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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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| Arria Nlg Ords | LSE:NLG | London | Ordinary Share | GB00BGDFBC25 | ORD 0.1P |
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| 0.00 | 0.00% | 9.50 | 0.00 | 00:00:00 |
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| - | O | 0 | 9.50 | GBX |
Arria Nlg Ords (NLG) Share Charts1 Year Arria Nlg Ords Chart |
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| Date | Time | Title | Posts |
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| 17/12/2024 | 10:50 | Arria | 8,858 |
| 07/5/2020 | 10:27 | Arria - NLG everywhere 2018 re-list | 110 |
| 03/1/2020 | 15:25 | Arria NLG Everywhere | 4 |
| 28/1/2019 | 11:38 | Arria NLG investors thread 2016 | 406 |
| 04/7/2018 | 11:27 | Arria NLG (NLG) CEO Expanding listings to New Zealand & Australia | 407 |
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Posted at 28/10/2024 21:23 by willowgrouse Sounds a bit like deja vuNew Zealand-registered, US-based AI company Arria NLG has delayed its proposed ASX listing by six months as shareholders still await audited accounts from two years ago.In an update to shareholders this month, Arria said it had hired Australian broker Taylor Collison to run an initial public offer and raise US$25 million ($41.75m) of pre-IPO funding.“While a previous newsletter indicated a listing target for December 2024, the Arria ASX briefing document, which formed the basis for the Taylor Collison mandate, now aims for an IPO before 30 June, 2025, based on feedback from our auditors and advisers,” it said.A pro forma balance sheet provided to shareholders said the company had accounts payable of US$8.4m at September 30 this year and cash of US$582,993.Asked how Arria would pay its creditors and whether it was solvent at balance date, US-based chair and chief executive Sharon Daniels said: “The company is carrying out its plan to retire its payables and is operating.”Thi Sharon Daniels on the investor conference call this month. No accountsA summary profit and loss statement provided to shareholders showed unaudited revenue of US$13.2m for the year to September and earnings before interest, tax, depreciation, and amortisation of minus US$15.5m.Arria is also yet to provide shareholders with audited accounts for the years to September 2022 and 2023.Daniels said it was preparing to complete three years of audited accounts simultaneously “and will present the audited financial statements required by ASX”.Short-ter Sean Drake on the conference call. The other contract was in weapons systems, he said, “where decisions have to be made extremely quickly with multiple weapons systems and multiple targets, where you have to be 100% right. There’s no margin of error when you’re targeting something.“The |
Posted at 28/10/2024 20:37 by dingowatty Arria delays IPO after 'feedback from auditors and advisers'Loss-making Al company says it has a plan to pay creditors and is working on providing audited accounts. New Zealand-registered, US-based Al company Arria NLG has delayed its proposed ASX listing by six months as shareholders still await audited accounts from two years ago. NZ NBR today.... I'm shocked - shocked! |
Posted at 20/8/2024 07:30 by windhill Who exactly is impressed by these patents? Who has valued them? The tech has moved on Kiddo. Patents for lex rules and query forms are pointless in neural network NLG. It's like having patents for steam pumps when the internal combustion engine came along. |
Posted at 05/8/2024 00:00 by willowgrouse New Zealand-registered, US-based artificial intelligence software company Arria NLG has told shareholders it is aiming to float on the ASX in December and raise US$85 million ($143m) to repay debt and fund the business to breakeven.The loss-making company was previously listed on London’s Alternative Investment Market but delisted itself in January 2017 and redomiciled to New Zealand, saying it planned to list on the NZX in 2018.While no NZX listing eventuated, Arria continued to raise money privately and has so far burned through more than US$200m.In an update to shareholders in July, Arria said: “Investor feedback has strongly advised that the Arria board should formulate a full step-by-step listing plan giving a guide to how Arria will 1) fund operations through to breakeven projected for May 2025; 2) retire debt from the balance sheet; and 3) prepare for and complete a public listing as soon as is feasible in light of the rebounding global tech IPO market.”The move comes as the company’s summary unaudited accounts and court filings indicate a severe cash crunch at Arria. Forecast net assets at the September 2024 year end were negative US$72.7m and earnings before interest, tax, depreciation, and amortisation were forecast to be negative US$15.4m.In its shareholder documents, Arria said it had payables debt of US$13.5m and the figure would reach US$20.8m by September.Wage claim Meanwhile, court action taken by former employees in the US has complained of late and unpaid wages. In a letter to a New Jersey court on August 1, counsel for five staff plaintiffs said they had been seeking payment of wages for more than 18 months.“For example, in a wage proceeding before the New Jersey Department of Labor and Workforce Development, Arial NLG and [chair and CEO] Sharon Daniels individually agreed to settle the wage claims brought by plaintiff Scott Moyer, and a judgment for US$63,635.95 was entered in his favor. Nevertheless, defendants have failed and refused to pay the settlement amount and Mr Moyer must now resort to collection proceedings.”T Resurgent market Outlining its initial public offer plans, Arria said the IPO market was resurgent, particularly for companies involved in AI.“Our technology, backed by 44 US [natural language generation]-specific patents, solidifies our competitive edge. With market readiness and our technology and operational preparedness, Arria is poised for robust growth and near-term profitability.” Pizza business Financial information provided to shareholders in the update said a fall in forecast 2024 revenue to US$13.9m from an unaudited figure of US$24.1m in 2023 was due to the loss of contract revenue from Domino’s franchisees.Arria became involved in the Domino’s pizza business through a deal with call centre technology provider Nusutus in 2020. In April 2021, Arria said it had signed up more than 1100 Domino’s franchisees to its Ping automated telephone ordering software, with every 1000 stores representing recurring revenue of US$9.6m a year.Arria said its goal was to sign up 3000 US stores by December 31, 2021, and subsequently roll out sales to Domino’s worldwide.However, in its latest update, Arria said the Arria Nusutus business was unprofitable and was placed in receivership in March this year. In April, the business was transferred to call centre provider ePerformax, which is owed US$20m by Arria.According to the shareholder update, Arria plans to raise US$45m in pre-IPO funding through issuing US$10m of bonds, US$10m of shares, and the exercise of US$25m of existing share options.A further US$40m would be raised at IPO through the conversion of US$38m in previously issued bonds and the issue of US$2m of new shares to the public.Arria said it was forecasting ebitda of US$27.5m by the year to September 2026 and US$72.5m the following year. |
Posted at 28/3/2024 22:38 by willowgrouse Cashflow is clearly tight at AI’s longest startup Arria NLG. The New Zealand-registered company’s main offices are in the US, where court filings last October showed IT supplier Sierra Microproducts was seeking payment of US$87,028 ($145,000) in outstanding invoices. Fast forward to late February and an affidavit from Sierra’s lawyer, Frederick E Gerson Esq, said the parties had agreed Arria would pay the amount in 10 instalments, failing which, Sierra was entitled to judgment for US$120,000. “To date, Arria has missed its first payment,” said the affidavit, and the clock was now ticking on its make-good deadline. Also in February, Arria said investors had completed due diligence on US$100 million of new funding and it was expecting a terms sheet “imminently |
Posted at 16/11/2023 22:50 by windhill Go figure - I have 1.8M Arria NLG share available @0.50 USD. NB last offer price from company at $1.0 USD. |
Posted at 12/10/2023 00:15 by windhill October 2023Arria Shareholder UpdateWe hope you all enjoyed the recent Technology Presentation. For those of you who missed the session, you can watch the recording at your convenience. Watch video ?Commercial UpdateThe demand for enterprise-ready Generative AI remains center stage as companies respond to media hype and fast-paced advancements in Language Technologies. This market opportunity offers Arria a platform for growth where accuracy and reliability are of utmost importance when providing Language Automation solutions. Arria's proven success and focus across compliance, risk, regulatory, sustainability and other mission-critical business operational and performance applications fall well within this category. We are already seeing existing clients planning expansion of their use of Arria solutions and aligning to Arria's Generative AI strategy and road map.By way of example, we are pleased to share the email received last week from one of our financial service clients, Wellington Management:Hello Arria Team!Last night we kicked off our first batch of client letters for the Q3 reporting cycle. With this run we mark an important milestone that we have fully transitioned to the Arria platform. I wanted to take the opportunity to thank the team officially for all your hard work in getting us to the point. We couldn't have asked for better partners in this project. The team was always patient and willing to help us. Your responsiveness to every question and problem was top notch.Thank you for helping us every step along the way. Now that the transition is complete, we can start the exciting process of looking for additional areas where Arria can help bring efficiencies to our processes.VP, Client Technology OperationsWellington Management Company LLPEvery enterprise, including Domino's, is exploring how to best incorporate Generative AI into its tech stack. In a recent press release, Domino's and Microsoft announced their collaboration to use Azure and Azure AI tools to help accelerate Domino's modernization and expansion plans. The collaboration focuses on deriving better insights from Domino's data. This presents an opportunity for Arria to extend the scope of its Domino's project beyond Arria's automation of telephone order-taking, which is not affected by the Microsoft-Domino's project - to embrace completing the business intelligence tech stack offered by Microsoft with last-mile reporting in natural language.Our Fortune 100 clients have found that the use of Generative AI to complete the tech stack is essential to profiting from the efficiencies that improvements in data analysis offer. As we further advance our existing Language Platform, one day soon enterprises and their staff, from analysts to agents, will experience the expanded ability to "have a conversation with their data."Funding UpdateArria will resume its growth strategy upon conclusion of the current funding round which remains imminent. The Board is reviewing various funding options with the following global initiatives fully underway:US-Based IP Financing institutional lender are working to present a binding term sheet within 35 to 45 days from time of receiving all required information which is now imminent.New Australia-based group who are seeking to collaborate and invest in a partnership with Arria to address Sustainability and ESG. This group have already received funding for this project. Partnership discussions are underway.Existing Malaysia-based investor who remain committed to fulfilling their investment in Arria with plans to co-create Sustainability and ESG governance solutions.AU-based high net worth individual introduced to Arria through an existing shareholder who is seeking to further his portfolio of investments via Arria.UK-Based family office who have expressed interest in participating in the private offering as outlined below.We engaged with three individual US-Based private equity firms; each are at different stages of due diligence. Institutional funding is a longer process than most and therefore is expected to supplement one of the more near-term funding options.We expect one or more opportunities to close within the next 30-90 days, possibly sooner.Private OfferingTo maintain the Company's progress, we have initiated a special offering which will be available to shareholders for a limited time. This premium offer is a bridge to larger funding now being sought and will close in November.I am pleased to report that our two largest shareholders have agreed to fund US $5 million of this special offer and we have already received the first half ($2.5 million) of this commitment. During this period shareholders will have the same opportunity to invest in this pre-IPO round at the following premium rate:Bond convertible at listing with a cap of USD$1.0010% interest20% discount off listing price upon conversion20% discount off listing price upon conversion becomes 30% with an investment of US $1 million or more in this offer |
Posted at 21/9/2023 18:00 by therealherculepoirot Can you share other results? |
Posted at 31/7/2023 13:27 by kidknocked Windhill - 21 Oct 2022 - 03:09:23 - 8432 of 8666 Arria - NLGRumor on the street that Arria is out of cash, payroll under threat. Your usual nonsense about payroll and cash blah blah blah. I am not an insider, you know that, stop being a prat. |
Posted at 27/7/2023 15:51 by therealherculepoirot These employee reviews on Glassdoor are telling.hxxps://www.glassdoo Current Employee Severe Ongoing Payment Issues 20 Jun 2023 - Prefer To Remain Anonymous in Toronto, ON Recommend CEO Approval Business Outlook Pros Remote work. Schedule can be flexible. Some of the people here are wonderful to work with! Cons Never ending late pay issues since around August/Sept of last year. In the past 2-3 months we seem to always be 2-3 paycheques behind. Almost 4 at this point. Constant broken promises by the CEO and leadership in terms of when this is going to be resolved. Poor communication from the execs in terms of the resolution of this issue. Advice to Management This company needs some major changes on the executive level. Pay your employees and do what it takes to earn back their trust. 3 people found this review helpful Helpful Share Report Flag as Inappropriate 1.0 ★★★ Former Employee, more than 1 year Not paying staff on time. Pensions are not being paid. 19 Dec 2022 - Software Engineer in Aberdeen, Scotland Pros There were some skilled engineers at the company. Cons I am writing this in the hope that others will not have to go through the same hugely stressful and trying experience. During my time at the company there were three occasions when we were not paid. On the first occasion the delay was 15 days on the second and third occasions it was a whole month overdue. This obviously caused all kinds of havoc for people’s personal lives and is completely unacceptable. Those in positions of authority failed to respond adequately to the crisis. We were repeatedly told we would receive wages by date X only for X to pass and a new date to be proposed, only for that to be missed and so on. The CTO would hold lots of meetings but would not be able to tell us anything concrete because he too seemed to be in the dark. Throughout the crises there was a striking lack of urgency and no real appreciation of the fact that the company was in breach of contract. They attempted to make a gesture of apology by promising everyone a 10% bonus but ironically they were unable to pay this either, at least during the time I was there. It should also be noted that at the time of writing Arria has not paid pension contributions since June 2022. I am still waiting for them to pay my pension contributions into the plan. In my experience, Arria pays significantly less than the market rate for software engineers. |
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