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Velocity Composites Plc
(LSE:VEL)
Velocity Composites Plc (VEL) vs. S&P 500 (SPY)
Velocity Composites Plc Business Overview & Revenue Model
Velocity Composites Plc Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 20.18M | 23.01M | 16.41M | 11.96M | 9.77M | 13.56M | Gross Profit |
| 3.98M | 5.96M | 3.09M | 2.75M | 2.54M | 2.32M | EBIT |
| -2.32M | -931.00K | -2.82M | -1.32M | -1.36M | -2.81M | EBITDA |
| -1.15M | 231.00K | -1.93M | -622.00K | -638.00K | -2.45M | Net Income Common Stockholders |
| -2.39M | -845.00K | -3.14M | -1.34M | -1.21M | -3.13M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 3.18M | 1.66M | 3.18M | 2.34M | 3.48M | 3.27M | Total Assets |
| 14.70M | 12.81M | 14.70M | 9.81M | 9.69M | 10.66M | Total Debt |
| 3.55M | 2.79M | 3.55M | 4.38M | 4.06M | 3.47M | Net Debt |
| 369.00K | 1.13M | 369.00K | 2.04M | 585.00K | 203.00K | Total Liabilities |
| 8.13M | 6.94M | 8.13M | 6.41M | 5.12M | 4.97M | Stockholders Equity |
| 6.57M | 5.87M | 6.57M | 3.40M | 4.57M | 5.68M |
| Cash Flow | Free Cash Flow | ||||
| -4.46M | -214.00K | -3.96M | -118.00K | 261.00K | -1.87M | Operating Cash Flow |
| -3.25M | 370.00K | -1.83M | 280.00K | 325.00K | -838.00K | Investing Cash Flow |
| -1.21M | -584.00K | -2.12M | -356.00K | -51.00K | -1.03M | Financing Cash Flow |
| 5.04M | -1.41M | 4.79M | -1.06M | -66.00K | 1.71M |
Velocity Composites Plc Technical Analysis
Velocity Composites Plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £5.94B | 19.94 | 13.99% | 2.46% | 6.10% | 33.05% | |
74 Outperform | $48.56B | 25.53 | 17.85% | 1.77% | 14.01% | 6.03% | |
72 Outperform | $58.82B | 23.25 | ― | 14.70% | 3.76% | ||
71 Outperform | £4.26B | 22.30 | 16.16% | 2.79% | -1.03% | 4.06% | |
66 Neutral | £5.08B | 39.26 | 14.50% | 1.57% | 13.59% | 6.14% | |
62 Neutral | $7.62B | 13.01 | 3.19% | 3.32% | 3.77% | -14.28% | |
51 Neutral | £12.69M | ― | -13.59% | ― | 40.19% | 80.68% |
Velocity Composites Plc Corporate Events
Velocity Composites plc has announced the exercise of 17,000 share options by a staff member, with the new shares expected to be admitted to trading on AIM by April 3, 2025. This move will increase the total number of ordinary shares in issue to 54,010,366, providing shareholders with updated figures for regulatory notifications.
Velocity Composites plc announced that David Bailey, a non-executive director, has transferred 52,176 ordinary shares into his personal ISA and sold 137 shares to cover transaction costs. This transaction represents approximately 0.10% of the voting rights in the company, reflecting a strategic move to manage personal investments while maintaining a significant stake in the company.
Velocity Composites plc announced that all resolutions presented at their Annual General Meeting were successfully passed, reflecting strong shareholder support. This outcome underscores the company’s stable governance and strategic direction, potentially bolstering its market position and supporting its growth ambitions in both existing and new sectors.
Velocity Composites plc announced that Annette Rothwell, a non-executive director, transferred 73,285 ordinary shares into her personal ISA, maintaining her beneficial holding at 78,547 shares. This transaction, conducted on the London Stock Exchange, does not alter her voting rights in the company, reflecting a strategic personal financial decision without impacting the company’s overall shareholding structure.
Velocity Composites plc announced the appointment of Oliver Smalley as the new Chief Operations Officer. Smalley, with over 20 years of experience in manufacturing and operational leadership, will focus on enhancing business processes, digital transformation, and operational efficiency to support the company’s growth in the US and Europe. This strategic move aims to strengthen Velocity’s position in the aerospace market and support its expansion into new sectors, ensuring continued organizational success and stakeholder satisfaction.
Velocity Composites plc has announced the granting of 2,085,518 share options to its directors, PDMRs, and management team, aligning them with the company’s strategic goals and offering incentives for ongoing contribution. These options are distributed across three schemes with varying conditions, which aim to motivate the recipients and align their interests with the company’s growth objectives, potentially impacting the company’s market position and operational focus.
Velocity Composites reported a significant 40% increase in revenue to £23 million for the year ending October 2024, driven by a quadrupling of US sales. The company achieved positive adjusted EBITDA, marking a strategic turnaround with improved gross margins and cash position. Looking forward, Velocity expects continued growth supported by increased production rates in aerospace and new opportunities in defense and alternative markets. The company is well-positioned to benefit from rising demand for composite materials and is focused on sustainability and operational efficiency, with expectations for sustained profitability.
Velocity Composites plc has announced it will publish its full-year results for the period ending 31 October 2024 on 29 January 2025. A live investor presentation featuring key company executives will follow on 30 January, open to all existing and potential shareholders, indicating the company’s commitment to transparency and stakeholder engagement.