Equipmake Share Discussion Threads

[julianlau] 29/11/2024 09:32

Equipmake Holdings PLC, a leader in electrification technologies for the automotive, truck, bus, and specialty vehicle industries, reported notable growth for the year ending 31 May 2024. Revenue rose 60% to £8.1 million, driven by the Bus Repowering business, which contributed £3.9 million. However, high operational costs, particularly in Bus Repowering, resulted in an adjusted EBITDA loss of £7.4 million. To address this, the company is shifting focus to higher-margin areas such as drivetrain supply, EV components, and licensing agreements.

Equipmake secured major Tier 1 contracts with Caterpillar, Textron, and Rev Group, along with a partnership with Swiss aerospace firm H55. Post-year-end, the company expanded its market presence with agreements in South America and additional contracts with Textron. Its ASIL-D compliant functional safety systems further solidify its position as a leader in high-performance EV technology.

To support growth, Equipmake raised £4.1 million in February 2024 and an additional £3 million post-year-end. Despite this, cash reserves declined to £2.5 million, with a runway extending only to March 2025 without further financing. Cost-reduction efforts, including streamlined battery sourcing and headcount adjustments, are underway to improve margins and reduce overheads.

Looking forward, Equipmake is targeting the rapidly expanding heavy-duty EV market. Its strategy focuses on securing long-term contracts with OEMs and Tier 1 suppliers while leveraging expertise in drivetrain solutions and electrification technologies. Success hinges on winning new business and finalizing high-value licensing agreements, which could provide substantial milestone payments and royalties.

hxxps://wealthoracle.co.uk/detailed-result-full/EQIP/1034

[bountyhunter] 29/7/2022 10:07

Admitted to the AQSE market today.

Website:

[bountyhunter] 29/7/2022 10:05

!FOLLOWFEED
Admission to trading on AQSE and first day of dealings

Equipmake, the UK developer and manufacturer of best-in-class electrification products for the provision of electric vehicle ("EV") drivetrains, is pleased to announce that admission of its shares to trading on the Aquis Stock Exchange Growth Market ("AQSE Growth Market") will commence at 8.00 a.m. today, 29 July 2022 ("Admission"), under the TIDM "EQIP" and the ISIN number GB00BMBVXB73.

The Company has successfully raised gross proceeds of GBP10 million and the market capitalisation of the Company upon Admission at the issue price will be GBP35 million. On Admission the Company will have 823,529,409 Ordinary Shares in issue.

The Company's AQSE Admission Document is available to view on the Company's website .

Panmure Gordon (UK) Limited is acting as Corporate Adviser, Sole Bookrunner and Sole Broker to the Company.

Highlights

-- Equipmake is a UK-based technology company which has developed a range of electrification products for the provision of EV drivetrains to meet the needs of the automotive, aerospace and other sectors, in support of the transition from fossil-fuelled to zero emission powertrains.