Ankündigung • Apr 30
NOVONIX Limited to Report Q1, 2026 Results on Apr 29, 2026 NOVONIX Limited announced that they will report Q1, 2026 results on Apr 29, 2026 Recent Insider Transactions Derivative • Mar 02
Independent Chairman exercised options to buy AU$81k worth of stock. On the 27th of February, Ronald Edmonds exercised options to buy 241k shares at a strike price of around AU$0.34, costing a total of AU$81k. This transaction amounted to 138% of their direct individual holding at the time of the trade. Since March 2025, Ronald has owned 175.15k shares directly. Company insiders have collectively bought AU$25k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Feb 27
Full year 2025 earnings released: US$0.14 loss per share (vs US$0.15 loss in FY 2024) Full year 2025 results: US$0.14 loss per share. Net loss: US$92.7m (loss widened 24% from FY 2024). New Risk • Feb 27
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$102m This is considered a minor 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 Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$102m). Ankündigung • Oct 31
Novonix Appoints Dwayne Johnson as Chief Operating Officer NOVONIX announced the appointment of Dwayne Johnson as Chief Operating Officer. Mr. Johnson brings over 30 years of experience in manufacturing and capital project leadership, with a proven record of driving strategic growth, operational excellence, and continuous improvement across multiple industries. Prior to joining NOVONIX, Mr. Johnson served as Vice President of Strategy, Capital Projects, and Operations at EMT, the largest supplier of manufactured products to the cementitious building products industry. In this role, he led the execution of a five-year strategic growth plan that expanded operations to 10 greenfield manufacturing facilities, oversaw more than $500 million in capital investments, and doubled the company profitability. Mr. Johnson holds both B.S. and M.S. degrees in Chemical Engineering from Case Western Reserve University, where he graduated Magna Cum Laude, as well as an MBA. His extensive background in facility construction, process scale-up, and operational strategy will further advance NOVONIX's mission to build a sustainable and scalable domestic supply chain for battery materials. New Risk • Oct 06
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 14% 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 Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Significant insider selling over the past 3 months (AU$209k sold). Ankündigung • Sep 26
Axon Graphite Limited acquired MD South Tenements Pty Ltd from NOVONIX Limited (ASX:NVX) for AUD 2 million. Axon Graphite Limited acquired MD South Tenements Pty Ltd from NOVONIX Limited (ASX:NVX) for AUD 2 million on September 24, 2025. A cash consideration of AUD 2 million will be paid by Axon Graphite Limited.
Axon Graphite Limited completed the acquisition of MD South Tenements Pty Ltd from NOVONIX Limited (ASX:NVX) on September 24, 2025. Ankündigung • Sep 10
NOVONIX Limited announced that it has received $95 million in funding from Yorkville Advisors Global LP On September 8, 2025, NOVONIX Limited closed the transaction. The company issued debentures in the principal amount of $35,500,000 at a discount of 5% for gross proceeds of $33,725,000 in its second tranche and issued debenture in the principal amount of $40,000,000 at a discount of 5% for gross proceeds of $38,000,000 in its additional tranche. The transaction has been approved by board of directors of the company. Recent Insider Transactions • Aug 29
Non-Executive Director recently sold AU$163k worth of stock On the 27th of August, Nicholas Liveris sold around 300k shares on-market at roughly AU$0.54 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$612k more than they bought in the last 12 months. Reported Earnings • Aug 23
First half 2025 earnings released: US$0.032 loss per share (vs US$0.059 loss in 1H 2024) First half 2025 results: US$0.032 loss per share (improved from US$0.059 loss in 1H 2024). Net loss: US$20.1m (loss narrowed 30% from 1H 2024). Revenue is forecast to grow 103% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. New Risk • Aug 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% 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 Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$76m net loss next year). Ankündigung • Jun 11
NOVONIX Limited Announces Board Leadership Changes NOVONIX Limited announced the appointment of Mr. Ronald Edmonds as the new Independent Chair of its Board of Directors, effective July 1, 2025. Mr. Edmonds joined the NOVONIX Board in October 2022 and is a seasoned finance leader with extensive experience in leadership roles at Dow Chemical. On August 1, 2024, Mr. Edmonds was appointed to the interim role of Executive Officer Finance, to assist with the transition of the new Chief Financial Officer. This appointment ends on June 30, 2025. Admiral Robert Natter, the current Chair, will continue as a non-executive director and will assume the role of Deputy Chair. In addition, he will serve as a member of both the Audit and Risk Management Committee and the Nominating and Corporate Governance Committee. Mr. Tony Bellas, the current Deputy Chair, will continue as a non-executive director, serving as Chair of the Audit & Risk Management Committee, and a member of both the Remuneration Committee and the Nominating and Corporate Governance Committee. These board leadership changes reflect the Board's ongoing commitment to thoughtful succession planning and long-term stability. New Risk • May 19
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 13% 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 Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$76m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (AU$288k sold). Ankündigung • Apr 28
NOVONIX Limited Announces Chief Executive Officer Changes NOVONIX Limited announced the appointment of Michael O’Kronley as Chief Executive Officer, effective May 19, 2025. With a strong technical foundation in engineering, Mr. O’Kronley brings over 30 years of automotive experience, including 15 years in the Lithium-ion battery and battery materials space. Most recently, Mr. O’Kronley served as Chief Executive Officer of Ascend Elements where he increased the enterprise value of the company by USD 1.6 billion in 5 years. Mr. O’Kronley succeeds Mr. Robert Long, who has served as Interim CEO since January 2025. He will now resume his role as Chief Financial Officer, continuing to play a key role in the Company’s strategic and financial leadership. Recent Insider Transactions • Mar 15
Non-Executive Director recently sold AU$222k worth of stock On the 13th of March, Nicholas Liveris sold around 500k shares on-market at roughly AU$0.44 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$382k more than they bought in the last 12 months. New Risk • Mar 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% 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 Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Reported Earnings • Mar 01
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$0.15 loss per share (further deteriorated from US$0.095 loss in FY 2023). Net loss: US$74.8m (loss widened 62% from FY 2023). Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 130% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. Ankündigung • Feb 19
NOVONIX Limited, Annual General Meeting, Apr 02, 2025 NOVONIX Limited, Annual General Meeting, Apr 02, 2025. Ankündigung • Jan 28
NOVONIX Limited has completed a Follow-on Equity Offering in the amount of AUD 52.101623 million. NOVONIX Limited has completed a Follow-on Equity Offering in the amount of AUD 52.101623 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 74,064,647
Price\Range: AUD 0.6
Discount Per Security: AUD 0.024
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,771,392
Price\Range: AUD 0.6
Discount Per Security: AUD 0.024
Transaction Features: Subsequent Direct Listing Ankündigung • Jan 21
NOVONIX Limited Announces Chief Executive Officer Changes, Effective 24 January 2025 NOVONIX Limited announced the planned transition in the Chief Executive Officer (“CEO”) role, with Dr. Chris Burns stepping down as Chief Executive Officer, effective 24 January 2025. Dr. Burns will continue to support the Company in an advisory capacity, serving as Special Advisor to the Board of Directors (the “Board”), in order to provide continuity, support ongoing operations of the Company and ensure a smooth transition. Dr. Burns has led NOVONIX since September 2020 and has positioned the company for the next phase of growth as it scales up operations at its production facilities in Chattanooga, Tennessee. With significant accomplishments during 2024, NOVONIX plans to begin production from its Riverside facility this year. With Dr. Burns’ stepping down, the Board has commenced a search for a new CEO who will be based at the Company’s headquarters in Chattanooga and will have experience in manufacturing, operations and scale-up to lead the Company into the planned growth in NOVONIX’s synthetic graphite production over the coming years. The Board of Directors has appointed Mr. Robert Long, NOVONIX Chief Financial Officer, to serve as interim CEO, effective 24 January 2025, until a permanent CEO is appointed. Mr. Long will work closely with the Board to ensure a smooth transition and maintain momentum and focus on key strategic goals. Ankündigung • Dec 31
NOVONIX Limited to Report Q4, 2024 Results on Jan 30, 2025 NOVONIX Limited announced that they will report Q4, 2024 results After-Market on Jan 30, 2025 New Risk • Dec 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor 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 Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (AU$161k sold). New Risk • Nov 25
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 13% 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 (-US$53m free cash flow). Earnings have declined by 29% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (AU$161k sold). Ankündigung • Oct 03
NOVONIX Limited to Report Q3, 2024 Results on Oct 30, 2024 NOVONIX Limited announced that they will report Q3, 2024 results on Oct 30, 2024 Recent Insider Transactions • Sep 20
Director recently sold AU$93k worth of stock On the 16th of September, Nicholas Liveris sold around 162k shares on-market at roughly AU$0.58 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 23
First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First half 2024 results: US$0.059 loss per share (further deteriorated from US$0.058 loss in 1H 2023). Net loss: US$28.7m (loss widened 2.2% from 1H 2023). Revenue missed analyst estimates by 35%. Earnings per share (EPS) exceeded analyst estimates by 1.2%. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Price Target Changed • May 09
Price target decreased by 9.1% to AU$1.00 Down from AU$1.10, the current price target is provided by 1 analyst. New target price is 19% above last closing price of AU$0.84. Stock is down 20% over the past year. The company posted a net loss per share of US$0.095 last year. New Risk • Apr 05
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 13% 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 (-US$55m free cash flow). Earnings have declined by 35% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Ankündigung • Apr 03
Axon Graphite Limited signed a definitive agreement to acquire Md South Tenements Pty. Ltd. from NOVONIX Limited (ASX:NVX) for approximately AUD 10 million on April 3, 2024. Axon Graphite Limited signed a definitive agreement to acquire Md South Tenements Pty. Ltd. (MDSTPL) from NOVONIX Limited (ASX:NVX) for approximately AUD 10 million on April 3, 2024. As consideration, Axon Graphite issuing 50 million fully paid ordinary shares issued at AUD 0.20 per share to the Seller. The transaction consists of sale of 100 shares in the capital of MDSTPL by NOVONIX to Lithium Energy, comprising 100% of the issued capital of MDSTPL. The acquisition includes 100% interest in the tenements comprising the Mt Dromedary Graphite Project: EPM 17246, EPM 17323 and EPM 26025 (Sub-Blocks D, J, O and S within Normanton 3123 Block) (Mt Dromedary Mining Interests). The transaction is subject to the completion of the parties' due diligence enquiries, regulatory approval, completion of the proposed initial public offering (“IPO”) of Axon, receipt of approval for the admission of Axon to the ASX and all liabilities of Md South Tenements Pty. owed to the Seller being released, forgiven or discharged. Upon completion, Lithium Energy and NOVONIX Limited to merge their adjoining Queensland Graphite Assets into spin-out company namely-Axon Graphite Limited. The transaction is expected to be closed six months from the date of the agreement and one business day after the last of the parties have given their notice of compliance with all of their obligations under the Conditions Precedent, to the other parties. Ankündigung • Mar 07
NOVONIX Limited, Annual General Meeting, Apr 17, 2024 NOVONIX Limited, Annual General Meeting, Apr 17, 2024, at 09:00 E. Australia Standard Time. Location: Allens, Level 26, 480 Queen Street Brisbane QLD BRISBANE Australia Agenda: To consider Financial Statements and Reports; to consider Remuneration Report (Non-Binding); to consider : Election of Director Mr Suresh Vaidyanathan; to consider Election of Director Ms Sharan Burrow AC; to consider Issue of FY23 Share Rights to Mr Ron Edmonds; to consider Issue of FY24 Share Rights to Admiral Robert Natter; to consider Issue of FY24 Share Rights to Mr Anthony Bellas; to consider Issue of FY24 Share Rights to Phillips 66 Company; to consider Issue of FY24 Share Rights to Ms Jean Oelwang; to consider Issue of FY24 Share Rights to Mr Ron Edmonds; to consider Issue of FY24 Share Rights to Ms Sharan Burrow AC; to consider Issue of FY24 Performance Rights to Mr Nick Liveris; to consider Contingent Business. Reported Earnings • Feb 29
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: US$0.095 loss per share (improved from US$0.12 loss in FY 2022). Net loss: US$46.2m (loss narrowed 17% from FY 2022). Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 30% per year. Ankündigung • Feb 05
NOVONIX Limited Appoints Sharan Burrow AC to Its Board of Directors, Effective 28 February, 2024 NOVONIX Limited announced the appointment of Sharan Burrow AC to its Board of Directors, effective 28 February, 2024. Sharan Burrow is a global advocate for human rights, climate action, and Just Transition. She is the former General Secretary of the International Trade Union Confederation (2010-2022). Previously she was President of the Australian Council of Trade Unions (20002010). Ms. Burrow is well known for her international advocacy on employment, human rights, industrial relations, corporate responsibility, and climate action with just transition solutions. She has represented workers and civil society groups in global policy discussions in United Nations bodies, on the Governing Body of the International Labour Organisation as well as at the tables of the G7, G20, World Bank, and International Monetary Fund. She has twice been a Co-Chair of the World Economic Forum's Annual Meeting in Davos. Ms. Burrow is currently a Visiting Professor in Practice at the London School of Economics- Grantham Institute, a Vice Chair of the European Climate Foundation, a board member of the Green Hydrogen Association, Co-Chair of the IEA Labour Council, a Commissioner for the Global Commission on Climate Governance, a B Team Leader and formerly Co-chair of 100% Human at Work. Sharan has also been appointed to the Temasek Sustainability Advisory Panel. Ankündigung • Jan 25
NOVONIX Limited to Report Q4, 2023 Results on Jan 30, 2024 NOVONIX Limited announced that they will report Q4, 2023 results on Jan 30, 2024 Ankündigung • Dec 20
Daniel Akerson Resigns from NOVONIX Limited Board of Directors NOVONIX Limited announced that Daniel Akerson has resigned from the Company's Board of Directors effective December 20, 2023. Mr. Akerson cited personal reasons for his departure from the Company's board. Mr. Akerson has been a strong contributor to NOVONIX's Board of Directors since 2022, bringing valuable expertise and strategic insights to the organization. During his tenure, he has played a key role in guiding the Company through scaling of its anode materials operation, progressing customer agreements, and has been instrumental in shaping the Company's strategic direction. New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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 (-US$88m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Ankündigung • Oct 26
NOVONIX Limited to Report Q3, 2023 Results on Oct 26, 2023 NOVONIX Limited announced that they will report Q3, 2023 results at 5:30 PM, Eastern Daylight on Oct 26, 2023 New Risk • Oct 23
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 16% 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 (-US$88m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Recent Insider Transactions • Sep 19
Non-Executive Chairman recently bought AU$296k worth of stock On the 15th of September, Robert Natter bought around 380k shares on-market at roughly AU$0.78 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Robert has been a net seller over the last 12 months, reducing personal holdings by AU$60k. Ankündigung • Sep 15
Novonix Limited Provide an Update on Production from Its Proprietary, Continuous Induction Generation 3 Furnaces Novonix Limited provided an update on production from its proprietary, continuous induction Generation 3 Furnaces at its Riverside, Tennessee facility. The Company previously reported its high-performance battery grade synthetic graphite met specification targets from its Furnaces. Production campaigns have been ongoing to provide both operating data and economic insight on this breakthrough technology. In the most recent campaign, material was produced that met all specifications while also reaching the equipment design throughput targets. The Company will continue with production campaigns to collect more operational data and provide mass-production material for sampling to potential customers. The achievement of these milestones highlights the potential of the Company’s continuous induction Furnace technology in meeting production targets at competitive cost while reaching company's high-energy efficiency target with a near zero-emission process. The Company is updating the engineering for both the process equipment and Riverside facility with an increased production target of up to 20,000 tonnes per annum (tpa), compared to the initial target of 10,000 tpa. This updated throughput will support KORE Power and other prospective customers with whom the Company is in discussions about product qualification, production timelines and potential supply agreements. The Company expects engineering work to confirm this full facility re-design to be completed in the first quarter of 2024 which will support the continued deployment of additional mass production equipment for the start of commercial production for KORE Power in late 2024. Ankündigung • Sep 14
Novonix Limited Announces the Cessation of Zhanna Golodryga as Director Novonix Limited announced the cessation of Zhanna Golodryga as Director, effective September 7, 2023. Ankündigung • Sep 07
Novonix Limited Announces Board Changes NOVONIX Limited announced the appointment of Suresh Vaidyanathan, Vice President, Emerging Energy for Phillips 66 to its Board of Directors, effective September 6th. Mr. Vaidyanathan replaces outgoing Board member Zhanna Golodryga, Executive Vice President of Emerging Energy of Phillips 66. Pursuant to Phillips 66’s 2021 investment in the Company, Phillips 66 maintains the right to nominate a member to the Board of NOVONIX. Suresh Vaidyanathan is Vice President, Emerging Energy, for Phillips 66. A chemical engineer by training, Mr. Vaidyanathan has more than 30 years of global experience in the downstream oil and gas industry. Prior to assuming his current role in 2023, he served in a variety of refining, technical services, operations and strategy leadership roles across Phillips 66. He started his career at HPCL of India in 1991 (formerly Exxon-Caltex Refining), and later worked in the Fractionation industry with Koch Industries and Sulzer Chemtech in India, Europe and the U.S. Mr. Vaidyanathan holds a master’s degree in chemical engineering from the Indian Institute of Technology (IIT), and an MBA from Southern Methodist University. Recent Insider Transactions Derivative • Sep 01
Non-Executive Chairman exercised options to buy AU$534k worth of stock. On the 29th of August, Robert Natter exercised options to buy 577k shares at a strike price of around AU$0.75, costing a total of AU$431k. This transaction amounted to 33% of their direct individual holding at the time of the trade. Since December 2022, Robert's direct individual holding has decreased from 2.13m shares to 1.76m. Company insiders have collectively bought AU$364k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 29
First half 2023 earnings released: US$0.058 loss per share (vs US$0.064 loss in 1H 2022) First half 2023 results: US$0.058 loss per share (improved from US$0.064 loss in 1H 2022). Net loss: US$28.1m (loss narrowed 9.5% from 1H 2022). Revenue is forecast to grow 57% p.a. on average during the next 4 years, compared to a 17% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Ankündigung • Jul 22
Novonix Limited's Battery Technology Solutions Division Commissions Zero-Waste Cathode Pilot Line Novonix Limited announced its Battery Technology Solutions division successfully completed the commissioning of its 10 tonnes per annum (TPA) cathode pilot line. The cathode pilot line’s first product, a mid-nickel grade of single-crystal cathode material (“NMC622"), produced using NOVONIX’s patent-pending, all-dry, zero-waste synthesis technology, matches the performance of leading cathode materials from existing suppliers in full-cell testing. NOVONIX will use the pilot line to further demonstrate the manufacturability of the Company’s long-life cathode materials and technology, including high-nickel (NMC811) and cobalt-free materials, along with their performance in industrial format lithium-ion cells. The NMC622 cathode material serves as a platform to expand upon the all-dry process into high-nickel and cobalt-free chemistries, demonstrating the flexibility of the NOVONIX technology across a range of critical cathode materials. The Company previously shared performance data from their all-dry, mid-nickel cathode powder that was built into 1-Ah pouch battery cells, by leveraging their cell prototyping line, and benchmarked against commercial cathode powders of the same chemistry. The data, seen in the figure below, showed that cells containing NOVONIX all-dry, zero-waste cathode powder had similar capacity retention out to 400+ cycles as high-quality, commercial, mid-nickel, single-crystal cathode powders without any ‘finishing’ or surface treatments. Early physical property measurements of mid-nickel cathode powders produced on the 10 tpa pilot line indicate similar, if not superior, expected electrochemical performance from the scaled material. The positive performance results around NMC622 mark a critical step in enabling the Company to proceed with plans to scale larger test samples and begin commercial discussions with potential partners and customers for its cathode technology. Recent Insider Transactions • Jul 07
Non-Executive Chairman recently sold AU$356k worth of stock On the 30th of June, Robert Natter sold around 373k shares on-market at roughly AU$0.95 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Ankündigung • Jun 08
Novonix Limited announced that it expects to receive AUD 45.05 million in funding from LG Energy Solution, Ltd. Novonix Limited entered into Unsecured Convertible Note Agreement for the private placement of redeemable unsecured convertible notes for gross proceeds of $30 million (AUD 45.05 million) on June 7, 2023. The transaction will include participation from new investor, LG Energy Solution, Ltd. The notes will have 4% coupon rate and a maturity date of June 7, 2028. The convertible notes will mandatorily convert into ordinary shares upon acceptance of the first purchase order under the purchase agreement, although the investor may elect to convert some or all of the notes prior to such time. No interest would be payable on the notes in these circumstances. The convertible notes may be redeemed or converted on the maturity date, in which case interest is payable in cash or “in-kind” (in the case of conversion). The convertible notes will be issued with a conversion price of AUD 1.60 per common share. Breakeven Date Change • Apr 04
Forecast to breakeven in 2024 The analyst covering Novonix expects the company to break even for the first time. New forecast suggests the company will make a profit of US$41.8m in 2024. Average annual earnings growth of 16% is required to achieve expected profit on schedule. Reported Earnings • Mar 01
First half 2023 earnings released: US$0.057 loss per share (vs US$0.047 loss in 1H 2022) First half 2023 results: US$0.057 loss per share (further deteriorated from US$0.047 loss in 1H 2022). Net loss: US$27.9m (loss widened 33% from 1H 2022). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target increased to AU$3.11 Up from AU$2.11, the current price target is provided by 1 analyst. New target price is 18% above last closing price of AU$2.64. Stock is down 73% over the past year. The company is forecast to post a net loss per share of AU$0.13 next year compared to a net loss per share of AU$0.15 last year. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Charles St Baker was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Oct 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Charles St Baker was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • Oct 26
Novonix Limited Announces Board Appointments Novonix Limited announced the appointment of Daniel Akerson and Ron Edmonds to its Board of Directors, effective October 27, 2022. Mr. Akerson has served as an executive and director for multiple Fortune 100 companies, including as the former Chairman and Chief Executive Officer of General Motors from 2010 to 2014. In 2002, he joined The Carlyle Group as a Global Partner and Co-Head of U.S. Buyout, and then became head of the firm'sGlobal Buyout operations. In addition to his executive positions, Mr. Akerson currently serves as lead director on the Lockheed Martin Board of Directors and was previously Chairman of the United States Naval Academy Foundation. Mr. Edmonds is a highly accomplished finance executive, currently serving as Chief Accounting Officer at Dow. Prior to Dow, he served in finance and accounting roles at Chiquita Brands International, The Upjohn Company, andArthur Andersen & Company. Breakeven Date Change • Oct 22
Forecast to breakeven in 2024 The analyst covering Novonix expects the company to break even for the first time. New forecast suggests losses will reduce by 8.0% to 2023. The company is expected to make a profit of AU$65.6m in 2024. Average annual earnings growth of 43% is required to achieve expected profit on schedule. Price Target Changed • Oct 22
Price target increased to AU$3.11 Up from AU$2.11, the current price target is provided by 1 analyst. New target price is 41% above last closing price of AU$2.21. Stock is down 64% over the past year. The company is forecast to post a net loss per share of AU$0.12 next year compared to a net loss per share of AU$0.15 last year. Major Estimate Revision • Sep 07
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from AU$21.1m to AU$24.6m. EPS estimate fell from -AU$0.07 to -AU$0.12 per share. Electronic industry in Australia expected to see average net income growth of 23% next year. Consensus price target down from AU$2.98 to AU$2.11. Share price fell 15% to AU$2.06 over the past week. Ankündigung • Sep 02
Novonix Limited, Annual General Meeting, Oct 26, 2022 Novonix Limited, Annual General Meeting, Oct 26, 2022. Agenda: To consider the grant and issue of the performance rights. Reported Earnings • Sep 01
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: AU$0.15 loss per share (down from AU$0.049 loss in FY 2021). Net loss: AU$71.4m (loss widened 295% from FY 2021). Revenue exceeded analyst estimates by 52%. Earnings per share (EPS) missed analyst estimates by 285%. Over the next year, revenue is forecast to grow 193%, compared to a 37% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Jul 10
Independent Non-Executive Director exercised options to buy AU$162k worth of stock. On the 7th of July, Robert Cooper exercised options to buy 66k shares at a strike price of around AU$2.44, costing a total of AU$161k. This transaction amounted to 11% of their direct individual holding at the time of the trade. Since September 2021, Robert has owned 586.61k shares directly. Company insiders have collectively sold AU$11m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Jul 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from AU$8.89m to AU$7.53m. EPS estimate unchanged from -AU$0.07 per share at last update. Electronic industry in Australia expected to see average net income growth of 22% next year. Consensus price target down from AU$5.44 to AU$4.49. Share price rose 10% to AU$2.46 over the past week. Breakeven Date Change • Jul 08
No longer forecast to breakeven The analyst covering Novonix no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$10.0m in 2024. New forecast suggests the company will make a loss of AU$34.5m in 2024. Ankündigung • May 28
Novonix Limited Announces Board Changes Novonix Limited announced that Mr. Trevor St Baker AO has retired from the Board of the Company, effective immediately. Mr. St Baker advised that he has excessive company Board representations on behalf of the St Baker Energy Innovation Fund (SBEIF). Mr. Chris Hay’s appointment as an Alternate Director for Mr. St Baker since June 2021, ends with Mr. St Baker’s retirement. Major Estimate Revision • Apr 27
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -AU$0.10 to -AU$0.07 per share. Revenue forecast unchanged from AU$9.43m at last update. Electronic industry in Australia expected to see average net income growth of 23% next year. Consensus price target up from AU$7.44 to AU$22.44. Share price fell 13% to AU$5.23 over the past week. Ankündigung • Mar 03
NOVONIX Limited Announces Appointment of Jean Oelwang to Board of Directors NOVONIX Limited announced the appointment of Jean Oelwang, President and Founding CEO of Virgin Unite, the entrepreneurial foundation of the worldwide Virgin Group, to its Board of Directors. Over the last 17 years, Ms. Oelwang has worked with partners to lead the incubation and start-up of several global initiatives, including: The Elders, The B Team, The Carbon War Room (successfully merged with the RMI), The Africa Donor Collective, Ocean Unite (now ORRAA), The Caribbean Climate Smart Accelerator, 100% Human at Work, The Virgin Unite Constellation, and The Branson Centers of Entrepreneurship. She also played a key partner role in the incubation of many other initiatives such as The Audacious Project. Prior to that, Jean helped start up mobile phone companies in seven countries. Price Target Changed • Feb 28
Price target decreased to AU$7.44 Down from AU$8.49, the current price target is an average from 2 analysts. New target price is 48% above last closing price of AU$5.03. Stock is up 79% over the past year. The company is forecast to post a net loss per share of AU$0.06 next year compared to a net loss per share of AU$0.049 last year. Reported Earnings • Feb 28
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: AU$0.065 loss per share (down from AU$0.031 loss in 1H 2021). Net loss: AU$28.8m (loss widened 168% from 1H 2021). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 340%, compared to a 116% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Feb 26
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from AU$9.07m to AU$9.43m. Forecast EPS reduced from -AU$0.07 to -AU$0.08 per share. Electronic industry in Australia expected to see average net income growth of 23% next year. Consensus price target down from AU$6.97 to AU$4.88. Share price fell 9.4% to AU$5.08 over the past week. Price Target Changed • Feb 11
Price target decreased to AU$6.97 Down from AU$8.66, the current price target is an average from 2 analysts. New target price is 7.1% above last closing price of AU$6.51. Stock is up 139% over the past year. The company is forecast to post a net loss per share of AU$0.067 next year compared to a net loss per share of AU$0.049 last year. Major Estimate Revision • Feb 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -AU$0.05 to -AU$0.07 per share. Revenue forecast of AU$9.07m unchanged since last update. Electronic industry in Australia expected to see average net income growth of 25% next year. Consensus price target broadly unchanged at AU$8.49. Share price was steady at AU$7.70 over the past week. Ankündigung • Dec 20
NOVONIX Limited Announces Preliminary Results of Environmental Impact Study NOVONIX Limited announced that the preliminary results from an assessment by an independent globally recognised sustainability and life cycle assessment consultancy shows NOVONIX Anode Material offers an approximate 60% decrease in CO emissions in a lifecycle assessment. The company has appointed Minviro Ltd. to conduct a life cycle assessment (LCA) on a grade of the Company's synthetic graphite EV and ESS battery anode product, GX-23 LCA is a robust, globally-recognised tool for quantifying the direct and embodied environmental impacts associated with a particular product or process. By taking into account all material and energy inputs, direct emissions and waste products within a given production process, LCAs provide a detailed account of the environmental footprint of a project and identify environmental `hotspots' in process flows. LCAs go beyond simple carbon accounting and can quantify acidification potential, disease incidence related to particulate emissions and water use impacts, amongst other categories. Furthermore, the approach identifies scope 1, 2 and 3 CO2 emissions (from the Greenhouse Gas Protocol) that are often overlooked in other methodologies and can contribute substantial environmental burdens to projects overall. This current study involves a complete `cradle-to-gate' assessment of a grade of synthetic graphite from NOVONIX Anode Materials division's production process, and benchmarks all results against other natural and synthetic anode grade graphite projects. It will also explore impacts associated with the use phase of synthetic graphite anodes by contextualising the product's environmental performance relative to the kWh of a final lithium-ion battery in an electric vehicle and kilometers travelled. All results will be reviewed by a third-party under ISO- compliance, ensuring all results are scientifically robust and transparent, for communication to the public. Preliminary results, that have yet to be finalized and are not yet third-party peer reviewed, show that as compared to data extracted from graphite processing facilities in Inner Mongolia andHeilongjiang Provinces, China, NOVONIX Anode Material's division's GX-23 synthetic graphite product offers an approximate 60% decrease in CO2 emissions. If final results, which will be third party peer reviewed, confirm this preliminary data, NOVONIX Anode Materials GX-23 product will show that it is 2.5x better for the environment than Chinese synthetic graphite EV and ESS battery anode material. Executive Departure • Dec 02
Non-Executive Director Gregory Baynton has left the company On the 30th of November, Gregory Baynton's tenure as Non-Executive Director ended after 9.7 years in the role. As of September 2021, Gregory still personally held 25.29m shares (AU$168m worth at the time). Gregory is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 27
Full year 2021 earnings released: AU$0.049 loss per share (vs AU$0.15 loss in FY 2020) Full year 2021 results: Net loss: AU$18.1m (loss narrowed 9.7% from FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Aug 11
Price target increased to AU$3.62 Up from AU$3.02, the current price target is an average from 2 analysts. New target price is 7.8% below last closing price of AU$3.92. Stock is up 242% over the past year. Ankündigung • Aug 10
Novonix Limited announced that it expects to receive $150 million in funding from Phillips 66 Novonix Limited announced that it has entered into an agreement for 77,962,578 ordinary shares at a price of approximately $1.92399999907648 per share for gross proceeds of $150,000,000 on August 9, 2021. The transaction will include participation from new investor Phillips 66 for 16% stake in the company. As a result, Phillips 66 will nominate one director to the company's board of directors. The transaction is subject to approval by the company's shareholders, as well as other customary closing conditions. Recent Insider Transactions Derivative • May 27
Independent Non-Executive Director exercised options to buy AU$5.6m worth of stock. On the 24th of May, Andrew Liveris exercised options to buy 3m shares at a strike price of around AU$0.66, costing a total of AU$1.6m. This transaction amounted to 38% of their direct individual holding at the time of the trade. Since June 2020, Andrew's direct individual holding has increased from 4.13m shares to 6.63m. Company insiders have collectively bought AU$3.3m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.031 loss per share (vs AU$0.055 loss in 1H 2020) First half 2021 results: Net loss: AU$10.8m (loss widened 53% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings.