New Risk • Aug 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Market cap is less than US$10m (AU$5.90m market cap, or US$4.16m). Minor Risk Revenue is less than US$5m (AU$2.8m revenue, or US$2.0m). New Risk • May 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% 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 Market cap is less than US$10m (AU$4.62m market cap, or US$3.29m). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Revenue is less than US$5m (AU$2.8m revenue, or US$2.0m). 공고 • May 13
Acrux Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million. Acrux Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 168,421,040
Price\Range: AUD 0.0095
Discount Per Security: AUD 0.00057
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공고 • Sep 30
Acrux Limited, Annual General Meeting, Nov 25, 2025 Acrux Limited, Annual General Meeting, Nov 25, 2025. Location: in the offices of pitcher partners, level 13, 664 collins st, docklands, melbourne Australia Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.017 loss per share (vs AU$0.02 loss in FY 2024) Full year 2025 results: AU$0.017 loss per share. Revenue: AU$4.53m (down 11% from FY 2024). Net loss: AU$5.95m (loss widened 2.5% from FY 2024). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Pharmaceuticals industry in Australia. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Don Brumley was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Don Brumley was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.1m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$4.6m free cash flow). Market cap is less than US$10m (AU$15.1m market cap, or US$9.91m). Minor Risk Revenue is less than US$5m (AU$5.1m revenue, or US$3.3m). 공고 • Oct 15
Acrux Limited, Annual General Meeting, Nov 21, 2024 Acrux Limited, Annual General Meeting, Nov 21, 2024. Location: in the offices of pitcher partners, level 13, 664 collins st, docklands, melbourne Australia New Risk • Sep 04
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: AU$5.1m (US$3.4m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$4.6m). Revenue is less than US$5m (AU$5.1m revenue, or US$3.4m). Market cap is less than US$100m (AU$17.7m market cap, or US$11.9m). Reported Earnings • Aug 30
Full year 2024 earnings released: AU$0.02 loss per share (vs AU$0.003 loss in FY 2023) Full year 2024 results: AU$0.02 loss per share (further deteriorated from AU$0.003 loss in FY 2023). Revenue: AU$8.10m (down 3.9% from FY 2023). Net loss: AU$5.80m (loss widened AU$5.04m from FY 2023). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 40% growth forecast for the Pharmaceuticals industry in Australia. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Don Brumley was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.73m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (AU$14.8m market cap, or US$9.73m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Reported Earnings • Mar 04
First half 2024 earnings released: AU$0.011 loss per share (vs AU$0.011 loss in 1H 2023) First half 2024 results: AU$0.011 loss per share (in line with 1H 2023). Revenue: AU$4.41m (up 210% from 1H 2023). Net loss: AU$3.24m (loss narrowed 1.7% from 1H 2023). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Pharmaceuticals industry in Australia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. 공고 • Feb 23
Acrux Limited to Report First Half, 2024 Results on Feb 23, 2024 Acrux Limited announced that they will report first half, 2024 results on Feb 23, 2024 공고 • Oct 27
Acrux Limited, Annual General Meeting, Nov 29, 2023 Acrux Limited, Annual General Meeting, Nov 29, 2023, at 10:00 AUS Eastern Standard Time. Location: Pitcher Partners, located at Level 13, 664 Collins St Docklands Victoria Australia Agenda: To receive and consider the financial report of the Company and the reports of the Directors and Auditor for the year ended 30 June 2023; to consider re-election of Mr. Ross Dobinson as a Director; to consider the issue of Rights to Non-executive Directors's as a component of their Remuneration; to consider the approval of 10% Placement Capacity Shares; to consider the approval of Omnibus Equity Plan to refresh approval as required by ASX Listing Rules; to consider the adoption of Remuneration Report; and to discuss other matters. Reported Earnings • Aug 27
Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.035 loss in FY 2022) Full year 2023 results: AU$0.003 loss per share (improved from AU$0.035 loss in FY 2022). Revenue: AU$8.43m (up 390% from FY 2022). Net loss: AU$764.0k (loss narrowed 92% from FY 2022). Post-clinical trial products Pre-registration: 3 Approved (during full year): 1 Launched (during full year): 1 Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Aug 26
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 Risk Market cap is less than US$10m (AU$12.7m market cap, or US$8.13m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$2.4m revenue, or US$1.6m). New Risk • Aug 20
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 Risk Market cap is less than US$10m (AU$14.1m market cap, or US$9.04m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (AU$2.4m revenue, or US$1.6m). Recent Insider Transactions • Mar 11
Independent Non-Executive Director recently bought AU$92k worth of stock On the 9th of March, Donald Brumley bought around 1m shares on-market at roughly AU$0.063 per share. This transaction increased Donald's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 24
First half 2023 earnings released: AU$0.011 loss per share (vs AU$0.019 loss in 1H 2022) First half 2023 results: AU$0.011 loss per share (improved from AU$0.019 loss in 1H 2022). Revenue: AU$3.25m (up 363% from 1H 2022). Net loss: AU$3.29m (loss narrowed 40% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Full year 2022 earnings released: AU$0.035 loss per share (vs AU$0.057 loss in FY 2021) Full year 2022 results: AU$0.035 loss per share (up from AU$0.057 loss in FY 2021). Revenue: AU$5.10m (up 282% from FY 2021). Net loss: AU$9.83m (loss narrowed 22% from FY 2021). 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 30% per year, which means it is significantly lagging earnings. Board Change • Aug 25
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 Geoff Brooke was the last independent director to join the board, commencing their role in 2016. 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 Geoff Brooke was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 30
Non-Executive Director recently bought AU$89k worth of stock On the 29th of November, Donald Brumley bought around 750k shares on-market at roughly AU$0.12 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$32k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 27
Full year 2021 earnings released: AU$0.057 loss per share (vs AU$0.056 loss in FY 2020) Full year 2021 results: Net loss: AU$12.6m (loss widened 33% from FY 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Executive Departure • Jun 29
CFO & Company Secretary Deborah Ambrosini has left the company During their tenure, earnings grew by 19% annually compared to the industry average, which went down by 35%. On the 25th of June, Deborah Ambrosini left the company after 2.1 in the role. We don't have any record of a personal shareholding under Deborah's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jun 10
Non Executive Director Norman Gray has left the company On the 4th of June, Norman Gray's tenure as Non Executive Director ended after 1.5 years in the role. As of March 2021, Norman still personally held only 127.39k shares (AU$20k worth at the time). Norman is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Jan 12
New 90-day high: AU$0.23 The company is up 25% from its price of AU$0.18 on 15 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 11% over the same period.