A$0.57 ($0.40)

-0.01 (-1.71%)

Weekly Expected Move ±4.1%

A$1 A$1 A$1 A$1 A$1

ASX · Industrials · Specialty Business Services · Tech Score Neutral · Power 47 · A$240.9M mcap · 252M float · 0.223% daily turnover

Analysis Technicals Weather Peers

Revenue

$204M +16.5% ▲

5Y CAGR: +51.6%

Gross Profit

$52M -22.5% ▼

5Y CAGR: +37.6%

Operating Income

$11M -69.1% ▼

Net Income

$999K +105.7% ▲

EPS (Diluted)

$0.00 +106.5% ▲

EBITDA

$34M +8.4% ▲

5Y CAGR: +169.5%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$23M	$24M	$122M	$175M	$204M
YoY Growth	-9.3%	+5.1%	+401.8%	+43.6%	+16.5%
Cost of Revenue	$14M	$28M	$65M	$108M	$152M
Gross Profit	$9M	$5M	$57M	$67M	$52M
Gross Margin	40.6%	21.6%	46.7%	38.4%	25.6%
R&D Expenses	$137K	$199K	$312K	$314K	$0
SG&A Expenses	$5M	$7M	$27M	$32M	$39M
Operating Expenses	$12M	$7M	$27M	$32M	$41M
Operating Income	-$3M	-$4M	$11M	$35M	$11M
Operating Margin	-12.7%	-16.7%	9.1%	19.8%	5.3%
Interest Expense	$6M	$5M	$16M	$19M	$8M
Income Before Tax	-$4M	-$12M	-$13M	-$14M	$866K
Tax Expense	$10M	$7M	-$11M	$3M	-$133K
Net Income	-$4M	-$12M	-$3M	-$18M	$999K
Net Margin	-18.1%	-48.8%	-2.5%	-10.1%	0.5%
EPS (Diluted)	$-0.08	$-0.09	$-0.01	$-0.04	$0.00
EBITDA	$8M	-$344K	$20M	$31M	$34M
Shares Outstanding	54M	131M	244M	335M	392M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$16M	$17M	$56M	$66M	$81M	$94M	$98M	$106M
Cost of Revenue	$13M	$15M	$33M	$49M	$50M	$58M	$73M	$77M
Gross Profit	$3M	$2M	$23M	$17M	$31M	$36M	$25M	$29M
Gross Margin	18.0%	14.0%	40.6%	25.1%	38.1%	38.6%	25.8%	27.2%
R&D Expenses	$50K	$50K	$166K	$229K	$158K	$156K	$0	$0
SG&A Expenses	$4M	$4M	$13M	$14M	$15M	$17M	$21M	$20M
Operating Expenses	$4M	$4M	$14M	$14M	$15M	$17M	$21M	$22M
Operating Income	-$2M	-$2M	$8M	$3M	$16M	$19M	$4M	$6M
Operating Margin	-9.5%	-11.6%	14.8%	4.4%	19.5%	20.1%	4.5%	5.9%
Interest Expense	$3M	$2M	$7M	$9M	$9M	$10M	$4M	$4M
Income Before Tax	-$5M	-$7M	-$3M	-$10M	-$10M	-$5M	-$420K	$1M
Tax Expense	$1K	-$1K	$0	-$11M	-$463K	$4M	$2M	-$2M
Net Income	-$5M	-$7M	-$3M	$1M	-$9M	-$9M	-$2M	$3M
Net Margin	-28.8%	-42.8%	-5.5%	2.0%	-11.2%	-9.1%	-2.5%	3.2%
EPS (Diluted)	$-0.03	$-0.06	$-0.02	$0.00	$-0.03	$-0.01	$-0.01	$0.01
EBITDA	$2M	$3M	$9M	$12M	$15M	$16M	$15M	$18M
Shares Outstanding	138M	132M	164M	302M	314M	355M	372M	412M

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