New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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 Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$34.8m market cap, or US$22.8m). New Risk • Nov 18
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$3.0m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$27.1m market cap, or US$17.6m). Announcement • Nov 07
Clean TeQ Water Limited has completed a Follow-on Equity Offering. Clean TeQ Water Limited has completed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,800,000
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,400,000
Transaction Features: Subsequent Direct Listing Announcement • Oct 28
Clean TeQ Water Limited, Annual General Meeting, Nov 27, 2025 Clean TeQ Water Limited, Annual General Meeting, Nov 27, 2025. Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.039 loss per share (vs AU$0.046 loss in FY 2024) Full year 2025 results: AU$0.039 loss per share (improved from AU$0.046 loss in FY 2024). Revenue: AU$12.2m (up 5.9% from FY 2024). Net loss: AU$2.82m (loss narrowed 13% from FY 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. New Risk • Jul 02
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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$4.8m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$16.6m market cap, or US$10.9m). New Risk • Mar 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.9m (US$9.99m) 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$4.8m free cash flow). Market cap is less than US$10m (AU$15.9m market cap, or US$9.99m). New Risk • Mar 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$4.8m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-AU$4.8m free cash flow). Minor Risk Market cap is less than US$100m (AU$17.0m market cap, or US$10.5m). Board Change • Nov 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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Robyn McLeod was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 25
Clean TeQ Water Limited, Annual General Meeting, Nov 26, 2024 Clean TeQ Water Limited, Annual General Meeting, Nov 26, 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.05 loss per share (vs AU$0.095 loss in FY 2023) Full year 2024 results: AU$0.05 loss per share (improved from AU$0.095 loss in FY 2023). Revenue: AU$12.2m (down 1.4% from FY 2023). Net loss: AU$3.22m (loss narrowed 41% from FY 2023). New Risk • Aug 22
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 (25% increase in shares outstanding). Market cap is less than US$100m (AU$23.1m market cap, or US$15.6m). Announcement • Aug 01
Clean TeQ Water Limited announced that it expects to receive AUD 2 million in funding Clean TeQ Water Limited announced that it has raised AUD 2 million in a round of funding on July 30, 2024. The transaction included participation from new lender Amal Trustees Pty Limited - Causeway Wholesale Private Debt Income Im Fund,a fund managed by Amal Security Services Pty Limited. The company issued Senior Secured Term Loan Facility as security. The initial loan term is 2 years, with an option for to extend the Term Loan Facility for a further 12 months. The company has received AUD 4.6 million in funding till date. Announcement • May 01
Clean TeQ Water Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Clean TeQ Water Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,451,613
Price\Range: AUD 0.31
Discount Per Security: AUD 0.0186
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Apr 30
Clean TeQ Water Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Clean TeQ Water 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: 3,225,806
Price\Range: AUD 0.31
Security Features: Attached Options New Risk • Jan 29
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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$5.8m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$22.8m market cap, or US$15.1m). Announcement • Sep 06
Clean TeQ Water Limited, Annual General Meeting, Nov 01, 2023 Clean TeQ Water Limited, Annual General Meeting, Nov 01, 2023, at 11:00 E. Australia Standard Time. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.095 loss per share (vs AU$0.19 loss in FY 2022) Full year 2023 results: AU$0.095 loss per share (improved from AU$0.19 loss in FY 2022). Revenue: AU$13.6m (up 59% from FY 2022). Net loss: AU$5.49m (loss narrowed 34% from FY 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 Risk Less than 1 year of cash runway based on free cash flow trend (-AU$6.8m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$21.4m market cap, or US$13.9m). New Risk • Jun 23
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 14% 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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$6.8m free cash flow). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$16.2m market cap, or US$10.9m). Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Sam Riggall is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 01
Clean TeQ Water Limited, Annual General Meeting, Nov 28, 2022 Clean TeQ Water Limited, Annual General Meeting, Nov 28, 2022. Announcement • Dec 15
Clean TeQ Water Limited Launches New Phosphate Removal and Recovery Technology Clean TeQ Water announced the launch of its new PHOSPHIX™ technology. PHOSPHIX™ uses a combination of its Continuous Ionic Filtration (CIF®) technology and chemical precipitation to selectively remove phosphate from water and recover a solid phosphorus product that is suitable for reuse. Phosphate water pollution from fertilizer runoff, detergents, and sewage is a major problem throughout the world, and elevated phosphate concentrations lead to eutrophication and algal blooms that can cause irreversible ecological damage. For these reasons, increasingly strict regulations are being placed on phosphate concentrations discharged to the environment by Governments and Environmental Authorities around the world. Recovering phosphorus from wastewater to substitute phosphorus derived from finite phosphate rock is an increasing trend, with the EU currently recycling 50% of phosphorus from sewage and countries such as Switzerland and Germany having regulations governing the recovery and recycling of phosphorus in the wastewater treatment sector. PHOSPHIX™ can achieve very low effluent concentrations (<0.1 ppm) with over 99% water recovery and provides phosphate recycling into hydroxyapatite, which can be used for fertilizer production. The solution provides reduced footprints and much lower chemical consumption leading to half the operating cost when compared to commonly used precipitation systems. The cost reduction makes phosphate recycling a more economically viable solution for treating water across industries.