New Risk • Jun 26
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 22% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Market cap is less than US$10m (AU$11.2m market cap, or US$7.74m). Minor Risk Large one-off items impacting financial results. Board Change • May 20
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 Kenneth Lai 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 • May 01
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 Kenneth Lai 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. Aankondiging • Mar 03
Novatti Group Limited to Report First Half, 2026 Results on Feb 27, 2026 Novatti Group Limited announced that they will report first half, 2026 results on Feb 27, 2026 Board Change • Dec 24
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 Kenneth Lai 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. Aankondiging • Nov 15
Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,363,636
Price\Range: AUD 0.0275
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 13
Novatti Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Novatti Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,363,636
Price\Range: AUD 0.0275
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Sep 16
Novatti Group Limited, Annual General Meeting, Nov 25, 2025 Novatti Group Limited, Annual General Meeting, Nov 25, 2025. Aankondiging • Sep 04
Cgp Equity Pty Ltd acquired Emersion Systems Pty. Ltd. from Novatti Group Limited (ASX:NOV) for AUD 0.50 million. Cgp Equity Pty Ltd acquired Emersion Systems Pty. Ltd. from Novatti Group Limited (ASX:NOV) for AUD 0.50 million on September 3, 2025. A cash consideration of AUD 0.5 million will be paid by Cgp Equity Pty Ltd. As part of consideration, AUD 0.5 million is paid towards common equity of Emersion Systems Pty. Ltd. The agreement provides for adjustments for staff retention bonuses and the retention of a net cash balance in the business of at least AUD 175,000 for working capital purposes. Post-completion obligations include the novation of US customer contracts (as the US based subsidiary did not form part of the sale and will be wound up in due course). The agreement otherwise contains provisions customary for a transaction of this nature, including for warranties, representations and indemnities; confidentiality; and non-competition/solicitation.
Cgp Equity Pty Ltd completed the acquisition of Emersion Systems Pty. Ltd. from Novatti Group Limited (ASX:NOV) on September 3, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.017 loss per share (vs AU$0.05 loss in FY 2024) Full year 2025 results: AU$0.017 loss per share (improved from AU$0.05 loss in FY 2024). Revenue: AU$54.2m (up 26% from FY 2024). Net loss: AU$8.26m (loss narrowed 52% from FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. New Risk • Aug 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$879k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$11m free cash flow). Negative equity (-AU$879k). Earnings have declined by 6.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$18.5m market cap, or US$12.1m). Aankondiging • Dec 09
Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 4.024503 million. Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 4.024503 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,612,567
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 28
Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3.0075 million. Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3.0075 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,187,500
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Oct 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.80m) 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (AU$14.6m market cap, or US$9.80m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$14m). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Reported Earnings • Oct 01
Full year 2024 earnings released: AU$0.05 loss per share (vs AU$0.068 loss in FY 2023) Full year 2024 results: AU$0.05 loss per share (improved from AU$0.068 loss in FY 2023). Revenue: AU$42.9m (up 10% from FY 2023). Net loss: AU$17.0m (loss narrowed 26% from FY 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. New Risk • Sep 23
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 Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-AU$394k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$14m). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Market cap is less than US$100m (AU$29.2m market cap, or US$19.9m). Aankondiging • Sep 23
Novatti Group Limited, Annual General Meeting, Nov 26, 2024 Novatti Group Limited, Annual General Meeting, Nov 26, 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.052 loss per share (vs AU$0.078 loss in FY 2023) Full year 2024 results: AU$0.052 loss per share (improved from AU$0.078 loss in FY 2023). Revenue: AU$45.8m (up 18% from FY 2023). Net loss: AU$17.8m (loss narrowed 33% from FY 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Aankondiging • Jul 25
Eurus Capital Pty Ltd entered into a binding agreement to acquire IBOA Group Holdings Pty Ltd from Novatti Group Limited (ASX:NOV) for AUD 2.9 million. Eurus Capital Pty Ltd entered into a binding agreement to acquire IBOA Group Holdings Pty Ltd from Novatti Group Limited (ASX:NOV) for AUD 2.9 million on July 25, 2024. A cash consideration of AUD 2.87 million will be paid by Eurus Capital Pty Ltd. As part of the consideration, Eurus Capital Pty Ltd will acquire 36.7 million shares of IBOA Group Holdings Pty Ltd. New Risk • Jul 10
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 13% 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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Market cap is less than US$100m (AU$19.9m market cap, or US$13.4m). New Risk • Jun 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.70m) 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$14.6m market cap, or US$9.70m). Minor Risk Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Breakeven Date Change • Apr 19
No longer forecast to breakeven The analyst covering Novatti Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.20m in 2025. New forecast suggests the company will make a loss of AU$100.0k in 2026. New Risk • Mar 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% 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: Minor Risks Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Market cap is less than US$100m (AU$19.8m market cap, or US$12.9m). Aankondiging • Mar 01
Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.822503 million. Novatti Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.822503 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,708,376
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options Aankondiging • Nov 17
An unknown buyer agreed to acquire 19.9% stake in Reckon Limited (ASX:RKN) from Novatti Group Limited (ASX:NOV) for AUD 8.9 million. An unknown buyer agreed to acquire 19.9% stake in Reckon Limited (ASX:RKN) from Novatti Group Limited (ASX:NOV) for AUD 8.9 million on November 16, 2023. Under the terms, each share shall be sold at AUD 0.40 per share. Settlement of the sale is expected to occur on November 17, 2023. Reported Earnings • Oct 02
Full year 2023 earnings released: AU$0.078 loss per share (vs AU$0.051 loss in FY 2022) Full year 2023 results: AU$0.078 loss per share (further deteriorated from AU$0.051 loss in FY 2022). Revenue: AU$39.0m (up 20% from FY 2022). Net loss: AU$26.3m (loss widened 58% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Aankondiging • Sep 06
Novatti Group Limited, Annual General Meeting, Nov 28, 2023 Novatti Group Limited, Annual General Meeting, Nov 28, 2023. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.078 loss per share (vs AU$0.051 loss in FY 2022) Full year 2023 results: AU$0.078 loss per share (further deteriorated from AU$0.051 loss in FY 2022). Revenue: AU$55.3m (up 70% from FY 2022). Net loss: AU$26.3m (loss widened 58% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than 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 Risk Earnings have declined by 37% 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$38.9m market cap, or US$25.3m). Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.038 loss per share (vs AU$0.031 loss in 1H 2022) First half 2023 results: AU$0.038 loss per share (further deteriorated from AU$0.031 loss in 1H 2022). Revenue: AU$34.8m (up 206% from 1H 2022). Net loss: AU$12.9m (loss widened 30% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Aankondiging • Jan 24
Novatti Group Limited Announces the Resignation of Steven Stamboultgis as Joint Company Secretary, Effective by the End of March 2023 Novatti Group Limited announced that the company's Chief Financial Officer and Joint Company Secretary, Steven Stamboultgis has tendered his resignation effective by the end of March 2023 after the Company lodges its half yearly reviewed financial accounts for the period ended 31 December 2022. Steven has been with the Company since before listing on the ASX and has been a key member of the Company's leadership team since then. Aankondiging • Jan 23
Novatti Group Limited Announces the Resignation of Steven Stamboultgis as Chief Financial Officer, Effective by the End of March 2023 Novatti Group Limited announced that the company's Chief Financial Officer and Joint Company Secretary, Steven Stamboultgis has tendered his resignation effective by the end of March 2023 after the Company lodges its half yearly reviewed financial accounts for the period ended 31 December 2022. Steven has been with the Company since before listing on the ASX and has been a key member of the Company's leadership team since then. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.051 loss per share (vs AU$0.052 loss in FY 2021) Full year 2022 results: AU$0.051 loss per share. Revenue: AU$34.4m (up 87% from FY 2021). Net loss: AU$16.6m (loss widened 41% from FY 2021). Reported Earnings • Mar 06
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.031 loss per share (down from AU$0.014 loss in 1H 2021). Revenue: AU$11.4m (up 55% from 1H 2021). Net loss: AU$9.92m (loss widened 218% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Executive Departure • Sep 03
Non-Executive Director Paul Burton has left the company On the 2nd of September, Paul Burton's tenure as Non-Executive Director ended after 5.3 years in the role. We don't have any record of a personal shareholding under Paul's name. Paul is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 9.17 years. Reported Earnings • Sep 02
Full year 2021 earnings released: AU$0.052 loss per share (vs AU$0.064 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$18.4m (up 55% from FY 2020). Net loss: AU$11.8m (loss widened 7.8% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 15
New 90-day high: AU$0.34 The company is up 34% from its price of AU$0.26 on 17 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day high: AU$0.30 The company is up 30% from its price of AU$0.23 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 23% over the same period.