New Risk • May 11
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: Major Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$3.6m revenue, or US$2.6m). Market cap is less than US$100m (AU$59.3m market cap, or US$43.0m). Board Change • Feb 23
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Founder, MD, CEO & Director Andy Taylor is the most experienced director on the board, commencing their role in 2020. Independent Director Kasey Kaplan was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Recent Insider Transactions • Nov 28
Founder recently sold AU$682k worth of stock On the 20th of November, Andrew Taylor sold around 13m shares on-market at roughly AU$0.051 per share. This transaction amounted to 6.0% 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 Andrew's only on-market trade for the last 12 months. Announcement • Oct 07
Stakk Limited has completed a Follow-on Equity Offering in the amount of AUD 15 million. Stakk Limited has completed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 333,333,333
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 06
Stakk Limited has filed a Follow-on Equity Offering in the amount of AUD 15 million. Stakk Limited has filed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 333,333,333
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 04
Full year 2025 earnings released: EPS: AU$0 (vs AU$0.001 loss in FY 2024) Full year 2025 results: EPS: AU$0 (improved from AU$0.001 loss in FY 2024). Revenue: AU$1.24m (up 158% from FY 2024). Net loss: AU$216.6k (loss narrowed 86% from FY 2024). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Oct 03
Stakk Limited, Annual General Meeting, Nov 27, 2025 Stakk Limited, Annual General Meeting, Nov 27, 2025. Announcement • Sep 30
Stakk Limited to Report Fiscal Year 2025 Results on Sep 30, 2025 Stakk Limited announced that they will report fiscal year 2025 results at 4:12 PM, AUS Eastern Standard Time on Sep 30, 2025 Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.15 loss per share (vs AU$0.001 loss in FY 2024) Full year 2025 results: AU$0.15 loss per share (further deteriorated from AU$0.001 loss in FY 2024). Revenue: AU$2.00m (up 18% from FY 2024). Net loss: AU$2.46m (loss widened 63% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Aug 29
Stakk Limited Provides Earnings Guidance for the Year 2026 Stakk Limited provided earnings guidance for the year 2026. For the year, the company anticipates that revenue will rapidly accelerate with the launch of its new embedded payments & lending solutions in the Australian market in Fiscal Year 26. Board Change • Mar 08
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 Director Arthur Lo was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 28
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$553k 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$553k free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Revenue is less than US$1m (AU$1.5m revenue, or US$954k). Market cap is less than US$10m (AU$10.4m market cap, or US$6.44m). New Risk • Feb 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 92% 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-AU$686k). Earnings have declined by 7.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Market cap is less than US$10m (AU$10.4m market cap, or US$6.59m). Minor Risk Revenue is less than US$5m (AU$1.7m revenue, or US$1.1m). New Risk • Dec 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.9% 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 Share price has been highly volatile over the past 3 months (46% average weekly change). Negative equity (-AU$686k). Earnings have declined by 7.3% per year over the past 5 years. Market cap is less than US$10m (AU$10.6m market cap, or US$6.76m). Minor Risks Shareholders have been diluted in the past year (9.9% increase in shares outstanding). Revenue is less than US$5m (AU$1.7m revenue, or US$1.1m). Reported Earnings • Oct 05
Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.007 loss in FY 2023) Full year 2024 results: AU$0.001 loss per share (improved from AU$0.007 loss in FY 2023). Revenue: AU$1.69m (up AU$1.54m from FY 2023). Net loss: AU$1.51m (loss narrowed 75% from FY 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Announcement • Oct 04
Douugh Limited Appoints Arthur Lo as Director Douugh Limited announced the appointment of Mr. Arthur Lo as Director, effective from 27 September 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.021 loss per share (vs AU$0.007 loss in FY 2023) Full year 2024 results: AU$0.021 loss per share. Revenue: AU$2.74m (up AU$2.59m from FY 2023). Net loss: AU$1.44m (loss narrowed 76% from FY 2023). New Risk • Mar 01
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$976k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-AU$976k). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m (AU$325k revenue, or US$212k). Market cap is less than US$10m (AU$5.41m market cap, or US$3.52m). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding). Announcement • Oct 06
Douugh Limited, Annual General Meeting, Nov 28, 2023 Douugh Limited, Annual General Meeting, Nov 28, 2023. Reported Earnings • Oct 05
Full year 2023 earnings released: AU$0.007 loss per share (vs AU$0.016 loss in FY 2022) Full year 2023 results: AU$0.007 loss per share (improved from AU$0.016 loss in FY 2022). Net loss: AU$6.05m (loss narrowed 48% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.066 loss per share (vs AU$0.016 loss in FY 2022) Full year 2023 results: AU$0.066 loss per share. Net loss: AU$6.05m (loss narrowed 48% from FY 2022). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.7m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m (AU$589k revenue, or US$382k). Market cap is less than US$10m (AU$6.34m market cap, or US$4.11m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (25% increase in shares outstanding). Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.011 loss in 1H 2022) First half 2023 results: AU$0.005 loss per share (improved from AU$0.011 loss in 1H 2022). Revenue: AU$9.5k (down 95% from 1H 2022). Net loss: AU$4.48m (loss narrowed 37% from 1H 2022). Announcement • Dec 01
Douugh Limited Announces the Resignation of Steve Bellotti as Non-Executive Director Douugh Limited announced that on completion of the AGM on November 30, 2022, Mr. Steve Bellotti opted to continue as a non-executive director of the company, effective from November 30, 2022. Mr. Steve Bellotti and his family have moved overseas making it increasingly difficult to meet commitments to the company. Announcement • Oct 10
Douugh Limited, Annual General Meeting, Nov 30, 2022 Douugh Limited, Annual General Meeting, Nov 30, 2022, at 14:00 W. Australia Standard Time. Location: 642 Newcastle Street, Leederville, Western Australia WA Australia Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.016 loss per share (vs AU$0.026 loss in FY 2021) Full year 2022 results: AU$0.016 loss per share (up from AU$0.026 loss in FY 2021). Revenue: AU$4.49m (up AU$4.46m from FY 2021). Net loss: AU$11.6m (loss narrowed 14% from FY 2021). Announcement • Jul 30
Douugh Limited Announces Board Changes Douugh Limited announced that Ms. Leanne Graham has made the decision to step down as a Non-Executive Director effective July 29, 2022. Announcement • Mar 04
Douugh Limited Announces Resignation of Patrick Tuttle as Non-Executive Director Douugh Limited announced that due to increasing commitments and heavy workload Mr. Patrick Tuttle is no longer able to commit the required time and has therefore resigned as Non-Executive Director effective Feb. 28, 2022. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.026 loss per share (vs AU$0.003 loss in FY 2020) Full year 2021 results: Net loss: AU$13.5m (loss widened AU$12.2m from FY 2020). Announcement • Aug 26
Douugh Launches Integrated Commission-Free Wealth Management Service Douugh announced the launch of Douugh Wealth, which democratizes access to investment solutions by combining human expertise and state of the art technology integrated into its smart bank account. Douugh Wealth Portfolio Jars offer investment solutions for personal investing goals so customers — whether first-time or seasoned investors — can live financially healthier lives and grow their long-term wealth in an appropriate, low-cost, diversified portfolio based on their risk appetite for each of their long-term savings goals. Douugh Wealth's unique combination of human expertise and technology puts customers' financial goals at the center of the investment strategy to help get them through good times and bad by seeking to minimize market risks and maximize returns, all with no brokerage or management fees. As part of its core mission, Douugh educates customers how to manage and grow their money in a responsible way by investing and committing to long-term wealth goals. Douugh's unique approach to financial management provides a holistic and consolidated dashboard for everything from budgeting to investing in one app, putting customers' finances on autopilot so they can enjoy financial freedom. To reinforce good money habits and financial literacy, Douugh will provide regular updates and alerts that help educate customers about principles like compounding, diversification, asset allocation and risk management, while gamifying the investment process. Announcement • Jan 08
Douugh Limited (ASX:DOU) entered into binding term sheet to acquire 100% stake in Goodments Pty Ltd for AUD 1.5 million. Douugh Limited (ASX:DOU) entered into binding term sheet to acquire 100% stake in Goodments Pty Ltd for AUD 1.5 million on January 6, 2021. CEO and founder of Goodments Pty Ltd Tom Culver will join Douugh Limited. The transaction is subject to approval by regulatory board/committee, consummation of due diligence investigation, subject to shareholder approval and third party approval needed. Announcement • Dec 30
Douugh Limited, Annual General Meeting, Jan 29, 2021 Douugh Limited, Annual General Meeting, Jan 29, 2021, at 14:00 AUS Eastern Standard Time. Location: Level 4, 17-19 Bridge Street Sydney New South Wales Australia Agenda: To discuss Adoption of Remuneration Report; to discuss Re-Election of Director Mr. Steve Bellotti; to discuss Approval of 7.1A Mandate; to discuss appointment of Auditor; to discuss removal of Auditor; and to discuss Adoption of Performance Rights Plan. Announcement • Dec 02
Douugh Limited announced that it expects to receive AUD 12 million in funding from Humm Group Limited Douugh Limited (ASX:DOU) announced a private placement of 54,545,455 shares at a price of AUD 0.22 for gross proceeds of AUD 12,000,000 on December 1, 2020. The transaction will include participation from new investor Humm Group Limited (ASX:HUM) for AUD 2,500,000 and other investors. The transaction is expected to close on December 7, 2020. Announcement • Nov 18
Neobank Douugh Launches in the Us Douugh Ltd. announced the official launch of its financial wellness app. Having forged a strategic partnership with Mastercard, Douugh has been in beta with select US consumers since early-2019 and is now officially launching to the wider market. Financial wellness is one of the biggest challenges America faces. AWall Street Journal/NBC News poll conducted in April 2020 showed that voters age 18 to 34 were most likely to suffer an economic blow, like losing health insurance or getting a pay cut, because of the COVID crisis. To add, in a GOBankingRates 2019 survey nearly 70% of adults from across the US said they have less than $1,000 in a savings account compared with 58% in 2018. With a mission to democratize banking and make the world financially healthier, Douugh offers an FDIC-insured smart bank account and Mastercard/Apple Pay enabled debit card. The app applies artificial intelligence and machine learning to a user’s personal income and spending data to tailor an individual financial solution that helps users spend wisely, save more and build wealth. The launch also marks the introduction of Douugh’s industry-first Bills Jar feature with a linked virtual card, which helps users track and cover their fixed and recurring outgoing expenses. Users also have the ability to connect their existing bank, investment accounts and credit cards to get a single view of their financial position through open banking. 
