Announcement • 4h
Swift TV Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.9 million. Swift TV Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 230,000,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,500,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Transaction Features: Subsequent Direct Listing New Risk • Jun 03
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 19% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-AU$5.7m). Market cap is less than US$10m (AU$11.3m market cap, or US$8.07m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Mar 02
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$2.5m 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$2.5m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-AU$5.7m). Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Market cap is less than US$10m (AU$12.4m market cap, or US$8.81m). Announcement • Sep 29
Swift Networks Group Limited, Annual General Meeting, Nov 27, 2025 Swift Networks Group Limited, Annual General Meeting, Nov 27, 2025. Announcement • Sep 24
Swift Networks Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Swift Networks Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 101,851,852
Price\Range: AUD 0.0135
Discount Per Security: AUD 0.00081
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,259,259
Price\Range: AUD 0.0135
Discount Per Security: AUD 0.00081
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 30
Full year 2025 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in FY 2024) Full year 2025 results: AU$0.005 loss per share (further deteriorated from AU$0.003 loss in FY 2024). Revenue: AU$17.7m (down 3.5% from FY 2024). Net loss: AU$3.33m (loss widened 99% from FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Jul 31
Swift Networks Group Limited to Report Fiscal Year 2025 Results on Jul 31, 2025 Swift Networks Group Limited announced that they will report fiscal year 2025 results on Jul 31, 2025 Announcement • Jun 20
Swift Networks Group Limited Appoints Nick Berry to the Board as Non-Executive Director Swift Networks Group Limited to welcome Nick Berry to the board as a non-executive director. Mr. Berry brings over 20 years' experience in capital markets, beginning as a sell-side equity analyst at ABN AMRO before working at Nomura as Executive Director during its re-entry into Australian equities. In 2014, he joined Petra Capital, focusing on small caps and eventually expanding into deal origination, structuring, and capital raising—skills well-matched to high-growth businesses. Mr. Berry's current role as a Director at Pure Asset Management, one of Swift's largest shareholders, having recently increased their investment in Swift Networks via the recent restructuring of debt, reflects Pure's commitment to Swift's growth plans. Mr. Berry's deep market insight and hands-on experience with emerging companies make him a valuable addition to Swift Networks Board as the company enters its next stage of growth. New Risk • May 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% 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 Shares are highly illiquid. Negative equity (-AU$7.7m). Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Market cap is less than US$10m (AU$8.67m market cap, or US$5.61m). Announcement • May 08
Swift Networks Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3.318 million. Swift Networks Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3.318 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 131,800,007
Price\Range: AUD 0.01
Transaction Features: Rights Offering Announcement • Mar 25
Swift Networks Group Limited has filed a Follow-on Equity Offering in the amount of AUD 3.318 million. Swift Networks Group Limited has filed a Follow-on Equity Offering in the amount of AUD 3.318 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 131,800,007
Price\Range: AUD 0.01
Transaction Features: Rights Offering Board Change • Dec 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 Director Brad Denison 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 04
Swift Networks Group Limited, Annual General Meeting, Nov 28, 2024 Swift Networks Group Limited, Annual General Meeting, Nov 28, 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.003 loss per share (vs AU$0.007 loss in FY 2023) Full year 2024 results: AU$0.003 loss per share (improved from AU$0.007 loss in FY 2023). Revenue: AU$18.4m (down 3.6% from FY 2023). Net loss: AU$1.68m (loss narrowed 58% from FY 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Sep 26
Swift Networks Group Limited, Annual General Meeting, Nov 16, 2023 Swift Networks Group Limited, Annual General Meeting, Nov 16, 2023. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.007 loss per share (vs AU$0.006 loss in FY 2022) Full year 2023 results: AU$0.007 loss per share (further deteriorated from AU$0.006 loss in FY 2022). Revenue: AU$19.1m (up 2.9% from FY 2022). Net loss: AU$3.98m (loss widened 8.9% from FY 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging 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 Risks Negative equity (-AU$3.3m). Market cap is less than US$10m (AU$9.00m market cap, or US$5.84m). 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 (14% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Board Change • Apr 17
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 Pippa Leary 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. Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in 1H 2022) First half 2023 results: AU$0.002 loss per share (improved from AU$0.004 loss in 1H 2022). Revenue: AU$9.58m (up 10% from 1H 2022). Net loss: AU$944.0k (loss narrowed 62% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Announcement • Nov 16
Swift Networks Group Limited Announces Retirement of Mr. Rob Sofoulis as Non-Executive Director Swift Networks Group Limited announced that Mr. Rob Sofoulis will be retiring as a non-executive director of Swift with effect following the close of the Swift Annual General Meeting on 17 November 2022. Mr. Sofoulis founded Swift Networks in 2009 and grew the business to be a market leader in the Mining & Resources sector where Rob pioneered the provision of IPTV to remote mine sites across Western Australia. Swift became the product of choice in the mining sector due to Rob's foresight and endeavours. Rob was appointed to the Board as Managing Director in May 2016 when the company was successfully listed on the Australian Stock Exchange. 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. 1 experienced director. No highly experienced directors. Non-Executive Director Bob Sofoulis is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 10
Swift Networks Group Limited, Annual General Meeting, Nov 17, 2022 Swift Networks Group Limited, Annual General Meeting, Nov 17, 2022, at 10:00 W. Australia Standard Time. Location: Company's registered office, 1060 Hay Street, West Perth WA 6005 West Perth Australia Agenda: To consider remuneration Report; to consider election of directors; to consider ratification of prior issue of New Warrants to Pure Asset Management Pty Ltd; to consider approval to issue share rights to directors; to consider renewed approval of the employee securities incentive plan; and to consider other matters if any. Announcement • Sep 08
Swift Announces Resignation of Peter Gibbons as Non-Executive Director Swift announces the resignation of Peter Gibbons as a non-executive director of Swift with effect on 8 September 2022. Reported Earnings • Sep 02
Full year 2022 earnings released Full year 2022 results: Revenue: AU$18.5m (up 5.2% from FY 2021). Net loss: AU$3.65m (loss narrowed 14% from FY 2021). Announcement • Sep 01
Swift Networks Group Limited Announces Board Resignations Swift Networks Group Limited announced the resignations of Darren Smorgon as a non-executive director and Ryan Sofoulis as an alternate director of Swift with effect from 1 September 2022. Ryan Sofoulis was an alternate director to Robert Sofoulis, Ryan will continue is his executive role as Chief Financial Officer of the Swift group. Recent Insider Transactions • Jun 07
Chairman recently bought AU$54k worth of stock On the 1st of June, Charles Fear bought around 3m shares on-market at roughly AU$0.018 per share. This was the largest purchase by an insider in the last 3 months. Charles has been a buyer over the last 12 months, purchasing a net total of AU$86k worth in shares. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Director Bob Sofoulis is the most experienced director on the board, commencing their role in 2016. MD, CEO & Executive Non-Independent Director Brian Mangano was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 28
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.004 loss per share (down from AU$0 in 1H 2021). Revenue: AU$8.70m (down 3.8% from 1H 2021). Net loss: AU$2.47m (loss widened AU$2.33m from 1H 2021). Revenue was in line with analyst estimates. Reported Earnings • Sep 03
Full year 2021 earnings released: AU$0.008 loss per share (vs AU$0.095 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: AU$17.6m (down 24% from FY 2020). Net loss: AU$4.23m (loss narrowed 80% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Executive Departure • Jul 25
Company Secretary Stephen Hewitt-Dutton has left the company On the 15th of July, Stephen Hewitt-Dutton's tenure as Company Secretary ended after 6.8 years in the role. We don't have any record of a personal shareholding under Stephen's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.08 years. Executive Departure • May 08
Executive Officer has left the company On the 7th of May, Geoffrey Greenberg's tenure as Executive Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Geoffrey's name. A total of 2 executives have left over the last 12 months. Announcement • Feb 28
Swift Signs New Contracts Worth $2 Million Swift Media Ltd. announced it has entered into two new sales agreements and two contract extensions to deploy the Company's proprietary communication and entertainment solutions to Mining and Resources clients' sites. These contracts will generate up front installation fees and recurring revenues. The Total Contract Value of the agreements is $2 Million and includes: Swift has signed agreements with Atlas Iron across two villages for 304 rooms to provide Swift's On Demand communication and entertainment platform and ongoing support for a 36 month term, plus Wi- Fi internet, fibre works, GPON network replacement, data cabling for the Miralga Creek Village starting March 2021. The contract has upfront installation and a recurring revenue component. Swift has extended the Anglo Gold contract supplying in-room entertainment and ongoing support in 1,042 rooms for 11 months starting February 2021. The contract is for recurring revenue. Swift has extended its contract with Inpex this month to continue to provide in-room entertainment, the On Demand communication and entertainment system and support for two offshore vessels across 394 rooms for a further eight months from June 2021. The contract is for recurring revenue. Whilst the aggregate revenue from these contracts is material to the Company, no individual contract will provide material revenues in its own right. Announcement • Feb 24
Swift Media Limited to Report First Half, 2021 Results on Feb 26, 2021 Swift Media Limited announced that they will report first half, 2021 results on Feb 26, 2021 Announcement • Feb 18
Swift Media Limited Appoints New Commercial Director and Head of Delivery Swift Media Ltd. announced two new senior appointments to expand Swift's sales and operational execution capabilities in the Company's key vertical, Mining and Resources. Both appointments are based in Perth. Mr. James Johnson has been appointed to the new role, Commercial Director, Mining and Resources. James has a highly successful 30 year history in Enterprise Sales. Prior to joining Swift, James was Global Strategic Account Executive at Schneider Electric where he led the company's relationships with Rio Tinto, BHP and other major mining enterprises. James also has a technical expertise in electrical engineering and an MBA from Charles Sturt University. Mr. Rob Barton has been appointed to the new role of Head of Delivery. Rob has over 25 years' industry experience in senior management roles most recently at Rio Tinto where he has worked for 15 years and has led large projects such as the implementation of wireless internet infrastructure in 16 remote camps with approximately 20,000 users. Rob has deep expertise in telecommunications and network infrastructure for mining sites and holds a Master of Science: Telecommunications Management qualification from Murdoch University. Announcement • Feb 01
Swift Media Limited, Annual General Meeting, Mar 03, 2021 Swift Media Limited, Annual General Meeting, Mar 03, 2021, at 11:00 W. Australia Standard Time. Location: 1 Watts Place Bentley Western Australia Australia Agenda: To consider Ratification of prior issue of Placement Shares; to consider Approval to issue Additional Placement Shares; to consider Approval to issue New Warrants; and to consider other matters thereon. Announcement • Dec 15
Swift Media Limited announced that it expects to receive AUD 0.074 million in funding Swift Media Limited (ASX:SW1) announced a private placement of 2,114,287 ordinary fully paid shares at an issue price of AUD 0.035 per share for gross proceeds of AUD 74,000 on December 14, 2020. The transaction is expected to close on January 29, 2021. Announcement • Nov 18
Swift Media Limited Partners with Uniting NSW.ACT to Install Swift Plus Swift Media Ltd. announced a new agreement with Uniting NSW.ACT to install Swift Plus, the new proprietary communications and entertainment technology system in 1,986 rooms across 25 Uniting Residential Aged Care homes. Uniting operates 72 residential aged care homes in 58 locations across NSW and ACT. Swift Plus technology, developed in house, is designed to connect and engage staff, residents and their
families. It provides the facility's residents with information about what's happening across the home, curated Aged Care content including low stimulus and memory jogger content, live streams of church services and Hollywood classics. The system is easy to use and saves time for staff to communicate important health and safety messages from head office across all facilities at once, and provides a platform for education of staff and engagement with residents. Uniting will also be using Swift's `My Family, My Community' app that enables facilities to communicate directly with families and share updates of their residents. Announcement • Oct 14
Swift Media Limited to Report Q1, 2021 Results on Oct 20, 2020 Swift Media Limited announced that they will report Q1, 2021 results at 9:22 PM, GMT Standard Time on Oct 20, 2020 Reported Earnings • Oct 03
Full year earnings released - AU$0.095 loss per share Over the last 12 months the company has reported total losses of AU$21.6m, with losses widening by 213% from the prior year. Total revenue was AU$23.1m over the last 12 months, down 6.6% from the prior year.