Duyuru • Aug 04
Atturra Limited, Annual General Meeting, Oct 22, 2026 Atturra Limited, Annual General Meeting, Oct 22, 2026. New Risk • Jul 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$141.4m (US$98.5m) This is considered a minor 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: Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (AU$141.4m market cap, or US$98.5m). Duyuru • Jul 22
Atturra Limited to Report Fiscal Year 2026 Results on Aug 26, 2026 Atturra Limited announced that they will report fiscal year 2026 results on Aug 26, 2026 Reported Earnings • Mar 02
First half 2026 earnings released: AU$0.011 loss per share (vs AU$0.013 profit in 1H 2025) First half 2026 results: AU$0.011 loss per share (down from AU$0.013 profit in 1H 2025). Revenue: AU$180.6m (up 28% from 1H 2025). Net loss: AU$4.00m (down 195% from profit in 1H 2025). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 23% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Feb 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 4.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Significant insider selling over the past 3 months (AU$1.9m sold). Major Estimate Revision • Feb 27
Consensus EPS estimates increase by 18% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.028 to AU$0.033. Revenue forecast steady at AU$367.9m. Net income forecast to grow 30% next year vs 25% growth forecast for IT industry in Australia. Consensus price target down from AU$0.97 to AU$0.95. Share price rose 5.5% to AU$0.58 over the past week. Duyuru • Feb 18
Atturra Limited to Report First Half, 2026 Results on Feb 26, 2026 Atturra Limited announced that they will report first half, 2026 results on Feb 26, 2026 Duyuru • Feb 02
Atturra Limited Announces Company Secretary Changes, Effective February 2, 2026 Atturra Limited announced the appointment of Nina Mlinarevic as Company Secretary, effective February 2, 2026. The company also announced the resignation of Kunal Shah as Company Secretary, effective February 2, 2026. Nina Mlinarevic will be the person responsible for communication with the ASX under ASX Listing Rule 12.6. Major Estimate Revision • Jan 09
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from AU$0.033 to AU$0.028 per share. Revenue forecast steady at AU$367.4m. Net income forecast to grow 17% next year vs 12% growth forecast for IT industry in Australia. Consensus price target down from AU$0.99 to AU$0.97. Share price fell 5.0% to AU$0.66 over the past week. Major Estimate Revision • Dec 20
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from AU$381.6m to AU$370.1m. EPS estimate also fell from AU$0.046 per share to AU$0.038 per share. Net income forecast to grow 49% next year vs 12% growth forecast for IT industry in Australia. Consensus price target down from AU$1.08 to AU$0.99. Share price fell 13% to AU$0.66 over the past week. Price Target Changed • Dec 19
Price target decreased by 7.6% to AU$0.99 Down from AU$1.07, the current price target is an average from 5 analysts. New target price is 51% above last closing price of AU$0.66. Stock is down 39% over the past year. The company is forecast to post earnings per share of AU$0.036 for next year compared to AU$0.026 last year. Reported Earnings • Aug 27
Full year 2025 earnings released: EPS: AU$0.026 (vs AU$0.036 in FY 2024) Full year 2025 results: EPS: AU$0.026 (down from AU$0.036 in FY 2024). Revenue: AU$300.6m (up 24% from FY 2024). Net income: AU$9.10m (down 7.0% from FY 2024). Profit margin: 3.0% (down from 4.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Duyuru • Aug 18
Atturra Limited, Annual General Meeting, Oct 14, 2025 Atturra Limited, Annual General Meeting, Oct 14, 2025. Duyuru • Jul 15
Atturra Limited to Report Fiscal Year 2025 Results on Aug 27, 2025 Atturra Limited announced that they will report fiscal year 2025 results on Aug 27, 2025 Duyuru • Mar 12
Atturra Limited (ASX:ATA) acquired Project Delivery Services, Llc for $6.3 million. Atturra Limited (ASX:ATA) acquired Project Delivery Services, Llc for $6.3 million on March 10, 2025. A cash consideration of $3.15 million will be paid by Atturra Limited. Atturra Limited will pay an earnout/contingent payment of $3.18 million cash.
Atturra Limited (ASX:ATA) completed the acquisition of Project Delivery Services, Llc on March 10, 2025. Price Target Changed • Feb 27
Price target decreased by 9.1% to AU$1.17 Down from AU$1.29, the current price target is an average from 3 analysts. New target price is 29% above last closing price of AU$0.91. Stock is up 0.6% over the past year. The company is forecast to post earnings per share of AU$0.039 for next year compared to AU$0.036 last year. Reported Earnings • Feb 27
First half 2025 earnings released: EPS: AU$0.013 (vs AU$0.011 in 1H 2024) First half 2025 results: EPS: AU$0.013 (up from AU$0.011 in 1H 2024). Revenue: AU$141.3m (up 27% from 1H 2024). Net income: AU$4.21m (up 55% from 1H 2024). Profit margin: 3.0% (up from 2.4% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • Jan 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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. This is currently the only risk that has been identified for the company. Duyuru • Dec 20
Atturra Limited has completed a Follow-on Equity Offering in the amount of AUD 70.5 million. Atturra Limited has completed a Follow-on Equity Offering in the amount of AUD 70.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 29,380,230
Price\Range: AUD 1.05
Discount Per Security: AUD 0.0315
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,762,627
Price\Range: AUD 1.05
Discount Per Security: AUD 0.0315
Transaction Features: Subsequent Direct Listing Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Jonathan Rubinsztein was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 27
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: AU$0.036 (down from AU$0.047 in FY 2023). Revenue: AU$243.4m (up 37% from FY 2023). Net income: AU$9.78m (down 4.5% from FY 2023). Profit margin: 4.0% (down from 5.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the IT industry in Australia. Duyuru • Aug 16
Atturra Limited, Annual General Meeting, Oct 21, 2024 Atturra Limited, Annual General Meeting, Oct 21, 2024. Major Estimate Revision • Mar 03
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.034 to AU$0.027 per share. Revenue forecast steady at AU$238.7m. Net income forecast to grow 28% next year vs 27% growth forecast for IT industry in Australia. Consensus price target broadly unchanged at AU$1.23. Share price rose 2.8% to AU$0.92 over the past week. Reported Earnings • Feb 28
First half 2024 earnings released: EPS: AU$0.011 (vs AU$0.021 in 1H 2023) First half 2024 results: EPS: AU$0.011 (down from AU$0.021 in 1H 2023). Revenue: AU$111.1m (up 34% from 1H 2023). Net income: AU$2.71m (down 38% from 1H 2023). Profit margin: 2.4% (down from 5.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in Australia. Duyuru • Feb 02
Atturra Limited to Report First Half, 2024 Results on Feb 26, 2024 Atturra Limited announced that they will report first half, 2024 results on Feb 26, 2024 Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 21%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from AU$230.0m to AU$236.8m. EPS estimate fell from AU$0.043 to AU$0.034 per share. Net income forecast to grow 1.1% next year vs 20% growth forecast for IT industry in Australia. Consensus price target broadly unchanged at AU$1.25. Share price was steady at AU$0.81 over the past week. Duyuru • Jan 23
Atturra Limited has completed a Follow-on Equity Offering in the amount of AUD 49.991048 million. Atturra Limited has completed a Follow-on Equity Offering in the amount of AUD 49.991048 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 48,688,810
Price\Range: AUD 0.8
Discount Per Security: AUD 0.03
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,800,000
Price\Range: AUD 0.8
Discount Per Security: AUD 0.03
Transaction Features: Rights Offering Major Estimate Revision • Dec 14
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.058 to AU$0.05 per share. Revenue forecast steady at AU$230.0m. Net income forecast to grow 11% next year vs 19% growth forecast for IT industry in Australia. Consensus price target up from AU$1.07 to AU$1.23. Share price was steady at AU$0.79 over the past week. Duyuru • Dec 13
Atturra Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million. Atturra Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 62,500,000
Price\Range: AUD 0.8
Discount Per Security: AUD 0.03
Transaction Features: Rights Offering Major Estimate Revision • Dec 07
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$222.4m to AU$229.8m. EPS estimate increased from AU$0.05 to AU$0.058 per share. Net income forecast to grow 34% next year vs 18% growth forecast for IT industry in Australia. Consensus price target of AU$1.07 unchanged from last update. Share price fell 3.0% to AU$0.80 over the past week. Duyuru • Nov 29
Atturra Limited (ASX:ATA) completed the acquisition of Cirrus Networks Holdings Limited (ASX:CNW) from Microequities Asset Management Pty Limited, H&G High Conviction Limited and others. Atturra Limited (ASX:ATA) entered into a binding scheme implementation deed to acquire Cirrus Networks Holdings Limited (ASX:CNW) from Microequities Asset Management Pty Limited, H&G High Conviction Limited and others for AUD 49.5 million on September 10, 2023. As per the transaction, Cirrus shareholders will receive consideration with a total value of AUD 0.053 per share.Atturra Limited entered into a revised binding scheme implementation deed to acquire Cirrus Networks Holdings Limited from Microequities Asset Management Pty Limited, H&G High Conviction Limited and others for AUD 58.2 million on September 15, 2023. As of September 15, 2023, Atturra revises offer by increasing the total value of Scheme consideration payable from AUD 0.053 per Cirrus share to AUD 0.063 per Cirrus share (Revised Scheme Consideration). The revised scheme consideration is subject to the maximum total cash consideration payable by Atturra not exceeding AUD 44.56 million (Maximum Cash Consideration) and the maximum total Atturra share consideration not exceeding 16.62 million Atturra shares (Maximum Share Consideration). The Revised Scheme remains unconditional on financing. Cash payment of the transaction will be financed from new debt facility of AUD 30 million.The transaction is approved by board of directors of Cirrus Networks Holdings Limited and is subject to shareholders approval of Cirrus Networks Holdings Limited, regulatory approvals, Net Cash is not less than AUD 10 million, on the second court date, not less than 75% of Cirrus Key Managers remain employed by the Cirrus and court approval. The Revised Scheme is unanimously recommended by the Cirrus Board of Directors. The transaction is expected to close on December 13, 2023. The acquisition of Cirrus under the Revised Scheme is still expected to be high single digit EPS accretive for Atturra shareholders in FY24. The transaction was approved by the shareholders of Cirrus and the Supreme Court of New South Wales. The implementation of the scheme is expected to occur on or about December 11, 2023.Moelis Australia Advisory Pty Ltd acted as financial advisor and HWL Ebsworth Lawyers Pty Ltd. acted as legal advisor to Atturra Limited. Latimer Partners Pty Ltd acted as financial advisor and Corrs Chambers Westgarth acted as legal advisor to Cirrus Networks Holdings Limited. Automic Pty Ltd. acted as registrar.Atturra Limited (ASX:ATA) completed the acquisition of Cirrus Networks Holdings Limited (ASX:CNW) from Microequities Asset Management Pty Limited, H&G High Conviction Limited and others on November 27, 2023. Price Target Changed • Oct 27
Price target increased by 7.8% to AU$1.07 Up from AU$0.99, the current price target is an average from 2 analysts. New target price is 30% above last closing price of AU$0.82. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of AU$0.05 for next year compared to AU$0.047 last year. Duyuru • Sep 13
Atturra Limited (ASX:ATA) entered into a binding scheme implementation deed to acquire Cirrus Networks Holdings Limited (ASX:CNW) for AUD . Atturra Limited (ASX:ATA) entered into a binding scheme implementation deed to acquire Cirrus Networks Holdings Limited (ASX:CNW) for AUD on September 11, 2023. As per the transaction, Cirrus shareholders will receive consideration with a total value of AUD 0.053 per share. Cash payment of the transaction will be financed from new debt facility of AUD 30 million. The transaction is approved by board of directors of Cirrus Networks Holdings Limited and is subject to shareholders approval of Cirrus Networks Holdings Limited and court approval. The transaction is expected to close in December 13, 2023. Moelis Australia Advisory Pty Ltd acted as financial advisor and HWL Ebsworth Lawyers Pty Ltd. acted as legal advisor to Atturra Limited. Latimer Partners Pty Ltd acted as financial advisor and Corrs Chambers Westgarth acted as legal advisor to Cirrus Networks Holdings Limited. Major Estimate Revision • Sep 08
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$234.1m to AU$222.4m. EPS estimate also fell from AU$0.069 per share to AU$0.052 per share. Net income forecast to grow 20% next year vs 20% growth forecast for IT industry in Australia. Consensus price target broadly unchanged at AU$0.99. Share price rose 2.9% to AU$0.90 over the past week. Board Change • Sep 06
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. CEO & Executive Director Stephen Kowal is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: AU$0.047 (up from AU$0.041 in FY 2022). Revenue: AU$178.3m (up 33% from FY 2022). Net income: AU$10.2m (up 42% from FY 2022). Profit margin: 5.7% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the IT industry in Australia. Duyuru • Jul 31
Atturra Limited, Annual General Meeting, Oct 06, 2023 Atturra Limited, Annual General Meeting, Oct 06, 2023, at 10:01 E. Australia Standard Time. Price Target Changed • Apr 04
Price target decreased by 10% to AU$0.97 Down from AU$1.08, the current price target is an average from 3 analysts. New target price is 8.1% above last closing price of AU$0.90. Stock is up 28% over the past year. The company is forecast to post earnings per share of AU$0.048 for next year compared to AU$0.041 last year. Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$174.2m to AU$171.4m. EPS estimate also fell from AU$0.052 per share to AU$0.045 per share. Net income forecast to grow 33% next year vs 47% growth forecast for IT industry in Australia. Consensus price target up from AU$0.97 to AU$1.08. Share price fell 3.3% to AU$0.96 over the past week. Price Target Changed • Mar 01
Price target increased by 11% to AU$1.08 Up from AU$0.97, the current price target is an average from 2 analysts. New target price is 11% above last closing price of AU$0.97. Stock is up 55% over the past year. The company is forecast to post earnings per share of AU$0.045 for next year compared to AU$0.041 last year. Reported Earnings • Feb 25
First half 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2023 results: EPS: AU$0.021 (up from AU$0.02 in 1H 2022). Revenue: AU$82.8m (up 34% from 1H 2022). Net income: AU$4.33m (up 46% from 1H 2022). Profit margin: 5.2% (up from 4.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 9.6%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in Australia. Price Target Changed • Jan 18
Price target increased to AU$0.97 Up from AU$0.88, the current price target is an average from 2 analysts. New target price is 7.1% above last closing price of AU$0.91. Stock is up 56% over the past year. The company is forecast to post earnings per share of AU$0.052 for next year compared to AU$0.041 last year. Duyuru • Dec 19
Atturra Limited has completed a Follow-on Equity Offering in the amount of AUD 24.92552 million. Atturra Limited has completed a Follow-on Equity Offering in the amount of AUD 24.92552 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,176,471
Price\Range: AUD 0.85
Discount Per Security: AUD 0.03825
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,671,705
Price\Range: AUD 0.85
Discount Per Security: AUD 0.03825
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,475,965
Price\Range: AUD 0.85
Discount Per Security: AUD 0.03825
Transaction Features: Rights Offering; Subsequent Direct Listing Buying Opportunity • Oct 17
Now 21% undervalued Over the last 90 days, the stock is up 39%. The fair value is estimated to be AU$1.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Duyuru • Sep 13
Atturra Limited Announces CFO Changes Atturra Limited announced that it is to appoint a new Chief Financial Officer, Mr. Herb To, effective from 4 October 2022. Mr. To has over 25 years of professional experience across Australia, North America and the South Pacific. He brings with him strong experience in finance, operations, strategy, M&A, data & analytics, risk and governance. Previously the Finance Director of an ASX-listed microcap, Herb has also held leadership roles at companies including WPP AUNZ, Kantar, Digicel Pacific, Computer Sciences Corporation and Singtel Optus. He commenced his career as an auditor with Arthur Andersen Canada, later joining the Arthur Andersen Economic & Financial Consulting practice in Sydney. Herb is a graduate of the University of Waterloo where he holds a bachelor's degree in Chartered Accountancy Studies, and has a graduate diploma in Applied Finance and Investment from the SecuritiesInstitute of Australia. He is also a Chartered Accountant (Canada), Chartered Professional Accountant (Canada) and a Fellow of the Financial Services Institute of Australasia. Current CFO, Mr. Richard Shaw, will step down from his role and is available for the period up to October 31 2022, to ensure a smooth handover. Richard joined Atturra in 2021 on a fixed-term employment contract to assist with readying Atturra for its IPO and navigating its initial period as a listed entity. Duyuru • Aug 11
Atturra Limited to Report Fiscal Year 2022 Results on Aug 30, 2022 Atturra Limited announced that they will report fiscal year 2022 results on Aug 30, 2022 Duyuru • Aug 09
Atturra Limited, Annual General Meeting, Oct 07, 2022 Atturra Limited, Annual General Meeting, Oct 07, 2022, at 10:01 E. Australia Standard Time. Major Estimate Revision • May 14
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from AU$129.1m to AU$130.8m. EPS estimate increased from AU$0.04 to AU$0.04 per share. Net income forecast to grow 84% next year vs 28% growth forecast for IT industry in Australia. Consensus price target broadly unchanged at AU$0.88. Share price rose 5.9% to AU$0.71 over the past week. Duyuru • May 12
Atturra Limited Provides Earnings Guidance for the Year 2022 Atturra Limited provided earnings guidance for the year 2022. For the year, the company expects revenue forecast range of $127 million -$130 million. Reported Earnings • Feb 25
First half 2022 earnings released First half 2022 results: Revenue: (flat on 1H 2021). Net income: (flat on 1H 2021). Profit margin: (in line with 1H 2021). Duyuru • Feb 14
Atturra Limited to Report First Half, 2022 Results on Feb 24, 2022 Atturra Limited announced that they will report first half, 2022 results on Feb 24, 2022 Duyuru • Jan 18
Atturra Limited (ASX:ATA) executed a Share Purchase Agreement to acquire Kettering Professional Services Pty Ltd for AUD 5.3 million. Atturra Limited (ASX:ATA) executed a Share Purchase Agreement to acquire Kettering Professional Services Pty Ltd for AUD 5.3 million on January 17, 2022. Under the terms, Atturra will pay upfront consideration of AUD 3 million in cash and with earn-out consideration of up to AUD 2.25 million in cash subject to Kettering achieving performance hurdles based on audited EBIT targets for FY22, FY23 and FY24. The consideration will be funded from internal cash reserves. The transaction is subject to the satisfaction of the conditions precedent in the SPA, including the parties obtaining change of control consents required under Kettering's contracts and Rob Cheesman entering into an executive services agreement and scheduled to complete on March 1, 2022. The contribution of Kettering acquisition is accretive to the prospectus forecast and Atturra expects that the acquisition will contribute positively to FY22 results. Board Change • Dec 31
High number of new directors Independent Non-Executive Director Nicki Bowman was the last director to join the board, commencing their role in 2021.