New Risk • Jan 28
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 20% 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 (20% average weekly change). Earnings have declined by 43% per year over the past 5 years. Market cap is less than US$10m (AU$4.28m market cap, or US$3.00m). Announcement • Oct 23
Harris Technology Group Limited, Annual General Meeting, Nov 27, 2025 Harris Technology Group Limited, Annual General Meeting, Nov 27, 2025. Location: at the 124 abbott road, hallam, victoria, Australia Reported Earnings • Sep 28
Full year 2025 earnings released: AU$0.003 loss per share (vs AU$0.005 loss in FY 2024) Full year 2025 results: AU$0.003 loss per share (improved from AU$0.005 loss in FY 2024). Revenue: AU$13.8m (down 17% from FY 2024). Net loss: AU$958.2k (loss narrowed 32% from FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.003 loss per share (vs AU$0.005 loss in FY 2024) Full year 2025 results: AU$0.003 loss per share (improved from AU$0.005 loss in FY 2024). Revenue: AU$13.8m (down 17% from FY 2024). Net loss: AU$958.2k (loss narrowed 32% from FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Mar 17
Harris Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.596594 million. Harris Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.596594 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 29,829,678
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Announcement • Mar 10
Harris Technology Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.596594 million. Harris Technology Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.596594 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 29,829,678
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Announcement • Oct 23
Harris Technology Group Limited, Annual General Meeting, Nov 28, 2024 Harris Technology Group Limited, Annual General Meeting, Nov 28, 2024. Location: 124 abbott road, hallam, victoria, victoria Australia Announcement • Aug 16
Harris Technology Group Limited Announces Board Changes The Board of Harris Technology Group Ltd. announced the resignation of Mr. Guy Polak as a director of the Company. Mr. Polak joined the Board in April 2021 and has been part of the development of the Company over the last three years. The Board has appointed Mr. Brett Crowley as a director of the Company with immediate effect. Mr. Crowley has been Company Secretary of HT8 since 2019. Mr. Crowley has extensive experience as a chairman, director and CEO of numerous ASX-listed companies. The Board has appointed Mr. Brett Crowley as a director of the Company with immediate effect. Mr. Crowley has been Company Secretary of HT8 since 2019. Mr. Crowley has extensive experience as a chairman, director and CEO of numerous ASX-listed companies. Announcement • Oct 28
Harris Technology Group Limited, Annual General Meeting, Nov 28, 2023 Harris Technology Group Limited, Annual General Meeting, Nov 28, 2023, at 15:00 AUS Eastern Standard Time. Location: 124 Abbott Road, Hallam Victoria Australia Agenda: To receive and consider the Financial Report of the Company and its controlled entities and the related Directors' and Auditor's Reports in respect of the financial year ended 30 June 2023; to consider Adoption of Remuneration Report; to consider Re-election of Alan Sparks; to consider Approval of Issue of Options to Chairman - Alan Sparks; to consider Approval of Issue of Options to Managing Director - Garrison Huang; to consider Approval of Issue of Options to Director - Guy Polak; and to consider Approval of 10% Placement Capacity under Listing Rule 7.1A. Reported Earnings • Oct 03
Full year 2023 earnings released: AU$0.011 loss per share (vs AU$0.005 loss in FY 2022) Full year 2023 results: AU$0.011 loss per share (further deteriorated from AU$0.005 loss in FY 2022). Revenue: AU$24.2m (down 52% from FY 2022). Net loss: AU$3.30m (loss widened 125% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.011 loss per share (vs AU$0.005 loss in FY 2022) Full year 2023 results: AU$0.011 loss per share (further deteriorated from AU$0.005 loss in FY 2022). Revenue: AU$24.2m (down 52% from FY 2022). Net loss: AU$3.30m (loss widened 125% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • Aug 31
Harris Technology Group Limited to Report Fiscal Year 2023 Results on Sep 30, 2023 Harris Technology Group Limited announced that they will report fiscal year 2023 results on Sep 30, 2023 Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.67 loss per share (vs AU$0.001 profit in 1H 2022) First half 2023 results: AU$0.67 loss per share (down from AU$0.001 profit in 1H 2022). Revenue: AU$15.4m (down 46% from 1H 2022). Net loss: AU$2.00m (down AU$2.38m from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Alan Sparks was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 03
CEO, MD & Executive Director recently bought AU$112k worth of stock On the 1st of November, Garrison Huang bought around 4m shares on-market at roughly AU$0.029 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Garrison has been a buyer over the last 12 months, purchasing a net total of AU$219k worth in shares. Announcement • Oct 20
Harris Technology Group Limited, Annual General Meeting, Nov 23, 2022 Harris Technology Group Limited, Annual General Meeting, Nov 23, 2022, at 15:00 AUS Eastern Standard Time. Reported Earnings • Oct 02
Full year 2022 earnings released: AU$0.005 loss per share (vs AU$0.007 profit in FY 2021) Full year 2022 results: AU$0.005 loss per share (down from AU$0.007 profit in FY 2021). Revenue: AU$50.3m (up 20% from FY 2021). Net loss: AU$1.46m (down 184% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.005 loss per share (vs AU$0.007 profit in FY 2021) Full year 2022 results: AU$0.005 loss per share (down from AU$0.007 profit in FY 2021). Revenue: AU$50.3m (up 20% from FY 2021). Net loss: AU$1.46m (down 184% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Harris Technology Group Limited Provides Revenue Guidance for the Fiscal Year 2022 Harris Technology Group Limited provided revenue guidance for the fiscal year 2022. For the year, Based on unaudited results for quarter three and trading to date in quarter four, the company is expecting revenue of approximately $50 million. This would represent around a 20% revenue increase on the $41.8 million reported in Fiscal year 2021. Anticipated NPAT to be a loss of approximately $0.5 million to $0.65 million (fiscal year 2021: $1.8 million profit). Announcement • Jun 08
Harris Technology Group Limited, Annual General Meeting, Jul 19, 2022 Harris Technology Group Limited, Annual General Meeting, Jul 19, 2022, at 15:00 AUS Eastern Standard Time. Location: 124 Abbott Road Hallam Victoria Australia Agenda: To consider approval of Dandenong South Lease; to consider approval of leases at Banyo (Queensland), Findon (South Australia) and Osbourne Park (Western Australia); to consider approval of Hallam Lease; and to consider other matters. Recent Insider Transactions • May 13
CEO, MD & Executive Director recently bought AU$70k worth of stock On the 10th of May, Garrison Huang bought around 2m shares on-market at roughly AU$0.035 per share. This was the largest purchase by an insider in the last 3 months. Garrison has been a buyer over the last 12 months, purchasing a net total of AU$413k worth in shares. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Guy Polak was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 04
CEO, MD & Executive Director recently bought AU$133k worth of stock On the 30th of August, Garrison Huang bought around 1m shares on-market at roughly AU$0.11 per share. This was the largest purchase by an insider in the last 3 months. Garrison has been a buyer over the last 12 months, purchasing a net total of AU$495k worth in shares. Reported Earnings • Aug 27
Full year 2021 earnings released: EPS AU$0.007 (vs AU$0.005 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: AU$41.8m (up 207% from FY 2020). Net income: AU$1.75m (up 74% from FY 2020). Profit margin: 4.2% (down from 7.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 12
CEO, MD & Executive Director recently bought AU$53k worth of stock On the 11th of June, Garrison Huang bought around 500k shares on-market at roughly AU$0.11 per share. In the last 3 months, they made an even bigger purchase worth AU$55k. Garrison has been a buyer over the last 12 months, purchasing a net total of AU$425k worth in shares. Recent Insider Transactions • Jun 05
CEO, MD & Executive Director recently bought AU$55k worth of stock On the 31st of May, Garrison Huang bought around 500k shares on-market at roughly AU$0.11 per share. This was the largest purchase by an insider in the last 3 months. Garrison has been a buyer over the last 12 months, purchasing a net total of AU$372k worth in shares. Recent Insider Transactions • Mar 04
CEO, MD & Executive Director recently bought AU$84k worth of stock On the 1st of March, Garrison Huang bought around 600k shares on-market at roughly AU$0.14 per share. In the last 3 months, they made an even bigger purchase worth AU$105k. Garrison has been a buyer over the last 12 months, purchasing a net total of AU$287k worth in shares. Announcement • Feb 23
Harris Technology Group Ltd Announces Executive Changes The Board of Harris Technology Group Ltd. announced Mr. Andrew Plympton's retirement as the Non-Executive Chairman. The Board also announced the appointment of Mr. Alan Sparks as the Non-Executive Chairman. Mr. Sparks was appointed as a non-executive director on 1 December 2020 and is an accomplished senior executive with over 40 years' experience in distribution, retail and technology with a proven track record of growing businesses and improving their efficiency. Mr. Sparks is a member of the South African Institute of Chartered Accountants and Graduate of the Australia Institute of Company Directors with 20 years of leadership experience in APAC and ANZ, leading growth of businesses across these markets. Mr. Sparks serves on the Board of Buddy Technologies Ltd. and Renewable Power Australia Ltd, his career includes CEO - Cellnet Group Ltd, Vice President - Belkin Asia Pacific based in Hong Kong, President APAC - Carrier and Senior Vice President Philips Consumer Electronics APAC, based in Singapore. Executive Departure • Feb 23
Independent Non-Executive Chairman Andrew Plympton has left the company On the 22nd of February, Andrew Plympton's tenure as Independent Non-Executive Chairman ended after 11.0 years in the role. As of December 2020, Andrew personally held 722.50k shares (AU$137k worth at the time). A total of 2 executives have left over the last 12 months. Announcement • Feb 22
Harris Technology Group Limited to Report First Half, 2021 Results on Feb 26, 2021 Harris Technology Group Limited announced that they will report first half, 2021 results on Feb 26, 2021 Announcement • Jan 05
Harris Technology Group Limited, Annual General Meeting, Feb 05, 2021 Harris Technology Group Limited, Annual General Meeting, Feb 05, 2021, at 15:00 AUS Eastern Standard Time. Location: Unit 6, 94 Abbott Road Hallam Victoria Australia Agenda: To receive and consider the Financial Report of the Company and its controlled entities and the related Directors' and Auditor's Reports in respect of the financial year ended 30 June 2020; to adopt Remuneration Report (non-binding resolution); to consider Re-election of Directors; to consider ratification of issue of shares on 17 August 2020; to approve issue of Options to Evolution Capital Advisors Pty Ltd; and to consider other matters thereon. Recent Insider Transactions • Jan 01
CEO, MD & Executive Director recently bought AU$105k worth of stock On the 31st of December, Garrison Huang bought around 564k shares on-market at roughly AU$0.19 per share. This was the largest purchase by an insider in the last 3 months. Garrison has been a buyer over the last 12 months, purchasing a net total of AU$203k worth in shares. Is New 90 Day High Low • Dec 01
New 90-day high: AU$0.20 The company is up 46% from its price of AU$0.14 on 02 September 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 9.0% over the same period. Announcement • Nov 24
Harris Technology Group Limited Appoints Alan Sparks to the Board, Effective 1 December 2020 The directors of Harris Technology Group Limited announced the appointment of Mr. Alan Sparks to the board of the company effective 1 December 2020. Mr. Sparks is an accomplished senior executive with over 40 years' experience in distribution, retail and technology with a proven track record of growing businesses and improving their efficiency. Mr. Sparks is a member of the South African Institute of Chartered Accountants and Graduate of the Australia Institute of Company Directors. Mr. Sparks has 20 years of leadership experience in APAC and ANZ, leading growth of businesses across these markets. Announcement • Sep 26
Harris Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3.512 million. Harris Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3.512 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,900,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Transaction Features: Subsequent Direct Listing Announcement • Sep 07
Harris Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.4 million. Harris Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,500,000
Price\Range: AUD 0.08 Announcement • Jul 30
Harris Technology Group Limited (ASX:HT8) cancelled the acquisition of Fstop labs business of QUBOT LLC. Harris Technology Group Limited (ASX:HT8) agreed to acquire Fstop labs business of QUBOT LLC for AUD 2 million on June 14, 2019. The consideration payable for the business is calculated and paid quarterly, based wholly on the profit performance of the business in each of the four quarters after completion. The total consideration payable will range between a minimum of nil and a maximum of AUD 2 million. The consideration payable will be 60% in cash and 40% in shares of Harris Technology Group Limited. AUD 1.2 million will be paid in cash and AUD 0.8 million in shares of Harris Technology Group Limited.
Harris Technology Group Limited has sufficient cash to pay the cash consideration. The transaction has been structured so that Harris Technology Group Limited is only required to pay the cash consideration for the business after the end of the quarter and only if the business has made a minimum level of profit for the quarter. A large proportion of the cash consideration payable will be generated from the quarterly profits of the business. The transaction does not requires shareholder approval.
Harris Technology Group Limited (ASX:HT8) cancelled the acquisition of Fstop labs business of QUBOT LLC on July 23, 2019.