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$289k 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$289k free cash flow). Share price has been highly volatile over the past 3 months (44% average weekly change). Negative equity (-AU$3.3m). Market cap is less than US$10m (AU$5.86m market cap, or US$4.17m). Minor Risk Revenue is less than US$5m (AU$5.6m revenue, or US$4.0m). New Risk • Nov 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Risks Negative equity (-AU$3.3m). Market cap is less than US$10m (AU$5.80m market cap, or US$3.79m). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (AU$5.6m revenue, or US$3.7m). Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2024) Full year 2025 results: AU$0.001 loss per share (improved from AU$0.003 loss in FY 2024). Revenue: AU$5.77m (down 32% from FY 2024). Net loss: AU$3.70m (loss narrowed 65% from FY 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Announcement • Aug 14
Adslot Limited, Annual General Meeting, Oct 10, 2025 Adslot Limited, Annual General Meeting, Oct 10, 2025. Board Change • Jun 17
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. 1 experienced director. 2 highly experienced directors. Executive Chairman Andrew Dyer was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 14
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. 1 experienced director. 2 highly experienced directors. Executive Chairman Andrew Dyer was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 25
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. 1 experienced director. 2 highly experienced directors. Executive Chairman Andrew Dyer was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 10
Insider recently bought AU$3.6m worth of stock On the 6th of December, Geoffrey Dixon bought around 471m shares on-market at roughly AU$0.0077 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. This was the only on-market transaction from insiders over the last 12 months. Announcement • Dec 06
Adslot Limited has completed a Follow-on Equity Offering in the amount of AUD 2.018126 million. Adslot Limited has completed a Follow-on Equity Offering in the amount of AUD 2.018126 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 525,176,249
Price\Range: AUD 0.001
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 620,540,896
Price\Range: AUD 0.001
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 332,409,000
Price\Range: AUD 0.001
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 340,000,000
Price\Range: AUD 0.001
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.001
Transaction Features: Rights Offering New Risk • Nov 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% 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$1.6m). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Market cap is less than US$10m (AU$5.04m market cap, or US$3.26m). Announcement • Oct 29
Adslot Limited Announces Resignation of Tom Triscari as Non-Executive Director Adslot Limited announced the resignation of Mr. Tom Triscari as Non- Executive Director of the Company, effective 29 October 2024. Mr. Triscari has been associated with the Company since 9 August 2021. The Board thanks Mr. Triscari for his significant strategic insights and role as interim CFO role. TAccordingly, Resolution 4, which relates to re-election of Mr. Triscari is withdrawn from the Notice of Annual General Meeting dated 25 October 2024. Announcement • Oct 10
Adslot Limited, Annual General Meeting, Nov 26, 2024 Adslot Limited, Annual General Meeting, Nov 26, 2024. New Risk • Oct 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.4m free cash flow). Negative equity (-AU$1.6m). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Market cap is less than US$10m (AU$5.04m market cap, or US$3.40m). Reported Earnings • Oct 04
Full year 2024 earnings released: AU$0.003 loss per share (vs AU$0.005 loss in FY 2023) Full year 2024 results: AU$0.003 loss per share (improved from AU$0.005 loss in FY 2023). Revenue: AU$8.51m (down 4.8% from FY 2023). Net loss: AU$10.7m (loss narrowed 11% from FY 2023). New Risk • Sep 07
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$3.4m 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$3.4m free cash flow). Negative equity (-AU$1.6m). Market cap is less than US$10m (AU$4.70m market cap, or US$3.14m). Minor Risk Shareholders have been diluted in the past year (44% increase in shares outstanding). Reported Earnings • Aug 31
Full year 2024 earnings released Full year 2024 results: Revenue: AU$8.75m (down 2.1% from FY 2023). Net loss: AU$10.7m (loss narrowed 11% from FY 2023). New Risk • Jul 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% 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. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Market cap is less than US$10m (AU$3.75m market cap, or US$2.50m). Announcement • May 03
Adslot Limited Announces Chief Financial Officer Changes Adslot Ltd. announced the appointment of Mr. Mal Jayakody to the role of Chief Financial Officer. Mr. Jayakody has been with the company since 2011, the last eight years as the company's Group Financial Controller. He was acting CFO for a brief stint in 2017 and has been head of finance since April 2023. Prior to joining the company, Mr. Jayakody was the CFO of Sintesi. He holds a Master of Business Administration and is a fellow member (FCPA) of CPA Australia, fellow member (FCMA) of the Chartered Institute of Management Accountants (CIMA) UK and member of Chartered Global Management Accountant (CGMA). Mr. Jayakody replaces Interim CFO, Mr. Tom Triscari, who remains a non-executive director of the company. Mr. Jayakody commenced in this new role on May 1, 2024. Board Change • Apr 18
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. 1 experienced director. 3 highly experienced directors. Independent Chairman Andrew Dyer was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 06
Adslot Limited, Annual General Meeting, Nov 15, 2023 Adslot Limited, Annual General Meeting, Nov 15, 2023, at 11:30 AUS Eastern Standard Time. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.005 loss per share (vs AU$0.002 loss in FY 2022) Full year 2023 results: AU$0.005 loss per share (further deteriorated from AU$0.002 loss in FY 2022). Revenue: AU$9.23m (up 2.6% from FY 2022). Net loss: AU$12.1m (loss widened 160% from FY 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • Aug 31
Adslot Limited to Report Fiscal Year 2023 Results on Aug 31, 2023 Adslot Limited announced that they will report fiscal year 2023 results on Aug 31, 2023 New Risk • Aug 31
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 Less than 1 year of cash runway based on free cash flow trend (-AU$5.5m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Market cap is less than US$10m (AU$13.1m market cap, or US$8.46m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (48% increase in shares outstanding). New Risk • Jun 22
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$135k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. 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$5.5m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Market cap is less than US$10m (AU$6.61m market cap, or US$4.47m). Minor Risk Significant insider selling over the past 3 months (AU$135k sold). Announcement • Jun 09
Adslot Limited Announces Executive Changes Adslot Limited announced that Mr. Andrew Barlow, Non-Executive Chairman of Adslot Limited, has advised the Adslot Board of his decision to step down as Chair due to increasing professional and personal commitments outside of Adslot. The Board has appointed Non-Executive Director, Mr. Andrew Dyer, as Chairman effective immediately. Mr. Andrew Barlow was appointed Chairman of the Company on 15 February 2010. Mr. Barlow will remain a Non-Executive Director of the Company and continue to serve on the Remuneration Committee. Mr. Dyer was a Senior Partner and Director of The Boston Consulting Group (BCG). Mr. Dyer led BCG's Enablement business globally and was previously the global leader of BCG's People & Organization Practice. He has also served on BCG's global Executive Committee as well having held numerous other local, regional, and global roles. Mr. Dyer has over 29 years' consulting experience supporting senior executives in leading companies around the world, with a particular focus on financial and other services sectors. He has lived in Australia, Switzerland, Finland, Korea and Thailand. Additionally, he has led client work in the USA, Canada, UK, Taiwan, Singapore and New Zealand. Mr. Dyer's areas of expertise include strategy, business transformation, business and operating model design, performance management, culture & engagement and large-scale change management. Prior to joining BCG in 1994, Mr. Dyer worked for the Commonwealth Bank in corporate banking and capital markets. He has also worked for the Australian Federal Government. Mr. Dyer holds a Bachelor of Economics (Hons) from the Australian National University (ANU), a Master of Commerce (Finance) from the University of New South Wales (UNSW) and a Master of Business Administration (MBA) from IMD Switzerland. Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.004 loss per share (vs AU$0.001 loss in 1H 2022) First half 2023 results: AU$0.004 loss per share (further deteriorated from AU$0.001 loss in 1H 2022). Revenue: AU$4.78m (up 8.9% from 1H 2022). Net loss: AU$8.04m (loss widened AU$6.85m from 1H 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 23
Insider recently sold AU$201k worth of stock On the 22nd of February, Peter Diamond sold around 22m shares on-market at roughly AU$0.0091 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$148k more than they bought in the last 12 months. Announcement • Sep 27
Adslot Limited, Annual General Meeting, Nov 16, 2022 Adslot Limited, Annual General Meeting, Nov 16, 2022, at 11:00 AUS Eastern Standard Time. Reported Earnings • Aug 29
Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in FY 2021) Full year 2022 results: AU$0.002 loss per share (up from AU$0.003 loss in FY 2021). Revenue: AU$9.46m (up 15% from FY 2021). Net loss: AU$4.65m (loss narrowed 26% from FY 2021). 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 21% per year, which means it is significantly lagging earnings. Announcement • Aug 19
Adslot Limited to Report Fiscal Year 2022 Results on Aug 29, 2022 Adslot Limited announced that they will report fiscal year 2022 results on Aug 29, 2022 Reported Earnings • Feb 28
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: AU$0.001 loss per share (up from AU$0.002 loss in 1H 2021). Revenue: AU$4.39m (up 8.5% from 1H 2021). Net loss: AU$1.19m (loss narrowed 58% from 1H 2021). Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.01 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$9.62m (down 1.7% from FY 2020). Net loss: AU$6.28m (loss narrowed 62% from FY 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jul 03
Adslot Ltd Announces the Launch of A White-Labelled Custom Marketplace Adslot Ltd. announced the launch of a white-labelled custom marketplace with its partner FlowerShop Media. To be known as The Cannabis Media Marketplace, the platform contains a number of features specifically designed to meet the regulatory requirements of the cannabis industry in the United States including geographic targeting to specific jurisdictions, age-gating (21+) and creative review capabilities. This launch is the culmination of plans detailed in the Company's ASX release dated 20 January 2021. Recent Insider Transactions • Jun 23
Insider recently bought AU$78k worth of stock On the 21st of June, Peter Diamond bought around 3m shares on-market at roughly AU$0.026 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$265k more in shares than they have sold in the last 12 months. Announcement • Mar 05
Adslot Ltd Executes an Agreement with Fyllo Adslot Ltd. announced that it has executed an agreement with Fyllo, which has built a suite of compliance software and services to overcome the complexities of highly regulated industries such as the cannabis industry in the US. Fyllo's capabilities include data, media, retail and regulatory solutions that enable organizations to streamline compliance, increase efficiencies, and scale with speed. The Adslot Media platform will enable Fyllo and their advertiser customers to discover and activate cannabis compliant media on a forward guaranteed basis from premium publishers. In addition, buyers within Adslot Media will be able to access and target via Fyllo's data marketplace, which aggregates previously inaccessible data to create the largest collection of second-party cannabis and CBD audiences. Recent Insider Transactions • Feb 17
Insider recently bought AU$90k worth of stock On the 12th of February, Peter Diamond bought around 3m shares on-market at roughly AU$0.03 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$211k more in shares than they have sold in the last 12 months. Announcement • Feb 02
Adslot Limited has completed a Follow-on Equity Offering in the amount of AUD 4.002 million. Adslot Limited has completed a Follow-on Equity Offering in the amount of AUD 4.002 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 138,000,001
Price\Range: AUD 0.029
Transaction Features: Subsequent Direct Listing Announcement • Jan 22
Adslot Ltd Partners with Greenlight Digital to Be Exclusive Direct Sales Platform for Large European Retailer Adslot Ltd. announced that it has executed an agreement to become the sole platform to manage the direct sales of UK media for one of the largest consumer electronics retailers in Europe and the UK. The name of the retailer has been withheld while the activation of their new sales strategy is completed and will be disclosed at a future date. Media sales for this retailer will be managed via their exclusive partner Greenlight Digital with the Adslot Media platform used to support the efforts of a direct sales team. This represents the first time that media opportunities on these leading websites has been available for sale. Advertisers will find the catalogue of media opportunities available on the Adslot Media platform and will be able to easily and efficiently purchase that inventory in a guaranteed manner. Trading is anticipated to commence during the March 2021 quarter. Announcement • Jan 20
Adslot Limited Executes an Agreement with FlowerShop Media Adslot Limited announced that it has executed an agreement with FlowerShop Media. FlowerShop's marketplace enables premium publishers to present inventory to cannabis industry advertisers whilst managing compliance with local and state laws governing cannabis advertising. Adslot will provide FlowerShop with a custom version of the Adslot Media marketplace which will enable FlowerShop's network of agencies and publishers to trade media whilst enabling the associated regulatory compliance such as geographic targeting to states in which cannabis sales are legal, age-gating (21+) for audience and creative content review. Initial trading has already commenced and trading activity is expected to grow significantly over the remainder of the March and June 2021 quarters. Announcement • Oct 06
Adslot Ltd Successfully Activates Symphony Media Platform for Omnicom Media Group in the Netherlands Adslot Ltd. announced that it has successfully activated its Symphony Media platform for Omnicom Media Group (OMG) in the Netherlands. This deployment was enabled following the completion of an integration between Symphony and the Marathon ERP solution. This integration was previously disclosed in the announcement of Adslot's partnership with Kalin Setterberg Data, AB on 27 April, 2020. License fees associated with this deployment will commence in October 2020. Announcement • Sep 02
Adslot Limited Auditor Raises 'Going Concern' Doubt Adslot Limited filed its Annual on Aug 26, 2020 for the period ending Jun 30, 2020. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.