Annonce • Jan 19
ReadCloud Limited, Annual General Meeting, Feb 19, 2026 ReadCloud Limited, Annual General Meeting, Feb 19, 2026. Annonce • Feb 12
ReadCloud Limited Announces Retirement of Mr. Darren Hunter from the Board of Directors ReadCloud Limited announced that Mr. Darren Hunter will retire from the Board of Directors with effect at the conclusion of the Annual General Meeting on 12 February 2025. Darren will continue in his executive role as the Company's Chief Technology Officer, responsible for driving the development of ReadCloud's technology platform to evolve with customer needs and scale the business and ensuring ReadCloud maintains its technological leadership in digital education solutions. Darren has been integral to ReadCloud's development and success since joining the company in May 2015, playing a crucial role in setting strategic direction, developing proprietary digital education platform and driving technological innovation. Darren has served as a Director continuously since 2017, including during the company's ASX listing in 2018. Darren has been instrumental in integrating the Company's acquisitions and consolidating IT systems. Darren was also called upon to serve as CEO for a period, where his leadership skills and strategic insights came to the fore. Annonce • Jan 10
ReadCloud Limited, Annual General Meeting, Feb 12, 2025 ReadCloud Limited, Annual General Meeting, Feb 12, 2025. Board Change • Mar 12
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 Chairman Cris Nicolli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 23
ReadCloud Limited, Annual General Meeting, Feb 23, 2024 ReadCloud Limited, Annual General Meeting, Feb 23, 2024, at 12:00 AUS Eastern Standard Time. Agenda: To consider the adoption of remuneration report; to consider the re-election of Mr Paul Collins as a Director of the Company; to consider the approval of termination benefits; to consider the approval of amended employee incentive plan and the issue of securities thereunder; and to consider the approval of 10% placement facility. Board Change • Jan 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. 3 non-independent directors. Independent Non-Executive Chairman Cris Nicolli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Dec 20
ReadCloud Limited Announces Change of Company Secretary ReadCloud Limited advised that Ms. Melanie Leydin has resigned as Company Secretary of ReadCloud. Mr. Luke Murphy, ReadCloud's Chief Financial Officer, has been appointed as Company Secretary. Board Change • Dec 08
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 Chairman Cris Nicolli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
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 Chairman Cris Nicolli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Shares are highly illiquid. Market cap is less than US$10m (AU$7.31m market cap, or US$4.71m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Board Change • Aug 24
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 Chairman Cris Nicolli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 19
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 Chairman Cris Nicolli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 12
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 Chairman Cris Nicolli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jun 28
Readcloud Limited Announces Executive Changes ReadCloud announced that Mr. Guy Mendelson will retire from the Board of the Company with effect from 30 June 2023. Non-Executive Directors Mr. Jonathan Isaacs and Mr. Paul Collins will chair the Audit & Risk and Remuneration and Nomination Board sub-committees respectively from 1 July 2023. Reported Earnings • Jun 05
First half 2023 earnings released: EPS: AU$0.01 (vs AU$0.01 in 1H 2022) First half 2023 results: EPS: AU$0.01 (in line with 1H 2022). Revenue: AU$7.08m (up 2.3% from 1H 2022). Net income: AU$1.19m (flat on 1H 2022). Profit margin: 17% (in line with 1H 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Annonce • May 08
ReadCloud Limited Appoints Andrew Skelton as the New Chief Executive Officer with Effect from 15 May 2023 ReadCloud announced the appointment of Andrew Skelton as the new Chief Executive Officer with effect from 15 May 2023. Andrew will take over from founder Lars Lindstrom who stood down from the role in December 2022. Andrew will be involved in transitioning to the role with selected pre-15 May 2023 activities to provide impetus with the employees and the Board to be well prepared for the role. Andrew is a business and technology executive with more than 20 years of leadership experience, most recently as Chief Executive Officer of A2B Australia Ltd. (ASX A2B). Andrew's previous roles include General Counsel of ASX200 Cabcharge Australia Ltd. and Chief Operating Officer of Black Cabs Combined Ltd. where he led the establishment and growth of the 13cabs brand and associated technologies. Andrew has a track record of growing business by delivering significant transformation programmes, executing growth strategies in highly competitive industries, and navigating market, technological and regulatory changes. Andrew began his career at K&L Gates in Melbourne as a lawyer specialising in mergers and acquisitions. Andrew brings a strong set of skills and experiences and is well regarded as a commercially astute, values driven Executive. His experience in strategy formulation and business transformation together with his experience in building revenue and profit growth outcomes is well suited to the role. Andrew will work closely with Lars Lindstrom and Darren Hunter (Interim CEO) to develop an understanding of how ReadCloud can best serve the education market. The Board will work with Andrew to enhance ReadCloud's strategic direction, build momentum and galvanise the team to drive execution. Annonce • Feb 13
ReadCloud Limited Elects Jonathan Isaacs as Director ReadCloud Limited at the Annual General Meeting held on 13 February 2023, approved election of Mr. Jonathan Isaacs as a Director of the Company. Annonce • Nov 29
ReadCloud Limited, Annual General Meeting, Feb 13, 2023 ReadCloud Limited, Annual General Meeting, Feb 13, 2023. 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 Guy Mendelson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
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 Guy Mendelson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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 Guy Mendelson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 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. 3 non-independent directors. Independent Non-Executive Director Guy Mendelson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 21
Non-Executive Chairman recently bought AU$70k worth of stock On the 18th of November, Cristiano Nicolli bought around 303k shares on-market at roughly AU$0.23 per share. This was the largest purchase by an insider in the last 3 months. This was Cristiano's only on-market trade for the last 12 months. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.01 loss per share (vs AU$0.01 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$7.69m (up 8.8% from FY 2020). Net loss: AU$1.15m (loss widened 17% from FY 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jun 03
Forecast breakeven pushed back to 2023 The analyst covering ReadCloud previously expected the company to break even in 2022. New forecast suggests losses will reduce by 68% per year to 2022. The company is expected to make a profit of AU$900.0k in 2023. Average annual earnings growth of 104% is required to achieve expected profit on schedule. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.01 loss per share (vs AU$0.012 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: AU$3.30m (up 11% from 1H 2020). Net loss: AU$1.06m (loss narrowed 4.2% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Is New 90 Day High Low • Feb 25
New 90-day low: AU$0.56 The company is down 18% from its price of AU$0.68 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 7.0% over the same period. Recent Insider Transactions • Nov 25
Insider recently sold AU$2.4m worth of stock On the 19th of November, John Pollaers sold around 5m shares on-market at roughly AU$0.46 per share. 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. Is New 90 Day High Low • Nov 10
New 90-day high: AU$0.41 The company is up 11% from its price of AU$0.37 on 11 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 25% over the same period. Is New 90 Day High Low • Oct 31
New 90-day high: AU$0.40 The company is up 1.0% from its price of AU$0.39 on 30 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 19% over the same period.