Duyuru • Jul 13
Excite Technology Services Limited, Annual General Meeting, Aug 31, 2026 Excite Technology Services Limited, Annual General Meeting, Aug 31, 2026. New Risk • Jul 05
New major risk - Revenue and earnings growth Earnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-AU$5.8m). Earnings have declined by 1.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$15.1m market cap, or US$10.5m). Duyuru • Jul 05
Excite Technology Services Limited has filed a Follow-on Equity Offering in the amount of AUD 3.259466 million. Excite Technology Services Limited has filed a Follow-on Equity Offering in the amount of AUD 3.259466 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000,000
Price\Range: AUD 0.006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,244,334
Price\Range: AUD 0.006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • May 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$4.8m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-AU$4.1m). Market cap is less than US$10m (AU$13.0m market cap, or US$9.32m). Reported Earnings • May 30
Full year 2026 earnings released Full year 2026 results: Revenue: AU$21.3m (up 74% from FY 2025). Net loss: AU$5.39m (loss widened 22% from FY 2025). New Risk • May 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.0m (US$9.22m) 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-AU$642k). Market cap is less than US$10m (AU$13.0m market cap, or US$9.22m). New Risk • Mar 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.0m (US$9.14m) 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-AU$642k). Market cap is less than US$10m (AU$13.0m market cap, or US$9.14m). Duyuru • Mar 13
Excite Technology Services Limited announced that it expects to receive AUD 1.05 million in funding Excite Technology Services Limited. announces a private placement to issue unsecured convertible for gross proceeds of AUD 1,050,000 on March 13, 2026. Interest rate of the Notes is 15%. Maturity of the Notes is 12 months. Conversion Price is AUD 0.01 per share, convertible at the election of the noteholder subject to shareholder approval being obtained. Reported Earnings • Nov 29
First half 2026 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2025) First half 2026 results: AU$0.001 loss per share (in line with 1H 2025). Revenue: AU$13.6m (up 360% from 1H 2025). Net loss: AU$2.51m (loss widened 44% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 03
Excite Technology Services Limited announced that it expects to receive AUD 2.1 million in funding from Belgravia Strategic Equities Pty. Ltd. Excite Technology Services Limited announce that it has successfully secured commitments for AUD 2.1 million in funding through the issue of convertible notes to a small group of institutional investors, including continued support from Belgravia Strategic Equities Pty Ltd on October 1, 2025. New Risk • Oct 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$23.7m market cap, or US$15.6m). New Risk • Sep 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.1m (US$9.88m) 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 Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Market cap is less than US$10m (AU$15.1m market cap, or US$9.88m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Duyuru • Aug 01
Excite Technology Services Limited, Annual General Meeting, Aug 29, 2025 Excite Technology Services Limited, Annual General Meeting, Aug 29, 2025. Location: at room 10c christie spaces, level 10, 100 walker street, north sydney nsw 2060 Australia New Risk • Jul 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major 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 Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Market cap is less than US$100m (AU$21.5m market cap, or US$14.1m). New Risk • Jun 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (AU$15.2m market cap, or US$9.87m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Jun 02
Full year 2025 earnings released Full year 2025 results: Revenue: AU$12.3m (up 53% from FY 2024). Net loss: AU$4.43m (loss widened 94% from FY 2024). Duyuru • May 05
Excite Technology Services Limited has completed a Follow-on Equity Offering in the amount of AUD 2.8 million. Excite Technology Services Limited has completed a Follow-on Equity Offering in the amount of AUD 2.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 233,333,333
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Transaction Features: Subsequent Direct Listing New Risk • Feb 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$6.3m revenue, or US$4.0m). Market cap is less than US$100m (AU$33.0m market cap, or US$21.0m). New Risk • Jan 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.9m (US$9.97m) 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 Risk Market cap is less than US$10m (AU$15.9m market cap, or US$9.97m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1.1m sold). Revenue is less than US$5m (AU$6.3m revenue, or US$4.0m). Reported Earnings • Dec 03
First half 2025 earnings released: AU$0.001 loss per share (vs AU$0 in 1H 2024) First half 2025 results: AU$0.001 loss per share (further deteriorated from AU$0 in 1H 2024). Revenue: AU$2.95m (down 37% from 1H 2024). Net loss: AU$1.75m (loss widened 275% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Nov 29
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: AU$6.3m (US$4.1m) This is considered a minor risk. Companies with a small amount of revenue 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 Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Shareholders have been diluted in the past year (40% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1.1m sold). Revenue is less than US$5m (AU$6.3m revenue, or US$4.1m). Market cap is less than US$100m (AU$19.4m market cap, or US$12.6m). New Risk • Nov 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (40% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1.1m sold). Market cap is less than US$100m (AU$21.2m market cap, or US$13.7m). New Risk • Nov 05
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$1.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (39% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1.1m sold). Market cap is less than US$100m (AU$22.8m market cap, or US$15.0m). Duyuru • Oct 17
Excite Technology Services Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Excite Technology Services Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing Duyuru • Oct 15
Excite Technology Services Limited (ASX:EXT) completed the acquisition of CBIT Pty Ltd for AUD 4.7 million. Excite Technology Services Limited (ASX:EXT) signed a letter of intent to acquire CBIT Pty Ltd for AUD 4.7 million on June 28, 2024. Excite Technology Services Limited (ASX:EXT) entered into agreement to acquire CBIT Pty Ltd on October 8, 2024.The consideration consists of 100 million common equity of Excite Technology Services Limited to be issued for common equity of CBIT Pty Ltd. A cash consideration of AUD 0.75 million will be paid by Excite Technology Services Limited. Excite Technology Services Limited will pay an earnout payment of AUD 2.35 million cash and of AUD 1.6 million common equity. As part of consideration, AUD 4.7 million is paid towards common equity of CBIT Pty Ltd. Following completion of this transaction, Steven Bliim, will move to the role of Chief Financial Officer and Executive Director. The transaction is subject to due diligence, approval by ASX and approval of the shareholders of Excite Technology Services Limited. The transaction will be immediately accretive to Excite Technology Services Limited. On July 24, 2024 acquirer shareholders approved the consideration offered. The transaction is expected to complete in the coming days.
Excite Technology Services Limited (ASX:EXT) completed the acquisition of CBIT Pty Ltd on October 15, 2024. Duyuru • Oct 11
Excite Technology Services Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Excite Technology Services Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Duyuru • Jul 24
Excite Technology Services Limited, Annual General Meeting, Aug 23, 2024 Excite Technology Services Limited, Annual General Meeting, Aug 23, 2024. Location: level 6, 400 collins street, melbourne vic 3000 Australia Reported Earnings • Jun 30
Full year 2024 earnings released: AU$0.002 loss per share (vs AU$0.005 loss in FY 2023) Full year 2024 results: AU$0.002 loss per share (improved from AU$0.005 loss in FY 2023). Revenue: AU$8.00m (up 17% from FY 2023). Net loss: AU$2.28m (loss narrowed 36% from FY 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Duyuru • Jun 28
Excite Technology Services Limited (ASX:EXT) signed a letter of intent to acquire CBIT Pty Ltd. Excite Technology Services Limited (ASX:EXT) signed a letter of intent to acquire CBIT Pty Ltd on June 28, 2024. The consideration consists of 100 million common equity of Excite Technology Services Limited to be issued for common equity of CBIT Pty Ltd. A cash consideration of AUD 0.75 million will be paid by Excite Technology Services Limited. Excite Technology Services Limited will pay an earnout payment of AUD 2.35 million cash and of AUD 1.6 million common equity. As part of consideration, AUD 4.7 million is paid towards common equity of CBIT Pty Ltd. The transaction is subject to due diligence, approval by ASX and approval of the shareholders of Excite Technology Services Limited. The transaction will be immediately accretive to Excite Technology Services Limited. Reported Earnings • Jun 04
Full year 2024 earnings released Full year 2024 results: Revenue: AU$8.00m (up 17% from FY 2023). Net loss: AU$1.93m (loss narrowed 46% from FY 2023). New Risk • May 13
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$124k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Significant insider selling over the past 3 months (AU$124k sold). Market cap is less than US$100m (AU$15.3m market cap, or US$10.1m). Duyuru • Apr 04
Excite Technology Services Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Excite Technology Services Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: AUD 0.008
Transaction Features: Subsequent Direct Listing Reported Earnings • Dec 04
First half 2024 earnings released: EPS: AU$0 (vs AU$0.005 loss in 1H 2023) First half 2024 results: EPS: AU$0 (improved from AU$0.005 loss in 1H 2023). Revenue: AU$4.66m (up 107% from 1H 2023). Net loss: AU$466.1k (loss narrowed 79% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. New Risk • Nov 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-AU$1.8m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 2.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Market cap is less than US$10m (AU$9.43m market cap, or US$6.24m). Minor Risk Revenue is less than US$5m (AU$6.8m revenue, or US$4.5m). Duyuru • Jul 25
Cipherpoint Limited Announces Board Members Changes Cipherpoint Limited announced the following Board changes. Neil Sinclair will join the Board as a non-executive Director, with effect from July 25, 2023 . Having previously held senior positions with Dell, Microsoft and Pacific National, Mr. Sinclair is a seasoned corporate executive. Mr. Sinclair will be tasked with developing the group's strategy for people and culture. Currently serving independent executive Ken Benson will retire from the Board with effect from close of business July 24, 2023. Duyuru • Jul 18
Cipherpoint Limited, Annual General Meeting, Aug 31, 2023 Cipherpoint Limited, Annual General Meeting, Aug 31, 2023. Reported Earnings • Jun 01
Full year 2023 earnings released: AU$0.005 loss per share (vs AU$0.036 loss in FY 2022) Full year 2023 results: AU$0.005 loss per share (improved from AU$0.036 loss in FY 2022). Revenue: AU$6.83m (up 71% from FY 2022). Net loss: AU$3.58m (loss narrowed 65% from FY 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jan 21
Insider recently bought AU$229k worth of stock On the 17th of January, Amarandhar Kotha bought around 50m shares on-market at roughly AU$0.0046 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$733k more in shares than they have sold in the last 12 months. Duyuru • Jan 06
Cipherpoint Limited Announces Retirement of Graham Mirabito from Board Cipherpoint Limited announced that Non-Executive Director, Graham Mirabito will retire from the board with effect from 6 January 2023 following recent appointments to the Board of Bryan Saba as CEO and Ken Benson as a Non-Executive Director. Mr. Steven Bliim, a longstanding Non-Executive Director, will continue to remain in the position of Non-Executive Chairman. Board Change • Nov 16
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. 2 non-independent directors. Independent Non-Executive Director Graham Mirabito was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 25
Cipherpoint Limited, Annual General Meeting, Nov 04, 2022 Cipherpoint Limited, Annual General Meeting, Nov 04, 2022, at 12:00 AUS Eastern Standard Time. Location: Level 5, 189 Queen Street Melbourne Vic Victoria Australia Agenda: To consider approval for issue of shares; to consider approval for issue of performance rights; and to consider other matters if any. Recent Insider Transactions • Oct 07
Insider recently bought AU$254k worth of stock On the 30th of September, Carl Charalambous bought around 43m shares on-market at roughly AU$0.0059 per share. This transaction increased Carl Charalambous' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$895k more in shares than they have sold in the last 12 months. Duyuru • Aug 03
Cipherpoint Limited, Annual General Meeting, Sep 01, 2022 Cipherpoint Limited, Annual General Meeting, Sep 01, 2022, at 09:00 E. Australia Standard Time. Location: QR Lawyers, Level 6, 400 Collins Street Melbourne Australia Agenda: To lay before the meeting and consider the Annual Financial Statements of the Company for the year ended 31 March 2022 and comprising the Annual Financial Report, the Directors' Report and the Auditor's Report; to consider the non binding resolution to adopt remuneration report; to consider the re-election of Mr. Graham Mirabito as a Director; to consider the approval of 10% placement facility; to consider the ratification of prior issue of shares; to consider the approval for issue of options; to consider the ratification of prior issue of shares; and to consider other matters. Duyuru • Jul 30
Cipherpoint Limited (ASX:CPT) entered into an agreement to acquire Excite IT Pty Ltd. for AUD 3.7 million. Cipherpoint Limited (ASX:CPT) entered into an agreement to acquire Excite IT Pty Ltd. for AUD 3.7 million on July 28, 2022. The acquisition price will be structured as a combination of cash and scrip. At completion the Excite IT shareholders will receive AUD 1.25 million cash consideration and 100 million in shares of Cipherpoint, which shall be voluntarily escrowed for a period of 6 months. Excite IT’s shareholders will receive AUD 0.5 million on the date which is 12 months from completion of the acquisition. In addition, if for the 12 months ending June 30, 2023, the EBITDA for the Excite IT business on a standalone basis is no less than AUD 0.8 million, then Excite IT’s shareholders will receive a further 50 million shares. Cipherpoint will conduct a capital raising to raise up to AUD 1.33 million which will be applied applied to acquisition cash consideration and costs. Excite IT achieved revenues in excess of AUD 3 million in FY 2022. Subject to completion, Excite IT’s founder Bryan Saba will join the leadership team of Cipherpoint as Managing Director and Chief Executive Officer of Cipherpoint and will remain Chief Executive Officer of Excite IT. The transaction is subject to completion of due diligence, Cipherpoint successfully obtaining all necessary shareholder and ASX approvals, Cipherpoint raising sufficient funds for the upfront cash consideration of the transaction and CPT offering, and Bryan Saba, founder of Excite IT, accepting market-based service agreement. Board Change • Jul 26
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. 2 non-independent directors. Lead Independent Director Graham Mirabito was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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. 2 non-independent directors. Lead Independent Director Graham Mirabito was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 25
Cipherpoint Limited (ASX:CPT) completed the acquisition of Virtual Information Technology Pty Limited. Cipherpoint Limited (ASX:CPT) signed a binding term sheet to acquire Virtual Information Technology Pty Limited for AUD 2.02 million on October 13, 2021. The upfront consideration shall be paid in 0.75 million cash, 10.2 million shares of Cipherpoint at completion to be voluntarily escrowed for a period of 6 months from completion and further AUD 1 million of ordinary CPT shares are to be issued on achieving FY22 and FY23 financial milestones. First earnout of AUD 0.5 million worth of shares, based on achieving a revenue target of AUD 0.9 million or more for 12 month period ending June 30, 2022. If the milestone is not met shares will be allotted on a pro rata basis provided that no milestone shares will be issued unless revenue of AUD 0.75 million is achieved. Second earnout of AUD 0.5 million worth of shares, based on achieving a revenue target of AUD 1.2 million or more for 12 month period ending June 30, 2023. CPT will also execute an executive agreement for the for the VIT Cyber Security founder a market based salary, the issue of an initial 1.25 million performance rights with vesting when CPT trades above 10c per share for 5 consecutive trading days or where market capitalization exceeds AUD 22 million for any 5 consecutive trading days; and a further 1.25 performance rights to be issued to the VIT Cyber Security subject to the revenue for VIT Cyber Security achieving a minimum of AUD 0.9 million in revenue for the 12 months to June 30, 2022. CPT also intends to issue VIT Cyber Security employees share based incentives under its existing employee security ownership plans. For the financial year ending, June 30, 2021, Virtual Information Technology Pty Limited had a revenue of AUD 0.703 million. The terms sheet is subject to, the execution of formal documentation, confirmatory due diligence and CPT obtaining any shareholder and regulatory approvals and waivers (if any are required). Shareholder approval will be sought for the issue of the earn-out shares. The transaction is expected to complete by October 31, 2021.
Cipherpoint Limited (ASX:CPT) completed the acquisition of Virtual Information Technology Pty Limited on November 25, 2021. The parties entered into formal documents on November 25, 2021. Duyuru • Jun 04
Cipherpoint Limited Provides Earnings Guidance by the End of the September 2021 Cipherpoint Limited provided earnings guidance by the end of the September 2021. For the period, the company's target is to reach $3 million in annualized revenue run rate. Reported Earnings • Jun 02
Full year 2021 earnings released: AU$0.026 loss per share (vs AU$0.14 loss in FY 2020) Full year 2021 results: Net loss: AU$2.77m (loss narrowed 43% from FY 2020). Duyuru • Jan 22
Cipherpoint Limited (ASX:CPT) entered into a binding term sheet to acquire Brace168 Pty Limited for AUD 5.1 million. Cipherpoint Limited (ASX:CPT) entered into a binding term sheet to acquire Brace168 Pty Limited for AUD 5.1 million on January 21, 2021. Under the terms of transaction, shareholders of Brace168 will receive mix of cash and CPT securities, being AUD 3 million cash, 21.75 million shares and 5.4375 million options. The cash payment will be split over two payments, with AUD 2 million payable on completion and AUD 1 million twelve months post completion. An additional 14.2 million shares are to be issued on achieving FY21 and FY22 financial milestones. The upfront consideration shares and options shall be voluntarily escrowed until September 30, 2021. Brace168’s FY20 revenues were AUD 1.2 million. CPT also intends to issue Brace168 employees share based incentives under its existing employee security ownership plans. The transaction is subject to customary closing conditions, including necessary shareholder approval, other regulatory approval, execution of formal documentation, confirmatory due diligence, CPT raising further capital of not less than AUD 2 million pursuant to the Placement and rights issue. Shareholder approval will be sought for the issue of the consideration and earn-out shares as a condition to the proposed acquisition. It is anticipated the transaction will complete by early March 2021 or shortly thereafter. Reported Earnings • Dec 04
First half 2021 earnings released: AU$0.018 loss per share The company reported a solid first half result with reduced losses and improved revenues and control over expenses. First half 2021 results: Revenue: AU$213.3k (up 48% from 1H 2020). Net loss: AU$1.12m (loss narrowed 57% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Duyuru • Sep 26
Cipherpoint Limited Entered into A Global Reseller Agreement with Nucleus Cyber Group Cipherpoint Limited announced that it has entered into a global Reseller Agreement with the US based Nucleus Cyber Group (Nucleus). Cipherpoint will resell Nucleus Cyber's NC.Protect solution for data security in the cloud. This will accelerate Cipherpoint's ability to offer products across a wide range of enterprise platforms both on premises and in hybrid and cloud environments. The NC.Protect solution complements Cipherpoint's own cp.Protect data security solution. NC.Protect operates across Microsoft SharePoint Online, Office 365, Microsoft Teams, Yammer, Dropbox and other such applications. Nucleus is a member of the Microsoft Intelligent Security Association. Cipherpoint's Board believe that a focus on Microsoft collaboration platforms is one key to unlocking access to a high growth addressable market for cyber security, governance and compliance. The data security market is expected to top USD 2.8bn this year buoyed by the growth in cloud based deployments. Cipherpoint already has identified two initial opportunities for NC.Protect - one in the UK for a research company adding additional security to their Microsoft 365 deployment and another in a Canada for a customer wanting to securely share documents via SharePoint Online. The Reseller Agreement includes the ability to sell globally, is for an initial 12 months but can roll-over for additional 12 month periods and permits Cipherpoint to acquire and resell the NC.Protect product at a typical reseller margin. Duyuru • Jul 09
Cipherpoint Limited has completed a Follow-on Equity Offering in the amount of AUD 0.437 million. Cipherpoint Limited has completed a Follow-on Equity Offering in the amount of AUD 0.437 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,000,000
Price\Range: AUD 0.023
Transaction Features: Subsequent Direct Listing