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 Chairman Roger Buckeridge was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
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 Chairman Roger Buckeridge was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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 Chairman Roger Buckeridge was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 31
FirstWave Cloud Technology Limited, Annual General Meeting, Nov 28, 2025 FirstWave Cloud Technology Limited, Annual General Meeting, Nov 28, 2025. 공시 • Oct 01
FirstWave Cloud Technology Limited announced that it has received $2.5 million in funding FirstWave Cloud Technology Limited announced that it has entered into an purchase agreement and raised $2.5 million in a round of funding on September 30, 2025. The transaction included participation from new lender Partners for Growth VII, L.P., a fund managed by Partners for Growth Managers, LLC. The company will issue loan facility in the transaction. 공시 • Sep 27
FirstWave Cloud Technology Limited has completed a Follow-on Equity Offering in the amount of AUD 2.85 million. FirstWave Cloud Technology Limited has completed a Follow-on Equity Offering in the amount of AUD 2.85 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 185,683,352
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,316,648
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공시 • Jul 30
FirstWave Cloud Technology Limited to Report Q4, 2025 Results on Aug 06, 2025 FirstWave Cloud Technology Limited announced that they will report Q4, 2025 results on Aug 06, 2025 공시 • Apr 23
FirstWave Cloud Technology Limited to Report Q3, 2025 Results on Apr 30, 2025 FirstWave Cloud Technology Limited announced that they will report Q3, 2025 results on Apr 30, 2025 공시 • Apr 01
Firstwave Cloud Technology Limited Announces Board Changes FirstWave Cloud Technology Limited announced it has appointed corporate finance and investment banking executive David Garnier as a Non-Executive Director. Mr. Garnier will replace Daniel Friel who has announced his retirement from full-time corporate life to spend more time with family and will stand down from the FirstWave Board, effective March 31, 2025. Mr. Friel will continue as an advisor to the company, with a particular focus on US investment
markets. Mr. Garnier has more than 30 years of experience in corporate finance, advisory and investment banking, and serves as a Director for multiple private and public companies focusing on technology and innovation. He is the founder and Chairman of New Wave Capital, a Hong Kong-based investment bank with an extensive client list across Asia and Australia. He now resides on the Gold Coast after nearly 10 years in Beijing, China. He has a Bachelor of Commerce from Canberra University and is a qualified CPA. FirstWave Chairman John Grant said Mr. Garnier would provide the company with a range of essential skills to support its goal of becoming a globally significant player in network management and cybersecurity. Board Change • Feb 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. 3 non-independent directors. Non-Executive Director Daniel Friel was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jan 21
FirstWave Cloud Technology Limited to Report Q2, 2025 Results on Jan 30, 2025 FirstWave Cloud Technology Limited announced that they will report Q2, 2025 results on Jan 30, 2025 Board Change • Dec 31
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. 3 non-independent directors. Non-Executive Director Daniel Friel was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 15
FirstWave Cloud Technology Limited to Report Q1, 2025 Results on Oct 30, 2024 FirstWave Cloud Technology Limited announced that they will report Q1, 2025 results on Oct 30, 2024 공시 • Oct 01
FirstWave Cloud Technology Limited, Annual General Meeting, Nov 28, 2024 FirstWave Cloud Technology Limited, Annual General Meeting, Nov 28, 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.013 loss per share (vs AU$0.008 loss in FY 2023) Full year 2024 results: AU$0.013 loss per share (further deteriorated from AU$0.008 loss in FY 2023). Revenue: AU$11.3m (down 9.7% from FY 2023). Net loss: AU$23.0m (loss widened 71% from FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. 공시 • Jul 17
FirstWave Cloud Technology Limited to Report Q4, 2024 Results on Jul 31, 2024 FirstWave Cloud Technology Limited announced that they will report Q4, 2024 results on Jul 31, 2024 New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.7m (US$9.11m) 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$4.8m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Market cap is less than US$10m (AU$13.7m market cap, or US$9.11m). Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding). 공시 • Apr 11
FirstWave Cloud Technology Limited to Report Q3, 2024 Results on Apr 24, 2024 FirstWave Cloud Technology Limited announced that they will report Q3, 2024 results on Apr 24, 2024 공시 • Jan 26
FirstWave Cloud Technology Limited to Report Q2, 2024 Results on Jan 30, 2024 FirstWave Cloud Technology Limited announced that they will report Q2, 2024 results on Jan 30, 2024 Board Change • Oct 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. 5 non-independent directors. Non-Executive Director Ray Kiley 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. 공시 • Oct 16
FirstWave Cloud Technology Limited to Report Q1, 2024 Results on Oct 26, 2023 FirstWave Cloud Technology Limited announced that they will report Q1, 2024 results on Oct 26, 2023 Board Change • Oct 11
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. 5 non-independent directors. Non-Executive Director Ray Kiley 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. 공시 • Sep 21
FirstWave Cloud Technology Limited Announces Management Changes FirstWave Cloud Technology Limited provided the following update on key changes to the business following the acquisition of Saisei Networks Inc. Current Chief Financial Officer and Company Secretary, Iain Bartram, has been appointed to the newly created position of Chief Operating Officer, adding responsibility for customer support and software development to his existing responsibilities. This change allows the company´s CEO, Danny Maher, to increase his focus on sales and marketing, and the company´s strategic goals. The Chief Revenue Officer (CRO), Dino Davanzo, extends his sales responsibilities to include the company's marketing functions and product strategy globally. Saisei's General Manager (based in Melbourne) Jerome Fink joins under FirstWave's CRO to spearhead the growth of Saisei related sales, cross-selling and integration of the Saisei products in to FirstWave sales and marketing processes. Saisei software developers (a team of 6) join FirstWave's development team under Deepthi Bhushan and Saisei's presales engineer joins FirstWave's US team under North American Sales Director James Morzelewski. Saisei Co-Founder and Chief Technology Officer John Harper joins FirstWave following the acquisition. Mr. Harper has more than 30 years of experience in computer and telecommunications networking. Before Saisei, Mr. Harper led engineering at Anagran, overseeing the creation of their advanced flow-based traffic managers. He previously served at Cisco as the VP of IOS Routing, directing the strategy and development of routing protocols, multicast and IPv6, among other areas. Guy Brunsdon has been appointed as General Manager of Products, reporting to the CRO and supported by the CEO to drive the direction of the company's technology. Mr. Brunsdon's impressive background includes holding senior roles at companies such as Telstra, Cisco, VMware and Citrix Systems in Silicon Valley, Seattle, Cambridge, and Australia. Mr. Brunsdon will commence with FirstWave on 27 September 2023. After leading FirstWave's software development activities since the Company's formation, the company's current Chief Technology Officer (CTO), Simon Ryan, will depart the business in December 2023. 공시 • Sep 19
FirstWave Cloud Technology Limited (ASX:FCT) acquired assets of Silicon Valley from Saisei Networks Inc. FirstWave Cloud Technology Limited (ASX:FCT) acquired assets of Silicon Valley from Saisei Networks Inc. on September 18, 2023.FirstWave Cloud Technology Limited (ASX:FCT) completed the acquisition of assets of Silicon Valley from Saisei Networks Inc. on September 18, 2023. Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.008 loss per share (vs AU$0.011 loss in FY 2022) Full year 2023 results: AU$0.008 loss per share (improved from AU$0.011 loss in FY 2022). Revenue: AU$12.5m (up 34% from FY 2022). Net loss: AU$13.4m (flat on FY 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. New Risk • Aug 30
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$8.5m free cash flow). Earnings have declined by 6.7% 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$86.5m market cap, or US$56.1m). 공시 • Jul 17
Firstwave Cloud Technology Limited to Report Q4, 2023 Results on Jul 26, 2023 Firstwave Cloud Technology Limited announced that they will report Q4, 2023 results on Jul 26, 2023 Board Change • Apr 19
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. 5 non-independent directors. Non-Executive Director Raymond Kiley 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 • Mar 02
First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.01 loss in 1H 2022) First half 2023 results: AU$0.002 loss per share (improved from AU$0.01 loss in 1H 2022). Revenue: AU$6.56m (up 87% from 1H 2022). Net loss: AU$3.26m (loss narrowed 57% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. 공시 • Jan 18
Firstwave Cloud Technology Limited to Report Q2, 2023 Results on Jan 31, 2023 Firstwave Cloud Technology Limited announced that they will report Q2, 2023 results on Jan 31, 2023 Board Change • Jan 16
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. 5 non-independent directors. Non-Executive Director Raymond Kiley 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
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. 5 non-independent directors. Non-Executive Director Raymond Kiley 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 • Sep 03
Full year 2022 earnings released: AU$0.011 loss per share (vs AU$0.016 loss in FY 2021) Full year 2022 results: AU$0.011 loss per share. Revenue: AU$9.35m (up 17% from FY 2021). Net loss: AU$13.5m (loss widened 24% from FY 2021). Over the next year, revenue is forecast to grow 57%, compared to a 20% growth forecast for the IT industry in Australia. Board Change • Sep 03
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 Director Ray Kiley 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 27
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 Director Ray Kiley 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 • Oct 01
Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.042 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: AU$7.98m (down 3.4% from FY 2020). Net loss: AU$10.8m (loss narrowed 22% from FY 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 28
Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.042 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: AU$7.98m (down 3.4% from FY 2020). Net loss: AU$10.6m (loss narrowed 23% from FY 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Executive Departure • Jul 15
Chief Executive Officer Neil Pollock has left the company On the 8th of July, Neil Pollock's tenure as Chief Executive Officer of the company ended after less than a year in the role. We don't have any record of a personal shareholding under Neil's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Neil's leadership, the company delivered a total shareholder return of -52%. Executive Departure • Jun 14
Non-Executive Director David Acton has left the company On the 4th of June, David Acton's tenure as Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under David's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Mar 03
First half 2021 earnings released: AU$0.01 loss per share (vs AU$0.023 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: AU$4.05m (down 2.1% from 1H 2020). Net loss: AU$6.48m (loss narrowed 2.8% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Executive Departure • Feb 11
Non-Executive Director has left the company On the 4th of February, Scott Lidgett's tenure as Non-Executive Director ended after 12.9 years in the role. As of September 2020, Scott personally held 38.85m shares (AU$5.1m worth at the time). A total of 4 executives have left over the last 12 months.