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FBR Limited
(Sydney:FBR)
FBR Limited (FBR) vs. S&P 500 (SPY)
FBR Limited Business Overview & Revenue Model
FBR Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.27M | 836.71K | 1.66M | 765.23K | 98.52K | 11.03K | Gross Profit |
| -1.32M | 261.18K | -24.64M | -15.61M | -4.40M | -602.08K | EBIT |
| -30.98M | -33.58M | -31.13M | -22.94M | -9.76M | -12.05M | EBITDA |
| -26.64M | -28.50M | -26.72M | -17.53M | -8.64M | -11.42M | Net Income Common Stockholders |
| -24.86M | -27.77M | -22.89M | -19.98M | -9.33M | -11.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 16.35M | 3.74M | 13.40M | 11.52M | 11.13M | 5.08M | Total Assets |
| 83.65M | 74.96M | 86.60M | 73.34M | 68.51M | 57.86M | Total Debt |
| 9.29M | 8.20M | 9.31M | 10.19M | 1.03M | 123.54K | Net Debt |
| -7.07M | 4.46M | -4.09M | -1.33M | -10.09M | -4.96M | Total Liabilities |
| 14.08M | 13.92M | 15.09M | 15.07M | 6.15M | 4.64M | Stockholders Equity |
| 69.56M | 61.04M | 71.51M | 58.27M | 62.37M | 53.22M |
| Cash Flow | Free Cash Flow | ||||
| -28.04M | -25.33M | -29.69M | -22.71M | -15.64M | -29.60M | Operating Cash Flow |
| -25.86M | -21.63M | -16.83M | -15.34M | -5.20M | -9.36M | Investing Cash Flow |
| -388.58K | -3.73M | -10.82M | -3.38M | -3.51M | -10.95M | Financing Cash Flow |
| 27.26M | 16.70M | 29.54M | 19.11M | 14.75M | 10.97M |
FBR Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $4.43B | 12.01 | 5.15% | 249.50% | 3.98% | -11.60% | |
64 Neutral | $1.13B | 65.04 | -0.70% | ― | 6.36% | -115.00% | |
44 Neutral | $37.79M | ― | -5.28% | ― | -100.00% | -8.33% | |
42 Neutral | $47.50M | ― | ― | 83.89% | ― | ||
40 Underperform | $470.95M | ― | -133.28% | ― | 72.47% | 20.08% | |
38 Underperform | $34.14M | ― | -39.59% | ― | -55.83% | 32.05% |
FBR Limited Corporate Events
FBR Limited has announced that the Takeovers Panel has allowed Mr. Bob Ciesla to withdraw his application concerning the company’s affairs. The Panel, which had not yet decided to conduct proceedings, found no public interest concerns in permitting the withdrawal and will not publish further details on the matter.
FBR Limited has issued 53,820,242 fully paid ordinary shares at A$0.01 per share to complete Tranche 2 of its placement. This move is part of the company’s ongoing efforts to raise capital and strengthen its financial position, potentially impacting its operations and market positioning positively. The company has complied with relevant provisions of the Corporations Act and confirms no additional information needs to be disclosed to investors.
FBR Limited has announced the quotation of 53,820,242 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of May 12, 2025. This move is part of a previously announced transaction and is expected to enhance the company’s capital structure, potentially impacting its market position and providing additional resources for growth and innovation in the construction technology sector.
FBR Limited has successfully completed its A$6.3 million placement, receiving the final tranche of funds amounting to approximately A$0.54 million. The company has made significant strides in reducing operational costs, particularly through headcount reduction, and has consolidated its operations into a single location. These measures, along with the repayment of a portion of its debt, have positioned FBR in a stronger financial state, allowing it to focus on its core technical team and ongoing R&D projects, including collaborations with external partners like Samsung Heavy Industries.
FBR Limited held a General Meeting on May 6, 2025, where all resolutions were decided by a poll and carried. The meeting outcomes, including proxy votes and voting results, were disclosed in compliance with relevant corporate regulations, indicating a smooth decision-making process and continued shareholder support.
FBR Limited, a company involved in an unspecified industry, is facing a situation where the Acting President of the Takeovers Panel has declined a request to make an interim order to defer the company’s Extraordinary General Meeting (EGM) scheduled for May 6, 2025. This decision leaves the company’s stakeholders in a state of uncertainty as no panel has been appointed to review the application, and no decision has been made regarding the proceedings, potentially impacting the company’s governance and decision-making processes.
FBR Limited is facing scrutiny from shareholder Bob Ciesla, who has submitted an application to the Takeovers Panel regarding the company’s handling of a funding proposal. The application highlights concerns over the complexity of resolutions presented to shareholders, lack of competitive financing exploration, and potential dilution from a placement to Fidelity International Limited. The applicant seeks to defer the extraordinary general meeting and calls for more disclosure.
FBR Limited’s quarterly report highlights significant advancements in its U.S. operations, including the completion of a demonstration program with builders and a notable build for PulteGroup, which garnered media attention. The expiration of exclusivity with CRH Ventures opens new opportunities for FBR to explore partnerships and funding for its Wall as a Service® in the U.S. Additionally, FBR is collaborating with Samsung Heavy Industries to explore the application of its robotic technology in shipbuilding and with Liebherr to support the localization and assembly of Hadrian X® machines in the U.S. Financially, the company reported increased customer receipts and a focus on cost rationalization to preserve its technology and capabilities.
FBR Limited has appointed Shannon Robinson as the new Chair, succeeding Richard Grellman, who will continue as a Non-Executive Director. Robinson brings extensive experience as a company director and has previously served as Chair of FBR Limited. Additionally, Rhys Waldon will assume the role of Company Secretary, effective May 1, 2025, bringing significant corporate secretarial and legal experience to the company. These appointments are expected to strengthen FBR’s leadership and enhance its corporate governance, potentially impacting its industry positioning and stakeholder relations positively.
FBR Limited announced that Michael John Pivac has ceased to be a director as of April 17, 2025. The notice details Pivac’s interests in the company’s securities, which include 77,589,371 ordinary shares and loan-funded shares. This change in the board could impact FBR Limited’s governance and strategic direction, potentially affecting stakeholders’ interests.
FBR Limited announced the cessation of a significant number of performance rights, totaling 83,661,189 securities, due to expiry and other reasons as of April 17, 2025. This development may impact the company’s financial structure and could influence its market positioning by potentially affecting investor perceptions and stakeholder interests.
FBR Limited has announced the appointment of Mark Pivac as the new CEO, succeeding Mike Pivac, who is retiring. This leadership change aligns with the company’s strategy to commercialize its technology while enhancing efficiency and reducing costs. The board will be restructured to include three non-executive directors with revised remuneration, reflecting a commitment to cost rationalization. FBR is actively engaging with strategic partners to explore commercial projects and opportunities for its technology in various industries, including construction, steel, mining, and energy. The company is well-positioned to execute its corporate strategy, leveraging its capabilities in designing and producing complex mechatronic systems.
FBR Limited has announced an Extraordinary General Meeting to be held on May 6, 2025, in Perth, Western Australia. The meeting will address the ratification of a previous share issue to Bell Potter Securities Limited, with specific voting exclusions in place for certain parties associated with Bell Potter.
FBR Limited has announced a General Meeting for its shareholders, scheduled to take place physically on May 6, 2025, in Perth. The meeting will focus solely on the resolutions outlined in the Notice of Meeting, with no general business to be discussed. Shareholders are encouraged to vote online or submit proxy forms in advance, as no hard copies of the Notice will be sent unless specifically requested. The company will provide updates via ASX announcements if there are any changes to the meeting arrangements.
FBR Limited has announced a change in the interests of a substantial holder due to a dilution of interests following a share issue announced on April 2, 2025. This adjustment in voting power reflects the company’s ongoing financial and operational strategies, potentially impacting its market positioning and stakeholder interests.
FBR Limited has announced a significant change in the voting power of its substantial holders, Horsley Park Holdings Pty Ltd and Brickworks Limited, due to the issuance of new shares. The issuance of 574,500,000 new fully paid ordinary shares on April 2, 2025, as part of a placement, has diluted the voting power of these substantial holders from 15.27% to 12.99%. This change reflects the company’s strategic move to raise capital, which may impact its market position and influence the interests of its stakeholders.
FBR Limited has experienced a change in its substantial holdings, with M&G Plc and its subsidiary companies increasing their voting power in the company. The recent acquisition of 20 million NPV ordinary shares by M&G Investment Management Limited has resulted in a change in their voting power from 13.02% to 11.99%. This adjustment in shareholding reflects M&G’s strategic investment decisions and could influence FBR Limited’s market dynamics and stakeholder interests.
FBR Limited has completed a significant portion of its A$6.3 million placement, issuing 574,500,000 fully paid ordinary shares at A$0.01 each as part of Tranche 1. This move, announced on April 2, 2025, aligns with FBR’s strategic objectives to enhance its financial position and operational capabilities. The company has adhered to relevant provisions of the Corporations Act, ensuring transparency and compliance, which is crucial for maintaining investor confidence and supporting its market positioning.
FBR Limited has announced the quotation of 574,500,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of April 2, 2025. This move is part of a previously announced transaction and reflects FBR’s ongoing efforts to enhance its market presence and operational capacity, potentially impacting its stakeholders by increasing the liquidity and visibility of its shares.
FBR Limited has announced a new issuance of securities, proposing to issue 53,820,242 ordinary fully paid shares. The proposed issue date for these securities is May 8, 2025. This move is part of a placement or other type of issue, and the company has applied for these securities to be quoted on the ASX. This announcement could potentially impact FBR’s market positioning by increasing its capital base, which may be used for future growth initiatives or operational needs.
FBR Limited has announced a proposed issue of 574,500,000 ordinary fully paid securities, scheduled for April 2, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s market positioning by increasing its capital base and providing funds for further development and expansion of its robotic construction technologies.
FBR Limited has successfully raised A$6.3 million through a placement supported by both Australian and international investors. The funds will be used for working capital, restructuring, and development costs as the company undertakes a cost rationalization program aimed at reducing annual costs by approximately 70%. This includes significant reductions in headcount and director salaries, as well as consolidating facilities. FBR is also actively pursuing opportunities in the US market and engaging with strategic advisors to maximize shareholder value. The company is focusing on monetizing its intellectual property and exploring adjacent applications for its technology, with ongoing discussions in the steel, energy, and construction industries.
FBR Limited has requested a trading halt on its securities pending an announcement related to a proposed capital raising. This move is intended to provide the company with the necessary time to finalize details of the capital raising, which could impact its financial position and market operations. The trading halt is expected to last until the announcement is made or until normal trading resumes on March 27, 2025.
FBR Limited has entered into an agreement with Liebherr-Mischtechnik GmbH to assist in establishing a US assembly plant for their Hadrian X® robots, which will expedite production and reduce costs for the US market. This collaboration is a strategic step towards the commercialization of FBR’s Wall as a Service® in the US, enhancing their industry positioning and potentially benefiting stakeholders through increased operational efficiency and market reach.
FBR Limited reported a 13% decline in revenue to $593,864 for the half-year ending December 2024, with a 6% increase in net loss to $16,867,245. The company’s financial performance was impacted by significant costs including professional services, corporate administration, and USA deployment expenses. Additionally, there is a material uncertainty regarding the company’s ability to continue as a going concern, as highlighted in the audit report.
FBR Limited has successfully demonstrated its robotic technology to Samsung Heavy Industries (SHI) and is moving forward with negotiations for a joint development agreement. This collaboration aims to automate certain shipbuilding processes using FBR’s DST technology, potentially speeding up manufacturing and freeing skilled workers for other tasks, which could significantly impact the shipbuilding industry.
FBR Limited has successfully completed the construction of a demonstration home using its Hadrian X® bricklaying robot for DiVosta Homes, a subsidiary of PulteGroup, in Fort Myers, Florida. This initiative showcases FBR’s commitment to addressing labor shortages and construction efficiency in the U.S. market, highlighting the potential for robotic technology to transform the homebuilding industry. PulteGroup is keen on leveraging such innovations to enhance construction quality and sustainability, indicating a positive impact on the industry and potential growth opportunities for FBR.