Ankündigung • Dec 01
Jayride Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.735 million. Jayride Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.735 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 101,666,666
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,833,334
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 31
Jayride Group Limited, Annual General Meeting, Nov 27, 2025 Jayride Group Limited, Annual General Meeting, Nov 27, 2025. Location: westfield works, room 1, level 5, 100 market street, australia, nsw 2000, sydney Australia Ankündigung • Oct 01
Jayride Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.125 million. Jayride Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.125 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.005
Transaction Features: Subsequent Direct Listing Ankündigung • Sep 20
Jayride Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.125 million. Jayride Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.125 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.005
Transaction Features: Subsequent Direct Listing New Risk • Aug 31
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$1.5m 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$1.5m free cash flow). Share price has been highly volatile over the past 3 months (71% average weekly change). Negative equity (-AU$6.4m). Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (AU$8.56m market cap, or US$5.60m). Minor Risk Revenue is less than US$5m (AU$2.4m revenue, or US$1.6m). Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Tzipi Avioz 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. Ankündigung • Jun 20
Jayride Group Limited Announces Board Changes, Effective 20 June 2025 Jayride Group Limited announced changes to the company's board of directors. Firstly, Chairman Rod Cuthbert, has resigned as a director of the company, date that director ceased to be director is 20 June 2025. Mr. Cuthbert has been a director of Jayride since April 2020 and has served as both a Non-Executive Chairman and an Executive Chairman during his tenure. Mr. Cuthbert brought to the Company deep travel technology expertise and provided invaluable guidance through a strategic review of the Company completed in 2024. Mr. Cuthbert will be succeeded as Chairman by Brett Partridge. Mr. Partridge joined the Company earlier 2025. Mr. Partridge will take his significant entrepreneurial and operational experience forward in this new role. Secondly, the Directors are announced the appointment of Mark Ward as a new non-executive director of the Company, effective 20 June 2025. Mr. Ward brings to the Company significant experience in founding and scaling ecommerce businesses, having founded and led a series of promotional products businesses globally. Mr. Ward's capabilities include digital innovation, global market expansion, and strategic systemisation. Ankündigung • Dec 20
Jayride Group Limited has filed a Follow-on Equity Offering in the amount of AUD 4.3 million. Jayride Group Limited has filed a Follow-on Equity Offering in the amount of AUD 4.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,433,333,333
Price\Range: AUD 0.003
Security Features: Attached Options
Transaction Features: Rights Offering Reported Earnings • Oct 04
Full year 2024 earnings released: AU$0.037 loss per share (vs AU$0.043 loss in FY 2023) Full year 2024 results: AU$0.037 loss per share. Revenue: AU$5.39m (up 6.1% from FY 2023). Net loss: AU$8.26m (loss widened 1.2% from FY 2023). Ankündigung • Oct 01
Jayride Group Limited, Annual General Meeting, Nov 28, 2024 Jayride Group Limited, Annual General Meeting, Nov 28, 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.037 loss per share (vs AU$0.043 loss in FY 2023) Full year 2024 results: AU$0.037 loss per share. Revenue: AU$5.45m (up 7.1% from FY 2023). Net loss: AU$8.26m (loss widened 1.2% from FY 2023). Board Change • May 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Tzipi Avioz was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Tzipi Avioz was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$2.1m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$5.8m free cash flow). Shares are highly illiquid. Negative equity (-AU$2.1m). Earnings have declined by 1.1% per year over the past 5 years. Market cap is less than US$10m (AU$2.83m market cap, or US$1.85m). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (AU$5.4m revenue, or US$3.5m). Ankündigung • Nov 29
Jayride Group Limited Announces Resignation of Rod Bishop as Managing Director Jayride Group Limited announced that in line with the Company's Managing Director transition plan announced to ASX on the 31st August, and following his re-election to the board of directors at the Company's 2023 AGM on the 23rd November, Rod Bishop resigned as Managing Director. He will remain with the Company as a non-executive director to assist with Jayride's strategic review. On 31st August Jayride announced to the ASX that Rod Bishop had notified the directors of his intention to transition from the role of Managing Director. Mr. Bishop will remain with the Company as a non-executive director of Jayride as approved by the shareholders at the AGM. He will work together with the board of directors in delivering the Company's strategic review as outlined by the Chairman in his address at the meeting. Ankündigung • Nov 23
Jayride Group Limited Announces Retirement of Sam Saxton as Director Jayride Group Limited announced that Sam Saxton has retired as a director effective at the close of the Annual General Meeting, without seeking re-election. New Risk • Oct 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.4m (US$8.53m) 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$5.1m free cash flow). Shares are highly illiquid. Market cap is less than US$10m (AU$13.4m market cap, or US$8.53m). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Revenue is less than US$5m (AU$5.1m revenue, or US$3.2m). Ankündigung • Oct 24
Jayride Group Limited to Report Q1, 2024 Results on Oct 31, 2023 Jayride Group Limited announced that they will report Q1, 2024 results Pre-Market on Oct 31, 2023 Ankündigung • Oct 11
Jayride Group Limited, Annual General Meeting, Nov 23, 2023 Jayride Group Limited, Annual General Meeting, Nov 23, 2023. Ankündigung • Sep 22
Jayride Group Limited Announces Resignation of Delphine Cassidy as Director Jayride Group Limited announced that Delphine Cassidy has resigned as a director of the Company with effect from 22 September 2023. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.043 loss per share (vs AU$0.029 loss in FY 2022) Full year 2023 results: AU$0.043 loss per share (further deteriorated from AU$0.029 loss in FY 2022). Revenue: AU$5.19m (up 103% from FY 2022). Net loss: AU$8.16m (loss widened 60% from FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Ankündigung • Aug 11
Jayride Group Limited Announces Board Changes Jayride Group Limited announced the following changes to the Company's board of directors to position the Company for its next stage of growth. Delphine Cassidy, Chief Communications Officer of Orica is appointed as an independent non-executive director; and Sam Saxton, having been a director since 2012, will retire from the board effective at this year's Annual General Meeting. An accountant by profession, Delphine has spent over 20 years in financial, accounting, and executive roles in ASX 200 companies. Delphine is currently the Chief Communications Officer at Orica where she has been responsible for leading the company through its most important equity market challenges and opportunities, media, and employee engagement environments, and has a deep understanding of corporate governance and risk management issues and frameworks. Previously, Delphine was a Non-Executive Director of Simonds Group where she served as Chair of the Nomination and Remuneration Committee and member of the Audit and Risk Committee. Delphine holds a Bachelor of Accounting, MBA and is a Fellow of the Australian Institute of Company Directors. Delphine's appointment is effective from 11th August 2023 and she will stand for re-election at the Company's 2023 Annual General Meeting. Sam has been a non-executive director of Jayride since the Company's founding in 2012, has been a valued contributor, chairman of the Audit and Risk Committee, and helped to steer Jayride through the Company's public listing in 2018 and COVID-19 events of 2020. Sam remains a supportive shareholder of the Company. Sam's retirement will be effective at the close of the Company's 2023 Annual General Meeting. Recent Insider Transactions • Apr 22
Insider recently bought AU$51k worth of stock On the 21st of April, Alexander Waislitz bought around 385k shares on-market at roughly AU$0.13 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 24
First half 2023 earnings released: AU$1.50 loss per share (vs AU$0.015 loss in 1H 2022) First half 2023 results: AU$1.50 loss per share (further deteriorated from AU$0.015 loss in 1H 2022). Revenue: AU$2.49m (up 182% from 1H 2022). Net loss: AU$2.70m (loss widened 6.1% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 02
Full year 2022 earnings released: AU$0.029 loss per share (vs AU$0.039 loss in FY 2021) Full year 2022 results: AU$0.029 loss per share. Revenue: AU$2.56m (up 237% from FY 2021). Net loss: AU$5.10m (loss widened 14% from FY 2021). Reported Earnings • Aug 26
Full year 2022 earnings released: AU$0.029 loss per share (vs AU$0.039 loss in FY 2021) Full year 2022 results: AU$0.029 loss per share. Revenue: AU$2.56m (up 237% from FY 2021). Net loss: AU$5.10m (loss widened 14% from FY 2021). Reported Earnings • Feb 25
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.015 loss per share (up from AU$0.02 loss in 1H 2021). Revenue: AU$883.2k (up 311% from 1H 2021). Net loss: AU$2.55m (loss widened 19% from 1H 2021). Revenue was in line with analyst estimates. Reported Earnings • Aug 31
Full year 2021 earnings released: AU$0.039 loss per share (vs AU$0.076 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: AU$1.62m (down 50% from FY 2020). Net loss: AU$4.49m (loss narrowed 37% from FY 2020). Reported Earnings • Aug 28
Full year 2021 earnings released: AU$0.039 loss per share (vs AU$0.076 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: AU$1.62m (down 50% from FY 2020). Net loss: AU$4.49m (loss narrowed 37% from FY 2020). Executive Departure • Apr 03
Independent Chairman Andrey Shirben has left the company On the 31st of March, Andrey Shirben's tenure as Independent Chairman ended after 8.7 years in the role. As of December 2020, Andrey personally held only 441.24k shares (AU$64k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 28
First half 2021 earnings released: AU$0.02 loss per share (vs AU$0.048 loss in 1H 2020) The company reported a soft first half result with weaker revenues and control over costs, although losses reduced. First half 2021 results: Revenue: AU$215.2k (down 91% from 1H 2020). Net loss: AU$2.15m (loss narrowed 48% from 1H 2020). Reported Earnings • Oct 03
Full year earnings released - AU$0.076 loss per share Over the last 12 months the company has reported total losses of AU$7.09m, with losses narrowing by 14% from the prior year. Total revenue was AU$3.24m over the last 12 months, down 1.5% from the prior year. Recent Insider Transactions • Oct 01
Insider recently sold AU$330k worth of stock On the 22nd of September, Zhongyuan Lin sold around 3m shares on-market at roughly AU$0.10 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$295k more than they bought in the last 12 months.