio Manager at Lombard Odier 1798 Volantis, and prior to this he was an Investment Manager at Henderson Volantis Capital and Gartmore Investment Management. Lombard Odier 1798 Volantis is a major shareholder in IQE. Duyuru • Jun 13
IQE plc Appoints Peter Rabbeni as Senior Vice President IQE plc has appointed Peter Rabbeni as Senior Vice President, Communications Infrastructure and Security Business Unit. In this role, Peter will lead IQE's expansion within the communications infrastructure, data centre, and aerospace and security markets. Peter brings decades of experience in the semiconductor industry to IQE. He has significant executive experience in business development and sales across the wireless industry, underpinned by a background in product design and engineering. These qualities make him the ideal candidate to grow IQE's presence across its key growth markets. Peter joins IQE after over a decade in executive roles at GlobalFoundries inc. ("GF"), the multinational semiconductor manufacturer, where he was most recently responsible for foundry sales partnerships and business development. In this position he led regional strategy for growing foundry sales partnerships and business development, as well as restructuring the Aerospace and Defence segment. Before this, he was VP of the Wireless Infrastructure and Satellite Communications business unit. Prior to joining GF, Peter held various leadership roles at IBM, as well as engineering positions at Ericsson and Raytheon. Duyuru • Jun 07
IQE plc Announces Departure of Tim Pullen as Chief Financial Officer IQE plc announced that Tim Pullen, Chief Financial Officer, has stepped down from his role in the Group with effect from 6 June 2023. Neil Rummings, who joined the Group in April 2017, will assume the role as acting CFO with immediate effect while IQE commences a search for a permanent CFO. Major Estimate Revision • May 24
Consensus EPS estimates upgraded to UK£0.021 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -UK£0.029 to -UK£0.021 per share. Revenue forecast steady at UK£136.4m. Semiconductor industry in the United Kingdom expected to see average net income growth of 11% next year. Consensus price target down from UK£0.52 to UK£0.49. Share price fell 2.1% to UK£0.23 over the past week. Duyuru • May 19
IQE plc has completed a Follow-on Equity Offering in the amount of £30 million. IQE plc has completed a Follow-on Equity Offering in the amount of £30 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 150,000,000
Price\Range: £0.2
Transaction Features: Regulation S; Subsequent Direct Listing Duyuru • May 18
IQE plc Provides Earnings Guidance for the First Half and Full Year of 2023 IQE plc provided earnings guidance for the first half and full year of 2023. For the first half of 2023, revenue expected to be in the range of £50 million to £56 million.For the year 2023, revenue in line with management expectations set out in March 2023 which include a return to year-on-year growth during the second half of 2023. Reported Earnings • May 18
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: UK£0.093 loss per share (further deteriorated from UK£0.039 loss in FY 2021). Revenue: UK£167.5m (up 8.7% from FY 2021). Net loss: UK£74.5m (loss widened 140% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 5.1% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in the United Kingdom are expected to grow by 24%. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 09
Price target decreased by 18% to UK£0.57 Down from UK£0.70, the current price target is an average from 6 analysts. New target price is 96% above last closing price of UK£0.29. Stock is down 22% over the past year. The company is forecast to post a net loss per share of UK£0.016 next year compared to a net loss per share of UK£0.039 last year. Duyuru • Jan 17
IQE plc Provides Revenue Guidance for the Year Ended 31 December 2022 IQE plc provided pre-close Trading Update for the financial year ended 31 December 2022. Reported revenue for the year ended 31 December 2022 is expected to be circa 8% higher than the prior year, subject to external audit review (2021: £154 million), after accounting for the impact of provisions for a small number of doubtful debts and the re-phasing of revenues from one contract from Fourth Quarter 2022 to First Quarter 2023. Constant currency revenue is expected to be broadly in line with the prior year. Price Target Changed • Dec 09
Price target increased to UK£0.70 Up from UK£0.65, the current price target is an average from 6 analysts. New target price is 39% above last closing price of UK£0.51. Stock is up 50% over the past year. The company posted a net loss per share of UK£0.039 last year. Price Target Changed • Nov 22
Price target increased to UK£0.67 Up from UK£0.62, the current price target is an average from 6 analysts. New target price is 36% above last closing price of UK£0.49. Stock is down 2.2% over the past year. The company is forecast to post a net loss per share of UK£0.016 next year compared to a net loss per share of UK£0.039 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Senior Independent Director Carol Chesney was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 07
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: UK£0.01 loss per share (further deteriorated from UK£0.003 loss in 1H 2021). Revenue: UK£86.2m (up 8.4% from 1H 2021). Net loss: UK£8.25m (loss widened 202% from 1H 2021). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Duyuru • Sep 07
IQE plc Reiterates Revenue Guidance of Full Year 2022 IQE plc reiterates its full year 2022 revenue guidance of low single digit percentage growth (at constant currency), as strong Photonics sales driven by 3D sensing VCSELs and emerging revenues in microLEDs offset a degree of anticipated, macro-driven, softness in Wireless markets. Board Change • Jul 25
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Senior Independent Director Carol Chesney was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Jul 14
IQE plc Provides Revenue Guidance for the First Half of 2022; Provides Revenue Guidance for the Year 2022 IQE plc provided revenue guidance for the first half of 2022. For the period, the company's revenue for the half is expected to be at least £85 million (>7% growth) on a reported basis. With a foreign exchange tailwind, this is in line with prior year revenue of £79.5 million on a constant currency basis.For the year 2022, full year remains unchanged with previously issued guidance of low single digit % revenue growth in 2022 (at constant currency), with growth weighted towards H2. Duyuru • Jul 07
IQE plc to Report First Half, 2022 Results on Sep 06, 2022 IQE plc announced that they will report first half, 2022 results on Sep 06, 2022 Duyuru • May 20
IQE plc, Annual General Meeting, Jun 28, 2022 IQE plc, Annual General Meeting, Jun 28, 2022, at 08:00 Coordinated Universal Time. Location: Peel Hunt LLP, 7th Floor, 100 Liverpool Street London United Kingdom Agenda: To receive the Directors' Report and Audited Financial statements, and the Directors' and Auditors' reports, for the financial year ended 31 December 2021;to approve the Directors' Annual Report on Remuneration for the year ended 31 December 2021 (this is an advisory vote);to re-appoint KPMG LLP as Auditors of the Company to hold office from the conclusion of the meeting to the conclusion of the next meeting at which the Accounts are laid before the Company, and authorize the Directors to fix their remuneration;to re-elect Phil Smith;to re-elect Americo Lemos;to re-elect Tim Pullen;to re-elect Carol Chesney;to re-elect Victoria Hull;to re-elect Andrew Nelson;to re-elect Derek Jones;and to consider other matters. 