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Comms Group Ltd. (Australia)
(Sydney:CCG)
Comms Group Ltd. (Australia) (CCG) vs. iShares MSCI Australia ETF (EWA)
Comms Group Ltd. (Australia) Business Overview & Revenue Model
Comms Group Ltd. (Australia) Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.88M | 55.46M | 51.92M | 41.05M | 25.12M | 19.13M |
| Gross Profit | 11.75M | 6.94M | 5.13M | 4.93M | 4.07M | 3.88M |
| EBITDA | 3.70M | 4.33M | 4.60M | 2.10M | 1.75M | 2.22M |
| Net Income | -109.49K | -103.10K | -577.73K | -677.38K | 568.29K | 2.58M |
Balance Sheet | ||||||
| Total Assets | 55.93M | 56.45M | 57.67M | 61.45M | 37.67M | 19.94M |
| Cash, Cash Equivalents and Short-Term Investments | 2.72M | 3.58M | 1.93M | 2.94M | 5.50M | 2.41M |
| Total Debt | 9.70M | 9.37M | 11.33M | 11.57M | 1.62M | 1.29M |
| Total Liabilities | 25.11M | 24.67M | 26.43M | 31.44M | 9.69M | 5.93M |
| Stockholders Equity | 30.83M | 31.77M | 31.24M | 30.00M | 27.98M | 14.01M |
Cash Flow | ||||||
| Free Cash Flow | 3.29M | 3.72M | 1.52M | 1.09M | 322.75K | 960.18K |
| Operating Cash Flow | 3.50M | 4.06M | 1.81M | 1.99M | 890.65K | 1.49M |
| Investing Cash Flow | -370.44K | -337.15K | -2.24M | -11.79M | -3.28M | -526.64K |
| Financing Cash Flow | -2.82M | -2.07M | -580.40K | 7.24M | 5.48M | 1.08M |
Comms Group Ltd. (Australia) Technical Analysis
Comms Group Ltd. (Australia) Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$77.78M | 95.00 | 3.26% | ― | 5.37% | -45.95% | |
60 Neutral | AU$28.63M | 60.00 | 1.16% | 4.63% | 48.72% | ― | |
57 Neutral | AU$101.92M | ― | -7.65% | ― | 20.24% | 27.33% | |
56 Neutral | $3.18B | 5.08 | -5.68% | 5.65% | 8.05% | -41.83% | |
47 Neutral | AU$21.51M | ― | -135.93% | ― | 133.36% | 91.40% | |
39 Underperform | AU$7.69M | ― | -23.42% | ― | 64.97% | 86.08% | |
38 Underperform | AU$6.18M | ― | -44.65% | ― | -42.73% | -6050.00% |
Comms Group Ltd. (Australia) Corporate Events
Comms Group Limited announced a correction to the Appendix 3Y for its director, Ryan O’Hare, regarding the reconciliation of shares held in Nashar Super Pty Ltd. O’Hare received 121,602 ordinary shares under the company’s Dividend Reinvestment Plan and 400,000 shares under the Entitlement Offer. The failure to report these shares was identified as an administrative error, highlighting the importance of accurate disclosure in compliance with listing rules.
Comms Group Limited has completed the acquisition of TasmaNet, a strategic move that enhances its network assets and customer base, particularly in Tasmania and regional markets in New South Wales and Queensland. This acquisition is expected to increase Comms Group’s annualized revenue to approximately $75 million, with an EBITDA of $9 million to $10 million, and has been positively received by key customers, strengthening the company’s market position and service offerings.
Comms Group Ltd. has announced a change in the director’s interest, with Ryan O’Hare acquiring an additional 1,403,772 ordinary shares through an entitlement offer. This acquisition reflects a strategic move to strengthen the director’s investment in the company, potentially signaling confidence in the company’s future prospects and stability in the telecommunications market.
Comms Group Ltd has announced the quotation of 43,386,829 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of June 10, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the availability of its securities for trading.
Comms Group Ltd. has successfully completed its 1 for 9 non-renounceable entitlement offer, raising approximately $0.65 million from eligible shareholders, with a total of 43.4 million new shares to be issued. The remaining shares not taken up by shareholders will be allocated to sub-underwriters. This capital raising effort is expected to bolster the company’s financial position and support its strategic initiatives in the cloud communications and IT solutions market.
Comms Group Ltd. has announced the issuance of 96,400,000 fully paid ordinary shares to sophisticated, professional, and institutional investors at an offer price of $0.05 per share. This strategic move is expected to enhance the company’s capital base and potentially strengthen its market position, reflecting compliance with relevant provisions of the Corporations Act.
Comms Group Ltd. announced the application for quotation of 96,400,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the company’s capital base and facilitating future growth opportunities.
Comms Group Ltd. has announced a capital raising initiative involving a non-underwritten placement of 96.4 million new shares to institutional investors and a fully underwritten entitlement offer of 43.3 million new shares, aiming to raise approximately $6.985 million in total. The initiative is structured to maintain existing shareholders’ percentage interests if they fully participate in the entitlement offer, although the placement will dilute existing holdings. The company does not anticipate any material impact on its control structure as a result of this capital raising.
Comms Group Limited has announced the acquisition of TasmaNet and select assets from Field Solutions Holdings Limited, which recently entered voluntary administration. This strategic move is expected to enhance Comms Group’s service offerings, particularly in Tasmania, where TasmaNet is a leading provider of premium data communication services to government and businesses. The acquisition is anticipated to add significant recurring revenue and EBITDA to Comms Group’s financial profile, strengthening its market position and operational capabilities.
Comms Group Ltd has announced a proposed issue of securities, planning to issue a total of 139.7 million ordinary fully paid shares. This includes a standard pro rata issue of 43.3 million shares and a placement of 96.4 million shares, with the aim of raising capital to support its operations and strategic initiatives.
Comms Group Limited has announced a strategic acquisition of TasmaNet, a leading provider of communication and managed IT services in Tasmania. This acquisition is expected to significantly boost Comms Group’s revenue to approximately $75 million annually and enhance its market position in the government and corporate sectors. The deal includes key network assets such as a fixed wireless broadband network and a high-capacity fibre optic network, which will expand Comms Group’s service offerings and geographical reach. The acquisition is immediately earnings accretive and will be funded through a combination of equity raising and a debt facility. Completion is anticipated by the end of May 2025, pending third-party consents.
Comms Group Ltd has requested a trading halt on its securities pending an announcement regarding an acquisition and a capital raise through a placement of ordinary shares. This move is intended to help the company manage its disclosure obligations and is expected to conclude with an announcement before the resumption of trading on 16 May 2025. The trading halt is significant as it indicates strategic financial maneuvers that could impact the company’s market positioning and stakeholder interests.
Comms Group Ltd has announced the application for quotation of 367,323 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective April 24, 2025. This move is part of the company’s strategy to strengthen its financial position and potentially expand its market presence, which could have implications for its stakeholders by enhancing shareholder value and increasing market liquidity.
Comms Group Limited reported unaudited group revenues of $41.3 million and an Underlying EBITDA of $3.8 million for the nine months ending March 31, 2025. The company anticipates a positive outcome for the June 2025 quarter due to increased billings from key deals and new sales contracts. Comms Group reaffirmed its FY25 revenue target of $55 million to $57 million and an Underlying EBITDA target of $5 million to $6 million, indicating stable growth and strong market positioning.
Comms Group Ltd. reported record revenues for March 2025, with total revenue reaching $5.0 million, driven by strong performances across its Global, Secure Modern Workplace Solutions, and Cloud Communications and Collaboration businesses. The company has secured new sales contracts worth $2.4 million in annual recurring revenue, expanded its customer base with major international clients, and initiated key projects to enhance operational efficiency and cybersecurity, reinforcing its commitment to delivering secure and compliant solutions.
Comms Group Ltd announced the cessation of 500,000 performance rights due to the lapse of conditional rights which have not been satisfied. This announcement may impact the company’s issued capital and could have implications for stakeholders regarding the company’s performance metrics and future financial planning.