Board Change • 19h
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. 3 non-independent directors. Independent Non-Executive Director Matthew Reede was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
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. 3 non-independent directors. Independent Non-Executive Director Matthew Reede was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Mar 31
OpenLearning Limited, Annual General Meeting, May 27, 2026 OpenLearning Limited, Annual General Meeting, May 27, 2026. New Risk • Jan 02
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$19.3m). Board Change • Dec 31
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. 3 non-independent directors. Independent Non-Executive Director Matthew Reede was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • 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 Anuncio • 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 Anuncio • 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 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. 3 non-independent directors. Independent Non-Executive Director Matthew Reede was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • 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 Anuncio • 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. Anuncio • 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 Board Change • Sep 27
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. 3 non-independent directors. Independent Non-Executive Director Matthew Reede was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 15
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. 3 non-independent directors. Independent Non-Executive Director Matthew Reede was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • 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). Shares are highly illiquid. 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). Board Change • Apr 30
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. 3 non-independent directors. Independent Non-Executive Director Matthew Reede was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Mar 29
OpenLearning Limited, Annual General Meeting, May 31, 2024 OpenLearning Limited, Annual General Meeting, May 31, 2024. Board Change • Mar 19
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. 3 non-independent directors. Independent Non-Executive Director Matthew Reede was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 11
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. 3 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. Board Change • Oct 25
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. 3 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. Anuncio • 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. Board Change • Sep 21
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. 3 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. 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 62% per year, which means it is significantly lagging earnings. Board Change • Sep 01
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. 3 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. Board Change • Jul 24
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. 3 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. Board Change • Jul 05
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. 3 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. Anuncio • 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. Board Change • Apr 11
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. 3 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. 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 53% per year, which means it is significantly lagging earnings. Board Change • Mar 02
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. 3 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. Board Change • Feb 16
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. 3 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. Anuncio • 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 • Jan 30
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. 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. Board Change • Dec 15
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. Board Change • Nov 18
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. Reported Earnings • Sep 02
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. Board Change • May 03
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. Reported Earnings • Mar 02
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%. Over the next year, revenue is forecast to grow 88%, compared to a 65% growth forecast for the industry in Australia. Board Change • Feb 24
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 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. Board Change • Jan 07
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 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. Breakeven Date Change • Sep 01
Forecast to breakeven in 2023 The analyst covering OpenLearning expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$200.0k in 2023. Average annual earnings growth of 44% is required to achieve expected profit on schedule. 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
Revenue misses expectations Revenue missed analyst estimates by 14%. 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 • Feb 04
New 90-day low: AU$0.20 The company is down 41% from its price of AU$0.34 on 05 November 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 3.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: AU$0.24 The company is down 25% from its price of AU$0.32 on 09 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 05
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 16% over the same period.