Duyuru • Aug 28
Adveritas Limited, Annual General Meeting, Nov 11, 2025 Adveritas Limited, Annual General Meeting, Nov 11, 2025. Location: sydney Australia Duyuru • Jun 19
Adveritas Limited has completed a Follow-on Equity Offering in the amount of AUD 8.5 million. Adveritas Limited has completed a Follow-on Equity Offering in the amount of AUD 8.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 85,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.005
Transaction Features: Subsequent Direct Listing Duyuru • Sep 20
Adveritas Limited, Annual General Meeting, Nov 18, 2024 Adveritas Limited, Annual General Meeting, Nov 18, 2024. Reported Earnings • Aug 29
Full year 2024 earnings released: AU$0.017 loss per share (vs AU$0.022 loss in FY 2023) Full year 2024 results: AU$0.017 loss per share. Revenue: AU$5.58m (up 89% from FY 2023). Net loss: AU$11.6m (loss widened 6.2% from FY 2023). Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Germany. Breakeven Date Change • Jun 30
Forecast to breakeven in 2026 The analyst covering Adveritas expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$700.0k in 2026. Average annual earnings growth of 83% is required to achieve expected profit on schedule. Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Josh Lowcock was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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 (12% average weekly change). Negative equity (-AU$481k). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$2.9m net loss next year). Revenue is less than US$5m (AU$3.2m revenue, or US$2.1m). Market cap is less than US$100m (€31.4m market cap, or US$33.9m). Duyuru • May 01
Adveritas Limited has completed a Follow-on Equity Offering in the amount of AUD 4.5 million. Adveritas Limited has completed a Follow-on Equity Offering in the amount of AUD 4.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,000,000
Price\Range: AUD 0.06
Transaction Features: Subsequent Direct Listing New Risk • Apr 12
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 German stocks, typically moving 11% 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$12m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-AU$481k). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$2.9m net loss next year). Shareholders have been diluted in the past year (38% increase in shares outstanding). Revenue is less than US$5m (AU$3.2m revenue, or US$2.1m). Market cap is less than US$100m (€24.2m market cap, or US$25.9m). New Risk • Mar 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$12m This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$12m free cash flow). Negative equity (-AU$481k). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$2.9m net loss next year). Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (38% increase in shares outstanding). Revenue is less than US$5m (AU$2.1m revenue, or US$1.3m). Market cap is less than US$100m (€20.0m market cap, or US$21.7m). New Risk • Dec 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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 (12% average weekly change). Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$2.9m revenue, or US$2.0m). Market cap is less than US$100m (€19.6m market cap, or US$21.5m). Duyuru • Dec 13
Adveritas Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Adveritas 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: 44,500,000
Price\Range: AUD 0.05
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,500,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Duyuru • Sep 09
Adveritas Limited, Annual General Meeting, Nov 14, 2023 Adveritas Limited, Annual General Meeting, Nov 14, 2023. Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.022 loss per share (vs AU$0.021 loss in FY 2022) Full year 2023 results: AU$0.022 loss per share (further deteriorated from AU$0.021 loss in FY 2022). Revenue: AU$5.53m (up 165% from FY 2022). Net loss: AU$10.9m (loss widened 20% from FY 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. 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 Less than 1 year of cash runway based on free cash flow trend (-AU$9.1m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-AU$846k). Earnings have declined by 5.2% per year over the past 5 years. 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 (49% increase in shares outstanding). Revenue is less than US$5m (AU$2.6m revenue, or US$1.7m). Market cap is less than US$100m (€17.3m market cap, or US$18.9m). Duyuru • May 18
Adveritas Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Adveritas Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.1
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.1
Transaction Features: Subsequent Direct Listing Duyuru • May 16
Adveritas Limited has completed a Follow-on Equity Offering in the amount of AUD 6.5 million. Adveritas Limited has completed a Follow-on Equity Offering in the amount of AUD 6.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,592,746
Price\Range: AUD 0.048
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,823,920
Price\Range: AUD 0.048
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.011 loss per share (vs AU$0.011 loss in 1H 2022) First half 2023 results: AU$0.011 loss per share (in line with 1H 2022). Revenue: AU$3.43m (up 258% from 1H 2022). Net loss: AU$4.84m (loss widened 7.0% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Board Change • Nov 17
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. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Andrew Stott was the last independent director to join the board, commencing their role in 2019. 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 • Sep 01
Full year 2022 earnings released: AU$0.021 loss per share (vs AU$0.026 loss in FY 2021) Full year 2022 results: AU$0.021 loss per share. Revenue: AU$3.86m (up 300% from FY 2021). Net loss: AU$9.08m (flat on FY 2021). Board Change • Apr 27
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. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Non Executive Chairman Stephen Belben was the last independent director to join the board, commencing their role in 2016. 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 • Aug 31
Full year 2021 earnings released: AU$0.026 loss per share (vs AU$0.047 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$2.73m (up 123% from FY 2020). Net loss: AU$9.00m (loss narrowed 5.1% 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 only increased by 29% per year, which means it is significantly lagging earnings growth.