Major Estimate Revision • Jun 11
Consensus EPS estimates fall by 500% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from AU$13.1m to AU$12.6m. Losses expected to increase from AU$0.002 per share to AU$0.012. Software industry in Australia expected to see average net income growth of 37% next year. Consensus price target down from AU$0.36 to AU$0.34. Share price fell 5.6% to AU$0.068 over the past week. Price Target Changed • Jun 10
Price target decreased by 11% to AU$0.34 Down from AU$0.38, the current price target is provided by 1 analyst. New target price is 423% above last closing price of AU$0.065. Stock is down 41% over the past year. The company is forecast to post a net loss per share of AU$0.012 next year compared to a net loss per share of AU$0.0028 last year. Major Estimate Revision • Mar 18
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from AU$14.3m to AU$13.1m. Now expected to report a loss of AU$0.002 per share instead of AU$0.005 per share profit previously forecast. Software industry in Australia expected to see average net income growth of 28% next year. Consensus price target down from AU$0.38 to AU$0.36. Share price was steady at AU$0.082 over the past week. Board Change • Mar 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. 1 highly experienced director. Non-Executive Director Jonathan Isaacs was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Jan 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.8m (US$9.73m) 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 Risk Market cap is less than US$10m (AU$13.8m market cap, or US$9.73m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Jan 19
ReadCloud Limited, Annual General Meeting, Feb 19, 2026 ReadCloud Limited, Annual General Meeting, Feb 19, 2026. New Risk • Jan 17
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 14% 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 Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$15.4m market cap, or US$10.3m). Price Target Changed • Dec 03
Price target increased by 8.6% to AU$0.38 Up from AU$0.35, the current price target is provided by 1 analyst. New target price is 262% above last closing price of AU$0.10. Stock is up 27% over the past year. The company is forecast to post earnings per share of AU$0.005 next year compared to a net loss per share of AU$0.0028 last year. Reported Earnings • Nov 21
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: AU$0.003 loss per share (improved from AU$0.007 loss in FY 2024). Revenue: AU$12.9m (up 8.6% from FY 2024). Net loss: AU$415.9k (loss narrowed 59% from FY 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 30%. Revenue is forecast to grow 14% p.a. on average during the next 2 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 63% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Aug 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.4m (US$9.97m) 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 Risk Market cap is less than US$10m (AU$15.4m market cap, or US$9.97m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • May 13
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 Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (AU$192k sold). Market cap is less than US$100m (AU$20.6m market cap, or US$13.2m). Recent Insider Transactions Derivative • Mar 07
Independent Non-Executive Chairman exercised options to buy AU$54k worth of stock. On the 28th of February, Cristiano Nicolli exercised options to buy 559k shares at a strike price of around AU$0.10, costing a total of AU$56k. This transaction amounted to 28% of their direct individual holding at the time of the trade. Since September 2024, Cristiano has owned 2.01m shares directly. Company insiders have collectively sold AU$23k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Mar 02
Co-Founder recently sold AU$192k worth of stock On the 26th of February, Lars Lindstrom sold around 2m shares on-market at roughly AU$0.096 per share. This transaction amounted to 21% 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 Lars' only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Feb 20
Independent Non-Executive Director exercised options to buy AU$59k worth of stock. On the 19th of February, Paul Collins exercised options to buy 615k shares at a strike price of around AU$0.10, costing a total of AU$62k. This transaction amounted to 19% of their direct individual holding at the time of the trade. Since September 2024, Paul has owned 3.28m shares directly. This was the only transaction from an insider over the last 12 months. Announcement • Feb 12
ReadCloud Limited Announces Retirement of Mr. Darren Hunter from the Board of Directors ReadCloud Limited announced that Mr. Darren Hunter will retire from the Board of Directors with effect at the conclusion of the Annual General Meeting on 12 February 2025. Darren will continue in his executive role as the Company's Chief Technology Officer, responsible for driving the development of ReadCloud's technology platform to evolve with customer needs and scale the business and ensuring ReadCloud maintains its technological leadership in digital education solutions. Darren has been integral to ReadCloud's development and success since joining the company in May 2015, playing a crucial role in setting strategic direction, developing proprietary digital education platform and driving technological innovation. Darren has served as a Director continuously since 2017, including during the company's ASX listing in 2018. Darren has been instrumental in integrating the Company's acquisitions and consolidating IT systems. Darren was also called upon to serve as CEO for a period, where his leadership skills and strategic insights came to the fore. Announcement • Jan 10
ReadCloud Limited, Annual General Meeting, Feb 12, 2025 ReadCloud Limited, Annual General Meeting, Feb 12, 2025. Announcement • Jan 23
ReadCloud Limited, Annual General Meeting, Feb 23, 2024 ReadCloud Limited, Annual General Meeting, Feb 23, 2024, at 12:00 AUS Eastern Standard Time. Agenda: To consider the adoption of remuneration report; to consider the re-election of Mr Paul Collins as a Director of the Company; to consider the approval of termination benefits; to consider the approval of amended employee incentive plan and the issue of securities thereunder; and to consider the approval of 10% placement facility. Announcement • Dec 20
ReadCloud Limited Announces Change of Company Secretary ReadCloud Limited advised that Ms. Melanie Leydin has resigned as Company Secretary of ReadCloud. Mr. Luke Murphy, ReadCloud's Chief Financial Officer, has been appointed as Company Secretary. Reported Earnings • Dec 01
Full year 2023 earnings released: AU$0.018 loss per share (vs AU$0.014 loss in FY 2022) Full year 2023 results: AU$0.018 loss per share (further deteriorated from AU$0.014 loss in FY 2022). Revenue: AU$10.7m (up 30% from FY 2022). Net loss: AU$2.25m (loss widened 37% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. New Risk • Sep 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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$2.0m free cash flow). Market cap is less than US$10m (AU$7.31m market cap, or US$4.71m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Board Change • Jul 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Cris Nicolli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
Readcloud Limited Announces Executive Changes ReadCloud announced that Mr. Guy Mendelson will retire from the Board of the Company with effect from 30 June 2023. Non-Executive Directors Mr. Jonathan Isaacs and Mr. Paul Collins will chair the Audit & Risk and Remuneration and Nomination Board sub-committees respectively from 1 July 2023. Reported Earnings • Jun 01
First half 2023 earnings released: EPS: AU$0.01 (vs AU$0.01 in 1H 2022) First half 2023 results: EPS: AU$0.01 (in line with 1H 2022). Revenue: AU$7.08m (up 2.3% from 1H 2022). Net income: AU$1.19m (flat on 1H 2022). Profit margin: 17% (in line with 1H 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Announcement • May 08
ReadCloud Limited Appoints Andrew Skelton as the New Chief Executive Officer with Effect from 15 May 2023 ReadCloud announced the appointment of Andrew Skelton as the new Chief Executive Officer with effect from 15 May 2023. Andrew will take over from founder Lars Lindstrom who stood down from the role in December 2022. Andrew will be involved in transitioning to the role with selected pre-15 May 2023 activities to provide impetus with the employees and the Board to be well prepared for the role. Andrew is a business and technology executive with more than 20 years of leadership experience, most recently as Chief Executive Officer of A2B Australia Ltd. (ASX A2B). Andrew's previous roles include General Counsel of ASX200 Cabcharge Australia Ltd. and Chief Operating Officer of Black Cabs Combined Ltd. where he led the establishment and growth of the 13cabs brand and associated technologies. Andrew has a track record of growing business by delivering significant transformation programmes, executing growth strategies in highly competitive industries, and navigating market, technological and regulatory changes. Andrew began his career at K&L Gates in Melbourne as a lawyer specialising in mergers and acquisitions. Andrew brings a strong set of skills and experiences and is well regarded as a commercially astute, values driven Executive. His experience in strategy formulation and business transformation together with his experience in building revenue and profit growth outcomes is well suited to the role. Andrew will work closely with Lars Lindstrom and Darren Hunter (Interim CEO) to develop an understanding of how ReadCloud can best serve the education market. The Board will work with Andrew to enhance ReadCloud's strategic direction, build momentum and galvanise the team to drive execution. Announcement • Feb 13
ReadCloud Limited Elects Jonathan Isaacs as Director ReadCloud Limited at the Annual General Meeting held on 13 February 2023, approved election of Mr. Jonathan Isaacs as a Director of the Company. Announcement • Dec 16
ReadCloud Limited Announces Management Changes ReadCloud Limited provided an update on changes to its senior leadership team. This follows a Board-led review of the Company's strategy and business focus to drive increased growth and profitability. Included in the review was the prioritization of capital and resource allocation, as well as the need for the strong execution of the current plan. With the recent acquisition of Southern Solutions Training Services Pty Ltd. providing potentialgrowth opportunities in the early childhood education & care sector, together with the increased staff and operational focus required, Mr. Lars Lindstrom has decided to step down from his current role as Chief Executive Officer of the Company effective 16 December 2022. Mr. Lindstrom has agreed a new remuneration package to reflect the change of role and new performance-based incentives. Executive Director and Chief Information Officer, Mr. Darren Hunter has been appointed interim CEO and will be supported by the non-executive directors. There is no change to Mr.Hunter's remuneration. Announcement • Nov 29
ReadCloud Limited, Annual General Meeting, Feb 13, 2023 ReadCloud Limited, Annual General Meeting, Feb 13, 2023. Price Target Changed • Nov 16
Price target decreased to AU$0.39 Down from AU$0.45, the current price target is provided by 1 analyst. New target price is 239% above last closing price of AU$0.12. Stock is down 50% over the past year. The company is forecast to post a net loss per share of AU$0.01 next year compared to a net loss per share of AU$0.01 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Guy Mendelson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 11
ReadCloud Limited (ASX:RCL) completed the acquisition of Southern Solutions Training Services Pty Ltd for AUD 3.2 million. ReadCloud Limited (ASX:RCL) agreed to acquire Southern Solutions Training Services Pty Ltd for AUD 3.2 million on October 14, 2022. Upfront payment of AUD 1.35 million will be paid in cash AUD 0.975 million and shares AUD 0.375 million. Deferred payment of AUD 1.8 million will be paid in 75% in cash and 25% in shares. Acquisition will be funded by existing cash reserves. For the year ended June 30, 2022, Southern Solutions Training Services Pty Ltd reported sales of AUD 2 million and EBIT of AUD 0.364 million. Jayne Marsh and Janina Puttick, will continue to work in Southern Solutions post completion of the acquisition. The acquisition is subject to the satisfaction of customary conditions for completion, which are expected to be satisfied in the coming week.
ReadCloud Limited (ASX:RCL) completed the acquisition of Southern Solutions Training Services Pty Ltd for AUD 3.2 million on November 10, 2022. Announcement • Oct 14
ReadCloud Limited (ASX:RCL) acquired Southern Solutions Training Services Pty Ltd for AUD 3.2 million. ReadCloud Limited (ASX:RCL) acquired Southern Solutions Training Services Pty Ltd for AUD 3.2 million on October 14, 2022. Upfront payment of AUD 1.35 million will be paid in cash AUD 0.975 million and shares AUD 0.375 million. Deferred payment of AUD 1.8 million will be paid in 75% in cash and 25% in shares. Acquisition will be funded by existing cash reserves. For the year ended June 30, 2022, Southern Solutions Training Services Pty Ltd reported sales of AUD 2 million and EBIT of AUD 0.364 million. Jayne Marsh and Janina Puttick, will continue to work in Southern Solutions post completion of the acquisition. The acquisition is subject to the satisfaction of customary conditions for completion, which are expected to be satisfied in the coming week. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Guy Mendelson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 21
Non-Executive Chairman recently bought AU$70k worth of stock On the 18th of November, Cristiano Nicolli bought around 303k shares on-market at roughly AU$0.23 per share. This was the largest purchase by an insider in the last 3 months. This was Cristiano's only on-market trade for the last 12 months. Reported Earnings • Aug 31
Full year 2021 earnings released: AU$0.01 loss per share (vs AU$0.01 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$7.69m (up 8.8% from FY 2020). Net loss: AU$1.15m (loss widened 17% from FY 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 03
Price target decreased to AU$0.67 Down from AU$0.90, the current price target is provided by 1 analyst. New target price is 68% above last closing price of AU$0.40. Stock is up 43% over the past year. Announcement • Jun 01
ReadCloud Limited (ASX:RCL) entered into an agreement to acquire Ripponlea Institute Pty Ltd from Sarah Pavy for AUD 1.8 million. ReadCloud Limited (ASX:RCL) entered into an agreement to acquire Ripponlea Institute Pty Ltd from Sarah Pavy for AUD 1.8 million on June 1, 2021. As per the terms, purchase price is up to AUD 1.8 million, comprising an upfront cash payment of AUD 1.2 million and up to AUD 0.6 million of ReadCloud shares contingent on achievement of two year revenue targets. As per the terms, acquisition will be funded by existing cash and the issue of shares, with consideration in three tranches based on performance. Sarah Pavy and one other employee of Ripponlea will join the ReadCloud team to continue to grow the combined business. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.01 loss per share (vs AU$0.012 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: AU$3.30m (up 11% from 1H 2020). Net loss: AU$1.06m (loss narrowed 4.2% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Is New 90 Day High Low • Feb 25
New 90-day low: AU$0.56 The company is down 18% from its price of AU$0.68 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 7.0% over the same period. Price Target Changed • Feb 02
Price target raised to AU$0.94 Up from AU$0.72, the current price target is provided by 1 analyst. The new target price is 48% above the current share price of AU$0.64. As of last close, the stock is up 92% over the past year. Is New 90 Day High Low • Dec 08
New 90-day high: AU$0.71 The company is up 101% from its price of AU$0.35 on 08 September 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 15% over the same period. Announcement • Nov 26
Readcloud Limited Announces Board Changes ReadCloud Limited announced that he intends to retire as Chairman effective 31 December 2020. He will be succeeded in the role by current ReadCloud Non-Executive Director, Mr. Cris Nicolli. Recent Insider Transactions • Nov 25
Insider recently sold AU$2.4m worth of stock On the 19th of November, John Pollaers sold around 5m shares on-market at roughly AU$0.46 per share. 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. Is New 90 Day High Low • Nov 09
New 90-day high: AU$0.41 The company is up 15% from its price of AU$0.35 on 11 August 2020. The Australian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 21% over the same period. Announcement • Oct 30
ReadCloud Limited (ASX:RCL) completed the acquisition of PKY Media Pty Ltd. ReadCloud Limited (ASX:RCL) entered into an agreement to acquire PKY Media Pty Ltd for AUD 1.5 million on October 27, 2020. PKY Media Pty Ltd is being acquired on a cash free - debt free basis. Out of the total consideration, AUD 1.05 million will be paid in cash, up to AUD 0.25 million, to be satisfied by the issue of shares in ReadCloud, to be issued at a minimum issue price of AUD 0.38 per share, on a sliding scale based on PKY Media Pty Ltd achieving defined revenue targets for FY21 and up to AUD 0.15 million, to be satisfied by the issue of shares in ReadCloud, to be issued at a minimum issue price of AUD 0.38 per share, on a sliding scale based on PKY Media Pty Ltd achieving defined revenue targets for FY22. Cash consideration will be funded from existing funds of ReadCloud Limited. All shares issued as consideration for the acquisition will be subject to voluntary escrow, with 50% escrowed for 12 months from the date of issue and 50% escrowed for 24 months from the date of issue. The total acquisition cost represents between 4.7 times and 6.5 times FY20 EBITDA depending on the achievement of performance hurdles. PKY Media Pty Ltd reported sales revenue of AUD 0.84 million and EBITDA of AUD 0.22 million for Financial Year ended on June 30, 2020. The two vendors (and founders) of PKY Media Pty Ltd and the other 4 employees will join the ReadCloud team to continue to grow the combined business. The agreement is subject to the satisfaction of customary conditions for completion, which are expected to be satisfied in the coming week.
ReadCloud Limited (ASX:RCL) completed the acquisition of PKY Media Pty Ltd on October 30, 2020. Announcement • Oct 27
ReadCloud Limited (ASX:RCL) entered into an agreement to acquire PKY Media Pty Ltd for AUD 1.5 million. ReadCloud Limited (ASX:RCL) entered into an agreement to acquire PKY Media Pty Ltd for AUD 1.5 million on October 27, 2020. PKY Media Pty Ltd is being acquired on a cash free - debt free basis. Out of the total consideration, AUD 1.05 million will be paid in cash, up to AUD 0.25 million, to be satisfied by the issue of shares in ReadCloud, to be issued at a minimum issue price of AUD 0.38 per share, on a sliding scale based on PKY Media Pty Ltd achieving defined revenue targets for FY21 and up to AUD 0.15 million, to be satisfied by the issue of shares in ReadCloud, to be issued at a minimum issue price of AUD 0.38 per share, on a sliding scale based on PKY Media Pty Ltd achieving defined revenue targets for FY22. Cash consideration will be funded from existing funds of ReadCloud Limited. All shares issued as consideration for the acquisition will be subject to voluntary escrow, with 50% escrowed for 12 months from the date of issue and 50% escrowed for 24 months from the date of issue. The total acquisition cost represents between 4.7 times and 6.5 times FY20 EBITDA depending on the achievement of performance hurdles. PKY Media Pty Ltd reported sales revenue of AUD 0.84 million and EBITDA of AUD 0.22 million for the FY ended on June 30, 2020. The two vendors (and founders) of PKY Media Pty Ltd and the other 4 employees will join the ReadCloud team to continue to grow the combined business. The agreement is subject to the satisfaction of customary conditions for completion, which are expected to be satisfied in the coming week.