お知らせ • Sep 18
K2fly's Takeover By Argyle Now Effective and K2fly's Shares to be Delisted from Australian Bourse By September 30, 2024 K2fly Limited's takeover by Argyle Bidco via a scheme of arrangement is now legally effective, following the filing of the court orders for a scheme implementation deed with the Australian Securities and Investments Commission, according to a September 17, 2024 filing with the Australian bourse. Argyle is an entity controlled by technology-focused investment firm Accel-KKR Capital Partners. Shareholders will receive AUD 0.19 per share held in the company on the record date of September 19, the filing stated. The enterprise resource governance firm's shares are expected to be suspended from trading by the end of the trading day on September 17, 2024. They will be delisted from the Australian bourse by September 30. Reported Earnings • Aug 05
Full year 2024 earnings released: AU$0.028 loss per share (vs AU$0.013 loss in FY 2023) Full year 2024 results: AU$0.028 loss per share (further deteriorated from AU$0.013 loss in FY 2023). Revenue: AU$12.5m (down 2.7% from FY 2023). Net loss: AU$5.10m (loss widened 130% from FY 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Apr 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Chair Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Chair Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Chair Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Chair Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% 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 Shares are highly illiquid. Earnings have declined by 1.7% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Market cap is less than US$100m (AU$20.4m market cap, or US$13.7m). お知らせ • Dec 16
K2fly Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. K2fly 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
Discount Per Security: AUD 0.002
Transaction Features: Subsequent Direct Listing お知らせ • Nov 02
K2fly Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. K2fly Limited has filed 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
Discount Per Security: AUD 0.002
Transaction Features: Subsequent Direct Listing Board Change • Oct 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Chair Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Oct 06
K2fly Limited, Annual General Meeting, Nov 27, 2023 K2fly Limited, Annual General Meeting, Nov 27, 2023. Board Change • Sep 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Chair Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.013 loss per share (vs AU$0.032 loss in FY 2022) Full year 2023 results: AU$0.013 loss per share (improved from AU$0.032 loss in FY 2022). Revenue: AU$12.8m (up 28% from FY 2022). Net loss: AU$2.22m (loss narrowed 52% from FY 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Aug 24
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 Shares are highly illiquid. Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$17.4m market cap, or US$11.2m). Board Change • Aug 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 21
First half 2023 earnings released: AU$0.011 loss per share (vs AU$0.012 loss in 1H 2022) First half 2023 results: AU$0.011 loss per share. Revenue: AU$5.45m (up 19% from 1H 2022). Net loss: AU$1.99m (loss widened 16% from 1H 2022). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in Australia. Board Change • Feb 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Pauline Vamos was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
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 Chairman Jenny Cutri was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 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 Jenny Cutri was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
Full year 2022 earnings released: AU$0.032 loss per share (vs AU$0.028 loss in FY 2021) Full year 2022 results: AU$0.032 loss per share (further deteriorated from AU$0.028 loss in FY 2021). Revenue: AU$10.0m (up 44% from FY 2021). Net loss: AU$4.62m (loss widened 56% from FY 2021). Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.032 loss per share (vs AU$0.028 loss in FY 2021) Full year 2022 results: AU$0.032 loss per share (down from AU$0.028 loss in FY 2021). Revenue: AU$10.0m (up 44% from FY 2021). Net loss: AU$4.62m (loss widened 56% from FY 2021). Over the next year, revenue is forecast to grow 68%, compared to a 49% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. 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 Chairman Jenny Cutri was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Apr 27
Forecast breakeven date moved forward to 2023 The analyst covering K2fly previously expected the company to break even in 2024. New forecast suggests losses will reduce by 49% to 2022. The company is expected to make a profit of AU$400.0k in 2023. Average annual earnings growth of 118% is required to achieve expected profit on schedule. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.028 loss per share (vs AU$0.041 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$6.95m (up 24% from FY 2020). Net loss: AU$2.96m (loss narrowed 11% from FY 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 03
Full year 2021 earnings released: AU$0.028 loss per share (vs AU$0.041 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$6.95m (up 24% from FY 2020). Net loss: AU$2.96m (loss narrowed 11% from FY 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 02
New 90-day high: AU$0.39 The company is up 12% from its price of AU$0.34 on 03 November 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 6.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: AU$0.32 The company is down 18% from its price of AU$0.39 on 16 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 1.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: AU$0.33 The company is down 14% from its price of AU$0.38 on 04 September 2020. The Australian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: AU$0.41 The company is up 95% from its price of AU$0.21 on 16 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 24% over the same period.