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Fitell Corporation Ordinary Shares - $FTEL STOCK NEWS

Welcome to our dedicated page for Fitell Corporation Ordinary Shares news (Ticker: $FTEL), a resource for investors and traders seeking the latest updates and insights on Fitell Corporation Ordinary Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fitell Corporation Ordinary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fitell Corporation Ordinary Shares's position in the market.

News
Fitell Corporation Announces First Half-Year Financial Results
Rhea-AI Summary
Fitell Corporation (Nasdaq: FTEL) announces its half-year financial results for the six months ended December 31, 2023, with revenue of $2.1 million, a decrease of 30.5% compared to 2022. Gross profit also decreased by 46.8%. Despite challenges, management remains optimistic about the long-term prospects of the fitness industry in Australia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.06%
Tags
earnings
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News
Fitell Corporation Announces Private Placement of US$3.6 Million of Senior Unsecured Convertible Notes
Rhea-AI Summary
Fitell Corporation (Nasdaq: FTEL) announced a private placement of US$3,600,000 through a three-year senior unsecured convertible promissory note with an investor. The note bears an 8% interest rate and matures on January 15, 2027. The investor has the option to convert the principal amount into Fitell's ordinary shares at a conversion price not lower than $0.80 per share. Additionally, the private placement includes warrants entitling the Investor to purchase up to 5,645,455 ordinary shares of the Company at an exercise price of $1.056 per share. Fitell intends to use the net proceeds for working capital purposes in line with the Company’s strategic business goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.64%
Tags
none
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News
Fitell Corporation Announces Fiscal 2023 Financial Results
Rhea-AI Summary
Fitell Corporation, an online retailer of gym and fitness equipment in Australia, announced its 2023 annual financial results. Revenue was $4.8 million, a decrease of 41.2% compared to the previous year. Gross profit was $2.2 million, a decrease of 40.2%. Gross margin increased by 0.7%. Sales of consumable products increased by 11.6%. Merchandise revenue decreased by 44.3%. Revenue from licensing customers decreased by 23.9%. Cost of goods sold decreased by 41.9%. Fitell successfully listed on Nasdaq and raised $13.6 million. The company appointed Yinying “Sam” Lu as Chief Executive Officer. Investor conference call and webcast scheduled for October 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.23%
Tags
earnings
News
Fitell Corporation Announces Fiscal 2023 Year-End Earnings Release Date and Conference Call Webcast
Rhea-AI Summary
Fitell Corporation (Nasdaq: FTEL) will release its fiscal year 2023 earnings results on October 30, 2023. An investor conference call and webcast to discuss the results will be held on October 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
earnings
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News
Fitell Corporation Announces New CEO to Drive Expansion in Australia and Asia
Rhea-AI Summary
Fitell Corporation announces the promotion of Yinying Lu to CEO, replacing Guy Robertson. Lu has achieved remarkable success as the general manager of GD Wellness, Fitell's subsidiary in Australia. Fitell recognizes the importance of a dedicated full-time CEO to drive growth and execute expansion initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.54%
Tags
management
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News
Fitell Corporation Announces Closing of $15 Million Initial Public Offering
Rhea-AI Summary
Fitell Corporation closes firm commitment IPO, raising $15 million at $5.00 per share. Proceeds to be used for business expansion, development of smart connected equipment, potential mergers and acquisitions. Shares began trading on Nasdaq on August 8, 2023.
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End-of-Day
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IPO offering
News
Fitell Corporation Announces Pricing of $15 Million Initial Public Offering
Rhea-AI Summary
Fitell Corporation, an online retailer of gym and fitness equipment in Australia, has announced the pricing of its initial public offering (IPO) on the Nasdaq Capital Market. The IPO consists of 3,000,000 Ordinary Shares priced at US$5.00 per share. The company expects to receive gross proceeds of US$15.00 million before expenses. The underwriters have also been granted an option to purchase up to an additional 450,000 shares. Trading is expected to begin on August 8, 2023, under the ticker symbol 'FTEL'.
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Fitell Corporation Ordinary Shares

Nasdaq:FTEL

FTEL Rankings

#3843 Ranked by Market Cap
#4735 Ranked by Stock Gains
N/A Ranked by Dividends

FTEL Stock Data

188.57M
4.68M
57.91%
0.14%
0.53%
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