Announcement • Apr 27
Aura and Qoria Announce Executive Changes for the Combined Company Aura on April 24, 2026 announced that, following completion of its acquisition of Qoria, Hari Ravichandran will remain CEO of the combined company. With this change, Sujay Jaswa, will remain the Chairman of Aura's Board of Directors. Brian DeCenzo, Aura's current CFO, will be appointed CFO and President of the newly combined company. The current CFO of Qoria, Ben Jenkins, will remain on as CFO Australia, reporting to DeCenzo. Tim Levy, current Managing Director of Qoria, will join the Board of Directors of the newly combined group and will serve as CEO of Aura Alpha, a new growth and innovation venture within Aura focused on strategic partnerships, global distribution channels, corporate development, M&A and policy, regulatory and market development initiatives. Price Target Changed • Apr 25
Price target decreased by 21% to AU$0.54 Down from AU$0.69, the current price target is an average from 4 analysts. New target price is 108% above last closing price of AU$0.26. The company is forecast to post a net loss per share of AU$0.028 next year compared to a net loss per share of AU$0.028 last year. Announcement • Apr 23
Qoria Limited to Report Q3, 2026 Results on Apr 24, 2026 Qoria Limited announced that they will report Q3, 2026 results on Apr 24, 2026 Recent Insider Transactions • Mar 10
Independent Non-Executive Director recently bought AU$98k worth of stock On the 5th of March, Philip Warren bought around 324k shares on-market at roughly AU$0.30 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$319k more in shares than they bought in the last 12 months. Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 43% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -AU$0.021 to -AU$0.03 per share. Revenue forecast unchanged at AU$141.8m. Software industry in Australia expected to see average net income growth of 48% next year. Consensus price target down from AU$0.73 to AU$0.69. Share price was steady at AU$0.29 over the past week. Breakeven Date Change • Feb 27
Forecast to breakeven in 2028 The 5 analysts covering Qoria expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 31% per year to 2027. The company is expected to make a profit of AU$6.40m in 2028. Average annual earnings growth of 78% is required to achieve expected profit on schedule. Announcement • Feb 24
Qoria Limited to Report First Half, 2026 Results on Feb 26, 2026 Qoria Limited announced that they will report first half, 2026 results on Feb 26, 2026 New Risk • Feb 07
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 13% 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$17m). Currently unprofitable and not forecast to become profitable over next 3 years (AU$1.2m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Breakeven Date Change • Feb 05
No longer forecast to breakeven The 6 analysts covering Qoria no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$6.29m in 2028. New consensus forecast suggests the company will make a loss of AU$6.22m in 2028. Announcement • Feb 02
Aura Sub, LLC signed a binding merger implementation deed to acquire Qoria Limited (ASX:QOR). Aura Sub, LLC signed a binding merger implementation deed to acquire Qoria Limited (ASX:QOR) on February 2, 2026. The consideration consists of CHESS Depositary Interests common equity of Aura Sub, LLC at a ratio of 0.0581 per common equity of Qoria Limited. As part of consideration, an undisclosed value is paid towards common equity of Qoria Limited. The transaction will be financed through equity investment of AUD 107.24 million. The transaction is expected to be value accretive to Qoria shareholders
The transaction is subject to approval by ASIC and ASX waivers, consents and approvals for the Transaction including ASX agreeing to admit Aura to the official list of ASX, an Independent Expert’s Report to be prepared for Qoria Shareholders concluding (and continuing to conclude) that the Scheme is in the best interests of Qoria shareholders, Receipt of cleared funds from the Equity Placement, Regulatory approvals across relevant jurisdictions including in Spain, the UK and USA, Receipt of a draft class ruling from the Australian Tax Office confirming availability of scrip for scrip rollover relief for eligible Qoria shareholders, Neither party being affected by a material adverse change or prescribed occurrence and other customary conditions. Approval of offer by acquirer shareholders, approval of offer by acquirer board, approval of offer by target shareholders, subject to court approval and third-party approval needed. The deal has been unanimously approved by the acquirer board and shareholders. The Merger implementation Deed is subject to customary reciprocal deal protections, including exclusivity arrangements (no shop, no talk and no due diligence) with customary fiduciary carve-outs. The Scheme is unanimously recommended by the Board of Directors and each Qoria Director intends to vote all Qoria shares that they hold or control, in favour of the Scheme, in each case, subject to there being no Superior Proposal. The Board has appointed Grant Thornton as an independent expert to assess if the Scheme is in the best interest of Qoria's shareholders.
On completion of the Transaction, the Board of Aura is proposed to comprise of four Aura nominees - including Hari Ravichandran as Chairman of the Board, Sujay Jaswa, Jeffrey Katzenberg and one other to be added prior to closing - and three Qoria nominees, being Peter Pawlowitsch, Matthew Stepka and Tim Levy as Managing Director. Upon completion of the Transaction, Qoria will become a wholly owned subsidiary of Aura. The newly combined group will then begin trading on the ASX with the ticker symbol AXQ.
Azure Capital Pty Ltd. acted as financial advisor for Qoria Limited. Stifel Financial Corp. acted as financial advisor for Qoria Limited. Thomson Geer acted as legal advisor for Qoria Limited. Gibson, Dunn & Crutcher LLP acted as legal advisor for Qoria Limited. Jefferies LLC acted as financial advisor for Aura Sub, LLC. Herbert Smith Freehills acted as legal advisor for Aura Sub, LLC. Latham & Watkins LLP acted as legal advisor for Aura Sub, LLC. Announcement • Jan 14
Qoria Limited to Report Q2, 2026 Results on Jan 20, 2026 Qoria Limited announced that they will report Q2, 2026 results on Jan 20, 2026 Buy Or Sell Opportunity • Nov 13
Now 24% undervalued Over the last 90 days, the stock has risen 2.3% to AU$0.68. The fair value is estimated to be AU$0.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Major Estimate Revision • Nov 11
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -AU$0.014 to -AU$0.017 per share. Revenue forecast unchanged at AU$145.5m. Software industry in Australia expected to see average net income growth of 18% next year. Consensus price target of AU$0.90 unchanged from last update. Share price fell 5.2% to AU$0.73 over the past week. Recent Insider Transactions • Nov 07
Independent Non-Executive Director recently sold AU$417k worth of stock On the 4th of November, Georg Ell sold around 556k shares on-market at roughly AU$0.75 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Major Estimate Revision • Oct 22
Consensus EPS estimates fall by 20%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from AU$141.8m to AU$145.5m. Forecast EPS reduced from -AU$0.014 to -AU$0.017 per share. Software industry in Australia expected to see average net income growth of 23% next year. Consensus price target up from AU$0.70 to AU$0.90. Share price rose 3.0% to AU$0.86 over the past week. Announcement • Oct 16
Qoria Limited to Report Q1, 2026 Results on Oct 21, 2025 Qoria Limited announced that they will report Q1, 2026 results on Oct 21, 2025 Announcement • Sep 22
Qoria Limited, Annual General Meeting, Nov 21, 2025 Qoria Limited, Annual General Meeting, Nov 21, 2025. Price Target Changed • Aug 30
Price target increased by 7.5% to AU$0.65 Up from AU$0.61, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of AU$0.67. Stock is up 86% over the past year. The company is forecast to post a net loss per share of AU$0.014 next year compared to a net loss per share of AU$0.028 last year. Reported Earnings • Aug 29
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: AU$0.028 loss per share (improved from AU$0.049 loss in FY 2024). Revenue: AU$117.9m (up 18% from FY 2024). Net loss: AU$36.0m (loss narrowed 34% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 28
Price target increased by 7.8% to AU$0.62 Up from AU$0.58, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of AU$0.63. Stock is up 71% over the past year. Announcement • Aug 27
Qoria Limited to Report Fiscal Year 2025 Results on Aug 28, 2025 Qoria Limited announced that they will report fiscal year 2025 results on Aug 28, 2025 Reported Earnings • Jul 24
Full year 2025 earnings released Full year 2025 results: Revenue: AU$117.9m (up 18% from FY 2024). Net loss: AU$21.2m (loss narrowed 61% from FY 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Australia. New Risk • Jul 23
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$33m Forecast net loss in 3 years: AU$3.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Announcement • Jul 17
Qoria Limited to Report Q4, 2025 Results on Jul 22, 2025 Qoria Limited announced that they will report Q4, 2025 results on Jul 22, 2025 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. 2 highly experienced directors. Non-executive Independent Director Jane Watts was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jun 30
Forecast to breakeven in 2028 The 5 analysts covering Qoria expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$18.6m in 2028. Average annual earnings growth of 58% is required to achieve expected profit on schedule. Announcement • Apr 22
Qoria Limited to Report Q3, 2025 Results on Apr 28, 2025 Qoria Limited announced that they will report Q3, 2025 results on Apr 28, 2025 New Risk • Feb 26
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$55m Forecast net loss in 3 years: AU$9.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$9.4m net loss in 3 years). Shareholders have been diluted in the past year (16% increase in shares outstanding). Major Estimate Revision • Feb 26
Consensus EPS estimates upgraded to AU$0.015 loss, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from AU$121.1m to AU$116.6m. 2025 losses expected to reduce from -AU$0.026 to -AU$0.015 per share. Software industry in Australia expected to see average net income growth of 41% next year. Consensus price target broadly unchanged at AU$0.56. Share price rose 3.2% to AU$0.48 over the past week. Breakeven Date Change • Feb 25
Forecast to breakeven in 2027 The 5 analysts covering Qoria expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 40% per year to 2026. The company is expected to make a profit of AU$549.8k in 2027. Average annual earnings growth of 66% is required to achieve expected profit on schedule. Announcement • Feb 21
Qoria Limited to Report First Half, 2025 Results on Feb 25, 2025 Qoria Limited announced that they will report first half, 2025 results on Feb 25, 2025 New Risk • Feb 12
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: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$3.7m net loss in 3 years). Shareholders have been diluted in the past year (16% increase in shares outstanding). Major Estimate Revision • Jan 23
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$0.024 to -AU$0.027 per share. Revenue forecast unchanged at AU$121.1m. Software industry in Australia expected to see average net income growth of 41% next year. Consensus price target up from AU$0.55 to AU$0.56. Share price fell 11% to AU$0.42 over the past week. New Risk • Jan 22
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$55m Forecast net loss in 3 years: AU$3.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$3.7m net loss in 3 years). Shareholders have been diluted in the past year (15% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1.3m sold). Breakeven Date Change • Jan 22
No longer forecast to breakeven The 5 analysts covering Qoria no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$3.68m in 2027. New consensus forecast suggests the company will make a loss of AU$9.10m in 2027. Announcement • Jan 17
Qoria Limited to Report Q2, 2025 Results on Jan 21, 2025 Qoria Limited announced that they will report Q2, 2025 results on Jan 21, 2025 Price Target Changed • Jan 02
Price target increased by 15% to AU$0.55 Up from AU$0.47, the current price target is an average from 5 analysts. New target price is 14% above last closing price of AU$0.48. Stock is up 85% over the past year. The company is forecast to post a net loss per share of AU$0.024 next year compared to a net loss per share of AU$0.049 last year. Recent Insider Transactions • Oct 27
MD & Director recently sold AU$1.3m worth of stock On the 23rd of October, Timothy Levy sold around 3m shares on-market at roughly AU$0.42 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Timothy's only on-market trade for the last 12 months. Breakeven Date Change • Oct 18
Forecast to breakeven in 2027 The 6 analysts covering Qoria expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 41% per year to 2026. The company is expected to make a profit of AU$3.68m in 2027. Average annual earnings growth of 67% is required to achieve expected profit on schedule. Announcement • Oct 16
Qoria Limited Announces Change of Company Secretary Qoria announced the appointment of Mr. Jack Rosagro as Company Secretary effective from 16 October 2024. Mr. Rosagro is a Fellow Member of Governance Institute of Australia and has 18 years' experience in capital markets, share registry, and governance. He is currently the company secretary for several listed and unlisted public companies across a range of industries, including mineral exploration, technology, and biotechnology. The appointment follows the resignation of Ms. Kate Sainty as Company Secretary who is going on maternity leave. Announcement • Oct 14
Qoria Limited to Report Q1, 2025 Results on Oct 16, 2024 Qoria Limited announced that they will report Q1, 2025 results on Oct 16, 2024 Announcement • Oct 01
Qoria Limited (ASX:QOR) agreed to acquire Ayra Group Pty Ltd for AUD 9.55 million. Qoria Limited (ASX:QOR) agreed to acquire Ayra Group Pty Ltd for AUD 9.55 million on September 30, 2024. A cash consideration of AUD 5 million will be paid by Qoria Limited. Qoria Limited will pay an earnout/contingent payment of up to 11.666667 million performance rights with vesting subject to Ayra Group Pty Ltd reaching a target of circa AUD 8 million in ARR within 30 months. The transaction will be financed through equity investment of AUD 30 million. Qoria Limited has received binding commitments to raise AUD 30 million through a placement of 80.64 million new fully paid ordinary shares at an issue price of AUD 0.372 per share. Net proceeds from the placement will be used to fund the upfront consideration in relation to the acquisition of Ayra Group Pty Ltd and general working capital. Qoria Limited will take over the team, tech and products of Ayra Group Pty Ltd. Ayra Group Pty Ltd's platforms will be re-branded as Qoria Insights and Qoria Intelligence and will rapidly become a core component of our world leading safety & wellbeing ecosystem.
The transaction is expected to complete by October 31, 2024. Qoria Limited expects this acquisition to be EBITDA contributing and value accretive (on an ARR/EV basis) within 12 months. Reported Earnings • Sep 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: AU$0.049 loss per share (improved from AU$0.10 loss in FY 2023). Revenue: AU$101.9m (up 24% from FY 2023). Net loss: AU$54.8m (loss narrowed 37% from FY 2023). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 14% 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 increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Sep 12
Qoria Limited, Annual General Meeting, Nov 21, 2024 Qoria Limited, Annual General Meeting, Nov 21, 2024. New Risk • Aug 29
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$55m Forecast net loss in 3 years: AU$9.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$19m). Currently unprofitable and not forecast to become profitable over next 3 years (AU$9.0m net loss in 3 years). Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Aug 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: AU$0.049 loss per share (improved from AU$0.10 loss in FY 2023). Revenue: AU$101.9m (up 24% from FY 2023). Net loss: AU$54.8m (loss narrowed 37% from FY 2023). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 21
Qoria Limited to Report Fiscal Year 2024 Results on Aug 28, 2024 Qoria Limited announced that they will report fiscal year 2024 results on Aug 28, 2024 Breakeven Date Change • Aug 04
Forecast to breakeven in 2027 The 6 analysts covering Qoria expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$10.7m in 2027. Average annual earnings growth of 65% is required to achieve expected profit on schedule. New Risk • Jul 29
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$81m Forecast net loss in 3 years: AU$1.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$25m). Currently unprofitable and not forecast to become profitable over next 3 years (AU$1.5m net loss in 3 years). Shareholders have been diluted in the past year (12% increase in shares outstanding). Announcement • Jul 16
Qoria Limited to Report Q4, 2024 Results on Jul 23, 2024 Qoria Limited announced that they will report Q4, 2024 results on Jul 23, 2024 Breakeven Date Change • Jun 30
Forecast to breakeven in 2027 The 6 analysts covering Qoria expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$11.9m in 2027. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Price Target Changed • May 29
Price target increased by 11% to AU$0.49 Up from AU$0.44, the current price target is an average from 6 analysts. New target price is 10% above last closing price of AU$0.44. Stock is up 151% over the past year. The company is forecast to post a net loss per share of AU$0.046 next year compared to a net loss per share of AU$0.10 last year. Announcement • Apr 11
Qoria Limited to Report Q3, 2024 Results on Apr 15, 2024 Qoria Limited announced that they will report Q3, 2024 results on Apr 15, 2024 Price Target Changed • Apr 08
Price target increased by 12% to AU$0.41 Up from AU$0.36, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of AU$0.42. Stock is up 121% over the past year. The company is forecast to post a net loss per share of AU$0.046 next year compared to a net loss per share of AU$0.10 last year. Major Estimate Revision • Mar 04
Consensus EPS estimates upgraded to AU$0.047 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from AU$104.0m to AU$102.4m. 2024 losses expected to reduce from -AU$0.053 to -AU$0.047 per share. Software industry in Australia expected to see average net income growth of 47% next year. Consensus price target broadly unchanged at AU$0.36. Share price rose 11% to AU$0.25 over the past week. Announcement • Feb 23
Qoria Limited to Report First Half, 2024 Results on Feb 27, 2024 Qoria Limited announced that they will report first half, 2024 results on Feb 27, 2024 Announcement • Jan 22
Qoria Limited to Report Q2, 2024 Results on Jan 23, 2024 Qoria Limited announced that they will report Q2, 2024 results on Jan 23, 2024 Major Estimate Revision • Oct 25
Consensus EPS estimates upgraded to AU$0.051 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -AU$0.062 to -AU$0.051 per share. Revenue forecast steady at AU$106.0m. Software industry in Australia expected to see average net income growth of 31% next year. Consensus price target down from AU$0.37 to AU$0.36. Share price fell 7.1% to AU$0.20 over the past week. Announcement • Oct 20
Qoria Limited to Report Q1, 2024 Results on Oct 23, 2023 Qoria Limited announced that they will report Q1, 2024 results on Oct 23, 2023 Announcement • Sep 14
Qoria Limited, Annual General Meeting, Nov 23, 2023 Qoria Limited, Annual General Meeting, Nov 23, 2023. Agenda: To consider the re-election of Directors of the Company. Major Estimate Revision • Sep 09
Consensus EPS estimates fall by 81% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$106.8m to AU$105.1m. Losses expected to increase from AU$0.034 per share to AU$0.062. Software industry in Australia expected to see average net income growth of 31% next year. Consensus price target up from AU$0.36 to AU$0.37. Share price fell 13% to AU$0.24 over the past week. Breakeven Date Change • Sep 08
No longer forecast to breakeven The 3 analysts covering Qoria no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$28.9m in 2026. New consensus forecast suggests the company will make a loss of AU$10.8m in 2026. Announcement • Aug 31
Qoria Limited acquired Qustodio. Qoria Limited acquired Qustodio on August 31, 2022.
Qoria Limited completed the acquisition of Qustodio on August 31, 2022. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$30m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-AU$30m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Reported Earnings • Aug 31
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: AU$0.10 loss per share (further deteriorated from AU$0.092 loss in FY 2022). Revenue: AU$82.4m (up 82% from FY 2022). Net loss: AU$86.7m (loss widened 36% from FY 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 79%. 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 22% per year whereas the company’s share price has fallen by 18% per year. Announcement • Aug 29
Qoria Limited to Report Fiscal Year 2023 Results on Aug 30, 2023 Qoria Limited announced that they will report fiscal year 2023 results on Aug 30, 2023 Announcement • Jul 25
Qoria Limited to Report Q4, 2023 Results on Jul 26, 2023 Qoria Limited announced that they will report Q4, 2023 results on Jul 26, 2023 Recent Insider Transactions Derivative • Jul 14
Independent Non-Executive Director exercised options to buy AU$215k worth of stock. On the 7th of July, Philip Warren exercised options to buy 1m shares at a strike price of around AU$0.21, costing a total of AU$210k. This transaction amounted to 158% of their direct individual holding at the time of the trade. Since September 2022, Philip's direct individual holding has increased from 491.69k shares to 632.21k. This was the only transaction from an insider over the last 12 months. Breakeven Date Change • Jun 30
Forecast to breakeven in 2026 The 3 analysts covering Qoria expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$23.1m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule. Breakeven Date Change • Apr 30
Forecast to breakeven in 2025 The 2 analysts covering Family Zone Cyber Safety expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 24% per year to 2024. The company is expected to make a profit of AU$9.13m in 2025. Average annual earnings growth of 66% is required to achieve expected profit on schedule. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 46% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$83.8m to AU$82.2m. Losses expected to increase from AU$0.041 per share to AU$0.06. Software industry in Australia expected to see average net income growth of 14% next year. Consensus price target down from AU$0.55 to AU$0.48. Share price was steady at AU$0.20 over the past week. Price Target Changed • Mar 03
Price target decreased by 13% to AU$0.48 Down from AU$0.55, the current price target is an average from 2 analysts. New target price is 133% above last closing price of AU$0.20. Stock is down 43% over the past year. The company is forecast to post a net loss per share of AU$0.057 next year compared to a net loss per share of AU$0.092 last year. Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.044 loss per share (vs AU$0.044 loss in 1H 2022) First half 2023 results: AU$0.044 loss per share (in line with 1H 2022). Revenue: AU$37.1m (up 107% from 1H 2022). Net loss: AU$39.0m (loss widened 25% from 1H 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Feb 20
Family Zone Provides Preliminary Insights into the Recent Launch of Student Wellbeing Product Pulse Family Zone provided preliminary insights into the recent launch of Student Wellbeing product Pulse into the Company's UK footprint. The launch of Pulse into the UK has within a mere two weeks been the best and most successful product launch I have ever seen in my 15 years in online safety. Highlights: Pulse is a student wellbeing tool acquired by Family Zone in October 2022 through the Educator Impact merger. Pulse has been developed and re-skinned to sell into the company's regional Education brands. Pulse launched into the UK at the end of January with immediate success. Within two weeks existing Smoothwall clients have generated an unprecedented £500,000 pipeline with a number of orders already received. Importantly win ratios exceed existing product lines (with a 70% win ratio) and premium pricing has been validated. Announcement • Feb 08
Family Zone Cyber Safety Limited Announces Resignation of Crispin Swan as Executive Director Family Zone Cyber Safety Limited announced that Crispin Swan will be stepping down as an Executive Director of the company, effective, February 8, 2023. Crispin is one of the co-founders of Family Zone and has played and will continue to play a critical role within the Company as Chief Operating Officer. Crispin's decision has been made to increase Board independence and reflects good governance for the growing scale of the Company. Price Target Changed • Jan 30
Price target decreased by 7.6% to AU$0.55 Down from AU$0.59, the current price target is provided by 1 analyst. New target price is 115% above last closing price of AU$0.26. Stock is down 45% over the past year. The company is forecast to post a net loss per share of AU$0.04 next year compared to a net loss per share of AU$0.092 last year. 