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Sprintex Limited
(Sydney:SIX)
Sprintex Limited (SIX) vs. S&P 500 (SPY)
Sprintex Limited Business Overview & Revenue Model
Sprintex Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.52M | 1.20M | 1.02M | 493.32K | 574.85K | 1.13M | Gross Profit |
| 257.88K | 359.90K | 211.89K | 41.13K | 332.83K | 145.62K | EBIT |
| -6.23M | -4.18M | -4.36M | -4.13M | -1.35M | -1.81M | EBITDA |
| -5.49M | -3.69M | -3.34M | -5.74M | -3.31M | -2.63M | Net Income Common Stockholders |
| -6.55M | -4.50M | -4.38M | -5.88M | 127.64K | -2.37M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 598.22K | 1.94M | 49.25K | 80.04K | 2.57M | 176.26K | Total Assets |
| 3.34M | 4.49M | 2.30M | 1.88M | 3.46M | 673.89K | Total Debt |
| 5.25M | 4.71M | 3.20M | 337.33K | 284.01K | 6.25M | Net Debt |
| 4.90M | 2.77M | 3.18M | 257.29K | -2.28M | 6.07M | Total Liabilities |
| 7.75M | 6.38M | 4.48M | 706.53K | 611.07K | 8.22M | Stockholders Equity |
| -4.41M | -1.89M | -2.18M | 1.17M | 2.84M | -7.55M |
| Cash Flow | Free Cash Flow | ||||
| -2.37M | -3.76M | -3.31M | -5.24M | -3.40M | -1.07M | Operating Cash Flow |
| -2.08M | -3.52M | -3.21M | -4.29M | -3.35M | -1.01M | Investing Cash Flow |
| -295.07K | -169.34K | 52.69K | -946.36K | -357.64K | -542.01K | Financing Cash Flow |
| 818.92K | 5.58M | 3.13M | 2.75M | 6.09M | 971.30K |
Sprintex Limited Technical Analysis
Sprintex Limited Peers Comparison
Sprintex Limited Corporate Events
Sprintex Limited has announced a change in the substantial holding of its shares by Michael Wilson, who now holds a relevant interest in 34,000,000 ordinary shares, representing a voting power of 5.41%. This change reflects a significant acquisition of shares both off-market and on-market, impacting the company’s shareholder structure and potentially influencing its governance and strategic decisions.
Sprintex Limited has reported significant advancements in the March quarter, setting a strong foundation for future sales and market expansion. The company completed a proof of concept with Mest Water, leading to negotiations for a substantial order of ZLD-Up systems valued at over A$8 million. Additionally, Sprintex’s participation in the Hannover Messe technology fair has generated interest and potential partnerships, while a successful collaboration with SEA LIFE demonstrated a 72% energy reduction, highlighting the efficiency of Sprintex’s technology. With a capitalization of A$53.25 million, Sprintex is well-positioned for continued innovation and growth.
Sprintex Limited has made significant progress in its collaboration with Mest Water, a leading European environmental company, to advance the ZLD-Up system for sustainable manure processing and ammonia reduction. The partnership is on the verge of finalizing a maiden purchase order with a major agribusiness group in the Netherlands, expected to be valued at over €4.5 million. Additionally, Sprintex showcased its G15 and G25 Jet Blowers at the Hannover Messe trade fair, generating substantial interest from potential distributors and partners due to their high efficiency and compact design. This exposure is expected to expand Sprintex’s market opportunities and strengthen its position in the rapidly growing demand for sustainable blower solutions.
China Automotive Holdings Limited has increased its stake in Sprintex Limited, now holding 22.75% of the voting power, up from 22.18%. This change in substantial holding reflects strategic acquisitions and placements, indicating a strengthened position in the company, which could impact its market influence and shareholder dynamics.
Sprintex Limited has announced a change in the substantial holding of its shares by Euro Mark Limited. Euro Mark Limited increased its voting power from 11.00% to 11.80% by acquiring 14,000,000 ordinary shares through a placement valued at $700,000. This change in shareholding may impact the company’s governance and strategic decisions, as Euro Mark Limited now holds a more significant influence over voting matters.
Sprintex Limited has successfully implemented its G15 Jet Blower at SEA LIFE Sunshine Coast aquarium, resulting in a 72% reduction in energy consumption and significant noise reduction. This initiative, part of a collaboration with Fresh By Design and Merlin Entertainments, demonstrates the scalability of Sprintex’s technology across SEA LIFE’s global network of 57 aquariums. The G15 Jet Blower offers substantial energy and cost savings, reducing CO2 emissions by approximately 30 metric tonnes per site annually. The success of this project positions Sprintex to capitalize on the growing demand for energy-efficient solutions in the global aquarium sector and beyond, with implications for increased sales and market growth.
Sprintex Limited announced the issuance of 20,000,000 unquoted options set to expire on June 30, 2026, with an exercise price of $0.10. This issuance is part of previously announced transactions, potentially impacting the company’s capital structure and providing strategic flexibility for future growth initiatives.
Sprintex Limited has announced the cessation of 630,000 convertible notes, which were repaid or redeemed without conversion as of April 3, 2025. This move may impact the company’s financial structure and could signal a strategic shift in its capital management, potentially affecting stakeholders’ perceptions and the company’s positioning in the market.
Sprintex Limited announced the cessation of 850,000 convertible notes due to repayment or redemption without conversion, effective April 2, 2025. This move reflects the company’s strategic financial management, potentially impacting its capital structure and signaling a focus on optimizing its financial operations.
Sprintex Limited has announced the issuance of 65,000,000 ordinary fully paid securities to be quoted on the Australian Securities Exchange (ASX) under the code SIX. This move is part of a previously announced transaction, which could potentially enhance the company’s liquidity and market presence, offering stakeholders an opportunity to engage with the company’s growth trajectory.
Sprintex Limited has issued a prospectus for the offering of new options and shares, aiming to raise capital and remove trading restrictions on previously issued shares. The prospectus is part of compliance with the Corporations Act and emphasizes the speculative nature of the securities, advising potential investors to seek professional advice.
Sprintex Limited has announced a proposed issue of securities, including options and ordinary shares, with a total of 85 million securities to be issued. This move is part of a placement or other type of issue, with the proposed issue date set for April 2, 2025. The issuance aims to enhance the company’s capital structure, potentially impacting its market position and providing opportunities for stakeholders.
Sprintex Limited has announced a $3.25 million placement to strengthen its balance sheet and support aggressive sales expansion into Asia-Pacific and European markets. The funds will be used to reduce debt, scale up production of the G25+ platform models, and reconfigure its Malaysian facility to prioritize high-speed electric motor products. This strategic move aims to enhance Sprintex’s market positioning by addressing import tariff challenges and meeting the growing demand for sustainable energy solutions, potentially increasing the company’s revenue and market share.
Sprintex Limited, listed on the ASX under the ticker SIX, has requested a trading halt of its securities pending a significant announcement concerning a capital raising. This trading halt is expected to last until the announcement is made or until normal trading resumes on March 27, 2025. The move indicates a strategic financial maneuver that could impact the company’s market positioning and stakeholder interests.
Sprintex Limited has announced a change in the substantial holding of its shares by David Paul Steicke. The voting power of Steicke has decreased from 14.15% to 12.95% due to market acquisitions, with his current holding standing at 73,000,000 ordinary shares. This change in shareholding may impact the company’s shareholder dynamics and influence future decision-making processes.
Sprintex Limited has secured a maiden purchase order valued at US$225,800 from Euroteck Environmental Pty. Ltd., marking a significant step in its expansion into the Indian market. This order, part of a larger agreement expected to generate over A$7 million in sales over three years, includes the company’s G15 and G25 series blowers, with customized units for wastewater treatment applications. The order exceeds Euroteck’s Q1 minimum order requirements and contributes to Q2 targets, highlighting strong demand for Sprintex’s solutions. The successful development of these customized models positions Sprintex for further opportunities with other distributors globally, potentially enhancing its market presence in regions such as the Middle East and North America.
Sprintex Limited is aggressively expanding into the Asia-Pacific and European markets through innovative product lines and strategic partnerships. The company is making significant strides in energy efficiency, particularly with its Sprintex Jet blowers, which offer up to 70% energy savings. Recent agreements with distributors in the UK, India, and Türkiye highlight Sprintex’s commitment to growth and sustainability. These initiatives not only strengthen Sprintex’s market position but also promise substantial cost savings and environmental benefits for stakeholders in various industries.
Sprintex Limited is set to showcase its innovative G-Series Jet Blowers at Hannover Messe 2025, a major industrial trade fair in Germany. The company’s participation aims to secure strategic partnerships and distribution agreements across Europe, leveraging the high demand for energy-efficient solutions due to Europe’s high power costs. The G-Series blowers promise up to 70% energy savings, appealing to energy-intensive sectors and offering fast returns on investment. This strategic move is expected to enhance Sprintex’s market presence in Europe, aligning with its growth strategy and existing collaborations.
Sprintex Limited’s G15 Jet Blowers have been recognized by the United Nations’ WIPO GREEN for their role in sustainable aquaculture, offering up to 70% energy savings. This inclusion in the WIPO GREEN Database highlights Sprintex’s leadership in energy-efficient solutions and is expected to enhance its global reach among sustainability-focused stakeholders. The G15 series, with its advanced technology and energy efficiency, is already being trialed in various pilot projects across Australia and internationally, demonstrating its potential to improve efficiency and environmental sustainability in aquaculture.
Sprintex Limited has achieved CE Mark certification for its new range of industrial jet blowers, allowing entry into the European Union and 28 other countries. This milestone supports an aggressive sales strategy targeting industries such as data centers and wastewater projects, leveraging the blowers’ competitive advantages in energy savings and installation costs. The company is also pursuing UL and CUL certifications to expand into North American markets, aiming for a significant global market presence.
Sprintex Limited reported a significant increase in revenue by 47% to $1,033,706 for the six-month period ending December 31, 2024, compared to the previous year. However, the company also experienced a substantial increase in losses, with a net loss of $3,594,738, marking an 84% increase from the previous period. No dividends were declared or paid, and the net tangible assets per share decreased by 161% to -0.81 cents. The financial report also highlighted a restatement of the previous year’s figures due to overstated revenue and expenses by the Chinese subsidiary, impacting the comprehensive income for the half-year ended December 31, 2023.