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Vonex Limited
(Sydney:VN8)
Vonex Limited (VN8) vs. S&P 500 (SPY)
Vonex Limited Business Overview & Revenue Model
Vonex Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 48.19M | 45.45M | 33.62M | 18.26M | 12.77M | Gross Profit |
| 21.36M | 6.97M | 8.58M | -185.76K | 513.90K | EBIT |
| 1.68M | -2.17M | 1.27M | -4.23M | -3.32M | EBITDA |
| 4.98M | -17.92M | 2.92M | -3.24M | -751.96K | Net Income Common Stockholders |
| -1.34M | -22.82M | 251.69K | -3.98M | -705.96K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 2.93M | 1.79M | 3.20M | 3.66M | 4.81M | Total Assets |
| 35.32M | 36.43M | 48.45M | 11.81M | 12.23M | Total Debt |
| 25.71M | 23.33M | 15.61M | 995.33K | 950.55K | Net Debt |
| 22.78M | 21.54M | 12.41M | -2.66M | -3.86M | Total Liabilities |
| 39.00M | 39.36M | 29.24M | 6.23M | 5.42M | Stockholders Equity |
| -3.68M | -2.93M | 19.21M | 5.58M | 6.81M |
| Cash Flow | Free Cash Flow | |||
| 4.70M | 2.24M | 5.18M | -503.42K | -802.41K | Operating Cash Flow |
| 4.79M | 2.56M | 5.33M | -342.39K | -729.24K | Investing Cash Flow |
| -98.11K | -8.52M | -31.36M | -636.47K | 1.23M | Financing Cash Flow |
| -3.55M | 4.56M | 25.57M | -173.64K | 1.13M |
Vonex Limited Technical Analysis
Vonex Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $51.81B | 31.07 | 11.34% | 4.27% | 1.24% | -16.88% | |
60 Neutral | €1.31B | ― | -1.05% | ― | 30.90% | 91.12% | |
60 Neutral | $13.44B | 7.03 | -2.73% | 3.78% | 2.17% | -39.43% | |
55 Neutral | $9.61B | 276.54 | -0.95% | 3.48% | -0.23% | -318.56% | |
51 Neutral | AU$26.34M | ― | ― | -4.31% | 73.91% |
Vonex Limited Corporate Events
Vonex Limited has announced several key developments for the quarter ending March 2025, including the appointment of Michael Blake as CEO and the successful completion of an entitlement offer and debt refinancing. The company raised approximately $13.89 million through a non-renounceable entitlement offer, which was used to repay existing debt, significantly improving its capital structure and financial flexibility. Additionally, Vonex refinanced the remaining debt with a new facility from Westpac Banking Corporation, providing longer-term financial stability. The company also received recognition from the Australian Communications and Media Authority for having the lowest number of complaints per 10,000 services for the second consecutive quarter, highlighting its commitment to operational excellence and customer satisfaction.
Vonex Limited has successfully completed the resettlement and reduction of its debt facilities, using proceeds from a recent entitlement offer to repay $13 million of its $23 million debt with Longreach. The remaining balance has been refinanced with a three-year variable interest rate facility from Westpac, which features commercially competitive terms. This financial restructuring is expected to positively impact Vonex’s operational stability and market positioning.
Vonex Limited has announced a significant change in the voting power of its substantial shareholders, with Maxo Telecommunications Pty Ltd increasing its stake through an entitlement offer and shortfall allotment. This change elevates MaxoTel’s voting power from 61.82% to 69.38%, potentially strengthening its influence over Vonex Limited’s strategic decisions and future direction.
Vonex Limited has announced the quotation of 376,301,763 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of February 26, 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 accessibility of its shares.
Vonex Limited reported a revenue of $23.2 million for the half-year ending December 2024, with a 24% increase in EBITDA to $2.4 million. Despite a 6% decline in revenue, the company has made significant strides in operational efficiency and customer experience, achieving the top ranking in Telecommunications Industry Ombudsman complaints. The company raised $13.9 million to reduce its debt and plans further refinancing. With the appointment of Michael Blake as the new CEO, Vonex anticipates renewed growth opportunities, particularly after the resolution of competing takeover offers and the establishment of a new majority shareholder.
Vonex Limited has released its financial statements for the half-year ended December 31, 2024. The report includes the company’s profit or loss, comprehensive income, financial position, changes in equity, and cash flows. This release provides stakeholders with a detailed overview of Vonex’s financial health and performance, which is crucial for assessing its market positioning and operational strategies.
Vonex Limited reported a 6% decline in revenue for the half-year ending December 31, 2024, attributed to customer churn in its wholesale segment where servicing costs exceeded revenue benefits. Despite the revenue drop, the company managed to reduce its net loss by 55% compared to the previous year, amounting to $564,746, highlighting improved cost management and operational efficiencies.
Vonex Limited announced the results of its pro-rata non-renounceable entitlement offer, achieving an 81% take-up with $11.2 million in new shares accepted. The offer was partially underwritten by Maxo Telecommunications Pty Ltd, Vonex’s largest shareholder, which will subscribe for 72,822,873 new shares, contributing approximately $2.7 million. The successful capital raising is expected to support Vonex’s growth strategies in the telecommunications industry, enhancing its operational capabilities and market position.
Vonex Limited’s ordinary fully paid deferred shares (VN8N) have been suspended from quotation on the ASX, pending the completion of an off-market takeover offer from Swoop Telecommunications Pty Ltd. This move aims to acquire the remaining issued capital in Vonex that Swoop does not currently own, signaling potential consolidation in the telecommunications sector.
Swoop Telecommunications Pty Ltd, a subsidiary of Swoop Holdings Limited, is making an off-market takeover offer to acquire the remaining shares it does not own in Vonex Limited. The company has issued a second supplementary bidder’s statement, which has been lodged with the Australian Securities and Investments Commission and sent to Vonex. This move signals Swoop Telecommunications’ intent to consolidate its position in the telecommunications sector by acquiring full ownership of Vonex, potentially impacting the market dynamics and stakeholders involved.
Swoop Telecommunications Pty Ltd, a subsidiary of Swoop Holdings Limited, has announced an extension to its off-market takeover offer to acquire the remaining shares in Vonex Limited that it does not already own. The offer period has been extended to remain open until 7 pm on 21 February 2025, allowing more time for shareholders to accept the offer. This strategic move indicates Swoop’s ongoing efforts to consolidate its position in the telecommunications industry by fully integrating Vonex Limited. The extension may impact Vonex stakeholders who are evaluating the offer, providing them with additional time to make informed decisions.
Vonex Limited has initiated a partially underwritten pro-rata non-renounceable Entitlement Offer, opening today and aiming to raise approximately $13.9 million by offering one new share for every existing share at $0.037 per share. This move is aligned with Vonex’s strategic focus on scaling its telecommunications offerings and pursuing growth opportunities, which could potentially strengthen its market position and benefit stakeholders.