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 20% 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$2.0m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (AU$5.40m market cap, or US$3.51m). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (AU$3.8m revenue, or US$2.5m). Annonce • Oct 06
Audeara Limited, Annual General Meeting, Nov 25, 2025 Audeara Limited, Annual General Meeting, Nov 25, 2025. Location: grant thornton, king george central, level 18, 145 ann street, brisbane queensland Australia New Risk • Sep 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$2.0m 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$2.0m free cash flow). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (AU$4.50m market cap, or US$2.94m). Minor Risks Share price has been volatile over the past 3 months (19% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (AU$3.8m revenue, or US$2.5m). New Risk • Aug 15
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 19% 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (AU$5.40m market cap, or US$3.52m). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (AU$4.2m revenue, or US$2.7m). Annonce • Feb 12
Audeara Limited has completed a Follow-on Equity Offering in the amount of AUD 1.35 million. Audeara Limited has completed a Follow-on Equity Offering in the amount of AUD 1.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 29,375,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,375,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Dec 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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 Risks Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (AU$7.71m market cap, or US$4.90m). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (AU$3.2m revenue, or US$2.0m). Annonce • Dec 05
Audeara Limited has filed a Follow-on Equity Offering in the amount of AUD 1.35 million. Audeara Limited has filed a Follow-on Equity Offering in the amount of AUD 1.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 29,375,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,375,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Oct 07
Audeara Limited, Annual General Meeting, Nov 25, 2024 Audeara Limited, Annual General Meeting, Nov 25, 2024. Location: at the offices of grant thornton, king george central, level 18, 145 ann street, brisbane queensland Australia Recent Insider Transactions • Sep 17
Co-Founder recently bought AU$916k worth of stock On the 13th of September, James Fielding bought around 1m shares on-market at roughly AU$0.77 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of AU$921k worth in shares. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.011 loss per share (vs AU$0.029 loss in FY 2023) Full year 2024 results: AU$0.011 loss per share (improved from AU$0.029 loss in FY 2023). Revenue: AU$3.19m (up 9.6% from FY 2023). Net loss: AU$1.60m (loss narrowed 57% from FY 2023). Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Global Consumer Durables industry. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. New Risk • Mar 04
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 (-AU$2.4m free cash flow). Shares are highly illiquid. Earnings have declined by 39% per year over the past 5 years. Market cap is less than US$10m (AU$7.66m market cap, or US$5.00m). Minor Risk Revenue is less than US$5m (AU$2.3m revenue, or US$1.5m). Annonce • Dec 28
Audeara Limited Announces Resignation of Elaine Saunders as Non-Executive Director, Effective 31 December 2023 Audeara Limited announced that Dr. Elaine Saunders has tendered her resignation as a Non-Executive Director with effect from 31 December 2023. Dr. Saunders was appointed to the Board in January 2022. New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings have declined by 48% 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 (-AU$3.0m free cash flow). Earnings have declined by 48% per year over the past 5 years. Market cap is less than US$10m (AU$5.32m market cap, or US$3.38m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (AU$2.9m revenue, or US$1.8m). Annonce • Oct 05
Audeara Limited, Annual General Meeting, Nov 27, 2023 Audeara Limited, Annual General Meeting, Nov 27, 2023, at 11:01 E. Australia Standard Time. Location: Grant Thornton, King George Central, Level 18, 145 Ann Street Brisbane Queensland Australia Reported Earnings • Oct 03
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: AU$0.029 loss per share (further deteriorated from AU$0.028 loss in FY 2022). Revenue: AU$2.91m (up 41% from FY 2022). Net loss: AU$3.74m (loss widened 27% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Global Consumer Durables industry. Major Estimate Revision • Sep 06
Consensus EPS estimates upgraded to AU$0.007 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -AU$0.008 to -AU$0.007 per share. Revenue forecast unchanged from AU$5.90m at last update. Consumer Durables industry in Australia expected to see average net income growth of 19% next year. Consensus price target down from AU$0.15 to AU$0.14. Share price rose 10.0% to AU$0.044 over the past week. Reported Earnings • Sep 01
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: AU$0.029 loss per share (further deteriorated from AU$0.028 loss in FY 2022). Revenue: AU$2.91m (up 41% from FY 2022). Net loss: AU$3.74m (loss widened 27% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Global Consumer Durables industry. Annonce • Aug 28
Pasquale Rombola Resigns as Non-Executive Director of Audeara Limited Audeara Limited advised that Pasquale Rombola has resigned his position as Non-Executive Director of Audeara Limited. New Risk • Aug 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (AU$6.16m market cap, or US$3.95m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (AU$92k net loss in 2 years). Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (AU$2.5m revenue, or US$1.6m). Major Estimate Revision • May 17
Consensus revenue estimates decrease by 24% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from AU$3.81m to AU$2.90m. EPS estimate unchanged from -AU$0.022 per share at last update. Consumer Durables industry in Australia expected to see average net income growth of 16% next year. Consensus price target down from AU$0.24 to AU$0.15. Share price rose 4.2% to AU$0.05 over the past week. Breakeven Date Change • May 16
Forecast breakeven date pushed back to 2025 The analyst covering Audeara previously expected the company to break even in 2024. New forecast suggests losses will reduce by 39% per year to 2024. The company is expected to make a profit of AU$900.0k in 2025. Average annual earnings growth of 85% is required to achieve expected profit on schedule. Board Change • Apr 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Elaine Saunders 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. Price Target Changed • Feb 28
Price target decreased by 11% to AU$0.24 Down from AU$0.27, the current price target is provided by 1 analyst. New target price is 243% above last closing price of AU$0.07. Stock is down 42% over the past year. The company is forecast to post a net loss per share of AU$0.019 next year compared to a net loss per share of AU$0.028 last year. Reported Earnings • Feb 25
First half 2023 earnings released: AU$0.016 loss per share (vs AU$0.011 loss in 1H 2022) First half 2023 results: AU$0.016 loss per share (further deteriorated from AU$0.011 loss in 1H 2022). Revenue: AU$1.35m (up 39% from 1H 2022). Net loss: AU$1.87m (loss widened 56% from 1H 2022). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Global Consumer Durables industry. Annonce • Dec 07
Audeara Ltd. Announces the Appointment of Stuart Smith as Chief Financial Officer Audeara Ltd. announced the appointment of Stuart Smith as Chief Financial Officer with immediate effect. Stuart has had considerable listed company experience including previous experience as CFO for PWR Holdings Limited. Other experience has included Pacific Star (a joint venture between Bell Atlantic and Telecom New Zealand), AAPT Cellular One and Redflow Ltd. Stuart is a Chartered Accountant and Graduate of the Australian Institute of Company Directors (GAICD). Major Estimate Revision • Nov 23
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 losses forecast to reduce from -AU$0.01 to -AU$0.01 per share. Revenue forecast unchanged from AU$4.20m at last update. Consumer Durables industry in Australia expected to see average net income growth of 18% next year. Consensus price target down from AU$0.29 to AU$0.27. Share price was steady at AU$0.083 over the past week. Breakeven Date Change • Nov 16
Forecast to breakeven in 2024 The analyst covering Audeara expects the company to break even for the first time. New forecast suggests losses will reduce by 56% to 2023. The company is expected to make a profit of AU$1.60m in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Elaine Saunders 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. Annonce • Oct 07
Audeara Limited, Annual General Meeting, Nov 28, 2022 Audeara Limited, Annual General Meeting, Nov 28, 2022, at 10:00 W. Australia Standard Time. Location: Grant Thornton, King George Central, Level 18, 145 Ann Street, Brisbane, Queensland. Queensland Australia Reported Earnings • Oct 04
Full year 2022 earnings released: AU$0.028 loss per share (vs AU$0.019 loss in FY 2021) Full year 2022 results: AU$0.028 loss per share (further deteriorated from AU$0.019 loss in FY 2021). Revenue: AU$2.07m (up 85% from FY 2021). Net loss: AU$2.95m (loss widened 136% from FY 2021). Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Global Consumer Durables industry. Annonce • Sep 21
Audeara Limited Appoints Stephen Buckley as Company Secretary Audeara Limited announced that Mr. Stephen Buckley is appointed as Company Secretary. Stephen Buckley is a director of Governance Corporate Pty Ltd. Stephen currently acts as company secretary for three other ASX listed entities. Breakeven Date Change • Sep 01
Forecast to breakeven in 2024 The analyst covering Audeara expects the company to break even for the first time. New forecast suggests losses will reduce by 56% to 2023. The company is expected to make a profit of AU$1.60m in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Board Change • Aug 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Elaine Saunders 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. Annonce • Aug 06
Audeara Limited Announces Appointment of Hsin-Chieh "Bill" Peng as Executive Director Audeara Limited announced the appointment of Mr. Hsin-Chieh "Bill" Peng as an Executive Director of the Audeara Board. Mr. Peng commences the role on 5 August 2022. Mr. Peng has worked in the electronics industry and has extensive knowledge and experience in production from electronic materials, components, and semi-product through to finished products. Most recently he has founded an Australian company specialising in electronic medical products. Mr. Peng brings extensive business experience across operational, supply chain management, product development and international sales, particularly in the Asia Pacific region. Mr. Peng has already been working with Audeara on supply chain management, product development and market access. He also recently provided new investment into Audeara demonstrating his support of the company's future. Mr. Peng has also accepted an operational role within the Company as Director of Growth and Corporate Partnerships supporting manufacture, product design and Asian market development activities. Mr. Peng holds a Bachelor of Business (Marketing) from Griffith University and a Master of Business (Entrepreneurship) from the University of Queensland. Breakeven Date Change • Jul 05
Forecast to breakeven in 2024 The analyst covering Audeara expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$800.0k in 2024. Average annual earnings growth of 73% is required to achieve expected profit on schedule. Annonce • Jun 08
Audeara Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Audeara 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: 10,000,000
Price\Range: AUD 0.1
Transaction Features: Subsequent Direct Listing Breakeven Date Change • Apr 29
No longer forecast to breakeven The analyst covering Audeara no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$400.0k in 2024. New forecast suggests the company will make a loss of AU$700.0k in 2024. Breakeven Date Change • Apr 27
Forecast to breakeven in 2024 The analyst covering Audeara expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$400.0k in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 01
Forecast to breakeven in 2024 The analyst covering Audeara expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$400.0k in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Annonce • Feb 02
Audeara Limited Launches New Product, the A-02 Audeara Limited announced that following the strong market acceptance of its A-01 TV Bundle and personalised headphones, the Company has delivered on the next stage of its product roadmap with the release of the A-02 TV Bundle and A-02 Headphones, for sale in Australia. The A-02 TV Bundle includes the next generation of Audeara `smart' headphones and TV streamer. Incorporating customer feedback and Audeara's latest technology innovations to optimise tailored sound, the A-02headphones feature larger buttons and simple switch configuration, ideal for users with dexterity challenges. They also include Bluetooth 5.0, which improves the range and connection strength to the streamer, so users can be up to approximately 40m away from their TV or stereo without losing the signal. The headphones have the same premium comfort and long life battery as the A-01, as well as active noise cancellation and wireless inbuilt microphone. Accompanying the A-02 headphones, the new TV audio streamer transmits Hi-Fi digital audio wirelessly from a TV or wired music system with an updated, simplified pairing for two headphones simultaneously using a digital display. It also features simple button configuration and easy usability with visual on-screen connection instructions. Reflecting its technological advancements and enhanced user experience, the product is priced at a premium to the A-01 TV Bundle. It is expected to drive revenue growth in CY22 as it is rolled out across the more than 1,000 hearing clinics in Australia stocking Audeara. The Company is included on the Fully Subsidised Device Schedule of the Federal Department of Health's Hearing Services Program (HSP), Department of Veterans' Affairs (DVA) and is also a registered provider of hearing equipment under the NDIS (except in WA). Reported Earnings • Sep 06
Full year 2021 earnings released: AU$0.019 loss per share (vs AU$0.008 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$1.12m (up 24% from FY 2020). Net loss: AU$1.25m (loss widened 176% from FY 2020). 