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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 | ||||
| 1.66M | 1.66M | 3.18M | 2.34M | 3.48M | 3.27M | Total Assets |
| 12.81M | 12.81M | 14.70M | 9.81M | 9.69M | 10.66M | Total Debt |
| 2.79M | 2.79M | 3.55M | 4.38M | 4.06M | 3.47M | Net Debt |
| 1.13M | 1.13M | 369.00K | 2.04M | 585.00K | 203.00K | Total Liabilities |
| 6.94M | 6.94M | 8.13M | 6.41M | 5.12M | 4.97M | Stockholders Equity |
| 5.87M | 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
Velocity Composites Plc Corporate Events
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.
Velocity Composites plc announced a slight dilution in CEO Jon Bridges’ shareholding from 10.04% to 9.94% following the exercise of share options and issue of equity. Despite this change, Mr. Bridges’ total beneficial holdings remain unchanged at 5,365,929 Ordinary Shares. This development highlights a shift in the company’s governance structure without altering the CEO’s overall stake, potentially affecting voting dynamics within the company.
Velocity Composites plc announced the exercise of 483,660 share options over its ordinary shares, with subsequent disposals to cover tax liabilities. The announcement signifies the company’s continued engagement with its stakeholders and maintains transparency in its equity management, with the new shares expected to be admitted to trading on AIM by 24 December 2024.
Velocity Composites plc announced a significant increase in revenue for FY24, driven by a strong performance in the US market, resulting in a positive adjusted EBITDA for the first time since the pandemic. The company is poised for growth in FY25, bolstered by expected increases in global aerospace production rates and its strategic focus on operational efficiency and service delivery, despite earlier industry-wide production delays.