Announcement • Aug 01
BirdDog Technology Limited (ASX:BDT) announces an Equity Buyback for 97,627,774 shares, representing 60.46% for AUD 6.83 million. BirdDog Technology Limited (ASX:BDT) announces a share repurchase program. Under the program, the company will repurchase up to 97,627,774 shares, representing 60.46% of the total outstanding capital for AUD 6.83 million. The shares will be repurchased at a price of AUD 0.07 per share. The purpose of program is delisting of company's share from Australian Securities Exchange. The program will be funded by existing cash reserves of the Company. The company has set July 29, 2025 as record date for the offer. The program will close on August 19, 2025. New Risk • Apr 07
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 22% 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 (22% average weekly change). Market cap is less than US$10m (AU$7.43m market cap, or US$4.49m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-AU$9.9m). Announcement • Apr 07
BirdDog Technology Limited (ASX:BDT) announces an Equity Buyback for 97,627,774 shares, representing 60.5% for AUD 4.88 million. BirdDog Technology Limited (ASX:BDT) announces a share repurchase program. Under the program, the company will repurchase up to 97,627,774 shares, representing 60.5% of the total outstanding capital for AUD 4.88 million. The shares will be repurchased at a price of AUD 0.05 per share. The purpose of program is delisting of company's share from Australian Securities Exchange. The company has set May 21, 2025 as record date for the offer. The repurchase program is subject to shareholder's approval at company's extraordinary general meeting. The program will close on June 12, 2025. New Risk • Mar 01
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$9.9m This is considered a minor 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 Market cap is less than US$10m (AU$5.81m market cap, or US$3.61m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$9.9m). Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Feb 26
BirdDog Technology Limited to Report First Half, 2025 Results on Feb 28, 2025 BirdDog Technology Limited announced that they will report first half, 2025 results on Feb 28, 2025 New Risk • Jan 31
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: Major Risk Market cap is less than US$10m (AU$6.14m market cap, or US$3.81m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Dec 09
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 Market cap is less than US$10m (AU$11.3m market cap, or US$7.28m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Board Change • Nov 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman John Dixon was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 23
BirdDog Technology Limited to Report Q1, 2025 Results on Oct 29, 2024 BirdDog Technology Limited announced that they will report Q1, 2025 results on Oct 29, 2024 Announcement • Oct 01
BirdDog Technology Limited, Annual General Meeting, Nov 26, 2024 BirdDog Technology Limited, Annual General Meeting, Nov 26, 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.087 loss per share (vs AU$0.027 loss in FY 2023) Full year 2024 results: AU$0.087 loss per share (further deteriorated from AU$0.027 loss in FY 2023). Revenue: AU$19.4m (down 33% from FY 2023). Net loss: AU$16.9m (loss widened 203% from FY 2023). Announcement • Aug 28
BirdDog Technology Limited to Report Fiscal Year 2024 Results on Aug 29, 2024 BirdDog Technology Limited announced that they will report fiscal year 2024 results on Aug 29, 2024 New Risk • Apr 30
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 18% 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 (18% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$16.0m market cap, or US$10.5m). Announcement • Feb 22
BirdDog Technology Limited to Report Q2, 2024 Results on Feb 27, 2024 BirdDog Technology Limited announced that they will report Q2, 2024 results on Feb 27, 2024 New Risk • Jan 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.1m (US$9.91m) 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 Earnings have declined by 62% per year over the past 5 years. Market cap is less than US$10m (AU$15.1m market cap, or US$9.91m). Announcement • Jan 29
Birddog Technology Limited Announces Appointment of Alan Sparks to Its Board of Directors as Non-Executive Director BirdDog Technology Limited announces appointment of Alan Sparks to its Board of Directors as a non-executive director effective 29 January 2024. This appointment is part of the Company's Board renewal strategy focussed on BirdDog business matter experts, greater independence, governance and new market expertise. Alan is currently serving as the Chair of an online IT and consumer electronics retailer and as the Chair of Pacificomm Group Ltd, a Pacific consumer electronics distributor. Previous executive roles include as CEO of Cellnet Group Ltd. (formerly on the ASX), Senior Vice President at Philips Consumer Electronics (APMEA), President of Carrier Corporation Asia Pacific and Vice President at Belkin Asia Pacific. With an extensive understanding of IT, global manufacturing, logistics businesses, governance and emerging technologies, Alan has deep connections throughout Asia Pacific. Alan has served on multiple boards and is armed with high-calibre commercial acumen, providing valuable insights into the trends shaping the Information Technology markets. Announcement • Sep 28
BirdDog Technology Limited, Annual General Meeting, Nov 24, 2023 BirdDog Technology Limited, Annual General Meeting, Nov 24, 2023. Reported Earnings • Aug 30
Full year 2023 earnings released: AU$0.027 loss per share (vs AU$0.012 loss in FY 2022) Full year 2023 results: AU$0.027 loss per share (further deteriorated from AU$0.012 loss in FY 2022). Revenue: AU$30.6m (down 20% from FY 2022). Net loss: AU$5.57m (loss widened 173% from FY 2022). New Risk • Aug 29
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 Risk Earnings have declined by 53% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$25.8m market cap, or US$16.6m). Announcement • Aug 21
BirdDog Technology Limited to Report Fiscal Year 2023 Results on Aug 29, 2023 BirdDog Technology Limited announced that they will report fiscal year 2023 results on Aug 29, 2023 New Risk • Jul 13
New major risk - Revenue and earnings growth Earnings have declined by 53% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$23.8m market cap, or US$16.2m). Buying Opportunity • Jul 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be AU$0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 23% in the next 2 years. Reported Earnings • Mar 04
First half 2023 earnings released: AU$0.004 loss per share (vs AU$0.006 loss in 1H 2022) First half 2023 results: AU$0.004 loss per share. Revenue: AU$15.5m (down 36% from 1H 2022). Net loss: AU$862.0k (loss widened 14% from 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Global Tech industry. Announcement • Nov 18
BirdDog Technology Limited (ASX:BDT) announces an Equity Buyback for 20,461,538 shares, representing 10% for AUD 2 million. BirdDog Technology Limited (ASX:BDT) announces a share repurchase program. Under the program, the company will repurchase up to 20,461,538 shares, representing 10% of its issued share capital for AUD 2 million. The program is part of the company’s capital management strategy. The program is valid till December 13, 2023. As of November 18, 2022, the company had 204,615,385 shares issued and outstanding. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Co-founder, MD, CEO & Director Dan Miall is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 26
BirdDog Technology Limited to Report Q1, 2023 Results on Oct 31, 2022 BirdDog Technology Limited announced that they will report Q1, 2023 results on Oct 31, 2022 Board Change • Oct 05
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Co-founder, MD, CEO & Director Dan Miall is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
BirdDog Technology Limited, Annual General Meeting, Nov 28, 2022 BirdDog Technology Limited, Annual General Meeting, Nov 28, 2022. Agenda: To discuss re-election and appointment of directors. Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.012 loss per share (vs AU$0.007 profit in FY 2021) Full year 2022 results: AU$0.012 loss per share (down from AU$0.007 profit in FY 2021). Revenue: AU$38.7m (flat on FY 2021). Net loss: AU$2.04m (down 251% from profit in FY 2021). Announcement • Jul 28
BirdDog Technology Limited to Report Q4, 2022 Results on Jul 29, 2022 BirdDog Technology Limited announced that they will report Q4, 2022 results Pre-Market on Jul 29, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 27
First half 2022 earnings released First half 2022 results: Revenue: (flat on 1H 2021). Net income: (flat on 1H 2021). Profit margin: (in line with 1H 2021). Over the next year, revenue is forecast to grow 15%, compared to a 8.0% growth forecast for the industry in Australia.