New Risk • Mar 02
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$4.7m 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$4.7m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (AU$8.51m market cap, or US$6.06m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Dec 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (AU$15.0m market cap, or US$9.92m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Dec 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.96m) 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 (22% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (AU$15.2m market cap, or US$9.96m). Duyuru • Oct 31
FirstWave Cloud Technology Limited, Annual General Meeting, Nov 28, 2025 FirstWave Cloud Technology Limited, Annual General Meeting, Nov 28, 2025. New Risk • Oct 23
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 21% 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 (21% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$32.3m market cap, or US$21.0m). Reported Earnings • Oct 05
Full year 2025 earnings released: AU$0.008 loss per share (vs AU$0.013 loss in FY 2024) Full year 2025 results: AU$0.008 loss per share (improved from AU$0.013 loss in FY 2024). Revenue: AU$8.74m (down 23% from FY 2024). Net loss: AU$14.0m (loss narrowed 39% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Duyuru • Oct 01
FirstWave Cloud Technology Limited announced that it has received $2.5 million in funding FirstWave Cloud Technology Limited announced that it has entered into an purchase agreement and raised $2.5 million in a round of funding on September 30, 2025. The transaction included participation from new lender Partners for Growth VII, L.P., a fund managed by Partners for Growth Managers, LLC. The company will issue loan facility in the transaction. Duyuru • Sep 27
FirstWave Cloud Technology Limited has completed a Follow-on Equity Offering in the amount of AUD 2.85 million. FirstWave Cloud Technology Limited has completed a Follow-on Equity Offering in the amount of AUD 2.85 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 185,683,352
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,316,648
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.002 loss per share (vs AU$0.013 loss in FY 2024) Full year 2025 results: AU$0.002 loss per share (improved from AU$0.013 loss in FY 2024). Revenue: AU$8.74m (down 23% from FY 2024). Net loss: AU$3.60m (loss narrowed 84% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Duyuru • Jul 30
FirstWave Cloud Technology Limited to Report Q4, 2025 Results on Aug 06, 2025 FirstWave Cloud Technology Limited announced that they will report Q4, 2025 results on Aug 06, 2025 Duyuru • Apr 23
FirstWave Cloud Technology Limited to Report Q3, 2025 Results on Apr 30, 2025 FirstWave Cloud Technology Limited announced that they will report Q3, 2025 results on Apr 30, 2025 Duyuru • Apr 01
Firstwave Cloud Technology Limited Announces Board Changes FirstWave Cloud Technology Limited announced it has appointed corporate finance and investment banking executive David Garnier as a Non-Executive Director. Mr. Garnier will replace Daniel Friel who has announced his retirement from full-time corporate life to spend more time with family and will stand down from the FirstWave Board, effective March 31, 2025. Mr. Friel will continue as an advisor to the company, with a particular focus on US investment
markets. Mr. Garnier has more than 30 years of experience in corporate finance, advisory and investment banking, and serves as a Director for multiple private and public companies focusing on technology and innovation. He is the founder and Chairman of New Wave Capital, a Hong Kong-based investment bank with an extensive client list across Asia and Australia. He now resides on the Gold Coast after nearly 10 years in Beijing, China. He has a Bachelor of Commerce from Canberra University and is a qualified CPA. FirstWave Chairman John Grant said Mr. Garnier would provide the company with a range of essential skills to support its goal of becoming a globally significant player in network management and cybersecurity. New Risk • Mar 28
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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$29.1m market cap, or US$18.3m). Duyuru • Jan 21
FirstWave Cloud Technology Limited to Report Q2, 2025 Results on Jan 30, 2025 FirstWave Cloud Technology Limited announced that they will report Q2, 2025 results on Jan 30, 2025 Duyuru • Oct 15
FirstWave Cloud Technology Limited to Report Q1, 2025 Results on Oct 30, 2024 FirstWave Cloud Technology Limited announced that they will report Q1, 2025 results on Oct 30, 2024 Duyuru • Oct 01
FirstWave Cloud Technology Limited, Annual General Meeting, Nov 28, 2024 FirstWave Cloud Technology Limited, Annual General Meeting, Nov 28, 2024. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.013 loss per share (vs AU$0.008 loss in FY 2023) Full year 2024 results: AU$0.013 loss per share (further deteriorated from AU$0.008 loss in FY 2023). Revenue: AU$11.3m (down 9.7% from FY 2023). Net loss: AU$23.0m (loss widened 71% from FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Duyuru • Jul 17
FirstWave Cloud Technology Limited to Report Q4, 2024 Results on Jul 31, 2024 FirstWave Cloud Technology Limited announced that they will report Q4, 2024 results on Jul 31, 2024 New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.7m (US$9.11m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.8m free cash flow). Earnings have declined by 0.3% per year over the past 5 years. Market cap is less than US$10m (AU$13.7m market cap, or US$9.11m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (AU$29.1m market cap, or US$19.3m). Duyuru • Apr 11
FirstWave Cloud Technology Limited to Report Q3, 2024 Results on Apr 24, 2024 FirstWave Cloud Technology Limited announced that they will report Q3, 2024 results on Apr 24, 2024 Duyuru • Jan 26
FirstWave Cloud Technology Limited to Report Q2, 2024 Results on Jan 30, 2024 FirstWave Cloud Technology Limited announced that they will report Q2, 2024 results on Jan 30, 2024 Duyuru • Oct 16
FirstWave Cloud Technology Limited to Report Q1, 2024 Results on Oct 26, 2023 FirstWave Cloud Technology Limited announced that they will report Q1, 2024 results on Oct 26, 2023 New Risk • Sep 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.7m free cash flow). Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (AU$93.7m market cap, or US$60.4m). Duyuru • Sep 21
FirstWave Cloud Technology Limited Announces Management Changes FirstWave Cloud Technology Limited provided the following update on key changes to the business following the acquisition of Saisei Networks Inc. Current Chief Financial Officer and Company Secretary, Iain Bartram, has been appointed to the newly created position of Chief Operating Officer, adding responsibility for customer support and software development to his existing responsibilities. This change allows the company´s CEO, Danny Maher, to increase his focus on sales and marketing, and the company´s strategic goals. The Chief Revenue Officer (CRO), Dino Davanzo, extends his sales responsibilities to include the company's marketing functions and product strategy globally. Saisei's General Manager (based in Melbourne) Jerome Fink joins under FirstWave's CRO to spearhead the growth of Saisei related sales, cross-selling and integration of the Saisei products in to FirstWave sales and marketing processes. Saisei software developers (a team of 6) join FirstWave's development team under Deepthi Bhushan and Saisei's presales engineer joins FirstWave's US team under North American Sales Director James Morzelewski. Saisei Co-Founder and Chief Technology Officer John Harper joins FirstWave following the acquisition. Mr. Harper has more than 30 years of experience in computer and telecommunications networking. Before Saisei, Mr. Harper led engineering at Anagran, overseeing the creation of their advanced flow-based traffic managers. He previously served at Cisco as the VP of IOS Routing, directing the strategy and development of routing protocols, multicast and IPv6, among other areas. Guy Brunsdon has been appointed as General Manager of Products, reporting to the CRO and supported by the CEO to drive the direction of the company's technology. Mr. Brunsdon's impressive background includes holding senior roles at companies such as Telstra, Cisco, VMware and Citrix Systems in Silicon Valley, Seattle, Cambridge, and Australia. Mr. Brunsdon will commence with FirstWave on 27 September 2023. After leading FirstWave's software development activities since the Company's formation, the company's current Chief Technology Officer (CTO), Simon Ryan, will depart the business in December 2023. Duyuru • Sep 19
FirstWave Cloud Technology Limited (ASX:FCT) acquired assets of Silicon Valley from Saisei Networks Inc. FirstWave Cloud Technology Limited (ASX:FCT) acquired assets of Silicon Valley from Saisei Networks Inc. on September 18, 2023.FirstWave Cloud Technology Limited (ASX:FCT) completed the acquisition of assets of Silicon Valley from Saisei Networks Inc. on September 18, 2023. Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.008 loss per share (vs AU$0.011 loss in FY 2022) Full year 2023 results: AU$0.008 loss per share (improved from AU$0.011 loss in FY 2022). Revenue: AU$12.5m (up 34% from FY 2022). Net loss: AU$13.4m (flat on FY 2022). 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 23% per year, which means it is significantly lagging earnings. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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$8.5m free cash flow). Earnings have declined by 6.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$86.5m market cap, or US$56.1m). Duyuru • Jul 17
Firstwave Cloud Technology Limited to Report Q4, 2023 Results on Jul 26, 2023 Firstwave Cloud Technology Limited announced that they will report Q4, 2023 results on Jul 26, 2023 Reported Earnings • Mar 02
First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.01 loss in 1H 2022) First half 2023 results: AU$0.002 loss per share (improved from AU$0.01 loss in 1H 2022). Revenue: AU$6.56m (up 87% from 1H 2022). Net loss: AU$3.26m (loss narrowed 57% from 1H 2022). 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 30% per year, which means it is significantly lagging earnings. Duyuru • Jan 18
Firstwave Cloud Technology Limited to Report Q2, 2023 Results on Jan 31, 2023 Firstwave Cloud Technology Limited announced that they will report Q2, 2023 results on Jan 31, 2023 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. 5 non-independent directors. Non-Executive Director Raymond Kiley was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 03
Firstwave Cloud Technology Limited Appoints Dino Davanzo as Chief Revenue Officer FirstWave Cloud Technology Limited has appointed Dino Davanzo as Chief Revenue Officer to oversee the company's growth and sales across its global operations. Mr. Davanzo is based in Sydney and will join FirstWave's senior executive team when he commences on 2 November 2022. He will work closely with recently appointed North American Sales Director James Morzelewski who provides dedicated sales leadership for the North American market while previous (US based) Chief Revenue Officer Craig Nelson takes on an advisory role to ensure a smooth operational transition to the enhanced structure. Mr. Davanzo joins the company with more than 35 years of experience including vendor and systems integration sales roles and sales leadership positions. Before FirstWave, he held senior sales positions at Hewlett Packard Enterprise (HPE), Optus, Dell and NetApp. Duyuru • Oct 24
Firstwave Cloud Technology Limited, Annual General Meeting, Nov 24, 2022 Firstwave Cloud Technology Limited, Annual General Meeting, Nov 24, 2022, at 10:00 AUS Eastern Standard Time. Location: Level 14, 132 Arthur Street Sydney New South Wales Australia Agenda: To receive and to consider the Annual Financial Report of the Company for the financial year ended 30 June 2022 together with the declaration of the Directors, the Directors' Report, the Remuneration Report and the Auditor's Report for that financial year; to approve adoption of Remuneration Report; to consider election and reelection of directors; to approve appointment of Auditor; and to consider other issues. Reported Earnings • Aug 31
Full year 2022 earnings released: AU$1.14 loss per share (vs AU$0.016 loss in FY 2021) Full year 2022 results: AU$1.14 loss per share (down from AU$0.016 loss in FY 2021). Revenue: AU$9.35m (up 17% from FY 2021). Net loss: AU$13.5m (loss widened 24% from FY 2021). Over the next year, revenue is forecast to grow 57%, compared to a 19% growth forecast for the IT industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Duyuru • Jun 02
FirstWave Launches CyberCision Phase II FirstWave Cloud Technology Limited excited to launch Phase II of its CyberCision platform. Following the successful Phase I launch of CyberCision last October, the most transformational technology upgrade in FirstWave's history, FirstWave has now delivered on its promise to further enhance the capabilities of the platform with a focus on accelerating adoption of the technology. Through the CyberCision platform FirstWave enables Partners, which include some of the world's large Telcos and managed service providers (MSPs), to rapidly deploy and scale security solutions that protect their customers from cyber-attack. The CyberCision Phase II launch introduces and improves on three cores areas that are a key focus for MSP and Telco partners: Frictionless Email Security supports speed and scale of adoption. Customers of the service providers are able to add email security by simply using their Microsoft 365 account. This opens new channels to market, aligns purchasing of email security with the purchase of the email subscription and empowers service providers to onboard customers rapidly and at high scale. The CyberCision Mobile App increases visibility of the cybersecurity service by providing end users with real-time monitoring of cyber-security threats along with historical reporting, all available in the palm of their hand under a white-labelled app from their service provider. The visibility provided through the CyberCision Mobile App will reduce customer churn as well as accelerate adoption of the services. Advanced Detection & Response enhances control and introduces an additional level of protection, extending the email protection capabilities with the inclusion of advanced dark web monitoring, post-delivery email analysis, retrospective risk scoring, and automated remediation. Price Target Changed • Apr 27
Price target decreased to AU$0.08 Down from AU$0.36, the current price target is provided by 1 analyst. New target price is 33% above last closing price of AU$0.06. Stock is down 43% over the past year. The company posted a net loss per share of AU$0.016 last year. Board Change • Apr 27
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 Ray Kiley was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jan 29
FirstWave Cloud Technology Limited Announces Board Appointments FirstWave Cloud Technology Limited confirmed the appointment of Mr. Danny Maher as Managing Director and Mr. Ray Kiley as a Non-Executive Director of the company. Mr. Maher joined the Company on 10 January 2022 as Chief Executive Officer and has subsequently been appointed Managing Director. Mr. Kiley is an advisor to technology start-ups and scale-ups. Previously he was CEO of Intelledox. Mr. Kiley has since held senior management roles with Telstra, Medibank and CoreLogic before joining Intelledox. Duyuru • Jan 16
Firstwave Cloud Technology Limited (ASX:FCT) acquired Opmantek Pty Ltd from Danny Maher and others. Firstwave Cloud Technology Limited (ASX:FCT) offer to acquire Opmantek Pty Ltd from Danny Maher and others on November 29, 2021. For consideration, approximately 690 million new FirstWave shares will be issued to Opmantek’s shareholders. Foreign Shareholders whose addresses in Opmantek’s Register are not in Australia or New Zealand, who accept the Offer will be paid cash consideration. Following completion of the transaction and Equity Raising, Opmantek shareholders will hold approximately 42% of FirstWave’s issued shares. In a related transaction, FirstWave today also launched an equity offering to raise up to AUD 14 million (Equity Raising) comprising, AUD 7 million non-renounceable pro-rata entitlement offer and AUD 7 million institutional placement. Opmantek borrowing to be repaid by AUD 0.112 million through conversion to equity pre acquisition and AUD 1.5 million from proceeds of capital raise. For the year ending on June 30, 2021, Opmantek reported revenue of AUD 4 million, earnings before interest, taxes, depreciation and amortization loss of AUD 0.8 million, Total assets of AUD 2.478 million and Net Liabilities of AUD 1.272 million. Opmantek team of 26 experienced staff will join Firstwave. Danny Maher, Opmantek’s Executive Chairman will become FirstWave’s Managing Director and Chief Executive Officer. Craig Nelson will assume the role of Chief Revenue Officer and Head of Global Sales. Ray Kiley will join the Board as a non-executive director. The transaction has been unanimously approved by Board Firstwave Cloud Technology. The transaction is expected to close by January 4, 2022. The transaction will add AUD 4 million of additional revenue at 100% gross margin and around AUD 3.4 million of fast-growing ARR. Baker McKenzie acted as legal advisor to Opmantek Pty Ltd. As of January 6, 2022 Firstwave Cloud Technology Limited (ASX:FCT) acquired 98% of Opmantek Pty Ltd.
Firstwave Cloud Technology Limited (ASX:FCT) acquired Opmantek Pty Ltd from Danny Maher and others on January 14, 2022. FirstWave will also be issuing an additional 60 million shares being the second tranche of
the institutional placement to raise a further AUD 4.2 million. FirstWave will lodge a substantial shareholder notice in recognition of its relevant interest in its own shares through the escrow agreements now in place with the Opmantek holders. Danny Maher will lodge a substantial shareholder notice in recognition of his approximately 16% shareholding in FirstWave. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.042 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$7.98m (down 3.4% from FY 2020). Net loss: AU$10.8m (loss narrowed 22% from FY 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.042 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$7.98m (down 3.4% from FY 2020). Net loss: AU$10.6m (loss narrowed 23% from FY 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Executive Departure • Jul 15
Chief Executive Officer Neil Pollock has left the company On the 8th of July, Neil Pollock was replaced as CEO by John Grant after less than a year in the role. We don't have any record of a personal shareholding under Neil's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Neil's leadership, the company delivered a total shareholder return of -53%. Executive Departure • Jun 14
Non-Executive Director David Acton has left the company On the 4th of June, David Acton's tenure as Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under David's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Duyuru • Jun 02
Firstwave Cloud Technology Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. Firstwave Cloud Technology Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,777,778
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054 Duyuru • Apr 30
Firstwave Cloud Technology Limited announced that it expects to receive AUD 6 million in funding Firstwave Cloud Technology Limited (ASX:FCT) announced a private placement of 66,666,667 ordinary fully paid shares at an issue price of AUD 0.09 per share for gross proceeds of AUD on April 29, 2021. The settlement of shares will take place on May 5, 2021 and allotment on May 6, 2021. The transaction will include participation from institutional and sophisticated investors. The round was oversubscribed. Reported Earnings • Mar 03
First half 2021 earnings released: AU$0.01 loss per share (vs AU$0.023 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$4.05m (down 2.1% from 1H 2020). Net loss: AU$6.48m (loss narrowed 2.8% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Duyuru • Feb 26
FirstWave Cloud Technology Limited Signs Three-Year Level 1 Partner Agreement with Moja Access FirstWave Cloud Technology Limited announced the signing of a three-year Level 1 Partner Agreement with Moja Access, part of CSquared Group a pan-African technology company. Moja Access is the Kenya-based operating company of CSquared, a joint venture between Google LLC, Japan-based Mitsui & Co, investment firm Convergence Partners, and the International Finance Corporation (IFC, part of the World Bank Group), with the goal to make commercially driven investments to improve and increase connectivity and internet access in Sub-Saharan Africa. CSquared currently operates fibre and last mile WiFi networks in several cities across Kenya, Uganda, Ghana and Liberia, with over 40 mobile operators and internet service providers relying on its infrastructure for serving mobile consumers and corporate customers. These four African nations had over 10 million Micro, Small & Medium Enterprises (MSMEs) and over 70 million internet users at the end of 2020. The Partnership Agreement is for a 3-year term with rolling 6-month extension options thereafter and in keeping with FirstWave's unique service proposition - democratising enterprise-grade cybersecurity-as-a- service - the vast number of MSMEs and Internet users across these 4 African nations can now be protected on CSquared's network from cyber intruders, on a consumption basis, at an affordable monthly price. Duyuru • Feb 13
Firstwave Cloud Technology Limited Announces Resignation of Scott Lidgett as A Non-Executive Director FirstWave Cloud Technology Limited advises that Mr. Scott Lidgett has resigned as a non-executive director effective 4 February 2021 as announced within the Investor Update. Mr. Lidgett was a co-founder of FirstWave Cloud Technology Limited and a continuous board member for over fifteen years, chairing the business on three separate occasions, including the period prior to listing on the ASX. Mr. Lidgett will continue as a member of the Technology and Markets Board Committee. Executive Departure • Feb 11
Non-Executive Director has left the company On the 4th of February, Scott Lidgett's tenure as Non-Executive Director ended after 12.9 years in the role. As of September 2020, Scott personally held 38.85m shares (AU$5.1m worth at the time). A total of 4 executives have left over the last 12 months. Duyuru • Nov 10
Firstwave Cloud Technology Limited Announces Executive Changes Firstwave Cloud Technology Limited announced the appointment of Iain Bartram as Company Secretary with effect from 9 November 2020. Ms Gai Stephens resigned from the role of Company Secretary with effect from 9 November 2020. Duyuru • Sep 30
Firstwave Cloud Technology Limited Signs Agreement with Vodafone Idea Limited Firstwave Cloud Technology Limited announced the signing of an agreement with Vodafone Idea Limited as a new Level 1 partner in India to deliver FirstWave's CCSP cybersecurity-as-a-service solutions to its business customers. Under this new partnership, Vi will be the first in India to offer FirstWave's new multi-tenanted firewall-as-a-
service to its business customers. This will enable Vi to deliver a "clean pipe" solution to any small business
customer on its network. In addition, Vi will offer FirstWave's cybersecurity-as-a-service email and web
solutions to protect businesses from damaging cybercrime attacks such as ransomware, spear phishing, data
theft and impersonation/fraud including Business Email Compromise (BEC). In keeping with FirstWave's unique service proposition democratising enterprise grade cybersecurity-as-a-
service the vast number of small and medium businesses across India can now be protected from unwanted
cyber-intruders gaining access to critical company data, on a consumption basis, at an affordable monthly
price. For medium and large businesses, Vi has recently successfully concluded customer trials of FirstWave's
remote worker cybersecurity offering and will commence offering these services in October 2020 as well. Duyuru • Jul 31
FirstWave Cloud Technology Limited Announces Appointment of Neil Pollock as Chief Executive Officer, Effective July 31, 2020 FirstWave Cloud Technology Limited announced the appointment of Mr. Neil Pollock as Chief Executive Officer, effective July 31, 2020. Mr. Pollock, who joined the Company in 2017 as Head of International Business, has been the Company's Chief Operating Officer and senior executive since February 2020. Prior to joining FirstWave, Mr. Pollock was the Chief Executive Officer of Nxtra Data Limited.