Aankondiging • Aug 10
Limeade, Inc. Files Form 15 Limeade, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. New Risk • Jul 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$8.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-US$8.5m free cash flow). Share price has been highly volatile over the past 3 months (100% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (AU$103.0m market cap, or US$68.6m). New Risk • Jun 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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 Share price has been highly volatile over the past 3 months (46% average daily change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$8.5m). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (AU$104.3m market cap, or US$69.2m). Price Target Changed • Jun 09
Price target increased by 15% to AU$0.43 Up from AU$0.38, the current price target is provided by 1 analyst. New target price is 6.2% above last closing price of AU$0.41. Stock is up 45% over the past year. The company is forecast to post a net loss per share of US$0.021 next year compared to a net loss per share of US$0.052 last year. Reported Earnings • May 16
First quarter 2023 earnings released: US$0.012 loss per share (vs US$0.025 loss in 1Q 2022) First quarter 2023 results: US$0.012 loss per share (improved from US$0.025 loss in 1Q 2022). Revenue: US$14.3m (up 13% from 1Q 2022). Net loss: US$3.09m (loss narrowed 52% from 1Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: US$0.052 loss per share (further deteriorated from US$0.04 loss in FY 2021). Revenue: US$56.0m (up 1.5% from FY 2021). Net loss: US$13.2m (loss widened 33% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$62.1m to US$58.0m. Losses expected to increase from US$0.016 per share to US$0.02. Software industry in Australia expected to see average net income growth of 17% next year. Consensus price target down from AU$0.38 to AU$0.29. Share price rose 6.1% to AU$0.26 over the past week. Aankondiging • Jan 12
Limeade, Inc. Announces Resignation of Todd Spartz as Chief Financial Officer, Effective 18 January 2023 Limeade, Inc. announced that Mr. Todd Spartz will resign as Chief Financial Officer (CFO) of the Company, departing 18 January 2023 to pursue another opportunity in the corporate sector. The company thanks him for his service. The Company has launched an internal and external search and in the interim, CFO duties will be performed by the existing Limeade Finance team under the leadership of Controller Paul Crick with assistance from outside vendors as appropriate and necessary. Breakeven Date Change • Dec 31
Forecast to breakeven in 2025 The 2 analysts covering Limeade expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$2.53m in 2025. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Price Target Changed • Nov 16
Price target decreased to AU$0.38 Down from AU$0.42, the current price target is an average from 2 analysts. New target price is 134% above last closing price of AU$0.16. Stock is down 69% over the past year. The company is forecast to post a net loss per share of US$0.048 next year compared to a net loss per share of US$0.04 last year. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Lisa Nelson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 15
Limeade, Inc. Reaffirms Guidance for the Full Year 2022 Limeade, Inc. reaffirmed its guidance for the full year 2022. For the period, the company expects GAAP net loss after tax of $11 million-$14 million. Aankondiging • Nov 07
Limeade, Inc. Appoints Dave Smith as President and Chief Operating Officer Limeade announced the promotion of Dave Smith from GM of the TINYpulse division to President and Chief Operating Officer, reporting to CEO Henry Albrecht. Smith has over 25 years of experience leading large global teams and growing SaaS companiesthrough periods of cross-enterprise transformation, including at PayScale and CareerBuilder. Hehas guided world-class companies as they grew from less than $5 Million to over $100 Million in annualrecurring revenue as a C-Level executive. Smith, who first joined Limeade in 2021 as part of the TINYpulse acquisition, is an industryveteran who has led various product, marketing, customer and strategy functions. Prior to hisrole at Limeade and TINYpulse, he was Chief Product and Strategy Officer at PayScale andManaging Director at CareerBuilder UK Ltd. In his new role, Dave will manage the day-to-day operations of the business, including product,technology, customer success and company operations. Aankondiging • Oct 28
Limeade, Inc. to Report Q3, 2022 Results on Nov 11, 2022 Limeade, Inc. announced that they will report Q3, 2022 results on Nov 11, 2022 Aankondiging • Oct 25
Limeade Appoints Alan Saporta as Chief Technology Officer Limeade announced Alan Saporta as Chief Technology Officer (CTO), leading the charge in delivering the technology vision and roadmap for the Limeade platform and solutions. As CTO, Alan will join the executive team to drive long-term strategic planning across the company and oversee theresearch and development team to operationalize echnology vision. Alan brings over 20 years of experience in Fortune 500 companies and start-ups across multiple industries where he honed his engineering leadership skills in product lifecycles, software development methodologies and product and vendor management. Prior to joining Limeade, Alan served in various executive technology positions at Walt Disney Studios, HME, Deluxe Entertainment, and Charles Schwab, spearheading major projects at the intersection of business and technology About Limeade Limeade is an immersive employee well-being company that creates healthy employee experiences. Limeade Institute science guides its industry-leading software and its own award-winning culture. Aankondiging • Sep 22
Chamiers Global Delivers an Open Letter to the Board of Limeade On September 21, 2022, Chamiers Global LLC announced that it has sent a letter to Limeade, Inc.’s Board of Directors expressing its view that the Company stock trades at a deep discount to Chamiers Global’s assessment of its intrinsic value and recommends that the Board take urgent action including commitment to a financial path based on growth or profitability and improved disclosures over the coming months on customer wins, contracted annual recurring revenue, and management compensation targets may also help restore lost investor confidence. Chamiers Global also expressed that the Company should evaluate its Board stock ownership guidelines because a majority of Directors own zero Company stock. Major Estimate Revision • Sep 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.05 to -US$0.06 per share. Revenue forecast unchanged at US$56.3m. Software industry in Australia expected to see average net income growth of 22% next year. Consensus price target down from AU$0.49 to AU$0.43. Share price fell 10% to AU$0.21 over the past week. Aankondiging • Sep 01
Limeade, Inc. Announces Management Changes Limeade, Inc. announced another milestone in leadership with the appointment of Kathy Xanthos and the promotion of Sarah Visbeek. Ms. Xanthos joins as Chief Information Security Officer (CISO), and Ms. Visbeek was promoted to General Council and retains her role as Corporate Secretary. With a commitment to hiring the best talent to bolster its leadership bench and employee base, Limeade continues to lead the industry in gender equity at every level of the business. Earlier this year, Limeade announced that women makeup 51% of the employee population and 48% of director-level and above leadership roles. To further its commitment to gender diversity, the company is reporting 57% representation of women on its Board of Directors. The commitment to diversity, inclusion and belonging is founded on the belief that the best innovation and business outcomes can only be found when all the best talent from all populations is represented. According to the 2022 Board Diversity Index, 32% of boards in the ASX 300 have female directors, of which 17% have boards with at least 50% women. The technology sector lags at 7.7% of companies with at least one woman in the boardroom. Building out the Limeade product and technology leadership team, Kathy Xanthos, Chief Information Security Officer, is responsible for the company's Security, Production Operations and Corporate Operations Teams. With a history of turning information security into a competitive advantage, Kathy brings over 20 years of experience in technology and information security to some of the nation's largest healthcare systems. Sarah Visbeek, hired earlier this year as VP of Legal and Corporate Secretary, has been promoted to General Counsel and Corporate Secretary effective immediately. Her responsibilities will include leading the legal team on matters from data privacy and compliance to risk management and company expansion. Visbeek brings more than a decade of legal experience and leadership from across the technology industry, including video games, ad technology and more. Price Target Changed • Sep 01
Price target decreased to AU$0.43 Down from AU$0.49, the current price target is an average from 2 analysts. New target price is 81% above last closing price of AU$0.24. Stock is down 67% over the past year. The company is forecast to post a net loss per share of US$0.057 next year compared to a net loss per share of US$0.04 last year. Aankondiging • Aug 30
Limeade, Inc. Provides Earnings Guidance for the Full Year 2022 Limeade, Inc. provided earnings guidance for the full year 2022. For the period, the company expects statutory net loss after tax in the rage of $11 to $14 million. Aankondiging • Aug 18
Limeade, Inc. to Report First Half, 2022 Results on Aug 30, 2022 Limeade, Inc. announced that they will report first half, 2022 results on Aug 30, 2022 Reported Earnings • Aug 09
First quarter 2022 earnings released: US$0.025 loss per share (vs US$0.012 loss in 1Q 2021) First quarter 2022 results: US$0.025 loss per share (down from US$0.012 loss in 1Q 2021). Revenue: US$12.7m (down 3.2% from 1Q 2021). Net loss: US$6.47m (loss widened 126% from 1Q 2021). Over the next year, revenue is forecast to grow 5.6%, compared to a 38% growth forecast for the industry in Australia. Breakeven Date Change • Aug 08
Forecast to breakeven in 2024 The 2 analysts covering Limeade expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 32% per year to 2023. The company is expected to make a profit of US$94.3k in 2024. Average annual earnings growth of 59% is required to achieve expected profit on schedule. Aankondiging • Jul 30
Limeade, Inc. Reconfirms Guidance for 2022 Limeade, Inc. reconfirmed guidance for 2022 as follows: pro forma revenue of $55 million to $58 million, pro forma net loss after tax of $8 million to $11 million. Breakeven Date Change • Jul 30
Forecast to breakeven in 2024 The 2 analysts covering Limeade expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 32% per year to 2023. The company is expected to make a profit of US$305.0k in 2024. Average annual earnings growth of 58% is required to achieve expected profit on schedule. Aankondiging • Jul 21
Limeade, Inc. to Report Q2, 2022 Results on Jul 29, 2022 Limeade, Inc. announced that they will report Q2, 2022 results on Jul 29, 2022 Aankondiging • Jul 19
Limeade, Inc. Elects Lisa Nelson as Class 3 Director Limeade, Inc. announced that at its Annual Meeting of Stockholders held on July 19, 2022, approved the election of class 3 director Lisa Nelson. Aankondiging • Jul 05
Limeade, Inc. announces Upcoming Retirement Chris Ackerley as Non-Executive Director Limeade, Inc. announced the upcoming retirement of Mr. Chris Ackerley, a Non-Executive Director of Limeade who will not seek re-election at the Company's Annual General Meeting (AGM) on Tuesday, 19 July 2022 (AEST). In addition, the Board of Directors of Limeade will seek shareholder approval at the AGM to appoint Ms. Lisa Nelson as a Non- Executive Director. 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. 7 non-independent directors. Non-Executive Director Deven Billimoria was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 22
Limeade, Inc. Provides Earnings Guidance for the Fiscal Year 2022 Limeade, Inc. provided earnings guidance for the fiscal year 2022. For the year, the company maintained proforma revenue of $55 million - $58 million. Aankondiging • Apr 13
Limeade, Inc. to Report Q1, 2022 Results on Apr 22, 2022 Limeade, Inc. announced that they will report Q1, 2022 results on Apr 22, 2022 Aankondiging • Apr 07
Limeade, Inc., Annual General Meeting, Jun 16, 2022 Limeade, Inc., Annual General Meeting, Jun 16, 2022, at 09:00 E. Australia Standard Time. Major Estimate Revision • Mar 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$53.4m to US$55.9m. Forecast EPS reduced from -US$0.04 to -US$0.04 per share. Software industry in Australia expected to see average net income growth of 35% next year. Consensus price target down from AU$0.95 to AU$0.45. Share price was steady at AU$0.33 over the past week. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: US$0.04 loss per share (down from US$0.001 loss in FY 2020). Revenue: US$55.2m (down 2.5% from FY 2020). Net loss: US$9.97m (loss widened US$9.70m from FY 2020). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 2.6% compared to a 31% growth forecast for the industry in Australia. Aankondiging • Feb 17
Limeade, Inc. to Report Fiscal Year 2021 Results on Feb 25, 2022 Limeade, Inc. announced that they will report fiscal year 2021 results on Feb 25, 2022 Aankondiging • Jan 22
Limeade, Inc. Reiterates Earnings Guidance for Fiscal Year 2021 Limeade, Inc. reiterated earnings guidance for fiscal year 2021. For the year, the company expected revenue of $50-53 million. Net loss after tax expected to be $7-10 million. Price Target Changed • Oct 05
Price target decreased to AU$1.28 Down from AU$1.45, the current price target is an average from 3 analysts. New target price is 105% above last closing price of AU$0.63. Stock is down 58% over the past year. Recent Insider Transactions • Sep 16
Non-Executive Director recently bought AU$122k worth of stock On the 14th of September, Deven Billimoria bought around 156k shares on-market at roughly AU$0.79 per share. 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 • Aug 30
First half 2021 earnings released: US$0.013 loss per share (vs US$0.005 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: US$26.9m (down 4.2% from 1H 2020). Net loss: US$3.18m (loss widened 138% from 1H 2020). Aankondiging • Aug 27
Limeade, Inc. Provides Earnings Results for the Earnings Guidance for the Year 2021 Limeade, Inc. provided earnings results for the earnings guidance for the year 2021. For the period, the company expected Revenue of $50 million to $53 million and Net loss after tax of $7 million to $10 million. Aankondiging • Jul 20
Limeade, Inc. (ASX:LME) acquired TINYhr Inc. for $8.8 million. Limeade, Inc. (ASX:LME) acquired TINYhr Inc. for $8.8 million on July 19, 2021. DBA TINYpulse for $8.8 million USD for 100% of the issued capital of TINYpulse. Additional earnouts tied to additional contracted annual recurring revenue growth may be payable over the 18 months following the close of the transaction. TINYpulse ended FY2020 with continuing revenue of $6.5 million with an adjusted EBITDA loss of $1.2 million. The transaction consideration is all cash and will be funded from existing Limeade cash reserves and is expected to be completed by the end of July, 2021. TINYpulse workforces will be integrated with the Limeade team methodically over time.
Limeade, Inc. (ASX:LME) completed the acquisition of TINYhr Inc. on July 19, 2021. Executive Departure • Jun 18
Non Executive Director Cameron J. Judson has left the company On the 18th of June, Cameron J. Judson's tenure as Non Executive Director ended after 1.5 years in the role. As of March 2021, Cameron J. still personally held only 50.00k shares (AU$44k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Aankondiging • Apr 25
Limeade, Inc. Provides Earnings Guidance for the Year 2021 Limeade, Inc. provided earnings guidance for the year 2021. For the year, the company expects revenue of USD 50 million to USD 53 million. Executive Departure • Mar 17
CFO & Company Secretary has left the company On the 12th of March, Toby Davis' tenure as CFO & Company Secretary ended after 4.2 years in the role. We don't have any record of a personal shareholding under Toby's name. Toby is the only executive to leave the company over the last 12 months. Price Target Changed • Mar 02
Price target lowered to AU$1.87 Down from AU$2.03, the current price target is an average from 2 analysts. The new target price is 94% above the current share price of AU$0.96. As of last close, the stock is down 48% over the past year. Is New 90 Day High Low • Mar 01
New 90-day low: AU$1.00 The company is down 44% from its price of AU$1.77 on 01 December 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 9.0% over the same period. Reported Earnings • Feb 27
Full year 2020 earnings released: US$0.001 loss per share (vs US$0.44 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$56.6m (up 19% from FY 2019). Net loss: US$265.0k (loss narrowed 99% from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 27
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 1.8%, compared to a 25% growth forecast for the Software industry in Australia. Aankondiging • Feb 17
Limeade, Inc. to Report Fiscal Year 2020 Results on Feb 26, 2021 Limeade, Inc. announced that they will report fiscal year 2020 results on Feb 26, 2021 Aankondiging • Feb 13
Limeade, Inc. Announces Resignation of Toby Davis as Chief Financial Officer Limeade announces that Mr. Toby Davis has resigned as Chief Financial Officer (CFO) of the Company to pursue other opportunities in the corporate sector. Mr. Davis will depart Limeade on 12 March 2021. Limeade, with the support of its Board, has selected an executive search firm to commence recruitment of a suitable candidate to fill this vacancy. In the interim, Mr. Davis' duties will be performed by the existing Limeade Finance team with assistance from outside vendors as appropriate and necessary. Aankondiging • Jan 13
Limeade, Inc. to Report Q4, 2020 Results on Jan 22, 2021 Limeade, Inc. announced that they will report Q4, 2020 results on Jan 22, 2021 Aankondiging • Dec 30
Limeade Signs USD 2.3 million Contract with University of Texas System Limeade announced the signing of a USD 2.3 million annual subscription contract with the University of Texas System. Under the terms of the contract, the University of Texas (UT) System will offer the Company's web-based and mobile well-being solution for all UT System employees, across 14 institutions. The initial term of the contract is three years. Is New 90 Day High Low • Dec 22
New 90-day low: AU$1.45 The company is down 3.0% from its price of AU$1.50 on 23 September 2020. The Australian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Aankondiging • Nov 16
Limeade Announces the Change of Company Secretary Limeade announced the appointment of Scott Fletcher to the role of Company Secretary. Scott currently holds the position of General Counsel of Limeade. Mr. Toby Davis has stepped down from the Company Secretary role at Limeade and will continue in his role as Chief Financial Officer with an additional focus on strategic growth initiatives for the Company. Major Estimate Revision • Nov 03
Analysts update estimates The company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -US$0.026 to -US$0.013. No change was made to the revenue estimate which at the last update was US$56.0m. The Software industry in Australia is expected to see an average net income growth of 9.8% next year. The consensus price target increased from AU$2.03 to AU$2.19. Share price is down by 4.3% to AU$1.98 over the past week. Aankondiging • Nov 01
Limeade, Inc. to Report Q3, 2020 Results on Oct 30, 2020 Limeade, Inc. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 12
New 90-day high: AU$1.60 The company is up 11% from its price of AU$1.44 on 14 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Aankondiging • Aug 19
Limeade, Inc. to Report First Half, 2020 Results on Aug 28, 2020 Limeade, Inc. announced that they will report first half, 2020 results on Aug 28, 2020 Aankondiging • Jul 21
Limeade, Inc. to Report Q2, 2020 Results on Jul 31, 2020 Limeade, Inc. announced that they will report Q2, 2020 results on Jul 31, 2020