New Risk • Jun 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 Share price has been highly volatile over the past 3 months (97% average daily change). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$88.5m market cap, or US$61.1m). Annuncio • Jun 13
DXN Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million. DXN Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 53,846,154
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Transaction Features: Subsequent Direct Listing Annuncio • Jun 09
DXN Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million. DXN Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 53,846,154
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jun 06
Independent Non-Executive Director recently sold AU$79k worth of stock On the 4th of June, Brendan Power sold around 543k shares on-market at roughly AU$0.14 per share. This transaction amounted to 7.1% 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$74k more than they bought in the last 12 months. Breakeven Date Change • May 20
No longer forecast to breakeven The analyst covering DXN no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$200.0k in 2027. New forecast suggests the company will make a loss of AU$1.70m in 2028. Board Change • May 20
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 Brendan Power 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. Annuncio • Oct 22
DXN Limited, Annual General Meeting, Nov 21, 2025 DXN Limited, Annual General Meeting, Nov 21, 2025. Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.009 loss per share (vs AU$0.015 loss in FY 2024) Full year 2025 results: AU$0.009 loss per share. Revenue: AU$16.5m (up 53% from FY 2024). Net loss: AU$2.31m (flat on FY 2024). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 17% growth forecast for the IT industry in Australia. Board Change • Aug 18
Less than half of directors are independent There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Brendan Power is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Feb 12
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 12% 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 Negative equity (-AU$412k). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Market cap is less than US$10m (AU$12.4m market cap, or US$7.77m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Board Change • Feb 04
Less than half of directors are independent There are 4 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 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Brendan Power is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Dec 31
Less than half of directors are independent There are 4 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 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Brendan Power is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Oct 29
DXN Limited, Annual General Meeting, Nov 29, 2024 DXN Limited, Annual General Meeting, Nov 29, 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.015 loss per share (vs AU$0.086 loss in FY 2023) Full year 2024 results: AU$0.015 loss per share (improved from AU$0.086 loss in FY 2023). Revenue: AU$11.3m (up 123% from FY 2023). Net loss: AU$2.30m (loss narrowed 76% from FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annuncio • May 01
DXN Limited Announces Board Changes DXN Ltd. announced the appointment of Abigail Cheadle as a non-executive Director (NED) and chair of the Board and the appointment of its CEO, Shalini Lagrutta as Managing Director. Ms. Cheadle will replace Chairman Peter McGrath, who has formally resigned May 1, 204, along with fellow NED, Tim Hannon. Ms. Cheadle is a Chartered Accountant whose career has spanned Asia, Europe, the Middle East, and Australia. Ms Cheadle has led professional services practices for global firms, including EY, Deloitte, and KordaMentha. With a focus on corporate strategy and risk management, she turned around listed entities during the Asian Financial Crisis. Most notably, Indonesian-listed consumer finance company, BFI Finance Indonesia, during which time its market cap increased over 13 times. Ms. Cheadle is an experienced NED with an extensive background in professional services,technology, consumer products, infrastructure, and renewable energy. Ms Cheadle will continue Chairing Shriro Holdings (ASX: SHM) and being NED of LGI Ltd. (ASX: LGI) and Reef Casino Trust (ASX: RCT). Ms. Cheadle has previously sat on five other ASX listed Boards. Ms Cheadle said she was looking forward to working with the Board and management of DXN as it embarked on a new phase. Following the appointments, the DXN Board currently comprises Ms Cheadle, DXN CEO Shalini Lagrutta, Brendan Power and Myo Ohn. Myo Ohn said Ms. Cheadle's extensive experience as a listed company Director and Chair made her the ideal choice. Ms. Shalini Lagrutta has been CEO of DXN since September 2022 and steps into the role as CEO/Managing Director. On the back of the exit of the Sydney lease, a successful capital raise as well as several modular data wins during the March 2024 quarter, Shalini and her team has achieved its first unaudited profitable quarter since 2022. Peter McGrath was appointed a non-executive director in October 2022 and Chair in March 2023. Tim Hannon was appointed non-executive director in March 2023. Both Peter and Tim have provided strategic and governance direction to DXN and step down to focus on other existing business opportunities. Board Change • Apr 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Chairman Peter McGrath is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% 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 Shares are highly illiquid. Negative equity (-AU$175k). Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Market cap is less than US$10m (AU$5.55m market cap, or US$3.64m). Minor Risk Revenue is less than US$5m (AU$5.0m revenue, or US$3.3m). Annuncio • Jan 29
DXN Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million. DXN Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 430,000,000
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 620,000,000
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Transaction Features: Subsequent Direct Listing New Risk • Dec 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Negative equity (-AU$175k). Market cap is less than US$10m (AU$4.31m market cap, or US$2.82m). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (AU$5.0m revenue, or US$3.3m). Annuncio • Nov 23
DXN Limited has filed a Follow-on Equity Offering in the amount of AUD 2.1 million. DXN Limited has filed a Follow-on Equity Offering in the amount of AUD 2.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 430,000,000
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 620,000,000
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Transaction Features: Subsequent Direct Listing Annuncio • Oct 20
DXN Limited, Annual General Meeting, Nov 20, 2023 DXN Limited, Annual General Meeting, Nov 20, 2023, at 09:00 E. Australia Standard Time. Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to consider re-election of director Mr. Peter Mcgrath; to consider re-election of director Mr. Brendan Power; to consider re-election of director Mr. Tim Hannon; to consider approval of 7.1A mandate; and to ratify a prior issue of ordinary shares. Reported Earnings • Oct 05
Full year 2023 earnings released: AU$0.006 loss per share (vs AU$0.005 loss in FY 2022) Full year 2023 results: AU$0.006 loss per share (further deteriorated from AU$0.005 loss in FY 2022). Revenue: AU$5.05m (down 65% from FY 2022). Net loss: AU$9.70m (loss widened 38% from FY 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Full year 2023 earnings released: AU$0.006 loss per share (vs AU$0.005 loss in FY 2022) Full year 2023 results: AU$0.006 loss per share (further deteriorated from AU$0.005 loss in FY 2022). Revenue: AU$6.17m (down 60% from FY 2022). Net loss: AU$9.70m (loss widened 41% from FY 2022). Board Change • Apr 06
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Peter McGrath is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Oct 02
Full year 2022 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in FY 2021) Full year 2022 results: AU$0.005 loss per share (in line with FY 2021). Revenue: AU$15.4m (up 92% from FY 2021). Net loss: AU$6.90m (loss widened 43% from FY 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in FY 2021) Full year 2022 results: AU$0.005 loss per share (vs AU$0.005 loss in FY 2021). Revenue: AU$15.4m (up 87% from FY 2021). Net loss: AU$6.90m (loss widened 43% from FY 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.003 loss per share (down from AU$0.002 loss in 1H 2021). Revenue: AU$6.63m (up 59% from 1H 2021). Net loss: AU$3.88m (loss widened 64% from 1H 2021). Revenue missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 05
Full year 2021 earnings released: AU$0.005 loss per share (vs AU$0.026 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$8.22m (up 58% from FY 2020). Net loss: AU$4.81m (loss narrowed 62% from FY 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Full year 2021 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$12.8m (up 147% from FY 2020). Net loss: AU$4.81m (loss narrowed 62% from FY 2020). Reported Earnings • Feb 19
First half 2021 earnings released: AU$0.002 loss per share (vs AU$0.016 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$4.18m (up 66% from 1H 2020). Net loss: AU$2.37m (loss narrowed 61% from 1H 2020). Reported Earnings • Oct 03
Full year earnings released - AU$0.026 loss per share Over the last 12 months the company has reported total losses of AU$12.6m, with losses widening by 70% from the prior year. Total revenue was AU$5.20m over the last 12 months, up 269% from the prior year.