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WNWD Windward Ltd

132.50
-4.50 (-3.28%)
11 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Windward Ltd LSE:WNWD London Ordinary Share IL0011809428 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -4.50 -3.28% 132.50 57,841 10:07:22
Bid Price Offer Price High Price Low Price Open Price
130.00 135.00 136.50 132.50 136.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services USD 28.33M USD -8.99M USD -0.1014 -13.07 121.46M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:04 O 3,010 132.45 GBX

Windward (WNWD) Latest News

Windward (WNWD) Discussions and Chat

Windward Forums and Chat

Date Time Title Posts
10/10/202409:12Windward: Maritime AI87

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Posted at 12/10/2024 09:20 by Windward Daily Update
Windward Ltd is listed in the Business Services sector of the London Stock Exchange with ticker WNWD. The last closing price for Windward was 137p.
Windward currently has 88,654,304 shares in issue. The market capitalisation of Windward is £117,466,953.
Windward has a price to earnings ratio (PE ratio) of -13.07.
This morning WNWD shares opened at 136.50p
Posted at 10/10/2024 09:12 by mickeyb
Looks like the share price has turned, with the upbeat trading update showing business is going well with good uptake on the new MAI Expert AI software.
Posted at 03/10/2024 08:33 by masurenguy
Hi Martin - the AIM All Share Index has dropped 10% over the past 4 months compared to the FTSE All Share which has remained fairly flat over the same period.
Posted at 23/9/2024 10:27 by mickeyb
Surprised at this recent drop in the share price, if it continues I’ll buy some more. With this growth stock with 80+% margins only going to get more contracts , I’ll be happy to hold on .
Posted at 20/8/2024 08:33 by spangle93
Presentation at 9am



See link from RNS 7 Aug
Posted at 20/8/2024 07:44 by hastings
Excellent organic growth and what appears to be strong momentum. Plenty of cash underpinning the business and profitability clearly in sight. Broker has upped the target price to £2.00.
Posted at 20/8/2024 07:23 by spangle93
Half year results this morning, confirms positive trend.



We are pleased to report that the strong trading we experienced in the first half has continued into the second half. As stated, we remain firmly on track with our goal of reaching an adjusted EBITDA breakeven run rate during FY24. Our healthy renewal rate and subscription revenues provides us with a good level of visibility going forward, and we expect to maintain our customer growth into H2. We have an exciting plan of product releases in H2 which we expect to keep driving growth with both existing and new customers.
Posted at 18/7/2024 12:31 by spangle93
Windward (LON:WNWD) – Slightly Ahead Of Expectations

Ahead of its Interim Results being announced later next month, the leading Maritime AI company issued a confident Trading Update on Tuesday morning.

Windward’s AI-powered decision support and exception management platform offers a 360° view of the maritime ecosystem and enables stakeholders to make real time, predictive intelligence-driven decisions to achieve business and operational readiness.

In a Trading Update for the six months to end June it showed revenues up 37% at $17.6m, while it expects its EBITDA loss to be no more than $1.6m (2023 H1 $3.8m).

Now with a 35% increase in annual contract value to $37.2m, trading is slightly ahead of market expectations on revenue for FY24, and the company is confident of achieving an EBITDA break-even run rate during FY24.

CEO Ami Daniel stated that:

“I am delighted to report sustained momentum of 35% year over year ACV growth, consistent with FY2023 ACV growth.

We continue to grow the base of global organisations subscribing to our AI-powered insights to better navigate the challenges of global trade.

Investment in our data platform is delivering significant benefits, which has allowed us to quickly roll out Generative AI capabilities with the launch of our first Generative AI agent, MAI Expert, in collaboration with AWS.

This is the first step in a journey that significantly expands both our target market and the breadth of our differentiated offering for existing customers.

Our high renewal rates provide us with solid revenue visibility and confidence in continued positive trading, and with the new products launched in 2024 providing significant expansion opportunities, we are increasingly confident in the prospects for Windward.”

Analysts at Canaccord Genuity Capital Markets rate the group’s shares as a Buy, looking for 137p.

With estimates of $36.2m ($28.3m) sales this year and an adjusted pre-tax loss more than halved to $2.5m ($6.6m loss).

For next year they see $43.4m revenues and just a minute loss of $0.2m.

The brokers envisage $52.1m turnover in 2026 and an adjusted pre-tax profit of $1.6m, worth 1.9c per share in earnings.

The group’s shares, after having hit 125p in February this year, put on a useful 8% price gain on the Trading Update and are currently around 106p.

(Profile 03.04.23 @ 37.5p set a Target Price of 47p*)

(Profile 13.12.23 @ 80p set a Target Price of 100p*)
Posted at 16/7/2024 08:09 by spangle93
Positive update - link here


I'd had fingers crossed that they might have just made EBITDA positive in 1H, but the loss is relatively small compared to history, and compared to cash, and the momentum is positive.

Moreover they "remain confident in achieving an EBITDA break-even run rate during FY24"

With "Trading slightly ahead of market expectations on revenue for FY24" let's hope that analysts can sharpen their pencils a bit
Posted at 27/6/2024 16:01 by spangle93
The product offering continues to be enhanced during June
Posted at 27/3/2024 07:16 by maccamcd
From Panmure.. Today's full year results demonstrate the strength of momentum. A mix of credibility from supplying to multiple US government departments and other government organisations, growing maritime regulation, geo-political factors and attractive AI-based actionable intelligence products are propelling strong growth in both government and commercial markets. The loss narrowed to just $1.2m in H2 meaning that Windward is on the cusp of breakeven and a move into profit as the high operational leverage (gross margins c80%) feeds through. We are bullish on the data subscription market and Windward also represents a way to play the fast modernising maritime market. We lift our Target Price to 147p and reiterate our Buy rating.?Key results: Revenue rose 30.9% to $28.3m. The EBITDA loss reduced from $12.1m in 2022 to just $5.0m in 2023 with the H2 loss just $1.2m. The gross margin rose from 72% to 79% providing comfort for our 80-82% forecast 2024-206 assumptions. Cash burn was $4.8m leaving the net cash balance at a very comfortable $17.3m. Churn was just 7.5% in 2023 vs 19.5% in 2022 and comfortably within the target of below 10%. Given the substantial diversification achieved we do not expect churn to spike up again (see our initiation note) for a detailed discussion of churn). The rebalancing between Commercial and Government continued with Commercial rising from 24.9% of revenue to 30%.?Segment performance: Total client count grew from 132 to 201 with the leap in Commercial from 97 to 156 providing evidence that Windward solutions are being recognised and more widely adopted outside of the Government market. Commercial revenues leapt by 51% and ACV grew by 58%. ROW Government client count also jumped sharply from 20 to 29 lifting revenues 25% and ACV 38%. The US Government segment was restrained by federal budget issues (client count advanced by 1 to 16 with revenue +22% and ACV up just 10%. The budget issue was resolved last week so we would not be surprised to see a significant pick-up in growth in 2024 from the relatively modest 10% growth in 2023 ACV. We previously estimated a 5% ACV drag from this factor for 2023. All three segments growth trends/outlook are in good health and being supported by product innovation.?Outlook: With the Annual Contracted Value (ACV) growing by 35% to $34.5m as at year end we remain confident of our 2024e revenues (just $35.1m) and we see upside potential. The Company has confirmed strong trading momentum has continued in the new year and is confident of achieving market expectations. This implies ACV has grown but the Company doesn't normally formally update until the summer when it provides a H1 update. Sales headcount has been increased from 10 to 13 and supports further growth in the Commercial segment where both Compliance and Supply Chain products are selling well. Windward continues to launch new products and its new "Sequence Search" offering is the only one of its kind. The product allows users to conduct advanced analysis of vessels behavioral typologies and trade movements. A Generative AI product is also under development that will allow clients to analyse their own data.?Forecasts: We only recently upgraded our estimates and see todays update as supportive of these, hence no material changes. We continue to expect the Company to achieve breakeven during the year. The only question appears to be whether it will be sooner (during H1) or as expected (during H2). We do extend our explicit forecasts out to 2026 where we forecast the EBITDA margin reaching 18%. See the section below for more detail.?Valuation: The recent transaction in the UK data market involving GlobalData selling a minority stake in a subsidiary for 11.1x sales underlines the value of quality data assets. We maintain our existing valuation methodology based on a cautious 30% discount to our peer group (RELX, YouGov and GlobalData) EV/revenue multiple of 5.6x for 2024. Based on this our TP rises to 147p (from 129p). Rolling forward to 2025 suggests a valuation of 156p (214p with no discount). As per our previous view we expect the discount to peers to narrow as Windward executes. We see achievement of breakeven as the next valuation multiple milestone.
Windward share price data is direct from the London Stock Exchange

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