New Risk • 4h
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.7m (US$9.80m) 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 Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Shares are highly illiquid. High level of non-cash earnings (32% accrual ratio). Market cap is less than US$10m (AU$13.7m market cap, or US$9.80m). Board Change • Apr 29
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. Chairman of the Board Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 20
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. Chairman of the Board Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Shares are highly illiquid. High level of non-cash earnings (32% accrual ratio). Minor Risk Market cap is less than US$100m (AU$19.3m market cap, or US$13.7m). 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. 6 non-independent directors. Non-Executive Director Jason Conroy 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. Board Change • Jan 13
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. 6 non-independent directors. Non-Executive Director Jason Conroy 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. Board Change • Nov 28
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. 6 non-independent directors. Non-Executive Director Jason Conroy 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. Duyuru • Nov 25
Energy Action Limited, Annual General Meeting, Nov 25, 2025 Energy Action Limited, Annual General Meeting, Nov 25, 2025. Reported Earnings • Sep 30
Full year 2025 earnings released: EPS: AU$0.052 (vs AU$0.019 in FY 2024) Full year 2025 results: EPS: AU$0.052 (up from AU$0.019 in FY 2024). Revenue: AU$12.2m (up 13% from FY 2024). Net income: AU$2.03m (up 247% from FY 2024). Profit margin: 17% (up from 5.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Full year 2025 earnings released: EPS: AU$0.052 (vs AU$0.019 in FY 2024) Full year 2025 results: EPS: AU$0.052 (up from AU$0.019 in FY 2024). Revenue: AU$12.8m (up 19% from FY 2024). Net income: AU$2.03m (up 247% from FY 2024). Profit margin: 16% (up from 5.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 41% 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. Chairman of the Board Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 19
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. Interim Chairman of the Board Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 19
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. Interim Chairman of the Board Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 16
Energy Action Limited Announces Board and Committee Changes Energy Action Limited announced that after more than ten years in the role, Mr. Murray Bleach will be retiring as Board Chair from 16 April 2025. However, Mr. Bleach will continue on the Board as a non-executive director. The Board has elected current independent, non-executive director Ms. Caroline Wykamp to succeed Mr. Bleach as interim Board Chair while the Board undertakes a search for an additional director and expects to announce an appropriate addition to the Board in the coming months. The Company is actively engaged in succession planning and ensuring that the composition and skill set of the Board supports EAX's future strategy and operations. Ms. Wykamp was appointed as a director on 1 September 2023 and will assume the Chairperson position from 16 April 2025. Ms. Wykamp is an experienced executive and authority in energy markets with over 25 years in the industry. She has expertise in leadership, wholesale energy market, and renewable energy. She has previously held senior leadership roles at Hydro Tasmania, Origin Energy and was Chief Executive Officer of Marinus Link. In parallel with the Board changes above, Ms Wykamp will step down from her roles as Committee Chair of the Audit and Risk Management Committee and the Remuneration and Nomination Committee, however, will remain as a member on these Committees. Mr. Bleach will become the new Chair of the Audit and Risk Management Committee, and current non- executive Director Mr. Paul Meehan will become the new Chair for the Remuneration and Nomination Committee. Board Change • Mar 20
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 05
CEO & Executive Director recently bought AU$71k worth of stock On the 28th of February, Derek Myers bought around 204k shares on-market at roughly AU$0.35 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Derek's only on-market trade for the last 12 months. Board Change • Feb 28
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 30
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 05
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 02
Energy Action Limited, Annual General Meeting, Nov 21, 2024 Energy Action Limited, Annual General Meeting, Nov 21, 2024. New Risk • Oct 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (AU$13.3m market cap, or US$9.13m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (29% increase in shares outstanding). Duyuru • Sep 24
Energy Action Limited Announces CEO Changes, Effective 1 October 2024 Energy Action Limited announced the appointment of Mr. Derek Myers as Chief Executive Officer (CEO), commencing 1 October 2024. Derek Myers will be succeeding Bruce Macfarlane, who has served as Interim CEO since 2021. Derek Myers brings extensive expertise in the energy consulting sector, having previously built and led Beond Group in the UK. Under his leadership, Beond Group was successfully sold to eEnergy in December 2020. Before Beond, Mr. Myers established his business foundations working with Macquarie Bank and Accenture and studied for an MBA at the Australian Graduate School of Management. Mr. Myers has served on the Energy Action Board of Directors since June 2023 and partially underwrote the share rights issue completed in June 2024. Derek Myers has been working closely with Bruce Macfarlane and senior management, assisting the business in developing its sales and performance strategies. Mr. Myers will take up the CEO role on a permanent basis. The Board believes that his deep understanding of the energy sector and hands-on involvement with the Company position him well to drive Energy Action's growth and strategy moving forward. Bruce Macfarlane has been a member of the Board since February 2021 and is a significant shareholder. He stepped into the Interim CEO role in September 2021, providing leadership during a critical period for the Company. Under his guidance, Energy Action has made significant steps to stabilise and grow the business, including improvements in operational performance, cost management, and profitability. Moving forward, Mr. Macfarlane will be focusing on revenue initiatives, ensuring his ongoing contribution to Energy Action. The Board extends its gratitude to Mr. Macfarlane for his leadership and contributions over the last three years and looks forward to his continued involvement with the Company. Over the past 12 months, Bruce Macfarlane and Derek Myers have worked closely together in uplifting Energy Action's performance. The Board is confident that this transition will further enhance Energy Action's results and position the Company for continued growth and success. Mr. Myers' appointment aligns with Energy Action's strategic goals of driving sustainable, profitable growth while focusing on its core services of energy and emissions procurement and management, supported by technology innovation. Duyuru • Sep 16
Energy Action Limited Announces Company Secretary Changes Energy Action Limited announced that Kimberly Sue, from Company Matters, has been appointed as Company Secretary effective September 16, 2024. Dray Andrea will step down as Company Secretary, effective 16 September 2024. Board Change • Apr 29
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 18
Energy Action Limited has filed a Follow-on Equity Offering in the amount of AUD 1.003787 million. Energy Action Limited has filed a Follow-on Equity Offering in the amount of AUD 1.003787 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,229,377
Price\Range: AUD 0.2
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,789,556
Price\Range: AUD 0.2
Transaction Features: Rights Offering Board Change • Mar 21
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (AU$6.78m market cap, or US$4.40m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (12% increase in shares outstanding). Board Change • Dec 21
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 05
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 13
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 20
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 Caroline Wykamp was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 05
Energy Action Limited Appoints Gregory Tamvakellis as Chief Financial Officer Energy Action Limited announced that Mr.Gregory Tamvakellis has been appointed as the new Chief Financial Officer (CFO). Greg Tamvakellis will commence his CFO role from 4 September 2023 having worked with the previous CFO, Simon Smith, to ensure a smooth transition and comprehensive handover of responsibilities. Greg Tamvakellis has been with Energy Action Limited since May 2021, most recently in the role of Financial Controller. Prior to his roles in EAX, Greg was a Financial Controller within Australian Wool Network, a large unlisted Australian company, commencing in 2011 across 8.5 years he was involved in delivering growth for the business through implementing key strategies, improved reporting functions and change management. Prior to this he has gained experience working at various firms in both business services and audit, servicing clients in a variety of industries. Greg Tamvakellis holds a Bachelor of Business (Accounting) from the University of Western Sydney and is a member of the Institute of Chartered Accountants Australia & New Zealand. Duyuru • Sep 02
Energy Action Limited, Annual General Meeting, Nov 09, 2023 Energy Action Limited, Annual General Meeting, Nov 09, 2023. Duyuru • Sep 01
Energy Action Limited Appoints Caroline Wykamp as A Non-Executive Director to the Board of Directors Energy Action Limited announced the appointment of Ms. Caroline Wykamp as a Non-Executive Director to the Board of Directors. Caroline Wykamp is the Chief Executive Officer of Marinus Link, a proposed 1500-megawatt capacity high voltage direct current (HVDC) electricity interconnector between Tasmania and Victoria, Australia. She has been working as the Chief Executive Officer for Marinus Link since January 2023. Ms. Wykamp is an experienced executive and authority in energy markets with over 25 years in the industry. She has expertise in leadership, wholesale energy markets, and renewable energy. She has previously held senior leadership roles at Hydro Tasmania, Momentum Energy and Origin Energy. Ms. Wykamp has a Bachelor of Applied Science from Charles Sturt University and is a graduate of the Australian Institute of Company Directors (GAICD). Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.011 loss per share (vs AU$0.10 loss in FY 2022) Full year 2023 results: AU$0.011 loss per share (improved from AU$0.10 loss in FY 2022). Revenue: AU$11.5m (up 11% from FY 2022). Net loss: AU$298.5k (loss narrowed 90% from FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Sep 01
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 Derek Myers was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 17
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 Derek Myers was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% 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 Shares are highly illiquid. Negative equity (-AU$633k). Earnings have declined by 1.9% per year over the past 5 years. Market cap is less than US$10m (AU$6.02m market cap, or US$4.03m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Duyuru • Jun 27
Energy Action Limited Announces Resignation of Simon Smith. Simon as Chief Financial Officer Energy Action Limited announced the resignation of its Chief Financial Officer, Simon Smith. Simon will stay with Energy Action until late September 2023. Duyuru • Jun 22
Energy Action Limited Appoints Derek Myers as Non-Executive Director to Its Board Energy Action Limited announced the appointment of Mr. Derek Myers as a Non-Executive Director to the Board of Directors. Derek founded Beond Group in 2003 and was its Chief Executive Officer. In December 2020, the Beond Group was acquired by eEnergy (LON:EAAS) . Mr. Myers served as Non-Executive Director of eEnergy until he resigned in May 2023. Previously, Derek was the Managing Director of iVentures Capital, an investment vehicle that raisedfunds to invest in and manage energy market businesses. Derek has previously worked as a Strategy Consultant at Accenture and a Futures Trader at Macquarie Bank, trading, inter alia, energy products. Mr. Myers is a resident of the United Kingdom. Board Change • Jun 21
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. 3 non-independent directors. Interim CEO & Executive Director Bruce Macfarlane 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 • Feb 26
First half 2023 earnings released: AU$0.015 loss per share (vs AU$0.013 loss in 1H 2022) First half 2023 results: AU$0.015 loss per share (further deteriorated from AU$0.013 loss in 1H 2022). Revenue: AU$6.02m (up 5.8% from 1H 2022). Net loss: AU$407.5k (loss widened 20% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Board Change • Jan 16
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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
Full year 2022 earnings released: AU$0.10 loss per share (vs AU$0.037 loss in FY 2021) Full year 2022 results: AU$0.10 loss per share (further deteriorated from AU$0.037 loss in FY 2021). Revenue: AU$10.4m (down 28% from FY 2021). Net loss: AU$2.84m (loss widened 184% from FY 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Board Change • Sep 30
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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.10 loss per share (vs AU$0.037 loss in FY 2021) Full year 2022 results: AU$0.10 loss per share (down from AU$0.037 loss in FY 2021). Revenue: AU$10.4m (down 28% from FY 2021). Net loss: AU$2.84m (loss widened 184% from FY 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Duyuru • Sep 01
Energy Action Limited, Annual General Meeting, Nov 09, 2022 Energy Action Limited, Annual General Meeting, Nov 09, 2022. Agenda: Annual General Meeting. Board Change • Sep 01
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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jul 30
Energy Action Limited to Report Fiscal Year 2022 Results on Aug 31, 2022 Energy Action Limited announced that they will report fiscal year 2022 results on Aug 31, 2022 Board Change • Jul 21
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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 09
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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 28
Energy Action Limited Announces Chief Financial Officer Changes Energy Action Limited announced the appointment of Simon Smith as Chief Financial Officer (CFO). Simon will join Energy Action in May 2022. Simon Smith is an experienced ASX/TSX Chief Financial Officer and Company Secretary. A key executive in leadership and strategy execution within growth-driven companies, Simon has managed the implementation of over $500M in capital raisings (debt and equity) and IPOs. Simon will liaise with the existing CFO, Tracy Bucciarelli, to ensure a smooth transition and comprehensive handover of responsibilities. Simon Smith is currently the Chief Financial Officer and Company Secretary of Heron Resources Ltd. having held that position since 2012. He was also the founder of CFO Source from 2004 to 2012. Duyuru • Apr 06
CleanPeak Energy Retail Pty Ltd entered into an agreement to acquire Embedded Networks Business of Energy Action Limited (ASX:EAX) for $0.11 million. CleanPeak Energy Retail Pty Ltd entered into an agreement to acquire Embedded Networks Business of Energy Action Limited (ASX:EAX) for $0.11 million on April 5, 2022. Board Change • Mar 21
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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 18
Energy Action Limited to Report First Half, 2022 Results on Feb 25, 2022 Energy Action Limited announced that they will report first half, 2022 results on Feb 25, 2022 Duyuru • Feb 08
Energy Action Limited Announces the Resignation of Tracy Bucciarelli as Chief Financial Officer Energy Action Limited announced the resignation of its Chief Financial Officer - Tracy Bucciarelli. Tracy initially joined Energy Action in August 2015 and has resigned to pursue other opportunities. Tracywill continue to support the business until her final departure date of 6th May 2022. Board Change • Jan 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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Oct 03
Independent Non-Executive Director Nitin Singhi has left the company On the 23rd of September, Nitin Singhi's tenure as Independent Non-Executive Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Nitin's name. Nitin is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Sep 02
Full year 2021 earnings released: AU$0.037 loss per share (vs AU$0.096 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: AU$14.4m (down 27% from FY 2020). Net loss: AU$1.00m (loss narrowed 60% from FY 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Board Change • Aug 12
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. 3 non-independent directors. Independent Technical Advisory Board Member Chris Strickland was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 17
Energy Action Limited Provides Earnings Guidance for the Year Ending June 30, 2021 Energy Action Limited provided earnings guidance for the year ending June 30, 2021. While Energy Action experienced year-on-year sales growth of 25% in the first half, the rate of growth has fallen below expectations in the current half. As a result, revenue has declined during the current financial year to April 2021, down 24% when compared to the prior corresponding period. This was driven by a 49% reduction in average energy prices during the financial year to April 2021 when comparing the prior corresponding period, lower than expected auction volumes, expiration of some long-term contracts and contract deferrals due to the pandemic. As a result, the Company now expects to report an operating loss for FY21 in the range of between $0.5 million and $1 million. This compares to an operating profit of $0.02 million for FY20 and represents a significant decrease from the previous corresponding period. Duyuru • Feb 18
Energy Action Limited to Report First Half, 2021 Results on Feb 25, 2021 Energy Action Limited announced that they will report first half, 2021 results on Feb 25, 2021 Duyuru • Feb 11
Energy Action Limited announced that it expects to receive AUD 0.3 million in funding Energy Action Limited (ASX:EAX) announced that it has entered into a binding subscription agreement with Bruce Duncan Macfarlane and Linda Ann Millar for a private placement of 1,034,483 fully paid ordinary shares at an issue price of AUD 0.29 per share for gross proceeds of AUD 300,000 on February 9, 2021. As a part of the transaction, Bruce Macfarlane will be appointed to the board at the completion of subscription agreement and after the release of the 2021 half-year results, subject to Macfarlane and any of their associates maintaining a minimum shareholding of 10%. Post to the transaction, Macfarlane will have acquired a relevant interest in 2,937,786 shares, a maximum voting power in the company of approximately 10.48%. The transaction is expected to close on February 26, 2021. Duyuru • Feb 09
Energy Action Limited Names Bruce Macfarlane as Non-Executive Director Energy Action Limited announced the appointment of Bruce Macfarlane as Non-executive director of the Company. Bruce MacFarlane is one of the founders of BidEnergy and was instrumental in structuring their information architecture and services, so brings a deep understanding of the energy services markets and systems to the board. Over the past year, Bruce has been working with Energy Action in Solution Design where he assisted to recruit Energy Action s new software engineering team and reduce the Company s technology cost base. Is New 90 Day High Low • Nov 27
New 90-day high: AU$0.33 The company is up 10.0% from its price of AU$0.29 on 28 August 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Professional Services industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 24
New 90-day high: AU$0.32 The company is up 37% from its price of AU$0.23 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 11% over the same period. Duyuru • Sep 24
Energy Action Launches Solar Auctions Energy Action has announced the launch of the Energy Action Solar Auction, an innovative new solar procurement solution that further strengthens Energy Action's leadership in commercial energy procurement. The Energy Action Solar Auction allows the Company to grow its presence in solar energy procurement to meet growing demand from businesses, with commercial solar now the fastest growing sector for solar installation nationwide. The Energy Action Solar Auction will be enabled by an exclusive white-label agreement with technology platform, Beam Solar, that has streamlined and commoditised the procurement of commercial solar. The Energy Action Solar Auction will use technology to independently model clients' optimal on-site solar system and requirements, and automate bidding from a panel of more than 15 qualified suppliers for client contracts. Clients can run their solar system procurement process end-to-end through an online portal, and select their preferred contract as an outright purchase, power purchase agreement (PPA), finance or lease.