Duyuru • Jun 23
Hydrix Limited has completed a Follow-on Equity Offering in the amount of AUD 5.884902 million. Hydrix Limited has completed a Follow-on Equity Offering in the amount of AUD 5.884902 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 777,469,694
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: 267,110,768
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: 132,400,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Jun 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 285% 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 (31% average weekly change). Negative equity (-AU$9.1m). Shareholders have been substantially diluted in the past year (285% increase in shares outstanding). Market cap is less than US$10m (AU$4.20m market cap, or US$2.97m). Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • May 19
Hydrix Limited has filed a Follow-on Equity Offering in the amount of AUD 8.183065 million. Hydrix Limited has filed a Follow-on Equity Offering in the amount of AUD 8.183065 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,636,613,082
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Transaction Features: Rights Offering Board Change • Dec 31
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Sep 30
Hydrix Limited, Annual General Meeting, Nov 27, 2025 Hydrix Limited, Annual General Meeting, Nov 27, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.011 loss per share (vs AU$0.038 loss in FY 2024) Full year 2025 results: AU$0.011 loss per share (improved from AU$0.038 loss in FY 2024). Revenue: AU$10.3m (down 3.4% from FY 2024). Net loss: AU$2.92m (loss narrowed 70% from FY 2024). 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 42% per year, which means it is significantly lagging earnings. Board Change • Aug 18
Less than half of directors are independent 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. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 06
Full year 2024 earnings released: AU$0.038 loss per share (vs AU$0.002 loss in FY 2023) Full year 2024 results: AU$0.038 loss per share (further deteriorated from AU$0.002 loss in FY 2023). Revenue: AU$10.6m (down 19% from FY 2023). Net loss: AU$9.56m (loss widened AU$9.16m from FY 2023). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Duyuru • Sep 19
Hydrix Limited, Annual General Meeting, Nov 25, 2024 Hydrix Limited, Annual General Meeting, Nov 25, 2024. New Risk • Sep 06
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$3.4m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$1.9m free cash flow). Shares are highly illiquid. Negative equity (-AU$3.4m). Earnings have declined by 1.3% per year over the past 5 years. Market cap is less than US$10m (AU$2.80m market cap, or US$1.88m). Board Change • Nov 03
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. 5 non-independent directors. Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 17
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. 5 non-independent directors. Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 29
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. 5 non-independent directors. Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 20
Hydrix Limited, Annual General Meeting, Nov 13, 2023 Hydrix Limited, Annual General Meeting, Nov 13, 2023, at 11:01 AUS Eastern Standard Time. Board Change • Sep 06
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. 5 non-independent directors. Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 05
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 16% 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$4.1m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 8.2% per year over the past 5 years. Market cap is less than US$10m (AU$9.66m market cap, or US$6.34m). Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding). Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.009 loss per share (vs AU$0.015 loss in 1H 2022) First half 2023 results: AU$0.009 loss per share (improved from AU$0.015 loss in 1H 2022). Revenue: AU$7.23m (up 40% from 1H 2022). Net loss: AU$1.96m (loss narrowed 18% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Duyuru • Feb 15
Hydrix Limited Announces TGA Response to Guardian Application Hydrix Limited has been advised by the TGA that its current application for regulatory approval to market and distribute the Angel Medical Systems Guardian in Australia is not going to be accepted. Hydrix has not yet received formal notice of its decision from the TGA. Hydrix and AngelMed's position on the Guardian: Australia is one of eight countries where Hydrix has exclusive rights to distribute the Guardian covering a total population of more than 500 million people. Hydrix has commenced commercialisation of the Guardian in approved markets, including in Singapore and Malaysia, where eight successful implants have been completed. The TGA granted Hydrix until close of business the 27th of February 2023 to consider its response. Hydrix is seeking clarification from the TGA, and during this period, will consider the matters raised and evaluate the alternate pathways and options available to seek a TGA approval. The TGA has advised that in their view, AngelMed's clinical evidence did not demonstrate that the patient benefits sufficiently outweighed the risks of an implanted device using a pacemaker lead to monitor the heart signal to detect and alarm a patient of a life threatening situation. Hydrix and AngelMed are confident in the safety and efficacy of the Guardian device, and that the benefits outweigh the risks to improve the current standard of care based on more than 3,450 patient years of safety data and 1,550 patient years of efficacy /performance data. When the US FDA approved the device, it stated in its decision that the benefits outweigh the risks, and that the device "fills an unmet medical need by providing more effective diagnosis of a life-threatening condition compared to relying on patient symptoms alone." Hydrix confirms the TGA application and information variously provided included all of the information used to gain regulatory approval in the USA (June 2021), Singapore (August 2022) and Malaysia (June 2022) where it is now being prescribed to suitable ACS patients. Board Change • Jan 03
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. 5 non-independent directors. Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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. 4 non-independent directors. Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 15
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. 4 non-independent directors. Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
Full year 2022 earnings released: AU$0.032 loss per share (vs AU$0.068 loss in FY 2021) Full year 2022 results: AU$0.032 loss per share (up from AU$0.068 loss in FY 2021). Revenue: AU$10.5m (up 13% from FY 2021). Net loss: AU$5.55m (loss narrowed 43% from FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Aug 11
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. 4 non-independent directors. Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. 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. 4 non-independent directors. Independent Non-Executive Director Paul Wright was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.015 loss per share (up from AU$0.039 loss in 1H 2021). Revenue: AU$5.17m (up 1.5% from 1H 2021). Net loss: AU$2.40m (loss narrowed 50% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Full year 2021 earnings released: AU$0.068 loss per share (vs AU$0.043 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$9.31m (down 41% from FY 2020). Net loss: AU$9.78m (loss widened 204% from FY 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 27
New 90-day low: AU$0.23 The company is down 20% from its price of AU$0.28 on 27 November 2020. The Australian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 28% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: AU$0.27 The company is down 25% from its price of AU$0.35 on 16 September 2020. The Australian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. 
