Ankündigung • Sep 01
Veris Limited, Annual General Meeting, Oct 21, 2025 Veris Limited, Annual General Meeting, Oct 21, 2025. Ankündigung • Aug 27
Veris Limited announces Annual dividend, payable on October 14, 2025 Veris Limited announced Annual dividend of AUD 0.0020 per share payable on October 14, 2025, ex-date on September 26, 2025 and record date on September 29, 2025. Ankündigung • Jul 24
Veris Limited to Report Fiscal Year 2025 Results on Aug 26, 2025 Veris Limited announced that they will report fiscal year 2025 results on Aug 26, 2025 Ankündigung • Jan 30
Veris Limited (ASX:VRS) executed a Share Sale Agreement to acquire to acquire Spatial Vision Innovations Pty Ltd for enterprise value of AUD 3 million. Veris Limited (ASX:VRS) executed a Share Sale Agreement to acquire to acquire Spatial Vision Innovations Pty Ltd for enterprise value of AUD 3 million on January 30, 2025. Veris will pay the vendors of Spatial Vision a mix of cash and scrip consideration of up to AUD 3 million on an enterprise and debt-free basis. Initial consideration to be paid at settlement AUD1.5 million in cash subject to customary net cash/debt and working capital adjustments; and AUD 0.5 million in Veris shares to be determined based on an issue price of
the higher of the 20-day VWAP prior to the date of issue and AID0.03 per share. VRS shares issued at settlement will be subject to 12 months voluntary escrow. Milestone consideration payments as follows, AUD 0.5 million subject to achievement of FY26 Milestone Hurdle, AUD 0.5 million subject to achievement of FY27 Milestone Hurdle. Completion is subject to a number of conditions precedent which are considered customary for a transaction of this nature and is expected to occur by early March 2025. Ankündigung • Jan 28
Veris Limited to Report First Half, 2025 Results on Feb 24, 2025 Veris Limited announced that they will report first half, 2025 results on Feb 24, 2025 Reported Earnings • Aug 27
Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.002 profit in FY 2023) Full year 2024 results: AU$0.009 loss per share (down from AU$0.002 profit in FY 2023). Revenue: AU$92.6m (down 8.2% from FY 2023). Net loss: AU$4.69m (down AU$5.76m from profit in FY 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Ankündigung • Aug 26
Veris Limited, Annual General Meeting, Oct 15, 2024 Veris Limited, Annual General Meeting, Oct 15, 2024. Ankündigung • Aug 21
Veris Limited Appoints Jason Waller CSC as Non-Independent Non-Executive Director Veris Limited announced the appointment of highly experienced business leader, Mr. Jason Waller CSC to its Board as a Non-Independent Non-Executive Director. Mr. Waller Has Consistently Exhibited Significant Leadership Abilities Across A 35-Year Working Career. over This Time, He Has Helped A Number of Emerging Technology and Digital Sector Companies Successfully Upscale Their Businesses, Including Particular Expertise Operating in the Spatial Industry Segment. Mr. Waller Was CEO of Spookfish Ltd, Where He Was Instrumental in Developing and Implementing Short and Long-Term Strategies Delivering Shareholder Value. His Efforts Led to Significant Growth for the Company and the Successful Disruption of Traditional Markets. These Skills Will Be Invaluable to Veris as the Company Continues to Implement A Digital Strategy, Which Is Underpinning A Pivot into Higher Margin Consultancy and Strategic Advisory Services. Mr. Waller Has Also Held Senior Executive Roles in Groups Like Smartcty Pty Ltd. and Intelicare Holdings That Successfully Commercialised Data Analytics, Technologies, Ai/Iot, and Saas Products. Mr. Waller Has Also Worked for Major Companies Including General Electric and Aurizon, Where He Held Senior Management Positions. Mr. Waller Previously Enjoyed A Long and Distinguished Career with the Royal Australian Air Force and Was Awarded the Conspicuous Service Cross (Csc) in the 2009 Australia Day Honours List for His Contribution to the Air Force's Pilot Training Capability. This Strong Background in Defence Is Expected to Support Veris' Efforts to Penetrate This Critical Industry Sector. Mr. Waller Is Currently an Advisory Board Member for Black Nova Venture Capital, and A Non-Executive Director of Spinifex Brewery Pty Ltd. His Previous Board Experience Includes Intelicare Holdings Ltd, Spookfish Technologies and Executive Chair of Smartcty Pty Ltd. Buy Or Sell Opportunity • Mar 14
Now 25% overvalued The stock has been flat over the last 90 days, currently trading at AU$0.06. The fair value is estimated to be AU$0.048, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.9% in a year. Earnings are forecast to grow by 281% in the next year. New Risk • Mar 13
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 123% Dividend yield: 2.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Dividend is not well covered by earnings (123% payout ratio). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (AU$30.6m market cap, or US$20.2m). Reported Earnings • Feb 27
First half 2024 earnings released: EPS: AU$0.001 (vs AU$0.001 in 1H 2023) First half 2024 results: EPS: AU$0.001 (in line with 1H 2023). Revenue: AU$48.3m (down 7.9% from 1H 2023). Net income: AU$320.0k (down 58% from 1H 2023). Profit margin: 0.7% (down from 1.4% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • Feb 01
Veris Limited to Report First Half, 2024 Final Results on Feb 26, 2024 Veris Limited announced that they will report first half, 2024 final results on Feb 26, 2024 Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: AU$0.002 (vs AU$0.001 in FY 2022) Full year 2023 results: EPS: AU$0.002 (up from AU$0.001 in FY 2022). Revenue: AU$100.9m (up 9.2% from FY 2022). Net income: AU$1.07m (up 110% from FY 2022). Profit margin: 1.1% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 29
Veris Limited, Annual General Meeting, Oct 18, 2023 Veris Limited, Annual General Meeting, Oct 18, 2023. New Risk • Aug 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$41.5m market cap, or US$26.7m). Ankündigung • Aug 28
Veris Limited Has Declares Dividend for Twelve Months Ended June 6, 2023, Payable on November 7, 2023 Veris Limited has declared dividend for twelve months ended June 6, 2023 of AUD 0.00150000, payable on November 7, 2023. Ex. date is September 18, 2023 and record date is September 19, 2023. Ankündigung • Aug 18
Veris Limited to Report Fiscal Year 2023 Results on Aug 28, 2023 Veris Limited announced that they will report fiscal year 2023 results on Aug 28, 2023 New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$42.6m market cap, or US$28.2m). Reported Earnings • Feb 28
First half 2023 earnings released: EPS: AU$0.001 (vs AU$0.003 loss in 1H 2022) First half 2023 results: EPS: AU$0.001 (up from AU$0.003 loss in 1H 2022). Revenue: AU$52.5m (up 23% from 1H 2022). Net income: AU$759.0k (up AU$2.27m from 1H 2022). Profit margin: 1.4% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Dec 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 30
Full year 2022 earnings released Full year 2022 results: Revenue: AU$92.4m (down 7.2% from FY 2021). Net income: AU$510.0k (up AU$1.89m from FY 2021). Profit margin: 0.6% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Board Change • Jul 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 12
Independent Non-Executive Chairman recently bought AU$130k worth of stock On the 8th of April, Karl Paganin bought around 2m shares on-market at roughly AU$0.065 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$320k. This was Karl's only on-market trade for the last 12 months. Board Change • Apr 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 11
Insider recently bought AU$320k worth of stock On the 3rd of March, Frank Cooper bought around 4m shares on-market at roughly AU$0.078 per share. In the last 3 months, they made an even bigger purchase worth AU$387k. Insiders have collectively bought AU$923k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 24
Insider recently bought AU$387k worth of stock On the 20th of December, Frank Cooper bought around 6m shares on-market at roughly AU$0.07 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$654k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 15
Independent Non-Executive Director recently bought AU$139k worth of stock On the 12th of October, David Murray bought around 2m shares on-market at roughly AU$0.07 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$52k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.061 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$99.6m (up 5.8% from FY 2020). Net loss: AU$1.38m (loss narrowed 94% from FY 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 19
Insider recently bought AU$60k worth of stock On the 16th of August, Frank Cooper bought around 850k shares on-market at roughly AU$0.07 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$94k more in shares than they bought in the last 12 months. Executive Departure • Jun 02
Independent Non-Executive Director has left the company On the 1st of June, Thomas Lawrence's tenure as Independent Non-Executive Director ended after 9.6 years in the role. As of March 2021, Thomas personally held 13.14m shares (AU$328k worth at the time). A total of 2 executives have left over the last 12 months. Recent Insider Transactions • Oct 22
Insider recently sold AU$216k worth of stock On the 16th of October, Chapman Graeme sold around 6m shares on-market at roughly AU$0.035 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought AU$226k more than they sold in the last 12 months. 
