New Risk • Jun 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.3m (US$9.30m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Market cap is less than US$10m (AU$13.3m market cap, or US$9.30m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (AU$3.2m revenue, or US$2.2m). New Risk • May 11
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 16% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (AU$3.2m revenue, or US$2.3m). Market cap is less than US$100m (AU$18.0m market cap, or US$13.0m). Ankündigung • Mar 31
OpenLearning Limited, Annual General Meeting, May 27, 2026 OpenLearning Limited, Annual General Meeting, May 27, 2026. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$3.2m revenue, or US$2.3m). Market cap is less than US$100m (AU$21.9m market cap, or US$15.6m). New Risk • Jan 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-AU$2.7m). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (AU$2.6m revenue, or US$1.7m). Market cap is less than US$100m (AU$28.9m market cap, or US$19.4m). Recent Insider Transactions Derivative • Dec 24
Non-Executive Director exercised options to buy AU$6.7m worth of stock. On the 22nd of December, Rupesh Singh exercised options to buy 177m shares at a strike price of around AU$0.018, costing a total of AU$3.1m. This transaction amounted to 57% of their direct individual holding at the time of the trade. Since December 2024, Rupesh's direct individual holding has increased from 244.89m shares to 489.11m. Company insiders have collectively bought AU$3.4m more than they sold, via options and on-market transactions, in the last 12 months. Ankündigung • Dec 01
OpenLearning Limited has completed a Follow-on Equity Offering in the amount of AUD 0.153037 million. OpenLearning Limited has completed a Follow-on Equity Offering in the amount of AUD 0.153037 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,559,000
Price\Range: AUD 0.043
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 27
OpenLearning Limited has filed a Follow-on Equity Offering in the amount of AUD 0.153037 million. OpenLearning Limited has filed a Follow-on Equity Offering in the amount of AUD 0.153037 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,559,000
Price\Range: AUD 0.043
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 08
OpenLearning Limited has filed a Follow-on Equity Offering in the amount of AUD 2.6 million. OpenLearning Limited has filed a Follow-on Equity Offering in the amount of AUD 2.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 61,363,632
Price\Range: AUD 0.022
Discount Per Security: AUD 0.00132
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 56,818,181
Price\Range: AUD 0.022
Discount Per Security: AUD 0.00132
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Oct 01
Non-Executive Director recently bought AU$147k worth of stock On the 25th of September, Rupesh Singh bought around 7m shares on-market at roughly AU$0.02 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$213k more in shares than they have sold in the last 12 months. New Risk • Sep 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 23% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-AU$2.7m). Market cap is less than US$10m (AU$10.6m market cap, or US$7.02m). Minor Risk Revenue is less than US$5m (AU$2.6m revenue, or US$1.7m). Reported Earnings • Sep 02
First half 2025 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in 1H 2024) First half 2025 results: AU$0.004 loss per share (in line with 1H 2024). Revenue: AU$1.39m (up 30% from 1H 2024). Net loss: AU$2.05m (loss widened 23% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Ankündigung • Apr 30
OpenLearning Limited, Annual General Meeting, May 30, 2025 OpenLearning Limited, Annual General Meeting, May 30, 2025. Location: level 5 126 phillip street, sydney nsw 2000 Australia Ankündigung • Apr 11
OpenLearning Limited (ASX:OLL) entered into an agreement to acquire Employability Advantage business of ECA Investments Group Pty Ltd for AUD 1. OpenLearning Limited (ASX:OLL) entered into an agreement to acquire Employability Advantage business of ECA Investments Group Pty Ltd for AUD 1 on April 11, 2025. A cash consideration of AUD 1 will be paid by OpenLearning Limited. As part of consideration, AUD 1 is paid towards common equity of Employability Advantage business of ECA Investments Group Pty Ltd. Reported Earnings • Apr 06
Full year 2024 earnings released: AU$0.008 loss per share (vs AU$0.017 loss in FY 2023) Full year 2024 results: AU$0.008 loss per share (improved from AU$0.017 loss in FY 2023). Revenue: AU$2.28m (flat on FY 2023). Net loss: AU$2.85m (loss narrowed 36% from FY 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: AU$0 (vs AU$0.017 loss in FY 2023) Full year 2024 results: EPS: AU$0 (improved from AU$0.017 loss in FY 2023). Revenue: AU$2.34m (up 2.2% from FY 2023). Net loss: AU$2.85m (loss narrowed 36% from FY 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Ankündigung • Dec 11
OpenLearning Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. OpenLearning Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,823,530
Price\Range: AUD 0.017
Discount Per Security: AUD 0.00136
Transaction Features: Subsequent Direct Listing Ankündigung • Aug 01
OpenLearning Limited Announces Change in Company Secretary OpenLearning Limited advised that Ms. Robyn Slaughter has resigned as Company Secretary of the Company, effective immediately. Ms. Maria Clemente and Ms. Sally Greenwood of Automic will be appointed as Joint Company Secretary of the Company, effectively immediately. Ms. Clemente is a corporate governance and compliance expert with 15 years of experience in corporate advisory and is admitted as a lawyer in New South Wales. Ms. Clemente was a senior listings adviser at the ASX where she had extensive involvement in the oversight of listed entities in the information technology, telecommunications, consumer services and agriculture sectors, and demonstrated solid understanding of the listing rules and their application to capital raisings, mergers and acquisitions and other corporate transactions. Maria currently advises several ASX-listed entities and private companies and manages all levels of company secretarial compliance. Ms. Greenwood is a qualified Governance Professional and Associate of the Governance Institute undergraduate degree in Law. Ms Greenwood is currently Company Secretary of and provides company secretarial support to ASX listed, unlisted public and private companies across a range of industries including financial services, charities, technology and education. New Risk • Jun 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.1m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-AU$2.0m). Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Market cap is less than US$10m (AU$6.35m market cap, or US$4.23m). Minor Risk Revenue is less than US$5m (AU$2.3m revenue, or US$1.5m). Ankündigung • Mar 29
OpenLearning Limited, Annual General Meeting, May 31, 2024 OpenLearning Limited, Annual General Meeting, May 31, 2024. Reported Earnings • Mar 01
Full year 2023 earnings released: AU$0.016 loss per share (vs AU$0.026 loss in FY 2022) Full year 2023 results: AU$0.016 loss per share (improved from AU$0.026 loss in FY 2022). Revenue: AU$2.38m (down 25% from FY 2022). Net loss: AU$4.42m (loss narrowed 22% from FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Ankündigung • Oct 11
OpenLearning Limited Announces Change of Company Secretary OpenLearning Limited advised that Ms. Nova Taylor from the Automic Group has resigned as Joint Company Secretary of the Company, effective immediately. Ms. Nova Taylor's resignation is a result of her resignation from Automic Group, the Company's Corporate Secretarial service provider. Ms. Robyn Slaughter of Automic Group will continue in her role, being the sole Company Secretary. Ms. Robyn Slaughter will be the person responsible for communications between the Company and ASX. Reported Earnings • Sep 05
First half 2023 earnings released: AU$0.008 loss per share (vs AU$0.015 loss in 1H 2022) First half 2023 results: AU$0.008 loss per share (improved from AU$0.015 loss in 1H 2022). Revenue: AU$1.05m (down 36% from 1H 2022). Net loss: AU$2.23m (loss narrowed 29% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Ankündigung • Jun 29
OpenLearning Limited Announces Resignation of Lisa Maletta as Chief Financial Officer OpenLearning Limited announced that it will now handle the responsibilities of the CFO in-house, and that Lisa Maletta of Bacchus Associates will be stepping down as the Company’s external provider of CFO services effective immediately. The Company's Finance Director who has handled the Company's in house finance function since 2018 will continue to do so following Ms Maletta's departure. Reported Earnings • Mar 03
Full year 2022 earnings released: AU$0.025 loss per share (vs AU$0.04 loss in FY 2021) Full year 2022 results: AU$0.025 loss per share (improved from AU$0.04 loss in FY 2021). Revenue: AU$3.27m (down 6.7% from FY 2021). Net loss: AU$5.65m (loss narrowed 16% from FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Ankündigung • Jan 30
OpenLearning Limited Announces the Resignation of Ben Shields as Non-Executive Director OpenLearning Limited announced that Mr. Ben Shields has resigned as a Non-Executive Director of the company effective 27 January 2023. 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. 4 non-independent directors. Independent Non-Executive Director John Merakovsky was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 12
OpenLearning Limited announced that it has received AUD 1.106594 million in funding from Education Centre of Australia Pty Ltd OpenLearning Limited announced that it has issued 25,734,750 new common shares at a price of AUD 0.043 per share for the gross proceeds of AUD 1,106,594 on October 11, 2022. The transaction included participation from Education Centre of Australia Pty Ltd for 10.7% stake in the company. Rupesh K. Singh of Education Centre of Australia Pty Ltd will join the company board of directors as a non-executive director as part of the transaction. The placement will utilise the company’s existing capacity to issue the securities under ASX Listing Rule 7.1.The allotment of the new placement shares is anticipated to occur on or around 12th October 2022. Reported Earnings • Sep 01
First half 2022 earnings released: AU$0.015 loss per share (vs AU$0.019 loss in 1H 2021) First half 2022 results: AU$0.015 loss per share. Revenue: AU$1.71m (up 30% from 1H 2021). Net loss: AU$3.15m (loss widened 3.6% from 1H 2021). Over the next year, revenue is forecast to grow 153%, compared to a 49% growth forecast for the Software industry in Australia. Ankündigung • May 26
OpenLearning Limited Announces Board Changes OpenLearning Limited announced that the Company has appointed Non-Executive Director Mr. Spiro Pappas as interim Chair of the Company effective immediately. Mr. Kevin Barry will remain as an independent Non-Executive Director of the Company until the appointment of another independent Non-Executive Director, at which time Mr. Barry will cease his role as an independent Non-Executive Director of OpenLearning Limited. Ankündigung • May 23
OOpenLearning Limited Announces Not Stand for Re-Election of David Buckingham as Director OpenLearning Limited announced that Mr. David Buckingham will not be seeking re-election as a Director of the Company at the Annual General Meeting to be held on 27 May 2022. The Company withdraws Resolution 3 for the re-election of David Buckingham as Director from the upcoming Annual General Meeting. Price Target Changed • Apr 27
Price target decreased to AU$0.26 Down from AU$0.36, the current price target is provided by 1 analyst. New target price is 400% above last closing price of AU$0.052. Stock is down 71% over the past year. The company is forecast to post a net loss per share of AU$0.03 next year compared to a net loss per share of AU$0.04 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Group CEO, MD & Director Adam Brimo is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 26
Maya Hari Resigns as Director of OpenLearning Limited OpenLearning Limited advised that Ms. Maya Hari has resigned as a Director of the Company effective immediately. Reported Earnings • Apr 06
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: AU$0.04 loss per share (down from AU$0.039 loss in FY 2020). Revenue: AU$3.51m (up 86% from FY 2020). Net loss: AU$6.73m (loss widened 20% from FY 2020). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 97%, compared to a 330% growth forecast for the industry in Australia. Major Estimate Revision • Mar 06
Consensus revenue estimates fall by 13% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from AU$7.90m to AU$6.90m. Forecast losses increased from -AU$0.02 to -AU$0.03 per share. Software industry in Australia expected to see average net income growth of 38% next year. Consensus price target down from AU$0.36 to AU$0.26. Share price fell 3.4% to AU$0.084 over the past week. Reported Earnings • Mar 01
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: AU$0.04 loss per share (down from AU$0.039 loss in FY 2020). Revenue: AU$3.67m (up 94% from FY 2020). Net loss: AU$6.73m (loss widened 20% from FY 2020). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 88%, compared to a 30% growth forecast for the industry in Australia. Ankündigung • Nov 27
OpenLearning Limited announced that it expects to receive AUD 2.9 million in funding from Alchemy Tribridge Sapphire Pty Ltd OpenLearning Limited announced that it will issue 31,182,796 shares at a price of AUD 0.093 per share for gross proceeds of AUD 2,900,000 on November 26, 2021. The transaction will include participation from new investor Alchemy Tribridge Sapphire Pty Ltd for 19.9% stake. The company will also issue 6,422,908 options to acquire shares at a price of AUD 0.093 per share expiring on September 30, 2022. As part of the transaction, Ben Shields of Alchemy Tribridge Sapphire Pty Ltd will join the board of directors of the company. The transaction is expected to close on November 29, 2021. Price Target Changed • Sep 01
Price target decreased to AU$0.39 Down from AU$0.43, the current price target is provided by 1 analyst. New target price is 179% above last closing price of AU$0.14. Stock is down 52% over the past year. Reported Earnings • Feb 28
Full year 2020 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: AU$2.00m (up 25% from FY 2019). Net loss: AU$5.62m (loss narrowed 27% from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 28
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 30%. Over the next year, revenue is forecast to grow 165%, compared to a 23% growth forecast for the Software industry in Australia. Is New 90 Day High Low • Jan 29
New 90-day low: AU$0.20 The company is down 44% from its price of AU$0.36 on 30 October 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: AU$0.24 The company is down 23% from its price of AU$0.31 on 08 October 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: AU$0.27 The company is down 17% from its price of AU$0.32 on 04 September 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 15% over the same period. Ankündigung • Oct 29
OpenLearning Limited announced that it expects to receive AUD 5.939499 million in funding OpenLearning Limited (ASX:OLL) announced a private placement to issue 21,212,495 shares at a price of AUD 0.28 per share for gross proceeds of AUD 5,939,498.6 on October 28, 2020. The transaction will include participation from a large number of new and existing institutional and sophisticated investors and family offices. The transaction is expected to close on or about November 2, 2020. 