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Vela Technologies
(LSE:VELA)
Vela Technologies (VELA) vs. iShares MSCI United Kingdom ETF (EWC)
Vela Technologies Business Overview & Revenue Model
Vela Technologies Financial Statement Overview
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -800.00K | 0.00 | -1.11M | 383.00K | 0.00 |
| Net Income | -777.00K | -378.00K | -1.08M | 380.00K | -1.41M |
Balance Sheet | |||||
| Total Assets | 6.29M | 7.04M | 7.40M | 7.25M | 1.22M |
| Cash, Cash Equivalents and Short-Term Investments | 54.00K | 724.00K | 958.00K | 2.15M | 9.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 550.00K |
| Total Liabilities | 53.00K | 38.00K | 21.00K | 48.00K | 604.00K |
| Stockholders Equity | 6.24M | 7.00M | 7.38M | 7.20M | 614.00K |
Cash Flow | |||||
| Free Cash Flow | -428.00K | -368.00K | -354.00K | -413.00K | -370.00K |
| Operating Cash Flow | -428.00K | -368.00K | -354.00K | -413.00K | -370.00K |
| Investing Cash Flow | -292.00K | 134.00K | -2.07M | -1.99M | -74.00K |
| Financing Cash Flow | 50.00K | 0.00 | 1.23M | 4.54M | 430.00K |
Vela Technologies Peers Comparison
Vela Technologies Corporate Events
Caledonian Holdings plc has officially changed its name from Vela Technologies plc, effective 24 March 2025, as confirmed by Companies House. The company’s shares will begin trading under the new name and TIDM code ‘CHP’ on the AIM market of the London Stock Exchange from 26 March 2025, while the ISIN and SEDOL numbers remain unchanged. This rebranding marks a significant step in the company’s evolution and may influence its market perception and stakeholder engagement.
Vela Technologies PLC has announced a series of strategic changes including a fundraising initiative, a share capital reorganization, and a proposed change of name to Caledonian Holdings PLC. These measures are part of a broader effort to refocus the company’s investment strategy towards financial services. The company has also appointed new directors and plans to amend its investing policy to target high-potential financial services firms, aiming for long-term capital appreciation. The changes are seen as a move to stabilize and enhance the company’s market position following recent challenges, including the administration of one of its portfolio companies.
Vela Technologies PLC has announced significant changes including a £1.1 million fundraising effort, board changes, and a strategic refocus on financial services. The company plans to change its name to Caledonian Holdings plc, reflecting its new direction, and has appointed Jim McColl and Chris Cooke to the board to drive this transformation. The fundraising is conditional on shareholder approval, and the company aims to adopt a new investing policy to solidify its position in the financial services sector.
Vela Technologies has sold 425,000 shares in EnSilica, generating approximately £196,864, with a realized gain of £10,625 expected for the financial year ending March 2025. The proceeds are being used for general working capital, and Vela retains a small stake in EnSilica, which engages in the design and supply of ASICs across various markets, contributing to its revenue and profitability growth.
Vela Technologies announced that Aeristech Limited, a company in which it holds a small investment, has been placed into administration. Vela’s investment in Aeristech, which specializes in manufacturing power-dense compressors for hydrogen fuel cells, is expected to be written off in the upcoming financial accounts, reflecting the company’s proactive approach to managing its portfolio amidst market challenges.
Vela Technologies reported a decrease in the value of its total assets by £385,000 to £2,670,000 for the quarter ending December 31, 2024. The company experienced a net unrealized loss of £276,000 on its investment portfolio, while its cash balance fell to £47,000. Despite these challenges, Vela subscribed to a £50,000 convertible loan note in Igraine PLC as part of a £200,000 commitment. The company’s strategy remains focused on realizing portions of its investment portfolio to reinvest in prospects with better return potential.