Duyuru • May 15
Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 105,875,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 144,125,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 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. 4 experienced directors. No highly experienced directors. Non-Executive Director Patrina Kerr was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Dec 22
Gratifii Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Gratifii Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing Duyuru • Sep 25
Gratifii Limited, Annual General Meeting, Dec 21, 2025 Gratifii Limited, Annual General Meeting, Dec 21, 2025. Duyuru • Jun 21
Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 0.06 million. Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 0.06 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 631,578
Price\Range: AUD 0.095
Transaction Features: Subsequent Direct Listing Duyuru • May 27
Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7 million. Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Feb 20
Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. Gratifii 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: 26,315,790
Price\Range: AUD 0.095
Discount Per Security: AUD 0.0057
Transaction Features: Subsequent Direct Listing Duyuru • Dec 03
Gratifii Limited (ASX:GTI) agreed to acquire Rapport Group Limited from WT Business Trustee Limited and Leonie Ann Titshall. Gratifii Limited (ASX:GTI) agreed to acquire Rapport Group Limited from WT Business Trustee Limited and Leonie Ann Titshall for NZD 2.2 million on September 5, 2024. A cash consideration of NZD 0.35 million will be paid by Gratifii Limited. The consideration consists of common equity of Gratifii Limited having a value of NZD 0.15 million to be issued for common equity of Rapport Group Limited. As part of consideration, Shares issued as consideration for the Rapport acquisition. The NZD 4.993760 million (AUD 5.487649 million) (before costs) raised from Tranche 2 will be applied towards acquisition of Rapport Group. If the Club Connect and Rapport acquisitions do not complete for any reason and/or the Company does not receive Shareholder approval to issue the Tranche 2 Placement Shares, funds received from Tranche 2 will be returned to Tranche 2 Placement Participants.
The transaction is subject to approval of offer by acquirer shareholders and third party approval needed. The transaction is expected to complete by October 31, 2024.
Gratifii Limited (ASX:GTI) completed the acquisition of Rapport Group Limited from WT Business Trustee Limited and Leonie Ann Titshall on December 2, 2024. Duyuru • Nov 06
Gratifii Limited (ASX:GTI) completed the acquisition of an unknown majority stake in Ticketmates Australia Pty Ltd from U-T Australia Pty Ltd, Racq Operations Pty. Ltd. and Virtual Domains Pty Ltd for AUD 8 million. Gratifii Limited (ASX:GTI) agreed to acquire an unknown majority stake in Ticketmates Australia Pty Ltd from U-T Australia Pty Ltd, Racq Operations Pty. Ltd. and Virtual Domains Pty Ltd for AUD 8 million on September 5, 2024. A cash consideration of AUD 6 million will be paid by Gratifii Limited. The consideration consists of common equity of Gratifii Limited having a value of AUD 2 million to be issued for common equity of Ticketmates Australia Pty Ltd. As part of consideration, AUD 8 million is paid towards common equity of Ticketmates Australia Pty Ltd. The transaction will be financed through equity investment of AUD 9 million. The transaction is subject to approval of offer by acquirer shareholders, consummation of private placement and third-party approval needed. The expected completion of the transaction is October 21, 2024. As of September 26, 2024, the completion is expected to occur on October 31, 2024.
Gratifii Limited (ASX:GTI) completed the acquisition of an unknown majority stake in Ticketmates Australia Pty Ltd from U-T Australia Pty Ltd, Racq Operations Pty. Ltd. and Virtual Domains Pty Ltd on November 5, 2024 Reported Earnings • Oct 05
Full year 2024 earnings released: AU$0.008 loss per share (vs AU$0.004 loss in FY 2023) Full year 2024 results: AU$0.008 loss per share (further deteriorated from AU$0.004 loss in FY 2023). Revenue: AU$29.8m (flat on FY 2023). Net loss: AU$10.5m (loss widened 176% from FY 2023). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Duyuru • Sep 19
Gratifii Limited, Annual General Meeting, Nov 25, 2024 Gratifii Limited, Annual General Meeting, Nov 25, 2024. New Risk • Sep 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% 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 Shares are highly illiquid. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Market cap is less than US$10m (AU$8.60m market cap, or US$5.76m). New Risk • Sep 07
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$3.5m This is considered a minor 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 Risk Market cap is less than US$10m (AU$8.78m market cap, or US$5.86m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$3.5m). Shareholders have been diluted in the past year (33% increase in shares outstanding). Breakeven Date Change • Sep 07
Forecast breakeven date pushed back to 2026 The analyst covering Gratifii previously expected the company to break even in 2025. New forecast suggests the company will make a profit of AU$1.80m in 2026. Average annual earnings growth of 150% is required to achieve expected profit on schedule. Duyuru • Sep 07
Gratifii Limited (ASX:GTI) agreed to acquire an unknown majority stake in Ticketmates Australia Pty Ltd from U-T Australia Pty Ltd, Racq Operations Pty. Ltd. and Virtual Domains Pty Ltd for AUD 8 million. Gratifii Limited (ASX:GTI) agreed to acquire an unknown majority stake in Ticketmates Australia Pty Ltd from U-T Australia Pty Ltd, Racq Operations Pty. Ltd. and Virtual Domains Pty Ltd for AUD 8 million on September 5, 2024. A cash consideration of AUD 6 million will be paid by Gratifii Limited. The consideration consists of common equity of Gratifii Limited having a value of AUD 2 million to be issued for common equity of Ticketmates Australia Pty Ltd. As part of consideration, AUD 8 million is paid towards common equity of Ticketmates Australia Pty Ltd. The transaction will be financed through equity investment of AUD 9 million. The transaction is subject to approval of offer by acquirer shareholders, consummation of private placement and third party approval needed. The expected completion of the transaction is October 21, 2024 to October 31, 2024. Duyuru • Jul 12
Gratifii Limited Advises That Alicia Gill Will Step Down as Joint Company Secretary Gratifii Limited advised that Alicia Gill will step down as Joint Company Secretary, effective from July 12, 2024. Ben Newling remains as sole Company Secretary for the Company. Duyuru • Jun 28
Gratifii Limited Announces Resignation of Stephen Borness as Non-Executive Director Gratifii Limited announced that Stephen Borness has announced his retirement from the board as a non-executive director of the Company with effect from June 28, 2024. Stephen Chaired Gratifii through the early stages of its successful growth path when it became re-listed on the ASX and more recently moved to a NED role ahead of the intended resignation. New Risk • Jun 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% 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 (40% average weekly change). Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Market cap is less than US$10m (AU$11.8m market cap, or US$7.87m). Duyuru • Mar 26
Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million. Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 242,822,308
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,177,692
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Sep 30
Gratifii Limited, Annual General Meeting, Nov 30, 2023 Gratifii Limited, Annual General Meeting, Nov 30, 2023. Reported Earnings • Aug 29
Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2022) Full year 2023 results: AU$0.004 loss per share (in line with FY 2022). Revenue: AU$29.9m (up 168% from FY 2022). Net loss: AU$3.81m (loss widened 57% from FY 2022). Duyuru • Jun 14
Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 2.75 million. Gratifii Limited has completed a Follow-on Equity Offering in the amount of AUD 2.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 56,575,143
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 115,299,858
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Transaction Features: Subsequent Direct Listing New Risk • Jun 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$9.70m) 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$2.7m free cash flow). Shares are highly illiquid. Market cap is less than US$10m (AU$14.3m market cap, or US$9.70m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Board Change • Feb 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. MD, CEO & Director Iain Dunstan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. MD, CEO & Director Iain Dunstan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. MD, CEO & Director Iain Dunstan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. MD, CEO & Director Iain Dunstan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. MD, CEO & Director Iain Dunstan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.004 loss per share (vs AU$0 in FY 2021) Full year 2022 results: AU$0.004 loss per share (down from AU$0 in FY 2021). Revenue: AU$11.2m (up 263% from FY 2021). Net loss: AU$2.43m (down AU$2.49m from profit in FY 2021). Board Change • Sep 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. MD, CEO & Director Iain Dunstan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 02
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. MD, CEO & Director Iain Dunstan is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 21
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 Chairman Iain Dunstan is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.