Aankondiging • Mar 28
Orexplore Technologies Limited, Annual General Meeting, May 31, 2024 Orexplore Technologies Limited, Annual General Meeting, May 31, 2024. Agenda: To elect directors. Reported Earnings • Mar 01
Full year 2023 earnings released: AU$0.065 loss per share (vs AU$0.10 loss in FY 2022) Full year 2023 results: AU$0.065 loss per share (improved from AU$0.10 loss in FY 2022). Revenue: AU$3.43m (up 183% from FY 2022). Net loss: AU$8.19m (loss narrowed 22% from FY 2022). Aankondiging • Nov 01
Orexplore Technologies Limited Announces Resignation of Stuart Carmichael as a Non-Executive Director The Board of Orexplore Technologies Limited advised that Stuart Carmichael has stepped down as a Non-Executive Director of the Company to focus on his other business interests. Mr. Carmichael joined the Orexplore Board in February 2021 and played a key role in the initial public offering and ASX listing of the Company in February 2022 as well as making an important contribution to the establishment of robust commercial and governance standards at both Board and management levels. New Risk • Oct 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% 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$7.0m free cash flow). Share price has been highly volatile over the past 3 months (42% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Market cap is less than US$10m (AU$7.01m market cap, or US$4.48m). Minor Risk Revenue is less than US$5m (AU$2.5m revenue, or US$1.6m). New Risk • Sep 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$7.0m free cash flow). Share price has been highly volatile over the past 3 months (43% average weekly change). Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (AU$5.60m market cap, or US$3.60m). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (AU$2.5m revenue, or US$1.6m). Reported Earnings • Sep 05
First half 2023 earnings released: AU$0.045 loss per share (vs AU$0.036 loss in 1H 2022) First half 2023 results: AU$0.045 loss per share (further deteriorated from AU$0.036 loss in 1H 2022). Revenue: AU$1.49m (up AU$1.25m from 1H 2022). Net loss: AU$4.68m (loss widened 26% from 1H 2022). New Risk • Aug 31
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$7.1m free cash flow). Share price has been highly volatile over the past 3 months (45% average weekly change). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m (AU$1.2m revenue, or US$785k). Market cap is less than US$10m (AU$6.01m market cap, or US$3.89m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Aug 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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$7.1m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m (AU$1.2m revenue, or US$793k). Market cap is less than US$10m (AU$4.25m market cap, or US$2.78m). Reported Earnings • Mar 03
Full year 2022 earnings released: AU$0.10 loss per share (vs AU$0.051 loss in FY 2021) Full year 2022 results: AU$0.10 loss per share (further deteriorated from AU$0.051 loss in FY 2021). Revenue: AU$1.55m (up AU$1.54m from FY 2021). Net loss: AU$10.5m (loss widened 177% from FY 2021). Aankondiging • Jan 23
Orexplore Technologies Limited Appoints Will Randall as Non-Executive Director Orexplore Technologies Limited announce the appointment of Mr. Will Randall as a Non-Executive Director, with immediate effect. Mr. Randall has over 25 years of operational and executive experience in the Global Commodity and Mining Industry, operating across cultures, geographies, products andsupply chains. Mr. Randall was based in Asia from 1997 to 2020 with a critical focus on business development and supply chain strategies. He has served on the boards of various listed and private companies over this period. He will be representing his family company Circle 5 Management, a major shareholder in Orexplore, with a 19% holding. Mr. Randall holds a Bachelor of Business, majoring in Marketing & International Trade fromthe Australian Catholic University. Recent Insider Transactions • Dec 26
Non-Executive Director recently bought AU$108k worth of stock On the 21st of December, Kent Swick bought around 1m shares on-market at roughly AU$0.095 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$350k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 16
Non-Executive Director recently bought AU$87k worth of stock On the 8th of November, Kent Swick bought around 1m shares on-market at roughly AU$0.083 per share. This transaction amounted to 8.5% of their direct individual holding 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. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Chairman Alan Bye is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Stefan Sädbom was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Nov 10
Non-Executive Director recently bought AU$87k worth of stock On the 8th of November, Kent Swick bought around 1m shares on-market at roughly AU$0.083 per share. This transaction amounted to 8.5% of their direct individual holding 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. Aankondiging • Sep 27
Orexplore Technologies Limited Announces the Permanent Appointment of Greg Haskis to the Role of Chief Financial Officer Orexplore Technologies Limited announced the permanent appointment of Greg Haskis to the role of Chief Financial Officer (CFO). Mr. Haskis brings over 30 years' experience as a finance executive across a broad range of ASX-listed and private companies in Australia and South Africa. He was most recently Chief Financial Offer of ASX-listed technology company DUG Limited, and before that Chief Financial Officer of real estate funds manager Sirona Capital. Reported Earnings • Sep 01
First half 2022 earnings released: AU$0.036 loss per share (vs AU$0 in 1H 2021) First half 2022 results: AU$0.036 loss per share (down from AU$0 in 1H 2021). Net loss: AU$3.71m (loss widened 98% from 1H 2021). Aankondiging • Jun 22
Orexplore Technologies Limited Appoints Greg Haskis as Interim Chief Financial Officer Orexplore Technologies Limited announced the appointment of Greg Haskis as its new interim Chief Financial Officer (CFO). Mr. Haskis brings over 30 years' experience as a finance executive across a broad range of ASX-listed and private companies in Australia and South Africa. He was most recently Chief Financial Offer of ASX-listed technology company DUG Limited, and before that Chief Financial Officer of real estate funds manager Sirona Capital. As CFO of Sirona Capital, Mr. Haskis was responsible for all regulatory, financial and management accounting functions. He also held the CFO position at ASX-listed financial services provider Plan B Group for eight years from its successful IPO to the sale of the business to IOOF Group. Prior experience includes HSBC Group and Ernst & Young in South Africa. Mr. Haskis holds a Bachelor of Commerce from the University of Natal in Durban. He is currently a Member of the Institute of Chartered Accountants Australia. 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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 22
Orexplore Technologies Limited, Annual General Meeting, May 27, 2022 Orexplore Technologies Limited, Annual General Meeting, May 27, 2022, at 13:00 W. Australia Standard Time. Location: the Conference Centre, Central Park building 152-158 St Georges Terrace Perth Western Australia Australia Agenda: To consider re-election of Kent Swick as a director; to consider removal of auditor; to consider appointment of auditor; to consider remuneration report; and to transact other matters. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: AU$0.028 loss per share. Net loss: AU$2.64m (loss narrowed 57% from FY 2020). Revenue was in line with analyst estimates. Aankondiging • Jan 31
Orexplore Technologies Limited Appoints David French as Chief Financial Officer Orexplore Technologies Limited announced the appointment of Mr. David French as Chief Financial Officer. David is a senior financial executive with over 20 years' experience working in numerous finance and commercial roles for private and publicly listed companies. With a broad skillset spanning financial management, strategic execution and commercial acumen, he has been involved with rapid high growth businesses and supporting their international expansion. David is based in Orexplore's Perth corporate headquarters. He was most recently CFO of Lockton Companies Australia, owned by Lockton Companies Inc. Under his leadership as CFO for the Lockton Australia and Pacific region, revenue doubled between 2018 to 2021 and the employee base increased similarly. Prior to that, he led the commercial delivery of multiple contracts at leading engineering & construction firm the Clough Group where he worked as a contract manager across tier-one projects for Chevron, CSBP, and Roy Hill. Previous roles also included Finance Manager for ASX-listed technology Engineering firm LogiCamms and Contracts Development Manager at ASX-listed energy company AusNet Services. Reported Earnings • Jan 24
First half 2021 earnings: Revenues in line with analyst expectations First half 2021 results: Net loss: AU$1.87m (flat on 1H 2020). Revenue was in line with analyst estimates. Board Change • Jan 24
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 