New Risk • Aug 14
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 17% 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-AU$2.4m). Minor Risk Market cap is less than US$100m (AU$15.9m market cap, or US$11.3m). New Risk • Aug 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.0m (US$9.86m) 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 Negative equity (-AU$2.4m). Market cap is less than US$10m (AU$14.0m market cap, or US$9.86m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Breakeven Date Change • Jun 30
Forecast breakeven date pushed back to 2027 The analyst covering RMA Global previously expected the company to break even in 2026. New forecast suggests the company will make a profit of AU$500.0k in 2027. Average annual earnings growth of 113% is required to achieve expected profit on schedule. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
RMA Global Limited, Annual General Meeting, Nov 26, 2025 RMA Global Limited, Annual General Meeting, Nov 26, 2025. Location: rma global offices, level 1, 112-114 balmain street, cremorne, 3121, Australia Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.002 loss per share (vs AU$0.007 loss in FY 2024) Full year 2025 results: AU$0.002 loss per share (improved from AU$0.007 loss in FY 2024). Revenue: AU$21.5m (up 14% from FY 2024). Net loss: AU$1.36m (loss narrowed 63% from FY 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 06
RMA Global Limited (ASX:RMY) completed the acquisition of Steps Marketing Inc. for $4 million. RMA Global Limited (ASX:RMY) agreed to acquire Steps Marketing Inc. for $4 million on October 22, 2024. A cash consideration of $2.5 million will be paid by RMA Global Limited. RMA Global Limited will pay an earnout/contingent payment of $1.5 million cash subject to revenue growth targets. The transaction will be financed through equity investment of $5 million. The transaction is expected to close later this quarter.
RMA Global Limited (ASX:RMY) completed the acquisition of Steps Marketing Inc. for $4 million on December 5, 2024. New Risk • Oct 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% 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 Negative equity (-AU$3.4m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (AU$31.3m market cap, or US$20.6m). Announcement • Oct 28
RMA Global Limited, Annual General Meeting, Nov 27, 2024 RMA Global Limited, Annual General Meeting, Nov 27, 2024. Location: at level 1, 112-114 balmain street, cremorne, Australia Announcement • Oct 24
RMA Global Limited (ASX:RMY) agreed to acquire Steps Marketing Inc. for $4 million. RMA Global Limited (ASX:RMY) agreed to acquire Steps Marketing Inc. for $4 million on October 22, 2024. A cash consideration of $2.5 million will be paid by RMA Global Limited. RMA Global Limited will pay an earnout/contingent payment of $1.5 million cash subject to revenue growth targets. The transaction will be financed through equity investment of $5 million. The transaction is expected to close later this quarter. Announcement • Oct 23
RMA Global Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. RMA Global Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 41,666,667
Price\Range: AUD 0.048 New Risk • Aug 31
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$3.2m 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$3.2m free cash flow). Negative equity (-AU$3.4m). Minor Risk Market cap is less than US$100m (AU$27.9m market cap, or US$18.9m). Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.007 loss per share (vs AU$0.009 loss in FY 2023) Full year 2024 results: AU$0.007 loss per share (improved from AU$0.009 loss in FY 2023). Revenue: AU$18.8m (up 6.2% from FY 2023). Net loss: AU$3.69m (loss narrowed 24% from FY 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Interactive Media and Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Jul 31
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: AU$4.0m Forecast net loss in 2 years: AU$386k 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 Negative equity (-AU$1.6m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$386k net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$31.2m market cap, or US$20.3m). Recent Insider Transactions • Jun 11
Non-Executive Chairman recently bought AU$87k worth of stock On the 6th of June, David Williams bought around 1m shares on-market at roughly AU$0.086 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of AU$448k worth in shares. Board Change • May 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$1.6m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-AU$1.6m). Minor Risk Market cap is less than US$100m (AU$39.1m market cap, or US$25.4m). Announcement • Jan 18
An unknown buyer agreed to acquire an unknown stake in RMA Global Limited (ASX:RMY) from Mark Armstrong An unknown buyer agreed to acquire an unknown stake in RMA Global Limited (ASX:RMY) from Mark Armstrong on September 19, 2023. Board Change • Jan 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 19
Rma Global Limited Announces Non-Executive Director Changes RMA Global Limited announced the appointment of Shane Greenan to the Board of Directors as a Non-executive Director. Shane is a seasoned executive with over 20 years experience as a CFO and has held executive and non- executive directorships at publicly listed and private equity backed companies. Previous roles include: CFO of ActivePipe, a Melbourne founded Proptech, which achieved remarkable success by strategically expanding into the competitive US real estate market; CFO of Catapult Group International Limited; and CFO of Keycorp Limited. Shane is a Chartered Accountant and holds an MBA from the Melbourne Business School. Two of the non-executive directors who joined the Company at its IPO in 2018 will step-down from the Board. Sigal Pilli will cease her position as a Non-executive Director effective 19 December 2023 and Philip Powell will cease his position as a Non-executive Director effective after the Board meeting scheduled for 23 February 2024. Recent Insider Transactions • Nov 29
Non-Executive Chairman recently bought AU$166k worth of stock On the 24th of November, David Williams bought around 2m shares on-market at roughly AU$0.07 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Board Change • Nov 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 27
RMA Global Limited, Annual General Meeting, Nov 22, 2023 RMA Global Limited, Annual General Meeting, Nov 22, 2023. Announcement • Sep 18
RMA Global Limited Appoints Ashley Farrugia to the Board of Directors as Non-Executive Director RMA Global Limited is delighted to announced the appointment of Ashley Farrugia to the Board of Directors as a Non-executive Director. Ashley Farrugia, the co-founder and former CEO of ActivePipe, and is currently Chief Strategy Officer at MoxiWorks, a U.S. based real estate software Platform. MoxiWorks recently acquired ActivePipe, an automation platform for real estate that Ashley co-founded and led. ActivePipe, under Ashley's leadership as CEO and co-founder, achieved remarkable success by strategically expanding into the competitive U.S. real estate market. Despite facing challenges, ActivePipe thrived and is a dominant player in the industry, offering cutting-edge marketing automation and data discovery solutions tailored to real estate's unique demands. Ashley's is also a director at Tech Labs Capital, a Melbourne-based investment fund committed to providing crucial capital support to B2B SaaS companies. Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.009 loss per share (vs AU$0.014 loss in FY 2022) Full year 2023 results: AU$0.009 loss per share (improved from AU$0.014 loss in FY 2022). Revenue: AU$17.7m (up 14% from FY 2022). Net loss: AU$4.86m (loss narrowed 28% from FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Australia. 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 36% per year, which means it is significantly lagging earnings. Breakeven Date Change • Aug 31
No longer forecast to breakeven The analyst covering RMA Global no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$200.0k in 2025. New forecast suggests the company will make a loss of AU$600.0k in 2025. New Risk • Aug 28
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 Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.3m net loss in 2 years). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$39.1m market cap, or US$25.0m). Board Change • Jul 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 25
First half 2023 earnings released: AU$0.006 loss per share (vs AU$0.008 loss in 1H 2022) First half 2023 results: AU$0.006 loss per share (improved from AU$0.008 loss in 1H 2022). Revenue: AU$8.45m (up 19% from 1H 2022). Net loss: AU$2.95m (loss narrowed 22% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Board Change • Feb 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 24
Full year 2022 earnings released: AU$0.014 loss per share (vs AU$0.019 loss in FY 2021) Full year 2022 results: AU$0.014 loss per share (up from AU$0.019 loss in FY 2021). Revenue: AU$15.6m (up 37% from FY 2021). Net loss: AU$6.71m (loss narrowed 24% from FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 10
Non-Executive Chairman recently bought AU$72k worth of stock On the 6th of May, David Williams bought around 400k shares on-market at roughly AU$0.18 per share. In the last 3 months, they made an even bigger purchase worth AU$1.6m. David has been a buyer over the last 12 months, purchasing a net total of AU$3.0m worth in shares. Recent Insider Transactions • Apr 30
Non-Executive Chairman recently bought AU$90k worth of stock On the 28th of April, David Williams bought around 500k shares on-market at roughly AU$0.18 per share. In the last 3 months, they made an even bigger purchase worth AU$1.6m. David has been a buyer over the last 12 months, purchasing a net total of AU$2.9m worth in shares. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Max Oshman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 02
Non-Executive Chairman recently bought AU$159k worth of stock On the 29th of March, David Williams bought around 890k shares on-market at roughly AU$0.18 per share. In the last 3 months, they made an even bigger purchase worth AU$1.6m. David has been a buyer over the last 12 months, purchasing a net total of AU$2.6m worth in shares. Recent Insider Transactions • Mar 03
Non-Executive Chairman recently bought AU$1.6m worth of stock On the 28th of February, David Williams bought around 8m shares on-market at roughly AU$0.19 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of AU$2.3m worth in shares. Recent Insider Transactions • Dec 12
Non-Executive Chairman recently bought AU$69k worth of stock On the 8th of December, David Williams bought around 350k shares on-market at roughly AU$0.20 per share. In the last 3 months, they made an even bigger purchase worth AU$173k. David has been a buyer over the last 12 months, purchasing a net total of AU$503k worth in shares. Recent Insider Transactions • Oct 22
Non-Executive Chairman recently bought AU$173k worth of stock On the 20th of October, David Williams bought around 931k shares on-market at roughly AU$0.19 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of AU$310k worth in shares. Reported Earnings • Aug 26
Full year 2021 earnings released: AU$0.019 loss per share (vs AU$0.024 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$11.4m (up 54% from FY 2020). Net loss: AU$8.85m (loss narrowed 8.6% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • May 22
Non-Executive Chairman recently bought AU$137k worth of stock On the 18th of May, David Williams bought around 523k shares on-market at roughly AU$0.26 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of AU$143k worth in shares. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 44%, compared to a 14% growth forecast for the Interactive Media and Services industry in Australia. Is New 90 Day High Low • Feb 20
New 90-day high: AU$0.38 The company is up 19% from its price of AU$0.32 on 20 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: AU$0.35 The company is up 27% from its price of AU$0.28 on 30 October 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: AU$0.33 The company is up 10.0% from its price of AU$0.29 on 20 August 2020. The Australian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 19% over the same period.