New Risk • Jun 04
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$7.2m Forecast net loss in 3 years: AU$4.8m 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: Major Risk Revenue is less than US$1m (AU$376k revenue, or US$268k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.8m net loss in 3 years). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$96.3m market cap, or US$68.7m). New Risk • Apr 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% 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 Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m (AU$376k revenue, or US$269k). Minor Risk Market cap is less than US$100m (AU$100.1m market cap, or US$71.7m). Announcement • Apr 17
BlinkLab Limited has completed a Follow-on Equity Offering in the amount of AUD 17.7 million. BlinkLab Limited has completed a Follow-on Equity Offering in the amount of AUD 17.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,964,675
Price\Range: AUD 0.65
Discount Per Security: AUD 0.0455
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 266,094
Price\Range: AUD 0.65
Discount Per Security: AUD 0.0455
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Breakeven Date Change • Apr 10
Forecast to breakeven in 2027 The 2 analysts covering BlinkLab expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$1.65m in 2027. Average annual earnings growth of 64% is required to achieve expected profit on schedule. New Risk • Feb 26
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$6.9m 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$6.9m free cash flow). Revenue is less than US$1m (AU$376k revenue, or US$268k). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$5.8m net loss next year). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$112.7m market cap, or US$80.2m). New Risk • Feb 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Revenue is less than US$1m (AU$376k revenue, or US$264k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$5.9m net loss in 2 years). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$126.5m market cap, or US$88.8m). New Risk • Feb 03
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: AU$5.7m Forecast net loss in 1 year: AU$5.6m 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: Major Risk Revenue is less than US$1m (AU$376k revenue, or US$261k). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$5.6m net loss next year). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$119.6m market cap, or US$83.1m). Board Change • Jan 01
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Brian Leedman is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 11
BlinkLab Limited, Annual General Meeting, Nov 07, 2025 BlinkLab Limited, Annual General Meeting, Nov 07, 2025. New Risk • May 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 (AU$195k revenue, or US$126k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$44.1m market cap, or US$28.5m). Announcement • May 01
BlinkLab Limited has completed a Follow-on Equity Offering in the amount of AUD 7.66 million. BlinkLab Limited has completed a Follow-on Equity Offering in the amount of AUD 7.66 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,833,333
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 700,000
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Transaction Features: Subsequent Direct Listing New Risk • Feb 27
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$3.1m 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$3.1m free cash flow). Revenue is less than US$1m (AU$195k revenue, or US$123k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$44.1m market cap, or US$27.8m). Breakeven Date Change • Feb 26
Forecast to breakeven in 2027 The 2 analysts covering BlinkLab expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$1.65m in 2027. Average annual earnings growth of 56% is required to achieve expected profit on schedule. Announcement • Oct 05
BlinkLab Limited, Annual General Meeting, Nov 08, 2024 BlinkLab Limited, Annual General Meeting, Nov 08, 2024. Location: level 4, 216 st georges terrace, perth wa 6000 Australia Board Change • Jun 30
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. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Jun 18
Executive Director recently bought AU$58k worth of stock On the 14th of June, Anton Uvarov bought around 250k shares on-market at roughly AU$0.23 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$107k more in shares than they have sold in the last 12 months. 
