Aferian (#AFRN) – H1 update, net debt of $13m “expected to reduce over the remainder of the current financial year”

Aferian – “additional cash funding… gives us adequate headroom over our covenants”. Er, is there and does it?!...

Previously writing on “B2B video streaming solutions company” Aferian (AFRN), in March with the shares falling below 30p I wrote “financial position remains robust”. Really?!, as shares slump again – concluding that I hope my prior warning was heeded and certainly continue to avoid/sell. Now, with the shares just above 17p, an “Additional funding secured and trading update” announcement from the company.

Aferian (#AFRN) – up to £3.25m loan facility from shareholder Kestrel and intention to seek other funding

Aferian – “financial position remains robust”. Really?!, as shares slump again

Having slumped on Friday on the back of a “Trading Update, FY22 Results Delay & Board Update” announcement, what of shares in B2B video streaming company Aferian (AFRN) currently down a further more than 14% today despite a ‘research’ update including “financial position remains robust”?

Aferian (#AFRN) – “substantially below” profit warning, banks discussions “to ensure future covenant compliance” delay results

Aferian – trading update, is it really continuing to execute on improvements?

B2B video streaming technology company Aferian (AFRN) has announced that trading has finished its year “in line with the board's expectations… Net cash at 30 November 2022 is expected to be slightly ahead of expectations at $4m, following better than expected cash collection from customers… Our results demonstrate that we continue to execute on improving our software and annualised recurring revenue growth”. So what of a current 95p share price, comparing to above 130p as recently as October?

Aferian (#AFRN) – customer inventory reductions, warns now expects FY adj. Op profit $7.8m-$8.8m

Aferian – interims, difficult half but confidence in second half prospects - BUY

B2B video streaming technology company Aferian (AFRN) has announced results for its half year ended 31^st May 2022 and confidence in second half prospects.

Aferian (#AFRN) – H1 adj. EPS -70%, DPS maintained, argues H2 prospects “confidence”

Aferian (#AFRN) – H1 update, FY “remains confident in delivering its expectations”

Aferian – positive full-year update, Buy

Video streaming technology company Aferian (AFRN) has announced year ended 30^th November 2021 performance “ahead of the prior year, and in line with board expectations” and confidence looking ahead including increased exit run rate annual recurring revenue of approximately $15 million and further visibility as customers place orders up to 60 weeks in advance in response to extended lead times in the supply chain.

Aferian (#AFRN) – FY “ahead of the prior year, and in line with board expectations”, Chairman change