Announcement • May 02
Delorean Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.196 million. Delorean Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.196 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,400,000
Price\Range: AUD 0.09
Transaction Features: Subsequent Direct Listing Board Change • May 01
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 Surena Mei Ho was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Delorean Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 6.60631 million. Delorean Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 6.60631 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 73,403,446
Price\Range: AUD 0.09 Board Change • Dec 24
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 Surena Mei Ho was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 01
Delorean Corporation Limited, Annual General Meeting, Nov 28, 2025 Delorean Corporation Limited, Annual General Meeting, Nov 28, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.03 loss per share (vs AU$0.022 profit in FY 2024) Full year 2025 results: AU$0.03 loss per share (down from AU$0.022 profit in FY 2024). Revenue: AU$20.4m (down 27% from FY 2024). Net loss: AU$6.55m (down 237% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Surena Mei Ho was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 25
Delorean Corporation Limited Announces the Appointment of Aidan Flynn as Chief Financial Officer Delorean Corporation Limited announced the appointment of Mr. Aidan Flynn as Chief Financial Officer of the Company, following an extensive executive search and recruitment process. Aidan is the second senior executive to join the Company's leadership team this financial year. Aidan will lead and manage the finance function of the Company,including debt financing, treasury requirements, accounting and tax planning/compliance, cashflow management, corporate governance and risk management. Aidan brings over 25 years of comprehensive financial experience, including 18 years in CFO positions and extensive ASX experience blending technical, operational, and strategic acumen. He has a strong background in renewable energy and the construction industry and long standing roles of securing and supporting debt finance for growing companies. Aidan holds a Bachelor of Commerce(Accounting),a Bachelor of Science(Physics),a Post Graduate Diploma in Renewable Energy and a Graduate Diploma of Applied Corporate Governance. He is a Certified Practising Accountant(CPA) and is a Graduate of the Australian Institute of Company Directors(AICD). Board Change • Feb 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Michael Phillip was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Michael Phillip was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 10
Delorean Corporation Limited Appoints Michael Phillip as Non-Executive Director Delorean Corporation Limited advised that it has appointed Michael Phillip as a non-executive director of the Company. Michael is the founding Chief Investment Officer of Tanarra Capital's special situations division. He has
an extensive finance and credit investing background across various industries and continents including successful project financings of Australia's only geological hazardous waste repository and a WA lithium mine. Michael spent 14 years in Asia in investment banks and including 7 years as an Investment Manager with CarVal Investors prior to which he spent 5 years with Westpac in Australia. He has over 25 years of financial markets experience. Michael holds a Masters of Business Administration from the University of California at Berkeley and Bachelor of Engineering in Chemical Engineering from the University of Sydney. New Risk • Oct 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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 Risk Share price has been highly volatile over the past 3 months (31% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (AU$30.8m market cap, or US$20.8m). Reported Earnings • Oct 02
Full year 2024 earnings released: EPS: AU$0.022 (vs AU$0.046 loss in FY 2023) Full year 2024 results: EPS: AU$0.022 (up from AU$0.046 loss in FY 2023). Revenue: AU$27.9m (up 45% from FY 2023). Net income: AU$4.77m (up AU$14.8m from FY 2023). Profit margin: 17% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Full year 2024 earnings released: EPS: AU$0.022 (vs AU$0.046 loss in FY 2023) Full year 2024 results: EPS: AU$0.022 (up from AU$0.046 loss in FY 2023). Revenue: AU$28.3m (up 47% from FY 2023). Net income: AU$4.77m (up AU$14.8m from FY 2023). Profit margin: 17% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Jul 15
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 Earnings have declined by 57% per year over the past 5 years. Market cap is less than US$10m (AU$8.63m market cap, or US$5.85m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Oct 30
Delorean Corporation Limited, Annual General Meeting, Nov 30, 2023 Delorean Corporation Limited, Annual General Meeting, Nov 30, 2023, at 11:00 W. Australia Standard Time. Location: Level 31, Exchange Tower, 2 The Esplanade Perth Australia Agenda: To consider adoption of the Remuneration Report; to consider re-Election of Director Mr. Steve Gostlow; to consider Adoption of Employee Incentive Securities Plan; and to consider approval of 7.1A Mandate. Board Change • Sep 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Steve Gostlow was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.046 loss per share (vs AU$0.058 loss in FY 2022) Full year 2023 results: AU$0.046 loss per share (improved from AU$0.058 loss in FY 2022). Revenue: AU$19.7m (down 50% from FY 2022). Net loss: AU$10.0m (loss narrowed 8.0% from FY 2022). New Risk • Aug 28
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$9.4m free cash flow). Shares are highly illiquid. Earnings have declined by 67% per year over the past 5 years. Market cap is less than US$10m (AU$6.26m market cap, or US$4.01m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Reported Earnings • Feb 25
First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.013 loss in 1H 2022) First half 2023 results: AU$0.005 loss per share (improved from AU$0.013 loss in 1H 2022). Revenue: AU$20.5m (up 16% from 1H 2022). Net loss: AU$1.12m (loss narrowed 51% from 1H 2022). Board Change • Nov 21
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 & Director Joe Oliver is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 05
Full year 2022 earnings released: AU$0.058 loss per share (vs AU$0.038 loss in FY 2021) Full year 2022 results: AU$0.058 loss per share (further deteriorated from AU$0.038 loss in FY 2021). Revenue: AU$39.3m (up 41% from FY 2021). Net loss: AU$10.9m (loss widened 239% from FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Global Renewable Energy industry. Board Change • Sep 26
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 & Director Joe Oliver is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 