Announcement • May 28
Harvest Technology Group Limited has filed a Follow-on Equity Offering in the amount of AUD 6.5 million. Harvest Technology Group Limited has filed a Follow-on Equity Offering in the amount of AUD 6.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 350,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing New Risk • May 27
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 32% 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 (32% average weekly change). Negative equity (-AU$12m). Earnings have declined by 1.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$3.1m revenue, or US$2.2m). Market cap is less than US$100m (AU$22.9m market cap, or US$16.3m). Board Change • May 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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Ross Mckinnon was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 24
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$12m). Earnings have declined by 1.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$3.1m revenue, or US$2.1m). Market cap is less than US$100m (AU$15.6m market cap, or US$11.0m). New Risk • Mar 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% 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 Negative equity (-AU$12m). Earnings have declined by 1.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Market cap is less than US$10m (AU$13.2m market cap, or US$9.32m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Revenue is less than US$5m (AU$3.1m revenue, or US$2.2m). Announcement • Mar 04
Harvest Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.63176 million. Harvest Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.63176 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 116,554,286
Price\Range: AUD 0.014
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Mar 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.1m (US$10.00m) 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$12m). Earnings have declined by 1.5% per year over the past 5 years. Market cap is less than US$10m (AU$14.1m market cap, or US$10.00m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Revenue is less than US$5m (AU$3.1m revenue, or US$2.2m). Reported Earnings • Mar 02
First half 2026 earnings released: AU$0.005 loss per share (vs AU$0.004 loss in 1H 2025) First half 2026 results: AU$0.005 loss per share (further deteriorated from AU$0.004 loss in 1H 2025). Revenue: AU$2.00m (down 34% from 1H 2025). Net loss: AU$4.57m (loss widened 36% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Harvest Technology Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1.63176 million. Harvest Technology Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1.63176 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 116,554,286
Price\Range: AUD 0.014
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Dec 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.6m free cash flow). Negative equity (-AU$11m). Earnings have declined by 8.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (AU$4.1m revenue, or US$2.7m). Market cap is less than US$100m (AU$17.4m market cap, or US$11.6m). New Risk • Oct 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.6m free cash flow). Negative equity (-AU$11m). Earnings have declined by 8.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (19% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (AU$4.1m revenue, or US$2.7m). Market cap is less than US$100m (AU$19.8m market cap, or US$13.1m). Reported Earnings • Oct 04
Full year 2025 earnings released: AU$0.008 loss per share (vs AU$0.017 loss in FY 2024) Full year 2025 results: AU$0.008 loss per share (improved from AU$0.017 loss in FY 2024). Revenue: AU$4.09m (down 5.4% from FY 2024). Net loss: AU$7.01m (loss narrowed 45% from FY 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Sep 27
Harvest Technology Group Limited, Annual General Meeting, Nov 28, 2025 Harvest Technology Group Limited, Annual General Meeting, Nov 28, 2025. Reported Earnings • Aug 28
Full year 2025 earnings released: AU$0.008 loss per share (vs AU$0.017 loss in FY 2024) Full year 2025 results: AU$0.008 loss per share (improved from AU$0.017 loss in FY 2024). Revenue: AU$4.09m (down 5.4% from FY 2024). Net loss: AU$7.01m (loss narrowed 45% from FY 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Apr 01
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 16% 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 (16% average weekly change). Negative equity (-AU$7.7m). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (AU$11.5m market cap, or US$7.20m). Minor Risk Revenue is less than US$5m (AU$4.2m revenue, or US$2.7m). Reported Earnings • Mar 02
First half 2025 earnings released: AU$0.004 loss per share (vs AU$0.003 loss in 1H 2024) First half 2025 results: AU$0.004 loss per share (further deteriorated from AU$0.003 loss in 1H 2024). Revenue: AU$3.03m (down 2.1% from 1H 2024). Net loss: AU$3.36m (loss widened 90% from 1H 2024). 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 55% per year, which means it is significantly lagging earnings. Announcement • Feb 17
Harvest Technology Group Limited Announces Change of Company Secretary Harvest Technology Group Limited announced the appointment of Mr. George Lazarou as Company Secretary, replacing Mr. Jack Rosagro with effect from 17 February 2025. Mr. Lazarou is a qualified Chartered Accountant with 30 years' experience, including five years as a partner of a mid-tier accounting firm, specialising in the areas of advisory and corporate services. Mr. Lazarou has extensive skills in the areas of corporate services, due diligence, independent expert reports, mergers & acquisitions and valuations. Mr. Lazarou has been Chair, Executive & Non-Executive Director and Company Secretary of a number of ASX listed companies. New Risk • Jan 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.7m (US$9.84m) 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-AU$5.7m). Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (AU$15.7m market cap, or US$9.84m). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (AU$4.3m revenue, or US$2.7m). Reported Earnings • Oct 03
Full year 2024 earnings released: AU$0.017 loss per share (vs AU$0.016 loss in FY 2023) Full year 2024 results: AU$0.017 loss per share (further deteriorated from AU$0.016 loss in FY 2023). Revenue: AU$4.32m (down 23% from FY 2023). Net loss: AU$12.7m (loss widened 31% from FY 2023). Announcement • Sep 19
Harvest Technology Group Limited, Annual General Meeting, Nov 19, 2024 Harvest Technology Group Limited, Annual General Meeting, Nov 19, 2024. New Risk • Aug 30
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$4.8m 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$4.8m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-AU$5.7m). Earnings have declined by 22% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (AU$4.4m revenue, or US$3.0m). Market cap is less than US$100m (AU$17.9m market cap, or US$12.2m). Reported Earnings • Aug 30
Full year 2024 earnings released: AU$0.017 loss per share (vs AU$0.016 loss in FY 2023) Full year 2024 results: AU$0.017 loss per share (further deteriorated from AU$0.016 loss in FY 2023). Revenue: AU$4.42m (down 21% from FY 2023). Net loss: AU$12.7m (loss widened 31% from FY 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. New Risk • Nov 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.5m (US$9.99m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.6m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (AU$15.5m market cap, or US$9.99m). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$5.7m net loss next year). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (AU$5.6m revenue, or US$3.6m). Announcement • Oct 28
Harvest Technology Group Limited, Annual General Meeting, Nov 28, 2023 Harvest Technology Group Limited, Annual General Meeting, Nov 28, 2023, at 13:00 W. Australia Standard Time. Location: The Hub, Global Streaming Centre, 2 Brodie Hall Drive, Technology Park, Bentley Western Australia Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2023, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider remuneration report; to consider election of Director - Mr Ross McKinnon; to consider re-election of Director - Mr Jeffery Sengelman; to consider approval of 10% Placement Facility; to consider re-insertion of Proportional Takeover Bid Approval Provisions; and to consider other matters. Announcement • Sep 05
Harvest Technology Group Limited, Annual General Meeting, Oct 04, 2023 Harvest Technology Group Limited, Annual General Meeting, Oct 04, 2023, at 13:00 W. Australia Standard Time. Location: offices of the Company at Ground Floor, 16 Ord Street West Perth WA 6005 West Perth Australia Agenda: To discuss Capital Reduction of Shares held by Mr Jeffery Sengelman; to discuss Ratification of issue of Placement Shares; to discuss Ratification of issue of Adviser Options; to discuss Ratification of issue of Subscription Shares to Mr Ross McKinnon; and to Approval of issue of Director Options to Mr Jeffery Sengelman. Reported Earnings • Sep 03
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: AU$0.016 loss per share (improved from AU$0.025 loss in FY 2022). Revenue: AU$5.66m (up 164% from FY 2022). Net loss: AU$9.68m (loss narrowed 29% from FY 2022). Revenue exceeded analyst estimates by 41%. Earnings per share (EPS) missed analyst estimates by 82%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. 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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.3m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). 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 next year (AU$5.6m net loss next year). Shareholders have been diluted in the past year (17% increase in shares outstanding). Significant insider selling over the past 3 months (AU$499k sold). Revenue is less than US$5m (AU$4.1m revenue, or US$2.6m). Market cap is less than US$100m (AU$23.4m market cap, or US$15.0m). Announcement • Jul 18
Harvest Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million. Harvest Technology Group Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 56,756,757
Price\Range: AUD 0.037
Discount Per Security: AUD 0.00222
Transaction Features: Subsequent Direct Listing Announcement • Jul 12
Harvest Technology Group Limited Announces Paul Guilfoyle Resigns as Executive Director Harvest Technology Group Limited advised that its Board has accepted and agreed with Company founder and Executive Director Paul Guilfoyle resigning from his position as Executive Director, effective immediately, to focus solely on the operational leadership of the Company. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$9.3m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$5.6m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Revenue is less than US$5m (AU$4.1m revenue, or US$2.8m). Market cap is less than US$100m (AU$25.3m market cap, or US$17.0m). Breakeven Date Change • Mar 09
Forecast to breakeven in 2024 The analyst covering Harvest Technology Group expects the company to break even for the first time. New forecast suggests losses will reduce by 84% to 2023. The company is expected to make a profit of AU$4.40m in 2024. Average annual earnings growth of 166% is required to achieve expected profit on schedule. Reported Earnings • Feb 25
First half 2023 earnings released: AU$0.007 loss per share (vs AU$0.013 loss in 1H 2022) First half 2023 results: AU$0.007 loss per share (improved from AU$0.013 loss in 1H 2022). Revenue: AU$2.81m (up 231% from 1H 2022). Net loss: AU$4.41m (loss narrowed 34% from 1H 2022). Revenue is forecast to grow 71% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Breakeven Date Change • Nov 16
No longer forecast to breakeven The analyst covering Harvest Technology Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.30m in 2024. New forecast suggests the company will make a loss of AU$0 in 2024. Breakeven Date Change • Oct 27
No longer forecast to breakeven The analyst covering Harvest Technology Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.30m in 2024. New forecast suggests the company will make a loss of AU$0 in 2024. Announcement • Sep 15
Harvest Technology Group Limited, Annual General Meeting, Nov 08, 2022 Harvest Technology Group Limited, Annual General Meeting, Nov 08, 2022, at 14:00 W. Australia Standard Time. Agenda: to consider the re-election and appointment of directors. Reported Earnings • Aug 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: AU$0.025 loss per share (down from AU$0.021 loss in FY 2021). Revenue: AU$2.16m (down 74% from FY 2021). Net loss: AU$13.7m (loss widened 34% from FY 2021). Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 59%. Over the next year, revenue is forecast to grow 407%, compared to a 35% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Board Change • Jul 31
High number of new directors Independent Non-Executive Director Stuart Carmichael was the last director to join the board, commencing their role in 2021. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Executive Independent Director Rod Evans is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 31
Harvest Technology Group Ltd Announces Company Secretary Changes The Board of Harvest Technology Group Limited advise, in accordance with ASX Listing Rule 3.16.1, that Mr. Joel Ives has resigned from his position as Joint Company Secretary, effective immediately. Mr. Jack Rosagro who was appointed on October 8 2022, remains the Company Secretary of Harvest Technology Group Limited. Buying Opportunity • Mar 30
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 2.4%. The fair value is estimated to be AU$0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 0.2% in a year. Earnings is forecast to grow by 58% in the next year. Announcement • Feb 28
Harvest Technology Group Ltd announced that it expects to receive AUD 6.778025 million in funding Harvest Technology Group Ltd announced a private placement of 45,186,832 common shares at a price of AUD 0.15 per share for gross proceeds of AUD 6,778,024.8 on February 28, 2022. The transaction will include participation from new and existing sophisticated investors, family offices, and members of the Board and management of the Company including Paul Guilfoyle and Marcus Machin, or their nominees for AUD 500,000. A total of 6,666,666 Shares are to be issued to Guilfoyle and Machin (or their nominees) and will be issued subject to shareholder approval, which will be sought at an extraordinary general meeting of the Company, to be held on May 2, 2022. The transaction is expected to close on March 3, 2022. Announcement • Feb 15
Harvest Technology Group Ltd Announces Chief Financial Officer Changes Harvest Technology Group Limited announced a transition of its Group Chief Financial Officer (CFO) role. The Group's current CFO, Mr. Colin Napier, has retired from the CFO role and will remain with the Company until March 2022 to support the Board and senior management during the transition. The company announced that Mr. Craig Byron, Senior Financial Advisor to the Group, will assume the CFO role from Colin. Craig is a highly experienced CFO and chartered accountant with over 30 years' experience gained across a wide variety of industry sectors, both within Australia and internationally, in senior finance, business development and commercial roles and operating at Board level. He more recently worked for LS Sadleirs and Minderoo /Tattarang Group. Craig's strong financial and commercial experience makes him an ideal internal successor for the role. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.021 loss per share (vs AU$0.018 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$8.29m (down 28% from FY 2020). Net loss: AU$10.2m (loss widened 70% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 142% per year, which means it is well ahead of earnings. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.021 loss per share (vs AU$0.018 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$8.52m (down 26% from FY 2020). Net loss: AU$10.2m (loss widened 70% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 120% per year, which means it is well ahead of earnings. Announcement • May 03
Harvest Technology Group Ltd announced that it expects to receive AUD 7.629499 million in funding Harvest Technology Group Ltd. (ASX:HTG) announced private placement of 23,842,185 shares at a price of AUD 0.32 per share for gross proceeds of AUD 7,629,499 on May 3, 2021. The transaction will include participation from existing shareholders and new institutional and sophisticated investors. The shares will be issued on or about May 10, 2021. Recent Insider Transactions Derivative • Apr 03
Non-Executive Independent Director exercised options to buy AU$225k worth of stock. On the 30th of March, Rodney Evans exercised options to buy 600k shares at a strike price of around AU$0.11, costing a total of AU$64k. This transaction amounted to 25% of their direct individual holding at the time of the trade. Since June 2020, Rodney has owned 2.45m shares directly. Company insiders have collectively sold AU$566k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 04
First half 2021 earnings released: AU$0.014 loss per share (vs AU$0.005 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: AU$2.19m (down 58% from 1H 2020). Net loss: AU$6.26m (loss widened 331% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Harvest Technology Group Ltd to Appoint David Fosberg as Chief Customer Officer Harvest Technology Group Limited announced that David Fosberg (Fosberg) will become the company's first-ever Chief Customer Officer. In this newly created executive role, he will globally unite business development, sales, marketing and customer account management functions, overseeing the entire customer experience from branding, messaging, customer acquisition and onboarding, to customer success. Fosberg brings global experience to the role having held leadership positions in the U.S., Europe, and Asia- Pacific. He was more recently Co-Founder and Chief Marketing Strategist for Market Rhythm, a global marketing and creative agency with offices in the U.S. and Asia serving top Fortune 500 technology companies. Announcement • Jan 29
Harvest Technology Group Limited Announces the Release of the Highly Anticipated Downloadable Version of its Infinity Nodestream Decoder Software Harvest Technology Group Limited announced the release of the highly anticipated downloadable version of its Infinity Nodestream decoder software, further expanding the Company's Remote Communication Platform. About the application: The Infinity Nodestream Downloadable Decoder Application (Application) is a software application that uses embedded software to offer existing and new clients the opportunity to decode and deliver high-quality, secure encrypted video and audio over ultra-low bandwidth satellite point-to-point communications from anywhere in the world directly to a user's desktop or laptop computer, without the need for any additional decoder hardware. The Application's enhanced video and audio capabilities can improve decision making and time-to-resolution metrics for field-based technicians. Additionally, operational efficiency and improved uptime can be gained by remotely monitoring and taking action on geographically isolated assets and equipment which often are out of reach of traditional communication networks. Expansion: The release of the Application is first step in the Company's strategic move to expand the IoT ecosystem of connected devices forming part of the Infinity Remote Communication Platform and forms the basis of a SaaS model for future expansion. As the Company continues to set the foundation for scalability, this Application represents the foundation for expansion into the US market and has been designed to work seamlessly with the Company's Infinity WearwolfTM (WearwolfTM) encoding application on wearables and mobile devices. The new Application goes a step further in simplifying the operation of industrial smart safety glasses and strengthens the Company's newly formed relationship with Iristick N.V. (Iristick) who design the Iristick smart glasses in Belgium. Further Development: The Application has been initially released for use on Windows operating system (OS) and will be released for Mac OS in February. Further expansion of the Application will see decoding directly onto mobile devices later in 2021. The Application continues to represent the most advanced video and audio communication system available, and users can communicate directly with any Infinity Nodestream or WearwolfTM encoding device. Like all Infinity devices, the software utilises next generation encryption Gimli block cypher with a 384-bit permutation - achieving unmatched levels of high security and high performance. Users can now benefit from receiving live secure point-to-point video and communications at ultra-low bandwidths, and over poor quality or congested networks, directly to their laptop or PC. Video and audio are completely end user adjustable to enable the best quality out of the available network bandwidth with transfers as low as 32 kbps. Is New 90 Day High Low • Jan 14
New 90-day high: AU$0.36 The company is up 14% from its price of AU$0.32 on 16 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period. Recent Insider Transactions • Jan 08
Group MD & Executive Director recently sold AU$460k worth of stock On the 5th of January, Paul Guilfoyle sold around 2m shares on-market at roughly AU$0.31 per share. This was the largest sale by an insider in the last 3 months. Paul has been a seller over the last 12 months, reducing personal holdings by AU$430k. Announcement • Dec 01
Harvest Technology Group Ltd Announces Change of Company Secretary Harvest Technology Group Limited announced a change of its Company Secretary, with the concurrent resignation of Mr. Brett Tucker and the appointment of Mr. Joel Ives. Mr. Ives is a chartered accountant, well-versed in audit and assurance and has experience in structuring, capital raising, mergers & acquisitions. Joel has held positions as Chief Financial Officer and Company Secretary for public listed and private companies. Announcement • Oct 07
Harvest Technology Group Limited Enters into Global Marketing Alliance for Ultra-Low Bandwidth Remote Monitoring Solutions with Inmarsat Enterprise and Applied Satellite Technology Group Harvest Technology Group Limited announced that it has entered into a global marketing alliance for ultra-low bandwidth remote monitoring solutions with Inmarsat Enterprise (Inmarsat), and Applied Satellite Technology Group (AST). The alliance will provide the Company access to the satellite communications infrastructure and tools to enable the transmission of high-quality synchronised video and audio over ultra-low bandwidth to provide the services required to remotely monitor assets, coordinate site surveys and conduct maintenance operations across the resources, energy and utilities sectors. These sectors are facing increasing pressure to maintain vital infrastructure and equipment while safeguarding workers and cost-efficiency. With global travel restrictions and sustainability challenges impacting many organisations, pressure is mounting for personnel in remote locations be connected live back to base, the office or home, to enable simultaneous review and decision-making worldwide. From a connectivity standpoint, the Company's Infinity WearwolfTM solution enables high data rate streaming of video and audio over satellite by wirelessly connecting to Inmarsat's robust and portable Explorer 710 BGAN (Broadband Global Area Network) terminal. Inmarsat's global connectivity services are underpinned by the world's most reliable satellite communications network, which is the backbone for maritime, aviation and land safety services throughout the world. This ensures that any type of survey, inspection or maintenance procedure can be experienced via the eyes and ears of personnel on the ground under the direction of specialists, technicians and engineers from anywhere in the world. Reported Earnings • Oct 03
Full year earnings released - AU$0.018 loss per share Over the last 12 months the company has reported total losses of AU$6.02m, with losses widening by 340% from the prior year. Total revenue was AU$11.6m over the last 12 months, up by AU$11.5m from the prior year. Announcement • Sep 09
Unknown buyers completed the acquisition of remaining 20% stake in Seabin Pty Ltd from Smart Marine Systems Limited (ASX:SM8). Unknown buyers entered into an agreement to acquire remaining 20% stake in Seabin Pty Ltd from Smart Marine Systems Limited (ASX:SM8) for AUD 0.3 million on August 30, 2019. The consideration will be paid in cash. The transaction is expected to close in late November 2019.
Unknown buyers completed the acquisition of remaining 20% stake in Seabin Pty Ltd from Smart Marine Systems Limited (ASX:SM8) in November 2019.