Announcement • Apr 30
NOVONIX Limited to Report Q1, 2026 Results on Apr 29, 2026 NOVONIX Limited announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Oct 31
Novonix Appoints Dwayne Johnson as Chief Operating Officer NOVONIX announced the appointment of Dwayne Johnson as Chief Operating Officer. Mr. Johnson brings over 30 years of experience in manufacturing and capital project leadership, with a proven record of driving strategic growth, operational excellence, and continuous improvement across multiple industries. Prior to joining NOVONIX, Mr. Johnson served as Vice President of Strategy, Capital Projects, and Operations at EMT, the largest supplier of manufactured products to the cementitious building products industry. In this role, he led the execution of a five-year strategic growth plan that expanded operations to 10 greenfield manufacturing facilities, oversaw more than $500 million in capital investments, and doubled the company profitability. Mr. Johnson holds both B.S. and M.S. degrees in Chemical Engineering from Case Western Reserve University, where he graduated Magna Cum Laude, as well as an MBA. His extensive background in facility construction, process scale-up, and operational strategy will further advance NOVONIX's mission to build a sustainable and scalable domestic supply chain for battery materials. Announcement • Sep 26
Axon Graphite Limited acquired MD South Tenements Pty Ltd from NOVONIX Limited (ASX:NVX) for AUD 2 million. Axon Graphite Limited acquired MD South Tenements Pty Ltd from NOVONIX Limited (ASX:NVX) for AUD 2 million on September 24, 2025. A cash consideration of AUD 2 million will be paid by Axon Graphite Limited.
Axon Graphite Limited completed the acquisition of MD South Tenements Pty Ltd from NOVONIX Limited (ASX:NVX) on September 24, 2025. Announcement • Sep 10
NOVONIX Limited announced that it has received $95 million in funding from Yorkville Advisors Global LP On September 8, 2025, NOVONIX Limited closed the transaction. The company issued debentures in the principal amount of $35,500,000 at a discount of 5% for gross proceeds of $33,725,000 in its second tranche and issued debenture in the principal amount of $40,000,000 at a discount of 5% for gross proceeds of $38,000,000 in its additional tranche. The transaction has been approved by board of directors of the company. Recent Insider Transactions • Aug 29
Non-Executive Director recently sold AU$163k worth of stock On the 27th of August, Nicholas Liveris sold around 300k shares on-market at roughly AU$0.54 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$612k more than they bought in the last 12 months. Reported Earnings • Aug 23
First half 2025 earnings released: US$0.032 loss per share (vs US$0.059 loss in 1H 2024) First half 2025 results: US$0.032 loss per share (improved from US$0.059 loss in 1H 2024). Net loss: US$20.1m (loss narrowed 30% from 1H 2024). Revenue is forecast to grow 103% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Jun 11
NOVONIX Limited Announces Board Leadership Changes NOVONIX Limited announced the appointment of Mr. Ronald Edmonds as the new Independent Chair of its Board of Directors, effective July 1, 2025. Mr. Edmonds joined the NOVONIX Board in October 2022 and is a seasoned finance leader with extensive experience in leadership roles at Dow Chemical. On August 1, 2024, Mr. Edmonds was appointed to the interim role of Executive Officer Finance, to assist with the transition of the new Chief Financial Officer. This appointment ends on June 30, 2025. Admiral Robert Natter, the current Chair, will continue as a non-executive director and will assume the role of Deputy Chair. In addition, he will serve as a member of both the Audit and Risk Management Committee and the Nominating and Corporate Governance Committee. Mr. Tony Bellas, the current Deputy Chair, will continue as a non-executive director, serving as Chair of the Audit & Risk Management Committee, and a member of both the Remuneration Committee and the Nominating and Corporate Governance Committee. These board leadership changes reflect the Board's ongoing commitment to thoughtful succession planning and long-term stability. Announcement • Apr 28
NOVONIX Limited Announces Chief Executive Officer Changes NOVONIX Limited announced the appointment of Michael O’Kronley as Chief Executive Officer, effective May 19, 2025. With a strong technical foundation in engineering, Mr. O’Kronley brings over 30 years of automotive experience, including 15 years in the Lithium-ion battery and battery materials space. Most recently, Mr. O’Kronley served as Chief Executive Officer of Ascend Elements where he increased the enterprise value of the company by USD 1.6 billion in 5 years. Mr. O’Kronley succeeds Mr. Robert Long, who has served as Interim CEO since January 2025. He will now resume his role as Chief Financial Officer, continuing to play a key role in the Company’s strategic and financial leadership. Announcement • Feb 19
NOVONIX Limited, Annual General Meeting, Apr 02, 2025 NOVONIX Limited, Annual General Meeting, Apr 02, 2025. Board Change • Feb 04
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 1 independent director (5 non-independent directors). Independent Non-Executive Deputy Chairman Tony Bellas is the most experienced director on the board, commencing their role in 2015. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jan 28
NOVONIX Limited has completed a Follow-on Equity Offering in the amount of AUD 52.101623 million. NOVONIX Limited has completed a Follow-on Equity Offering in the amount of AUD 52.101623 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 74,064,647
Price\Range: AUD 0.6
Discount Per Security: AUD 0.024
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,771,392
Price\Range: AUD 0.6
Discount Per Security: AUD 0.024
Transaction Features: Subsequent Direct Listing Announcement • Jan 21
NOVONIX Limited Announces Chief Executive Officer Changes, Effective 24 January 2025 NOVONIX Limited announced the planned transition in the Chief Executive Officer (“CEO”) role, with Dr. Chris Burns stepping down as Chief Executive Officer, effective 24 January 2025. Dr. Burns will continue to support the Company in an advisory capacity, serving as Special Advisor to the Board of Directors (the “Board”), in order to provide continuity, support ongoing operations of the Company and ensure a smooth transition. Dr. Burns has led NOVONIX since September 2020 and has positioned the company for the next phase of growth as it scales up operations at its production facilities in Chattanooga, Tennessee. With significant accomplishments during 2024, NOVONIX plans to begin production from its Riverside facility this year. With Dr. Burns’ stepping down, the Board has commenced a search for a new CEO who will be based at the Company’s headquarters in Chattanooga and will have experience in manufacturing, operations and scale-up to lead the Company into the planned growth in NOVONIX’s synthetic graphite production over the coming years. The Board of Directors has appointed Mr. Robert Long, NOVONIX Chief Financial Officer, to serve as interim CEO, effective 24 January 2025, until a permanent CEO is appointed. Mr. Long will work closely with the Board to ensure a smooth transition and maintain momentum and focus on key strategic goals. Announcement • Dec 31
NOVONIX Limited to Report Q4, 2024 Results on Jan 30, 2025 NOVONIX Limited announced that they will report Q4, 2024 results After-Market on Jan 30, 2025 Board Change • Dec 24
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 1 independent director (5 non-independent directors). Independent Non-Executive Deputy Chairman Tony Bellas is the most experienced director on the board, commencing their role in 2015. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Oct 03
NOVONIX Limited to Report Q3, 2024 Results on Oct 30, 2024 NOVONIX Limited announced that they will report Q3, 2024 results on Oct 30, 2024 Recent Insider Transactions • Sep 20
Director recently sold AU$93k worth of stock On the 16th of September, Nicholas Liveris sold around 162k shares on-market at roughly AU$0.58 per share. This transaction amounted to 9.6% 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. Reported Earnings • Aug 23
First half 2024 earnings released: US$0.059 loss per share (vs US$0.058 loss in 1H 2023) First half 2024 results: US$0.059 loss per share (further deteriorated from US$0.058 loss in 1H 2023). Net loss: US$28.7m (loss widened 2.2% from 1H 2023). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic 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 fallen by 47% per year, which means it is performing significantly worse than earnings. New Risk • Apr 16
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 Risks Less than 1 year of cash runway based on free cash flow trend (-US$55m free cash flow). Earnings have declined by 35% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Apr 03
Axon Graphite Limited signed a definitive agreement to acquire Md South Tenements Pty. Ltd. from NOVONIX Limited (ASX:NVX) for approximately AUD 10 million on April 3, 2024. Axon Graphite Limited signed a definitive agreement to acquire Md South Tenements Pty. Ltd. (MDSTPL) from NOVONIX Limited (ASX:NVX) for approximately AUD 10 million on April 3, 2024. As consideration, Axon Graphite issuing 50 million fully paid ordinary shares issued at AUD 0.20 per share to the Seller. The transaction consists of sale of 100 shares in the capital of MDSTPL by NOVONIX to Lithium Energy, comprising 100% of the issued capital of MDSTPL. The acquisition includes 100% interest in the tenements comprising the Mt Dromedary Graphite Project: EPM 17246, EPM 17323 and EPM 26025 (Sub-Blocks D, J, O and S within Normanton 3123 Block) (Mt Dromedary Mining Interests). The transaction is subject to the completion of the parties' due diligence enquiries, regulatory approval, completion of the proposed initial public offering (“IPO”) of Axon, receipt of approval for the admission of Axon to the ASX and all liabilities of Md South Tenements Pty. owed to the Seller being released, forgiven or discharged. Upon completion, Lithium Energy and NOVONIX Limited to merge their adjoining Queensland Graphite Assets into spin-out company namely-Axon Graphite Limited. The transaction is expected to be closed six months from the date of the agreement and one business day after the last of the parties have given their notice of compliance with all of their obligations under the Conditions Precedent, to the other parties. Announcement • Mar 07
NOVONIX Limited, Annual General Meeting, Apr 17, 2024 NOVONIX Limited, Annual General Meeting, Apr 17, 2024, at 09:00 E. Australia Standard Time. Location: Allens, Level 26, 480 Queen Street Brisbane QLD BRISBANE Australia Agenda: To consider Financial Statements and Reports; to consider Remuneration Report (Non-Binding); to consider : Election of Director Mr Suresh Vaidyanathan; to consider Election of Director Ms Sharan Burrow AC; to consider Issue of FY23 Share Rights to Mr Ron Edmonds; to consider Issue of FY24 Share Rights to Admiral Robert Natter; to consider Issue of FY24 Share Rights to Mr Anthony Bellas; to consider Issue of FY24 Share Rights to Phillips 66 Company; to consider Issue of FY24 Share Rights to Ms Jean Oelwang; to consider Issue of FY24 Share Rights to Mr Ron Edmonds; to consider Issue of FY24 Share Rights to Ms Sharan Burrow AC; to consider Issue of FY24 Performance Rights to Mr Nick Liveris; to consider Contingent Business. New Risk • Feb 29
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: -US$55m 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 (-US$55m free cash flow). Earnings have declined by 35% per year over the past 5 years. Reported Earnings • Feb 29
Full year 2023 earnings released: US$0.095 loss per share (vs US$0.12 loss in FY 2022) Full year 2023 results: US$0.095 loss per share (improved from US$0.12 loss in FY 2022). Net loss: US$46.2m (loss narrowed 17% from FY 2022). Revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 30% per year. Announcement • Feb 05
NOVONIX Limited Appoints Sharan Burrow AC to Its Board of Directors, Effective 28 February, 2024 NOVONIX Limited announced the appointment of Sharan Burrow AC to its Board of Directors, effective 28 February, 2024. Sharan Burrow is a global advocate for human rights, climate action, and Just Transition. She is the former General Secretary of the International Trade Union Confederation (2010-2022). Previously she was President of the Australian Council of Trade Unions (20002010). Ms. Burrow is well known for her international advocacy on employment, human rights, industrial relations, corporate responsibility, and climate action with just transition solutions. She has represented workers and civil society groups in global policy discussions in United Nations bodies, on the Governing Body of the International Labour Organisation as well as at the tables of the G7, G20, World Bank, and International Monetary Fund. She has twice been a Co-Chair of the World Economic Forum's Annual Meeting in Davos. Ms. Burrow is currently a Visiting Professor in Practice at the London School of Economics- Grantham Institute, a Vice Chair of the European Climate Foundation, a board member of the Green Hydrogen Association, Co-Chair of the IEA Labour Council, a Commissioner for the Global Commission on Climate Governance, a B Team Leader and formerly Co-chair of 100% Human at Work. Sharan has also been appointed to the Temasek Sustainability Advisory Panel. Announcement • Jan 25
NOVONIX Limited to Report Q4, 2023 Results on Jan 30, 2024 NOVONIX Limited announced that they will report Q4, 2023 results on Jan 30, 2024 Announcement • Dec 20
Daniel Akerson Resigns from NOVONIX Limited Board of Directors NOVONIX Limited announced that Daniel Akerson has resigned from the Company's Board of Directors effective December 20, 2023. Mr. Akerson cited personal reasons for his departure from the Company's board. Mr. Akerson has been a strong contributor to NOVONIX's Board of Directors since 2022, bringing valuable expertise and strategic insights to the organization. During his tenure, he has played a key role in guiding the Company through scaling of its anode materials operation, progressing customer agreements, and has been instrumental in shaping the Company's strategic direction. New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings have declined by 39% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-US$88m free cash flow). Earnings have declined by 39% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Oct 26
NOVONIX Limited to Report Q3, 2023 Results on Oct 26, 2023 NOVONIX Limited announced that they will report Q3, 2023 results at 5:30 PM, Eastern Daylight on Oct 26, 2023 New Risk • Oct 23
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 15% 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 Less than 1 year of cash runway based on free cash flow trend (-US$88m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Recent Insider Transactions • Sep 19
Non-Executive Chairman recently bought AU$296k worth of stock On the 15th of September, Robert Natter bought around 380k shares on-market at roughly AU$0.78 per share. This transaction amounted to 16% 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 buy, Robert has been a net seller over the last 12 months, reducing personal holdings by AU$60k. Announcement • Sep 15
Novonix Limited Provide an Update on Production from Its Proprietary, Continuous Induction Generation 3 Furnaces Novonix Limited provided an update on production from its proprietary, continuous induction Generation 3 Furnaces at its Riverside, Tennessee facility. The Company previously reported its high-performance battery grade synthetic graphite met specification targets from its Furnaces. Production campaigns have been ongoing to provide both operating data and economic insight on this breakthrough technology. In the most recent campaign, material was produced that met all specifications while also reaching the equipment design throughput targets. The Company will continue with production campaigns to collect more operational data and provide mass-production material for sampling to potential customers. The achievement of these milestones highlights the potential of the Company’s continuous induction Furnace technology in meeting production targets at competitive cost while reaching company's high-energy efficiency target with a near zero-emission process. The Company is updating the engineering for both the process equipment and Riverside facility with an increased production target of up to 20,000 tonnes per annum (tpa), compared to the initial target of 10,000 tpa. This updated throughput will support KORE Power and other prospective customers with whom the Company is in discussions about product qualification, production timelines and potential supply agreements. The Company expects engineering work to confirm this full facility re-design to be completed in the first quarter of 2024 which will support the continued deployment of additional mass production equipment for the start of commercial production for KORE Power in late 2024. Announcement • Sep 14
Novonix Limited Announces the Cessation of Zhanna Golodryga as Director Novonix Limited announced the cessation of Zhanna Golodryga as Director, effective September 7, 2023. Announcement • Sep 07
Novonix Limited Announces Board Changes NOVONIX Limited announced the appointment of Suresh Vaidyanathan, Vice President, Emerging Energy for Phillips 66 to its Board of Directors, effective September 6th. Mr. Vaidyanathan replaces outgoing Board member Zhanna Golodryga, Executive Vice President of Emerging Energy of Phillips 66. Pursuant to Phillips 66’s 2021 investment in the Company, Phillips 66 maintains the right to nominate a member to the Board of NOVONIX. Suresh Vaidyanathan is Vice President, Emerging Energy, for Phillips 66. A chemical engineer by training, Mr. Vaidyanathan has more than 30 years of global experience in the downstream oil and gas industry. Prior to assuming his current role in 2023, he served in a variety of refining, technical services, operations and strategy leadership roles across Phillips 66. He started his career at HPCL of India in 1991 (formerly Exxon-Caltex Refining), and later worked in the Fractionation industry with Koch Industries and Sulzer Chemtech in India, Europe and the U.S. Mr. Vaidyanathan holds a master’s degree in chemical engineering from the Indian Institute of Technology (IIT), and an MBA from Southern Methodist University. Reported Earnings • Aug 29
First half 2023 earnings released: US$0.058 loss per share (vs US$0.064 loss in 1H 2022) First half 2023 results: US$0.058 loss per share (improved from US$0.064 loss in 1H 2022). Net loss: US$28.1m (loss narrowed 9.5% from 1H 2022). Revenue is forecast to grow 57% p.a. on average during the next 4 years, compared to a 17% growth forecast for the Electronic 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 only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Jul 22
Novonix Limited's Battery Technology Solutions Division Commissions Zero-Waste Cathode Pilot Line Novonix Limited announced its Battery Technology Solutions division successfully completed the commissioning of its 10 tonnes per annum (TPA) cathode pilot line. The cathode pilot line’s first product, a mid-nickel grade of single-crystal cathode material (“NMC622"), produced using NOVONIX’s patent-pending, all-dry, zero-waste synthesis technology, matches the performance of leading cathode materials from existing suppliers in full-cell testing. NOVONIX will use the pilot line to further demonstrate the manufacturability of the Company’s long-life cathode materials and technology, including high-nickel (NMC811) and cobalt-free materials, along with their performance in industrial format lithium-ion cells. The NMC622 cathode material serves as a platform to expand upon the all-dry process into high-nickel and cobalt-free chemistries, demonstrating the flexibility of the NOVONIX technology across a range of critical cathode materials. The Company previously shared performance data from their all-dry, mid-nickel cathode powder that was built into 1-Ah pouch battery cells, by leveraging their cell prototyping line, and benchmarked against commercial cathode powders of the same chemistry. The data, seen in the figure below, showed that cells containing NOVONIX all-dry, zero-waste cathode powder had similar capacity retention out to 400+ cycles as high-quality, commercial, mid-nickel, single-crystal cathode powders without any ‘finishing’ or surface treatments. Early physical property measurements of mid-nickel cathode powders produced on the 10 tpa pilot line indicate similar, if not superior, expected electrochemical performance from the scaled material. The positive performance results around NMC622 mark a critical step in enabling the Company to proceed with plans to scale larger test samples and begin commercial discussions with potential partners and customers for its cathode technology. Recent Insider Transactions • Jul 07
Non-Executive Chairman recently sold AU$356k worth of stock On the 30th of June, Robert Natter sold around 373k shares on-market at roughly AU$0.95 per share. This transaction amounted to 17% 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 Robert's only on-market trade for the last 12 months. Announcement • Jun 08
Novonix Limited announced that it expects to receive AUD 45.05 million in funding from LG Energy Solution, Ltd. Novonix Limited entered into Unsecured Convertible Note Agreement for the private placement of redeemable unsecured convertible notes for gross proceeds of $30 million (AUD 45.05 million) on June 7, 2023. The transaction will include participation from new investor, LG Energy Solution, Ltd. The notes will have 4% coupon rate and a maturity date of June 7, 2028. The convertible notes will mandatorily convert into ordinary shares upon acceptance of the first purchase order under the purchase agreement, although the investor may elect to convert some or all of the notes prior to such time. No interest would be payable on the notes in these circumstances. The convertible notes may be redeemed or converted on the maturity date, in which case interest is payable in cash or “in-kind” (in the case of conversion). The convertible notes will be issued with a conversion price of AUD 1.60 per common share. Breakeven Date Change • Apr 04
Forecast to breakeven in 2024 The analyst covering Novonix expects the company to break even for the first time. New forecast suggests the company will make a profit of US$41.8m in 2024. Average annual earnings growth of 16% is required to achieve expected profit on schedule. Reported Earnings • Mar 01
First half 2023 earnings released: US$0.057 loss per share (vs US$0.047 loss in 1H 2022) First half 2023 results: US$0.057 loss per share (further deteriorated from US$0.047 loss in 1H 2022). Net loss: US$27.9m (loss widened 33% from 1H 2022). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Charles St Baker was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Oct 29
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Charles St Baker was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Breakeven Date Change • Oct 22
Forecast to breakeven in 2024 The analyst covering Novonix expects the company to break even for the first time. New forecast suggests losses will reduce by 8.0% to 2023. The company is expected to make a profit of AU$65.6m in 2024. Average annual earnings growth of 43% is required to achieve expected profit on schedule. Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.15 loss per share (vs AU$0.049 loss in FY 2021) Full year 2022 results: AU$0.15 loss per share (down from AU$0.049 loss in FY 2021). Net loss: AU$71.4m (loss widened 295% from FY 2021). Over the next year, revenue is forecast to grow 193%, compared to a 56% growth forecast for the Electronic industry in Australia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Jul 09
No longer forecast to breakeven The analyst covering Novonix no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$4.20m in 2024. New forecast suggests the company will make a loss of AU$34.5m in 2024. Reported Earnings • Feb 28
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.065 loss per share (down from AU$0.031 loss in 1H 2021). Net loss: AU$28.8m (loss widened 168% from 1H 2021). Revenue missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 340%, compared to a 116% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 135% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Dec 02
Non-Executive Director Gregory Baynton has left the company On the 30th of November, Gregory Baynton's tenure as Non-Executive Director ended after 9.7 years in the role. As of September 2021, Gregory still personally held 25.29m shares (AU$169m worth at the time). Gregory is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 28
Full year 2021 earnings released: AU$0.049 loss per share (vs AU$0.15 loss in FY 2020) Full year 2021 results: Net loss: AU$18.1m (loss narrowed 9.7% from FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.031 loss per share (vs AU$0.055 loss in 1H 2020) First half 2021 results: Net loss: AU$10.8m (loss widened 53% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 05
New 90-day high: AU$1.41 The company is up 18% from its price of AU$1.20 on 08 October 2020. The Australian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. Announcement • Sep 24
NOVONIX Limited Appoints Chris Burns as Group Chief Executive Officer NOVONIX Limited announced a restructure and recommitment of the Board, major shareholders and Executive leadership designed to maximise leverage of the significant talent and capability available and to best position the Company to secure and deliver on the opportunities ahead. The Company announced the appointment of Dr. Chris Burns as Chief Executive Officer of the NOVONIX Limited group of companies, bearing the title "Group CEO". Chris is the co-founder and CEO of NOVONIX Battery Testing Services Inc. based in Canada and co-developed the breakthrough Ultra-High-Precision-Coulometry (UHPC) technology with Professor Jeff Dahn. He has also been the COO of the NOVONIX group responsible for the PUREgraphite business in the USA and the Battery Technology Solutions (BTS) business in Canada, for the last three years. Announcement • Sep 23
Novonix Limited Auditor Raises 'Going Concern' Doubt Novonix Limited filed its Annual on Sep 21, 2020 for the period ending Jun 30, 2020. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Sep 21
Full year earnings released - AU$0.15 loss per share Over the last 12 months the company has reported total losses of AU$20.0m, with losses narrowing by 23% from the prior year. Announcement • Jun 30
Novonix Limited has completed a Follow-on Equity Offering in the amount of AUD 58.281874 million. Novonix Limited has completed a Follow-on Equity Offering in the amount of AUD 58.281874 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,971,981
Price\Range: AUD 0.29
Discount Per Security: AUD 0.00435
Transaction Features: Rights Offering; Subsequent Direct Listing 
