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Wooboard Technologies Limited (AU:1TT)
ASX:1TT
Australian Market
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Wooboard Technologies Limited (1TT) AI Stock Analysis

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AU

Wooboard Technologies Limited

(Sydney:1TT)

Rating:31Underperform
Price Target:
Wooboard Technologies Limited faces significant financial difficulties, including revenue decline, negative profit margins, and high leverage, which are major concerns. The absence of technical indicators adds uncertainty, and the negative P/E ratio with no dividend yield further detracts from the stock's appeal. Overall, these factors result in a low stock score, highlighting the risks involved.

Wooboard Technologies Limited (1TT) vs. iShares MSCI Australia ETF (EWA)

Wooboard Technologies Limited Business Overview & Revenue Model

Company DescriptionThrive Tribe Technologies Limited, together with its subsidiaries, develops cloud-based Software-as-a-Service solutions that provides employee engagement solutions in Australia. The company operates in two segments, Wooboard Technologies and WooBoard Software as a Service Products. Its solutions include WooBoard, a peer-to-peer employee recognition platform. The company's solutions focus on mental health and wellbeing, skill building, and performance optimization of employees. It serves enterprises, employees, customers, and other supply chain stakeholders. The company was formerly known as Wooboard Technologies Limited and changed its name to Thrive Tribe Technologies Limited in April 2023. Thrive Tribe Technologies Limited was incorporated in 2014 and is based in Sydney, Australia.
How the Company Makes MoneyWooboard Technologies Limited generates revenue primarily through subscription-based models for its software solutions. Businesses pay a recurring fee to access and use Wooboard's platforms, which are designed to integrate seamlessly with existing HR systems. Key revenue streams include subscription fees, customization services for tailored solutions, and consultancy services to help organizations maximize employee engagement strategies. Wooboard also collaborates with strategic partners to expand its market reach and enhance its product offerings, contributing to its revenue growth.

Wooboard Technologies Limited Financial Statement Overview

Summary
Wooboard Technologies Limited is experiencing significant financial challenges, with negative revenue growth, ongoing losses, high debt-to-equity ratio, and negative cash flow. The overall financial health is concerning, indicating a need for strategic interventions.
Income Statement
15
Very Negative
Wooboard Technologies Limited has experienced significant challenges in its income statement with consistent revenue decline and negative profit margins. The net profit margin and EBIT margin are negative, indicating ongoing losses. Revenue growth is also negative, which suggests difficulties in generating sales.
Balance Sheet
30
Negative
The balance sheet reflects a concerning financial position with a high debt-to-equity ratio in the latest period, indicating a risk of over-leverage. However, the company has managed to maintain a positive equity ratio, showing some level of financial stability. The return on equity is negative due to ongoing losses.
Cash Flow
20
Very Negative
Cash flow analysis indicates that Wooboard Technologies Limited is facing significant cash outflows, with negative free cash flow growth and operating cash flow. The free cash flow to net income ratio is concerning, suggesting difficulties in covering net losses with cash generated from operations.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue16.33K18.99K19.20K138.85K66.06K
Gross Profit16.33K-341.02K-1.24M-413.55K-259.02K
EBITDA-3.30M-1.91M-2.16M-2.94M-1.43M
Net Income-3.56M-1.43M-2.17M-2.95M-1.41M
Balance Sheet
Total Assets3.29M7.21M1.70M3.89M360.54K
Cash, Cash Equivalents and Short-Term Investments156.31K5.14M652.75K3.46M72.59K
Total Debt150.00K5.00M0.000.000.00
Total Liabilities1.00M5.49M333.04K352.22K241.97K
Stockholders Equity2.53M1.72M1.36M3.54M118.58K
Cash Flow
Free Cash Flow-3.89M-1.45M-2.81M-3.31M-1.37M
Operating Cash Flow-3.87M-954.47K-2.57M-2.99M-1.37M
Investing Cash Flow-592.15K-883.00K-243.97K-272.45K-153.68K
Financing Cash Flow-512.47K6.32M0.006.66M1.32M

Wooboard Technologies Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$34.60B5.43-11.64%1.84%5.30%-18.55%
AU8CO
41
Neutral
AU$4.03M-349.78%-10.57%67.60%
AUSIS
39
Underperform
AU$6.43M
-8.86%38.46%
AUID8
38
Underperform
AU$4.67M-126.89%-19.29%41.67%
AU1TT
31
Underperform
AU$22.35M
$2.01M-64.68%
AUAOH
20
Underperform
AU$4.79M
-34.12%16.19%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:1TT
Wooboard Technologies Limited
0.01
0.00
0.00%
KNEOF
KNeoMedia Limited
AU:8CO
8Common Ltd
0.02
-0.02
-50.00%
AU:AOH
DomaCom Ltd.
0.06
0.00
0.00%
AU:SIS
Simble Solutions Ltd.
AU:ID8
Identitii Ltd.
0.01
0.00
0.00%

Wooboard Technologies Limited Corporate Events

Thrive Tribe Technologies Passes Key Resolutions at Extraordinary General Meeting
Jul 16, 2025

Thrive Tribe Technologies Limited held an Extraordinary General Meeting where all resolutions were passed by a significant majority. The meeting outcomes, which include the ratification of prior share issues and consolidation of share capital, are expected to strengthen the company’s operational and financial positioning, potentially benefiting stakeholders and enhancing its market presence.

Thrive Tribe Technologies Updates Security Consolidation Details
Jun 25, 2025

Thrive Tribe Technologies Limited has announced an update regarding a security consolidation or split, correcting the treatment of fractions as per a previous notice. The update affects various securities, including ordinary fully paid shares and several options with different expiration dates. This adjustment reflects the company’s ongoing efforts to ensure accurate and transparent communication with its stakeholders.

Thrive Tribe Technologies Announces Security Consolidation
Jun 18, 2025

Thrive Tribe Technologies Limited has announced a security consolidation, affecting several of its securities including ordinary fully paid shares and various options with different expiration dates. This reorganization is set to commence trading on a deferred settlement basis from July 18, 2025, with the record date on July 21, 2025, and the issue date on July 28, 2025. The consolidation is part of the company’s strategic efforts to streamline its securities, potentially impacting its market positioning and stakeholder interests.

Thrive Tribe Technologies Proposes 20:1 Share Consolidation
Jun 13, 2025

Thrive Tribe Technologies Limited has announced a proposed share consolidation at a 20:1 ratio, pending shareholder approval at the upcoming Extraordinary General Meeting on July 16, 2025. This move is intended to establish a more effective capital structure, with the consolidation affecting both shares and options, and is expected to impact the company’s market positioning by potentially enhancing its financial stability and attractiveness to investors.

Thrive Tribe Technologies Announces Extraordinary General Meeting
Jun 13, 2025

Thrive Tribe Technologies Limited has announced an upcoming Extraordinary General Meeting of Shareholders, scheduled for July 16, 2025, at the offices of Thomson Geer in Sydney. Shareholders are encouraged to attend or vote on the proposed resolutions through a proxy or other means. This meeting is an important event for stakeholders to discuss and decide on key business matters.

Thrive Tribe Technologies Updates Cash Flow Statement, Affirms Solvency
May 2, 2025

Thrive Tribe Technologies Limited has released an updated Appendix 4C cash flow statement for the quarter ended March 31, 2025, following discussions with ASX. The company assures its ongoing solvency and expects to remain a going concern by adhering to the outlined steps in the updated document, which may impact its operational stability and stakeholder confidence.

Thrive Tribe Technologies Restructures for Revenue Growth and Rebrands Kumu to MyTribe
Apr 30, 2025

Thrive Tribe Technologies Limited has undergone a strategic restructuring to focus on revenue-generating opportunities, highlighted by the appointment of Jacinta Reuben as the new Chief Operating Officer. The company has rebranded its Kumu platform to MyTribe and is emphasizing a revenue-optimized agency model. The company has onboarded several fee-paying clients, with revenue expected to commence in the upcoming quarter. Additionally, the company continues to hold a 6.67% investment in Slik, which has shown growth in its active client base and secured funding for further development.

Thrive Tribe Technologies Announces Cessation of Securities
Apr 28, 2025

Thrive Tribe Technologies Limited has announced the cessation of 30,000,000 securities due to the expiration of options that were not exercised or converted by the specified date. This cessation of securities may impact the company’s capital structure and could influence investor perceptions and market positioning.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 08, 2025