NuZee Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Masa Higashida

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	9.7yrs
CEO ownership	10.4%
Management average tenure	no data
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Masa Higashida's remuneration changed compared to NuZee's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-US$9m
Jun 30 2023	n/a	n/a	-US$9m
Mar 31 2023	n/a	n/a	-US$10m
Dec 31 2022	n/a	n/a	-US$11m
Sep 30 2022	US$300k	US$300k	-US$12m
Jun 30 2022	n/a	n/a	-US$12m
Mar 31 2022	n/a	n/a	-US$13m
Dec 31 2021	n/a	n/a	-US$15m
Sep 30 2021	US$251k	US$230k	-US$19m
Jun 30 2021	n/a	n/a	-US$16m
Mar 31 2021	n/a	n/a	-US$16m
Dec 31 2020	n/a	n/a	-US$12m
Sep 30 2020	US$268k	US$180k	-US$9m
Jun 30 2020	n/a	n/a	-US$7m
Mar 31 2020	n/a	n/a	-US$14m
Dec 31 2019	n/a	n/a	-US$13m
Sep 30 2019	US$300k	US$180k	-US$12m
Jun 30 2019	n/a	n/a	-US$15m
Mar 31 2019	n/a	n/a	-US$6m
Dec 31 2018	n/a	n/a	-US$6m
Sep 30 2018	US$240k	US$180k	-US$4m
Jun 30 2018	n/a	n/a	-US$3m
Mar 31 2018	n/a	n/a	-US$2m
Dec 31 2017	n/a	n/a	-US$2m
Sep 30 2017	US$732k	US$15k	-US$2m

Compensation vs Market: Insufficient data to establish whether Masa's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Masa's compensation has increased whilst the company is unprofitable.

CEO

Masa Higashida (52 yo)

9.7yrs

Tenure

US$300,000

Compensation

Mr. Masateru Higashida, also known as Masa, has been the Chief Executive Officer, Secretary and Treasurer of Nuzee, Inc. since August 19, 2014. Mr. Higashida served as the President of NuZee, Inc. since Ju...

Board Members

Name	Position	Tenure	Compensation	Ownership
Masateru Higashida	Chairman	13.3yrs	US$300.00k	10.41% $ 165.5k
James Jones	Independent Director	4.5yrs	US$107.50k	0.40% $ 6.3k
Kevin Conner	Independent Director	4.5yrs	US$110.00k	0.40% $ 6.3k
David Robson	Independent Director	3.1yrs	US$105.00k	0.40% $ 6.3k
Nobuki Kurita	Independent Director	3.1yrs	US$100.00k	0.40% $ 6.3k

4.5yrs

Average Tenure

60yo

Average Age

Experienced Board: NUZE's board of directors are considered experienced (4.5 years average tenure).

NuZee Management

Management criteria checks 1/4

Key information

Recent management updates

Nuzee, Inc. Announces Resignation of Tracy Ging from Board of Directors, Compensation Committee and Nominating and Corporate Governance Committee

Nuzee, Inc. Appoints Randell Weaver as CFO

NuZee, Inc., Annual General Meeting, Mar 16, 2023

NuZee, Inc. Promotes Marie Franklin to Senior Vice President of Sales and Marketing

High number of new and inexperienced directors

NuZee, Inc., Annual General Meeting, Mar 17, 2022

Recent updates

The Nasdaq Stock Market LLC Determines to Grant NuZee an Extension of Time to Regain Compliance with Nasdaq Listing Rule 5550(b) Until June 14, 2024

NuZee Receives Notice from Nasdaq Regarding Non-Compliance with Nasdaq Listing Rule 5250(c)(1)

NuZee, Inc. announced delayed 10-Q filing

NuZee Announces Receipt of NASDAQ Notification

Full year 2023 earnings released: US$11.95 loss per share (vs US$21.32 loss in FY 2022)

New major risk - Shareholder dilution

NuZee, Inc. has completed a Follow-on Equity Offering in the amount of $1.275 million.

NuZee, Inc. has completed a Follow-on Equity Offering in the amount of $1.275 million.

New major risk - Share price stability

Now 24% undervalued after recent price drop

Nuzee, Inc. Announces Resignation of Tracy Ging from Board of Directors, Compensation Committee and Nominating and Corporate Governance Committee

Nuzee, Inc. Appoints Randell Weaver as CFO

Estimating The Fair Value Of NuZee, Inc. (NASDAQ:NUZE)

Third quarter 2023 earnings released: US$2.63 loss per share (vs US$4.77 loss in 3Q 2022)

Second quarter 2023 earnings released: US$2.80 loss per share (vs US$6.17 loss in 2Q 2022)

First quarter 2023 earnings released: US$3.23 loss per share (vs US$5.45 loss in 1Q 2022)

NuZee, Inc., Annual General Meeting, Mar 16, 2023

Full year 2022 earnings released: US$0.61 loss per share (vs US$1.13 loss in FY 2021)

NuZee, Inc. Expands Coffee Blenders by Introducing Ready-to-Drink Coldpresso Latte Line

NuZee, Inc. Promotes Marie Franklin to Senior Vice President of Sales and Marketing

NuZee Receives Non-Compliance Letter from Nasdaq

Third quarter 2022 earnings released: US$0.14 loss per share (vs US$0.17 loss in 3Q 2021)

NuZee, Inc. has completed a Follow-on Equity Offering in the amount of $3.444 million.

NuZee stock gains ~39% on pricing $3.4M stock offering

Second quarter 2022 earnings released: US$0.18 loss per share (vs US$0.40 loss in 2Q 2021)

High number of new and inexperienced directors

NuZee, Inc. (NasdaqCM:NUZE) entered into an Asset Purchase Agreement to acquire Substantially all of the assets and certain specified liabilities of Dripkit, Inc from Ilana Kruger and Dripkit, Inc. for $8.6 million.

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

NuZee, Inc., Annual General Meeting, Mar 17, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: US$0.17 loss per share (vs US$0.18 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.40 loss per share (vs US$0.18 loss in 2Q 2020)

NuZee appoints Tomoko Toyota as chief marketing officer

NuZee, Inc. has completed a Composite Units Offering.

Independent Director has left the company

NuZee, Inc. Announces Board Appointments

New 90-day low: US$6.98

First quarter 2021 earnings released: US$0.40 loss per share (vs US$0.25 loss in 1Q 2020)

New 90-day low: US$8.95

NuZee, Inc. Announces Executive Resignations

NuZee, Inc., Annual General Meeting, Mar 03, 2021

How Much Of NuZee, Inc. (NASDAQ:NUZE) Do Insiders Own?

New 90-day low: US$9.65

Full year 2020 earnings released: US$0.68 loss per share

NuZee And Farmer Brothers Announce Manufacturing Partnership

New 90-day low: US$13.75

New 90-day low: US$14.43

NuZee, Inc Announces Formation of Sales Advisory Team

Eguchi Holdings Co.,Ltd. completed the acquisition of 70% stake in NuZee JAPAN Co., Ltd. from NuZee, Inc. (NasdaqCM:NUZE) for approximately $0.034 million.

Third quarter earnings released