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Velocity Composites Plc
(LSE:VEL)
Velocity Composites Plc (VEL) vs. iShares MSCI United Kingdom ETF (EWC)
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 |
| EBITDA | -1.15M | 231.00K | -1.93M | -622.00K | -638.00K | -2.45M |
| Net Income | -2.39M | -845.00K | -3.14M | -1.34M | -1.21M | -3.13M |
Balance Sheet | ||||||
| Total Assets | 14.70M | 12.81M | 14.70M | 9.81M | 9.69M | 10.66M |
| Cash, Cash Equivalents and Short-Term Investments | 3.18M | 1.66M | 3.18M | 2.34M | 3.48M | 3.27M |
| Total Debt | 3.55M | 2.79M | 3.55M | 4.38M | 4.06M | 3.47M |
| Total Liabilities | 8.13M | 6.94M | 8.13M | 6.41M | 5.12M | 4.97M |
| Stockholders Equity | 6.57M | 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
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £569.11M | 112.24 | 4.18% | 1.36% | 14.69% | ― | |
77 Outperform | £134.15M | 14.11 | 29.95% | 1.87% | 19.86% | 19.09% | |
76 Outperform | £731.14M | 32.24 | 18.73% | 0.68% | 13.49% | 47.00% | |
75 Outperform | £1.50B | 38.40 | 11.62% | 1.87% | 8.00% | 674.47% | |
72 Outperform | £766.24M | 29.54 | 5.59% | 1.31% | 1.41% | -16.76% | |
68 Neutral | £2.96B | 10.47 | 8.40% | 3.15% | 2.88% | -10.00% | |
60 Neutral | £17.30M | ― | -13.02% | ― | 12.52% | 75.23% |
Velocity Composites Plc Corporate Events
Velocity Composites plc reported its unaudited half-year results for the six months ending April 30, 2025, showing a positive adjusted EBITDA of £0.3m and a reduced pre-tax loss of £0.6m. The company has managed to sustain margin improvements and control overheads despite a slight revenue dip to £10.4m. The renewal of a contract with a key UK defense contractor and the appointment of a new Chief Operations Officer are notable highlights. The company is optimistic about achieving profitability and being cash generative in the second half of FY25, with significant growth opportunities anticipated in both the defense and civil aerospace sectors.
Velocity Composites plc announced it will publish its financial results for the six months ending 30 April 2025 on 25 June 2025. A live investor presentation will be held on the same day, led by the company’s top executives, and is open to all current and potential shareholders. This presentation is part of Velocity’s efforts to engage with stakeholders and highlight its strategic growth potential in both existing and new markets.
Velocity Composites plc reported a trading update for the first half of 2025, indicating an expected revenue of £10.4 million, slightly down from the previous year, but with improved gross margins due to operational efficiencies and recovery from inflationary pressures. The company achieved a positive adjusted EBITDA for the first time since before the pandemic, despite slower-than-anticipated production rate increases in the aerospace sector. Velocity is progressing with a major US contract and has secured a contract extension with a UK Defence contractor, positioning itself for growth in both civil aerospace and defence sectors. The company remains optimistic about the long-term industry outlook, with expectations of increased production rates driven by strong demand dynamics.
Velocity Composites plc announced the exercise of 17,338 share options by a staff member, with these shares set to be admitted to trading on AIM. This move increases the company’s total ordinary shares in issue to 54,065,204, which shareholders can use to determine their interests under regulatory guidelines. The announcement reflects Velocity’s ongoing operational activities and its commitment to maintaining transparency and regulatory compliance.
Velocity Composites plc has renewed its contract with BAE Systems, the UK’s largest defense contractor, for an additional three years. This renewal, which includes a price adjustment to reflect increased costs, is expected to support the company’s revenue goals for fiscal year 2025. The collaboration, ongoing since 2010, involves supplying process material kits for BAE’s F35 and Typhoon programs and emphasizes production standardization and cost reduction. As global defense spending rises, Velocity is expanding its business development efforts with other defense OEMs in Europe and the US, leveraging its expertise to address similar challenges faced by civil aircraft manufacturers.
Velocity Composites PLC announced a change in the investment manager for Maven Renovar VCT plc, formerly known as Amati AIM VCT plc, from Amati Global Investors Limited to Maven Capital Partners UK LLP. This change, effective from May 1, 2025, does not affect the position held in Velocity Composites, indicating stability in their shareholder structure.
Velocity Composites Plc announced a notification regarding a name change of a shareholder from Amati AIM VCT plc to Maven Renovar VCT PLC, following a change in investment manager to Maven Capital Partners UK LLP. This notification does not reflect any change in the shareholder’s position, but merely updates the name, ensuring stakeholders are informed of the administrative change.
Velocity Composites plc has announced the exercise of 37,500 share options by a staff member, with the shares set to be admitted to trading on AIM on 6 May 2025. This development will increase the total number of ordinary shares in issue to 54,047,866, which shareholders can use for calculating their interests under the Financial Conduct Authority’s rules. The company’s strategic positioning in the aerospace market and potential expansion into other sectors underscore its growth prospects.
Velocity Composites plc has published its audited annual report for the year ending October 31, 2024. The report, which was distributed to shareholders and made available online, underscores the company’s strategic focus and potential for expansion in both domestic and international markets, particularly in emerging sectors where composite materials are increasingly in demand.