Roots Sustainable Agricultural Technologies Ltd (ASX: ROO)
Roots Sustainable Agricultural Technologies Ltd (ASX: ROO) is in the business of providing agricultural technology in Israel. Through its technology, the company is focused on solving Agriculture related problems like bad weather conditions, lack of water for irrigation etc. In the half-year results ending 30 June 2018, the company has earned a revenue of $200,000 in 1HFY18 against nil in the prior corresponding period. However, loss for the period was $1,437,000 in 1H FY18 compared to $145,000 in1H FY17. As at 30 June 2018, the group had cash and cash equivalent of $1,768 k. On the other hand, the Israel government has recently announced that it is going to subsidize basil farmers 30% for Roots RZT0 Technology. We anticipate that this subsidy will support to raise a commercial opportunity to the company with Israel’s basil growers. With this news, the stock climbed up 11.765 per cent on ASX. Meanwhile, the stock has fallen 42.05% in the past six months as at September 14, 2018 and traded at $0.285 with the market-cap of circa $16.31 Mn as on September 17, 2018.
Tinybeans Group Ltd
Tinybeans Group Ltd (ASX: TNY) is a No.1 app in the world for families’ memories which provide mobile and web-based media platform which allows to record and share digital data securely and privately. It generates revenue from the advertising of brands, premium subscriptions, and printed products. The vision of the company is to create a space where millions of families can effortlessly capture and share their kids’ stories. As a result, the company recorded more than 250,000 members who have access to a Tinybeans Family Premium subscription. Moreover, Tinybeans Group has added 1 million users in the last 15 months. The Monthly active users have been doubled in the past 18 months. There has been 82% increase in the Users with premium access in the last year. The group posted higher sales revenue in FY18 at $1,726,563 compared to $1,046,447 in FY17. However, the loss for the group after income tax accounted at $4,665,452 in FY18 compared to $ 2,056,624 in FY17. It was mainly impacted by the rise in employee cost, depreciation and amortization cost, and administrative expenses. The current ratio stood at 4.59x in FY18 which is higher than the industry median of 1.21x. Meanwhile, the stock has fallen 53.06% in the past three months as at September 14, 2018 and traded close to the 52-week low level of $0.201. TNY’s shares traded at $0.230 with the market-cap of circa $7.54 Mn as on September 17, 2018.
The Food Revolution Group Limited
The Food Revolution Group Limited (ASX: FOD) is a food processing company which manufactures and sells various type of juice, fruit, fruit water etc. Many of its products are used as an ingredient for the production of other food producers to meet the need for functional food, beverage, and nutraceutical markets. Also, the company offers logistics and co-packaging services to third parties and also perform various research and development activities for various food-related technologies. On the financial front, FY18 revenue from ordinary activities was up by about 4.62 percent against FY17, while Net profit after tax increased by 52.1% and amounted to about $2,659 thousand against $1,748 thousand over the prior year. Net Tangible Assets per share increased by 463% to 2.59 cents. As of now, FOD’s Plant is running on a capacity of 35% which shows that there is a scope of growth. the company recorded Current ratio and Quick ratio at 0.61x and 0.44x, respectively in FY18 while debt to equity came in at 0.19x. Besides this, the company has recently announced that one of Australia’s largest wealth managers Perpetual and SG Hiscock who is a very famous investor has given major institutional support of around $40 million to Food Revolution group. In the meantime, the stock has risen 162.50 per cent in the past six months as on September 14, 2018 and traded close to a 52-week high of $0.140.
Sky and Space Global limited
Sky and Space Global Limited (ASX: SAS) is in the business of constructing and operating communication infrastructure with Nano-Satellite Technology to telecommunication and international transport industry. In the FY 2018 ended 30 June 2018, the company posted higher sales at $71,454 compared to $54.376 in FY17. Over the last 12 months, the company has dedicated significant resources towards the development of the required infrastructure to build, launch and operate a commercial network of Nano-Satellites. The activities incorporate various hardware projects, software projects, the development of infrastructure and organizational changes to support future operations. Importantly, the Company has made significant progress in the development in its proprietary software, which utilizes unique Network Management and data compression to allow SAS to be the first in the world to operate an autonomous Nano-Satellite constellation. This intellectual property (IP) is a significant asset for the Company and distinguishes it from other Nano-satellite operator alternatives. Meanwhile, the stock has fallen 37.65% in the past three months (as at September 14, 2018) and traded close to the 52-week lower level of $0.045. SAS’s share traded at $0.055 with the market capitalization of circa $97.83 Mn as of September 17, 2018.
ClearVue Technologies Limited
ClearVue Technologies Limited (ASX: CPV) is a provider of solar energy solutions which offers building integrated photovoltaic, glass and building surfaces, thin film photovoltaic cells and panels, and other building materials. ClearVue Technologies is serving building and agricultural industries in Australia. Recently, the group posted its FY18 results in which Revenue and other income recorded A$504,919 in FY18 which relates to the interest received. However, net loss after income tax expense amounted to $ 3,441,590 in FY18, up from $ 1,334,455 in FY17 at the back of higher administrative expense, project costs, and borrowing cost incurred during the same period. Net cash outflow from operating activities came at $1.07 Mn compared to $0.76 Mn on YoY basis. On the balance sheet front, the current ratio stood at 12.36x which is above the industry median of 1.34x. At present, the company has a decent cash position of $3.8 Mn with zero debt facility. Since listing on ASX (i.e., May 25, 2018), the stock price has risen 214.29% as on September 14, 2018. Currently, CPV’s share traded close to 52-week higher level of $0.770 with the market capitalization of circa $62.71 Mn as of September 17, 2018. The stock traded at $0.760.
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