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Flexiroam Ltd
(Sydney:FRX)
Flexiroam Ltd (FRX) vs. iShares MSCI Australia ETF (EWA)
Flexiroam Ltd Business Overview & Revenue Model
Flexiroam Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 15.27M | 2.76M | 3.67M | 2.52M | 8.01M | Gross Profit |
| 6.47M | 1.45M | 1.48M | -986.37K | 3.57M | EBIT |
| -780.06K | -2.41M | -4.02M | -2.36M | -1.29M | EBITDA |
| 1.26M | 3.28M | -4.00M | -2.34M | -1.23M | Net Income Common Stockholders |
| -1.06M | 3.00M | -4.19M | -2.39M | -3.09M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 492.84K | 1.30M | 4.21M | 2.81M | 615.74K | Total Assets |
| 7.11M | 7.09M | 4.71M | 3.41M | 1.41M | Total Debt |
| 400.00K | 0.00 | 0.00 | 3.43K | 12.42K | Net Debt |
| -61.12K | -1.30M | -4.21M | -2.81M | -603.33K | Total Liabilities |
| 7.20M | 8.21M | 6.71M | 6.79M | 6.52M | Stockholders Equity |
| -80.75K | -1.12M | -1.99M | -3.38M | -5.12M |
| Cash Flow | Free Cash Flow | |||
| -3.02M | -1.91M | -61.30K | -538.52K | -1.95M | Operating Cash Flow |
| -1.06M | -1.62M | 16.96K | -538.52K | -1.92M | Investing Cash Flow |
| -1.95M | -291.90K | -78.26K | 2.33K | -23.90K | Financing Cash Flow |
| 2.30M | -69.00 | 4.25M | 2.89M | 2.02M |
Flexiroam Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $53.75B | 32.30 | 11.34% | 4.07% | 1.24% | -16.88% | |
60 Neutral | $14.21B | 6.47 | -3.76% | 3.69% | 2.48% | -35.46% | |
52 Neutral | $330.31M | ― | -19.32% | ― | -13.61% | 86.37% | |
44 Neutral | AU$4.31M | ― | -244.13% | ― | 7.28% | 31.75% | |
42 Neutral | AU$9.43M | ― | ― | ― | ― | ||
40 Underperform | AU$440.89M | ― | -133.28% | ― | 72.47% | 20.08% |
Flexiroam Ltd Corporate Events
Flexiroam Ltd has achieved profitability in March 2025, driven by a streamlined cost base and a strategic focus on platform-based recurring revenue. The company has strengthened its financial position with a $3.93 million rights issue, reducing debt and enhancing financial flexibility. New partnerships with Etihad Airways and Mondelez International support its shift towards a platform-based model, enabling global eSIM subscriptions for enterprise clients. Flexiroam enters Q4 FY25 with strong momentum, focusing on scaling its platform and accelerating recurring revenue growth through continued investment in R&D and innovation.
Flexiroam Limited has announced a change in its principal place of business to a new location in Petaling Jaya, Malaysia. This move could potentially enhance the company’s operational efficiency and strengthen its market presence in the region, aligning with its mission to provide seamless global connectivity solutions.
Flexiroam Limited has announced a change in the interests of one of its substantial holders, Richmond Bridge Superannuation Pty Ltd. The change, effective from February 6, 2025, was due to a dilution via the issuance of new shares, reducing Richmond Bridge’s voting power from 12.39% to 6.44%. This adjustment in shareholding could impact the company’s governance dynamics and influence over decision-making processes.
FlexiRoam Limited announced the resignation of Mr. Christopher Burton as Non-Executive Director, effective immediately. Mr. Burton, who joined the board in June 2024, contributed significantly to the company’s strategic direction and growth. The board expressed gratitude for his service and reaffirmed its commitment to pursuing strategic initiatives for innovation and long-term growth.
Flexiroam Ltd reported a 7% increase in revenue for the half-year ending December 31, 2024, totaling AUD 7.58 million. However, the company experienced a significant increase in net loss, which rose by 404% to AUD 2.12 million. The report highlights a material uncertainty regarding the company’s ability to continue as a going concern, emphasizing the need for positive operating cash flows or additional funding to sustain its operations.
Flexiroam Ltd’s substantial shareholder, Mr. Kenn Tat “Jefrey” Ong, has significantly increased his voting power in the company from 7.44% to 19.66%. This change was primarily due to a take-up of entitlements and partial underwriting of the offer, indicating a strategic consolidation of shares. This increase in voting power may impact the company’s governance and decision-making processes, potentially influencing its strategic direction and further market positioning.
Flexiroam Ltd announced that Tat Seng Koh, a substantial holder, has ceased to be a significant holder in the company as of February 6, 2025. This change reflects a shift in shareholder structure as Koh’s voting securities were affected by a non-renounceable offer, potentially impacting the company’s market dynamics and stakeholder interests.
Flexiroam Limited has announced a significant change in the interest of its director, Jefrey Ong, who has acquired 239,999,999 fully paid ordinary shares, increasing his total holdings to 298,394,586 shares. This acquisition was part of a non-renounceable entitlement offer, reflecting strategic moves to strengthen the company’s financial positioning and possibly enhance shareholder value.
Flexiroam Ltd has announced the issuance of 731,754,813 new fully paid ordinary shares to be quoted on the Australian Securities Exchange (ASX) under the code FRX, effective February 6, 2025. This move, stemming from previously announced transactions, is aimed at strengthening the company’s market position and potentially enhancing liquidity and investor interest in its securities.
Flexiroam Limited announced the results of its recent entitlement offer, raising approximately $3.66 million before costs. The offer, partially underwritten by founder and interim CEO Jef Ong, resulted in the issuance of 731,754,813 new shares, with normal trading on the ASX expected to commence soon. This move strengthens Flexiroam’s financial position, potentially enhancing its market presence and operational capabilities in the travel connectivity sector.