Earnings Announcements of 3 LSE Listed Companies: Osirium Technologies Plc, TruFin Plc and Katoro Gold Plc

The Covid-19 pandemic has devasted the whole global economy, with many businesses coming to the brink of collapse. Though governments are making all efforts to protect the businesses and the employment, two of the major components of the economy but the impact is so severe that there is hardly any industry which has not got affected. Amid all this turmoil several companies have been announcing their latest earnings, here we would discuss the latest full-year results of three companies listed on the London Stock Exchange. These companies are Osirium Technologies Plc, TruFin Plc and Katoro Gold Plc, which belong to the Software & Computer Services sector, Financial Services sector and Mining sector, respectively.

Overview of Osirium Technologies Plc

Osirium Technologies Plc (LON:OSI) is one of the prominent sellers of cloud-based cybersecurity software. The company, through its experienced management team has been supporting thousands of companies for more than twenty-five years. The company mainly helps them to minimize the operational costs, Business risks and casual IT compliance.

OSI – Financial Highlights

On 15^th May 2020, the company declared its final results for one year ended 31st December 2019.

• The total bookings improved by 54 per cent to £1.82 million during the period. It helped the company to increase its revenue by 22 per cent to £1.17 million during the FY2019.
• During the FY2019, the total number of the consumer increased by 14 to 50 in numbers.
• The Group concentrated on R&D programme during the year 2019 and spent £1.77 million on direct workforce and contractor expenditures for R&D.
• During the FY2019, the loss before tax increased to £3.45 million versus a loss of £2.67 million prior year.
• Cash reserves improved due to fundraising, which stood at around £4.78 million gross cash in October 2019. The gross cash are reported before expenses, fees, and commissions.
• As at 31st December 2019, Cash balances increased to £3.9 million from £2.4 million in the prior year.
• The company's director has not recommended any final dividend for the FY2019.
• After the financial year-end the company has made its presence felt in Benelux and has begun sales and marketing initiatives in that region and the Nordics.

OSI – Share Price Performance

(Source: Thomson Reuters)

Osirium Technologies Plc’s stock price closed at GBX 25.50 on 15th May 2020, lower by 2.00 points or 7.27 per cent. The stock price is though up by 59.375 per cent from the one-year low of GBX 16.00 set on 05th March 2020. As of 15th May 2020, the Market Capitalisation of the company was reported to be at GBP 4.97 million.

Overview of TruFin Plc

TruFin Plc (LON:TRU) is a company engaged in the development of banking and fintech businesses. Its main objective is to deliver niche lending, high-tech and service solutions to the working capital and new payment markets. The company has its office in Birmingham and London. The company operates via four businesses, i.e. Oxygen Finance, Satago Financial Solutions, Vertus Capital and PlayStack Limited.

TRU – Financial Highlights

On 15^th May 2020, the company declared its final results for one year ended 31st December 2019.

• Vertus business segment of the company secured a debt facility of £15 million with a UK bank, which resulted into an increase of its permitted loan facility to £16.5 million.
• During the year 2019, the total amount of invoices increased by 26 per cent to £550 million.
• During the current trading, the company’s revenue was reported at £2.1 million for the first quarter of the year 2020. It shows a growth of 36 per cent over the same period in the FY2019.
• The renewal success rate of Oxygen continued to be 100 per cent in the year 2020. Also, Satago signed a £5 million of the debt facility in March 2020.
• In the year 2019, the company acquired broadly held stakes in PlayStack Limited and Vertus Capital Limited, while Distribution Capital Finance limited got demerged from the company and sold its stake in Zopa Group Limited.
• During the year 2019, the company achieved a robust revenue growth of 68 per cent through the continuing operations.
• For the FY2019, the director of the company has not declared any dividend.

TRU – Share Price Performance

(Source: Thomson Reuters)

TruFin Plc’s stock price closed at GBX 16.0 on 15th May 2020, declining by 0.50 points or 3.03 per cent. The stock price though was up by 6.67 per cent from the one-year low of GBX 15.00, set on 13^th May 2020. The Market Capitalisation of the company was reported to be at GBP 12.93 million.

Overview of Katoro Gold Plc

Katoro Gold Plc (LON:KAT) is an Alternative Investment Market listed company, which concentrates on Tanzania's mineral and gold exploration & expansion. The company is currently working on three projects and is looking to add more projects to further diversify its portfolio.

KAT – Financial Highlights

On 15^th May 2020, the company announced annual Financial Results for the year ended 31st December 2019.

(Source: Company Release)

• The company during the period completed investment and options deal to acquire 25 per cent stake in the Haneti Nickel Projects. The agreement is with Power Metal Resources, and the company has an option to acquire an additional 10 per cent stake.
• In August 2019, Katoro Gold Plc announced the sale of Reef Miners to Lake Victoria Gold Limited with consideration of the cash of around US$1.0 million and a 1.5 per cent Net Smelter Royalty.
• The Group presently generates Zero revenue and had net assets of £177.7K as at 31st December 2019.
• The loss of the period has increased to £668,659 in the FY2019 as compared to £479,205 in the prior year.
• The total comprehensive loss for the period has risen to £664,077 in the FY2019 as compared to £492,275 for the previous year.
• The cash & cash equivalent of the company decreased significantly to £27,972 as at 31st December 2019.
• The exploration cost of the company has risen to £102,152 during the FY2019 versus £77,740 during the FY2018.

KAT – Share Price Performance

(Source: Thomson Reuters)

Katoro Gold Plc’s stock price closed at GBX 2.20 on 15th May 2020, remaining the same as of previous day’s closing. However, the stock price was up by 260.66 per cent from the one-year low of GBX 0.61, set on 20th May 2019. The Market Capitalisation of the company was reported to be at GBP 5.02 million.