Duyuru • Mar 11
Traffic Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 0.691646 million. Traffic Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 0.691646 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,915,287
Price\Range: AUD 0.005
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 103,413,820
Price\Range: AUD 0.005
Security Features: Attached Options
Transaction Features: Rights Offering Duyuru • Nov 11
Traffic Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 2.797045 million. Traffic Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 2.797045 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 559,408,983
Price\Range: AUD 0.005
Security Features: Attached Options
Transaction Features: Rights Offering Duyuru • Oct 25
Traffic Technologies Limited, Annual General Meeting, Nov 27, 2024 Traffic Technologies Limited, Annual General Meeting, Nov 27, 2024. Duyuru • Oct 16
Traffic Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 0.904783 million. Traffic Technologies Limited has completed a Follow-on Equity Offering in the amount of AUD 0.904783 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 145,932,778
Price\Range: AUD 0.0062
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 04
Full year 2024 earnings released: AU$0.019 loss per share (vs AU$0.011 loss in FY 2023) Full year 2024 results: AU$0.019 loss per share (further deteriorated from AU$0.011 loss in FY 2023). Revenue: AU$31.9m (down 45% from FY 2023). Net loss: AU$15.3m (loss widened 94% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Duyuru • Sep 26
Traffic Technologies Limited Announces Retirement of Youmin (Peter) Wu as Director Traffic Technologies Ltd. wishes to announce that Mr. Youmin (Peter) Wu has retired from the board of the company. New Risk • Aug 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$7.6m 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 Shares are highly illiquid. Negative equity (-AU$7.6m). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (AU$4.86m market cap, or US$3.29m). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Duyuru • Aug 30
Traffic Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 0.904783 million. Traffic Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 0.904783 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 145,932,778
Price\Range: AUD 0.0062
Transaction Features: Subsequent Direct Listing Duyuru • Aug 29
Traffic Technologies Limited announced that it expects to receive AUD 5.4052 million in funding Traffic Technologies Limited announced a private placement that it will issue 3 year convertible note for the aggregate gross proceeds of AUD 4,500,000 and up to 146,000,000 shares at an issue price of AUD 0.0062 per share for the gross proceeds of AUD 905,200 for the aggregate gross proceeds of AUD 5,405,200 on August 27, 2024. New Risk • Mar 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Shares are highly illiquid. Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (AU$5.23m market cap, or US$3.41m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Duyuru • Mar 22
Traffic Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 1.409267 million. Traffic Technologies Limited has filed a Follow-on Equity Offering in the amount of AUD 1.409267 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 227,301,056
Price\Range: AUD 0.0062 Duyuru • Nov 20
Traffic Technologies Limited Announces Retirement of Tim Fry as Director Traffic Technologies Ltd. announced that Mr. Tim Fry has retired from the board of Traffic Technologies. Mr. Fry has served on the Board since 2020. The Board wishes to thank Mr. Fry for his strong commitment to the company over the past three years and wishes him well in his future endeavours. Duyuru • Oct 27
Traffic Technologies Limited, Annual General Meeting, Nov 29, 2023 Traffic Technologies Limited, Annual General Meeting, Nov 29, 2023, at 10:00 AUS Eastern Standard Time. Agenda: To receive and consider the Financial Report, Director's Report and Auditor's Report on the Company and its controlled entities for the financial year ended 30 June 2023; to consider re-election of Mr. Mark Hardgrave as a Director; to consider election of Mr. Luke Donnellan as a Director; to consider approval of Remuneration Report; and to ratification of prior issue of Shares. Duyuru • Oct 26
Traffic Technologies Limited Announces Chief Financial Officer Changes Traffic Technologies Ltd. announced that it has appointed Mr. Anthony Alembakis as Chief Financial Officer. Mr. Alembakis is an experienced financial manager having most recently served as Chief Financial Officer and Company Secretary of Oceania Glass, a manufacturer and distributor of specilaised glass products. Prior to that he was Financial Controller and Company Secretary of Olex Australia, a manufacturer and distributor of electrical cables. He has significant experience in manufacturing as well as experience working overseas. Mr. Alembakis has a Bachelor of Business degree from Victoria University and a Master of Business Administration degree from Boston University in the USA, and is a Certified Practising Accountant. Mr. Peter Crafter is retiring as Chief Financial Officer but will continue to serve as Company Secretary. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0 (vs AU$0.001 loss in 1H 2022) First half 2023 results: EPS: AU$0 (improved from AU$0.001 loss in 1H 2022). Revenue: AU$32.2m (up 19% from 1H 2022). Net loss: AU$50.0k (loss narrowed 85% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0 in FY 2021) Full year 2022 results: AU$0.001 loss per share (down from AU$0 in FY 2021). Revenue: AU$53.9m (up 2.9% from FY 2021). Net loss: AU$488.0k (down 343% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Aug 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. Independent Chairman Mark Hardgrave was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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. 2 non-independent directors. Independent Chairman Mark Hardgrave was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 15
Full year earnings released - AU$0.029 loss per share Over the last 12 months the company has reported total losses of AU$14.0m, with earnings decreasing by AU$15.2m from the prior year. Total revenue was AU$44.5m over the last 12 months, down 7.8% from the prior year. 