190 examples of last day laggard accumulated losses above $20m
October 8, 2024
190 examples of last day laggard companies which reported on Friday, August 30 (or later) and finished the disclosure with accumulated losses exceeding $20m. Those which are italiced are in front for investors based on the current market cap.
TPG (TPG), $6.92 billion: dropped a $29m last day profit in August 2024 which reduced accumulated losses to $6.92 billion. Net assets are $11.47b and the market cap is $9.22b.
Hutchison Telecom (HTA), $4.114 billion: just keeps soldiering on as a listed company, backed by billionaire Li Ka Shing. This is why the Murdochs and Packers put One-Tel under in 2001. After ploughing on, HTA has now accumulated losses of $4.114b as of August 2024 after recording a $56m loss in the latest half year. Net assets are claimed to be $159m but the market cap is around $400m with the stock at 2c in August 2024.
Opthea (OPT), $864m: they want to help people see better. But by waiting until 6.30pm to release its full year results on the last day possible, perhaps they didn't want people to see the latest $US220m loss for the 2023-24 year, lifting accumulated losses to $US579m. Net assets are -$US75.8m but the market sees value given the market cap was $A695m in early September 2024.
SiteMinder (SDR), $632.8m: only listed in October 2021 when it raised $627m at $5.06 a share, but it still dropped a $25.2m last day loss which lifted accumulated losses to $632.8m. Net assets are $64.9m and the market cap is $1.38 billion.
AJ Lucas (AJL), $573m: the engineering contractor has been a total disaster wracking up $573m in accumulated losses. Dropped a modest 778k loss on the last day of August 2024, but with a market cap of just $12m and the stock below 1c, there's no hope of any meaningful recovery.
Ariadne (ARA), $442.7m: the 1980s high flying property developer has been staggering along zombie like for years and dropped a $1.6m last day profit which reduced accumulated losses to $442.7m. Net assets are $176.9m and the market cap is $100m.
Syntara (SNT), $419.6m: the Sydney-based drug development company dropped a $15.1m last day loss which lifted accumulated losses to $419.6m. Net assets are $4.7m and the market cap is $45m.
US Masters Residential, (URF) $411m: This outfit was put together by Dixon Advisory after the GFC but dropped a $17m last day loss which lifted accumulated losses to $411m. Net assets are $399.9m and the market cap is only $219m suggesting more write-downs are needed.
LCL Resources (LCL), $386.5m: dropped a late $1.1m loss on September 12, 2024 which lifted accumulated losses to $386.5m. Net assets of $15.2m compared with a market cap of $9.6m with the stock at 1.2c.
Ummutep (IMM), $382.6m: dropped a $44.1m last day loss which lifted accumulated losses to $382.6m. Net assets are $189.5m and the market cap is $530m so overall value has been created.
Appen (APX), $379m: the AI outfit got too dependent on Google and Microsoft. Produced an $18.8m last day laggards loss, which lifted accumulated losses to $379m. Net assets $79.5m but market cap $271m, so hope remains.
Renu Energy (RNE), $363.8m: dropped a $5.1m last day loss which lifted accumulated losses to $363.8m. Net assets are $15.7m and the market cap is a miserable $1.8m.
Dubber Corp (DUB), $327m: dropped a hefty $40.7m last day loss which lifted accumulated losses to $327m. Net assets are $17.5m and the market cap is $32m with the stock at 3c.
RTG Mining (RTG): $294m: run out of Perth and has been battling over a copper gold project in the Philippines but lost another $US2.74m in a last day release on August 30, 2024, which listed accumulated losses to $US197.7m. Only claims to have net assets of $US4.52m but market cap is around $45m with the stock at 4c.
Hillgrove Resources (HGO), $274m: dropped a $4.7m last day loss which lifted accumulated losses to $274m. Net assets are $60.2m and the market cap is $111m with the stock at 5.2c.
Keybridge Capital (KBC), $261m: dropped a $13.3m profit two days after the last day deadline on September 3, 2024 which reduced accumulated losses to $261m. Net assets are $17.5m and the market cap is negligible with the stock below 1c. Is chaired by Nicholas Bolton with Anthony Catalano also serving on the 3 person board.
Donaco (DNA), $258m: don't know how or why a casino operator in Vietnam and Cambodia ever came to be listed on our blue chip ASX, but Donaco produced a seemingly healthy last day profit of $37m. Sounds great but doesn't chase down much of the earlier $258m in accumulated losses. The market cap is wallowing at $38m with the stock at 3.1c.
GeoPacific Resources (GPR), $236.6m: dropped a late $4.9m loss on September 12, 2024, lifting accumulated losses to $236.6m. Net assets of $66.3m against a market cap of $25m with the stock at 2.4c.
Terracom, (TER), $229.6m: dropped a $24.9m last day profit which reduced accumulated losses to $229.6m. Net assets are $167.9m and the market cap is $152m.
Centaurus Exploration (CTM), $229.4m: dropped a $10.7m loss on September 11, well after the August 30 deadline, and this lifted accumulated losses to $229.4m. Net assets of $45.4m against a market cap of $183m.
Fluence (FLC), $224.4m: dropped a $9.5m last day loss which lifted accumulated losses to $224.4m. Net assets are $3.2m and the market cap is $107m.
Paradigm Biopharmaceuticals (PAR), $220.7m: dropped a hefty $58.6m last day loss which lifted accumulated losses to $220.7m. Net assets are $23.8m and the market cap is $89m.
Terramin Australia (TZN), $216m: dropped a late 2023-24 loss of $4.2m on September 6, 5 business days after the August 30 deadline, lifting accumulated losses to $216m. Net assets are $7.7m and the market cap is $93m with the stock at 4c.
APM Human Services International (APM), $211m: dropped a $166m last day loss which lifted accumulated losses to $212m. Net assets are $1.22 billion and the market cap is $1.31b, propped up by a takeover bid from the same Chicago-based private equity mob which floated it a few years back.
Betmakers (BET), $203.5m: dropped a $38.7m last day loss which lifted accumulated losses to $203.5m. Net assets are $111.6m and the market cap is $86m with the stock at 8.6c.
Adriatic Metals PLC (ADT), $181m: London-based dual listed miner which dropped a $US23.2m loss on September 11 lifting accumulated losses to $A181m. Net assets are $US157.8m against a booming market cap of $937m.
Tigers Realm (TIG), $175m: the Melbourne-based Russian coal miner dropped a whopping $124.8m last day loss which lifted accumulated losses to $175m. Net assets are $65.2m and the market cap is $52m with the stock below 1c.
Cann Group (CAN), $169.5m: the medicinal cannabis outfit dropped a whopping $51.2m last day loss which lifted accumulated losses to $169.5m. Net assets are $13.9m and the market cap is $21m.
Adslot (ADS), $166.1m: dropped a $10.7m last day loss which lifted accumulated losses to $166.1m. Net assets are -$1.56m and the market cap is only $4.7m.
Genetic Technologies (GTG), $166.4m: dropped a $12m last day loss which lifted accumulated losses to $166.4m. Net assets are $1.83m and the market cap is just $5.7m.
4D Medical (4DX), $152m: dropped a $36.2m last day loss which lifted accumulated losses to $152m. Net assets are $70.9m but there's hope given the market cap is $181m.
Argosy Minerals (AGY), $150.2m: dropped a late $70.9m loss on Friday September 13, 2024 which lifted accumulated losses to $150.2m. Net assets of $20.3m compared with a market cap of $59.7m with the stock at 4.1c.
Thorney Opportunities Fund (TOP), $147m: managed a healthy $35m profit reported at 5.10pm on the last day but still has $147m in accumulated losses. Reported net assets of $159m against a market cap of $120m. It's high profile media investments such as Fairfax's regional newspaper stable have not performed well.
Wellard (WLD), $146m: the Perth-based company provides shipping for live animal export and has former Gina Rinehart side-kick John Klepec as exec chair. It lost $1.1m for the 2023-24 year and now has $146m in accumulated losses and a market cap of $22 million with claimed net assets of $55 million.
Bougainville Copper (BOC), $139m: 35 years after PNG locals stopped its mining operation, Rio Tinto is still getting mentioned in last day profit results by this company which it should have sold out of or mopped up by the mid-1990s. The market cap is $160m.
Eden Innovations, (EDE), $137m: run out of Perth and operates as far a field as India and Georgia with products to make generators more fuel efficient. Produced a last day $2.56m loss which lifted accumulated losses to $137m. Net assets are $4.15m but the market cap is only $6m so this is one of several listed energy transition companies which has blown up more than $100m overall.
Invion (IVX), $136m: dropped a $5.6m last day loss which lifted accumulated losses to $136m. Net assets are $14.4m and the market cap is $26m although stock is below 1c. Time for a share consolidation.
Netlinkz (NET), $133.1m: dropped a $16.1m late last day loss which lifted accumulated losses to $133.1m. Net assets are -$3.3m and the market cap is $11m with the stock below 1c.
Argent Biopharma (RGT), $129.6m: Perth-based company formerly known as MGC Pharmaceuticals which is pursuing solutions for autoimmune disease amongst others. Is is delisting from the ASX to focus on its London listing. Delivered a $17.5m last day loss in August 2024 which lifted accumulated losses to $129.6m. Market cap is only $15m.
Wellness Life (WNX), $127.5m: sells everything from pain relief to sleep supplements, teeth whitening and medicinal marijuana. Dropped a hefty last day loss of $14.7m as is prepares to dual list in London. Accumulated losses have hit $127.5m and net assets are just $7.2m but the market cap is $32m with the stock at 2c. Yet another Chemist Warehouse supplier which is under-water.
Next Sciences (NXS), $125m: a listed biotech firm working up remedies for infections from Sydney HQ and in Florida. After the last day laggard loss of $US5.85m, it had $125m in accumulated losses, just $US7m of book equity but a market cap of $A58m. Hope?
AF Legal (AFL), $122.7m: the struggling listed law firm dropped a $1.6m last day profit which reduced accumulated losses to $122.7m. Net assets are $9.9m and the market cap is $14.6m.
Sayona Mining (SAY), $118.7m: dropped a $139m last day loss which created accumulated losses of $118.7m. Net assets are $795m and the market cap is just $267m.
FBR Ltd (FBR) $114.2m: dropped a $27.8m last day loss which lifted accumulated losses to $114.2m. Net assets are $61m and the market cap is $187m despite the shares being at 3c. Another candidate for a share consolidation.
Toubani Resources (TRE), $112.1m: the Perth-based company reported a later than the last day $3.9m loss which lifted accumulated losses $112.1m. Claimed net assets are $2.2m against a market cap of $40m with the stock at 19c in early September 2024.
Maggie Beer Holdings (MBH), $111.7m: the premium foods group dropped a $28.2m 2023-24 last day loss at 10.10am, which lifted accumulated losses to $111.7m. Claimed net assets of $57m compared with a market cap of $23m with the stock at 6c.
First Graphene (FGR), $111.6m: dropped a $5.8m last day loss which lifted accumulated losses to $111.6m. Net assets are $6.1m and the market cap is $33m.
Radiopharm Theranostics (RAD), $111.3m: dropped a hefty $47.9m last day loss which lifted accumulated losses to $111.3m. Net assets are $27.3m and the market cap is $70m.
Senetas (SEN), $109.8m: dropped a $13.4m last day loss which lifted accumulated losses to $109.8m. Net assets are -$1.6m and the market cap is $25m with the stock at 1.6c.
De Grey Mining, $108.4m: has a market cap of $2.88b but waited until last day of the reporting season to drop this annual report at 8.08am. No media release, slides or analyst call, just the AR. They lost $17.7m, lifting accumulated losses to $108.4m but are very excited about Hemi gold mine in the Pilbara.
Xanadu Mines (XAM), $107m: Sydney-based company with Canadian connections which dropped a late $1m loss on September 12, 2024, lifting accumulated losses to $107m. Net assets are $64.5m against a market cap of $86m with the stock at 5.4c.
Top Shelf International (TSI), $106.6m: the Melbourne-based spirits company focuses on whisky and has had a bruising experience, dropping $21.1m in 2023-24 with this last day effort, which lifted accumulated losses to a stonking $106.6 million. Claims to have net assets of $40.5m but the market cap is down to $24m with the stock at 7.3c.
Alpha HPA (A4N), $105.2m: dropped a $25m last day loss which lifted accumulated losses to $105.2m. Net assets are $247.2m and the market cap is $953m.
FirstWave Cloud Technology (FCW) $104.5m: dropped a $23m last day loss which lifted accumulated losses to $104.5m. Net assets are $32.2m and the market cap is $32.5m.
Highfield Resources (HFR), $103.9m: dropped a very late $9m loss for 2023-24 on September 9, lifting accumulated losses to $103.9m. Net assets of $134.4m and a market cap of $114m so underwater overall.
Novatti (NOV), $103m: dropped a $20.9m last day loss which lifted accumulated losses to $103m. Net assets are -394k but the market cap is $17.8m.
Carbonxt (CG1), $102m: dropped a $8.1m last day loss which lifted accumulated losses to $102m. Net assets are $10.7m and the market cap is $26.6m.
Latin Resources (LRS), $98.9m: dropped a late $14.8m loss on September 12, 2024 which lifted accumulated losses to $98.9m. Net assets of $103.6m compare with market cap of $504m.
# Nuchev (NUC), $98.2m: the St Kilda Rd-based healthy foods outfit Nuchev was a last day laggard on August 30, 2024, when it reported a $7.6m loss for the year and now has $98.2m in accumulated losses. Claimed net assets of $14m but with a market cap of $26m it hasn't quite joined the $100m loss club overall.
Lithium Australia (LIT) $96.5m: dropped a $15m last day loss which lifted accumulated losses to $96.5m. Net assets are $3.4m and the market cap is $26m with shares at 2c.
Elanor Commercial Property Fund (ECF), $94.4m: dropped a $25m loss at 5pm on the last day of the August 2024 reporting season, which left it with accumulated losses of $94.4m and net assets of $249m against a market cap of $198m.
Oncosil (OSL), $93.2m: dropped a $12.4m last day loss which lifted accumulated losses to $93.2m. Net assets are $4.6m and the market cap is $42m.
Site (SIT), $92.8m: the Brisbane-based training outfit often pops up with a last day loss. In 2023-24 it was $4 million, lifting accumulated losses to $92.8m. Claimed to have negative net assets of $1.3m against a market cap of around $7m.
Environmental Clean Technologies (ECT), $91.5m: dropped a $3.7m last day loss which lifted accumulated losses to $91.5m. Net assets are $3.4m and the market cap is $6m with stock below 1c.
Botanix Pharmaceuticals (BOT), $90.8m: dropped a $13.7m last day loss which lifted accumulated losses to $90.8m. Net assets are $108.7m and the market cap is $633m.
Silver Chief (SIV), $90.8m: dropped a 358k last day profit which reduced accumulated losses to $90.8m. Net assets are $8.3m and the market cap is $7m.
Intelligent Monitoring Group (IMB), $90.3m: Perth-based security system company that delivered a $3.5m last day loss in 2023-24 which lifted accumulated losses to $90.3m. Claims to have net assets of $27.5m but with a market cap of $176m it has actually created real value overall.
Althea Group (AGH), $88.7m: dropped a $32m last day loss which lifted accumulated losses to $88.7m. Net assets are 314k and the market cap is $7.7m.
# Codeifai, $88m: now capitalised at just $2.64m market and formerly called YPB Group when it wracked up most of the $88m in accumulated losses. Where did all that shareholder money go?
Cardiex (CDX), $87.5m: a software fitness play which tried its hand in the US but came a cropper. Reported a last day $7.6m loss at 5.02pm on August 30, 2024, which lifted accumulated losses to $87.5m. Claimed to have net assets of $3.2m against a market cap of $15m suggesting there is some value.
GreenHY2 (H2G), $86.7m: dropped a 663k last day loss which lifted accumulated losses to $86.7m. Net assets are $3.34m and the market cap is $3m.
Titomic (TTT), $84.6m: dropped a $11.9m last day loss which lifted accumulated losses to $84.6m. Net assets are $1.03m and the market cap is $189m.
Lion Energy (LIO), $83.7m: dropped a late US697k loss on September 12, 2024, which lifted accumulated losses to $US56.1m. Net assets are $US6.6m against a market cap of $11m with the stock at 2.4c.
Austral Resources (AR1), $83m: Brisbane-based copper miner which briefly went into receivership over a debt in May 2024, before Glencore bought the debt. Is in work out owing mining contractor Thiess as well. Produced a $10.8m last day loss which lifted accumulated losses to $83m and left it with negative equity of $9.3m. Market cap is negligible.
Navarre Minerals (NML), $82.8m: the Melbourne-based company announced a 748k loss on September 10, well after the August 30 deadline, which lifted accumulated losses to $82.8m. Net assets are $27.6m against a negligible market cap with the stock at 0.19c, so it looks like more than $100m has been lost overall.
Actinogen (ACW), $81.7m: dropped a $13m last day loss which lifted accumulated losses to $81.7m. Net assets are $19.7m and the market cap is $122m.
Pioneer Credit (PNC), $80.6m: dropped a $10.3m last day loss which lifted accumulated losses to $80.6m. Net assets are $44.2m and the market cap is $76m.
Jatcorp, $79.7m: may have produced a $2.2m profit in 2023-24, but its full story as a public company involves $79.7m of accumulated losses. But...the market values it at $55.8m despite reported net assets of only $10.8m, so there's hope.
Advanced Health Intelligence (AHI), $79.5m: dropped a late last day loss of $4.1m which lifted accumulated losses to $79.5m. Net assets are $3.28m and the market cap is negligible.
Imuron (IMC), $79m: dropped a $6.9m last day loss which lifted accumulated losses to $79m. Net assets are $12.7m and the market cap is $23.3m.
Sprintex (SIX), $77.8m: dropped an after the last day loss of $2.95m which lifted accumulated losses to $77.8m. Net assets are -$1.73m and the market cap is negligible.
Ovanti (OVT), $76.3m: dropped a $6m last day loss which lifted accumulated losses to $76.3m. Net assets are $11,3m and the market cap is $6m with stock at 0.4c.
Ixup (IXU), $76m: dropped a $10.3m last day loss which lifted accumulated losses to $76m. Net assets are $2.8m and the market cap is $31m with shares at 2c.
Swift Networks (SW1), $76m: dropped a $1.67m last day loss which lifted accumulated losses to $76m. Net assets are -$7m and the market cap is $8.5m with stock at 1c.
Optiscan (OIL), $75.2m: dropped a $6m last day loss which lifted accumulated losses to $75.2m. Net assets are $13.9m and the market cap is $163m.
S2 Resources (S2R), $73m: dropped a $8.2m 2023-24 loss on September 6, 5 business day after the August 30 deadline, which lifted accumulated losses to $73m. Net assets are $8.1m against a market cap of $39m.
Po Valley Energy (PVE), $71.9m: dropped a late 930k Euros profit on September 12, 2024, lifting accumulated losses to 43.5m Euros. Net assets of 14.5m Euros against a market cap of $A43m with the stock at 3.4c.
Noble Oak Life (NOL), $71.4m: dropped a $9.3m last day profit which reduced accumulated losses to $26m. Net assets are $71.4m and the market cap is $135m so they've actually created shareholder value so far.
Land and Homes (LHM), $71m: dropped a $1.52m last day loss which lifted accumulated losses to $71m. Net assets are -$1.92m and the market cap is negligible.
Vinyl Group (VNL), $70.7m: formerly known as Jaxsta, Australia's "only listed music company" is diversifying into the wider media but dropped a $17m last day loss, lifting accumulated losses to $70.7m. Claims to have net assets of only $8.4m, but with a market cap of $101m it has created value overall.
Recce Pharmaceuticals (RCE), $70m: working on synthetic anti-infectives but produced a last day $17.7m loss which lifted accumulated losses to $70 million and negative net assets of $9.5m. But with a market cap of $112m, there's clearly plenty of optimism.
Traffic Technologies (TTI), $70m: dropped a $15.3m last day loss which lifted accumulated losses to $70m. Net assets are -$7.6m and the market cap is $4.86m.
Arrow Minerals (AMD), $70m: dropped a $17.8m 2023-24 loss 4 trading days after the August 30 deadline which lifted accumulated losses to $70m. Net assets are -$7.5m and the market cap is $25m with stock below 2c.
Conrad Asia Energy (CRD), $69.8m: dropped a $US3.5m loss on September 12, well after the August 30 deadline, lifting accumulated losses to $US46.8m. Net assets are $US41.6m against a market cap of $204m. Is chaired by former Oilsearch CEO Peter Botten.
Genetic Signatures (GSS), $67m: dropped a $17.8m last day loss which lifted accumulated losses to $67m. Net assets are $61m and the market cap is $170m.
# Imagine Biosystems (IBX), $66.5m: dropped a $1.5m last day loss which lifted accumulated losses to $66.5m. Net assets are negative $5.2m and the market cap is $1.4m.
Chimeric Therapeutics (CHM), $66.5m: dropped a $12.5m last day loss which lifted accumulated losses to $66.5m. Net assets are $2.47m and the market cap is $14m with stock at 1c.
Resonance Healthcare (RHT), $65.8m: dropped a 169k last day profit which reduced accumulated losses to $65.8m. Net assets are $10.9m and the market cap is $28.6m with stock at 6c.
Orthocell (OCC), $65.6m: dropped a $7.2m last day loss which lifted accumulated losses to $65.6m. Net assets are $4.5m and the market cap is $76.5m.
Predictive Discovery (PDI), $66m: dropped a $10m loss on September 4, 2024 (5 days late) which lifted accumulated losses to $66m. Net assets of $170m against a market cap of $517m so they've clearly got great prospects.
4DS Memory (4DS), $65.4m: Perth-based company dropped a $5.45m last day loss which lifted accumulated losses to $65.4m. Net assets are $8m and the market cap is $132m.
Cluey Ltd (CLU), $65.4m: dropped a $13.4m last day loss which lifted accumulated losses to $65.4m. Net assets are $4.8m and the market cap is $10m with stock at 2c.
Linius Technologies (LNU), $64.8m: dropped a $4.8m last day loss which lifted accumulated losses to $64.8m. Net assets are negative 208k and the market cap is negligible.
Austral Gold (AGD): awaiting late results but in Feb 2024 they'd clocked up $US66.9m in accumulated losses.
Beston Foods (BFC): awaiting late results last day loss which lifted accumulated losses to ??m. Net assets are ??m and the market cap is ??m.
Kaddy Ltd (KDY), $64.4m: described itself as being "dormant" but still dropped a $52.2m late loss on September 11, 2024 which lifted accumulated losses to $64.4m. Net assets of -$2.6m and no meaningful market cap.
Aeris Environmental (AEI), $64.4m: delivers energy efficient air conditioning solutions that cost shareholders a $3m last day loss in 2023-24, lifting accumulated losses to $64.4m. Claims 27k in negative net assets but market cap is $18m.
PharmAust (PAA), $64m: Melbourne-based company aiming to tackle MND but dropped a last day loss of $7.7m which lifted accumulated losses to $64m. Might only have net assets of $10.3m but the market cap is $87m so investors see hope and value.
M8 Sustainable Fund (M8S), $62.5m: dropped a $17.7m last day loss which lifted accumulated losses to $62.5m. Net assets are -$13m and the market cap is negligible.
Structural Monitoring Systems (SMN), $61m: dropped a $1.7m last day loss which lifted accumulated losses to $61m. Net assets are $14.6m and the market cap is $97m.
Haranga Resources (HAR), $60.6m: the Perth-based explorer dropped a $2m late loss on September 12, 2024 which lifted accumulated losses to $60.6m. Net assets of just $2.3m against a market cap of $3.6m.
# Original Juice (OJC), $60.3m: dropped a $6.4m last day loss which lifted accumulated losses to $60.3m. Net assets are $9.4m and the market cap is $43m.
Aspire Mining (AKM), $59.4m: Brisbane-based company which dropped a late $1m loss on September 12, 2024, lifting accumulated losses to $59.4m. Net assets of $44m against a market cap of $151m with the stock at 29c.
Biotron (BIT), $58.7m: a biotech which is in clinical trials to combat infections. The last day laggard effort in August 2024 was a $3.45m loss, lifting accumulated losses to $58.7m. Has negative equity but market cap of $25m suggests there's some value, even with the shares at 1.7c.
Yojee Ltd, $57.8m: a Perth-based outfit in the software space for transport. It dropped a $7.8m last day laggard loss for 2023-24 at 6.12pm, lifting accumulated losses to $57.8m. Market cap is just $14m.
Streamplay Studio (SP8), $57.6m: supplies casual gaming and esports technology which delivered a last day $1.6m annual loss for 2023-24 which lifted accumulated losses to $57.6m. Claims net assets of $15m when market cap around $8m with stock below 1c.
PainChek (PCK), $56.9m: dropped a $8.3m last day loss which lifted accumulated losses to $56.9m. Net assets are $1.29m and the market cap is $59m.
RMA Global (RMY), $56.7m: dropped a $3.7m last day loss which lifted accumulated losses to $56.7m. Net assets are -$3.43m and the market cap is $27.3m.
Tasfoods (TFL), $55.6m: dropped a $5m last day loss which lifted accumulated losses to $55.6m. Net assets are $12.65m and the market cap is $6m with the stock at 1.3c.
Bluechiip (BCT), $54.4m: promises to "advance sample management" in the engineering space but has struggle to more from software development to sales. Dropped a $5.8m last day loss for 2023-24 which lifted accumulated losses to $54.4m. Has neither any net assets or market cap to speak of with the stock below 1c.
Metarock (MYE), $54.2m: dropped an impressive $39.6m last day profit which reduced accumulated losses to $54.2m. Net assets are $73.5m and the market cap is $64m.
Australian Dairy Nutritionals (AHF), $53.4m: dropped a $7.3m last day loss which lifted accumulated losses to $53.4m. Net assets are $26.7m and the market cap is $11m.
Income Asset Management (IAM), $53.4m: dropped a $7.3m last day loss which lifted accumulated losses to $53.4m. Net assets are $26.7m and the market cap is $21.5m.
Critical Resources (CRR), $53m: Perth-based company which dropped a late $1.64m loss on September 12, 2024, lifting accumulated losses to $53m. Net assets are $25m against a market cap of $18.7m with the stock at 1.2c.
DomaCom (DCL), $52.9m: funds management innovator which dropped a last day loss of $5.5m, lifting accumulated losses to $52.9m. Has negative net assets of $4m so little hope with shares at virtually zero.
Yari Minerals (YAR), $52.7m: the Perth-based company dropped a late 344k loss on September 12, 2024 which lifted accumulated losses to $52.7m. Net assets are just $2.9m against a market cap of $1.3m with stock below 1c.
Wide Open Agriculture (WOA), $51.9m: dropped a late last day loss of $13m which lifted accumulated losses to $51.9m. Net assets are $5.2m and the market cap is negligible.
Memphasys Reproductive Biotechnology (MEM), $50.4m: dropped a $4.44m last day loss which lifted accumulated losses to $50.4m. Net assets are $6.84m and the market cap is $13m.
FatFish Group (FFG), $50.2m: this Perth-based outfit reckons it is an Asian focused fintech but also works on AI-enabled gaming. Whatever it is hasn't worked given the last day loss of $2.82m, which lifted accumulated losses to $50.2m. Net assets are only $2.46m against a market cap of $14m with the stock at just 1c.
Jayride (JAY), $49.8m: dropped a $8.3m last day loss which lifted accumulated losses to $49.8m. Net assets are -$4.24m and the market cap is $2.3m with stock below 1c.
Gratifii (GTI), $49.2m: focused on loyalty schemes but dropped a $10.5m loss at 5.06pm on August 30 2024, lifting accumulated losses to $49.2m. Market cap is just $8.8m.
Gathid (GTH), $49m: dropped a $4.3m loss on September 5, well after the August 30 deadline, and largely thanks to an asset sale. This reduced accumulated losses to $49m. Net assets are $7.3m and the market cap is negligible with the stock at 1.8c.
DigitalX (DCC), $48.3m: the Perth-based crypto fund delivered a last day $4.8m loss, lifting accumulated losses to $48.3m. Claims to have $37m of net assets broadly matching the $35m market cap with the stock at 4c.
Artrya (AYA), $47.9m: dropped a $14m last day loss which lifted accumulated losses to $47.9m. Net assets are $16.8m and the market cap is $22.8m.
# DorsaVi (DVL), $46.5: dropped a $1.2m last day loss which lifted accumulated losses to $46.5m. Net assets are $1m and the market cap is $8m.
Hydralyte (HPC), $46.2m: dropped a $3.1m last day loss which lifted accumulated losses to $46.2m. Net assets are -$2.76m and the market cap is $2.74m.
Unith Ltd (UNT), $46m: Perth-based and promising a forthcoming "Digital Human Platform" launch in September. They have 1.23 billion shares on issue so market cap is $25m with stock at 2c.
Prestal Holdings, (PTL), $45.3m: dropped a $20.6m last day loss which lifted accumulated losses to $45.3m. Net assets are $27.8m and the market cap is $14m.
Cambium Bio (CMB), $42.7m: dropped a $2.26m last day loss which lifted accumulated losses to $42.7m. Net assets are just $2.8m and the market cap is $4m.
Iventis (IVT) $42.5m: Sydney-based company in office furniture and school messaging systems in the US. Dropped a $3.42m last day loss in August 2024, lifting accumulated losses to $42.5m. Not much hope with negative equity of $4.4m and share price below 1c.
Hawsons Iron Ore (HIO), $42.2m: dropped a $3.6m last day loss which lifted accumulated losses to $42.2m. Net assets are $60.9m and the market cap is $24.4m.
Frugl (FGL), $41.2m: Perth-based company dropped a $2.9m last day loss which lifted accumulated losses to $41.2m. Net assets are $2.72m and the market cap is $2.3m with the stock at 2c.
Mighty Kingdom (MKL), $40.8m: dropped a $7m last day loss which lifted accumulated losses to $40.8m. Net assets are $2.93m and the market cap is negligible.
Yowee Group (YOW), $39.8m: a chocolate company tied up with Keybridge Capital which dropped a $2.64m last day loss which lifted accumulated losses to $39.8m. Net assets of $6.8m and market cap $5m with stock at 0.2c. Not much hope.
Image Resources (IMA), $39.4m: belatedly dropped a $5.2m 2023-24 loss on September 6, 5 business days after the August 30 deadline, which lifted accumulated losses to $39.4m. Claims net assets of $103.4m against a market cap of $74m with the stock at 6c.
Solice Minerals (SLM), $39.7m: dual listed Canadian explorer which dropped a $12.1m last day loss which lifted accumulated losses to $39.7m. Net assets are $11.6m and the market cap is $8.6m.
Vection Technologies, $39.5m: Perth-based tech/AI company with "global offices in Perth, Sydney, San Fran, Milan, Bologna, Bari and Abu Dhabi". It also dropped its $8.3m loss at 7.20pm on the last day possible, lifting accumulated losses to $39.5m. The stock closed at 1c giving it a market cap of $13.5m.
ClearVue Technologies (CPV), $39m: Perth-based glass manufacturer which dropped a hefty $12.5m loss after the market closed on the last day of the season, lifting accumulated losses to $39m. Claims to have net assets of $19m and the market cap is a healthy $102m so it's well regarded.
Burgundy Diamond Mines (BDM), $39m: Perth-based Canadian diamond miner which dropped a $10m last day profit which reduced accumulated losses to $39m. Net assets are $619.6m and the market cap is $192m with stock at 12c.
A1 Investments and Resources (AYI), $38.8m: dropped a 744k last day loss which lifted accumulated losses to $38.8m. Net assets are -195k and the market cap is negligible.
Rhythm Biosciences (RHY) $38.7m: Otto Buttula and Rachel David are on the board and they dropped a $6.9m last day loss which lifted accumulated losses to $38.7m. Net assets are $6.9m and the market cap is $15.4m.
Lincoln Minerals (LML), $38.3m: dropped a $2.7m last day loss which lifted accumulated losses to $38.3m. Net assets are $8.2m and the market cap is $8.2m.
Norwood Systems (NOR), $37.7m: dropped a $2.55m last day loss which lifted accumulated losses to $37.7m. Net assets are -$1.2m and the market cap is $12m with stock at 3c.
Vectus Biosystems, $37.7m: focuses on solutions for fibrosis issues but tragically its founder and CEO Dr Karen Duggan passed away in May 2024. Released a $2.1m full year loss on the last day, lifting accumulated losses to $37.7m. Market cap only $4.6m.
AD1 Holdings (AD1), $37.2m: dropped a $1.3m last day loss which lifted accumulated losses to $37.2m. Net assets are negative 176k and the market cap is $6.6m.
Foresta (FGH), $36.6m: dropped a $11m last day loss which lifted accumulated losses to $36.6m. Net assets are 206k and the market cap is $8.4m but the stock is below 1c.
Investor Centre Ltd (ICU), $36.5m: Brisbane based outfit supposedly building a brokerage capital markets operation which has accumulated losses of $36.5m after delivering a last day $1.9m loss. Stock below 1c.
Emyria (EMD), $35.4m: dropped a $11.5m last day loss which lifted accumulated losses to $35.4m. Net assets are $2.4m and the market cap is $12.6m.
Lion Selection Group (LSX), $33.9m: dropped a late $1.1m profit on September 12, 2024, lifting accumulated losses to $33.9m. Net assets of $88m against a market cap of $66m with the stock at 47c.
Murray Cod Australia, $33.5m: produced a last day laggards loss of $6m on August 30, 2024 but with a market cap of $121m against net assets of $91m, the $33.5m in accumulated losses are okay.
X2M Connect (X2M), $32.9m: Mt Waverley based company chaired by Alan Stockdale. Dropped a $6.5m last day loss which lifted accumulated losses to $32.9m. Net assets are 544k and the market cap is $13.6m with stock at 3.7c.
DTI Group (DTI), $32.2m: sounds exciting with its passenger and data systems for public transport but delivered a $2.5m last day lost which lifted accumulated losses to $32.2m. Net assets of only $3.9m and share price at rock bottom.
Scout Security (SCT), $32.3m: dropped a $3.6m last day loss which lifted accumulated losses to $32.3m. Net assets are -$7.8m and the market cap is negligible.
EP&T Global (EPX), $32.1m: dropped a $4.84m last day loss which lifted accumulated losses to $32.1m. Net assets are $4.9m and the market cap is $14m with shares at 2c.
Farm Pride Foods (FRM), $31.6m: the Melbourne-based egg producer generates more than $100m in sales but dropped to a $2.8m last day loss in 2023-24, which lifted accumulated losses to $31.6m. Only claims to have net assets of $2.8m but market cap is a healthier $20.5m.
Hygrovest (HGV), $31.5m: dropped a 131k last day loss which lifted accumulated losses to $31.5m. Net assets are $19.2m and the market cap is $8.2m with the stock at 4.2c.
Tryptamine Therapeutics (TYP), $31.1m: dropped a $11.5m last day loss which lifted accumulated losses to $31.1m. Net assets are $5.4m and the market cap is $24m with stock at 2c.
Carly Holdings (CL8), $31.1m: moved into the EV market in 2020 with leasing and trial schemes affiliated with Hyundai. Hasn't worked as dropped a $4.2m last day loss in August 2024, which lifted accumulated losses to $31.1m. Reported negative equity of $3.33m and stock was at 1c giving it a market cap of $3.8m.
Black Dragon Gold (BDG), $31m: dual listed in Perth and Canada and dropped a late September 12, 2024 loss of C381k which lifted accumulated losses to $C28.2m. Net assets of $C1.2m against a market cap of $4.3m with the stock at 1.6c.
Global Health (GLH), $30.7m: dropped a $1.3m last day loss which lifted accumulated losses to $30.7m. Net assets are -$2.9m and the market cap is $7m.
Cygnus Metals (CY5), $30.7m: is exploring for lithium in Canada and reported a $2.55m 2023-24 loss on September 10, well after the August 30 deadline. Accumulated losses are now $30.7m and net assets are $25.9m against a comparable market cap of $25m.
RooLife Group (RLG), $30.5m: is trying to sell healthy food into China but dropped a last day $2.45m loss in August 2024, lifting overall losses to $30.5m. They used to do Fiji Kava. Has a farcical 782m shares on issue and a market cap of just $4m.
The Calmer Co (CCO), $29.4m: dropped a $3.7m last day loss which lifted accumulated losses to $29.4m. Net assets are -466k and the market cap is $17m but shares are below 1c.
IMEXHS (IME), $29.2m: dropped a $2.34m last day loss which lifted accumulated losses to $29.2m. Net assets are $15m and the market cap is $22.7m.
FMR Resources (FMR), $29m: dropped a $1.24m last day loss which lifted accumulated losses to $29m. Net assets are $4.84m and the market cap is $4.2m.
KneoMedia (KNM), $28.5m: an online education provider focused on the US but dropped a $2.1m last day loss for 2023-24, lifting accumulated losses to $28.5m. Has $2.8m of negative equity and no material market cap after recent suspension for not paying listing fees.
Whitehawk (WHK), $28m: has US govt contracts for its cyber security SAAS product. Unfortunately, it lost $US1.2m for the 2023-24 year has $US19m in accumulated losses & reckons there's negative equity. But with the stock at 1c, it's worth $7m.
Thrive Tribe Technologies (1TT), $27.6m: does everything from snackfoods to Latin American mental health services and software but nothing has worked given it dropped a $3.6m last day loss, lifting accumulated losses to $27.6m. Net assets are just $2.3m and stock is at 0.1c, the lowest you can go.
Horseshoe Metals (HOR), $27.4m: dropped a late 533k loss on Friday September 13, 2024 which lifted accumulated losses to $27.4m. Net assets of -$1.1m compared with a market cap of $4.6m with the stock below 1c.
Frontier Energy (FHE), $26.5m: Perth-based company battling away on solar and battery projects but delivered a last day loss of $2.2m in August 2024 lifting accumulated losses to $26.5m. However, claimed to have $81m in net assets before launching a $40m placement capital raising in late August. Market cap was $112m so is hanging in there.
Acadamies Australasia (AKG), $26.5m: dropped a $9.6m last day loss which lifted accumulated losses to $26.5m. Net assets are $17.7m and the market cap is $12m.
RBR Group (RBR) $26.5m: dropped a 877k last day loss which lifted accumulated losses to $26.5m. Net assets are $1.63m and the market cap is $3.3m but has a ridiculous 1.634b shares on issue.
Skin Elements (SKN), $26.3m: Perth-based outfit which dropped a $1.87m last day loss which lifted accumulated losses to $26.3m. Net assets are -833k and the market cap is $2.35m with the stock below 1c.
Papyrus Australia (PPY), $26m: why is this listed on the ASX? It lost $1.12m in 2023-24, lifting accumulated losses to $26m and seems to have something to do with banana fibre manufacturing in Egypt. Market cap just $4.4m with stock below 1c.
Nutritional Growth Solutions (NGS), $25.9m: Israeli company which floated in 2020 and provides protein supplements for children. Reported a last day $2m loss which lifted accumulated losses to $25.9m. Market cap just $3.25m so looks pretty dire.
Hit IQ (HIQ), $25.8m: dropped a $3.2m last day loss which lifted accumulated losses to $25.8m. Net assets are -$1.47m and the market cap is $5.6m.
My Rewards International (MRI), $25.8m: talks a big game but it released a $2m last day loss and has accumulated losses of $25.8m and negative net assets with stock at virtually zero. Another joyous small cap investor experience.
MEC Resources (MMR), $25.5m: delivered a 492k last day loss which had some interesting commentary about the PEP11 saga where a judge found Scott Morrison had bias in cancelling the licence. Accumulated losses are now $25.5m and net assets $7m against an even smaller market cap.
Traka Resources (TKL), $25.3m: Perth based explorer focused on WA and Mozambique. Reported a $1.9m last day loss which lifted accumulated losses to $25.3m. Market cap only $1.94m and net assets of just 636k so will need to raise more capital to plough on.
Icandy Interactive (ICI), $25m: dropped a 378k last day profit which reduced accumulated losses to $25m. Net assets are $65m and the market cap is $30m.
# Holista Colltech (HCT), $24.6m: Perth tiddler in the food game with a market cap of $7m with the stock at 2.3c.
Pointerra (3DP), $24m: the 3D printing company lost $5.2m in 2023-34, has $24m in accumulated losses & reports 668k of negative equity. But the market cap is $52.3m. A winner!
Bass Oil (BAS), $23.8m: small Melbourne-based royalty play on one Cooper Basin and one Indonesian field that barely produces $2m in revenues and delivered a 366k last day laggard loss.
Highcom (HCL), $23.4m: Canberra-based body armour manufacturer which dropped a $12m loss after the market close on the last day possible in August 2024, lifting accumulated losses to $23.4m. Reports net assets of $31m, which is mainly cash, and had a market cap of $23m, suggesting concerns about more losses.
Rectifier Technologies (RFT), $23.4m: into e-mobility and EV charging and returned to profit with a last day 764k surplus in 2023-24, but this left accumulated losses at $23.4m. Was briefly suspended after getting down to just 1 director during the year and claims to have net assets of $17.3m but the market cap is around $8m with the stock below 1c.
# Icetana (ICE), $23m: the Perth-based company is using AI for its video surveillance products. Lost $1.9m for the 2023-24, lifting accumulated losses to $23m.
# Powerhouse Ventures (PVL), $23m: another last day laggard on the ASX. Market cap $5.3m, accumulated losses $23m, claimed net assets $11m. Investors might have better luck at the crypto casino with market cap of $6m.
Activeport, $22.7m: Perth-based software company Activeport only listed 3 years ago. It did a Friday night dump revealing a $9.45m loss lifting accumulated losses to $22.7m. Stock is at 4c. No wonder new floats are hard to get away in 2024
Live Verdure (LV1), $22.4m: looking at using AI for its edible beauty business but reported a $10.1m last day loss which lifted accumulated losses to $22.4m. However, investors are keen given its market cap of $68m against claimed net assets of just $2.6m.
RLF AgTech (RLF), $21.5m: is into fertiliser and soil based carbon credits but has really struggle, replacing its CEO and termination its main Australian distribution agreement. Dropped an $8m last day loss for 2023-24, which lifted accumulated losses to $21.5m. Claims to have residual net assets of $3.5m but the market was $11m with the stock at 4.8c.
NoviqTech (NVG), $21.1m: bills itself as an innovator in carbon reporting but delivered a last day loss of $1.3m in 2023-24, lifting accumulated losses to $21.1m. Negative equity of 546k and market cap only $3.9m with stock at 2c. Not good.
Rare Foods Australia (RFA), $21m: in Australia, we've even got listed abalone companies. This is a delicate industry with lots of govt regulations. Unfortunately, RFA are now up to $21m in accumulated losses, according to its last day laggard result on August 30, 2024. The market cap is $4.6m with the stock at 1.5c.
Akora Resources (AKO), $21m: the Ballarat-based company released a late $1m loss on September 12, 2024 which lifted accumulated losses to $21m. Net assets are $13.8m against a market cap of $11.4m with the stock at 9.1c.
Clean TeQ Water (CNQ), $20.8m. reported a 23-24 loss of $4.75m at 5.06pm on the last day which lifted accumulated losses to $20.8m. Claims net assets of $7.6m but with a market cap of $24m they are holding their own.
EDU Holdings (EDU), $20.8m: dropped a 28k last day profit which reduced accumulated losses to $20.8m. Net assets are $10.6m and the market cap is $15m.
IODM (IOD), $20.4m: dropped a $3.1m last day loss which lifted accumulated losses to $20.4m. Net assets are -840k and the market cap is $107m so lots of value created.
Motio (MXO), $20.4m: dropped a $2.1m last day loss which lifted accumulated losses to $20.4m. Net assets are $4.4m and the market cap is $4m with the stock at 1.8c.
Advance ZincTek (ANO), $20.2m: dropped a 903k last day loss which lifted accumulated losses to $20.2m. Net assets are $34.4m and the market cap is $45m.
Australian Bond Exchange (ABE), $19.4m: dropped a $5.6m last day loss which lifted accumulated losses to $19.4m. Net assets are $2.72m and the market cap is $3.56m.
Copyright © 2024 The Mayne Report. All rights reserved
