Eagle Eye Solutions Share Discussion Threads

[15geraldine] 19/7/2023 08:49

Prep a Manger results today show a return to profit with growth attributed to subscription services…̷0;provided by EE. Appears to be working and recent results show pace of growth.

[hew] 11/7/2023 08:52

Doing nicely! From today's TU:

".......another successful year of profitable growth, ahead of Board expectations, with Group revenue up 36% to £43.1m (FY22: £31.7m) and underlying organic revenue growth of 29%, excluding Untie Nots. Adjusted EBITDA* increased by 32% to approximately £8.6m (FY22: £6.5m). This growing level of profits has driven strong cash generation......."

[15geraldine] 03/7/2023 08:11

More positive news.

[rambutan2] 26/5/2023 04:03

Tim Mason, CEO of Eagle Eye, said:
"We are excited to have been selected as part of the Grow London Global programme as we see significant opportunity for Eagle Eye internationally, as demonstrated by our growing overseas customer base. The programme has a reputation for delivering a high-quality export programme and has supported some of London's fastest growing tech companies which are globally recognised brands in their fields. We look forward to capitalising on the further opportunities this programme will bring."

[lomax99] 21/5/2023 10:52

This partnership may help secure a few more key grocer clients in the US:Https://www.eagleeye.com/en-us/resources/news/mercatus-strategic-partnership

[hew] 18/5/2023 13:58

Untie Nots Secures First Contract Win with Singapore's largest supermarket chain.

"With growing pipeline, we are seeing further opportunities alongside Untie Nots team."

[lomax99] 03/5/2023 15:50

Eagle Eye snags five-year deal with John Lewis Partnership for new loyalty initiativeHttps:/:retailtechinnovationhub.com/home/2023/4/25/eagle-eye-snags-five-year-deal-with-john-lewis-partnership-for-new-loyalty-initiative

[lomax99] 14/4/2023 10:23

Useful dip, added a few.

[lomax99] 11/4/2023 14:17

Agree, hope they max out!!

[15geraldine] 11/4/2023 12:34

Options now being scaled back to be largely replaced by growth shares. Management targeted to deliver £1bn in market cap to maximise award. That’s circa 5-6 * current market cap. Any award would therefore be immaterial in the context of shareholder value created and would be well deserved.

[rambutan2] 05/4/2023 14:36

Hold your nose!

The latest 1p options


and award of "growth plan" shares


Leaves a bit of a sour taste imho

[tomps2] 17/3/2023 08:54

Eagle Eye Solutions (EYE) interim results presentation - March 2023

Eagle Eye Solutions CEO, Tim Mason & CFO Lucy Sharman-Munday present the interim results for the six months ended 31 December 2022, achieving strong organic growth with the acquisition of Untie Nots supporting continued expansion.

Watch the video here:

Or listen to the podcast here:

[raymund] 14/3/2023 12:41

Excellent H1 results and market agrees!

[15geraldine] 13/3/2023 14:50

Results tomorrow.

[rambutan2] 13/3/2023 14:28

And shares actually up a tad, no markdown. Currently.

[rambutan2] 13/3/2023 14:27

So...

Update regarding Silicon Valley Bank

Eagle Eye (LSE: "EYE"), a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing, today provides an update in relation to Silicon Valley Bank UK ("SVBUK").

The Company has a GBP5.0m loan facility with SVBUK, against which it has drawn down GBP2.0m and at 10 March 2023 had total cash of c. GBP7.8m*. The Company currently has no requirements to draw down further on its facility and awaits further information as to the status of its facility.

The Group has no cash deposits with SVBUK. While some funds were deposited with Silicon Valley Bank US, the Board anticipates there will be no impact upon the Group from this, following the Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC that all deposits will be protected and available from today.

The person responsible for the release of this announcement on behalf of the Company for the purposes of MAR is Lucy Sharman-Munday.

* Total cash includes approximately GBP1.6m of cash within the recently acquired Untie Nots business.

[lomax99] 12/3/2023 17:25

Good spot, fingers crossed!

[lomax99] 12/3/2023 17:18

I was just looking into that, in which case, phew!

[wjccghcc] 12/3/2023 17:17

Actually, it looks like they used that cash and drew down 2.5mm from the SVB finance facility to make the Untie Knots acquisition so they have net zero or probably negative exposure (you can set off debts vs receivables in insolvency).


As at 30 June 2022, the Group had net cash of £3.6 million, with further undrawn revolving credit facilities of £5.0 million and an additional £2.5 million available, subject to credit approval at the time. The Placing is expected to raise gross proceeds of approximately £7.0 million. The Directors intend to utilise the Net Proceeds alongside existing cash reserves and a drawdown of approximately £2.5 million from its undrawn revolving credit facility to fund the cash element of the Initial Consideration. Following Completion, the Group expects to retain a net cash position.

[lomax99] 12/3/2023 15:15

Hardly inspiring:Describing the situation as a "high priority", the statement added: "The government is working at pace on a solution to avoid or minimise damage to some of our promising companies in the UK and we will bring forward immediate plans to ensure the short-term operational and cash flow needs of SVB UK customers are able to be met.It does not sound as if UK govt is willing to guarantee deposits.An RNS from EYE shortly?This should make anyone wary of using specialist lenders for any deposits.

[lomax99] 12/3/2023 14:55

I hope EYE were feverishly busy on Friday withdrawing that £2.1m that they say in their annual report they were holding in cash with SVB's UK subsidiary. Either that, or we have to hope the UK govt agree to cover deposits.

[tomps2] 07/2/2023 09:23

Eagle Eye Solutions Group plc (EYE) Teach-in on the acquisition of Untie Nots

Following completion of the acquisition of personalised promotions business, Untie Nots in January 2023, the Eagle Eye and Untie Nots management team provide a deep dive into the Untie Nots offering, its products and how the two businesses will work together.

Watch the video here:

Or listen to the podcast here:

[15geraldine] 18/1/2023 08:45

EBITDA increase of 50% is the key metric showing the core value of the increasing turnover, high GM and solid cost control. With an expanding organic market and added momentum from Untie Nots acquisition and x-sell opportunities EE looks well placed.

Not advice.