New Risk • May 24
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 21% 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. This is currently the only risk that has been identified for the company. Announcement • May 03
Keypath Education International, Inc. to Report Q3, 2024 Results on May 24, 2024 Keypath Education International, Inc. announced that they will report Q3, 2024 results Pre-Market on May 24, 2024 Major Estimate Revision • Mar 04
Consensus revenue estimates increase by 19% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$132.3m to US$157.3m. Forecast losses expected to reduce from -US$0.05 to -US$0.047 per share. Consumer Services industry in Australia expected to see average net income growth of 41% next year. Consensus price target down from AU$1.11 to AU$1.02. Share price rose 32% to AU$0.62 over the past week. New Risk • Feb 27
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$11m Forecast net loss in 2 years: US$709k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$709k net loss in 2 years). Market cap is less than US$100m (AU$111.6m market cap, or US$73.1m). Announcement • Sep 27
Keypath Education International, Inc. to Report Q1, 2024 Results on Oct 31, 2023 Keypath Education International, Inc. announced that they will report Q1, 2024 results Pre-Market on Oct 31, 2023 Major Estimate Revision • Sep 03
Consensus EPS estimates upgraded to US$0.053 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$140.8m to US$131.2m. 2024 losses expected to reduce from -US$0.071 to -US$0.053 per share. Consumer Services industry in Australia expected to see average net income growth of 19% next year. Consensus price target down from AU$1.45 to AU$1.12. Share price fell 11% to AU$0.39 over the past week. Reported Earnings • Aug 29
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: US$0.092 loss per share (improved from US$0.13 loss in FY 2022). Revenue: US$124.2m (up 4.9% from FY 2022). Net loss: US$19.7m (loss narrowed 26% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in Australia. Board Change • Aug 21
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director M. Epstein is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Jun 30
Forecast to breakeven in 2026 The 4 analysts covering Keypath Education International expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$4.71m in 2026. Average annual earnings growth of 55% is required to achieve expected profit on schedule. Reported Earnings • Feb 28
First half 2023 earnings released: US$0.044 loss per share (vs US$0.065 loss in 1H 2022) First half 2023 results: US$0.044 loss per share (improved from US$0.065 loss in 1H 2022). Revenue: US$58.7m (up 3.1% from 1H 2022). Net loss: US$9.38m (loss narrowed 31% from 1H 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Australia. Announcement • Dec 15
Keypath Education International, Inc. to Report Q2, 2023 Results on Jan 30, 2023 Keypath Education International, Inc. announced that they will report Q2, 2023 results Pre-Market on Jan 30, 2023 Announcement • Dec 14
Keypath Education International, Inc. to Report First Half, 2023 Results on Feb 27, 2023 Keypath Education International, Inc. announced that they will report first half, 2023 results on Feb 27, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director M. Epstein is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 27
Keypath Education International, Inc. to Report Q1, 2023 Results on Oct 26, 2022 Keypath Education International, Inc. announced that they will report Q1, 2023 results Pre-Market on Oct 26, 2022 Announcement • Sep 12
Keypath Education International, Inc., Annual General Meeting, Nov 15, 2022 Keypath Education International, Inc., Annual General Meeting, Nov 15, 2022, at 10:00 AUS Eastern Standard Time. Major Estimate Revision • Sep 04
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast fell from US$131.4m to US$127.2m. 2023 losses expected to reduce from -US$0.11 to -US$0.10 per share. Consumer Services industry in Australia expected to see average net income growth of 29% next year. Consensus price target down from AU$2.50 to AU$1.95. Share price was steady at AU$0.97 over the past week. Reported Earnings • Aug 30
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: US$0.13 loss per share (up from US$0.54 loss in FY 2021). Revenue: US$118.4m (up 21% from FY 2021). Net loss: US$26.7m (loss narrowed 66% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 17%, compared to a 25% growth forecast for the Consumer Services industry in Australia. Breakeven Date Change • Aug 29
No longer forecast to breakeven The 3 analysts covering Keypath Education International no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$11.6m in 2025. New consensus forecast suggests the company will make a loss of US$2.80m in 2025. Announcement • Aug 29
Keypath Education International, Inc. Provides Revenue Guidance for the Year 2023 Keypath Education International, Inc. announced that year 2023 expects to be a transition period with: Revenue: USD 125 million - USD 130 million on a constant currency basis. Breakeven Date Change • May 03
No longer forecast to breakeven The 3 analysts covering Keypath Education International no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.24m in 2024. New consensus forecast suggests the company will make a loss of US$7.52m in 2024. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director M. Epstein is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 31
Keypath Education International, Inc. to Report Q3, 2022 Results on Apr 28, 2022 Keypath Education International, Inc. announced that they will report Q3, 2022 results Pre-Market on Apr 28, 2022 Reported Earnings • Feb 16
First half 2022 earnings: EPS exceeds analyst expectations First half 2022 results: US$0.065 loss per share (down from US$0.029 loss in 1H 2021). Revenue: US$56.9m (up 37% from 1H 2021). Net loss: US$13.5m (loss widened 230% from 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 683%. Over the next year, revenue is forecast to grow 26%, compared to a 34% growth forecast for the industry in Australia. Major Estimate Revision • Feb 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -US$0.10 to -US$0.06 per share. Revenue forecast unchanged from US$120.2m at last update. Consumer Services industry in Australia expected to see average net income growth of 15% next year. Consensus price target up from AU$4.18 to AU$4.40. Share price was steady at AU$2.55 over the past week. Major Estimate Revision • Feb 05
Consensus EPS estimates fall by 61% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$121.8m to US$120.2m. Losses expected to increase from US$0.06 per share to US$0.10. Consumer Services industry in Australia expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at AU$4.31. Share price rose 4.6% to AU$2.51 over the past week. Announcement • Jan 31
Keypath Education International, Inc. Provides Earnings Guidance for the Fiscal Year 2022 Keypath Education International, Inc. provided earnings guidance for the fiscal year 2022. For the year, the company revenue USD 116.4 million. Reported Earnings • Sep 04
Full year 2021 earnings released: US$0.54 loss per share (vs US$0.08 loss in FY 2020) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: US$98.1m (up 77% from FY 2020). Net loss: US$78.7m (loss widened US$67.3m from FY 2020). Announcement • Jun 11
Keypath Education International, Inc. announced that it has received AUD 0.258909 million in funding On June 10, 2021, Keypath Education International, Inc. (ASX:KED) closed the transaction. The transaction included participation from 56 investors. Announcement • Jun 01
Keypath Education International, Inc. has completed an IPO in the amount of AUD 212.110747 million. Keypath Education International, Inc. has completed an IPO in the amount of AUD 212.110747 million.
Security Name: CHESS Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 57,172,708
Price\Range: AUD 3.71
Discount Per Security: AUD 0.1113
Transaction Features: Regulation S; Rule 144A 
