Board Change • May 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Bob Boaz was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Sep 19
PolarX Limited, Annual General Meeting, Nov 18, 2025 PolarX Limited, Annual General Meeting, Nov 18, 2025. 공시 • Sep 15
PolarX Limited has completed a Follow-on Equity Offering in the amount of AUD 5.08782 million. PolarX Limited has completed a Follow-on Equity Offering in the amount of AUD 5.08782 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 339,188,013
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Transaction Features: Subsequent Direct Listing 공시 • Sep 08
PolarX Limited has filed a Follow-on Equity Offering in the amount of AUD 5.025 million. PolarX Limited has filed a Follow-on Equity Offering in the amount of AUD 5.025 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 335,000,000
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Transaction Features: Subsequent Direct Listing New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 7.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (84% average daily change). Earnings have declined by 7.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m (AU$100 revenue, or US$69.0). Minor Risk Market cap is less than US$100m (€14.7m market cap, or US$16.4m). 공시 • Sep 25
PolarX Limited, Annual General Meeting, Nov 22, 2024 PolarX Limited, Annual General Meeting, Nov 22, 2024. 공시 • Aug 06
PolarX Limited has completed a Follow-on Equity Offering in the amount of AUD 3.000185 million. PolarX Limited has completed a Follow-on Equity Offering in the amount of AUD 3.000185 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,018,500
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing New Risk • Apr 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% 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 (44% average weekly change). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€16.2m market cap, or US$17.5m). 공시 • Feb 28
PolarX Limited has filed a Follow-on Equity Offering in the amount of AUD 4.91885 million. PolarX Limited has filed a Follow-on Equity Offering in the amount of AUD 4.91885 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 409,904,194
Price\Range: AUD 0.012
Transaction Features: Rights Offering New Risk • Dec 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€7.04m market cap, or US$7.66m). 공시 • Sep 15
PolarX Limited, Annual General Meeting, Nov 22, 2023 PolarX Limited, Annual General Meeting, Nov 22, 2023. Agenda: To discuss the re-election of directors. New Risk • Jun 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.12m (US$9.94m) 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$6.0m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 5.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€9.12m market cap, or US$9.94m). Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Bob Boaz was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Bob Boaz was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.