Price Target Changed • Feb 12
Price target decreased by 19% to AU$3.79 Down from AU$4.67, the current price target is an average from 3 analysts. New target price is 22% below last closing price of AU$4.83. The company is forecast to post a net loss per share of AU$0.20 next year compared to a net loss per share of AU$0.85 last year. Board Change • Nov 16
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 Non-Executive Director Leah Graeve was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 27
K1 Investment Management, LLC signed a Scheme Implementation Deed to acquire ELMO Software Limited (ASX:ELO) from JLAB Investments (No. 2) Pty Ltd., Garber Family Trust and other shareholders for AUD 490 million. K1 Investment Management, LLC signed a Scheme Implementation Deed to acquire ELMO Software Limited (ASX:ELO) from JLAB Investments (No. 2) Pty Ltd., Garber Family Trust and other shareholders for AUD 490 million on October 26, 2022. Under the Scheme, the shareholders will receive AUD 4.85 for every share held. The Scheme implies a break fee of AUD 4.85 million in the event where transaction gets terminated. The transaction is subject to approval Foreign Investment Review Board of Australia, approval by the shareholders of ELMO, approval by court, subject to antitrust regulations. The ELMO Independent Board Committee (“IBC”) unanimously recommends that ELMO shareholders, in absence of a superior bid, vote in favour of the Scheme. JLAB Investments (No. 2) Pty Ltd. and Garber Family Trust have confirmed that they intend to vote all ELMO shares held or controlled by them in favour of the Scheme. The transaction is expected to complete in the first quarter of 2023. UBS Securities Australia Ltd acted as financial advisor to ELMO Software Limited, Arnold Bloch Leibler acted as Legal Advisor to ELMO Software. Morgan Stanley acted as a financial advisor to K1 Investment Management, LLC. Announcement • Oct 14
Elmo Software Receives Approaches Expressing Interest in Acquiring Company from Various Parties ELMO Software Limited (ASX:ELO) refers to recent media speculation regarding possible corporate activity involving the Company. ELMO confirmed that it has received approaches expressing interest in acquiring the Company from various parties, including Accel-KKR LLC. The Company is in discussions with selected parties in the context of maximising shareholder value. No agreement has been reached in relation to any transaction, and there is no certainty that any proposal received will result in a binding offer or that any such offer would be recommended to shareholders. ELMO has retained UBS and Arnold Bloch Leibler to advise it in relation to any proposals received. Reported Earnings • Oct 01
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: AU$0.85 loss per share (further deteriorated from AU$0.43 loss in FY 2021). Revenue: AU$91.4m (up 32% from FY 2021). Net loss: AU$76.8m (loss widened 104% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 62%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Sep 27
ELMO Software Limited, Annual General Meeting, Nov 22, 2022 ELMO Software Limited, Annual General Meeting, Nov 22, 2022, at 14:00 AUS Eastern Standard Time. Reported Earnings • Aug 24
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: AU$0.88 loss per share (down from AU$0.43 loss in FY 2021). Revenue: AU$91.4m (up 32% from FY 2021). Net loss: AU$79.0m (loss widened 110% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 100%. Over the next year, revenue is forecast to grow 29%, compared to a 39% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Aug 24
Elmo Software Limited Provides Revenue Guidance for the Fiscal Year 2023 Elmo Software Limited provided revenue guidance for the fiscal year 2023. For the period, the company expects revenue to be $114 million to $120 million with 25% to 31% year on year growth. Announcement • Aug 10
Elmo Software Limited to Report Fiscal Year 2022 Results on Aug 24, 2022 Elmo Software Limited announced that they will report fiscal year 2022 results Pre-Market on Aug 24, 2022 Board Change • Aug 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 Non-Executive Director Leah Graeve was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jul 28
Elmo Software Limited Provides Group Financial Guidance for the Fiscal Year 2023 Elmo Software Limited provided group financial guidance for the fiscal year 2023. For the year, the company expects revenue to be in the range of $114 million to $120 million. Board Change • Jul 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 Non-Executive Director Leah Graeve was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Jun 29
Price target decreased to AU$5.12 Down from AU$5.58, the current price target is an average from 7 analysts. New target price is 118% above last closing price of AU$2.35. Stock is down 45% over the past year. The company is forecast to post a net loss per share of AU$0.50 next year compared to a net loss per share of AU$0.43 last year. Price Target Changed • Apr 27
Price target decreased to AU$5.42 Down from AU$7.03, the current price target is an average from 8 analysts. New target price is 59% above last closing price of AU$3.40. Stock is down 40% over the past year. The company is forecast to post a net loss per share of AU$0.45 next year compared to a net loss per share of AU$0.43 last year. Announcement • Mar 29
ELMO Software Limited Launches Two New Modules - Hybrid Work, Wellbeing ELMO Software Limited has released two new modules, `Hybrid Work' and `Wellbeing'. Launched immediately, the modules respond to the changing ways work is done and the growing need for businesses to support employees' mental health and wellbeing. Developed in-house, `Hybrid Work' empowers organizations to coordinate their hybrid working model. With the new module, employers can quickly see who is in the office on each day as employees are able to schedule their time in or out of the office in advance. The new module allows employers to set capacity limits across divisions or locations so they can adhere to office capacity limits. The module improves visibility, management and compliance of hybrid workforces. Major Estimate Revision • Feb 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -AU$0.36 to -AU$0.46 per share. Revenue forecast unchanged at AU$94.7m. Software industry in Australia expected to see average net income growth of 26% next year. Consensus price target down from AU$7.03 to AU$6.09. Share price rose 4.1% to AU$4.05 over the past week. Price Target Changed • Feb 16
Price target decreased to AU$6.09 Down from AU$7.03, the current price target is an average from 7 analysts. New target price is 50% above last closing price of AU$4.07. Stock is down 34% over the past year. The company is forecast to post a net loss per share of AU$0.46 next year compared to a net loss per share of AU$0.43 last year. Reported Earnings • Feb 16
First half 2022 earnings: EPS exceeds analyst expectations First half 2022 results: AU$0.45 loss per share (down from AU$0.14 loss in 1H 2021). Revenue: AU$43.1m (up 41% from 1H 2021). Net loss: AU$40.3m (loss widened 225% from 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%. Over the next year, revenue is forecast to grow 32%, compared to a 31% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Feb 15
Elmo Software Limited Provides Earnings Guidance for the Fiscal Year 2022 Elmo Software Limited provided earnings guidance for the fiscal year 2022. For the year, the company expects Revenue to be in the range of AUD 91.0 million - AUD 96.0 million. Announcement • Feb 03
Elmo Software Limited to Report First Half, 2022 Results on Feb 15, 2022 Elmo Software Limited announced that they will report first half, 2022 results on Feb 15, 2022 Major Estimate Revision • Aug 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from AU$91.8m to AU$93.6m. Forecast EPS reduced from -AU$0.28 to -AU$0.36 per share. Software industry in Australia expected to see average net income growth of 9.8% next year. Consensus price target down from AU$7.88 to AU$6.97. Share price fell 11% to AU$4.80 over the past week. Reported Earnings • Aug 10
Full year 2021 earnings released: AU$0.43 loss per share (vs AU$0.25 loss in FY 2020) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$69.1m (up 38% from FY 2020). Net loss: AU$37.6m (loss widened 102% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 10
Price target decreased to AU$7.28 Down from AU$7.88, the current price target is an average from 6 analysts. New target price is 47% above last closing price of AU$4.97. Stock is down 16% over the past year. Announcement • May 19
Elmo Software Limited Revises Earnings Guidance for the Fiscal Year 2021 Elmo Software Limited revised earnings guidance for the fiscal year 2021. The company now expects ARR of AUD 83.0 to AUD 85.0 million, revenue of AUD 68.0 to AUD 70.0 million against ARR of AUD 81.5 to AUD 88.5 million, revenue of AUD 65.0 to AUD 71.0 million provided earlier. Breakeven Date Change • May 15
Forecast to breakeven in 2025 The 6 analysts covering Elmo Software expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$9.40m in 2025. Average annual earnings growth of 37% is required to achieve expected profit on schedule. Announcement • May 04
Elmo Software Limited Launches New Predictive People Analytics Module ELMO Software Limited announced the launch of a new module: Predictive People Analytics. ELMO customers are now able to utilise Predictive People Analytics to drive beneficial outcomes around employee engagement, insights and retention. Developed in collaboration with the University of Technology Sydney (UTS), the new module leverages artificial intelligence and machine learning to predict employee behaviour, such as identifying high-performing employees who may be a flight risk. Additionally, the new module provides insightful data visualisation tools to aid in people management decisions. Predictive People Analytics provides HR and management teams with a deeper understanding of their workforce. The rich data aggregated over the course of the employee life cycle provides a strong foundation for analysis using AI-powered solutions. Critically, these insights are based on local data. Anonymised, aggregated data pools from local organizations drive more relevant and meaningful findings. The inclusion of Predictive People Analytics strengthens ELMO's competitive offering and provides ELMO with an additional revenue stream. Price Target Changed • Mar 05
Price target raised to AU$8.31 Up from AU$7.14, the current price target is an average from 5 analysts. The new target price is 71% above the current share price of AU$4.86. As of last close, the stock is down 33% over the past year. Is New 90 Day High Low • Feb 22
New 90-day low: AU$5.68 The company is down 12% from its price of AU$6.48 on 24 November 2020. The Australian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 2.0% over the same period. Reported Earnings • Feb 18
First half 2021 earnings released: AU$0.14 loss per share (vs AU$0.12 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: AU$30.6m (up 29% from 1H 2020). Net loss: AU$12.4m (loss widened 46% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jan 28
Elmo Software Limited to Report First Half, 2021 Results on Feb 16, 2021 Elmo Software Limited announced that they will report first half, 2021 results on Feb 16, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: AU$6.78 The company is up 8.0% from its price of AU$6.30 on 09 October 2020. The Australian market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: AU$6.63 The company is up 28% from its price of AU$5.18 on 23 September 2020. The Australian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Nov 17
New 90-day high: AU$6.44 The company is up 9.0% from its price of AU$5.90 on 19 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Jul 20
Elmo Software Limited to Report Fiscal Year 2020 Results on Aug 06, 2020 Elmo Software Limited announced that they will report fiscal year 2020 results at 9:00 AM, AUS Central Standard Time on Aug 06, 2020 Announcement • Jun 22
Elmo Software Limited(ASX:ELO) dropped from S&P/ASX Emerging Companies Index Elmo Software Limited(ASX:ELO) dropped from S&P/ASX Emerging Companies Index