New Risk • 11h
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: US$4.5m This is considered a minor risk. Companies with a small amount of revenue 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 Share price has been highly volatile over the past 3 months (32% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$4.5m revenue). Market cap is less than US$100m (S$19.5m market cap, or US$15.2m). Board Change • Jul 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Lead Non-Executive Independent Director Jeremy Figgins is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 10
TrickleStar Limited Announces Resignation of Jason John Clark as Chief Executive Officer TrickleStar Limited announced that Jason John Clark has tendered his resignation as Chief Executive Officer to focus on his longer-term business interests, consulting activities, and future professional opportunities. The roles and responsibilities as Chief Executive Officer of the Company. Jason John Clark previously held directorships at Borneo Sky Ltd, 247 Marketing Ltd, and Truefit Marketing Ltd. New Risk • May 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% 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 (33% average weekly change). Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risk Market cap is less than US$100m (S$21.1m market cap, or US$16.5m). Duyuru • May 23
TrickleStar Limited has completed a Follow-on Equity Offering in the amount of SGD 2.419946 million. TrickleStar Limited has completed a Follow-on Equity Offering in the amount of SGD 2.419946 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 79,083,200
Price\Range: SGD 0.0306
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • May 16
Insider recently sold S$214k worth of stock On the 13th of May, Harald Weinbrecht sold around 13m shares on-market at roughly S$0.017 per share. This transaction amounted to 100% 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 S$856k more than they bought in the last 12 months. New Risk • May 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 24% 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 (24% average weekly change). Market cap is less than US$10m (S$9.33m market cap, or US$7.33m). Duyuru • May 13
TrickleStar Limited has filed a Follow-on Equity Offering in the amount of SGD 2.419946 million. TrickleStar Limited has filed a Follow-on Equity Offering in the amount of SGD 2.419946 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 79,083,200
Price\Range: SGD 0.0306
Transaction Features: Subsequent Direct Listing New Risk • Mar 24
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 Singaporean stocks, typically moving 9.0% 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 Market cap is less than US$10m (S$4.90m market cap, or US$3.83m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Significant insider selling over the past 3 months (S$161k sold). Duyuru • Mar 05
TrickleStar Limited, Annual General Meeting, Mar 25, 2026 TrickleStar Limited, Annual General Meeting, Mar 25, 2026, at 10:30 Singapore Standard Time. Location: four points by sheraton singapore, riverview, elgin room 1, 2nd floor, 382 havelock road, singapore 169629, Singapore Reported Earnings • Feb 28
Full year 2025 earnings released: US$0.001 loss per share (vs US$0.008 loss in FY 2024) Full year 2025 results: US$0.001 loss per share (improved from US$0.008 loss in FY 2024). Revenue: US$5.81m (down 49% from FY 2024). Net loss: US$155.5k (loss narrowed 77% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 51% per year, which means it has not declined as severely as earnings. New Risk • Feb 23
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 Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (S$4.59m market cap, or US$3.62m). 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 (S$471k sold). Recent Insider Transactions • Jan 07
Insider recently sold S$161k worth of stock On the 2nd of January, Bernard Emby sold around 5m shares on-market at roughly S$0.032 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth S$310k. Insiders have been net sellers, collectively disposing of S$990k more than they bought in the last 12 months. Recent Insider Transactions • Dec 15
Insider recently sold S$310k worth of stock On the 11th of December, Bernard Emby sold around 10m shares on-market at roughly S$0.031 per share. This transaction amounted to 47% 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 S$829k more than they bought in the last 12 months. Recent Insider Transactions • Oct 06
Insider recently sold S$111k worth of stock On the 2nd of October, Bernard Emby sold around 4m shares on-market at roughly S$0.03 per share. This transaction amounted to 15% 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 S$474k more than they bought in the last 12 months. New Risk • Oct 04
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: S$2.6k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (84% increase in shares outstanding). Market cap is less than US$10m (S$4.64m market cap, or US$3.60m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (S$2.6k sold). Duyuru • Jun 20
TrickleStar Limited Announces Board Committees Changes TrickleStar Limited announced changes to the composition of board committees: The composition of board committees of the company with effect from 19 June 2025 will be as follows: Audit Committee: Jeremy John Figgins-Chairman; Ling Hee Keat-Member; Gunananthan Nithyanantham-Member. Remuneration Committee: Ling Hee Keat-Chairman; Chuah Jern Ern-Member; Harald Weinbrecht-Member. Nominating Committee: Chuah Jern Ern-Chairman; Jeremy John Figgins-Member; Gunananthan Nithyanantham-Member. Duyuru • Jun 03
Tricklestar Limited Announces Directorate and Board Changes, Effect from 2 June 2025 The Board of Directors of TrickleStar Limited announced the following: Harald Weinbrecht will be appointed as a Non-Executive Non-Independent Director of the Company with effect from 2 June 2025. Consequent to the aforesaid changes, the composition of the Board of the Company with effect from 2 June 2025 will be as follows: Board of Directors Ling Hee Keat as Non-Executive Independent Chairman, Jeremy John Figgins as Non-Executive Independent Director, Chuah Jern Ern as Non-Executive Independent Director, Gunananthan Nithyanantham as Non-Executive Non-Independent Director, Jason John Clark as Executive Director and Chief Executive Officer and Harald Weinbrecht as Non-Executive Non-Independent Director. Duyuru • Mar 06
TrickleStar Limited, Annual General Meeting, Mar 26, 2025 TrickleStar Limited, Annual General Meeting, Mar 26, 2025, at 10:30 Singapore Standard Time. Location: four points by sheraton singapore, riverview elgin room, 382 havelock road, singapore 169629, Singapore Reported Earnings • Feb 28
Full year 2024 earnings released: US$0.008 loss per share (vs US$0.003 loss in FY 2023) Full year 2024 results: US$0.008 loss per share (further deteriorated from US$0.003 loss in FY 2023). Revenue: US$11.5m (up 12% from FY 2023). Net loss: US$665.2k (loss widened 142% from FY 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. New Risk • Feb 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% 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 (49% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Market cap is less than US$10m (S$8.19m market cap, or US$6.12m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (S$2.61m market cap, or US$1.95m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Duyuru • Dec 11
TrickleStar Limited has filed a Follow-on Equity Offering in the amount of SGD 1.011391 million. TrickleStar Limited has filed a Follow-on Equity Offering in the amount of SGD 1.011391 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 67,426,073
Price\Range: SGD 0.015
Transaction Features: Rights Offering Board Change • Oct 28
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last 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: Insufficient board refreshment. Duyuru • Oct 03
TrickleStar Limited Announces Resignation of Gunananthan Nithyanantham as Executive Director and Chief Operating Officer and Redesignated as Non-Executive Non-Independent Director TrickleStar Limited announced that resignation of Mr. Gunananthan Nithyanantham as the Executive Director and Chief Operating Officer, Mr. Guna will be redesignated as Non-Executive Non-Independent Director. Mr. Guna has been a director of TrickleStar Limited since its IPO in June 2019. Before that, he did not have prior experience as a director of public listed companies in Singapore. From January 2012 to December 2017, Mr. Guna joined TrickleStar as finance director of TrickleStar Hong Kong, where he was responsible for overseeing the finances, logistics control and administrative activities of TrickleStar Hong Kong. In January 2015, Mr. Guna became an executive director of both Zernet Limited and CircleBright Limited, where he was responsible for monitoring the strategic direction and overseeing the use of funds of the respective companies. In January 2018, he became the chief executive officer of both Zernet Limited and CircleBright Limited, where he is responsible for managing the overall operations and resources of Zernet Limited and is responsible for overseeing and evaluating investment opportunities for CircleBright Limited. In January 2022, he was redesignated as executive director and chief operating officer of the company. Board Change • Sep 19
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last 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: Insufficient board refreshment. Board Change • Jun 20
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last 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: Insufficient board refreshment. Board Change • May 15
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last 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: Insufficient board refreshment. Buy Or Sell Opportunity • Apr 12
Now 35% undervalued The stock has been flat over the last 90 days, currently trading at S$0.10. The fair value is estimated to be S$0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Apr 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$11.0m (US$8.18m) 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 Shares are highly illiquid. Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (S$11.0m market cap, or US$8.18m). Duyuru • Apr 05
TrickleStar Limited Announces Resignation of Jon Alan Lanning as President of Company, North America TrickleStar Limited announced that the resignation of Jon Alan Lanning as President of company, North America. Mr. Jon Alan Lanning (hereinafter referred to as Mr. Lanning), has tendered his resignation as the company's President of TrickleStar Inc., North America. He is currently serving his notice period, which will conclude on 25 April 2024. Mr. Lanning has tendered his resignation to pursue other opportunities within the North America Energy Efficiency industry and feels this is the proper time to do so after having worked with the Company for eleven plus years. Reported Earnings • Mar 13
Full year 2023 earnings released: US$0.003 loss per share (vs US$0.005 profit in FY 2022) Full year 2023 results: US$0.003 loss per share (down from US$0.005 profit in FY 2022). Revenue: US$10.3m (down 26% from FY 2022). Net loss: US$275.1k (down 162% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Duyuru • Mar 08
TrickleStar Limited, Annual General Meeting, Mar 27, 2024 TrickleStar Limited, Annual General Meeting, Mar 27, 2024, at 10:30 Singapore Standard Time. Location: Four Points by Sheraton Singapore, Riverview Elgin Room, 382 Havelock Road, Singapore Singapore Agenda: To consider proposed renewal of the Share Buy-Back Mandate. Board Change • Mar 08
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last 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: Insufficient board refreshment. Duyuru • Jan 18
TrickleStar Limited Announces Resignation of Bernard Christopher Emby as Non-Executive Non-Independent Director The Board of Directors of TrickleStar Limited announced Mr. Bernard Christopher Emby has tendered his resignation as the Non-Executive Non-Independent Director of the Company. Consequent to the aforesaid resignation, as at 19 January 2024, the composition of the Board of the Company shall be as mentioned below: Board of Directors: Mr. Ling Hee Keat, Non-Executive Independent Chairman; Mr. Gunananthan Nithyanantham, Executive Director and Chief Operating Officer; Mr. Chuah Jern Ern, Non-Executive Independent Director; and Mr. Jeremy John Figgins, Non-Executive Independent Director. Duyuru • Dec 13
Tricklestar Limited Announces Resignation of Gunananthan Nithyanantham as Acting Chief Executive Officer TrickleStar Limited announced that Mr. Gunananthan Nithyanantham ("Mr Guna") has tendered his resignation as the Acting Chief Executive Officer ("Acting CEO") of the Company which will conclude on 31 December 2023. Mr. Guna will continue to remain as the Executive Director and Chief Operating Officer. After having interviewed Mr. Guna and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Guna as the Acting CEO. Board Change • Nov 06
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 18
Acting CEO recently sold S$109k worth of stock On the 13th of October, Gunananthan Nithyanantham sold around 610k shares on-market at roughly S$0.18 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gunananthan's only on-market trade for the last 12 months. Board Change • Oct 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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 25
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 08
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.4m (US$9.83m) 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 Shares are highly illiquid. Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (S$13.4m market cap, or US$9.83m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 12
First half 2023 earnings released: EPS: US$0.001 (vs US$0 in 1H 2022) First half 2023 results: EPS: US$0.001 (up from US$0 in 1H 2022). Revenue: US$5.00m (down 19% from 1H 2022). Net income: US$51.2k (up US$46.9k from 1H 2022). Profit margin: 1.0% (up from 0.1% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Board Change • Jul 20
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 08
Tricklestar Limited Announces Resignation of S Krishnan A/L Sinnappan as Chief Technical Officer Effective 12 July 2023 TrickleStar Limited announced resignation of S Krishnan A/L Sinnappan as Chief Technical Officer. Role And Responsibilities: Overseeing all technological interests of TrickleStar products, which includes responsibility for research of new products, drafting specifications and managing product design and development. Reason For Cessation: Mr. S Krishnan A/L Sinnappan (hereinafter referred to as Mr. S Krishnan), has tendered his resignation as the Company's Chief Technical Officer (CTO). He is currently serving his notice period, which will conclude on 12 July 2023. The resignation of Mr. S Krishnan can be attributed to the following reasons: 1. Dissatisfaction with the working environment under the current management. 2. Exclusion of the CTO from decision-making processes concerning technical and product development aspects. 3. Unwillingness to assume responsibility for technical decisions not endorsed by the CTO. The Nominating Committee duly notes Mr. S Krishnan's concerns. The Board is aware of the potential unease he may have experienced due to recent changes within the Company. Consequently, his resignation was not unexpected. Currently, the Company is not actively seeking a replacement for the CTO position. TrickleStar expresses gratitude for Mr. S Krishnan's valuable contributions and dedication during his tenure with the Company. After having interviewed Mr. S Krishnan and the Independent Directors of the Company, the Company's Sponsor, PrimePartner Corporate Finance Pte. Ltd. is satisfied that, to the best of its knowledge, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. S Krishnan as the CTO. Board Change • May 16
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 20
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$0.005 (vs US$0.029 loss in FY 2021) Full year 2022 results: EPS: US$0.005 (up from US$0.029 loss in FY 2021). Revenue: US$13.8m (up 22% from FY 2021). Net income: US$442.6k (up US$2.84m from FY 2021). Profit margin: 3.2% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Board Change • Mar 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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 10
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 09
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
First half 2022 earnings released: EPS: US$0 (vs US$0.003 in 1H 2021) First half 2022 results: EPS: US$0 (down from US$0.003 in 1H 2021). Revenue: US$6.16m (up 8.8% from 1H 2021). Net income: US$4.3k (down 98% from 1H 2021). Profit margin: 0.1% (down from 4.9% in 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Board Change • Aug 05
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 30
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 23
TrickleStar Limited Ordinary Shares to Be Deleted from OTC Equity TrickleStar Limited Ordinary Shares (Singapore) will be Deleted from OTC Equity effective from June 22, 2022, due to Inactive Security. Board Change • May 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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 28
TrickleStar Limited Announces Resignation of Ang Teck Soon as Chief Financial Officer TrickleStar Limited announced the resignation of Ang Teck Soon as Chief Financial Officer, to pursue other career opportunities. Mr. Ang is currently serving his notice period until 31 May 2022 and will continue to act as a consultant to the Company from 1 June 2022 to 31 July 2022, to ensure a smooth transition subsequent to his cessation. Board Change • Oct 04
High number of new directors Lead Independent Director Jeremy Figgins was the last director to join the board, commencing their role in 2019. Board Change • Sep 14
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. No experienced directors. No highly experienced directors. Executive Chairman & CEO Bernard Emby is the most experienced director on the board, commencing their role in 2018. 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 • Aug 09
First half 2021 earnings released: EPS US$0.003 (vs US$0.006 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: US$5.66m (down 13% from 1H 2020). Net income: US$275.3k (down 46% from 1H 2020). Profit margin: 4.9% (down from 7.8% in 1H 2020). The decrease in margin was driven by lower revenue. Reported Earnings • Feb 28
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$12.9m (down 12% from FY 2019). Net income: US$712.7k (up 306% from FY 2019). Profit margin: 5.5% (up from 1.2% in FY 2019). The increase in margin was driven by lower expenses. 
