New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 9.3% per year over the past 5 years. Revenue is less than US$1m (AU$653k revenue, or US$438k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (€15.5m market cap, or US$17.2m). Duyuru • Apr 16
RedFlow Limited has filed a Follow-on Equity Offering in the amount of AUD 13.634399 million. RedFlow Limited has filed a Follow-on Equity Offering in the amount of AUD 13.634399 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 118,559,988
Price\Range: AUD 0.115
Discount Per Security: AUD 0.00575
Security Features: Attached Options
Transaction Features: Rights Offering Duyuru • Feb 28
RedFlow Limited to Report First Half, 2024 Results on Feb 29, 2024 RedFlow Limited announced that they will report first half, 2024 results on Feb 29, 2024 New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings have declined by 3.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$13m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 3.2% per year over the past 5 years. Revenue is less than US$1m (AU$1.2m revenue, or US$800k). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$10m net loss next year). Shareholders have been diluted in the past year (32% increase in shares outstanding). Market cap is less than US$100m (€21.5m market cap, or US$23.0m). Duyuru • Jan 29
RedFlow Limited to Report Q2, 2024 Results on Jan 30, 2024 RedFlow Limited announced that they will report Q2, 2024 results on Jan 30, 2024 Duyuru • Dec 19
RedFlow Limited Announces Appointment of Michael Hipwood as Chief Financial Officer Commencing Mid-January 2024 RedFlow Limited announce the appointment of Michael Hipwood as Chief Financial Officer commencing mid-January 2024. With close to 20 years of experience as a CFO, Michael brings with him a wealth of financial, strategic and operational knowledge and is focused on delivering strong results in competitive markets. He has worked for a number of listed and non-listed entities, including his most recent role as CFO of Hysata, a hydrogen electrolyser manufacturing company based in Wollongong. Prior to this, Michael spent 4 years as Tritium's CFO, where he listed the company on the Nasdaq stock exchange in 2022. Other notable CFO roles include Boeing Australia and Boeing Defence Australia, Mincom and LinkWater. He also holds a Master of Business Administration, Accounting and Finance from Deakin University. Michael specialises in accelerating a company's growth potential by bringing a company-wide strategic approach to the finance role. Duyuru • Nov 15
RedFlow Limited Announces Company Secretary Changes RedFlow Limited announced that Trudy Walsh is retiring as Company Secretary, effective 23 November 2023. The Company announced the appointment of Adam Gallagher as Company Secretary effective from 13 November 2023. Adam is an experienced Company Secretary with a broad corporate skillset, holding the position of Company Secretary on a number of ASX listed companies. Adam holds Graduate Diplomas in Applied Corporate Governance and Information Systems, a Masters in Commerce and a Bachelor of Economics. The Board looks forward to working with Adam. Duyuru • Sep 26
RedFlow Limited Receives Funding from U.S. Department of Energy for 34.4 MWh Energy Storage Project Redflow Limited announced that the U.S. Department of Energy (DOE) has approved funding for a 34.4 MWh long-duration energy storage (LDES) microgrid project in which Redflow has been named as the battery provider. The project will form part of the DOE's USD 325 million LDES program which seeks to advance critical clean energy technologies, expand the adoption of renewable energy resources, and strengthen America's energy security, announced on September 22. The Children's Hospital Resilient Grid with Energy Storage (CHARGES) project will enable the Valley Children's Hospital in Madera, California to replace diesel generators with cleaner, more cost-effective resources at the hospital facility, and provide a roadmap for hospitals and critical infrastructure throughout the country to implement similar projects. Redflow will collaborate on the system with its project development partner, Faraday Microgrids. The project is being sponsored, and expected to be co-funded by, the California Energy Commission (CEC).Valley Children's Hospital in Madera is the only full-service pediatric facility in California'sCentral Valley and regularly faces extreme heat conditions, drought, coastal smog, and poor air quality. The 34.4 MWh long-duration energy storage and solar microgrid will enable the hospital to better serve the region's residents, even during power interruptions. This project also represents an important step toward meeting California's goal of installing 45-55 GW of long-duration energy storage by 2045 to support grid reliability and the clean energy transition. The system is expected to maintain critical hospital operations during utility outages or shortages not attributable to earthquakes. In the event of obligatory natural gas or fuel cell shut-offs during seismic events, the systems will maintain facility operations for at least 18 hours after earthquakes. In addition to Redflow batteries, the microgrid will be paired with other renewable energy resources to support decarbonization, result in cost savings for the hospital, provide resilient infrastructure for the hospital in case of natural disasters and power outages, and provide overall grid benefits. Duyuru • Sep 19
RedFlow Limited, Annual General Meeting, Nov 23, 2023 RedFlow Limited, Annual General Meeting, Nov 23, 2023, at 10:01 E. Australia Standard Time. Agenda: To consider the election of directors. Reported Earnings • Sep 01
Full year 2023 earnings released Full year 2023 results: Revenue: AU$4.87m (up 192% from FY 2022). Net loss: AU$13.7m (loss widened 3.1% from FY 2022). 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 1.6% per year over the past 5 years. Revenue is less than US$1m (AU$1.1m revenue, or US$740k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (€24.1m market cap, or US$26.4m). Duyuru • Aug 29
RedFlow Limited to Report Fiscal Year 2023 Results on Aug 31, 2023 RedFlow Limited announced that they will report fiscal year 2023 results on Aug 31, 2023 Recent Insider Transactions • Apr 26
Insider recently sold €154k worth of stock On the 21st of April, Simon Hackett sold around 1m shares on-market at roughly €0.13 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €458k more than they bought in the last 12 months. Reported Earnings • Mar 01
First half 2023 earnings released First half 2023 results: Net loss: AU$6.22m (loss widened 20% from 1H 2022). Duyuru • Feb 07
RedFlow Limited announced that it expects to receive AUD 2.476533 million in funding RedFlow Limited announced a private placement of 9,525,126 common shares at a price of AUD 0.26 per share for gross proceeds of AUD 2,476,532.76 on February 6, 2023. The transaction is expected to close on February 14, 2023. Board Change • Nov 17
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director David Brant was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2022 earnings released Full year 2022 results: Revenue: AU$3.11m (up 34% from FY 2021). Net loss: AU$13.2m (loss widened 39% from FY 2021). 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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director David Brant was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director David Brant was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Full year 2021 earnings released: AU$0.01 loss per share (vs AU$0.011 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$4.92m (up 143% from FY 2020). Net loss: AU$9.55m (loss narrowed 4.7% from FY 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. 