WANdisco (AIM: WAND)

Currency in GBP

Last close As at 17/03/2023

GBP13.10

−38.00 (−2.82%)

Market capitalisation

GBP880m

WANdisco’s proprietary replication technology enables its customers to solve critical data-management challenges created by the shift to cloud computing. It has established partner relationships with leading players in the cloud ecosystem including Oracle, Amazon, IBM and Microsoft.

We have withdrawn our estimates following WANdisco’s announcement that management investigations have discovered potentially fraudulent irregularities with regards to received purchase orders and related revenue and bookings. These irregularities give rise to a potential material mis-statement of the company’s financial position and may significantly impact the company’s cash position and lead to going-concern issues. The board warns that FY22 revenue could be as low as US$9m versus at least US$24m anticipated in the January trading update. Due to the nature of the ongoing investigations we have not been able to speak to the company since the announcement.

Sector

TMT

Equity Analyst

Kenneth Mestemacher

Kenneth Mestemacher

Director, TMT

Key Management

  • David Richards

    CEO

  • Erik Miller

    CFO

Balance Sheet

Forecast net debt (US$m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.0 101.9 413.7
Relative 1.9 90.4 359.1
52 week high/low 1380.0p/222.5p

Financials

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2020A 10.5 (22.2) (30.4) (57.3) N/A N/A
2021A 7.3 (29.5) (34.7) (57.9) N/A N/A
2022E N/A N/A N/A N/A N/A N/A
2023E N/A N/A N/A N/A N/A N/A

Thematics

Digital Marketing and Internet Media Technology Platform

TMT

MediaWatch – January 2023

Consumer

IPO apocalypse

TMT

ESG, moving beyond the box tick

TMT

Direct tech investors

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free