Board Change • Dec 24
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. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Chairman Mike McConnell was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 30
Adacel Technologies Limited to Report Fiscal Year 2024 Results on Aug 14, 2024 Adacel Technologies Limited announced that they will report fiscal year 2024 results on Aug 14, 2024 Reported Earnings • Feb 20
First half 2024 earnings released: US$0.018 loss per share (vs US$0.003 profit in 1H 2023) First half 2024 results: US$0.018 loss per share (down from US$0.003 profit in 1H 2023). Revenue: US$13.1m (down 7.1% from 1H 2023). Net loss: US$1.36m (down US$1.58m from profit in 1H 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Feb 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to AU$0.84. The fair value is estimated to be AU$0.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Duyuru • Feb 09
Adacel Technologies Limited to Report First Half, 2024 Results on Feb 21, 2024 Adacel Technologies Limited announced that they will report first half, 2024 results on Feb 21, 2024 Duyuru • Sep 21
Adacel Technologies Limited, Annual General Meeting, Nov 21, 2023 Adacel Technologies Limited, Annual General Meeting, Nov 21, 2023, at 04:30 AUS Eastern Standard Time. Buying Opportunity • Aug 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be AU$0.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Duyuru • Aug 17
Adacel Technologies Limited Announces Company Secretary Changes Adacel Technologies Limited announced the appointed Ms. Sally McDow as Company Secretary, effective 17 August 2023. Ms. Eryl Baron has resigned as Company Secretary, effective 17 August 2023. Sally is an employee of Boardroom Pty Limited (the Company's Corporate Secretarial provider). Sally is a corporate governance and finance professional with extensive experience as a company secretary, and governance advisor working with both private and public listed companies. She is the holder of a Bachelor of laws (LLB), admitted as a solicitor, and holder of a Master of Business Administration (MBA), a graduate of the Governance Institute of Australia and a graduate of the Australian Institute of Company Directors. Sally is the person appointed under Listings Rule 12.6 to be responsible for communication with the ASX in relation to Listing Rules Matters. Reported Earnings • Aug 17
Full year 2023 earnings released: US$0.001 loss per share (vs US$0.043 profit in FY 2022) Full year 2023 results: US$0.001 loss per share (down from US$0.043 profit in FY 2022). Revenue: US$28.7m (up 4.0% from FY 2022). Net loss: US$77.0k (down 102% from profit in FY 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.5%. The fair value is estimated to be AU$0.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Duyuru • Aug 09
Adacel Technologies Limited to Report Fiscal Year 2023 Results on Aug 16, 2023 Adacel Technologies Limited announced that they will report fiscal year 2023 results on Aug 16, 2023 Duyuru • May 08
Adacel Technologies Limited Announces CFO Changes Adacel Technologies Limited announced the departure of its CFO, Mauro Ferrara. Mr. Ferrara resigned from his current position to pursue other business interests. Daniel Verret, Adacel's CEO, will assume the interim CFO responsibilities until a replacement is named. Mr. Daniel Verret joined Adacel in October 2018 as the company's CFO to oversee the group's finance, information technology, and human resources departments, and was appointed the Company's CEO in 2020. Reported Earnings • Feb 21
First half 2023 earnings released: EPS: US$0.003 (vs US$0.013 in 1H 2022) First half 2023 results: EPS: US$0.003 (down from US$0.013 in 1H 2022). Revenue: US$14.7m (up 16% from 1H 2022). Net income: US$218.0k (down 77% from 1H 2022). Profit margin: 1.5% (down from 7.5% in 1H 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Feb 20
Adacel Technologies Limited Declares an Interim Dividend (Unfranked) for Six Months Ended December 31, 2022, Payable on 26 April 2023 The Board of Adacel Technologies Limited has declared an interim dividend of for six months ended December 31, 2022 AUD 1.50 cents per share, unfranked. The dividend will have a Record Date of 28 February 2023 and will be paid on 26 April 2023. Duyuru • Feb 06
Adacel Technologies Limited to Report First Half, 2023 Results on Feb 23, 2023 Adacel Technologies Limited announced that they will report first half, 2023 results on Feb 23, 2023 Board Change • Nov 16
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. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Chairman Mike McConnell was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 25
Full year 2022 earnings released: EPS: US$0.043 (vs US$0.072 in FY 2021) Full year 2022 results: EPS: US$0.043 (down from US$0.072 in FY 2021). Revenue: US$30.3m (flat on FY 2021). Net income: US$3.26m (down 41% from FY 2021). Profit margin: 11% (down from 18% in FY 2021). Over the next year, revenue is forecast to grow 9.2%, compared to a 37% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Chairman Mike McConnell was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 26
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$3.96m from profit in 1H 2021). Profit margin: (down from 19% in 1H 2021). Over the next year, revenue is forecast to grow 18%, compared to a 30% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Dec 06
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. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Chairman Mike McConnell was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Aug 24
Upcoming dividend of AU$0.033 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 15 September 2021. Trailing yield: 4.9%. Lower than top quartile of Australian dividend payers (5.1%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 14
Full year 2021 earnings released: EPS AU$0.19 (vs AU$0.047 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$88.2m (up 122% from FY 2020). Net income: AU$14.7m (up 304% from FY 2020). Profit margin: 17% (up from 9.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 33% share price gain to AU$1.37, the stock trades at a trailing P/E ratio of 16.4x. Average forward P/E is 40x in the Software industry in Australia. Total loss to shareholders of 5.2% over the past three years. Is New 90 Day High Low • Feb 23
New 90-day high: AU$1.02 The company is up 28% from its price of AU$0.80 on 25 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 5.0% over the same period. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue misses expectations Revenue missed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the Software industry in Australia. Reported Earnings • Feb 20
First half 2021 earnings released: EPS AU$0.052 (vs AU$0.015 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$20.6m (up 4.4% from 1H 2020). Net income: AU$3.96m (up 233% from 1H 2020). Profit margin: 19% (up from 6.0% in 1H 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 09
New 90-day high: AU$0.91 The company is up 31% from its price of AU$0.69 on 11 September 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: AU$0.83 The company is up 14% from its price of AU$0.73 on 21 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 12% over the same period.