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Phoslock Environmental Technologies Limited
(Sydney:PET)
Phoslock Environmental Technologies Limited (PET) vs. S&P 500 (SPY)
Phoslock Environmental Technologies Limited Business Overview & Revenue Model
Phoslock Environmental Technologies Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 3.39M | 757.00K | 3.50M | 3.02M | 6.30M | 6.88M | Gross Profit |
| 2.49M | 993.00K | 1.92M | 696.00K | 2.71M | 4.10M | EBIT |
| -3.69M | -2.55M | -2.38M | -9.99M | -6.42M | -18.96M | EBITDA |
| -3.61M | -2.53M | -2.27M | -10.48M | -6.89M | -25.15M | Net Income Common Stockholders |
| -2.06M | -2.74M | -2.06M | -11.21M | -4.61M | -25.73M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 10.72M | 7.86M | 10.72M | 14.58M | 22.99M | 30.47M | Total Assets |
| 14.44M | 10.76M | 14.44M | 18.12M | 30.41M | 38.02M | Total Debt |
| 342.00K | 367.00K | 342.00K | 955.00K | 1.29M | 3.84M | Net Debt |
| -10.28M | -7.49M | -10.28M | -13.50M | -21.70M | -26.61M | Total Liabilities |
| 2.21M | 1.15M | 2.21M | 3.48M | 4.60M | 8.55M | Stockholders Equity |
| 12.24M | 9.61M | 12.24M | 14.64M | 25.82M | 29.47M |
| Cash Flow | Free Cash Flow | ||||
| -3.12M | -2.88M | -3.16M | -7.70M | -7.07M | -12.61M | Operating Cash Flow |
| -2.62M | -2.85M | -2.62M | -7.07M | -6.93M | -12.55M | Investing Cash Flow |
| -533.00K | -49.00K | -533.00K | -628.00K | -141.00K | -52.00K | Financing Cash Flow |
| -561.00K | -355.00K | -561.00K | -687.00K | -480.00K | 27.96M |
Phoslock Environmental Technologies Limited Technical Analysis
Phoslock Environmental Technologies Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
49 Neutral | $1.98B | -1.10 | -21.24% | 3.61% | 1.31% | -31.23% | |
45 Neutral | AU$7.10M | 27.78 | 3.19% | ― | -7.27% | ― | |
44 Neutral | AU$15.63M | 6.25 | -20.47% | ― | -77.68% | -9.09% | |
39 Underperform | €14.28M | ― | -234.21% | ― | -16.41% | 59.32% | |
37 Underperform | $217.29M | ― | -428.37% | ― | ― | 3.70% | |
34 Underperform | $13.52M | ― | -141.00% | ― | 37.21% | 4.76% | |
31 Underperform | $8.22M | ― | -150.37% | ― | -1.30% | 33.33% |
Phoslock Environmental Technologies Limited Corporate Events
Phoslock Environmental Technologies Limited reported a cashflow deficit of approximately $950,000 for the March quarter, an improvement from the previous year’s deficit but higher than recent quarters. Sales increased significantly to 383 tonnes, with major contributions from Brazil and the USA. The company is preparing for potential sales growth in Europe and addressing challenges posed by increased US tariffs on Chinese goods. Additionally, Phoslock is dealing with legacy legal issues, including a class action, and is working towards lifting the suspension of its shares on the ASX.
Phoslock Environmental Technologies Limited has announced its 2024 Annual General Meeting, scheduled for May 22, 2025, at the Fullerton Hotel in Sydney. The meeting will cover key business items including the adoption of the remuneration report, the re-election of Mr. Fred Bart as a director, and other business matters. Shareholders are encouraged to participate either in person or by proxy to vote on the resolutions, which will be decided by a poll.
Phoslock Environmental Technologies Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s recommendations, highlighting their commitment to solid management foundations, accountability, and transparency. This announcement reinforces the company’s dedication to maintaining high governance standards, potentially strengthening stakeholder confidence and enhancing its industry positioning.
Phoslock Environmental Technologies Limited has released its audited financial statements for the period ending 28 March 2025, showing a reduction in net loss after tax by $462,000 compared to the preliminary figures. The adjustments in the financials reflect changes in inventory valuations, impairment calculations, and reclassification of liabilities, resulting in an increase in total equity by $401,000. These changes indicate a positive adjustment in the company’s financial position, potentially enhancing its market standing and providing reassurance to stakeholders.
Phoslock Environmental Technologies Limited has released its annual report for the year ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial health and operations over the past year. This release is crucial for stakeholders as it offers a comprehensive overview of the company’s performance and strategic direction.
Phoslock Environmental Technologies Limited reported a significant decline in financial performance for the half-year ended June 2024, with revenues dropping by 42.6% and a substantial decrease in underlying EBIT by 65%. Despite the reduced losses compared to the previous year, the company did not declare any dividends, highlighting ongoing financial challenges. The report also noted an ’emphasis of matter’ opinion from auditors regarding the company’s going concern status, indicating potential concerns about its financial stability.
Phoslock Environmental Technologies Limited is involved in ongoing legal proceedings in the Federal Court of Australia. Initially named as a respondent in preliminary discovery proceedings by Levitt Robinson, the company has seen these proceedings dismissed, with costs to be paid by the applicants. However, separate proceedings by the Banton Group continue, and PET is working with legal advisors to recover incurred costs. This development may impact the company’s financial obligations and legal strategy.
Phoslock Environmental Technologies Limited has released its preliminary final report for the year ending December 31, 2024. This report provides insights into the company’s financial performance and operational review, which are crucial for stakeholders to assess the company’s current market position and future prospects.