Announcement • Jun 23
1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 8.457044 million. 1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 8.457044 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 84,570,435
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • May 20
Insufficient new directors 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. No highly experienced directors. Independent Non-Executive Director Randolph Bowen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new directors 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. No highly experienced directors. Independent Non-Executive Director Randolph Bowen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. 1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 206,896,551
Price\Range: AUD 0.0145
Discount Per Security: AUD 0.00087 Announcement • Mar 27
1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 2.68725 million. 1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 2.68725 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 93,672,099
Price\Range: AUD 0.0145
Discount Per Security: AUD 0.00087
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 91,655,487
Price\Range: AUD 0.0145
Discount Per Security: AUD 0.00087
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jan 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% 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 (24% average weekly change). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$11.5m market cap, or US$7.72m). Board Change • Dec 31
Insufficient new directors 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. No highly experienced directors. Independent Non-Executive Director Randolph Bowen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 09
1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 1.214 million. 1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 1.214 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,904,762
Price\Range: AUD 0.042
Transaction Features: Subsequent Direct Listing Announcement • Sep 24
1414 Degrees Limited, Annual General Meeting, Nov 19, 2025 1414 Degrees Limited, Annual General Meeting, Nov 19, 2025. Board Change • Feb 04
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Executive Chairman Kevin Moriarty is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Executive Chairman Kevin Moriarty is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$19.3m market cap, or US$13.3m). Announcement • Sep 17
1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 1.893464 million. 1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 1.893464 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,725,728
Price\Range: AUD 0.053
Transaction Features: Subsequent Direct Listing Announcement • Sep 11
1414 Degrees Limited, Annual General Meeting, Nov 14, 2024 1414 Degrees Limited, Annual General Meeting, Nov 14, 2024. Announcement • Aug 16
1414 Degrees Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. 1414 Degrees 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: 16,666,667
Price\Range: AUD 0.06 Board Change • Jan 08
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Executive Chairman Kevin Moriarty is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 09
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Executive Chairman Kevin Moriarty is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 21
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Executive Chairman Kevin Moriarty is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 15
1414 Degrees Limited, Annual General Meeting, Nov 10, 2023 1414 Degrees Limited, Annual General Meeting, Nov 10, 2023. New Risk • Sep 01
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: -AU$4.9m 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 (-AU$4.9m free cash flow). Shares are highly illiquid. Revenue is less than US$1m (AU$115k revenue, or US$75k). Market cap is less than US$10m (AU$9.29m market cap, or US$6.02m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). 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 Shares are highly illiquid. High level of non-cash earnings (98% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.05m market cap, or US$5.86m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Aug 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Shares are highly illiquid. High level of non-cash earnings (98% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.53m market cap, or US$6.11m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Board Change • Apr 05
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Executive Chairman Kevin Moriarty is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Chairman Kevin Moriarty is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 26
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Dana Larson is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jun 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Dana Larson is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Jul 23
Non-Executive Director Kevin Moriarty has left the company On the 19th of July, Kevin Moriarty was replaced as CEO by Jordan Parham. Kevin still personally held 12.65m shares (AU$1.7m worth) as of March 2021. This is 6.3% of the company. A total of 5 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. Executive Departure • Jun 02
Independent Non-Executive Director & Company Secretary has left the company On the 24th of May, Richard Walter Willson's tenure as Independent Non-Executive Director & Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Richard Walter's name. A total of 4 executives have left over the last 12 months. Is New 90 Day High Low • Jan 08
New 90-day high: AU$0.34 The company is up 168% from its price of AU$0.13 on 09 October 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: AU$0.21 The company is up 62% from its price of AU$0.13 on 25 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 5.0% over the same period.