Duyuru • Aug 23
Buddy Technologies Ltd Announces Resignation of Vicky Allinson as Company Secretary Buddy Technologies Ltd. announced that, on 15 August 2022, Ms. Vicky Allinson resigned from the position of Company Secretary with immediate effect. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.004 loss per share (vs AU$0.02 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$28.8m (down 7.2% from FY 2020). Net loss: AU$12.5m (loss narrowed 72% from FY 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.02 loss in FY 2020) The company reported a solid full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2021 results: Revenue: AU$31.3m (flat on FY 2020). Net loss: AU$6.64m (loss narrowed 85% from FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Duyuru • Apr 28
Buddy Technologies Limited Withdraw Guidance for the Second Half of Fiscal Year 2021 Buddy Technologies Limited withdraw guidance for the second half of fiscal year 2021. For the period, the company determined to withdraw all previous guidance in respect to the Company's second half Fiscal year 2021 revenue and earnings guidance and does not consider it appropriate, at this time, to provide an updated revenue and earnings guidance. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.002 loss per share (vs AU$0.007 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: AU$17.3m (down 19% from 1H 2020). Net loss: AU$5.62m (loss narrowed 62% from 1H 2020). 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 37% per year, which means it is performing significantly worse than earnings. Duyuru • Jan 05
Buddy Technologies Limited announced that it has received $10 million in funding from Partners for Growth Managers, LLC Buddy Technologies Limited (ASX:BUD) announced that it has received $10 million in funding on January 5, 2021. The company received a term loan. The term loan has a maturity date 40 months from funding and an interest date of 12.5% per annum and will be repaid in monthly payments over the term of the loan. The term loan may be prepaid at any time with the payment of a prepayment fee equal to the remaining interest payments owed, discounted back at the U.S. 10-year Treasury rate; and the investor will be issued 62,421,439 fully paid ordinary shares in the company each at an issue price of $0.052, which if sold by the investor, the proceeds from which must pay down the outstanding tranche 2 loan principal on a dollar for-dollar basis. Duyuru • Dec 16
Buddy Technologies Limited Appoints Mr. Alan Sparks as Non-Executive Director Buddy Technologies Limited announced the appointment to its Board of Mr. Alan Sparks. Mr. Sparks is an accomplished senior executive with over 40 years' experience in distribution, retail and technology with a proven track record of growing businesses and improving their efficiency. Mr. Sparks is a member of the South African Institute of Chartered Accountants and a Graduate of the Australian Institute of Company Directors. Duyuru • Dec 11
Buddy Technologies Limited Announces Management Changes Buddy Technologies Limited appointed Ms. Vicky Allinson as Company Secretary, effective from December 11, 2020. Ms. Allinson has over 30 years' accounting, auditing and corporate governance experience, including senior positions in a number of listed companies and audit manager for Deloitte Touche Tohmatsu. In addition, Vicky has gained professional experience while living and working in both Australia and the United Kingdom. Vicky has significant experience acting for ASX listed companies as chief financial officer and/or company secretary, and has also assisted a number of companies to list on the ASX. The company also announced the resignation of Mr. Ben Secrett as Company Secretary, effective from December 11, 2020. Ben is leaving to pursue another opportunity, and does so with the Board's sincere appreciation and best of well wishes for his services to the company. Duyuru • Dec 10
Buddy Technologies Limited, Annual General Meeting, Jan 29, 2021 Buddy Technologies Limited, Annual General Meeting, Jan 29, 2021. Duyuru • Oct 16
Buddy Technologies Limited Announces the Arrival of Three Important New Products Buddy Technologies Limited announced the arrival of three important new products for the Company. LIFX Filament is the long awaited "Edison-style" lamp built upon LIFX's Wi-Fi based smart light platform. Featuring real glass and exposed to view LED "filament" bars, LIFX Filament will be available in three tints of glass - smokey, amber (pictured right) and no tint. LIFX Filament will retail for USD 39.99 /AUD 69.99 and to help
manage what is expected to be very significant demand for this ground-up new product, pre-sales for the amber tint version of LIFX Filament will commence on 19 October and will be limited to two per customer. Duyuru • Oct 14
Buddy Technologies Limited Partners with World-Famous Hsn, Inc. to Carry Lifx Smart Lights On-Air Starting in December 2020 Buddy Technologies Limited announced that it will partner with world-famous HSN Inc. to carry LIFX smart lights on-air starting in December 2020. HSN reaches 92 million homes in North America via two broadcast networks, and is a subsidiary of Qurate Retail Inc., which is the #1 video commerce company in North America, and reaches 380 million homes worldwide via 15 television networks, web properties, mobile web and apps. Duyuru • Oct 13
Buddy Technologies Limited Announces Additional Amazon Alexa & LIFX Bundle Information Buddy Technologies Limited announced that it anticipated record LIFX unit sales from Amazon Prime Day 2020, a 48 hour sales event hosted by Amazon.com Inc. The data supporting this statement follows: Amazon has ordered approximately 1 million LIFX smart lights to support their Prime Day and holiday sales events, of which Prime Day is typically their second biggest of the year. This year for Prime Day, Amazon is bundling LIFX White (retail value of USD 9.99) with devices such as an Amazon Echo Dot (retail value of USD 49.99, combined retail value of USD 59.98) for just USD 18.99. As stated in the 13 October announcement, Amazon Echo Dot has historically been one of the higher selling products across all of Prime Day, when last year Amazon sold in excess of 175 million items in total. Amazon will be promoting the bundle deal using the resources and breadth of reach that it has available to it. The Company has previously announced various orders within which this demand has been supplied. All revenue from lights expected to be sold over Prime Day is accounted for by the Company in the aforementioned announcements, and the Company expects subsequent replenishment orders to backfill sold units. Reported Earnings • Oct 04
Full year earnings released - AU$0.02 loss per share Over the last 12 months the company has reported total losses of AU$45.3m, with losses widening by 65% from the prior year. Total revenue was AU$31.0m over the last 12 months, up 244% from the prior year. Duyuru • Oct 03
Buddy Technologies Limited to Launch at Costco, Lowe's - Tripling US Retail Doors Buddy Technologies Limited announced that big-box retail availability of its LIFX smart lights in the United States is about to significantly expand, with the addition of Lowe's and Costco to its roster of retail partners. Costco is the world's third large retailer and the move to stock LIFX smart lights in the U.S. follows Costco U.K.'s decision to assort LIFX products earlier this year. Costco's business model of stocking a narrow selection of very high quality products (approximately 3,700 per store vs. approximately 140,000 in a typical Walmart Supercenter) is a testament to LIFX's quality, market position, and perceived desirability for Costco customers. Costco will have exclusive LIFX smart light bundles, and will initially commence sales via their online store at Costco.com. Noting that a large portion of Costco's consumer electronics sales are made through their online store, and given the increasing possibility of additional COVID-19 waves towards the end of the year impacting U.S. physical retail store sales, Costco.com is the ideal holiday launch channel for LIFX with this retail partner. Expansion to Costco's nearly 550 U.S. warehouse clubs is expected in 2021. The Company is also pleased to announce that it is in receipt of contracted purchase orders for LIFX smart lights destined for a holiday promotion at all Lowe's 2,200+ stores across the United States. These orders are subsequent to (and thus in addition to) the recently announced AUD 30 million of orders in 30 days. Since Lowe's operates over 2,200 home improvement and hardware stores in North America and is the world's second large hardware chain (after The Home Depot, with annual sales of USD 72 billion), this will cement Lowe's as LIFX's large retailer by number of stores. 